Debate Magazine

Making Sense of Numbers (green C**p Edition)...

Posted on the 17 August 2016 by Markwadsworth @Mark_Wadsworth
The table below is the projected income statement from a 'community' hydro-electric project doing the rounds in Aberdeen.  Do have a glance at the whole prospectus here.
Making sense of numbers (green c**p edition)... I checked the 7% claim by putting the payments schedule into an APR calculator and it checks out.  But the payments to investors are backloaded, the £500k share capital (the opportunity being promoted) is obviously being used to repay earlier backers.  They are in a hurry to get it commissioned before mid September when the FIT reduces by about two thirds or so.
Now I'm presuming the "£400,00" in column one is a misprint for "£400,000" and "£500,00" for "£500,000".  And I reckon the bank closing balance at the bottom of column one is supposed to say "£400,000" and not "£500,000" otherwise £100k just disappears.  So the typos, as careless as they are, aren't the issue.
I'm trying to work out what the 'scam' is, because it's bound to be a scam.  As far as I can see, this hydro thing is basically being 'flipped' onto members of public in the form of untradeable illiquid securities that promise to start paying out profitably in a decades time, once another tier of debt investors have been paid back, and once the FIT and leecy prices have grown at a compounded 2%/2.5%.
Anyone else?

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Happiness Is... Believing in Yourself

    Happiness Is... Believing Yourself

    In the blink of an eye, we've come to the last quarter of 2018. How amazing does time pass us by, right? The year end is always a very busy time for me and... Read more

    The 14 October 2018 by   A Happy Mum
  • Early Autumn in the Front Garden

    Early Autumn Front Garden

    When I posted at the end of September I included a photo of the front garden, which I rarely post pictures of. One of my readers suggested that I post more ofte... Read more

    The 14 October 2018 by   Patientgardener
  • 6 Tips On How To Pass Post UTME

    Since institutions have been given the autonomy to carry out post UTME examination, to be on a safer side you are advised to start preparing for the exam. Read more

    The 14 October 2018 by   Naijapary
  • After 11years Of Dating, Man Takes His Girlfriend to Santorini to Propose, See...

    After 11years Dating, Takes Girlfriend Santorini Propose, Reply Gave (Photos)

    11Years? I Cannot imagine myself dating a lady for so long, I mean what are we gonna be doing all those years. But well, This man doesn’t seem like its a big... Read more

    The 14 October 2018 by   Naijapary
  • NYT Celebrates Our Kansas City Chiefs Today

    Celebrates Kansas City Chiefs Today

    Yes sir, the one and only New York Times has a very prominent, front sports page article on our own Kansas City Chiefs, our Patrick Mahomes and how we naturally... Read more

    The 14 October 2018 by   Morage
  • SEPECAT Jaguar E

    SEPECAT Jaguar

    @Le Bourget, France December 2016 Among the outdoor exhibits of the Musée de l’air et de l’espace is this Jaguar E.  The E variant was a two-seat training... Read more

    The 14 October 2018 by   Htam
  • Businesses Need Employee Engagement More Than Process

    Businesses Need Employee Engagement More Than Process

    The days of leadership without engagement are gone. With interactive social media and video everywhere, everyone needs to feel they have a relationship with... Read more

    The 14 October 2018 by   Martin Zwilling