GreenZero
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The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Jan 26, 2021 19:55:18 GMT
That is good news for the Group
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Post by Badly Drawn Stickman on Jan 27, 2021 10:39:10 GMT
Ah the rainmaker loan, does sound like the loans have become a bit more solid. Probably suggests they may be going soon. Must remember not to buy at a premium.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Feb 2, 2021 17:54:40 GMT
Ah the rainmaker loan, does sound like the loans have become a bit more solid. Probably suggests they may be going soon. Must remember not to buy at a premium. You were right on that front. You've probably seen the update email to say that the loan might be settled within the next six months. At least we have some security, if we have the full picture, that the company is in rude health in order to be able to pay interest for the next few months until they exit and then our capital when they redeem. In these horrendous times, it's good to know that a loan is likely to be fairly secure.
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Post by Badly Drawn Stickman on Feb 2, 2021 18:30:11 GMT
Ah the rainmaker loan, does sound like the loans have become a bit more solid. Probably suggests they may be going soon. Must remember not to buy at a premium. You were right on that front. You've probably seen the update email to say that the loan might be settled within the next six months. At least we have some security, if we have the full picture, that the company is in rude health in order to be able to pay interest for the next few months until they exit and then our capital when they redeem. In these horrendous times, it's good to know that a loan is likely to be fairly secure. You deserve the credit for coming up with the information. I have been picking some up a little below par on the strength of it. looks a good bet as you say, to be honest it was never one I thought very positively about. Maybe the Gold Mine loan would have been OK after all.
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Post by Ace on Feb 2, 2021 18:44:05 GMT
You were right on that front. You've probably seen the update email to say that the loan might be settled within the next six months. At least we have some security, if we have the full picture, that the company is in rude health in order to be able to pay interest for the next few months until they exit and then our capital when they redeem. In these horrendous times, it's good to know that a loan is likely to be fairly secure. You deserve the credit for coming up with the information. I have been picking some up a little below par on the strength of it. looks a good bet as you say, to be honest it was never one I thought very positively about. Maybe the Gold Mine loan would have been OK after all. Yes, I've been hoovering up discounts with any spare cash thanks partly to this info. So, thanks both for posting. Probably not really the pace to mention it, but I've been doing something similar on Brickowner 😉
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Post by df on Feb 2, 2021 20:50:55 GMT
You were right on that front. You've probably seen the update email to say that the loan might be settled within the next six months. At least we have some security, if we have the full picture, that the company is in rude health in order to be able to pay interest for the next few months until they exit and then our capital when they redeem. In these horrendous times, it's good to know that a loan is likely to be fairly secure. You deserve the credit for coming up with the information. I have been picking some up a little below par on the strength of it. looks a good bet as you say, to be honest it was never one I thought very positively about. Maybe the Gold Mine loan would have been OK after all. I've merged this thread into the original to keep it all in one place. Indeed there was a bit of scepticism with regard to this borrower at the start.
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Post by Badly Drawn Stickman on Feb 2, 2021 21:19:01 GMT
You deserve the credit for coming up with the information. I have been picking some up a little below par on the strength of it. looks a good bet as you say, to be honest it was never one I thought very positively about. Maybe the Gold Mine loan would have been OK after all. I've merged this thread into the original to keep it all in one place. Indeed there was a bit of scepticism with regard to this borrower at the start. Good plan merging the threads, thanks. Had a reread from the beginning (often amusing with loans) seems the platform was in ASMX mode back then. Few names who's input I miss as well.
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Post by spareapennyor2 on Mar 15, 2021 13:07:03 GMT
paying back today when it rains it rains
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p2pfan
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Post by p2pfan on Mar 15, 2021 14:20:42 GMT
paying back today when it rains it rains True. Question is will the repayment be before or after the new loan which launches at 4pm? ablrate
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IFISAcava
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Post by IFISAcava on Mar 15, 2021 14:32:29 GMT
You deserve the credit for coming up with the information. I have been picking some up a little below par on the strength of it. looks a good bet as you say, to be honest it was never one I thought very positively about. Maybe the Gold Mine loan would have been OK after all. Yes, I've been hoovering up discounts with any spare cash thanks partly to this info. So, thanks both for posting. Probably not really the pace to mention it, but I've been doing something similar on Brickowner 😉 I thought Brickowner was only a par SM?
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Post by Ace on Mar 15, 2021 14:45:53 GMT
Yes, I've been hoovering up discounts with any spare cash thanks partly to this info. So, thanks both for posting. Probably not really the pace to mention it, but I've been doing something similar on Brickowner 😉 I thought Brickowner was only a par SM? Yes, its a par only SM on BO. As they've only recently introduced an SM, and several of the loans are running very late, there are now sellers who are happy to exit at par. This provides some relatively attractive oportunities for those willing to take the risk.
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IFISAcava
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Post by IFISAcava on Mar 15, 2021 16:27:05 GMT
I thought Brickowner was only a par SM? Yes, its a par only SM on BO. As they've only recently introduced an SM, and several of the loans are running very late, there are now sellers who are happy to exit at par. This provides some relatively attractive oportunities for those willing to take the risk. Ah I see - so you get the full % return for holding for a much shorter time.
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Post by Ace on Mar 15, 2021 16:35:50 GMT
Yes, its a par only SM on BO. As they've only recently introduced an SM, and several of the loans are running very late, there are now sellers who are happy to exit at par. This provides some relatively attractive oportunities for those willing to take the risk. Ah I see - so you get the full % return for holding for a much shorter time. Yes, In some cases the original lenders will have been holding the loans for several years with zero return if they sell now. Be careful to read the latest factsheet for the currently forecast return. The prominent headline values are the original forecasts, which may bare no resemblance to the current values.
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IFISAcava
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Post by IFISAcava on Mar 15, 2021 16:40:59 GMT
Ah I see - so you get the full % return for holding for a much shorter time. Yes, In some cases the original lenders will have been holding the loans for several years with zero return if they sell now. Be careful to read the latest factsheet for the currently forecast return. The prominent headline values are the original forecasts, which may bare no resemblance to the current values. I just did and was shocked to see one that had seemed relatively straightforward now projected to make a loss (even on best case scenarios)! Belatedly put some up for sale behind a long queue but who would buy a loss making deal at par...? Discounts needed for a properly functioning market.
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