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Post by Ace on Mar 3, 2021 16:14:33 GMT
I suppose it worked out that those already invested had a better idea of when it would launch than those who did not. No doubt a crafty person would then have put a par bid in straight away and waited for the inevitable easy pickings. Tut. That would have been a good idea. I didn't think of it, but did manage to deploy my spare cash across my standard and ISA accounts. It hung around for about 10 minutes.
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Post by muttley916 on Mar 3, 2021 16:48:16 GMT
Disappointed that those that missed out didn’t receive an email advising is was able to be traded.
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criston
Member of DD Central
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Post by criston on Mar 3, 2021 17:08:21 GMT
Disappointed that those that missed out didn’t receive an email advising is was able to be traded. Surprisingly badly handled by Ablrate from the start. Especially when they appeared to have upped their game with loan updates since & including Sunday.
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criston
Member of DD Central
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Post by criston on Mar 3, 2021 17:44:26 GMT
Ablrate. Is it possible we may get at least one further loan release in March
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Post by df on Mar 3, 2021 18:44:51 GMT
I suppose it worked out that those already invested had a better idea of when it would launch than those who did not. No doubt a crafty person would then have put a par bid in straight away and waited for the inevitable easy pickings. Tut. I've not invested at launch, but received an e-mail yesterday saying that the 50k will be available this afternoon. I logged on @afternoon and there was 3k still available, I got my tiny little slice I wanted, after that the rest has disappeared within a minute and turned into @premium (great chance for flippers). I'm guessing at the first go some of the "lucky 70" grabbed large slices in order to flip - wasn't hard to figure out that this one will be in demand.
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Post by df on Mar 3, 2021 19:10:44 GMT
Disappointed that those that missed out didn’t receive an email advising is was able to be traded. Surprisingly badly handled by Ablrate from the start. Especially when they appeared to have upped their game with loan updates since & including Sunday. Yes, this one should've been rationed. Similar and vice versa happened before... Nobody's perfect
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macq
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Post by macq on Mar 12, 2021 9:18:09 GMT
A couple of years back when there was a drought in loans and the portfolio collection was being launched the merits of lower percentage loans was discussed.If memory serves investors were not so keen on lower price loans and Abl said they had no worries on how the platform was growing so did not need to chase loans (i might be paraphrasing but it feels like that was the gist) And the way the portfolio product developed seems to suggest that was true. Understand what is still going on in the world but just wondering is it time to look at lower price loans to get a spread of borrowers.Surely One borrower over about 3 months (or maybe 2 ) can be no good for both parties in growing the platform and as an investor a loan at say 8% or 9% might be better then waiting months to get a piece of 13% Only my opinion but what happened with THC (and in a strange way even the gambling site FI) tells me that i have no wish to invest blind in another platform on ASMX but if the tech being used could revisit a portfolio type product with some sort of bid limit i would give it a look
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Balder
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Post by Balder on Mar 12, 2021 9:47:32 GMT
A couple of years back when there was a drought in loans and the portfolio collection was being launched the merits of lower percentage loans was discussed.If memory serves investors were not so keen on lower price loans and Abl said they had no worries on how the platform was growing so did not need to chase loans (i might be paraphrasing but it feels like that was the gist) And the way the portfolio product developed seems to suggest that was true. Understand what is still going on in the world but just wondering is it time to look at lower price loans to get a spread of borrowers.Surely One borrower over about 3 months (or maybe 2 ) can be no good for both parties in growing the platform and as an investor a loan at say 8% or 9% might be better then waiting months to get a piece of 13% Only my opinion but what happened with THC (and in a strange way even the gambling site FI) tells me that i have no wish to invest blind in another platform on ASMX but if the tech being used could revisit a portfolio type product with some sort of bid limit i would give it a look My concern with this is that essentially we end up with the same risk, just at a lower rate. I do agree that covid/cbils has probably put a huge dent in any loan pipeline. I also can see that the lack of pipeline is causing people to invest elsewhere - I am in that camp. Difficult for ablrate but then if it was easy everyone would be doing it!
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Post by Ace on Mar 12, 2021 9:54:56 GMT
A couple of years back when there was a drought in loans and the portfolio collection was being launched the merits of lower percentage loans was discussed.If memory serves investors were not so keen on lower price loans and Abl said they had no worries on how the platform was growing so did not need to chase loans (i might be paraphrasing but it feels like that was the gist) And the way the portfolio product developed seems to suggest that was true. Understand what is still going on in the world but just wondering is it time to look at lower price loans to get a spread of borrowers.Surely One borrower over about 3 months (or maybe 2 ) can be no good for both parties in growing the platform and as an investor a loan at say 8% or 9% might be better then waiting months to get a piece of 13% Only my opinion but what happened with THC (and in a strange way even the gambling site FI) tells me that i have no wish to invest blind in another platform on ASMX but if the tech being used could revisit a portfolio type product with some sort of bid limit i would give it a look I agree with much of this, but the portfolio loans never made any logical sense. They were sold as lower rate loans with better liquidity. However, they turned out to be lower rate loans with much worse liquidity (as was evidenced by the S*n cr*d*t loans).
