blender
Member of DD Central
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Post by blender on Nov 15, 2022 9:42:41 GMT
'A dem lones, dem lones, dem dry lones
A dem lones, dem lones, dem dry lones
A dem lones, dem lones, dem dry lones
Now I hear the word of the Ablrate.
Your pod lone's connected to your cabin lone
Your cabin lone's connected to your battery lone
Your battery lone's connected to your other lones
Now we waits for the words of the Ablrate.'
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r1200gs
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Post by r1200gs on Nov 15, 2022 10:02:09 GMT
'A dem lones, dem lones, dem dry lones A dem lones, dem lones, dem dry lones A dem lones, dem lones, dem dry lones Now I hear the word of the Ablrate. Your pod lone's connected to your cabin lone Your cabin lone's connected to your battery lone Your battery lone's connected to your other lones Now we waits for the words of the Ablrate.' At least he's not pulled the shutters down - yet.
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Post by Ace on Nov 15, 2022 10:20:39 GMT
'A dem lones, dem lones, dem dry lones A dem lones, dem lones, dem dry lones A dem lones, dem lones, dem dry lones Now I hear the word of the Ablrate. Your pod lone's connected to your cabin lone Your cabin lone's connected to your battery lone Your battery lone's connected to your other lones Now we waits for the words of the Ablrate.' At least he's not pulled the shutters down - yet. No, but it does seem to be running on a skeleton staff!
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Nov 15, 2022 19:32:10 GMT
"after our meeting" an accurate statement.
no time scale given, no limit on time to pass.
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dh1
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Post by dh1 on Mar 6, 2023 17:18:10 GMT
Well, I've quickly looked at the "Fo******r Addendum" (email at 16:50 or so and attached to all the AF loans on platform now).
I really didn't expect these AF loans to be tied with another Ablrate borrower which also owes money to us lenders.... . Still trying to get my head round that.
Oh, yes, still no indication of EXACTLY when we'll get some or any money back...
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optimist
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Post by optimist on Mar 6, 2023 20:43:05 GMT
Good old Ablerate, three cheers for Mr Foreman, never doubted you for a second. Who knew Putin would help us out
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tony9239
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Post by tony9239 on Mar 6, 2023 22:41:20 GMT
Well, I've quickly looked at the "Fo******r Addendum" (email at 16:50 or so and attached to all the AF loans on platform now).
I really didn't expect these AF loans to be tied with another Ablrate borrower which also owes money to us lenders.... . Still trying to get my head round that.
Oh, yes, still no indication of EXACTLY when we'll get some or any money back...
My heart sank when I read that our “White Knight” turns out to be another of the ABL borrowers who don’t make payments. And as for their “listed” vehicle, it’s not even on AIM but that mickey mouse Aquis exchange, so our loan will no doubt be converted into a bunch of worthless shares.
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optimist
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Post by optimist on Mar 9, 2023 10:52:45 GMT
Hmmm, OK, so if F******n's main problem was lack of liquidity due to Green**** and they now have some additional funding I'd have thought that the his track record would count for something. The V****n option to buy batteries and guaranteed % paying off our loans would seem good news even if we've lost a first charge in the process, it seems worthwhile to get things moving
I was thinking that compared to administrators moving in selling everything for pennies, the critical thing is, that at a time when power is expensive, we have an asset that's months away from coming on line and putting some money in the pot?
Maybe I need to go back and read it again and stop celebrating
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Post by overthehill on Mar 9, 2023 14:54:00 GMT
Hmmm, OK, so if F******n's main problem was lack of liquidity due to Green**** and they now have some additional funding I'd have thought that the his track record would count for something. The V****n option to buy batteries and guaranteed % paying off our loans would seem good news even if we've lost a first charge in the process, it seems worthwhile to get things moving
I was thinking that compared to administrators moving in selling everything for pennies, the critical thing is, that at a time when power is expensive, we have an asset that's months away from coming on line and putting some money in the pot?
