elliotn
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Post by elliotn on Feb 14, 2018 11:57:04 GMT
I wouldn't wager on any VD extraction; #teamablrate are skiing afaics.
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elliotn
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Post by elliotn on Feb 14, 2018 12:04:14 GMT
Hopefully they will romance us with better than 8% for a partner that has never, ever whispered sweet profits and only just rescued as a continued, indebted lover.
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macq
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Post by macq on Feb 14, 2018 12:18:33 GMT
Hopefully they will romance us with better than 8% for a partner that has never, ever whispered sweet profits and only just rescued as a continued, indebted lover. Guessing you never worked in the greetings card industry
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elliotn
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Post by elliotn on Feb 15, 2018 11:23:16 GMT
Hi ablrate , just to confirm is it viewable 2pm and then biddable 8pm (ie uk investors), thanks?
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indy
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Post by indy on Feb 15, 2018 11:27:26 GMT
Good Morning All, Following receipt of the last piece of information, I am pleased to inform you that we are launching a new self-select (traditional type) loan on the platform today at 2pm. As I mentioned in my email yesterday the Borrower is looking for expansion finance to enable them to develop a number of their current assets, support a strong pipeline of new business with blue chip & government department customers by way of increasing head count, head office expansion as well as support work in progress contracts. Although the Borrower is new to the platform, it is related by way of a connected shareholder to other Ablrate loans, disclosure is made in the Borrowing Proposal. C****** G***** M************ Limited Loan Details: Amount: £750,000 (minimum £500,000) Term: 48 months (24 months minimum term) Rate: 13% - Amortising Security: Debenture over Company and the assets; current & future, Chattel Mortgage over 4 Assets, Director & Shareholder PG's. Instant Returns: Enabled Loan Live: 2pm 15 February 2018 The loan will be in a view only state until 8pm this evening. ablrate does this mean we can bid on the loan at 2pm or 8pm?
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marka
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Post by marka on Feb 15, 2018 11:36:11 GMT
8pm
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ptr120
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Post by ptr120 on Feb 15, 2018 11:45:13 GMT
ablrate this group of companies currently have more than £2 million of loans on the platform if my quick calculation is correct. I'm concerned about their increasing level of debt, and also that more new loans are effectively diluting the security of existing loans. Can you provide any additional comfort in terms of their long-term viability?
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Post by ablrate on Feb 15, 2018 12:44:47 GMT
ablrate this group of companies currently have more than £2 million of loans on the platform if my quick calculation is correct. I'm concerned about their increasing level of debt, and also that more new loans are effectively diluting the security of existing loans. Can you provide any additional comfort in terms of their long-term viability? Probably a good idea to read the document first. That is why we write them
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rgog
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Post by rgog on Feb 15, 2018 13:49:33 GMT
The Borrower is looking for expansion finance to enable them to develop a number of their current assets, support a strong pipeline of new business with blue chip & government department customers by way of increasing head count, head office expansion as well as support work in progress contracts. Not Carillion is it
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hazellend
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Post by hazellend on Feb 15, 2018 14:17:53 GMT
ablrate this group of companies currently have more than £2 million of loans on the platform if my quick calculation is correct. I'm concerned about their increasing level of debt, and also that more new loans are effectively diluting the security of existing loans. Can you provide any additional comfort in terms of their long-term viability? Probably a good idea to read the document first. That is why we write them Along with a "PLEASE READ" notification alongside
Is there a bid limit on this loan?
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rogerbu
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Post by rogerbu on Feb 15, 2018 14:26:09 GMT
The proposal document says >£ to limit of loan. So effectively no limit
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Post by Deleted on Feb 15, 2018 14:37:33 GMT
I especially like the "Please Read" bit
I have only limited legal training, but I suspect that a Chairman has to be a Director (exec or non-exec) and would treated as one by a court of law. Certainly there would have to be very good reasons why the Chair is not a Director and this information should be filed at companies house I think.
Anyone else?
Apart from the spelling mistakes the explanation document is very good. What we need to work out is:- 1) are the offices worth what they claim in an uncertain market for second hand modular properties which would also have encompased the company running out of cash.. To put it more simply, if the conditions were right for the company to go bust would not those same conditions lower the value of second hand buildings? 2) companies famously go bust when they try to grow not when they try to shrink.. is this one of those times?
I like the loan, actually I like the business, but I will be thinking carefully this afternoon and will need to push the claret away at 8 to bid... tut, who works after 6?
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slush
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Here to learn. Please be gentle.
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Post by slush on Feb 15, 2018 14:38:04 GMT
"Total Loan Required: £ 750,000 (minimum £500,000)"
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madpierre
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Post by madpierre on Feb 15, 2018 14:58:59 GMT
ablrate this group of companies currently have more than £2 million of loans on the platform if my quick calculation is correct. I'm concerned about their increasing level of debt, and also that more new loans are effectively diluting the security of existing loans. Can you provide any additional comfort in terms of their long-term viability? Probably a good idea to read the document first. That is why we write them The use of conspicuously supercilious phrasing is not one of the finest attributes of Albrate
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 15, 2018 15:28:56 GMT
Probably a good idea to read the document first. That is why we write them The use of conspicuously supercilious phrasing is not one of the finest attributes of Albrate Maybe the cracks that are now showing are actually chasms hence the terse response to suppliers of capital lenders👿 I hope not.
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