stub8535
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Post by stub8535 on Jan 2, 2017 12:48:50 GMT
Thanks for clarification Gordon. Hand getting tired refreshing screen! Only joking?
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kaya
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Post by kaya on Jan 2, 2017 14:41:18 GMT
May I just point out that the rare coin renewal info simply repeats the original loan info, which is that the loan will likely be redeemed by an 'American consortium' within '3-4 months'. Obviously this has not happened, so to repeat this info is perhaps misleading, unless this is actually the situation now. Thus a current update regarding this would be desirable, especially for such a high-value loan. Here's wishing collateral a prosperous 2017!
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elliotn
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Post by elliotn on Jan 3, 2017 9:30:03 GMT
Yes, update on exit plans through American consortium please. I do not see any linked loans - are CXXX Ltd a partner introducing borrowers with rare coin and collectables seeking finance (guaranteeing non-payment) as opposed to funding their own stock items, thanks. Edit - confirmation that the company is a pawn shop guaranteeing the borrower can be found in this post and thread: p2pindependentforum.com/post/126841
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kaya
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Post by kaya on Jan 3, 2017 9:58:58 GMT
I see that the reference to the 'American consortium' has now been modified to remove any exit timescale.
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e7
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Post by e7 on Jan 3, 2017 12:08:52 GMT
If I wish to invest in the coin loan, do I have to wait till 9am tomorrow then enter my bid amount upto £500, and for the other loan with a bid limit of £50 is it likely that if I'm not fast enough I would get a part of this loan
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archie
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Post by archie on Jan 3, 2017 12:15:44 GMT
If I wish to invest in the coin loan, do I have to wait till 9am tomorrow then enter my bid amount upto £500, and for the other loan with a bid limit of £50 is it likely that if I'm not fast enough I would get a part of this loan Yes you have to wait, bid limits take account of how much you already have invested (eg. £500 limit but already own £200, you can bid £300). You may not be quick enough to get other renewal loans if there isn't much available.
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Post by sannytwist on Jan 3, 2017 12:59:42 GMT
set your alarms
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elliotn
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Post by elliotn on Jan 3, 2017 14:13:21 GMT
I see that the reference to the 'American consortium' has now been modified to remove any exit timescale. Reason for delay & expected completion key lender information - v SSesque/Collateral damage.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 3, 2017 14:19:53 GMT
Anyone thinking of selling other loans in anticipation of getting some of these loans? When will you be selling?
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jimc99
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Post by jimc99 on Jan 3, 2017 21:54:54 GMT
The gold chain being renewed today has not been revalued to reflect the changed scrap gold price since originally listed.
Bit sloppy on Collateral''s part I think.
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Post by Collateral Rep on Jan 4, 2017 9:17:03 GMT
Hi jimc99, Our underwriters are still happy at this loan level. Many thanks, Gordon
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stevio
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Post by stevio on Jan 4, 2017 14:06:27 GMT
The gold chain being renewed today has not been revalued to reflect the changed scrap gold price since originally listed. Bit sloppy on Collateral''s part I think. Is a better valuation not good - or am I missing something?
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stevio
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Post by stevio on Jan 4, 2017 18:03:34 GMT
Hi jimc99, Our underwriters are still happy at this loan level. Many thanks, Gordon I understand now Your underwriters might be happy, but the lenders might not be if significant change to LTV. The new LTV should be presented so lenders have an informed choice whether to exit or not Probably something lenders in this asset class need to keep an eye on then
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jcb208
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Post by jcb208 on Jan 6, 2017 9:05:02 GMT
Oh well that was a waste of time transferring money over forgot about the bid limit ,already had more money invested then the limit,Oh well I will learn one day
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archie
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Post by archie on Jan 6, 2017 9:07:15 GMT
Oh well that was a waste of time transferring money over forgot about the bid limit ,already had more money invested then the limit,Oh well I will learn one day Check the pipeline, a couple of loans at 1pm too.
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