dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Mar 25, 2021 10:24:48 GMT
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blender
Member of DD Central
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Post by blender on Mar 25, 2021 11:25:25 GMT
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Apr 1, 2021 12:32:35 GMT
What are our thoughts on the recent 202103 addendum?
Is it just the relatively low 12% that's keeping the SM sub 98 ?
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Post by df on Apr 1, 2021 14:15:34 GMT
What are our thoughts on the recent 202103 addendum? Is it just the relatively low 12% that's keeping the SM sub 98 ? They are historically low on SM. 96-97 was a norm prior recent starvation. I guess since most loans are 13%+, lower rate is the main reason. As for yet another restructuring - there have been so many extensions/restructurings so I’ve stopped paying attention. They’ve always paid interest, not on my list to worry about.
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Post by ladywhitenap on Apr 1, 2021 14:24:25 GMT
Agreed! More concerned about having to find new homes for funds as peeone loans start repaying their 13% loans. They have been faultless as borrowers.
LW
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Post by df on Apr 1, 2021 14:59:04 GMT
Agreed! More concerned about having to find new homes for funds as peeone loans start repaying their 13% loans. They have been faultless as borrowers. LW Well, we are expecting a series of z*** in near future... I’ve got my loan book more or less balanced and will be withdrawing returns until we see new borrowers on board.
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blender
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Post by blender on Apr 1, 2021 15:01:46 GMT
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Apr 1, 2021 15:37:33 GMT
thanks all.
Wasn't sure if I was missing something.
Agree with looking for home for funds, what with the early repayment of the rainmaker loans and peeone and 149/152/154/155 on the horizon.
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Post by Badly Drawn Stickman on Apr 2, 2021 18:21:48 GMT
I don't have an ISA with Ablrate (and no plans to do so) but have always felt that these loans traded wisely would have been ideal for anybody that did, especially in the spells when it is amortising (mainly instinct, as I have never done the modelling).
I have never been very convinced that the secondary market reflects anything much more than investor whimsy. Rates always talk (or maybe it is more whispering things like 'yes of course a high interest rate makes it worth paying a big premium for'). I suspect 98%ish has become par for this loan based mostly on that being what it has historically traded at.
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blender
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Post by blender on Apr 9, 2021 6:44:43 GMT
I note that the accounts to 31 Dec 2019 for this borrower are now more than three months overdue at Companies House. I wonder why?
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macq
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Post by macq on Apr 9, 2021 13:16:12 GMT
I note that the accounts to 31 Dec 2019 for this borrower are now more than three months overdue at Companies House. I wonder why? Not sure if its just a matter of following the rules of companies house for being overdue - but is that the One with a gazette notice issued for compulsory strike-off which seems to have been added in the last day or Two
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Post by Badly Drawn Stickman on Apr 14, 2021 9:44:13 GMT
I note that the accounts to 31 Dec 2019 for this borrower are now more than three months overdue at Companies House. I wonder why? Not sure if its just a matter of following the rules of companies house for being overdue - but is that the One with a gazette notice issued for compulsory strike-off which seems to have been added in the last day or Two Is this the same bit of conversation as this thread ? I seem to recall somewhere ablrate 'covering' the issue. From memory the small fire was smothered with a paraffin soaked rag to solve the problem, Maybe some clarification all round is due?
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macq
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Post by macq on Apr 14, 2021 12:01:37 GMT
Not sure if its just a matter of following the rules of companies house for being overdue - but is that the One with a gazette notice issued for compulsory strike-off which seems to have been added in the last day or Two Is this the same bit of conversation as this thread ? I seem to recall somewhere ablrate 'covering' the issue. From memory the small fire was smothered with a paraffin soaked rag to solve the problem, Maybe some clarification all round is due? Well a notice was issued yesterday the 13th (if anybody is superstitious) so not sure its been "covered" before but clarification either way would be good
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blender
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Post by blender on Apr 14, 2021 12:14:25 GMT
Not sure if its just a matter of following the rules of companies house for being overdue - but is that the One with a gazette notice issued for compulsory strike-off which seems to have been added in the last day or Two Is this the same bit of conversation as this thread ? I seem to recall somewhere ablrate 'covering' the issue. From memory the small fire was smothered with a paraffin soaked rag to solve the problem, Maybe some clarification all round is due? We are bound to follow platform etiquette, VI. So when there is a goodly number of current loans all with a common root and all, including the root, overdue in filing their accounts relating to periods up to 31 March 2020, and the loans and borrowers are covered by a number of threads, then we have to post on the appropriate threads. And we should choose metaphors appropriate to the loan. Perhaps appearing to drive a car, maybe more than one, without a current MOT would be appropriate here. I thought Ablrate might cover it by walking in front with a flag. Maybe your rag was once that flag, in which case all is well.
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Post by ladywhitenap on May 12, 2021 9:11:11 GMT
What does the team think? about these car loans. I've cash sitting in my account earning SFA and these loans are all (I think) available below par and at 12% interest. OK the borrower had a little wobble, restructured and interest only for a few months which is possibly fair enough considering the vehicle market has been affected by covid like most things. With no hint of new loans coming to market (which would be my preference for diversification reasons) I'm wondering if it sensible to top up my car holdings. I get itchy with money sitting there not working for me. S*ds law of course, once I do that, a new loan will turn up and I'll have no cash to put into it. I really wish ABL would implement even a half decent pipeline ablrate Are you listening?
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