SteveT
Member of DD Central
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Post by SteveT on May 24, 2019 10:46:53 GMT
Hmmm, good to see another new borrower, and another UK company that actually appears to make money making stuff. But I do wish a loan secured against wasting assets (in this case, chattels mortgage over production machinery) was structured as amortising rather than interest only.
Note to self: probably wise to exit before term!
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criston
Member of DD Central
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Post by criston on May 24, 2019 11:18:35 GMT
Could have done with a formal valuation of equipment.
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SteveT
Member of DD Central
Posts: 6,871
Likes: 7,915
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Post by SteveT on May 24, 2019 11:34:27 GMT
Could have done with a formal valuation of equipment. As currently installed and operating, or potential liquidation sale value?! We all know that "book value" is unlikely to be anything less than a straight-line depreciation of the original purchase price...
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blender
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Post by blender on May 24, 2019 12:58:36 GMT
Hmmm, good to see another new borrower, and another UK company that actually appears to make money making stuff. But I do wish a loan secured against wasting assets (in this case, chattels mortgage over production machinery) was structured as amortising rather than interest only. Note to self: probably wise to exit before term! Yes, yes. Almost always wise to exit before term.
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SteveT
Member of DD Central
Posts: 6,871
Likes: 7,915
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Post by SteveT on May 24, 2019 13:19:15 GMT
Halfway to the £250k minimum within 15 minutes or so.
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sapphire
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Post by sapphire on May 24, 2019 13:27:36 GMT
Halfway to the £250k minimum within 15 minutes or so. Looks like there are plenty of investors with a sweet tooth!
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groon
Posts: 38
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Post by groon on May 24, 2019 13:56:09 GMT
Halfway to the £250k minimum within 15 minutes or so. Does that make it half-baked?
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Post by GSV3MIaC on May 24, 2019 13:56:47 GMT
Did I miss details of the bid limits, or did ablrate fail to set one again??
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Post by flobberchops on May 24, 2019 13:59:44 GMT
No mention of bid limits on the loan itself, but it's still just over 50% unfilled.
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sapphire
Member of DD Central
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Post by sapphire on May 24, 2019 14:52:01 GMT
A "share pledge" is one of the (backup) securities on this loan.
How robust as a form of security is a share pledge? (assuming the underlying share price/value is unchanged.)
Is a share pledge secure like a first charge on a property i.e. cannot be sold without permission of the lenders?
Does this have some potential loopholes / flaws i.e. something the share owner can wriggle out of if it needs to be exercised?
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blender
Member of DD Central
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Post by blender on May 24, 2019 16:02:08 GMT
Did I miss details of the bid limits, or did ablrate fail to set one again?? They didn't fail to set a limit; they chose not to. Still 30% left. I suppose they would have difficulty in setting a limit on one loan but not on the other. That would be making a comparative statement!
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Post by Ace on May 24, 2019 17:50:10 GMT
Only 5% left now, so better hurry if you want some.
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Post by Ace on May 24, 2019 18:21:42 GMT
All gone.
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nw99
Posts: 340
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Post by nw99 on May 24, 2019 20:28:20 GMT
Superb new loan
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Post by gravitykillz on May 25, 2019 20:10:19 GMT
A bit too risky for my liking. As reflected by the high interest rate. I prefer my lending to be secured on a property. I don't mind a lower rate but I want my money back in the end.
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