SteveT
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Post by SteveT on Dec 13, 2017 11:57:46 GMT
Condor have (intermittently) been operating a wave-piercing high-speed ferry (the Condor Liberation) between Poole and Guernsey for the last couple of years. By all accounts, passengers love it on calm days (when it hasn't broken down, at least) but the ride when it's rough is truly stomach-churning!
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Post by Deleted on Dec 13, 2017 12:49:02 GMT
I forgot Condor, I used to know the FD, they ran the same ferries between North and South Island in NZ (and around Auckland harbour all year) but again only in the summer months. Great point.
I took them a few times and I don't think it is much more that a catamarin with water-jet propulsion, not true wave-piercing hulls.
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rgog
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Post by rgog on Dec 13, 2017 17:07:31 GMT
I have thought long and hard about this one, my heart finds it appealing but head has said categorically no! So I will not be investing in this one (or possibly a £1.00 just to keep track of it?).
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greenslime
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Post by greenslime on Dec 13, 2017 18:57:19 GMT
I have thought long and hard about this one, my heart finds it appealing but head has said categorically no! So I will not be investing in this one (or possibly a £1.00 just to keep track of it?). Ditto. A really beautiful rich man's toy, but not a poor man's investment ....
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alanp
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Post by alanp on Dec 13, 2017 20:54:10 GMT
I have thought long and hard about this one, my heart finds it appealing but head has said categorically no! So I will not be investing in this one (or possibly a £1.00 just to keep track of it?). Ditto. A really beautiful rich man's toy, but not a poor man's investment .... I'm in for a quid - just to see how it goes. Looks gorgeous, but.......
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Post by investorman on Dec 13, 2017 21:04:43 GMT
Blind optimism, but, it looks great, and if you are a buyer at the Monaco boat show, it is small change at £1m. Some of the other toys in the valuation report were much more pricey.
I think they will sell some. But would prefer to be buying some equity as others have stated.
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Post by df on Dec 14, 2017 0:13:41 GMT
It looks like pictures of a fancy boat didn't do a trick. Not very popular - 20.8% filled up whilst almost twice the size fourth loan to the same borrower rival is at 72.1% towards completion.
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Nomad
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Post by Nomad on Dec 23, 2017 3:14:01 GMT
It looks like pictures of a fancy boat didn't do a trick. Not very popular - 20.8% filled up whilst almost twice the size fourth loan to the same borrower rival is at 72.1% towards completion. Still not half way to the minimum take-up of 300K and there are now two alternative offerings available on the platform...
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KoR_Wraith
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Post by KoR_Wraith on Dec 23, 2017 8:10:57 GMT
At this point I don't see much chance of this filling through normal funding methods. I suspect they'll have to lower the funding minimum, underwrite, or pull the loan.
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blender
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Post by blender on Dec 23, 2017 9:20:17 GMT
If the Ablrate lenders do not consider this loan a suitable addition to the platform, then that judgment might be respected. The problem is that the value of the security is tied up with the success of the business, and they should be equity funding. Imo we are asked to take a venture-capital risk with a loan return. The first purpose of the funding is to release a £200k loan from an individual who may or may not invest that as equity. There is not much point in reducing the Ablrate loan to £200k and possibly leaving the business without any cash to promote the product. If that person was transferring loan to equity, as part of the agreement, then it would be better.
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Post by investorman on Jan 3, 2018 17:55:18 GMT
This is looking unlikely to meet its minimum investment currently.
Has this happend before on Ablrate? Do we know how quickly money is returned to reinvest?
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macq
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Post by macq on Jan 3, 2018 18:17:27 GMT
think many see it more as an equity product but i still think at 14% it would have gone
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hector
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Post by hector on Jan 3, 2018 22:00:15 GMT
think many see it more as an equity product but i still think at 14% it would have gone I think you are correct on both points. So what does that make us, prepared to change from "canny" investors to gambler punters for the sake of just 2%?
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macq
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Post by macq on Jan 3, 2018 22:09:55 GMT
think many see it more as an equity product but i still think at 14% it would have gone I think you are correct on both points. So what does that make us, prepared to change from "canny" investors to gambler punters for the sake of just 2%? think i will go with yes on that one!! - but it still looks more risky then some other recent loans offering more which may have played into peoples decision.In the long run also not sure at this % rate people could see a profit on the SM
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elliotn
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Post by elliotn on Jan 4, 2018 3:17:36 GMT
This is looking unlikely to meet its minimum investment currently. Has this happend before on Ablrate? Do we know how quickly money is returned to reinvest? An email should be sent in the final week of remaining listing days reminding us of the available opportunity, if it fails to reach the minimum expect funds to follow shortly, say, by next working day latest as abl will have teed this up (probably with the instant returns at the same time).
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