goopy
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Post by goopy on Dec 4, 2018 10:01:47 GMT
We are not anticipating any issues.n We have received a detailed response from the borrowers and will be sharing that soon. Almost a week since you received a detailed response from the borrower. When are we likely to be getting an update on the situation? Well over a week now. I have invested in these loans since your last post ablrate in anticipation of the intimated rosy update. Is the detailed response likely to be shared any time soon?
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TitoPuente
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Post by TitoPuente on Dec 8, 2018 12:56:09 GMT
We are not anticipating any issues.n We have received a detailed response from the borrowers and will be sharing that soon. How difficult is to post a brief reassuring update? Unless the update is not reassuring.
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macq
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Post by macq on Dec 8, 2018 13:13:08 GMT
We are not anticipating any issues.n We have received a detailed response from the borrowers and will be sharing that soon. How difficult is to post a brief reassuring update? Unless the update is not reassuring. If 1000101 is of interest it had a doc/admin update this week i believe as per an email
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blender
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Post by blender on Dec 8, 2018 13:56:55 GMT
And 109. In the documents there is a press release dated Dec18 and a commentary on the market issues dated Nov18
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TitoPuente
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Post by TitoPuente on Dec 9, 2018 13:09:17 GMT
Nothing on 111 and 113 that depend on Capacity Market payments (Both 101 and 109 are reportedly viable without the Capacity Market payments). According to the below 6 December update, National Grid is NOT making Capacity Market payments. www.gov.uk/government/collections/electricity-market-reform-capacity-marketWas the "detailed response from the borrower" related to 111 and 113 or the other two? This needs clarification. |
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blender
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Post by blender on Dec 9, 2018 13:31:58 GMT
'Borrowers' plural. All to which the issue applies. Ablrate has given us comfort, and so I have been confident to buy some from the presumed large underwriter sale on 113. No notes or updates on the loan.
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nick
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Post by nick on Dec 9, 2018 19:43:18 GMT
Nothing on 111 and 113 that depend on Capacity Market payments (Both 101 and 109 are reportedly viable without the Capacity Market payments). According to the below 6 December update, National Grid is NOT making Capacity Market payments. www.gov.uk/government/collections/electricity-market-reform-capacity-marketWas the "detailed response from the borrower" related to 111 and 113 or the other two? This needs clarification. I've noticed that the documentation for 113 and 111 includes detailed P&L projections which show 10 year revenue figures breaking it down by revenue type. For both, revenue from fast frequency response account for the majority of revenue with smaller, but not insubstantial, contributions from capacity payments. For 113, 2% of 2020 revenue is forecast from capacity payment rising to 21% in 2027. 111 shows a steady 15% of annual revenue forecast coming from capacity payments over the 10 year forecast period. At face value the original financial projections indicate that neither of these projects are particular dependant on capacity payments which are currently at issue. My take is that even if the ban on capacity payments stand, any loss in capacity payment revenue is likely to be mitigated by higher fast frequency response revenue resulting in a marginal impact on the profitability/viability of the assets. What is probably of greater impact is the ability to raise longer term financing as capacity payments provide a degree of revenue certainty, particularly the T4 auctions. However, given neither project assumed a significant proportion of revenue coming from capacity payments it is difficult to see how a continued ban on capacity payments would make much difference on the bank-ability of either of these projects.
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kaya
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Post by kaya on Dec 26, 2018 12:07:55 GMT
We are not anticipating any issues.n We have received a detailed response from the borrowers and will be sharing that soon.Scope here for a New Year Resolution ablrate?
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Post by ablrate on Dec 27, 2018 11:51:26 GMT
We are not anticipating any issues.n We have received a detailed response from the borrowers and will be sharing that soon.Scope here for a New Year Resolution ablrate ? Hi we did post a doc called 'Nov 2018 Capital Market Change Commentary' in the S** C***** loan.
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TitoPuente
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Post by TitoPuente on Dec 27, 2018 14:51:44 GMT
Scope here for a New Year Resolution ablrate ? Hi we did post a doc called 'Nov 2018 Capital Market Change Commentary' in the S** C***** loan. What about 111 and 113?
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Post by elephantrosie on Jan 14, 2019 19:56:18 GMT
Hi we did post a doc called 'Nov 2018 Capital Market Change Commentary' in the S** C***** loan. What about 111 and 113? sorry blonde moment here. which loan is ablrate referring to? S... C... ??
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Post by Ace on Jan 14, 2019 21:06:15 GMT
101 and 109.
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