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 27, 2015 10:51:52 GMT
#101 W. L**cs C**e H**e Interest is now displaying as 0% To be expected as it has hit its revised term date. Thats the way the system seems to work, Coloured Timber did the same yesterday, and possible that accrued interest will also be wrong going forward as a result.
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sosilly
New Member
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Post by sosilly on Mar 28, 2015 5:28:45 GMT
Maybe useful to someone. Meant to be updated daily - last update time is the first line (note timezone - GMT+8 or BST+7) and no differentiation between an answer and a question. Usual caveats apply: no promises. Most recent updates first. sosilly.co.uk/AC.txtEdit: This is automatically updated daily at approximate the same time (UK breakfast time + any additional manual updates for me, as I am GMT+8), but if your browser displays the text file you may need to refresh to get the latest version. If anyone wants I can post the script used to make this file - it is very easily edited to only consider `your loans' rather than all active loans. |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 28, 2015 9:32:30 GMT
Anyone clicked on that link yet? ed. OK, thanks very much sosilly |
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Post by Come_on_Grandad on Mar 28, 2015 9:38:50 GMT
Maybe useful to someone. Meant to be updated daily - last update time is the first line (note timezone - GMT+8 or BST+7) and no differentiation between an answer and a question. Usual caveats apply: no promises. Most recent updates first. sosilly.co.uk/AC.txtThank you. This is indeed very useful ... I found news on several loans that I was unaware of. Who would have guessed from the content of this thread that about three dozen loans have had some sort of update in the last week. It would be so easy for AC to allow lenders to sort the "Browse Loans" display by last update date ... Colin and davidricketts1 and chris please note.
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Post by Ton ⓉⓞⓃ on Mar 29, 2015 23:14:53 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 Thanks for the covie trackers, the EBITDA:DSC makes sense to me The second one, I've slight query (Debtors:Debt). The £107k is this the equity in the second charges, it seems to be listed as cash. Is this cash on hand?
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 30, 2015 2:06:21 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 What happens if a borrower covenant gets a "Fail". Do you treat it like a default and stop trading?
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Post by davidricketts1 on Mar 30, 2015 7:15:07 GMT
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 What happens if a borrower covenant gets a "Fail". Do you treat it like a default and stop trading? A good question sqh but not one that has a simple answer.
All depends on the level of the breach. A slight breach would probably result in AC taking a viewing and agreeing to waive the breach (i.e. missing an Asset Cover covenant pass by 0.03x) but something more serious (along the lines of the WT) would probably result in us asking lenders to vote on potential ways forward.
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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
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Post by ilmoro on Mar 30, 2015 23:54:38 GMT
Updates #41 E******* Everybody was in meetings so unable to have meeting (disappointingly nobody kung fu fighting  #103 Notlob - property sale this week allowing full repayment capital+ interest shortly #146 Leaky Pipes - admins report #82 C**** Ser**** - progress on covenant fulfillment Thanks sosilly for doing the legwork (mods: elljay, Ton ⓉⓞⓃ, is it possible to pin his original post with the link to his update file somewhere obvious on this board) |
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Post by elljay on Mar 31, 2015 7:03:46 GMT
Sounds like a plan, but can only pin threads rather than posts. If you start a "Useful info" thread will pin that...
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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 31, 2015 7:16:44 GMT
Sounds like a plan, but can only pin threads rather than posts. If you start a "Useful info" thread will pin that... Thanks, now done.
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Post by elljay on Mar 31, 2015 7:54:01 GMT
Sounds like a plan, but can only pin threads rather than posts. If you start a "Useful info" thread will pin that... Thanks, now done. Sticky tape applied. 
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Post by oldnick on Mar 31, 2015 12:34:59 GMT
Are you sure we shouldn't be using some of that northern glue - epoxy?
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Post by uncletone on Mar 31, 2015 13:20:41 GMT
Not Ebar Gum?
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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 31, 2015 14:03:41 GMT
#140 W*** G**** - Q&A Expected to repay today - maybe
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
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Post by jonno on Mar 31, 2015 14:19:13 GMT
#140 W*** G**** - Q&A Expected to repay today - maybe Is the pig considering the possibility of de-nesting anytime soon?
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