elliotn
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Post by elliotn on Dec 17, 2017 5:34:17 GMT
I would be interested in this and also an option to automatically reinvestment interest/capital repayments. Manually reinvesting is painful at the moment at the small interest level I currently get especially when trying to reinvest it on the secondary market. It feels a smidge embarrassing at some of the low levels of repayment I get - do you hold off reinvesting until you have built up a decent sum or reinvest as soon as you receive a payment and feel a pang of embarrassment at your measly £5-10 offering? Don't be embarrassed at all, I've done less. At the end of the day the buyer doesn't know you, you don't know them and their objective is to sell - all you are doing is helping them to achieve what they want. That said it’s great for the rec if a BH swoops in one go!
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stevio
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Post by stevio on Jan 4, 2018 17:37:52 GMT
Would a experienced AC investor kindly point out the difference in ABs product and the GBBA? It would be a useful comparison but I dont know the AC product well ablrate Thank you for thinking outside the box and offering inventive products Once fully funded, will the queue for entry into these products be visible - ie will we be able to see how quickly we could potentially exit, like the current SM? Auto reinvestment of interest seems popular, I have seen this on other platforms and this AB product, with exit at par and therefore no loss/discount needed to effectively sell out, might be the logical dumping ground for sweeping interest till a lender gets time to review their account. This would also benefit AB filling these loans quicker as there is no manual investment decision needed. Also increasing returns for lenders as well as less time needed to manage. Obviously this should be an opt in/out function overall
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Post by investorman on Jan 4, 2018 18:16:43 GMT
'The Loan is to an SPV which has a number of transaction within that SPV that diversify the loan across a number of transactions'. As long as thats clear then
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blender
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Post by blender on Jan 4, 2018 19:43:08 GMT
'The Loan is to an SPV which has a number of transaction within that SPV that diversify the loan across a number of transactions'. As long as thats clear then Needs to be read in context:
'Single Company Portfolio Loan: ... This loan is a little bit of hybrid between a Single Company Portfolio Loan (SCPL) and a Diversified Portfolio Loan (DPL) as it will be both ...'
New year fun aside, I am looking forward to seeing the details and will hold back a bit on my reluctant plans to place the spare cash in safety at FC.
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Post by ablrate on Jan 5, 2018 13:42:42 GMT
balder - I'd like to be able to select interest to be automatically invested - ablrate will that be possible? - It has been made as a request on portfolio loans.. hopefully will be launched at the same time.GSV3Miac - Me too .. that's the main reason I have been asking for the 'automated product' since forever, although I was expecting something that would automagically invest into the current loan crop. Sweeping up loose cash (especially from amortising loans) is a royal PITA. We have something we started on auto-investing a long time ago that coule make it to the platform soon. We have some issues with SM trading however, its not as easy as first assumed!mesenanna - I would be interested in this and also an option to automatically reinvestment interest/capital repayments. Manually reinvesting is painful at the moment at the small interest level I currently get especially when trying to reinvest it on the secondary market. It feels a smidge embarrassing at some of the low levels of repayment I get - do you hold off reinvesting until you have built up a decent sum or reinvest as soon as you receive a payment and feel a pang of embarrassment at your measly £5-10 offering? LOL - we feel your pain.. and are on it.hazellend - I don't fully understand this. I have a mature loan portfolio spread across 4 sites with approx 2% per loan. How does these loans improve my diversification, or are they more suited to new investors building their portfolios? - the SCPL allows more flexibility for a company, so allows us to brings loans that would not have suited self select and so we would turn them down.
The DPL will have more loans that also don't fit the criteria because they are smaller, short dated etc. These loans would simply not be on the platform and now they will be in a DPL portfolio.elliottm- abl are among the best for loan launch information but are among the worst for existing loan updates. This constant churn of small loans or frequent tranches enjoying the same level of DD as the self-select loans concerns me in terms of continuous resourcing. I do not know how my pubs are doing, or my cars, or my plane, or my pub development, the refurb of my flat-pack buildings etc and now we're going to have far more loans requiring far more frequent monitoring. Mmmm. -To be fair, this is fair feedback, so here is what we are going to do to solve it: We will have a page on each loan that is essentially an update on the companies current posistion. Some of this will be from electronic data that we have now subscribed for and will be coding the API soon.
There will also be manual updates uploaded to the docs section. We are formulating a standard report and will be getting these to the companies concerned soon and uploading them. This is one area where we aim to be second to none, so hopefully soon you will be saying we are among the best for both.stevio - Thank you for thinking outside the box and offering inventive products Once fully funded, will the queue for entry into these products be visible - ie will we be able to see how quickly we could potentially exit, like the current SM? Auto reinvestment of interest seems popular, I have seen this on other platforms and this AB product, with exit at par and therefore no loss/discount needed to effectively sell out, might be the logical dumping ground for sweeping interest till a lender gets time to review their account. This would also benefit AB filling these loans quicker as there is no manual investment decision needed. Also increasing returns for lenders as well as less time needed to manage. Obviously this should be an opt in/out function overall -You are welcome! Yes, the system will tell you how much is in the queue for withdrawal or allocation.
