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Post by Badly Drawn Stickman on Oct 20, 2020 11:19:32 GMT
We have an update coming on these loans so will make sure the security side of things is clarified. When will we be enlightened ? Although I do note the addendum goes into detail to some length, suggesting we have 3 fit outs that could have cost £6m. With fit out assets said to be worth over £3m the LTV appears to between 20% & 25%. Does security for 134 rank equally to 131; I cannot find any reference to this in the documents, although I note 134 SM is selling off cheaper than 131. Remarkably little on the LE (the artist formerly known as SM),. Arguably if it can scrape up the interest (I lost the plot on which are temporary interest only or back to amotising) for however long the current adverse climate continues I would not be overly bothered about the fine details. I tend to save worrying for when interest payments are not made, which experience suggests means the borrower has given up and thinks the asset is not worth keeping. The locations of the 'assets' is probably unfortunate currently, then again that might be an advantage with Government support. I am putting some loose change its way, I like the odd small gamble. Ablrate does have a curious nack for getting blood out of stones.
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mw
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Post by mw on Mar 29, 2021 10:10:57 GMT
Hi ablrateAre these two loans likely to be back on track in April? I did notice some capitalised interest was added on 25/3 Best wishes
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des
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Post by des on Jul 1, 2021 11:23:44 GMT
ablrateAre the remaining outstanding payments going to be capitalised before the repayments are due to resume in 2/6 days?
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Post by westcountry on Jul 4, 2021 13:35:44 GMT
ablrate, now 134 has paid its interest, will it be allowed to trade on the secondary market, please?
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des
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Post by des on Jul 5, 2021 7:48:47 GMT
I don't have the recent 8 months capitalized interest for 131/134, does anyone else?
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Post by ablrate on Jul 5, 2021 8:08:26 GMT
I don't have the recent 8 months capitalized interest for 131/134, does anyone else? The interest is added to the capital outstanding and the loan amortised over the remaining term.
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blender
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Post by blender on Jul 5, 2021 8:09:51 GMT
134 is trading and 131 will follow. I can't see how any buyer can do due diligence on this company/loan. The accounts for 31 Jan 2020 are six months overdue. Rating is zero. Purchasers or punters?
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des
Posts: 119
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Post by des on Jul 5, 2021 8:19:49 GMT
I don't have the recent 8 months capitalized interest for 131/134, does anyone else? The interest is added to the capital outstanding and the loan amortised over the remaining term. Yes, but I haven't had an increase in capital this time, I did for the previous 2 occasions, but nothing now? Date Type Amount Balance Loan AmountType Category Price Capital Price Loan Number Acrd FeeComments 25/03/2021 12:19 Capitalised Interest £1,025.14 £1,025.14 £10,251.39 Int 1000134 Capitalised interest payment 10/09/2020 16:58 Capitalised Interest £715.21 £715.42 £9,536.18 Int 1000134 Capitalised interest payment
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nick
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Post by nick on Jul 5, 2021 10:01:31 GMT
I don't have the recent 8 months capitalized interest for 131/134, does anyone else? The interest is added to the capital outstanding and the loan amortised over the remaining term. ablrate - in respect of loan 134, please can you confirm that the interest has been capitalized and added to the capital outstanding as this does not appear to have happened in respect of my capital holding as displayed under "current investments". The last capital movement I have recorded was the capital repayment dated 3 July 2021 - there hasn't been any movement in the capital balance since then? Edit: making clear that my specific query relates to loan 134
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Post by westcountry on Jul 5, 2021 10:30:54 GMT
The interest is added to the capital outstanding and the loan amortised over the remaining term. ablrate - in respect of loan 134, please can you confirm that the interest has been capitalized and added to the capital outstanding as this does not appear to have happened in respect of my capital holding as displayed under "current investments". The last capital movement I have recorded was the capital repayment dated 3 July 2021 - there hasn't been any movement in the capital balance since then? Edit: making clear that my specific query relates to loan 134 I have the same problem, ablrate, I have attached a screenshot of the capitalised interest transactions on my account, and as you can see there have not been any since the 25th March. Please could you look into this, and rectify it?
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criston
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Post by criston on Jul 5, 2021 11:10:07 GMT
The interest is added to the capital outstanding and the loan amortised over the remaining term. ablrate - in respect of loan 134, please can you confirm that the interest has been capitalized and added to the capital outstanding as this does not appear to have happened in respect of my capital holding as displayed under "current investments". The last capital movement I have recorded was the capital repayment dated 3 July 2021 - there hasn't been any movement in the capital balance since then? Edit: making clear that my specific query relates to loan 134 Same here. Something is wrong.
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Post by ablrate on Jul 5, 2021 13:45:56 GMT
Will take a look and confirm.
Update : The capitalization on the 25/03/21 was including capitalized interest up until June 21, with payments commencing in July as that is when were expecting payments to begin again (and they did).
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des
Posts: 119
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Post by des on Jul 5, 2021 14:55:29 GMT
Will take a look and confirm. Update : The capitalization on the 25/03/21 was including capitalized interest up until June 21, with payments commencing in July as that is when were expecting payments to begin again (and they did). That's just too efficient! Thanks for checking.
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criston
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Post by criston on Jul 13, 2021 11:28:07 GMT
Why is 131 not yet tradeable on ASMX ?
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brush
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Post by brush on Jul 7, 2022 11:20:51 GMT
Will 1000131 pay today as 1000134 payment 4 days late. Hopefully not another 2 to go on my 14th page of non payments
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