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Post by ablrateandy on Mar 27, 2015 0:04:45 GMT
This has always struck me as something that may be quite therapeutic, though I fear that I lack the patience. I was up in the Highlands not so long ago and a chap in a pub told me that a lot of the estate gillies will take people out to great locations to go fishing if you cross their palm with silver.
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Post by ablrateandy on Mar 23, 2015 21:58:17 GMT
Agreed. Ditto Bloomberg's website. It used to be a great site that was easy to navigate around. Now it is too "in-your-face". Massive pictures everywhere and no logic.... which is a shame as some of their financial journalism is top class. Out at lunch with one of their presenters, she said "I don't used it but really surprised that you don't like it. Our web developers think that it is great." I think that says it all
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Post by ablrateandy on Mar 21, 2015 12:26:46 GMT
Look at the asset, not the website..... It's the weekend and we don't need another debate about grammar . On email if you have any questions!
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Post by ablrateandy on Mar 15, 2015 21:24:34 GMT
Anything is possible at a price....
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Post by ablrateandy on Mar 10, 2015 22:17:29 GMT
Nah. The new site is called I-blrate. Only works on Apple products.
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Post by ablrateandy on Mar 10, 2015 12:12:05 GMT
Hi guys,
Sorry - we have been doing some work on the current site and there seems to be a yield glitch as a result of a weekend back end change. We are going to take the yields off temporarily whilst it gets resolved but if anyone wants to mail me I will happily do the calc manually for you before it gets resolved.
And this is why we are changing developers on the new site.....
Andy
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Post by ablrateandy on Mar 9, 2015 23:31:42 GMT
Hello Always happy to field questions and thanks for the tag investor . Feel free to have a look around the site and drop us a line with any questions. What could be more diversified than investing in aircraft? . As alluded to, there is a new site en route and we have a decent pipeline of things over the next few months - boats, planes, property and some other unmentionables... As said above - there is no perfect platform and to be honest there never will be, because perfect to one person is not perfect to another. Prioritise what you want (liquidity, deal flow, security, secondary market etc) and then go from there!
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Post by ablrateandy on Mar 9, 2015 14:04:53 GMT
Would you take a branded umbrella instead?!
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Post by ablrateandy on Mar 8, 2015 16:50:37 GMT
Before anyone comments, "reponsibilies" is a precise technical term for lawyers.
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Post by ablrateandy on Mar 8, 2015 14:32:34 GMT
Very in depth!
Well done!
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Post by ablrateandy on Mar 8, 2015 14:27:51 GMT
Moving swiftly on.... let's keep the discussion on point please . Point taken and we think that you will be pleasantly surprised when the changes are put in place.
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Post by ablrateandy on Mar 8, 2015 0:28:58 GMT
If you are looking at asset backed it's worth considering Ablrate - mostly loans for aircraft leasing.
With Ablrate the security is enhanced by the aircraft being ring-fenced in its own special purpose entity. The lending members lending to this entity through the Abrate platform have a first charge over the entire ownership shares of this entity which in turn is secured by the aircraft being owned by this entity.
What protection do Ablrate investors have against the aircraft flying off and not returning? That's not an issue with 'bricks & mortar' lending, or a platform like FS who physically take possession of the smaller items they're lending against. Our aircraft are largely used to move passengers around. When we lease out an aircraft, the lessee signs a deregistration certificate that we retain possession of. If they stop paying their lease then we present this certificate to the local aviation authority and that will prevent them from operating the aircraft in a commercial capacity. Even if they hid it in some obscure jungle (a) we are insured and (b) they can't get spares or use the aircraft at any airfield that is subject to any form of jurisdiction. We also take out mortgages over the aircraft in multiple jurisdictions so that they can't be moved cross-border. Our main sponsor has leased out around 400 aircraft in his career. He has had three cases where lease payments have ceased. In all three of those, the aircraft has been recovered, re-sprayed and re-leased to a new client within three months. Generally our clients are governments or large corporations who are loathe to default because if they do, they won't be able to lease aircraft off anyone else either. We are happy to chat in more detail on the subject if you drop us a line.
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Post by ablrateandy on Mar 8, 2015 0:19:59 GMT
hi xyon100 . Thanks for the comment and yes - we are currently going through droves of our standard e-mails and improving the quality of the content, which certainly have room for improvement. There is a fairly substantial change due in the next few weeks and the issue that you have raised is one that is at the top of our priorities. In terms of our DD processes, I can only assure you that they are exceptionally thorough from start to finish and looked over not only by us but by a swarm of lawyers and industry experts. I seriously doubt that any P2B lender gets anywhere near the quantity and quality of DD that we undertake on each of our aircraft transactions as the bill generally runs into six figures and tens of documents. If you have any issues then do feel free to DM either myself or ablrate and we will come straight back to you.
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Post by ablrateandy on Feb 24, 2015 16:33:35 GMT
davee39 "The bond example you quote relates to a small difference over a very low rate." Not quite sure what you mean here Agree that the model of some platforms is based on a herd mentality... Maybe ablrate should incorporate some kind of Space Invaders style process where you have to shoot the yield that you need? That would make it more interesting to investors. You are the second person today who has listed the excitement of auctions as being a crucial factor!
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Post by ablrateandy on Feb 23, 2015 23:40:02 GMT
Interesting and very relevant points from samford71 . As I see it (and the reason that I would NEVER lend unsecured through a platform for more than three months) is the risk of an adverse change in the personal or business circumstances of the borrower. Even in larger companies you can have a catastrophic change in circumstances - one recent example is Phones4U where their bonds went from trading at something like 103 to pretty much zero in a few days. In this case it was because a major contract didn't get renewed but that can happen in P2B or P2P as well. The longer your maturity, the greater the risk of getting "stuck" in a loan and exposed to economic conditions that could hamper repayment. Where there is security, the business itself becomes of limited relevance as long as you can get to the asset if the business is failing. And as observed above, something is wrong with the way that P2P and P2B price secured loans vs unsecured loans. That misprice is purely a function of demand, in my opinion. One example of bond issuance would be Volkswagen, where their unsecured bonds would trade at around LIBOR+30 but their secured bonds would be around LIBOR+10. Bank bonds are the same, with secured bonds trading a lot tighter than unsecured (in nearly all cases). Hmmm.... I wonder if FC will let me borrow a couple of million unsecured and invest it in long-dated secured P2B loans?
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