jonah
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Post by jonah on Jul 13, 2017 18:43:32 GMT
As investors though, are we not entitled to these updates? Are MT allowed to withhold information about our investments from us? I appreciate that some of the information may be "commercially sensitive", but it is our money that's at stake at the end of the day! Why can't MT just privately email all investors in these loans with updates, if they don't want to publish the info on their own website/here? If it is of material value which could influence the price then yes, all lenders need to be informed as I understand fca inside trading rules. Obviously the price can't change as MT is par only. But the attractiveness can change on info. My, semi uninformed view, info needs to be shared OR the loan suspended in SM. I don't think it matters which but one has to be done. IMHO.
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GeorgeT
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Post by GeorgeT on Jul 13, 2017 21:24:04 GMT
I still hold a bit of this loan because I was rather slow off the mark putting it up for sale when the bad news broke and I haven't managed to sell all of my holding.
Wouldn't it be ironic if my first ever default was on MT when I have been with SS/LY for years which is perceived to be a higher risk platform and never been in a defaulted loan on LY.
If that transpires to be the case it will be due to my high involvement loan management strategy on LY and my much more relaxed investment approach on MT.
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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 Jul 13, 2017 21:39:53 GMT
I still hold a bit of this loan because I was rather slow off the mark putting it up for sale when the bad news broke and I haven't managed to sell all of my holding. Wouldn't it be ironic if my first ever default was on MT when I have been with SS/LY for years which is perceived to be a higher risk platform and never been in a defaulted loan on LY. If that transpires to be the case it will be due to my high involvement loan management strategy on LY and my much more relaxed investment approach on MT. Dont worry, you can just not factor that into your return either and youll still be getting 12% or more.
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fp
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Post by fp on Jul 14, 2017 11:00:33 GMT
I still hold a bit of this loan because I was rather slow off the mark putting it up for sale when the bad news broke and I haven't managed to sell all of my holding. Wouldn't it be ironic if my first ever default was on MT when I have been with SS/LY for years which is perceived to be a higher risk platform and never been in a defaulted loan on LY. If that transpires to be the case it will be due to my high involvement loan management strategy on LY and my much more relaxed investment approach on MT. Dont worry, you can just not factor that into your return either and youll still be getting 12% or more.even on a 10% loan
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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 Jul 14, 2017 11:12:08 GMT
Dont worry, you can just not factor that into your return either and youll still be getting 12% or more.even on a 10% loan BUZZZ, DOES NOT COMPUTE! ERROR! ERROR! INPUT NOT RECOGNISED. 10 NOT A VALID ENTRY. RETRY.
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elliotn
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Post by elliotn on Jul 14, 2017 11:16:31 GMT
Dont worry, you can just not factor that into your return either and youll still be getting 12% or more.even on a 10% loan Gt would go for the high class strategy of 13% plan B only
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GeorgeT
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Post by GeorgeT on Jul 14, 2017 13:49:20 GMT
I've got much more in the 13% tranche that sits behind the 10% bit. A little bit of 10%, a lot more of 13%. That was necessary to hit my overall return target whilst building in some risk mitigation. Comfort is provided by the Broadoak 5% of first loss safety blanket. And fortunately I'm not nearly as exposed to this one as I was initially as I sold some along the way to diversify into other MT loans.
Hopefully MT and BO will manage this one to a satisfactory conclusion and the loan parts for sale are still earning interest as things progress. I am relaxed and have every confidence in the platform.
It's a good lesson in why nothing less than 12% overall should do given the risks.
For people in it for the medium to long term, some capital losses are inevitable and that's why I think it's important to aim high and set the bar at 12% with some 13% and 14% thrown in for added padding and protection so you are insulated against the occasional bit of loss and can continue to hit 12% overall.
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jlend
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Post by jlend on Jul 28, 2017 8:51:49 GMT
I see from previous loan updates that the borower has already received a 25 percent deposit for many of the flats.
Is this money normally held with the solicitors or will it have been given to the borower to spend on completing the flats?
Are we expecting another Tranche to be issued for this loan to complete the development?
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Post by settersam on Jul 29, 2017 7:53:27 GMT
Tranche A seems reasonably risk free, even considering the current situation. Is it simply the 10% which is preventing investments here or is the risk too much for most? Even if it does default it should easily be worth 46% of valuation?
edit: and 1.5% pm if default - although this would fall behind all capital repayment.
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boundah
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Post by boundah on Aug 3, 2017 10:17:21 GMT
I've got much more in the 13% tranche that sits behind the 10% bit. A little bit of 10%, a lot more of 13%. That was necessary to hit my overall return target whilst building in some risk mitigation. Comfort is provided by the Broadoak 5% of first loss safety blanket. And fortunately I'm not nearly as exposed to this one as I was initially as I sold some along the way to diversify into other MT loans. Hopefully MT and BO will manage this one to a satisfactory conclusion and the loan parts for sale are still earning interest as things progress. I am relaxed and have every confidence in the platform. It's a good lesson in why nothing less than 12% overall should do given the risks. For people in it for the medium to long term, some capital losses are inevitable and that's why I think it's important to aim high and set the bar at 12% with some 13% and 14% thrown in for added padding and protection so you are insulated against the occasional bit of loss and can continue to hit 12% overall. I take a different angle. I've got mostly tranche A in this loan as its effective LTV is 46% and it ranks ahead of tranche B. This gives me a warm feeling when things are looking a little uncertain. Though I'm still pretty confident MT will resolve any issues so neither tranche loses money
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jlend
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Post by jlend on Aug 5, 2017 17:42:10 GMT
We are approaching 2 months since the administrators were appointed.
Appreciate the need to control the flow of information while a way forward is worked on.
Although It would be good to know when we are likely to get an update.
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liso
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Post by liso on Aug 5, 2017 17:49:59 GMT
It would be good to know when we are likely to get an update on several MT loans. We're promised updates on all loans, "in a few days"...a few days.....a few days.......
Still waiting........
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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 Aug 5, 2017 19:25:03 GMT
It would be good to know when we are likely to get an update on several MTĀ loans. We're promised updates on all loans, "in a few days"...a few days.....a few days....... Still waiting........ I believe a surfeit of chocolate based pudding (otherwise known as the company meeting) may have caused a delay but Ed has indicated on another thread that he will be keeping Things in order while Sophie completes the first wave of updates over the weekend
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Post by sannytwist on Aug 5, 2017 19:37:28 GMT
Is the Birkenhead loans considered as defaults?
I'm not personally invested but have been reading parts of this thread.
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archie
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Post by archie on Aug 6, 2017 4:46:41 GMT
Is the Birkenhead loans considered as defaults? I'm not personally invested but have been reading parts of this thread. It's not even overdue yet so I'd say no. From a tax point of view I'd wait for platform to confirm the status. Hopefully we'll get the August Broadoak updates this week.
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