ashtondav
Member of DD Central
Posts: 1,805 
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Post by ashtondav on Sept 23, 2016 6:48:06 GMT
Due to go live in a few hours. When I click thro I can't see any sponsors at all!
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Post by Deleted on Sept 23, 2016 7:16:19 GMT
Sometimes a boat needs a barge pole  |
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ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
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Post by ashtondav on Sept 23, 2016 10:26:23 GMT
Discussions ongoing about a marine mortgage. Please can we know how discussions with sponsors are going, as there are none visible on the website.
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Post by wickedxuk on Sept 26, 2016 21:25:41 GMT
How are people feeling about this loan? FS have made the sales pitch look good. I don't know much about boats but if the build is going as planned and the expected value of the boat is good then I don't mind going in for a small chunks of this one. My only concern is the build doesn't progress to completion, the boats value would be significantly reduced. I suppose it could be compared to a DFL...
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mikes1531
Member of DD Central
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Post by mikes1531 on Sept 26, 2016 21:37:04 GMT
I suppose it could be compared to a DFL... I think that's a reasonable comparison. The main difference I see is that the GDV of a property development probably is a lot easier to estimate than the GDV of this boat -- a unique item with a very limited market. I expect it would be worth a lot more if it's a successful record breaker than if it turns out to be an also-ran. Of course, that result won't be sure until after the loan is repaid, so it might be irrelevant. But what if the sea trials are so disappointing that breaking the record looks unlikely? Would the promoters still be able to raise enough sponsorship to pay off this loan?
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Post by martin44 on Sept 26, 2016 21:43:45 GMT
i have a sinking feeling.  |
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ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
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Post by ashtondav on Sept 27, 2016 11:15:50 GMT
Yep, sunk unless more positive news. Currently it seems to be a part built boat using unproven technology with no sponsors and already delayed in build.
No thanks...
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Sept 27, 2016 12:48:04 GMT
In the spirit of true risk-taking contrarianship I've thrown as much of the weight of the available £26.34 hanging around in my account as was possible behind it  |
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jimbob
Member of DD Central
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Post by jimbob on Sept 28, 2016 9:02:38 GMT
In the spirit of true risk-taking contrarianship I've thrown as much of the weight of the available £26.34 hanging around in my account as was possible behind it Living the dream 
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