guff
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Post by guff on Nov 13, 2017 17:08:12 GMT
I am confused. I think that what is meant is that Googling the borrower's name produces some links, the topmost of which is an article in the Mirror. Lets try this way. You would expect somebody with three pubs to have spent time behind bars, serving drinks obviously Is he called Schrödinger?
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Post by Badly Drawn Stickman on Nov 13, 2017 17:26:00 GMT
Lets try this way. You would expect somebody with three pubs to have spent time behind bars, serving drinks obviously Is he called Schrödinger? No. But if he was there would be no need to open the box. This theoretical cat is dead.
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registerme
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Post by registerme on Nov 13, 2017 17:49:38 GMT
I'm not keen on the structure . As it stands the amortising nature of the 15% second charge loan does nothing to improve the security of the first charge loan. Likewise the fixed / bullet repayment nature of the 12% first charge loan does nothing to improve the security of the second charge loan. Had it been the other way around, with a lower rate amortising first charge loan, then as it paid off it would have improved the security of both loans, including a higher rate fixed interest bullet repayment second charge loan. I might have had a piece of that.
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Post by investorman on Nov 13, 2017 18:05:33 GMT
Nothing like a side line to increase profitability.
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sirius
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Post by sirius on Nov 13, 2017 18:09:36 GMT
Yes, registerme, definitely a**e about face.
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sirius
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Post by sirius on Nov 13, 2017 18:12:00 GMT
investorman, I like the double meaning.........'side line' indeed!
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macq
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Post by macq on Nov 13, 2017 18:14:15 GMT
its all well and good with all the cryptic clues but should the info on page 9 not be complete anyway?
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Post by supernumerary on Nov 13, 2017 18:36:38 GMT
its all well and good with all the cryptic clues but should the info on page 9 not be complete anyway? macq, BOTH investorman and Sirius are members of DD Central… So am I, as I joined earlier today. macq, you currently have over 400 posts, so you can join DD Central and I would advise anybody else to register, who has over 50 posts. Personally, I will pass, on investing in this loan.
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james100
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Post by james100 on Nov 13, 2017 18:39:17 GMT
26 minutes ago macq said:
its all well and good with all the cryptic clues but should the info on page 9 not be complete anyway?
Well, it is seemingly autobiographical, has a lot of relevant info and enough detail that anyone sufficiently interested could inform themself as thoroughly as required. So much so in fact that I assume that both abl and the borrower fully expected the complete background to be as good as written out. Because of this, I don't mind that it was not included at all...not saying I'll be partaking though.
Also, I found the judgmental tone of line 1 of para 2 mildly hilarious.
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Post by GSV3MIaC on Nov 13, 2017 18:41:18 GMT
I'm not keen on the structure . As it stands the amortising nature of the 15% second charge loan does nothing to improve the security of the first charge loan. Likewise the fixed / bullet repayment nature of the 12% first charge loan does nothing to improve the security of the second charge loan. Had it been the other way around, with a lower rate amortising first charge loan, then as it paid off it would have improved the security of both loans, including a higher rate fixed interest bullet repayment second charge loan. I might have had a piece of that. I guess the proposal is that the 12% bullet loan is bullet-proof (sorry!) anyway, hence the lower rate. Whether 15% is enough extra for the extra 2nd charge risk is arguable, although in the last month (assuming it goes that far) it'd be a pretty tasty uplift for little extra risk. I think I'll probably have some anyway, on the assumption the borrower has kept himself out of trouble for a few years now.
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greenslime
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Post by greenslime on Nov 13, 2017 18:42:46 GMT
Thanks again to Ablrate for setting up things so that there's time to have a think before investing or, in this case, not.
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fasty
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Post by fasty on Nov 13, 2017 18:47:37 GMT
Nothing like a side line to increase profitability. An opportunity not to be sniffed at ?
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Post by investorman on Nov 13, 2017 18:51:04 GMT
its all well and good with all the cryptic clues but should the info on page 9 not be complete anyway? macq, BOTH investorman and Sirius are members of DD Central… So am I, as I joined earlier today. macq, you currently have over 400 posts, so you can join DD Central and I would advise anybody else to register, who has over 50 posts. Personally, I will pass, on investing in this loan. I have not yet met the magical threshold, but I caught up thanks to others in this thread. In all seriousness, there are a lot of negatives with this one, that being said he seems to have turned the other two pubs into profit but are those figures audited or just from the borrower?
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macq
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Post by macq on Nov 13, 2017 18:56:35 GMT
26 minutes ago macq said: its all well and good with all the cryptic clues but should the info on page 9 not be complete anyway?
Well, it is seemingly autobiographical, has a lot of relevant info and enough detail that anyone sufficiently interested could inform themself as thoroughly as required. So much so in fact that I assume that both abl and the borrower fully expected the complete background to be as good as written out. Because of this, I don't mind that it was not included at all...not saying I'll be partaking though. Also, I found the judgmental tone of line 1 of para 2 mildly hilarious. True there is enough info but in that case they may as well have mentioned everything rather then missing it out
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Post by westcountry on Nov 13, 2017 18:59:37 GMT
I have not yet met the magical threshold, but I caught up thanks to others in this thread. In all seriousness, there are a lot of negatives with this one, that being said he seems to have turned the other two pubs into profit but are those figures audited or just from the borrower? investorman, I did notice reading the borrowing proposal that this new pub is trading with a gross profit margin of 66%, while the borrower's other two pubs have gross margins of 42% and 43%. I'm not investing in the loan, but those figures do puzzle me - whether the gross profit margin for the new pub is likely to decrease over time to be nearer those of the other two pubs.
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