Are these Vloggers just a scam? SOL or Shmee etc? (Vol 2)
Discussion
Greshamst said:
I see TGE's latest video is him shilling a 'supercar investment club'.
For £500 you can own one share in an SPV company that supposedly owns an F40.
Said company has been encorporated for less than 10 months, no accounts filed and is run by a 26 year old. What could go wrong?
And TGE is so confident in it, that he's got a whole £500 share in it (presumably gifted to him for doing the video).
I like TGE - he seems like a very smart guy and he can be really funny. I have no shame in admitting I enjoy many of his videos (including the ones with Archie!), but this is a load of old sFor £500 you can own one share in an SPV company that supposedly owns an F40.
Said company has been encorporated for less than 10 months, no accounts filed and is run by a 26 year old. What could go wrong?
And TGE is so confident in it, that he's got a whole £500 share in it (presumably gifted to him for doing the video).
t. 
TGE's latest video is honestly embarrassing. No matter how stupid some of his videos are, I thought he had a bit of integrity. But shilling this ridiculous scheme is awful, and him only investing £500 speaks volumes. Nobody calls him out either, comments are just full of "yep yep yep" etc bks.
ks. For a first car they're kind of swinging for the fences, that's a lot of money to ask for and there's a good chance they won't meet their goal.
There's also the issue of how much further an F40 can go up in value, if it was near the bottom of it's depreciation curve then the potential up-side is greater; for example people are still writing off Scuderia's and the like, reducing the number of cars on the road and making the others worth more but the remaining F40's are mostly wrapped in cottonwood, at the same time the Scud, Superleggera, Mercialago SV etc are still young enough that the Speciale, Pista, Performante, SVJ launching can impact value.
Also there's the issue of low interest rates, it's not a coincidence that classic and rare supercars started to climb in value post the financial crash, with interest rates down to nothing people started to look for other ways to invest their money and old cars suddenly got a lot more expensive, but central banks have been hinting at interest rate rises for donkeys, if they do start to increase then we could see car values plateau fall, especially because people who finance their purchases may not be able to any more.
That being said, I'm tempted to own a share of the company that owns the car and declare to everyone via a cheap keyring 'My other car is an F40!' and can afford to lose all my money when the lad they pay to wash it bins it into an M25 speed camera
There's also the issue of how much further an F40 can go up in value, if it was near the bottom of it's depreciation curve then the potential up-side is greater; for example people are still writing off Scuderia's and the like, reducing the number of cars on the road and making the others worth more but the remaining F40's are mostly wrapped in cottonwood, at the same time the Scud, Superleggera, Mercialago SV etc are still young enough that the Speciale, Pista, Performante, SVJ launching can impact value.
Also there's the issue of low interest rates, it's not a coincidence that classic and rare supercars started to climb in value post the financial crash, with interest rates down to nothing people started to look for other ways to invest their money and old cars suddenly got a lot more expensive, but central banks have been hinting at interest rate rises for donkeys, if they do start to increase then we could see car values plateau fall, especially because people who finance their purchases may not be able to any more.
That being said, I'm tempted to own a share of the company that owns the car and declare to everyone via a cheap keyring 'My other car is an F40!' and can afford to lose all my money when the lad they pay to wash it bins it into an M25 speed camera
Watched the TGE video. Seems like the next Forex or trader scam or old.
One thing I haven’t seen anywhere is how many shares there are per car.
I’m assuming it’s around 1200 shares for the F40. So if the car went up in value by 10% over 3 years my return would be investment + £100?
That seems pretty poor considering the car will probably be on some form of low interest rate finance whilst the ‘investment capital’ is being used by whoever owns the ltd company to make more money elsewhere.
One thing I haven’t seen anywhere is how many shares there are per car.
I’m assuming it’s around 1200 shares for the F40. So if the car went up in value by 10% over 3 years my return would be investment + £100?
That seems pretty poor considering the car will probably be on some form of low interest rate finance whilst the ‘investment capital’ is being used by whoever owns the ltd company to make more money elsewhere.
Very interesting to see the comments here as predictably I'm being approached by many of these companies at the moment.
I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done. Even just the psychological side is more exciting than shares from a company you have no interest in, although I'm not sure if they are pitching more for the £500 customers or those who will put in £50k (hopefully as part of a larger and more varied portfolio).
Definitely it's a new trend and currently carrying a large amount of hype, but I'm not sure it's on the same level as more traditional gambling for example.
I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done. Even just the psychological side is more exciting than shares from a company you have no interest in, although I'm not sure if they are pitching more for the £500 customers or those who will put in £50k (hopefully as part of a larger and more varied portfolio).
Definitely it's a new trend and currently carrying a large amount of hype, but I'm not sure it's on the same level as more traditional gambling for example.
ashleyman said:
Watched the TGE video. Seems like the next Forex or trader scam or old.
One thing I haven’t seen anywhere is how many shares there are per car.
I’m assuming it’s around 1200 shares for the F40. So if the car went up in value by 10% over 3 years my return would be investment + £100?
That seems pretty poor considering the car will probably be on some form of low interest rate finance whilst the ‘investment capital’ is being used by whoever owns the ltd company to make more money elsewhere.
Surely you would get less than £100? F40s are pretty complex machines. The company would have to store it, insure it and, I suspect, service it. You wonder what the return would be after all that is factored in? One thing I haven’t seen anywhere is how many shares there are per car.
I’m assuming it’s around 1200 shares for the F40. So if the car went up in value by 10% over 3 years my return would be investment + £100?
