|
Ablrate (ABL) in Administration
Website Down
Mar 4, 2024 19:38:36 GMT
Post by stevem on Mar 4, 2024 19:38:36 GMT
It's working for me!
|
|
|
Post by stevem on Mar 6, 2023 15:25:50 GMT
This all sounds very dodgy
|
|
|
Post by stevem on Oct 5, 2020 16:25:14 GMT
I have an email address which has been used exclusively for communications with Lendy. Last night I received the second email from 'Sourced Capital', the first being on 2 October. Clearly my email address has been divulged by someone involved with Lendy or the administrators (or maybe The London Loan).
In the guff at the end there is reference to Rebuildingsociety.com Ltd where I have also invested in the past, but using a different exclusive email address.
I would be interested to learn if others have been similarly afflicted.
I got them, same as you I have an email address which I used exclusively for Lendy
|
|
|
Post by stevem on Mar 24, 2020 12:39:50 GMT
Well FWIW I also have an email address used specifically for Lendy and I'm fairly certain I HAVEN'T had one from P1 Capital.
The one I deleted without checking was referring to some totally unbelievable investment return, possibly 14.569% (and yes it was to 3 decimal places ) Believe it or not you can get 27.630% AER to same group of companies on ABLrate when taking the current SM discount into account. Yes I suppose actually it's not that unbelievable, I just remembered it because if the 3 decimal places - they're not normally that specific!
|
|
|
Post by stevem on Mar 24, 2020 10:58:02 GMT
Was just P1 fishing for customers,, problem is ,how did they get our email addresses. Well FWIW I also have an email address used specifically for Lendy and I'm fairly certain I HAVEN'T had one from P1 Capital.
The one I deleted without checking was referring to some totally unbelievable investment return, possibly 14.569% (and yes it was to 3 decimal places )
|
|
|
Post by stevem on Mar 24, 2020 9:47:44 GMT
Could anyone tell me the subject line on the email, I had something a bit unusual yesterday but just deleted it without looking to see what address it had been sent to.
|
|
|
Post by stevem on Feb 6, 2020 21:14:35 GMT
The worrying thing for me is how the security which was originally "valued" at just over £500,000 27 months ago only realise £45,000 when sold.
This makes some other platforms valuation shortfalls look almost reasonable, I do appreciate Ablrate's efforts to get the best return but if the valuation was so far out it was never going to happen.
I'm not a big investor by any stretch of the imagination but this has cost me 16% of all the interest I have earned from Ablrate in 3 years or so (not a lot in real terms) but worse it has made me worry about valuations if anything else goes wrong.
|
|
|
Post by stevem on Feb 6, 2020 18:10:04 GMT
See documents
|
|
|
Post by stevem on Aug 9, 2019 9:10:35 GMT
Clearly a lot of work gone into this proposed solution - hats off to ABL However, I've got over 8% of my ABL portfolio in BN related loans so I'm wary of investing more in the proposed solution even if it helps secure the solution. Will wait to see the follow up statement on 85/97/104/105 I think. LW
I think that the solution is certainly pragmatic and congratulate Ablrate for devising it.
I'm in a similar situation re the proportion of my Ablrate investment in these loans BUT I though that the issue with the remainder of them was purely getting the re-structured loans to work in the IFISA environment (which has now been the situation for almost 3 months) That's certainly the impression that has been given, unless of course Ablrate have not in fact been receiving the interest payments they/we are due.
|
|
|
Post by stevem on Aug 8, 2019 19:54:59 GMT
Sadly I think that this was almost inevitable. This whole thread has been a series of optimistic sounding updates followed by long periods of silence with occasional additional interjections that only serve to cast more doubt as to what exactly is going on with thse loans.
|
|
|
Post by stevem on Aug 5, 2019 13:51:26 GMT
I take it that this is over and above the loan just disappearing totally from the platform with no evidence it ever existed or how much we are owed (very little in my case fortunately) The Loan does still exist on the Huddle site, just there is no link to the Loan. If I have got this right, log in to huddle first then click on link below.
Yes, that works, thanks.
|
|
|
Post by stevem on Aug 5, 2019 11:44:10 GMT
Somebody please tag huddle and add their dissatisfaction comment to this thread. Huddle, this has been handled extremely badly. You know exactly what I am talking about. The email explaining things had better be full of facts as to how you messed this up so badly. I would also suggest you reassure all investors that your other car loans and property backed loans are properly secured. I take it that this is over and above the loan just disappearing totally from the platform with no evidence it ever existed or how much we are owed (very little in my case fortunately)
|
|
|
Post by stevem on Jul 31, 2019 12:03:45 GMT
ablrate There is still a problem with unsubscribing more than 20 emails. Try adding another and the car crash appears. Sounds like a trivial buffersize problem in the code. Also, when viewing notifications from an ipad the X button to close the window is off screen and the window cannot be scrolled to access it. We are putting some Ui bugs on hold, but will take a look at this. We are working on the new ui which is mobile responsive and is a giant leap in functionality and usability, so bear with us. How about prioritising actually getting the website working re paying some interest on Loans 67/68/85/104/105 hasn't this been dragging on for far too long now?
|
|
|
Post by stevem on Jul 12, 2019 8:51:24 GMT
From experience of watching over time when ablrate don't answer questions it usually means they are working on something and are not yet in a position to say. They will wait for a result good or bad before they answer. So no news isn't a sign of bad news. It wouldn't take a lot to provide a bit of reassurance that the re-scheduled payments had in fact been made even if they haven't reached us yet, frankly I am beginning to have my doubts as this seems to have dragged on for so long now.
|
|
|
Post by stevem on May 10, 2019 16:44:52 GMT
There are full addendums (addenda?) coming, so we don't want to pre-empt and let everyone get the information at the same time. Update on site. Great work Abl. Good stuff
Don't ask me how I spotted it, but somehow I noticed that there are 2 payments due on 20/02/2022 and none on 20/03/2023 on 105 - presumably a bug ?
|
|