Rose Bowl debenture scheme

[KK the 2nd]

Anyone taken up the Rose Bowl debenture investment or any views on this? It seems ok and am thinking of investing. Am I missing something?

[sotonjoe]

yes, the funds probably. ;-)

[Weston Saint]

Anyone taken up the Rose Bowl debenture investment or any views on this? It seems ok and am thinking of investing. Am I missing something?

No you are not missing anything.

 

5% interest paid annually but your money is tied up until December 2016 although there is a clause which allows redemption at the end of December 2014.

 

You still have to buy a membership to enjoy the facilities I believe but such facilities will be for debencher holders only. You also get guaranteed tickets for interntionals at cost price.

 

You can invest over the same period in Bank Bonds and get a little higher interest.

 

At 5% you ask what is the catch. Well none really although you lose your money if RoseBowl plc goes bust. How can they pay 5% per annum. Well it would cost them more than that to borrow the money from the financial Institutions.

 

Contact Stuart Robinson at the RoseBowl for full details

 

Warning: I am not employed by the RoseBowl and I do not hold a licence to give financial advice. This is just my opinion

[KK the 2nd]

No you are not missing anything.

 

5% interest paid annually but your money is tied up until December 2016 although there is a clause which allows redemption at the end of December 2014.

 

You still have to buy a membership to enjoy the facilities I believe but such facilities will be for debencher holders only. You also get guaranteed tickets for interntionals at cost price.

 

You can invest over the same period in Bank Bonds and get a little higher interest.

 

At 5% you ask what is the catch. Well none really although you lose your money if RoseBowl plc goes bust. How can they pay 5% per annum. Well it would cost them more than that to borrow the money from the financial Institutions.

 

Contact Stuart Robinson at the RoseBowl for full details

 

Warning: I am not employed by the RoseBowl and I do not hold a licence to give financial advice. This is just my opinion

Thanks thats broadly how I understood it. I will have a look at the Dec 2014 option .. it is being sold as you can get your money out after 4 years. The risk of Rosebowlplc going bust seems remote but you never know .. would have probably said the same about SFC five years ago.