michaelc
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Say No To T.D.S.
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Post by michaelc on May 24, 2018 20:24:46 GMT
Sold for 26K in 1999. Now according to Keppy Massive its good for 340K.
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locutus
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Post by locutus on May 24, 2018 20:40:41 GMT
Sold for 26K in 1999. Now according to Keppy Massive its good for 340K. The same company that valued W******* C***** that resulted in a 61% capital loss...
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rogerthat
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Post by rogerthat on May 24, 2018 21:25:29 GMT
Sold for 26K in 1999. Now according to Keppy Massive its good for 340K. The same company that valued W******* C***** that resulted in a 61% capital loss... Forewarned is forearmed
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 24, 2018 21:40:17 GMT
Or even, as my old Geography Master used to say: "A word to the wise is sufficient." !!!!  |
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arby
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Post by arby on Feb 14, 2019 12:02:30 GMT
fundingsecureIn November you posted the following: "We have been in contact with the borrower today to gain an update on how the development is progressing. They are going to send pictures and information over by email this week." What was the response? Given that you've placed a subsequent development loans against this asset then more regular updates of the development is beneficial.
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rs
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Post by rs on Feb 27, 2019 9:36:30 GMT
See FS latest update. Looks like this might be a good loan. Some tranches on -1% discount still but only for today.
"The borrower has requested - and we have provided, a full redemption statement. They have indicated they have obtained refinance - we are now waiting for proof of the refinance and a timeframe to complete."
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arby
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Post by arby on Feb 27, 2019 13:17:17 GMT
See FS latest update. Looks like this might be a good loan. Some tranches on -1% discount still but only for today.
"The borrower has requested - and we have provided, a full redemption statement. They have indicated they have obtained refinance - we are now waiting for proof of the refinance and a timeframe to complete."
It's tempting of course, but it's a pure gamble to gain 1%. It's always good to remember that you're putting 100% at risk in order to gain 1%. This forces you to take another look at the underlying security and assess whether you feel it's a sensible investment if the refinance doesn't take place. Also, as there have been so many tranches of these loans, most people will be close to their appetite with them already.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Feb 27, 2019 13:27:23 GMT
See FS latest update. Looks like this might be a good loan. Some tranches on -1% discount still but only for today.
"The borrower has requested - and we have provided, a full redemption statement. They have indicated they have obtained refinance - we are now waiting for proof of the refinance and a timeframe to complete."
It's tempting of course, but it's a pure gamble to gain 1%. It's always good to remember that you're putting 100% at risk in order to gain 1%. This forces you to take another look at the underlying security and assess whether you feel it's a sensible investment if the refinance doesn't take place. Also, as there have been so many tranches of these loans, most people will be close to their appetite with them already. Also, how can you be sure of what you aren't told about the Loan? Or the Borrower? As has been demonstrated numerous times.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 27, 2019 14:07:50 GMT
It's tempting of course, but it's a pure gamble to gain 1%. It's always good to remember that you're putting 100% at risk in order to gain 1%. This forces you to take another look at the underlying security and assess whether you feel it's a sensible investment if the refinance doesn't take place. Also, as there have been so many tranches of these loans, most people will be close to their appetite with them already. Also, how can you be sure of what you aren't told about the Loan? Or the Borrower? As has been demonstrated numerous times. Good to see the sunny weather is not reflected in your attitude towards FS .  Just a reminder the 1% is Capital not interest. It can double the APR
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rs
Member of DD Central
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Post by rs on Feb 27, 2019 14:51:55 GMT
See FS latest update. Looks like this might be a good loan. Some tranches on -1% discount still but only for today.
"The borrower has requested - and we have provided, a full redemption statement. They have indicated they have obtained refinance - we are now waiting for proof of the refinance and a timeframe to complete."
It's tempting of course, but it's a pure gamble to gain 1%. It's always good to remember that you're putting 100% at risk in order to gain 1%. This forces you to take another look at the underlying security and assess whether you feel it's a sensible investment if the refinance doesn't take place. Also, as there have been so many tranches of these loans, most people will be close to their appetite with them already. 1% is always better than 0%.
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michaelc
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Say No To T.D.S.
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Post by michaelc on Feb 27, 2019 15:12:40 GMT
See FS latest update. Looks like this might be a good loan. Some tranches on -1% discount still but only for today.
"The borrower has requested - and we have provided, a full redemption statement. They have indicated they have obtained refinance - we are now waiting for proof of the refinance and a timeframe to complete."
I've lost count of the number of redemption statements requested. The vast majority of such updates are not followed by payment. The idea that someone would use an update like that as the basis to make just 1% when they risk 10x or 100x that is surely utterly crazy.
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arby
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Post by arby on Feb 27, 2019 15:13:19 GMT
It's tempting of course, but it's a pure gamble to gain 1%. It's always good to remember that you're putting 100% at risk in order to gain 1%. This forces you to take another look at the underlying security and assess whether you feel it's a sensible investment if the refinance doesn't take place. Also, as there have been so many tranches of these loans, most people will be close to their appetite with them already. 1% is always better than 0%. It's 1% vs -100% that is to be weighed up.
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trium
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Post by trium on Feb 27, 2019 23:03:20 GMT
I did flirt with the idea of a speculative top-up. For about thirty seconds. But some have obviously been tempted as the 13% loan on No 9 is no longer available at -1% though there's still plenty of the 12% loan to the same borrower (and subject to the same update) on Nos 1-3.
If you do fancy a gamble beware of being attracted to the highest "effective rate" offered by the oldest tranches because, of course, all these will actually repay (or not as the case may be) on the same date. Therefore all actual effective rates will be roughly the same so it makes sense to pay less accrued interest on a more recent tranche and to retain the option to sell on for longer (subject to not being suspended)
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 28, 2019 0:49:25 GMT
I did flirt with the idea of a speculative top-up. For about thirty seconds. But some have obviously been tempted as the 13% loan on No 9 is no longer available at -1% though there's still plenty of the 12% loan to the same borrower (and subject to the same update) on Nos 1-3. If you do fancy a gamble beware of being attracted to the highest "effective rate" offered by the oldest tranches because, of course, all these will actually repay (or not as the case may be) on the same date. Therefore all actual effective rates will be roughly the same so it makes sense to pay less accrued interest on a more recent tranche and to retain the option to sell on for longer (subject to not being suspended) They are more likely to renew making the effective rate accurate.
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arby
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Post by arby on Feb 28, 2019 7:23:49 GMT
I did flirt with the idea of a speculative top-up. For about thirty seconds. But some have obviously been tempted as the 13% loan on No 9 is no longer available at -1% though there's still plenty of the 12% loan to the same borrower (and subject to the same update) on Nos 1-3. If you do fancy a gamble beware of being attracted to the highest "effective rate" offered by the oldest tranches because, of course, all these will actually repay (or not as the case may be) on the same date. Therefore all actual effective rates will be roughly the same so it makes sense to pay less accrued interest on a more recent tranche and to retain the option to sell on for longer (subject to not being suspended) They are more likely to renew making the effective rate accurate. Given some tranches are over 100 days late and more funds are needed for development then I think renewal (with FS) is far from the developer's mind
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