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Nightwish taking over

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Wolley
3 hours ago, Harry Brown said:

 

I remember very well what it was like, and sure there were some good times but Instill don't think we're missing much.  maybe your MO was different to mine?  I like to go inland select a short time, which I can still do so it does not really affect me, It is probably a bit noisier but I swerve all that and there are some bars on the six where you het the old style service so something for all.

I think the old Sky bar is owned but the Liquid Group not NWG.

The previous owner Jason  was the one who opened up the shop front, he had plans for the place and as much as I liked Jason one of his plans just made the mind boggle? ( never came to fruition) I don't think you would've liked it.

 

I do believe Skeeter opened the shop front when they bought Red Light bar next door.

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malone
2 hours ago, George1234 said:

If it were the case that the majority would prefer the old way of operation, why hasn’t somebody opened up a few bars and operated them as such? Surely it would do great business? Genuine question.

actually that is a good question...
but being a guest in a bar and running one are two very different pairs of shoes for sure.
plus the times when running a bar in thailand would make you loads of money are probably over.

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George1234
1 hour ago, malone said:

actually that is a good question...
but being a guest in a bar and running one are two very different pairs of shoes for sure. plus the times when running a bar in thailand would make you loads of money are probably over.

That is why people should temper views on bars - what you want isn’t necessarily viable.

The reason why there isn’t a bar with the best looking girls, offering greatest service, supplying the best quality drinks and all at the lowest prices -  is because that isn’t possible. Everything is a compromise.

So Soi Six in its current form is a compromise and in my opinion a good one. I have yet to see anybody suggest a better one that isn’t in the realms of cloud cuckoo land.

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Bawdy
On 14/09/2019 at 15:55, whitespider said:

This is the point that many people forget.

Yes, there are many of us, me included, who miss the old days but the fact is 7/8 years ago Soi 6 was dying on its arse - that's why Laamok started the "Save Soi 6" campaign and, as a consequence of that campaign, bought his first bar.

It is a simple fact that if the Soi had not changed it would almost certainly be gone by now. Its a simple question of a NEW Soi 6 or NO Soi 6 at all.

Skeeter was also part of that campaign, thanks for all that you did for Soi 6 Skeeter.

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Loranga

Since I don't know anything about Nightwish, I searched the web and found this.
Maybe others who don't know anything about them can read what they write about their business.

https://nightwish-group.com/investing/

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sinbad5
23 minutes ago, Bawdy said:

Skeeter was also part of that campaign, thanks for all that you did for Soi 6 Skeeter.

Ronbo sends his regards.  

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iLoveit
On 15/09/2019 at 23:06, petemoss said:

I think it was Skeeters that iLoveit referred to having it's own little community. Big loss to the soi when he legged it. Had some serious sessions in there. He certainly knew how to run a bar.......into the ground! 555. Never visited it when Jason owned it.

No , I was referring to Jason. I never went in there when Skeeter owned it. 

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BlooBell
On 15/09/2019 at 21:33, jollygumpster said:

https://nightwish-group.com/investing/ - do they have investors in the poon bars? if so,  are they getting 12-15%? 

 

It’s unclear whether you’d be investing in a particular bar or if it’s a pooled investment. I imagine it’s the latter. It would be a hard pitch to a new investor for them to be exposed to the performance of one bar and not to have the group’s overall success supporting their investment. 

Sounds like a very aggressive expansion plan at 1 or 2 bars each month. They’re also targeting the Asian market which seems sensible. 

Its interesting that they report a high profit margin. I’m surprised they’ve been as open about that against a backdrop of rising costs for the punter. 

In some ways it’s a decent pitch, grammar and repeat paragraphs aside,  but it claims to offer a fixed income of 12-15%. It’s unclear if/how this is guaranteed and what risk an investors capital is exposed to. 

Im sure they’ll have some takers. 

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fostraswift
14 minutes ago, Bawdy said:

One way to spot a scam is bad grammer, like those Nigerian scam e-mails.

need to get into that business myself:P

https://www.bbc.com/news/av/world-africa-39595809/inside-the-nigerian-flat-full-of-cash-in-lagos

 

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FarangKiNok
4 hours ago, BlooBell said:

It’s unclear whether you’d be investing in a particular bar or if it’s a pooled investment. I imagine it’s the latter. It would be a hard pitch to a new investor for them to be exposed to the performance of one bar and not to have the group’s overall success supporting their investment. 

Sounds like a very aggressive expansion plan at 1 or 2 bars each month. They’re also targeting the Asian market which seems sensible. 

Its interesting that they report a high profit margin. I’m surprised they’ve been as open about that against a backdrop of rising costs for the punter. 

In some ways it’s a decent pitch, grammar and repeat paragraphs aside,  but it claims to offer a fixed income of 12-15%. It’s unclear if/how this is guaranteed and what risk an investors capital is exposed to. 

Im sure they’ll have some takers. 

15% annually is very handsome returns. So much so that this group must make descent bank. You get a stake in a bar without the work and hassle. 5 years and half your investment is returned under the guarantee.

