kaya
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Post by kaya on Dec 24, 2016 14:34:45 GMT
This offering could be a good place to divert cash from Fast Crumbling. However, the security could be awkward to call in if needed, so will they have the next refinance ready to pay up when this loan is due?
There is already a huge bid in at the reserve rate, so someone is confident that they will.
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ben
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Post by ben on Dec 25, 2016 22:37:43 GMT
The security would be next to impossible to call in it if it was still operating or if someone took it over. If the security can be called in I think it will cover the loan quite easily which is a
The type of operation is a licence to print to money, providing it keeps a decent reputation there is plenty of demand for that kind of service.
The main negative for that kind of business is that a lot of that kind of business are mismanaged, the people in charge do not really know what they are doing and give themselfs and other senior managment inflated pays.
To be fair the figures they have given for pay do not seem unreasonable the problem will be if they decide to give themselfs a large bonus which will not be part of the figures they have declared for pay.
If they keep the figures like they are now I think a bank would happily refinance.
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