travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
|
Post by travolta on Mar 17, 2020 18:26:31 GMT
poo.
|
|
|
|
Post by p2pdemon on Mar 17, 2020 18:30:34 GMT
To the point. What is poo?
|
|
KoR_Wraith
Member of DD Central
Posts: 293 
Likes: 297
|
Post by KoR_Wraith on Mar 17, 2020 18:37:26 GMT
I became increasingly concerned by the delay of the IPO listing and sold at a small discount a couple of months ago. With coronavirus causing economic chaos I'd be seriously considering the current 80% offer to buy if I had any left.
Edit: Just noticed the buy offer is only for £8
|
|
travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
|
Post by travolta on Mar 17, 2020 18:57:12 GMT
To the point. What is poo? a disparaging remark. To poo poo something.
|
|
|
|
Post by p2pdemon on Mar 17, 2020 19:00:01 GMT
A wise move I think. If we do see a repayment this week, I still think this will default further down the line. I think that the IPO was premature. All the businesses in the group are recently acquired, only forecasts to go on etc. I'm intrigued to know why the Founding Dir has resigned. 3 Directors left. One head up a company in the Health Sector and said that'V**can takes up less than one day a month of his time (on twitter). So not heavily involved The other two have only been appointed in the last couple of months. Concerns were raised on another thread a little while ago but posters were told that because of the IPO information couldn't be shared. Zilch info coming out of these guys for quite some time. Of course, they could just be using the chaos to take a little break from their repayments.  . |
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Mar 17, 2020 19:29:51 GMT
I became increasingly concerned with the delay in the IPO listing and sold at a small discount a couple of months ago. With coronavirus causing economic chaos I'd be seriously considering the current 80% offer to buy if I had any left. Edit: Just noticed the buy offer is only for £8 People are buying int he mid-80s anyway. Good thing about a platform like ABL paying 12-15% is that when you really need some hefty discounts to shift stuff in a hurry, it doesn't put too much of a dent in the XIRR which remains comfortably in double figures.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Mar 17, 2020 19:35:22 GMT
I became increasingly concerned with the delay in the IPO listing and sold at a small discount a couple of months ago. With coronavirus causing economic chaos I'd be seriously considering the current 80% offer to buy if I had any left. Edit: Just noticed the buy offer is only for £8 People are buying int he mid-80s anyway. Good thing about a platform like ABL paying 12-15% is that when you really need some hefty discounts to shift stuff in a hurry, it doesn't put too much of a dent in the XIRR which remains comfortably in double figures. Having said that could REALLY do with the F*****n loans and the Const****a loans repaying soon. Hoping the refinances haven't been derailed.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Mar 17, 2020 19:40:58 GMT
To the point. What is poo? a disparaging remark. To poo poo something. Jesus, I'm not even Pommy and I know it's "Pooh Pooh" 
|
|
|
|
Post by df on Mar 17, 2020 20:24:28 GMT
I became increasingly concerned with the delay in the IPO listing and sold at a small discount a couple of months ago. With coronavirus causing economic chaos I'd be seriously considering the current 80% offer to buy if I had any left. Edit: Just noticed the buy offer is only for £8 People are buying int he mid-80s anyway. Good thing about a platform like ABL paying 12-15% is that when you really need some hefty discounts to shift stuff in a hurry, it doesn't put too much of a dent in the XIRR which remains comfortably in double figures. In my book, ABL is the most efficient out of high interest paying platforms. Well, most of others are in admin or wind down now... SM has been very good to suit all and trouble loans were taken care of well. If 120/124 collapses and the airplanes in Bulgaria never take off, I'll still be in good profit with ABL.
|
|
travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
|
Post by travolta on Mar 17, 2020 21:20:32 GMT
a disparaging remark. To poo poo something. Jesus, I'm not even Pommy and I know it's "Pooh Pooh" No , thats AA Milne's Bear,you Dingo.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Mar 19, 2020 18:30:10 GMT
I am in two minds with this one, it has done well for me up until now. However I do not want to get stuck in another paused loan.
