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Post by df on Jun 1, 2019 20:42:33 GMT
I'm not a classicist or historian, but I'd suggest a better analogy using the fire of Rome is that we are seeking to arrange an organised evacuation, prior to any fires starting on the horizon... My thought is the fires will start burning brightly in a few days time, when investors get a measure of just how much of their investment is stuck waiting for recovery... Fire extinguishers at the ready  Why in a few days time? Is there any upcoming "surprise" we don't know about? Considering the nature of product, it was ended in best possible way it could (Imo). I've ended it for myself about 6 months ago. So far my "stuck value" is higher than lifetime earnings, but I'm quite confident that I won't end up in loss of capital on BM. If two or three of my non-performing loans repay I'll break even. I don't think closure of BM's Core product will become a topic hot enough for deployment of "fire extinguishers". 
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Post by stevefindlay on Jun 3, 2019 19:32:08 GMT
The 1st monthly cash payments started to be processed this morning. I know quite a few have gone out (and been received already). Please allow most of this week for us to input, check and verify all bank accounts, and make payments.
If you have any questions or concerns, you know where we are:
- invest@bondmason.com (or me directly if you don't get a response in 1 business day: stephen.findlay@bondmason.com)
- 01582 802 000
- 1 The Foresters, Harpenden, AL5 2FB.
Many thanks.
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Post by stevefindlay on Jun 13, 2019 13:10:54 GMT
June repayments: we made payments totalling £1.56M back last week. c.8% of book.
There are a very small number of clients (9) we are waiting to hear back from to confirm bank details. Please call back if you have had a call or email from us to confirm your details.
Many thanks,
Steve
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ashtondav
Member of DD Central
Posts: 1,814 
Likes: 1,092
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Post by ashtondav on Jun 21, 2019 18:21:19 GMT
The 1.5% non deductible fee was a not insignificant nail in the coffin for any honest HR taxpayer.
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Post by stevefindlay on Jul 1, 2019 11:28:38 GMT
July repayments: we've set up repayments totalling 5% of client funds this month. Including last month, clients should now have 12.9% back on average (some will have more, some will have less).
Please look out for the repayments in your nominated bank account this week.
We are still expecting:
- Month 0-6 (ie until end 2019): 60% of funds to be returned
- Month 6-12 (ie H1 2010): 30% of funds to be returned
- Month 12+: 10% of funds to be returned.
Please call 01582 802 000 or email invest@bondmason.com if you have any questions with respect to your account.
Many thanks.
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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Post by zlb on Jul 30, 2019 9:55:58 GMT
July repayments: we've set up repayments totalling 5% of client funds this month. Including last month, clients should now have 12.9% back on average (some will have more, some will have less). Please look out for the repayments in your nominated bank account this week. We are still expecting: - Month 0-6 (ie until end 2019): 60% of funds to be returned - Month 6-12 (ie H1 2010): 30% of funds to be returned - Month 12+: 10% of funds to be returned. Please call 01582 802 000 or email invest@bondmason.com if you have any questions with respect to your account. Many thanks. Hi, I had a return in July for 1% of my remaining funds. I had a lower repayment in June. Therefore I have a LOT less then the average. I was interested in your promised list of partners for this product. Well at least the ones that are accessible to retail. Could you give an update on the BRIX product, I can see your tracker reports. Thanks.
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Post by stevefindlay on Jul 30, 2019 13:19:21 GMT
July repayments: we've set up repayments totalling 5% of client funds this month. Including last month, clients should now have 12.9% back on average (some will have more, some will have less). Please look out for the repayments in your nominated bank account this week. We are still expecting: - Month 0-6 (ie until end 2019): 60% of funds to be returned - Month 6-12 (ie H1 2010): 30% of funds to be returned - Month 12+: 10% of funds to be returned. Please call 01582 802 000 or email invest@bondmason.com if you have any questions with respect to your account. Many thanks. Hi, I had a return in July for 1% of my remaining funds. I had a lower repayment in June. Therefore I have a LOT less then the average. I was interested in your promised list of partners for this product. Well at least the ones that are accessible to retail. Could you give an update on the BRIX product, I can see your tracker reports. Thanks. : Re 1% of remaining funds: please can you drop me a line, and we can take a look at your account? Two reasons could be: (1) you deposited and invested funds in the last few months (Feb-May) or (2) you liquidated funds in (April-May). Re BRIX: we soft launched, and its only available via IFAs and Wealth Managers for now (due to regulatory constraints). Please see BRIXim.com for basic details. We are launching a second investment theme this week, also only via IFAs and Wealth Managers initially. Thank you for your interest in these.
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garfield
Member of DD Central
Posts: 490 
Likes: 268
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Post by garfield on Jul 31, 2019 15:28:30 GMT
I was interested in your promised list of partners for this product. Well at least the ones that are accessible to retail. Hi zlb, these were listed in a Core Investor Update e-mail dated July 4.
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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Post by zlb on Jul 31, 2019 21:14:29 GMT
I was interested in your promised list of partners for this product. Well at least the ones that are accessible to retail. Hi zlb, these were listed in a Core Investor Update e-mail dated July 4. I haven't got a 4th July email. I wonder whether because I'd already closed my account before the wind down. I'll email. Thanks.
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Post by stevefindlay on Aug 1, 2019 8:54:00 GMT
We have another email going out later today for this month's update etc. We will include the list again there. If you have any investments with us, you should receive the emails - please check your spam folder. zlb Nonetheless - please email us at invest@bondmason.com and we can forward you the email. |
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Post by portlandbill on Aug 1, 2019 16:12:45 GMT
Puzzled, why does today's email show the % return for August? Is this a prediction?
And my cash returned today is approx 2 x expected (2 x cash shown in my account earlier today)?
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keystone
Member of DD Central
Posts: 718
Likes: 587
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Post by keystone on Aug 1, 2019 16:35:08 GMT
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kathy
Posts: 38
Likes: 37
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Post by kathy on Aug 1, 2019 19:11:30 GMT
I haven't received an e-mail today. Time now 20:11.
Also I can't recall receiving any previous e-mails either.
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Post by stevefindlay on Aug 1, 2019 21:44:32 GMT
For those who haven't received today's email, please can you check you spam folders to make sure it's not been filtered out of your inbox?
In summary, c12% of funds paid out today. 24.9% in total.
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Post by stevefindlay on Aug 1, 2019 21:47:08 GMT
Puzzled, why does today's email show the % return for August? Is this a prediction? And my cash returned today is approx 2 x expected (2 x cash shown in my account earlier today)? We processed some material month end repayments and interest receipts this morning, before sending out cash. Your cash balance would have increased through the course of today. Hopefully that is a good thing!
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