ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
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Post by ilmoro on Mar 24, 2015 9:03:17 GMT
Capital has now been paid and according to their response on the Q&A accrued interest should have been adjusted to reflect the delay. mikeb as your records are probably more accurate than my maths are you able to verify this? Mine doesnt appear to have changed but thats just from memory which these days has a close affinity with that of a goldfish  All
The advice I got was that providing I moved the due date of the repayment to today (which I did) then the system would automatically update the accrued interest.
This may take overnight to take effect.....
And so it has. Thanks 
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 24, 2015 14:22:30 GMT
#140 W***d G**** via email - repaying today/tomorrow
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Post by chielamangus on Mar 24, 2015 17:25:03 GMT
No notification received as yet. It would be nice to be told.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 24, 2015 17:34:44 GMT
Perhaps it hasn't happened today so we will be told tomorrow.
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mikeb
Posts: 1,072
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Post by mikeb on Mar 24, 2015 19:58:43 GMT
Hmm, so the accrued interest is therefore wrong as they havent repaid the capital they should be paying interest on the old amount not the reduced amount, otherwise investors will potentially be losing out as they could have reinvested those funds in other loans.  as your records are probably more accurate than my maths are you able to verify this? Mine doesnt appear to have changed Yes you guessed right, once the correction was applied it took an "overnight" for it to turn up. Back on track now.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 25, 2015 0:38:18 GMT
Couple of bits buried in Q&As
#47 Dancing teeth - latest accounts
#56 Sbridge - auction for new loan extended to friday
#84 K*** - vote this week probably
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Post by davidricketts1 on Mar 25, 2015 12:07:03 GMT
Update on loans 104, 107, 108, 109 & 111 plus some new docs.
Repayments have also been chased and expect to have these tomorrow. All Repayments are up to date with these loans now. Updates undertaken on loan nos. 85 & 95 this morning as well. Whilst doing these I'd appreciate some feedback. Now I've got some help I'm managing to get to some of the stuff that was further down my list of priorities. One of these was providing lenders with the detail on covenant testing. I've uploaded a document to each of these loans (there are only two borrowers in question here so it's the same doc for each tranche of the loan) that covers the covenants in question for that borrower, what level of cover is being seen according to the latest financials provided and whether that is a "Pass" or a "Fail". Questions I have are: - Do the documents uploaded make sense? - Are they easy to follow? - Anything you can see to improve them? - Anything glaringly obvious missed off? Thanks in advance. David
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 25, 2015 12:30:46 GMT
#57 O****** L*** - suspended -Q&A payment recd but delay in crediting until tomorrow
In passing
#160 Anerobic Digestion - interest rate temporarily increased to 13% until second charge secured - has to drawdown by 31/3 or ?
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acorn
Posts: 118
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Post by acorn on Mar 25, 2015 21:35:31 GMT
#137 Eppy Repayment not acheived so next steps taken. Further update 2 weeks.
#130 H*****y in Q & A, Receivers appointed and first update awaited.
#129 Ippy An agent has been engaged (via A for Inv) to provide an appraisal. Ongoing discussions with Receiver and further update Fri 27/03.
#120 D****t Dev. 2 updates 25/03 1) Monitoring Surveyor Commentary. Progress excellent and well ahead of programme (detail given).
2) Last of retained funds drawn down. Refinance on first 5 units expected to complete mid April and next 2 units approx, 4 weeks later.
#41 E-T*****y Discussions with borrower on Fri 27/03 regarding results of appeal. Update compliance may not be signed off until Monday.
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acorn
Posts: 118
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Post by acorn on Mar 26, 2015 9:30:39 GMT
#79 A*********h H***l Borrower commentary and Management Accounts to 31/12/14.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 26, 2015 17:33:56 GMT
#140 Coloured Stick Development - not repaid as error in some documentation. Maybe tomorrow (50%) more possibly Mon (90%) accrued interest paid (though hasnt reset yet & rate now at zero so may not). New redemption statement issued to include default interest (from Mon?)
Trying to decide whether it would have been better for AC not to notify everyone that repayment was due early but just announce once the funds were received and ready to be credited (same happened with W***** reduction). Just gets everybody excited unnecessarily
EDIT Now suspended
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Mar 27, 2015 9:36:13 GMT
#126 Mid**** Eng****** Bus***** - suspended, payment recd Mon but IT error preventing it being distributed,  #101 W L***** C*** H*** - possible delay in planned repayment, likely to be next week not today, update tbc |
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acorn
Posts: 118
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Post by acorn on Mar 27, 2015 10:02:00 GMT
#101 W. L**cs C**e H**e Interest is now displaying as 0%
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hendragon
Member of DD Central
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Post by hendragon on Mar 27, 2015 10:40:04 GMT
q answered on #39.Also the borrower's website is unavailable, strange for this time of year! (edit:- now back up and running)
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 27, 2015 10:45:09 GMT
#126 Mid**** Eng****** Bus***** - suspended, payment recd Mon but IT error preventing it being distributed, #101 W L***** C*** H*** - possible delay in planned repayment, likely to be next week not today, update tbc AC's IT department seems incapable of getting 126 right ....AGAIN.
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