Short seller Viceroy Research launches attack on landlord for homeless - Tipblogg

Short seller Viceroy Research launches attack on landlord for homeless

Notorious UK brief seller Viceroy Research launches attack on landlord for homeless Home Reit

A blazing row has damaged out between one of many nation’s most infamous brief sellers and a landlord that gives housing for the homeless.

Shares in FTSE 250 listed Home Reit plummeted almost 20 per cent after brief seller Viceroy Research launched an attack on the corporate, making allegations about its monetary stability.

Viceroy is run by British brief seller Fraser Perring, who accused Wirecard of fraud years earlier than the German cost processing firm’s collapse.

Under attack: Landlord Home Reit works with many charities to provide accommodation for homeless people

Under attack: Landlord Home Reit works with many charities to supply lodging for homeless folks 

Perring additionally took intention at Tesla this yr, shorting the inventory in January, claiming that the automobile maker is overvalued in contrast with Toyota and Volkswagen. Tesla inventory has since fallen by 50 per cent.

In a 27-page report referred to as No Place Like Home REIT . . . Thankfully, Perring questions the corporate’s enterprise mannequin and its skill to gather lease from its tenants.

It alleges lots of the tenants Home Reit works with – most of that are charities – to supply lodging for the homeless ‘cannot afford rent, have not been paying rent, are in administration, are run by bad actors, or simply do not provide social housing services’.

The report concludes: ‘Home Reit’s tenants elevate questions in regards to the monetary viability of Home Reit’s portfolio, and likewise in regards to the appropriateness of this enterprise. 

We strongly consider that these will not be the individuals who ought to be entrusted to take care of the susceptible, nor ought to they be entrusted along with your taxes to take action.’

But Home Reit mentioned the report was ‘inaccurate and misleading’, including it was not approached earlier than the report was issued.

A spokesman mentioned: ‘The company will publish a full and detailed response demonstrating the factual inaccuracies and selective use of information in due course.’

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