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Post by GSV3MIaC on Nov 5, 2018 10:13:11 GMT
Resurrecting an ancient thread, but there are updates about many of these on the website today, and this looked like the best place to mention it in ..
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elliotn
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Post by elliotn on Nov 7, 2018 1:59:36 GMT
For the 2017 accounts filed this year, turnover was 28k with losses of over 150k leaving the balance sheet with net liabilities for the same amount as the first proper year of trading.
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ptr120
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Post by ptr120 on Apr 24, 2019 9:58:35 GMT
MoneyThing SophieThing please can we have an update on the loans with this borrower and RCC783 in particular. There have been some changes at CH regarding the borrower and some of their loans are non performing. With RCC783 the last update (from 29 March) refers to a short extension to 13th April but the loan end date is displayed as 30th April.
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dh1
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Post by dh1 on Apr 25, 2019 16:26:30 GMT
Interesting. Trading in all RCC suspended... hopefully temporarily... See the website updates for more.
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Post by dan1 on Apr 25, 2019 19:10:46 GMT
Isn't this the same borrower with all the race cars on FS?
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r00lish67
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Post by r00lish67 on Apr 25, 2019 19:20:16 GMT
Isn't this the same borrower with all the race cars on FS? Yes. You can filter for them fairly neatly on the 'all loans' screen by entering in "race".
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Post by df on Apr 25, 2019 20:20:19 GMT
Isn't this the same borrower with all the race cars on FS? Yes. You can filter for them fairly neatly on the 'all loans' screen by entering in "race". "race" brings a very extensive list of pawn, but "race car" filtered 3 pages. I've been in all of them, except 2 entries of Porsche 911. Currently I'm in Kia (both colours), BMW M3 and Panoz. If these are to the same RCC borrower then I'm massively overexposed.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 25, 2019 21:07:54 GMT
Yes. You can filter for them fairly neatly on the 'all loans' screen by entering in "race". "race" brings a very extensive list of pawn, but "race car" filtered 3 pages. I've been in all of them, except 2 entries of Porsche 911. Currently I'm in Kia (both colours), BMW M3 and Panoz. If these are to the same RCC borrower then I'm massively overexposed. Fraid they are.
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SteveT
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Post by SteveT on Apr 25, 2019 21:15:47 GMT
Yes. You can filter for them fairly neatly on the 'all loans' screen by entering in "race". "race" brings a very extensive list of pawn, but "race car" filtered 3 pages. I've been in all of them, except 2 entries of Porsche 911. Currently I'm in Kia (both colours), BMW M3 and Panoz. If these are to the same RCC borrower then I'm massively overexposed. Most / all of those vehicles were originally borrowed against on MT too (see Completed Loans under RCC)
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Post by funkymonkey on Apr 25, 2019 21:21:45 GMT
Is there a website where I can view these cars for sale?
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sarahcount
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Post by sarahcount on Apr 25, 2019 22:04:52 GMT
"race" brings a very extensive list of pawn, but "race car" filtered 3 pages. I've been in all of them, except 2 entries of Porsche 911. Currently I'm in Kia (both colours), BMW M3 and Panoz. If these are to the same RCC borrower then I'm massively overexposed. Most / all of those vehicles were originally borrowed against on MT too (see Completed Loans under RCC) I seem to recall that MT declined to re-new their race car loans as they had concerns about valuations / realisations in the event of default. These loans then went over to FS who weren't so circumspect. I avoided the race cars after that but am in most of the MT RCC road car loans to a moderate extent. Wasn't sure about the vintage hearses though. Hopefully all will be resolved.
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ptr120
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Post by ptr120 on May 7, 2019 14:32:58 GMT
MoneyThing SophieThing a fair amount of time has been allowed for discussions with the borrower. Please can we have an update?
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Post by highlevel on May 7, 2019 21:47:15 GMT
MoneyThing SophieThing a fair amount of time has been allowed for discussions with the borrower. Please can we have an update? +1
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sj
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Post by sj on May 7, 2019 23:56:35 GMT
+2
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Post by highlevel on May 8, 2019 17:50:50 GMT
?
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