That seems pretty poor considering the car will probably be on some form of low interest rate finance whilst the ‘investment capital’ is being used by whoever owns the ltd company to make more money elsewhere.
As Tim says though, it would be quite fun to say you have a share in an F40. But as mentioned before, you'd want to invest in a more established company rather than a newly incorporated business with no accounts filed. And while many supercars have soared in value in recent years, the F40 hasn't risen by as much. Despite being a landmark vehicle, Ferrari built too many of them.
Shmee said:
Very interesting to see the comments here as predictably I'm being approached by many of these companies at the moment.
I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done. Even just the psychological side is more exciting than shares from a company you have no interest in, although I'm not sure if they are pitching more for the £500 customers or those who will put in £50k (hopefully as part of a larger and more varied portfolio).
Definitely it's a new trend and currently carrying a large amount of hype, but I'm not sure it's on the same level as more traditional gambling for example.
If I go to the casino and put 5 quid on 34 numbers of 36, there is a very good chance I see my money back plus a little more and a very small chance of getting nothing. How is this different?I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done. Even just the psychological side is more exciting than shares from a company you have no interest in, although I'm not sure if they are pitching more for the £500 customers or those who will put in £50k (hopefully as part of a larger and more varied portfolio).
Definitely it's a new trend and currently carrying a large amount of hype, but I'm not sure it's on the same level as more traditional gambling for example.
Shmee said:
Very interesting to see the comments here as predictably I'm being approached by many of these companies at the moment.
I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done. Even just the psychological side is more exciting than shares from a company you have no interest in, although I'm not sure if they are pitching more for the £500 customers or those who will put in £50k (hopefully as part of a larger and more varied portfolio).
Definitely it's a new trend and currently carrying a large amount of hype, but I'm not sure it's on the same level as more traditional gambling for example.
When are you offering shares in your cars Shmee? I don't necessarily see why so much hostility though. At the end of the day an investment is down to the specific individual's choice, this is not a particularly high risk move akin to others that get PH riled up, and it is quite a fun thing to say that you've done. Even just the psychological side is more exciting than shares from a company you have no interest in, although I'm not sure if they are pitching more for the £500 customers or those who will put in £50k (hopefully as part of a larger and more varied portfolio).
Definitely it's a new trend and currently carrying a large amount of hype, but I'm not sure it's on the same level as more traditional gambling for example.
Shmee said:
So why is gambling OK, and investing in a car a problem?
I never said gambling was OK and investing in a car isn't.5min research before I throw 500 quid away:
An investment company owned by two youths:
https://beta.companieshouse.gov.uk/company/1086174...
https://beta.companieshouse.gov.uk/company/0974884...
One of which is previously an estate agent:
https://uk.linkedin.com/in/jack-bayton-94163312b
And Santon care ltd which Adam is involved with has a history of not filing accounts
https://beta.companieshouse.gov.uk/company/0974884... ---- ACTIVE - with a proposal to strike off
No, thanks!
camshafted said:
ashleyman said:
Watched the TGE video. Seems like the next Forex or trader scam or old.
One thing I haven’t seen anywhere is how many shares there are per car.
I’m assuming it’s around 1200 shares for the F40. So if the car went up in value by 10% over 3 years my return would be investment + £100?
That seems pretty poor considering the car will probably be on some form of low interest rate finance whilst the ‘investment capital’ is being used by whoever owns the ltd company to make more money elsewhere.
Surely you would get less than £100? F40s are pretty complex machines. The company would have to store it, insure it and, I suspect, service it. You wonder what the return would be after all that is factored in? One thing I haven’t seen anywhere is how many shares there are per car.
I’m assuming it’s around 1200 shares for the F40. So if the car went up in value by 10% over 3 years my return would be investment + £100?
That seems pretty poor considering the car will probably be on some form of low interest rate finance whilst the ‘investment capital’ is being used by whoever owns the ltd company to make more money elsewhere.
As Tim says though, it would be quite fun to say you have a share in an F40. But as mentioned before, you'd want to invest in a more established company rather than a newly incorporated business with no accounts filed. And while many supercars have soared in value in recent years, the F40 hasn't risen by as much. Despite being a landmark vehicle, Ferrari built too many of them.
20% return after costs and take off ?!!!??
I should watch the video but has an actual car been secured or is this all speculative ?
ashleyman said:
I was looking at everything whilst on mobile but the desktop website seems to give away much more information.
2500 shares
£500 per share
Estimated storage, maintenance and contingency costs £50,000
Standard Term is 3 years.
Current Funding stands at £54,000.
The bit that’s rather opaque is where are the actual vehicles sourced from.2500 shares
£500 per share
Estimated storage, maintenance and contingency costs £50,000
Standard Term is 3 years.
Current Funding stands at £54,000.
It looks to me that perhaps this is a scheme being put to existing owners allowing them to mortgage parts of their existing collections.
Brooking10 said:
ashleyman said:
I was looking at everything whilst on mobile but the desktop website seems to give away much more information.
2500 shares
£500 per share
Estimated storage, maintenance and contingency costs £50,000
Standard Term is 3 years.
Current Funding stands at £54,000.
The bit that’s rather opaque is where are the actual vehicles sourced from.2500 shares
£500 per share
Estimated storage, maintenance and contingency costs £50,000
Standard Term is 3 years.
Current Funding stands at £54,000.
It looks to me that perhaps this is a scheme being put to existing owners allowing them to mortgage parts of their existing collections.
I don't know how much you could do with it, but in the F40 photos on the website the chassis number is displayed. If anyone can do any digging about that specific car.
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