Worth holding out for payment or you reckon it is time to get out at all costs?
|
|
|
|
Post by p2pdemon on Mar 20, 2020 6:51:25 GMT
I am in two minds with this one, it has done well for me up until now. However I do not want to get stuck in another paused loan. Worth holding out for payment or you reckon it is time to get out at all costs? I would say get out at all costs. This one has been ringing alarm bells for me for some time. The IPO was supposed to happen in August.7 months on, still no update except to be told there will be no running commentaries. I think they were trying to run before they could walk. They've acquired a couple of companies in the last year via P2P lending, none of which are particularly successful although M* O****** seems to be the best performer. None of the companies compliment each other and while they claim they are precision engineering, I wouldn't class shoe tacks and fire doors as precision engineering. There is another company on their website that they say they are in the process of acquiring but it has been like this for some time, with no movement. None of the Directors seem to have any experience in the field and the founding director has just left. I don't believe the IPO will ever happen and I think the tide was going to turn on this one before the Corona pandemic. The Corona Pandemic has been a gift from God as an excuse for, at the very least, a payment holiday. None of the companies are in sectors that would have been so quickly impacted by Covid-19. The banking system is still working so it beggars the question - where is this months payment? Blaming Corona doesn't wash with me. How does it stop them making an electronic payment? If they were in the leisure industry, it would be a different kettle of fish.Get out. If you can.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Mar 20, 2020 7:51:33 GMT
I am in two minds with this one, it has done well for me up until now. However I do not want to get stuck in another paused loan. Worth holding out for payment or you reckon it is time to get out at all costs? I would say get out at all costs. This one has been ringing alarm bells for me for some time. The IPO was supposed to happen in August.7 months on, still no update except to be told there will be no running commentaries. I think they were trying to run before they could walk. They've acquired a couple of companies in the last year via P2P lending, none of which are particularly successful although M* O****** seems to be the best performer. None of the companies compliment each other and while they claim they are precision engineering, I wouldn't class shoe tacks and fire doors as precision engineering. There is another company on their website that they say they are in the process of acquiring but it has been like this for some time, with no movement. None of the Directors seem to have any experience in the field and the founding director has just left. I don't believe the IPO will ever happen and I think the tide was going to turn on this one before the Corona pandemic. The Corona Pandemic has been a gift from God as an excuse for, at the very least, a payment holiday. None of the companies are in sectors that would have been so quickly impacted by Covid-19. The banking system is still working so it beggars the question - where is this months payment? Blaming Corona doesn't wash with me. How does it stop them making an electronic payment? If they were in the leisure industry, it would be a different kettle of fish.Get out. If you can. Strangely since my comment, some of my holdings were bought on the SM and the discount rate people are selling it at has reduced. So somebody must have faith in them..
|
|
|
|
Post by p2pdemon on Mar 20, 2020 7:56:35 GMT
Good for them. I personally am glad to be shot of them.
|
|
|
|
Post by ablrate on Mar 20, 2020 7:58:32 GMT
I am in two minds with this one, it has done well for me up until now. However I do not want to get stuck in another paused loan. Worth holding out for payment or you reckon it is time to get out at all costs? I would say get out at all costs. This one has been ringing alarm bells for me for some time. The IPO was supposed to happen in August.7 months on, still no update except to be told there will be no running commentaries. I think they were trying to run before they could walk. They've acquired a couple of companies in the last year via P2P lending, none of which are particularly successful although M* O****** seems to be the best performer. None of the companies compliment each other and while they claim they are precision engineering, I wouldn't class shoe tacks and fire doors as precision engineering. There is another company on their website that they say they are in the process of acquiring but it has been like this for some time, with no movement. None of the Directors seem to have any experience in the field and the founding director has just left. I don't believe the IPO will ever happen and I think the tide was going to turn on this one before the Corona pandemic. The Corona Pandemic has been a gift from God as an excuse for, at the very least, a payment holiday. None of the companies are in sectors that would have been so quickly impacted by Covid-19. The banking system is still working so it beggars the question - where is this months payment? Blaming Corona doesn't wash with me. How does it stop them making an electronic payment? If they were in the leisure industry, it would be a different kettle of fish.Get out. If you can. Just saying that you need to be very careful on this board. This could amount to financial advice. In these times especially, that is not helpful.
|
|
. 
