blender
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Post by blender on Jan 2, 2018 17:11:44 GMT
Payment just came through. That's good news. There is another payment due in 11 days time.
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stevio
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Post by stevio on Jan 9, 2018 7:29:20 GMT
What relevance do you think the creditor has on this business?
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Post by dan1 on Jan 9, 2018 9:16:04 GMT
What relevance do you think the creditor has on this business? stevio - I moved your post to the main forum after removing the quoted text. In answer to your question, I don't know. To be clear, the creditor in this case is the abl borrower
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blender
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Post by blender on Jan 9, 2018 9:21:31 GMT
And to assist with clarity, stevio's question relates to a post on DD central, not on this thread. Information there, discussion here - in this case quite right.
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pom
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Post by pom on Jan 9, 2018 9:27:54 GMT
Although without any of the original post will make absolutely no sense to those without DDC access...
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Post by dan1 on Jan 9, 2018 9:30:55 GMT
Although without any of the original post will make absolutely no sense to those without DDC access... A new thread has been created on DD Central for loan 1000021. I've included a couple of links to the Gazette. They record the petition by this borrower, as a creditor, to wind-up a company registered in NI - search the Gazette with the borrower name, the petition is dated 7 Apr 2017.
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elliotn
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Post by elliotn on Jan 9, 2018 14:10:32 GMT
What relevance do you think the creditor has on this business? Our borrower is the creditor chasing, so presumed effect will be delayed cash flow (plus legal costs) and any impact will depend on size of client/amount outstanding.
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blender
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Post by blender on Jan 10, 2018 18:54:42 GMT
This borrower seems to have bad luck with some debtors. The next repayment is due on 13th. The repayment on time would boost confidence.
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Post by biscuitbri on Jan 14, 2018 14:25:49 GMT
Boosted.
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Post by dan1 on Jan 17, 2018 17:01:51 GMT
ablrate - there are offers with negative yields on loan 1000021. Time to restrict the range?
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Post by ablrate on Jan 17, 2018 17:11:38 GMT
ablrate - there are offers with negative yields on loan 1000021. Time to restrict the range? Thanks..done.
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Post by dan1 on Apr 17, 2018 8:49:44 GMT
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Post by ablrate on Apr 17, 2018 9:02:04 GMT
Hi All
We have issued an email this morning to all. We will be talking to the company and its advisors further today and will update all.
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elliotn
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Post by elliotn on Apr 17, 2018 9:40:03 GMT
From my calcs this has gone from <50% ltv to <20% with a repayment schedule almost twice as fast as depreciation (one of the safest loans in high rate p2p). ablrate as the intention is to demonstrate the recovery procedures to all investors, could you please include the recovery value of the ADs in the repayment notification, thanks.
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Post by ablrate on Apr 17, 2018 9:46:37 GMT
From my calcs this has gone from <50% ltv to <20% with a repayment schedule almost twice as fast as depreciation (one of the safest loans in high rate p2p). ablrate as the intention is to demonstrate the recovery procedures to all investors, could you please include the recovery value of the ADs in the repayment notification, thanks. Will do.
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