dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 9, 2021 15:46:58 GMT
Wednesday 11th August 2021 - Loan Launch Details:
11am read only, bids 2pm. No bid limits mentioned...
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criston
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Post by criston on Aug 9, 2021 17:40:33 GMT
May take a week or two to fill, but can't see the underwriters getting a sniff, if available to investors for a month.
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criston
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Post by criston on Aug 21, 2021 12:09:22 GMT
May take a week or two to fill, but can't see the underwriters getting a sniff, if available to investors for a month. Having slowed to around £10k take up per day, I may have to eat my words.
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Post by Badly Drawn Stickman on Aug 21, 2021 13:19:18 GMT
May take a week or two to fill, but can't see the underwriters getting a sniff, if available to investors for a month. Having slowed to around £10k take up per day, I may have to eat my words. It probably has the advantage that the other loans are approaching the next repayment round and if funds from those are reinvested into this it will move it towards the tipping point. In the against column is the existing loans have been trading below par recently so arguably represent better value. Also seems probable that other loans may be imminent in which case you may want to decide which side dishes you want with your words. I would far prefer it to fill without underwriters.
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Post by Ace on Aug 21, 2021 14:33:51 GMT
Having slowed to around £10k take up per day, I may have to eat my words. It probably has the advantage that the other loans are approaching the next repayment round and if funds from those are reinvested into this it will move it towards the tipping point. In the against column is the existing loans have been trading below par recently so arguably represent better value. Also seems probable that other loans may be imminent in which case you may want to decide which side dishes you want with your words. I would far prefer it to fill without underwriters. I think repayment of the pea-one loan on 1st Sep might see this tranche over the line. The speed at which this tranche has been filling does throw major doubts on the ability to fill the £7m+ of desired tranches to come. Strategically timed repayments of the associated leisure development loans would probably help, but there are no other significant repayments due this year. Most other platforms seem to be suffering from an oversupply of lender funds. Perhaps its time for ABLrate to offer incentives to court them. 🤔
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criston
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Post by criston on Aug 21, 2021 16:50:17 GMT
It probably has the advantage that the other loans are approaching the next repayment round and if funds from those are reinvested into this it will move it towards the tipping point. In the against column is the existing loans have been trading below par recently so arguably represent better value. Also seems probable that other loans may be imminent in which case you may want to decide which side dishes you want with your words. I would far prefer it to fill without underwriters. I think repayment of the pea-one loan on 1st Sep might see this tranche over the line. The speed at which this tranche has been filling does throw major doubts on the ability to fill the £7m+ of desired tranches to come. Strategically timed repayments of the associated leisure development loans would probably help, but there are no other significant repayments due this year. Most other platforms seem to be suffering from an oversupply of lender funds. Perhaps its time for ABLrate to offer incentives to court them. 🤔 Has 147 redemption on 1/9/21 actually been officially confirmed ? I note it is not tradeable but nothing in admin notes.
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Post by Ace on Aug 21, 2021 22:18:00 GMT
I think repayment of the pea-one loan on 1st Sep might see this tranche over the line. The speed at which this tranche has been filling does throw major doubts on the ability to fill the £7m+ of desired tranches to come. Strategically timed repayments of the associated leisure development loans would probably help, but there are no other significant repayments due this year. Most other platforms seem to be suffering from an oversupply of lender funds. Perhaps its time for ABLrate to offer incentives to court them. 🤔 Has 147 redemption on 1/9/21 actually been officially confirmed ? I note it is not tradeable but nothing in admin notes. I haven't seen any confirmation, but the pea-one loans I've been involved with have a good record of repaying when due.
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criston
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Post by criston on Aug 22, 2021 17:25:02 GMT
From the Borrowing Proposal-
Underwriting has been made available for this loan and may pay out in advance of legal completion.
I do not understand the wording in red. What exactly does it mean ?
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Post by Ace on Aug 22, 2021 21:22:10 GMT
From the Borrowing Proposal- Underwriting has been made available for this loan and may pay out in advance of legal completion.
I do not understand the wording in red. What exactly does it mean ? When i initially read it, I assumed it was a clumsy way of saying that the borrower wanted the funds in a hurry so they might drawdown early and use the underwriters as a buffer if it didn't fill quickly. Now you've made me think deeper about it I really don't know what it means.
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blender
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Post by blender on Aug 23, 2021 7:53:12 GMT
From the Borrowing Proposal- Underwriting has been made available for this loan and may pay out in advance of legal completion.
I do not understand the wording in red. What exactly does it mean ? When i initially read it, I assumed it was a clumsy way of saying that the borrower wanted the funds in a hurry so they might drawdown early and use the underwriters as a buffer if it didn't fill quickly. Now you've made me think deeper about it I really don't know what it means. I think you are right and it may mean that after some period of time, as the loan is filling, the underwriter may pay the whole amount to the borrower. The underwriter may subsequently be repaid in part or full, by or on the behalf of the borrower, following the drawdown of the loan.
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criston
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Post by criston on Aug 23, 2021 8:26:40 GMT
When i initially read it, I assumed it was a clumsy way of saying that the borrower wanted the funds in a hurry so they might drawdown early and use the underwriters as a buffer if it didn't fill quickly. Now you've made me think deeper about it I really don't know what it means. I think you are right and it may mean that after some period of time, as the loan is filling, the underwriter may pay the whole amount to the borrower. The underwriter may subsequently be repaid in part or full, by or on the behalf of the borrower, following the drawdown of the loan. Under those circumstances, does that mean all Ablrate investors to date, would have their funds returned to them. Edit. Just noticed £30k chunk taken up. Noticed this twice now.
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blender
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Post by blender on Aug 23, 2021 14:40:52 GMT
I think you are right and it may mean that after some period of time, as the loan is filling, the underwriter may pay the whole amount to the borrower. The underwriter may subsequently be repaid in part or full, by or on the behalf of the borrower, following the drawdown of the loan. Under those circumstances, does that mean all Ablrate investors to date, would have their funds returned to them. Edit. Just noticed £30k chunk taken up. Noticed this twice now. I don't think so. Underwriters would be left funding the balance if the loan is closed before investors have fully funded it. That might make it the last tranche.
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Post by Ace on Aug 23, 2021 18:12:56 GMT
Under those circumstances, does that mean all Ablrate investors to date, would have their funds returned to them. Edit. Just noticed £30k chunk taken up. Noticed this twice now. I don't think so. Underwriters would be left funding the balance if the loan is closed before investors have fully funded it. That might make it the last tranche. I do think they'll struggle to get near their £11m max, but surely there's scope for a few more tranches. The underwriters will have done very well out of this one, given that it's already nearly 3/4 funded. There's been no significant Discounting on the SM from the other tranches, and all now being offered at premiums, so scope for underwrites to offload at par. This is also helped by these loans being amortised, so probably many like me who are happy to reinvest repayments. Then there's the potential of large sums being released from the leisure development.
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criston
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Post by criston on Aug 24, 2021 18:20:04 GMT
May take a week or two to fill, but can't see the underwriters getting a sniff, if available to investors for a month. Having slowed to around £10k take up per day, I may have to eat my words. Jumped the gun. £113k gone in 2 days including £30k single chunk early Monday, £20k single chunk later today & also my own first bite. £70.7k left.
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blender
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Post by blender on Aug 26, 2021 11:37:31 GMT
Nearly filled. Better than I thought. So another tranche may well be listed.
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