As above we are working on something to sort this.investorman - 'The Loan is to an SPV which has a number of transaction within that SPV that diversify the loan across a number of transactions'. As long as thats clear then - "We will provide further information during the week running up to launch" ... ;-)blender - Needs to be read in context: 'Single Company Portfolio Loan: ... This loan is a little bit of hybrid between a Single Company Portfolio Loan (SCPL) and a Diversified Portfolio Loan (DPL) as it will be both ...' New year fun aside, I am looking forward to seeing the details and will hold back a bit on my reluctant plans to place the spare cash in safety at FC. -More details coming soon... I hope you will not be able to resist!Regards Ablrate
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elliotn
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Post by elliotn on Jan 5, 2018 13:55:28 GMT
Thanks v much for taking the time to address so many q’s, much appreciated!
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hazellend
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Post by hazellend on Jan 5, 2018 14:17:49 GMT
I love Ablrate
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blender
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Post by blender on Jan 5, 2018 14:58:49 GMT
I love Ablrate I'm not sure that love is right in my case. A better word would be an addiction. Most new loans stretch my platform limit further than is rational.
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elliotn
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Post by elliotn on Jan 11, 2018 16:09:48 GMT
ablrate thank you for this opportunity and announcing the borrower so that we can prepare funding: - could you please outline the improvements in the existing security such that the coupon has been reduced by one third from the current loans; - the accounts have deteriorated from 0.5M net liabillities to 0.6M and the note regarding the support of its primary creditor in British Virgin Islands has been removed - as this company is technically insolvent on what basis have the accounts been prepared as a going concern?
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Post by ablrate on Jan 12, 2018 13:25:05 GMT
ablrate thank you for this opportunity and announcing the borrower so that we can prepare funding: - could you please outline the improvements in the existing security such that the coupon has been reduced by one third from the current loans; - the accounts have deteriorated from 0.5M net liabillities to 0.6M and the note regarding the support of its primary creditor in British Virgin Islands has been removed - as this company is technically insolvent on what basis have the accounts been prepared as a going concern? Hi elliotm Obviously we are not going to discuss in detail here, but these will all be covered in the borrowing proposal. Basically, there has been a very big change due to funding and equity partners now involved... all will be revealed. Also, we are now pretty much ready, but we are changing the financial reporting at the same time, so we are targeting the end of next week to be ready to let you see it all and the launch of portfolio loans the following week.
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Post by ablrate on Jan 16, 2018 16:57:59 GMT
Hi All
Sorry we have been a little quiet on this one but we have had our noses to the grindstone. Here is an update:
The new UI is in testing against mobile, tablet and various browsers. All seems to be OK right now. We have a slight delay as we wanted to be able to launch the new financial history section along with the new UI. We are well on the way to completing that and the devs tells us that it should be all done by Friday. If that is the case then we will be final testing over the weekend and launching on Monday/Tuesday.
After launch we will be releasing all the details of the first portfolio loan, with a launch of the initial tranche shortly thereafter.
We also have quite a few loans coming which we have delayed a little to coincide with the launch.
Hope to give you all a firm launch date soon.
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macq
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Post by macq on Jan 16, 2018 17:45:09 GMT
Hi All Sorry we have been a little quiet on this one but we have had our noses to the grindstone. Here is an update: The new UI is in testing against mobile, tablet and various browsers. All seems to be OK right now. We have a slight delay as we wanted to be able to launch the new financial history section along with the new UI. We are well on the way to completing that and the devs tells us that it should be all done by Friday. If that is the case then we will be final testing over the weekend and launching on Monday/Tuesday. After launch we will be releasing all the details of the first portfolio loan, with a launch of the initial tranche shortly thereafter. We also have quite a few loans coming which we have delayed a little to coincide with the launch. Hope to give you all a firm launch date soon. any clues to how many "quite a few loans" adds up to as may need to divert funds (or beer money)
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Post by ablrate on Jan 17, 2018 14:52:43 GMT
We have about £3 million on the way.
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macq
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Post by macq on Jan 17, 2018 15:22:18 GMT
We have about £3 million on the way. Thanks - that's a lot of beer money but the wife's wine money should cover it
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hantsowl
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Post by hantsowl on Jan 24, 2018 14:04:12 GMT
Hi All Sorry we have been a little quiet on this one but we have had our noses to the grindstone. Here is an update: The new UI is in testing against mobile, tablet and various browsers. All seems to be OK right now. We have a slight delay as we wanted to be able to launch the new financial history section along with the new UI. We are well on the way to completing that and the devs tells us that it should be all done by Friday. If that is the case then we will be final testing over the weekend and launching on Monday/Tuesday. After launch we will be releasing all the details of the first portfolio loan, with a launch of the initial tranche shortly thereafter. We also have quite a few loans coming which we have delayed a little to coincide with the launch. Hope to give you all a firm launch date soon. Hi ablrate . Any update on when his will be launched?
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