Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
|
Post by Investboy on Dec 3, 2015 10:52:32 GMT
From the article above: From Ablrate website: That leaves £16,289,350 to be launched in the next 28 days. Let's brace ourselves !!!!
Or projections gone badly wrong ...
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Dec 3, 2015 11:48:18 GMT
From the article above: From Ablrate website: That leaves £16,289,350 to be launched in the next 28 days. Let's brace ourselves !!!! Or projections gone badly wrong ... A combination of over-ambitious statements and a large setback in underwriting aircraft loans. But this is in the past, adjustments have been made, and we look forward supportively to growth in 2016.
|
|
|
Post by ablrate on Dec 3, 2015 17:45:05 GMT
From the article above: From Ablrate website: That leaves £16,289,350 to be launched in the next 28 days. Let's brace ourselves !!!! Or projections gone badly wrong ... A combination of over-ambitious statements and a large setback in underwriting aircraft loans. But this is in the past, adjustments have been made, and we look forward supportively to growth in 2016. Hi Guys There were various reasons for the statements made last year, not least that we had a commitment for the funds, but there were circumstances that have delayed that for reasons we completely understand. It did give us the opportunity to launch the new system and since then we have other institutions gearing up for 2016. Despite the problems with today's loan (something we are working on diligently), we have been excited to see that the appetite for loans on the platform is growing all the time. We have always said that when we are able to confidently place £1-2 million loans we will be able to significantly increase deal flow in that asset class. Thanks to your support we are getting there, slowly, but we are getting there. ...and by the way, if you happen to have £16,289,350 lying around in the next few weeks.... we have a home for it! Regards Ablrate
|
|
nsinvestor
Member of DD Central
Posts: 105
Likes: 110
|
Post by nsinvestor on Dec 10, 2015 12:19:08 GMT
A combination of over-ambitious statements and a large setback in underwriting aircraft loans. But this is in the past, adjustments have been made, and we look forward supportively to growth in 2016. Hi Guys There were various reasons for the statements made last year, not least that we had a commitment for the funds, but there were circumstances that have delayed that for reasons we completely understand. It did give us the opportunity to launch the new system and since then we have other institutions gearing up for 2016. Despite the problems with today's loan (something we are working on diligently), we have been excited to see that the appetite for loans on the platform is growing all the time. We have always said that when we are able to confidently place £1-2 million loans we will be able to significantly increase deal flow in that asset class. Thanks to your support we are getting there, slowly, but we are getting there. ...and by the way, if you happen to have £16,289,350 lying around in the next few weeks.... we have a home for it! Regards Ablrate
|
|
nsinvestor
Member of DD Central
Posts: 105
Likes: 110
|
Post by nsinvestor on Dec 10, 2015 12:19:44 GMT
The cheque is in the post
|
|
unmadem
Member of DD Central
Posts: 377
Likes: 181
|
Post by unmadem on Dec 10, 2015 13:53:58 GMT
A combination of over-ambitious statements and a large setback in underwriting aircraft loans. But this is in the past, adjustments have been made, and we look forward supportively to growth in 2016. Hi Guys There were various reasons for the statements made last year, not least that we had a commitment for the funds, but there were circumstances that have delayed that for reasons we completely understand. It did give us the opportunity to launch the new system and since then we have other institutions gearing up for 2016. Despite the problems with today's loan (something we are working on diligently), we have been excited to see that the appetite for loans on the platform is growing all the time. We have always said that when we are able to confidently place £1-2 million loans we will be able to significantly increase deal flow in that asset class. Thanks to your support we are getting there, slowly, but we are getting there. ...and by the way, if you happen to have £16,289,350 lying around in the next few weeks.... we have a home for it! Regards Ablrate I am not sure how getting more institutional investors helps us retail investors get more loans, unless you are able to structure deals where retail takes X% and institutions take Y% of a particular loan (either fixed percentage of acting as an underwriter). Is that what you are planning for larger plane loans ablrate ?
I do understand there is an indirect benefit to us of institutional money in giving Ablrate the ability to do extra deals and cover fixed costs etc therefore making the platform more sustainable but the question is specifically about access to loans by retail investors.
|
|