blender
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Post by blender on Aug 4, 2020 20:29:41 GMT
You can get to it through the 'other loans' tab on the 'details' page for 120. That's the only way you can get to connected loans which you do not hold and which are not trading.
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Post by Badly Drawn Stickman on Aug 5, 2020 10:44:13 GMT
Not at all. Clearly he noticed that the admin note sent by someone at 16:48 was really not good enough and gave the borrower a good talking to - whereupon they thought more about planning to miss today's payment till 7th and then having a nice chat sometime about a schedule for getting back up to date when convenient etc. A much better note sent at 18:32. There's a lot going on. This borrower pays those who shout loudest, imo.
I thought I was mocking you - and all the time ...
I am not getting messages on 120. Are you referring to 124, which I don't hold & cannot access. I may be wrong but assumed that if you were 'following' a loan you would get the updates. I get updates about loans I don't currently hold but have an interest in. More generally, despite yesterdays updates being a touch curious, maybe a case of the left hand and the right hand working independently. I think there is a growing annoyance that this loan is not up to date and tradeable (the e is optional). Yes it is good that interest payment are being made but some obviously crave the liquidity currently (for my part I am happy to buy at a modest discount). Clearly a route map on the schedules is needed, or at least a discussion about discussing the former.
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blender
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Post by blender on Aug 5, 2020 11:02:53 GMT
Speaking personally, being able to trade is not the issue as I have only a few hundred left in this. Ablrate has been excellent at providing liquidity. The problem with this borrower is inconsistency, imo. This is a plc and shares are being traded by the public, while at the same time, just after successful fundraising, the co. cannot find the cash to take its key loans, interest only loans, out of a serious default position (I mean it is in default, not actually defaulted though the forbearance of lenders). What is the true position - and do the share buyers know? The excuses sound like a complicated version of 'the cheque is in the post'.
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criston
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Post by criston on Aug 16, 2020 11:39:42 GMT
120 payout due today & currently running 3 payments behind.
No update since 17/7/20 after a payment was received the day before & allocated to Aprils unpaid payment.
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ganymede
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Post by ganymede on Aug 17, 2020 8:37:57 GMT
120 payout due today & currently running 3 payments behind. No update since 17/7/20 after a payment was received the day before & allocated to Aprils unpaid payment. There are admin notes under #124 that should apply to #120.
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picnicman
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Post by picnicman on Aug 17, 2020 12:29:29 GMT
120 payout due today & currently running 3 payments behind. No update since 17/7/20 after a payment was received the day before & allocated to Aprils unpaid payment. There are admin notes under #124 that should apply to #120. - not in 124 and cannot access details as loan is paused on the secondary market. If this is the case, it is somewhat sloppy? Anyway would you mind providing a short synopsis please? Cheers P
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sapphire
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Post by sapphire on Aug 17, 2020 12:45:08 GMT
There are admin notes under #124 that should apply to #120. - not in 124 and cannot access details as loan is paused on the secondary market. If this is the case, it is somewhat sloppy? Anyway would you mind providing a short synopsis please? Cheers P One can access details on all loans, including paused ones, using the links on this thread: link
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ganymede
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Post by ganymede on Aug 17, 2020 16:42:30 GMT
There are admin notes under #124 that should apply to #120. - not in 124 and cannot access details as loan is paused on the secondary market. If this is the case, it is somewhat sloppy? Anyway would you mind providing a short synopsis please? Cheers P If you go to loan 120, then try the other loans tab you should see 124.
The last update was on the 4 August, CBIL's funds expected within 10days, once arrive meet and would issue a full update.
Once you get to 124, you should be able select to follow the loan. To get email updates.
There has since been an update for 120, I expect this is a single months interest payment and not a full catch up, and guessing still waiting on these CBIL's funds to arrive, clear at the bank.
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ganymede
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Post by ganymede on Aug 18, 2020 9:46:09 GMT
I had the payment for 120 today, there is also an update for both 120 and 124. As thought they are still waiting on CBIL's funds, and really not the borrower that's holding things up it will be one of the large banks or Government.
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Post by Badly Drawn Stickman on Oct 2, 2020 18:56:31 GMT
ablrate fairly unimportant in the scheme of things but the updates today seem to me, to be attributing the payment to the wrong month. As in today's was the payment for July rather than August? I might be wrong there was a lot of red dots to wade through. I mentally pictured myself looking for the blue ball in a giant ball pit, not sure it helped (could it be made searchable maybe?)
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TitoPuente
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Post by TitoPuente on Oct 21, 2020 10:16:07 GMT
The company just announced a new acquisition for a consideration of £550k of which £350k are being paid in cash. It is great to learn that these guys are making progress with their business plan, but at the same time it feels unfair that they are unwilling to bring their ABL loans to date.
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iren
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Post by iren on Oct 21, 2020 10:42:50 GMT
The company just announced a new acquisition for a consideration of £550k of which £350k are being paid in cash. It is great to learn that these guys are making progress with their business plan, but at the same time it feels unfair that they are unwilling to bring their ABL loans to date. To compensate for the risk we’re taking, we need our piece of the pie as it goes along. That’s all we get: we’re not exposed to the upside if a new acquisition goes well, but we are exposed to the downside if it all goes wrong. Unacceptable.
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Post by ablrate on Oct 21, 2020 11:58:23 GMT
The company just announced a new acquisition for a consideration of £550k of which £350k are being paid in cash. It is great to learn that these guys are making progress with their business plan, but at the same time it feels unfair that they are unwilling to bring their ABL loans to date. To compensate for the risk we’re taking, we need our piece of the pie as it goes along. That’s all we get: we’re not exposed to the upside if a new acquisition goes well, but we are exposed to the downside if it all goes wrong. Unacceptable. We have a conference call with them tommorrow, but I guess that is always the argument with the nature of debt vs equity. The company would, I imagine, willingly swap the debt for equity but would you give up the security on the assets?
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iren
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Post by iren on Oct 21, 2020 12:35:45 GMT
To compensate for the risk we’re taking, we need our piece of the pie as it goes along. That’s all we get: we’re not exposed to the upside if a new acquisition goes well, but we are exposed to the downside if it all goes wrong. Unacceptable. We have a conference call with them tommorrow, but I guess that is always the argument with the nature of debt vs equity. The company would, I imagine, willingly swap the debt for equity but would you give up the security on the assets? I wouldn’t swap for equity. My intention was to build on Titopuente’s point regarding the unreasonability of a company venturing into an acquisition while not maintaining interest only loans to date. Part of the “security” of a loan is the receipt of the monthly payment (our share of the pie, as I described it), limiting the downside in the event that the company at any stage faces difficulties.
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Post by ablrate on Oct 21, 2020 12:45:57 GMT
We have a conference call with them tommorrow, but I guess that is always the argument with the nature of debt vs equity. The company would, I imagine, willingly swap the debt for equity but would you give up the security on the assets? I wouldn’t swap for equity. My intention was to build on Titopuente’s point regarding the unreasonability of a company venturing into an acquisition while not maintaining interest only loans to date. Part of the “security” of a loan is the receipt of the monthly payment (our share of the pie, as I described it), limiting the downside in the event that the company at any stage faces difficulties. Ahh OK. Well I certainly agree with you on that point... and it will be part of the conversation tommorrow for sure.
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