So good they invested twice
We launched the first Pocket bond on Crowdcube back in March 2015, offering 7.5% interest over a four year term, and we quickly achieved our funding goal. Our second bond, the Pocket Land Bond, launched last week and we are already 10% funded, thanks to a good level of repeat investment. We are very grateful to those who show continued support for Pocket, and we contacted a couple of our ‘double-investors’ to find out what it was that attracted them to the Pocket bond – twice.
Lisa Duke is a business education specialist who operates from her base in Switzerland:
“I liked the Pocket bond opportunity not only because I think a bond is good for the regular dividend to spread my risk but also because of the nature of your company and its longevity – 10 years means you know what you are doing and are unlikely to do anything stupid, so while there is still risk on the other hand you aren’t a fly by night organisation. Also, given that I can’t afford to buy a flat in London (well not where I’d like to be anyway) I do feel somewhat emotionally tied to your business objectives, which are admirable.”
Chris Harrison is a retired small investor who likes to have control over his portfolio:
“I have money in fixed interest, in the stock market, in gold and in property – all in a small way. I spread things but tend to think for myself and am too pig headed to take much advice. More, I don’t trust financial advice.
Pocket appeals to me as I think that you are tackling a genuine need for starter homes in London for young people who desperately need them. It is an innovatory approach, e.g no garage, construction methods etc. For me, much too often companies start with something which interests them and try to sell the idea to the public. Your business starts with a need and has looked at a way of fulfilling it.”
The Pocket Land Bond launched just after the announcement of London Help to Buy in the Government’s spending review, and just as the Help to Buy ISA went live. Intermediate Housing is an active sector at the moment, and we welcome all investors, new and existing, to join Pocket in helping to make London more affordable to the people who make our city tick. If you’re interested in investing, you can find full details on our Crowdcube pitch page, which also includes a forum where you can ask any questions you have about our business and the details of the bond. You can also watch a film which explains our reasons for launching the bond.
Bonds can be unsecured, non-convertible and non-transferable. Interest payments are pre-tax and not guaranteed. Your bond investment will not be covered by the Financial Services Compensation Scheme. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Approved as a financial promotion by Crowdcube Capital Limited which is authorised and regulated by the Financial Conduct Authority (No. 650205).