Maybe I need to go back and read it again and stop celebrating
I won't be celebrating until I see 1p of my capital and accrued interest. With reference to the last grubby and information withheld AF loan , if they don't start repaying soon there will be considerable litigation, probably in the pipeline already.
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optimist
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Post by optimist on Mar 11, 2023 14:25:40 GMT
I won't be celebrating until I see 1p of my capital and accrued interest. With reference to the last grubby and information withheld AF loan , if they don't start repaying soon there will be considerable litigation, probably in the pipeline already.
"There is a standstill agreement in place, subject to receiving a minimum of £1 million per annum"
Holding off sending in the bailiffs for a bit, to give them a chance to sell some batteries, would seem to be the plan.
I'm sure AF isn't getting as good a deal as on the open market and is using his famed juggling skills for his money and ours.
A bird in the hand may be better than in the fruit tree even if it eats wasps I guess
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p2pfan
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Full-Time Investor
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Post by p2pfan on Mar 11, 2023 18:16:21 GMT
Don't forget, these revenue projections are based, as stated in the documentation, on electricity prices at the current sky-high rates.
I've penned the February 2026 'Lender Update' for you all, in advance:
"LENDER UPDATE 06 FEBRUARY 26: We have uploaded an Addendum to the Documents section for this loan. Due to the unforeseen substantial reduction in wholesale electricity prices combined with the new Labour government's recent unforeseen windfall tax on battery storage plants and their unforeseen increases in corporation taxes, the business has not been able to realise the expected net returns. The business is now losing the sum of circa £75,000 a month and we do not envisage it being able to pay Ablrate lenders for the foreseeable future. We will send lenders another update before the end of the year."
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Post by Ace on Mar 11, 2023 19:35:03 GMT
Don't forget, these revenue projections are based, as stated in the documentation, on electricity prices at the current sky-high rates. I've penned the February 2026 'Lender Update' for you all, in advance: "LENDER UPDATE 06 FEBRUARY 26: We have uploaded an Addendum to the Documents section for this loan. Due to the unforeseen substantial reduction in wholesale electricity prices combined with the new Labour government's recent unforeseen windfall tax on battery storage plants and their unforeseen increases in corporation taxes, the business has not been able to realise the expected net returns. The business is now losing the sum of circa £75,000 a month and we do not envisage it being able to pay Ablrate lenders for the foreseeable future. We will send lenders another update before the end of the year." That's complete nonsense. They would never send 2 updates in the same year 
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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
Posts: 11,329
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Post by ilmoro on Mar 12, 2023 0:12:07 GMT
Are we talking about market prices or grid standby supply prices... very different ballparks ... factor of 10 difference at peak.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Mar 13, 2023 11:56:48 GMT
Are we talking about market prices or grid standby supply prices... very different ballparks ... factor of 10 difference at peak. The real profit is in curtailment, Mr Smith we agreed to buy 100mWh from your wind turbines at £100 MWh, we don't need as much can we pay you £110 MWh to turn your turbines off and not produce electricity
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,587
Likes: 2,623
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Post by keitha on Mar 13, 2023 11:58:40 GMT
Don't forget, these revenue projections are based, as stated in the documentation, on electricity prices at the current sky-high rates. I've penned the February 2026 'Lender Update' for you all, in advance: "LENDER UPDATE 06 FEBRUARY 26: We have uploaded an Addendum to the Documents section for this loan. Due to the unforeseen substantial reduction in wholesale electricity prices combined with the new Labour government's recent unforeseen windfall tax on battery storage plants and their unforeseen increases in corporation taxes, the business has not been able to realise the expected net returns. The business is now losing the sum of circa £75,000 a month and we do not envisage it being able to pay Ablrate lenders for the foreseeable future. We will send lenders another update before the end of the year decade." there corrected it and made it possibly more accurate
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