|
|
Post by stevefindlay on Aug 1, 2019 21:48:16 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. I still have investments stuck with BondMason since over 2 years ago when you kicked out those with investments of less than £5000, I haven't been receiving these monthly updates. Any progress on getting my funds still stuck with you back? Please contact us so we can review your account. Sounds as though you have a few positions left in recovery / watch list.
|
|
garfield
Member of DD Central
Posts: 490 
Likes: 268
|
Post by garfield on Aug 2, 2019 21:15:42 GMT
Thanks Steve for all your efforts to repay our investments. My OH and I both got significantly more back this month than we expected after viewing our accounts earlier in the week. Not that we're in any hurry! We've got to find new homes rather sooner than expected! I hope you're able to relax over the summer holidays...
|
|
|
|
Post by stevefindlay on Aug 2, 2019 22:41:27 GMT
Thanks Steve for all your efforts to repay our investments. My OH and I both got significantly more back this month than we expected after viewing our accounts earlier in the week. Not that we're in any hurry! We've got to find new homes rather sooner than expected! I hope you're able to relax over the summer holidays... Thank you for the positive feedback. We continue to work hard on the loan book wind-down, and we've just launched two new investment services www.BRIXim.com and www.WOMENim.com (as our new focus to replace the BondMason Core service) so it may be a busy summer ahead!
|
|
pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Aug 6, 2019 10:35:00 GMT
Thanks Steve for all your efforts to repay our investments. My OH and I both got significantly more back this month than we expected after viewing our accounts earlier in the week. Not that we're in any hurry! We've got to find new homes rather sooner than expected! I hope you're able to relax over the summer holidays... Thank you for the positive feedback. We continue to work hard on the loan book wind-down, and we've just launched two new investment services www.BRIXim.com and www.WOMENim.com (as our new focus to replace the BondMason Core service) so it may be a busy summer ahead! I can't decide if I like the idea of the latter or not! Especially as "charities and initiatives supporting gender diversity" could cover a multitude of sins. But well done for coming up with something different.
|
|
|
|
Post by stevefindlay on Aug 12, 2019 8:52:59 GMT
July payments: we made payments totalling £2.2M at the beginning of August. We've now returned a total of 24.9% in 9 weeks since our announcement to cease new investments in the BondMason Core service.
These payment should have hit your account last week and the week before.
|
|
|
|
Post by portlandbill on Aug 13, 2019 12:15:49 GMT
so were those July payments, or August payments?
|
|
Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
|
Post by Greenwood2 on Aug 13, 2019 12:55:34 GMT
so were those July payments, or August payments? Presumably collected during July and paid beginning of August.
|
|
|
|
Post by buzzablinio on Aug 14, 2019 12:20:37 GMT
Hmmm, just about 7% of my portfolio paid back so far...as this wind down process advances I suspect I'm going to be left with a large chunk of inaccessible loans with no resources allocated to chasing them up  |
|
|
|
Post by eascogo on Aug 14, 2019 13:05:47 GMT
Hmmm, just about 7% of my portfolio paid back so far...as this wind down process advances I suspect I'm going to be left with a large chunk of inaccessible loans with no resources allocated to chasing them up . BM's repayment have reduced my portfolio of around 15k to 79% since end of May. This is marginally lower than BM's stated overall return of 24.9% but still broadly in line. Your stated figure of 7% is so wide off the mark that I would want to double-check your figure.
|
|
|
|
Post by propman on Aug 14, 2019 15:55:06 GMT
Hmmm, just about 7% of my portfolio paid back so far...as this wind down process advances I suspect I'm going to be left with a large chunk of inaccessible loans with no resources allocated to chasing them up . BM's repayment have reduced my portfolio of around 15k to 79% since end of May. This is marginally lower than BM's stated overall return of 24.9% but still broadly in line. Your stated figure of 7% is so wide off the mark that I would want to double-check your figure. depends whether any are on Watchlist etc. If holdings were previously sold down these will be a higher proportion of the remainder.
