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Post by Badly Drawn Stickman on Apr 9, 2021 20:13:15 GMT
Deviating a shade, presumably clarity of intent is fairly important in these situations or we could end up with an artificially limited secondary market. I am inclined to agree that limiting to par is the right choice given the recent indication, but what if six weeks further on nothing has changed? Anyway chicken run on 154 today, I suspect having watched the trading that criston made a mostly successful crossing and a few others are in Mannequin position but not sure if the one in front is ever going to move.
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des
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Post by des on Apr 9, 2021 22:48:48 GMT
Deviating a shade, presumably clarity of intent is fairly important in these situations or we could end up with an artificially limited secondary market. I am inclined to agree that limiting to par is the right choice given the recent indication, but what if six weeks further on nothing has changed? Six weeks, don't you mean six months? p2pindependentforum.com/thread/17640/af-loans-limited-100-abl
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Post by Badly Drawn Stickman on May 4, 2021 17:20:07 GMT
So if it is indeed likely that these will be repaid next week, I would have been inclined not to complain overly if the due payments (which include capital) had been allowed to flow into the repayment.
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criston
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Post by criston on May 4, 2021 17:35:38 GMT
So if it is indeed likely that these will be repaid next week, I would have been inclined not to complain overly if the due payments (which include capital) had been allowed to flow into the repayment. Payments should be honoured on the due date without any excuse. The redemption date could keep retreating.
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Post by Badly Drawn Stickman on May 4, 2021 17:49:47 GMT
So if it is indeed likely that these will be repaid next week, I would have been inclined not to complain overly if the due payments (which include capital) had been allowed to flow into the repayment. Payments should be honoured on the due date without any excuse. The redemption date could keep retreating. I am content to wander away from moral high ground when the possibility of several months extra interest on the repaid capital seems possible.
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dave4
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Post by dave4 on May 4, 2021 18:14:43 GMT
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Post by ladywhitenap on May 18, 2021 14:08:17 GMT
Looks like these loans will be re-financed soon so we are going to need some new opportunities to mop up the freed up funds ablrate so What is in the pipeline you have been promising we can view?? LW
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dave4
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Post by dave4 on May 18, 2021 14:30:13 GMT
Looks like these loans will be re-financed soon so we are going to need some new opportunities to mop up the freed up funds ablrate so What is in the pipeline you have been promising we can view?? LW Refinance date offered is mid june ish (i believe 2021). So yes new lender and offering would be welcome.
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Post by ladywhitenap on May 18, 2021 14:48:22 GMT
Looks like these loans will be re-financed soon so we are going to need some new opportunities to mop up the freed up funds ablrate so What is in the pipeline you have been promising we can view?? LW Refinance date offered is mid june ish (i believe 2021). So yes it would be a shame to have to re home funds. Pubs ect are opening. I'm reasonably exposed to most of the current loan book including pubs so would like to see some new blood or possibly some new ventures from the 4man camp and PeeOne rather than try spread funds across ASMX LW
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ptr120
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Post by ptr120 on May 18, 2021 15:57:09 GMT
I'd mostly like to see returns from the container loans, aircraft loans, aircraft parts loans and generator loans that seem to be forever kicked in to the long grass and where recoveries are taking far too long.
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Post by ladywhitenap on May 18, 2021 16:18:04 GMT
I've had an encouraging message back from Emma. Firstly her role as account manager is on behalf of we lenders. So she should be the point of contact for us. Secondly it would not be right for me to quote her reply here but there are positive noises about new loans from PeeOne, 4man and a new borrower with a property proposition.
LW
I should also have added that there is likely to be some form of portfolio loan scheme coming
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withnell
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Post by withnell on Jun 17, 2021 7:26:59 GMT
ablrate is it possible to get an update on refinancing progress? Are things progressing roughly in line with the "mid June" target?
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blender
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Post by blender on Jun 17, 2021 8:34:38 GMT
ablrate is it possible to get an update on refinancing progress? Are things progressing roughly in line with the "mid June" target? I am resisting overuse of the flying pig imagery. But it's tough.
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criston
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Post by criston on Jun 22, 2021 15:21:01 GMT
Well, being getting on for 3 months since we were informed of the re-finance, with hands tied at 100%, what is going on.
If it turns out to be a damp squib, will AF turn to Ablrate to finance the whole project.
Could we be looking at something like £70m in tranches over the next few years.
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ptr120
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Post by ptr120 on Jun 22, 2021 15:27:02 GMT
The first notification of an intention to refinance was given on 1st April, with a target of four weeks. The second target date given on 18 May had a target completion date of mid-June. Both have been missed. It is time for a meaningful update from ablrate and for the restriction on these loans to be removed
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