criston
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Post by criston on Feb 13, 2021 13:51:18 GMT
Changed thread heading to reflect revised interest rate rising by 2.5% to 14%
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criston
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Post by criston on Mar 30, 2021 13:03:22 GMT
Latest update not so clever, but may see some sellers, for the brave.
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criston
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Post by criston on Apr 1, 2021 8:18:41 GMT
In response to a question AC have said, after the Reservation of Rights letter was issued the Borrower advised that funds have been transferred to clear the arrears.
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Post by captainconfident on Apr 1, 2021 21:47:53 GMT
Hands up, I panicked and sold. The last update was just too odd. Good luck and my respect to those hanging in for the white knuckle ride to the end. We all know this one didn't add up or they had so much money that they took out this loan on some sort of a whim. Good advice: If anyone starts talking about a mineral water mine, that's the moment to hit 'sell'.
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Post by aboyabroad on Apr 27, 2021 19:19:49 GMT
I did much the same, I had a lot tied up with this loan and exited when the updates got weird. Given latest update that payment for April won’t be happening, I’m glad I did. Hope it works out for those braver than I was.
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Post by df on Apr 27, 2021 21:20:29 GMT
Hands up, I panicked and sold. The last update was just too odd. Good luck and my respect to those hanging in for the white knuckle ride to the end. We all know this one didn't add up or they had so much money that they took out this loan on some sort of a whim. Good advice: If anyone starts talking about a mineral water mine, that's the moment to hit 'sell'. I was caught on mineral water, but since then my MLA portfolio is much better balanced. Few years ago I was overexposed on 348 (earned me decent interest) - now it sits at 0.8% so the recent updates didn't persuade me to take any action. It's still has 7 months left and still performing 
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criston
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Post by criston on Sept 28, 2021 12:25:11 GMT
Ha done us proud in the end, with only one payment left.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Sept 28, 2021 12:53:03 GMT
criston shooosh. and on the hole quite stress free.  Don't jinks it.
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Post by crabbyoldgit on Sept 28, 2021 19:42:57 GMT
On the whole talking about holes in the context of loans makes me very nervous indeed.
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criston
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Post by criston on Oct 25, 2021 8:25:14 GMT
Update say's money is in; loan completely redeemed.
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Post by Ace on Oct 25, 2021 8:53:53 GMT
Update say's money is in; loan completely redeemed. This was my largest, and by far my most profitable, loan on AC. I will miss it greatly 😢
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Oct 25, 2021 9:52:54 GMT
Ditto  any idea if they will appear on another platform ? |
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criston
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Post by criston on Oct 25, 2021 9:57:46 GMT
Ditto any idea if they will appear on another platform ? If they do, at 5% LTV, no where near 14% interest.
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Post by Ace on Oct 25, 2021 16:55:03 GMT
It really doesn't matter for this loan, since they've now received funds to repay in full, but, can anyone educate me on why the capital valuation was below 100%? This was even the case when 90% of the loan had been repaid and the security was over £7m of stock with an LTV of 5%. Surely the capital valuation should have increased each month for the past 10 months as 10% of the outstanding capital and full penalty interest was being repaid each month. I'm obviously missing something.
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ilmoro
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'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 Oct 25, 2021 17:17:56 GMT
It really doesn't matter for this loan, since they've now received funds to repay in full, but, can anyone educate me on why the capital valuation was below 100%? This was even the case when 90% of the loan had been repaid and the security was over £7m of stock with an LTV of 5%. Surely the capital valuation should have increased each month for the past 10 months as 10% of the outstanding capital and full penalty interest was being repaid each month. I'm obviously missing something. Dont think AC ever revisited the capital valuation from when it was reduced to reflect the impact on retail from the pandemic, the granting of forbearance, protracted refinancing and lack of the required stock valuations.
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any idea if they will appear on another platform ?