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taylor1975
29 minutes ago, FarangKiNok said:

15% annually is very handsome returns. So much so that this group must make descent bank. You get a stake in a bar without the work and hassle. 5 years and half your investment is returned under the guarantee.

Not referring to NWG at all ....but its easy to return the capital as interest payments in the first few years, in the hope that you will make a profit in the future! 

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underbelly
48 minutes ago, taylor1975 said:

Not referring to NWG at all ....but its easy to return the capital as interest payments in the first few years, in the hope that you will make a profit in the future! 

or achieve capital growth to meet your service commitments. Don't let the Geni out of the bottle Spartacus.

So the forum is owned by Bryan.

 

 

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soi6falang

Nightwish can you please close your bars at 3am rather than 1am so when Im finished playing with the Windmill girls I can come there and unload my dirty water all over one of your girls?

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rob63
5 hours ago, FarangKiNok said:

15% annually is very handsome returns. So much so that this group must make descent bank. You get a stake in a bar without the work and hassle. 5 years and half your investment is returned under the guarantee.

If the business is that great, why aren't they getting cheaper loans from the banks? If something looks too good to be true.........

Anyway, bets luck to the dude

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taylor1975
1 hour ago, rob63 said:

If the business is that great, why aren't they getting cheaper loans from the banks? If something looks too good to be true.........

Anyway, bets luck to the dude

Because of the nature of their business. 

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SirL

In banker terms, I guess the reasons bank loans are difficult to come by are 

- lack of audited financial statements.  Bankers love financial numbers they can rely on.  Spreadsheets that some guy did on his home PC ain't worth zip.

- legal risks that mean NWs business might be hit hard by policing/political changes.

- the bars are mainly in short leasehold properties, and there isn't enough comfort for bankers that the leases would be renewed on similar terms.

ie the nature of the business, but it's not a moral thing, it's a practical financial thing.  Actually I think 15% return isn't enough for the risks involved.

Edited by SirL

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Pheat
1 minute ago, SirL said:

ie the nature of the business.  Actually I think 15% return isn't enough for the risks involved.

So do you think the risk of losing the investment is much higher than 15%?

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SirL
Just now, Pheat said:

So do you think the risk of losing the investment is much higher than 15%?

I'd prefer not to discuss this sort of thing in more detail here, someone would get upset.  Remember who the owner of the forum apparently is.  I thought about the offer when it originally emerged, and chose to do nothing.

Strictly speaking, it's not that I think the chance of losing the investment is greater than 15% anyway.  In the past I've happily taken on investment opportunities where the risk of failure was greater than 15%, but success looked likely to be very well rewarded.  This isn't an equity stake, this is just a loan.

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Pheat
3 minutes ago, SirL said:

This isn't an equity stake, this is just a loan.

Yep I just read the information from the link earlier in the thread to the NWG investment page

Deffo just a loan no equity 

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webDev

Do you guys think consolidation of the bar industry by Nightwish and the other groups will eventually harm the scene?

I feel like if you have a really tightly run Western operation, that could suck much of the life out of Pattaya. Witness the 2 tier bar fine system already used on Soi 6 (under a seemingly sensible -- but still unfortunate premise).

Devils Den also charges you down to the hour for outcall. Just like a Western escort agency.

Anyways those are my thoughts. Maybe I'm not giving them enough credit for coaxing new girls into the scene or something else. 

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SirL
Just now, Pheat said:

Yep I just read the information from the link earlier in the thread to the NWG investment page

Deffo just a loan no equity 

Yes, the statement above that

12 hours ago, FarangKiNok said:

You get a stake in a bar without the work and hassle. 5 years and half your investment is returned under the guarantee.

seems mistaken.  You don't get an equity stake in the bars AIUI through this loan offer.  And what's any guarantee worth if business isn't good for whatever reason?

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taylor1975
3 minutes ago, SirL said:

I'd prefer not to discuss this sort of thing in more detail here, someone would get upset.  Remember who the owner of the forum apparently is.  I thought about the offer when it originally emerged, and chose to do nothing.

Strictly speaking, it's not that I think the chance of losing the investment is greater than 15% anyway.  In the past I've happily taken on investment opportunities where the risk of failure was greater than 15%, but success looked likely to be very well rewarded.  This isn't an equity stake, this is just a loan.

Without seeing any financials or knowing anything about how NWG is run, wouldn't it be reasonable to say its impossible to risk assess? Not like there would be industry sector benchmarks either!

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SirL
1 minute ago, webDev said:

Do you guys think consolidation of the bar industry by Nightwish and the other groups will eventually harm the scene?

No, there are thousands of bars out there in Pattaya, and if guys really didn't like the NW bar format they'd vote with their feet.  They don't seem to be doing so, NW appears to be one of the more successful businesses out there.

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SirL
6 minutes ago, taylor1975 said:

Without seeing any financials or knowing anything about how NWG is run, wouldn't it be reasonable to say its impossible to risk assess? 

Correct, there's no way any serious banker will Touch it without audited financial statements, and my guess is that they don't exist.  

If you're talking Dragons Den style venture capital, then the returns for success would need to be much higher than 15% or so.

Edited by SirL

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