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macq
Member of DD Central
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Post by macq on Mar 12, 2021 10:17:04 GMT
A couple of years back when there was a drought in loans and the portfolio collection was being launched the merits of lower percentage loans was discussed.If memory serves investors were not so keen on lower price loans and Abl said they had no worries on how the platform was growing so did not need to chase loans (i might be paraphrasing but it feels like that was the gist) And the way the portfolio product developed seems to suggest that was true. Understand what is still going on in the world but just wondering is it time to look at lower price loans to get a spread of borrowers.Surely One borrower over about 3 months (or maybe 2 ) can be no good for both parties in growing the platform and as an investor a loan at say 8% or 9% might be better then waiting months to get a piece of 13% Only my opinion but what happened with THC (and in a strange way even the gambling site FI) tells me that i have no wish to invest blind in another platform on ASMX but if the tech being used could revisit a portfolio type product with some sort of bid limit i would give it a look My concern with this is that essentially we end up with the same risk, just at a lower rate. I do agree that covid/cbils has probably put a huge dent in any loan pipeline. I also can see that the lack of pipeline is causing people to invest elsewhere - I am in that camp. Difficult for ablrate but then if it was easy everyone would be doing it! I know where your coming from with risk & reward and to be fair i am not looking for them to go down the path of a loan every day bit maybe One or Two a month.When i first looked at p2p i probably looked at risk & reward the same as i did with funds and tried to way up what looked more risky.Apart from ABL due to the write ups on here i tended to look at the lower end of the rate table assuming that to be safer.My thinking was a business trying to pay back 12% plus the cut on top would probably be in a bad place to start. But either through choice in change of direction or failure it would seem from LB paying 3% to L**** paying 12% and many in- between its hard to know what is a good place to pitch so agree it is hard for able
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macq
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Post by macq on Mar 12, 2021 10:32:38 GMT
A couple of years back when there was a drought in loans and the portfolio collection was being launched the merits of lower percentage loans was discussed.If memory serves investors were not so keen on lower price loans and Abl said they had no worries on how the platform was growing so did not need to chase loans (i might be paraphrasing but it feels like that was the gist) And the way the portfolio product developed seems to suggest that was true. Understand what is still going on in the world but just wondering is it time to look at lower price loans to get a spread of borrowers.Surely One borrower over about 3 months (or maybe 2 ) can be no good for both parties in growing the platform and as an investor a loan at say 8% or 9% might be better then waiting months to get a piece of 13% Only my opinion but what happened with THC (and in a strange way even the gambling site FI) tells me that i have no wish to invest blind in another platform on ASMX but if the tech being used could revisit a portfolio type product with some sort of bid limit i would give it a look I agree with much of this, but the portfolio loans never made any logical sense. They were sold as lower rate loans with better liquidity. However, they turned out to be lower rate loans with much worse liquidity (as was evidenced by the S*n cr*d*t loans). Agree about the liquidity its just unfortunate they only did the One loan in the product and its stuck like many but you see the same from Abl at 12% and LW at 4% its just part of p2p.My thinking was that there seems more trust in ABL so the odd loan at 8-10% might work
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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
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Post by ilmoro on Mar 12, 2021 20:37:55 GMT
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Mar 12, 2021 21:36:37 GMT
That's good news as far as I'm concerned The quote 'It would almost be a distraction for us' is consistent with my thoughts on the Ablrate CBILS application back in the day
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criston
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Post by criston on Mar 15, 2021 11:33:18 GMT
I may as well update this in the absence of anything from Ablrate. Another tranche of the £11m 142 loan will be due soon, to coincide with the £1m redemption of loan 113.The last W********g £0.25m tranche is imminent.
Further new borrowers loans will coincide with I***t redemptions.Two down, one to go.
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criston
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Post by criston on Apr 2, 2021 10:13:20 GMT
Loan 151 Pros. Ablrate. Mr AF. LTV 53%. Eventually 60%, but never gets there due to amortisation. 15% interest or 81.5% compound after 4 years reinvesting. 4 year term. Possible enhanced planning value. Any Infrastructure & construction works that eventually commence, enhancing the value. Advance deposits from residential purchasers to help repayments. Amortising over term, reducing LTV. Negs. 2nd Charge. (1st charge 39%) SM value. Initially 108% I undervalued that at 108% by a fair bit.
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