ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Jan 21, 2020 10:25:47 GMT
I don't invest much in P2P anymore but follow the occasional thread such as this out of interest. If people havn't learnt about "Valuations" in P2P by now, they never will. That is all!
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iRobot
Member of DD Central
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Post by iRobot on Jan 21, 2020 10:45:56 GMT
I was reviewing a valuation associated with an FS loan and noted the not uncommon piece of commentary: So an art not a science and with much art, where your standpoint is affects what you see. Or, another way of looking at it (and to mis-quote Douglas Adams): " Valuations are an illusion. P2P valuations doubly so."
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macq
Member of DD Central
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Post by macq on Jan 21, 2020 10:58:58 GMT
I was reviewing a valuation associated with an FS loan and noted the not uncommon piece of commentary: So an art not a science and with much art, where your standpoint is affects what you see. Or, another way of looking at it (and to mis-quote Douglas Adams): " Valuations are an illusion. P2P valuations doubly so." i think the last Five words in the commentary are the most telling as most people doing the first part of it i.e the valuation etc are normally working in One field but not sure that's always the case with p2p (and i'm not looking at ABL just because its their thread)
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nw99
Posts: 340
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Post by nw99 on Jan 21, 2020 13:32:44 GMT
Withdrawn
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groon
Posts: 39
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Post by groon on Jan 21, 2020 13:37:52 GMT
A big thank-you to those who raised concerns! Ablrate should've carried out the DD themselves. They seem genuinely grateful to those who did it for them. So am I!
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ptr120
Member of DD Central
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Post by ptr120 on Jan 21, 2020 13:39:13 GMT
was there an email about the withdrawal? |I don't seem to have received anything
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nw99
Posts: 340
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Post by nw99 on Jan 21, 2020 13:42:51 GMT
Yes email
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tommo
Member of DD Central
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Post by tommo on Jan 21, 2020 13:53:29 GMT
Presume notification only went out to those who invested in it? Would be nice for those of us who didn't lend on the loan to also have visibility.
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ptr120
Member of DD Central
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Post by ptr120 on Jan 21, 2020 13:55:03 GMT
I wonder if we'll see it come back with enhanced security?
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iRobot
Member of DD Central
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Post by iRobot on Jan 21, 2020 14:03:18 GMT
Presume notification only went out to those who invested in it? Would be nice for those of us who didn't lend on the loan to also have visibility. No email here, and also a non-participant. I guess the platform owe the potential lenders a reason for why the loan was pulled and monies returned, but perhaps don't necessarily want to air (what some might regard as) their failings 'in public'. No doubt a copy of the email's content will appear in the relevant DD thread soon enough.
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tommo
Member of DD Central
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Post by tommo on Jan 21, 2020 14:33:30 GMT
Ahhhh, just figured out you can go to the loan via the loan book page here to see the admin note on why loan withdrawn.
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Post by ladywhitenap on Jan 21, 2020 14:33:54 GMT
No sign yet but as another non participant, who was nevertheless following this prospect, I'd be very interested to read the details. LW
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ptr120
Member of DD Central
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Post by ptr120 on Jan 21, 2020 14:39:13 GMT
Ahhhh, just figured out you can go to the loan via the loan book page here to see the admin note. Your link doesn't seem to work
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Post by ladywhitenap on Jan 21, 2020 14:40:14 GMT
I've added the text of the admin note to the DD thread
LW
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tommo
Member of DD Central
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Post by tommo on Jan 21, 2020 14:43:33 GMT
Ahhhh, just figured out you can go to the loan via the loan book page here to see the admin note. Your link doesn't seem to work I didn't post a link, by 'here' I meant the Ablrate Loan Book post on the main Ablrate page on this forum.
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