|
Post by ablrate on Jun 27, 2016 11:32:59 GMT
Is there an update on this loan? Any news on the sale ablrateandy ? Hi goopy Having spoke with the borrower, they have been fielding a number offers as there are ery few 42-500 aircraft in the market. We are expecting confirmation on the LOI to purchase the aircraft shortly, it is something we are monitoring closely and will update you pn as soon as we know. (This has been added to the admin section today).
|
|
goopy
Member of DD Central
Posts: 307
Likes: 144
|
Post by goopy on Jun 27, 2016 13:44:20 GMT
Is there an update on this loan? Any news on the sale ablrateandy ? Hi goopy Having spoke with the borrower, they have been fielding a number offers as there are ery few 42-500 aircraft in the market. We are expecting confirmation on the LOI to purchase the aircraft shortly, it is something we are monitoring closely and will update you pn as soon as we know. (This has been added to the admin section today). Thank you for the update.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jun 29, 2016 18:49:31 GMT
Planning to stay up late tonight to watch the interest come in.
|
|
|
ATR 532
Jun 29, 2016 19:00:02 GMT
via mobile
jonah likes this
Post by ablrateandy on Jun 29, 2016 19:00:02 GMT
Me too
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Jun 29, 2016 19:31:31 GMT
Me too Early night? My cash has just arrived.
|
|
|
Post by ablrateandy on Jun 29, 2016 19:31:58 GMT
|
|
|
Post by ablrateandy on Jun 29, 2016 19:32:33 GMT
Me too Early night? My cash has just arrived. Ahhh if only I had control of the Magic Button
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jun 29, 2016 20:07:13 GMT
Hey, what's going on? I had not even put out the mince pie and sherry. So what do I do for the rest of the evening?
|
|
gt94sss2
Member of DD Central
Posts: 281
Likes: 137
|
Post by gt94sss2 on Jul 7, 2016 15:34:56 GMT
Should this loan now be paused on the SM given its due at the end of the month?
|
|
|
ATR 532
Jul 7, 2016 23:14:02 GMT
via mobile
Post by ablrateandy on Jul 7, 2016 23:14:02 GMT
We are generally happy to allow things to trade longer now.
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Jul 12, 2016 13:00:04 GMT
"Optimistic punt of the week" award has to go to the Ablrate lender bidding to purchase £20k of this loan at 94% of par, giving a projected yield to term (should anyone take them up on it!) of a tad over 319%. Why it makes sense to tie up £20k of cash in this bid is entirely beyond me.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 12, 2016 17:53:02 GMT
I don't think I would appreciate being called an optimistic punt, even for an award.
|
|
KoR_Wraith
Member of DD Central
Posts: 293
Likes: 297
|
Post by KoR_Wraith on Jul 12, 2016 19:58:18 GMT
More money than sense!
Anyone else feel another extension coming on this loan? Not that I mind, security seems good.
|
|
stevio
Member of DD Central
Posts: 2,065
Likes: 894
|
ATR 532
Jul 12, 2016 21:16:57 GMT
via mobile
Post by stevio on Jul 12, 2016 21:16:57 GMT
"Optimistic punt of the week" award has to go to the Ablrate lender bidding to purchase £20k of this loan at 94% of par, giving a projected yield to term (should anyone take them up on it!) of a tad over 319%. Why it makes sense to tie up £20k of cash in this bid is entirely beyond me. Is the high % due to the gain in a short time span, annualised?
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 12, 2016 21:49:47 GMT
Yes it will be annualised - and a profit of £1200. People are getting nervous about this one, though personally I think a plane in a hanger is excellent security and would not mind an extension. Just to balance things up there is now an optimistic offer at 106%. No money gets tied up when you make a silly offer.
|
|