Nomad
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Post by Nomad on Apr 17, 2020 16:58:32 GMT
In today's video update DB-W said he hopes to complete this soon with the help of underwriters.
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hazellend
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Post by hazellend on Apr 17, 2020 17:16:23 GMT
In today's video update DB-W said he hopes to complete this soon with the help of underwriters. Best to hold off and buy from underwriters at discount on secondary market then?
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TitoPuente
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Post by TitoPuente on Apr 18, 2020 9:03:41 GMT
In today's video update DB-W said he hopes to complete this soon with the help of underwriters. Best to hold off and buy from underwriters at discount on secondary market then? Assuming it takes two months to draw down, the discount would need to be at least 2.17% to compensate (Offer @97.8%). If it gets an extension the required discount widens. Have underwriters historically discounted more than this?
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Post by ablrate on Apr 18, 2020 12:51:35 GMT
Best to hold off and buy from underwriters at discount on secondary market then? Assuming it takes two months to draw down, the discount would need to be at least 2.17% to compensate (Offer @97.8%). If it gets an extension the required discount widens. Have underwriters historically discounted more than this? Underwriters are limited to 100%
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sapphire
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Post by sapphire on Apr 25, 2020 14:08:35 GMT
The addendum (to the borrowing proposal) dated 24th March states: Going forward..." During this period there will be a load on the national grid with many people staying at home and it just illustrates how our power grids and energy needs are required to be updated...." This assertion appears to suggest that the Post-COVID environment is expected to benefit the borrower's business due to increased home demand? Isn't this counter-intuitive - whilst the home energy demand can be expected to increase, having regard to the reduction in commercial demand (factories, offices, shops etc.) wouldn't the overall energy demand expected to be much lower? Also, per the following news article a 20% reduction in demand could occur post-COVID: linkAs such doesn't COVID negatively impact the borrower's business, rather than the positive spin suggested by the above assertion in the proposal addendum? Am I missing something?
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Post by ladywhitenap on Apr 25, 2020 15:48:34 GMT
You can follow the demand and the sources of power on the national grid here www.gridwatch.templar.co.uk/ it takes a while to get your head round all the charts and dials etc but there is a lot of stuff there and it is updated every few minutes. (all run by an amateur enthusiast!) Curiously with so many people off work, the overall load has not noticably dropped in the last couple of months. I suspect that industry has kept the lights on (and all their computers) and what little drop in the industry load has been matched by people at home on computers, tv cooking more and relaxing in their hot tubs etc etc. LW
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tommo
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Post by tommo on Apr 25, 2020 16:37:33 GMT
You can follow the demand and the sources of power on the national grid here www.gridwatch.templar.co.uk/ it takes a while to get your head round all the charts and dials etc but there is a lot of stuff there and it is updated every few minutes. (all run by an amateur enthusiast!) Curiously with so many people off work, the overall load has not noticably dropped in the last couple of months. I suspect that industry has kept the lights on (and all their computers) and what little drop in the industry load has been matched by people at home on computers, tv cooking more and relaxing in their hot tubs etc etc. LW Thanks for this. Looks like a really interesting site.
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Post by ladywhitenap on Apr 25, 2020 17:10:23 GMT
You can follow the demand and the sources of power on the national grid here www.gridwatch.templar.co.uk/ it takes a while to get your head round all the charts and dials etc but there is a lot of stuff there and it is updated every few minutes. (all run by an amateur enthusiast!) Curiously with so many people off work, the overall load has not noticably dropped in the last couple of months. I suspect that industry has kept the lights on (and all their computers) and what little drop in the industry load has been matched by people at home on computers, tv cooking more and relaxing in their hot tubs etc etc. LW Thanks for this. Looks like a really interesting site. Arm yourself with a load of facts from there and you can win Nerd of the Month with all your friends and possibly even lose some of them! LW
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blender
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Post by blender on Apr 25, 2020 17:51:53 GMT
With all that lovely data, what do you need friends for?
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Post by Badly Drawn Stickman on Apr 25, 2020 18:04:13 GMT
Thanks for this. Looks like a really interesting site. Arm yourself with a load of facts from there and you can win Nerd of the Month with all your friends and possibly even lose some of them! LW if you want shiny dials always use the best link
If however you want to look smart use accurate information
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sapphire
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Post by sapphire on Apr 26, 2020 7:39:35 GMT
Whilst Page 54 of the Borrowing proposal sets out the Loan terms and specifies the interest and various fees payable by the borrower, there does not appear to be any mention of underwriting fees.
In the past, have ablrate disclosed what percentage the underwriting fee is and if it is paid by ablrate (from its "Administration Fee"?) or is an additional amount paid by the borrower?
Presumably current financial regulations do not require transparency as regards the underwriting fees percentage/amount and who pays it?
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Post by morus193 on Apr 27, 2020 13:03:52 GMT
Has a deal been agreed with an underwriter or are they trying to reach a deal before listing ends in 27 days?
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Post by ladywhitenap on Apr 27, 2020 13:12:11 GMT
Has a deal been agreed with an underwriter or are they trying to reach a deal before listing ends in 27 days? IME asking about underwriters and how the process works on several platforms in the past has been met with nil response. I was mildly surprised at David mentioning them in the last two videos but then again he is a fairly radical (meant positively!) head honcho of this platform compared to others. LW
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Post by ablrate on Apr 27, 2020 13:13:49 GMT
Whilst Page 54 of the Borrowing proposal sets out the Loan terms and specifies the interest and various fees payable by the borrower, there does not appear to be any mention of underwriting fees. In the past, have ablrate disclosed what percentage the underwriting fee is and if it is paid by ablrate (from its "Administration Fee"?) or is an additional amount paid by the borrower? Presumably current financial regulations do not require transparency as regards the underwriting fees percentage/amount and who pays it? Underwriter fees are always paid from our fees.
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Post by ablrate on Apr 27, 2020 13:16:30 GMT
Has a deal been agreed with an underwriter or are they trying to reach a deal before listing ends in 27 days? IME asking about underwriters and how the process works on several platforms in the past has been met with nil response. I was mildly surprised at David mentioning them in the last two videos but then again he is a fairly radical (meant positively!) head honcho of this platform compared to others. LW Thank you... I think ..lol The underwriter program will be launched soon for all to see. We don't why others would be cloak and dagger about it, as long as its a level playing field after underwriters have been in (i.e they can't sell at a premium or discount), then underwriters can fill an important role on the platform.
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