adrian77
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Post by adrian77 on Dec 20, 2017 16:14:06 GMT
Just noted in the US you can buy this book signed and a first edition for £340 (converted) retail) Granted there are more expensive ones on ebay - you can also buy one of this chap's other signed books for $200 (yes $). How popular is this ex US president in the UK ?
I really think this one may struggle if sent to auction - can we fix it - no we can't!
I may be wrong but I am not risking it...
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mullet
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Post by mullet on Dec 20, 2017 17:01:52 GMT
Just noted in the US you can buy this book signed and a first edition for £340 (converted) retail) Granted there are more expensive ones on ebay - you can also buy one of this chap's other signed books for $200 (yes $). How popular is this ex US president in the UK ? I really think this one may struggle if sent to auction - can we fix it - no we can't! I may be wrong but I am not risking it... For a £500 renewal there will be 1 or 2 £25 chunks available at most, maybe none - not sure any of us would even get the chance to go for it if we wanted I'll be giving it a go. Even if the book is overvalued, the book+guitar must surely be worth £500! (plus adds a bit of diversification to my portfolio)
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Post by mrclondon on Dec 20, 2017 22:21:59 GMT
Sorry rambler ... had some finger trouble and your post got lost ! Anyway here is the response: How can a loan of £500 against an asset valued at £800 give a LTV of 45.45%? Its against a guitar valued at £800 and a book valued at £300 ... 500/1100 = 45.45% |
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Post by df on Dec 21, 2017 1:00:52 GMT
Just noted in the US you can buy this book signed and a first edition for £340 (converted) retail) Granted there are more expensive ones on ebay - you can also buy one of this chap's other signed books for $200 (yes $). How popular is this ex US president in the UK ? I really think this one may struggle if sent to auction - can we fix it - no we can't! I may be wrong but I am not risking it... I can't imagine anyone paying £800 for Epiphone Les Paul. The instrument itself can be worth anything one can imagine, but fire sale value is more likely to be at around £100. It would be interesting to see valuation document, but I couldn't find any files. Not sure about retail price for books signed by former US presidents, but it looks like LTV for this and many similar FS loans are made up... I think this package will seriously struggle if put to auction. It's very odd.
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rogerthat
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Post by rogerthat on Dec 21, 2017 1:10:19 GMT
Always expect the unexpected, then you'll never be surprised  |
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rogerthat
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Post by rogerthat on Dec 21, 2017 11:36:31 GMT
Out of curiosity, I was finger poised...but never saw it appear...what happened ?
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mullet
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Post by mullet on Dec 21, 2017 11:46:19 GMT
Out of curiosity, I was finger poised...but never saw it appear...what happened ? 100% rolled-over?
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rogerthat
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Post by rogerthat on Dec 21, 2017 11:52:39 GMT
Out of curiosity, I was finger poised...but never saw it appear...what happened ? 100% rolled-over? Presumably..yes..but I never saw the Dar***ds Gr**n / Anf**ld / Liv***ool one either...I doubt that would have vanished so quickly
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Post by df on Dec 21, 2017 11:53:43 GMT
Out of curiosity, I was finger poised...but never saw it appear...what happened ? It was a renewal of £500 loan, presumably held by 20 lenders who renewed it.
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rogerthat
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Post by rogerthat on Dec 21, 2017 12:01:51 GMT
Out of curiosity, I was finger poised...but never saw it appear...what happened ? It was a renewal of £500 loan, presumably held by 20 lenders who renewed it. Well pleased to see at least 20 lenders thought it was worth it...wonder if any of them had the surname Trump 
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adrian77
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Post by adrian77 on Dec 21, 2017 12:05:06 GMT
Just had an email from another platform where I completely emptied my loan book
Yet another defaulted loan (which I sold) has been reclassified as bad debt as the borrower
seems to be in Zimbabwe!
Well 2018 is going to be interesting as there are several loans which FS can't keep kicking into the long grass e.g. Knaresborough, Wimbledon, Speed boat and the mysterious Swiss backers.
If there are major losses here and I suspect there will be then I will revising all of my FS investments.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 21, 2017 12:11:18 GMT
Think most peeps who are members here are, or have, "revised" already Adrian! |
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rogerthat
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Post by rogerthat on Dec 21, 2017 12:12:13 GMT
Just had an email from another platform where I completely emptied my loan book Yet another defaulted loan (which I sold) has been reclassified as bad debt as the borrower seems to be in Zimbabwe! Well 2018 is going to be interesting as there are several loans which FS can't keep kicking into the long grass e.g. Knaresborough, Wimbledon, Speed boat and the mysterious Swiss backers. If there are major losses here and I suspect there will be then I will revising all of my FS investments. Fortunately (atm) my loyalty to another nameless P2P (FC) delayed my arrival at FS...so, without any trace of smugness, I have to declare that the horrors listed above and the turbine farce haven't affected me. I hope that is a good omen for 2018 Edit...Saying that I am into an End***ance B**t but even that, at the moment, seems to be the right way up, even if delayed somewhat 
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Post by mrclondon on Nov 15, 2019 13:26:10 GMT
A long standing (small) pawn loan that has repaid in full today.
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adrian77
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Post by adrian77 on Nov 15, 2019 15:17:27 GMT
Looks like defaulting such loans is concentrating a few minds - I am really glad to see the second charge on the house in Farnham defaulted not that clearing this chap's debts is going to be so simple!
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