|
|
|
|
Post by buzzablinio on Aug 15, 2019 18:27:23 GMT
buzzablinio . BM's repayment have reduced my portfolio of around 15k to 79% since end of May. This is marginally lower than BM's stated overall return of 24.9% but still broadly in line. Your stated figure of 7% is so wide off the mark that I would want to double-check your figure. depends whether any are on Watchlist etc. If holdings were previously sold down these will be a higher proportion of the remainder. Circa 20k invested ...circa 1.7k refunded so far ....hmmm circa 8.5% returned ...
|
|
|
|
Post by roberti on Aug 16, 2019 6:36:48 GMT
I still have investments stuck with BondMason since over 2 years ago when you kicked out those with investments of less than £5000, I haven't been receiving these monthly updates. Any progress on getting my funds still stuck with you back? Please contact us so we can review your account. Sounds as though you have a few positions left in recovery / watch list.
ALSO if we have cash sitting in our accounts why must be wait until the beginning of the month for transfer...why can't we request a withdrawal like before??? I'm particularly interested on the status of COLLATERAL Loans funded via Bondmason.... How about advising how BM plan to deal with this mess as part of the wind - down?? I'm Concerned, like many, after BM move away from 'core' product activities.... Can BM give some info / assurances?? Thanks, looking forward to your responses, Steve.
|
|
|
|
Post by stevefindlay on Aug 18, 2019 19:39:19 GMT
Please contact us so we can review your account. Sounds as though you have a few positions left in recovery / watch list.
ALSO if we have cash sitting in our accounts why must be wait until the beginning of the month for transfer...why can't we request a withdrawal like before??? I'm particularly interested on the status of COLLATERAL Loans funded via Bondmason.... How about advising how BM plan to deal with this mess as part of the wind - down?? I'm Concerned, like many, after BM move away from 'core' product activities.... Can BM give some info / assurances?? Thanks, looking forward to your responses, Steve. Following a round of redundancies in May/June the remaining team remain committed to achieving the best possible outcome for BM Core clients. This is our priority. We aren't processing cash withdrawals every day, so we can stay focused on loan collections within the month. If you have an urgent cash request, fine, but we are trying to maximise the amount of time we spend on bringing back funds. Re Coll: next creditor committee meeting in October. We should know more then. Re Email: if you fully liquidated your account prior to our announcement on 23 May, then your account is not set up to receive the monthly emails. If you would like to be included, email us at invest@bondmason.com
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Aug 20, 2019 13:07:17 GMT
Steve , I haven't been receiving emails regarding monthly updates, either.
ALSO if we have cash sitting in our accounts why must be wait until the beginning of the month for transfer...why can't we request a withdrawal like before??? I'm particularly interested on the status of COLLATERAL Loans funded via Bondmason.... How about advising how BM plan to deal with this mess as part of the wind - down?? I'm Concerned, like many, after BM move away from 'core' product activities.... Can BM give some info / assurances?? Thanks, looking forward to your responses, Steve. Following a round of redundancies in May/June the remaining team remain committed to achieving the best possible outcome for BM Core clients. This is our priority. We aren't processing cash withdrawals every day, so we can stay focused on loan collections within the month. If you have an urgent cash request, fine, but we are trying to maximise the amount of time we spend on bringing back funds. Re Coll: next creditor committee meeting in October. We should know more then. Re Email: if you fully liquidated your account prior to our announcement on 23 May, then your account is not set up to receive the monthly emails. If you would like to be included, email us at invest@bondmason.com Hi Steve, would it not make sense for BM to round up all investors who have investments waiting for repayment, to be automatically included in the email updates? I'd expect people who attempted to liquidate a short while before BM wind down, to be equally in need of information about why it might take so long. I tried to close my account a short few weeks beforehand and still have >20% in late payment/recovery.
|
|
|
|
Post by stevefindlay on Sept 4, 2019 12:13:52 GMT
August payments: we made payments totalling £1.1M this week (the beginning of September). We've now returned a total of 30.6% in 14 weeks since our announcement to cease new investments in the BondMason Core service.
These payments should hit your account this week.
|
|
