eeyore
Member of DD Central
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Post by eeyore on Dec 23, 2017 12:54:33 GMT
.... the two owners of the planes are distinct ie A******** is a Lithuanian cargo airline. Yes, the web of ultimate ownership, leases, registration, operation and maintenance certainly looks complex, but is that unusual in the world of aviation finance? What caught my eye in the valuation reports was the comment about these aircraft being too noisy and thirsty for operators outside eastern Europe, central Asia and Africa ("Market Overview" section on page 4 of both reports). Why would these aircraft be attractive to this operator but not to others in western Europe?
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bazoftsrevenge
My glass is neither half full or half empty it is simply twice the size it needs to be.
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Post by bazoftsrevenge on Dec 23, 2017 14:24:06 GMT
Put enough in my account for 2 loans last night. Feel this one is too risky so put it all on the Generators.
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sjg
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Post by sjg on Dec 23, 2017 16:42:05 GMT
Put enough in my account for 2 loans last night. Feel this one is too risky so put it all on the Generators. I was going to have a very small nibble on both (a very sh) so not that it amounts to much but I will blame you for not getting part of the generator loan as you took my part 😀. M3 and M25 when it went live. Still some left of the aircraft if I want it though!!
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Post by elephantrosie on Dec 23, 2017 18:02:31 GMT
is there a bid limit on this
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archie
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Post by archie on Dec 23, 2017 18:05:11 GMT
is there a bid limit on this No, due to the large size there are no bid limits.
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elliotn
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Post by elliotn on Dec 24, 2017 17:10:58 GMT
is there a bid limit on this Per email, no.
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sapphire
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Post by sapphire on Dec 26, 2017 10:41:51 GMT
Although some of the other recent Ablrate loan proposals have specified the net worth of the personal guarantor(s), this one doesn't appear to. Hope I have not missed it in the small print? Whilst I realise a PG could be of limited value ( p2pindependentforum.com/thread/11113/significance-personal-guarantee-lending-limit ), I think its still useful to know the net worth to assess its significance e.g. its multiple to the loan amount and to what extent the borrower has his skin in the game.
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Post by ladywhitenap on Jan 9, 2018 9:48:17 GMT
Should I be concerned?
I looked this loan through when it first appeared. Seemed reasonable to my, maybe untrained, eye so I took a punt.
However it seems to be filling rather slowly so I wonder if it is less attractive that I thought or is it a post Christmas cash flow problem with lenders?
LW
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hector
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Post by hector on Jan 9, 2018 11:14:31 GMT
Although some of the other recent Ablrate loan proposals have specified the net worth of the personal guarantor(s), this one doesn't appear to. Hope I have not missed it in the small print? Whilst I realise a PG could be of limited value ( p2pindependentforum.com/thread/11113/significance-personal-guarantee-lending-limit ), I think its still useful to know the net worth to assess its significance e.g. its multiple to the loan amount and to what extent the borrower has his skin in the game. Having watched yesterday evenings Panorama (see also General Discussions P2P, item - Bankrupts enjoy 'lavish lifestyles') it would appear perhaps that PGs provided by bankrupts might have most substance? Surprised that our friend from Somerset with the Tin Shed & many other assets didn't have star billing on the programme. Perhaps there will be a squeal........
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andy1
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Post by andy1 on Jan 9, 2018 11:30:04 GMT
Should I be concerned? I looked this loan through when it first appeared. Seemed reasonable to my, maybe untrained, eye so I took a punt. However it seems to be filling rather slowly so I wonder if it is less attractive that I thought or is it a post Christmas cash flow problem with lenders? LW It tempted me to put a bit in after a brief pause for thought. They seem to have a plausible plan to go and make some money at least. Far more tempting than the guys with a weird boat that maybe somebody, somewhere with more money than sense might want to buy at a price we don't quite know.
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marka
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Post by marka on Jan 9, 2018 11:39:06 GMT
Should I be concerned? I looked this loan through when it first appeared. Seemed reasonable to my, maybe untrained, eye so I took a punt. However it seems to be filling rather slowly so I wonder if it is less attractive that I thought or is it a post Christmas cash flow problem with lenders? LW I wasn't over enamoured with this one, but didn't write it off totally like the current boat one. Hence I haven't invested any new money in it, but am sweeping interest payments into it for as long as its available.
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blender
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Post by blender on Jan 9, 2018 13:00:53 GMT
I'll not say any more about the boat, except that I wish it were not competing for aircraft funds. The aircraft loan has another 14 days to go, and perhaps some wealthy white knights are waiting to swoop down at the end if needed. I like this one, and have put the cash where the mouth is, for two reasons. Firstly, it is a real and worthy business project that is understandable, socially useful, and does not break new ground - with the attendant risks. Secondly, it is aviation finance, and this plays straight into the wealth of knowledge and experience in Ablrate. Of course I will not expect Ablrate to know whether the underlying business proposition is going to work, though at least it is in their field. But on the important security aspect, I do expect Ablrate to know their aircraft, and to have a handle on the current and future projected value of existing aircraft (don't mention the boat, blender!). If an Ablrate secured air freight loan goes south and leaves us with poor security, then that is not going to look good for the aviation finance specialists. And 13% amortising looks OK to me, not 12% interest only (stoppit now!).
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blender
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Post by blender on Jan 9, 2018 15:37:33 GMT
Is he keeping pigs in the 'tin sheds'? I wish I had a pound in the lost loan just to get the updates. (cue bacon-related puns).
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 9, 2018 15:50:50 GMT
Is he keeping pigs in the 'tin sheds'? I wish I had a pound in the lost loan just to get the updates. (cue bacon-related puns). Yes, he does have somewhat of a streaky past, if I may be so rash. Or more a case of out of the fire into the frying pan. OK, OK no more
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Post by ladywhitenap on Jan 9, 2018 19:13:56 GMT
Should I be concerned? I looked this loan through when it first appeared. Seemed reasonable to my, maybe untrained, eye so I took a punt. However it seems to be filling rather slowly so I wonder if it is less attractive that I thought or is it a post Christmas cash flow problem with lenders? LW I wasn't over enamoured with this one, but didn't write it off totally like the current boat one. Hence I haven't invested any new money in it, but am sweeping interest payments into it for as long as its available. Yes that is the way I'm funding it. Interest from the main account into the IFISA and then into 94. LW
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