hubert
Member of DD Central
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Post by hubert on Apr 20, 2022 16:28:33 GMT
!
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 20, 2022 17:16:41 GMT
Keeping it as professional as i can be..... Friday 22 April 2022 - Loan Launch Details: Borrower Sector: Property Development. Loan Amount: up to £500,000. Term: 5 months (3 months minimum term). Rate: 14% - Interest Only. Security: Debenture, Corporate Guarantee, Security Assignment ranked behind existing Ablrate loan. Instant Returns: Enabled. Loan Launch: 11am – 22 April 2022 (READ ONLY). Loan Live: 2pm – 22 April 2022.
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hubert
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Post by hubert on Apr 20, 2022 17:48:58 GMT
Would be good to see Ablrate up & running again.
Must be getting all the update good news tomorrow, advising us where all the reinvestment funds will be coming from.
We also need a secondary market.
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ptr120
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Post by ptr120 on Apr 20, 2022 21:24:49 GMT
Do they seriously believe that this one will float?
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blueblazer
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Post by blueblazer on Apr 20, 2022 21:52:32 GMT
Do they seriously believe that this one will float?
I'm thinking the Pea One reputation will carry it a bit.
Although where people will find the funds to invest is anyone's guess given that current income is almost wiped out.
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Apr 21, 2022 7:48:49 GMT
I won't be taking any.
That’s not down to the investment or Pea One, who I must say have been great, but down to abl.
With my overdue payments now exceeding 8 pages and no ‘secondary market’ available there seems little to no hope of getting back the investments I have left in abl. I gain no confidence from the way the AF and ACI situation is being handled and the factually inconsistent updates provided.
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markyg61
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Post by markyg61 on Apr 21, 2022 7:58:59 GMT
"I wont be investing so it's a no from me"
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 21, 2022 9:01:10 GMT
Do they seriously believe that this one will float? More like a Russian cruiser me thinks
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corto
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one-syllabistic
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Post by corto on Apr 21, 2022 9:27:22 GMT
They need cash
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hubert
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Post by hubert on Apr 21, 2022 10:31:52 GMT
Underwritten. ?
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Apr 21, 2022 11:09:01 GMT
I'd say with there being no secondary market it's unlikely. It would mean the underwritters would be stuck with the loan for its duration.
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ptr120
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Post by ptr120 on Apr 21, 2022 13:37:04 GMT
Don't we all? Some of us have been waiting for rather a while...
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corto
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one-syllabistic
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Post by corto on Apr 21, 2022 13:47:38 GMT
Don't we all? Some of us have been waiting for rather a while... One of MT's last actions was to put up a loan that nobody bought anymore for loss of trust. They needed to finance their everyday business.
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hubert
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Post by hubert on Apr 21, 2022 14:25:25 GMT
Don't we all? Some of us have been waiting for rather a while... One of MT's last actions was to put up a loan that nobody bought anymore for loss of trust. They needed to finance their everyday business. MT's last throw of the dice failure, may have been partly due to a lack of trust; but the loan was dodgy, pulled to pieces by potential lenders & failed miserably. Think it was pulled. 'P One' is reliable, but the fees from this loan, judging by previous loans with 'P One' will be negligible. If the fees are similar, say £1500 up front & £5000 total from monthly fees over a 6 months period. That assumes full take up.
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Post by Ace on Apr 21, 2022 14:51:35 GMT
One of MT's last actions was to put up a loan that nobody bought anymore for loss of trust. They needed to finance their everyday business. MT's last throw of the dice failure, may have been partly due to a lack of trust; but the loan was dodgy, pulled to pieces by potential lenders & failed miserably. Think it was pulled. 'P One' is reliable, but the fees from this loan, judging by previous loans with 'P One' will be negligible. If the fees are similar, say £1500 up front & £5000 total from monthly fees over a 6 months period. That assumes full take up.I make it £15,000 up front and £10,000 monthly fees over 6 months.
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