|
Post by jevans4949 on Aug 8, 2022 10:47:12 GMT
Given that some of the outsanding loans are not due to repay until 2025, I wonder if Ablrate will eventually buy back the loans, as Zopa did, to save on administration. Depending on their future plans,they might then sell them on to a traditional financier. I think there is no chance that they will do it in that order. If they negotiate a sale expect a sizeable haircut. You may or might not get a say in it. Agreed that haircuts are highly likely on non-paying loans. Some loans are still payng regularly though.
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,007
Likes: 1,829
|
Post by littleoldlady on Aug 8, 2022 18:19:58 GMT
I think there is no chance that they will do it in that order. If they negotiate a sale expect a sizeable haircut. You may or might not get a say in it. Agreed that haircuts are highly likely on non-paying loans. Some loans are still payng regularly though. True, but interest rates have risen and will rise further, making even the "good" loans less attractive to a buyer than they were before, so I doubt they can be sold at par.
|
|
brush
Member of DD Central
Posts: 171
Likes: 148
|
Post by brush on Aug 10, 2022 12:16:08 GMT
Just a heads up - New Ablrate email update.
|
|
blueblazer
Member of DD Central
Posts: 60
Likes: 35
|
Post by blueblazer on Aug 10, 2022 12:53:56 GMT
Just a heads up - New Ablrate email update.
Just saw that it has arrived. Haven't had time to look at it yet.
Is there any remotely good news in it?
|
|
travolta
Member of DD Central
Posts: 1,456
Likes: 1,167
|
Post by travolta on Aug 10, 2022 13:05:53 GMT
Good try Dave . Still talking so not dead yet.
|
|
macq
Member of DD Central
Posts: 1,923
Likes: 1,189
|
Post by macq on Aug 10, 2022 13:20:09 GMT
Confused by C***** L****y E****S as Abl say in the email they are chasing and awaiting a response.But a search of the company leads to a business banking site using the C****e name (and a seen before Leeds address) which says Abl and even some of the companies mentioned in today's email are their customers. So not sure if they are no longer an event company and why as a customer Abl can't get a reply?
|
|
iRobot
Member of DD Central
Posts: 1,654
Likes: 2,441
Member is Online
|
Post by iRobot on Aug 10, 2022 14:53:52 GMT
Confused by C***** L****y E****S as Abl say in the email they are chasing and awaiting a response.But a search of the company leads to a business banking site using the C****e name (and a seen before Leeds address) which says Abl and even some of the companies mentioned in today's email are their customers. So not sure if they are no longer an event company and why as a customer Abl can't get a reply? This might help? p2pindependentforum.com/post/453053/thread (and googles algo has been at it again... and been corrected again )
|
|
macq
Member of DD Central
Posts: 1,923
Likes: 1,189
|
Post by macq on Aug 10, 2022 15:19:52 GMT
Confused by C***** L****y E****S as Abl say in the email they are chasing and awaiting a response.But a search of the company leads to a business banking site using the C****e name (and a seen before Leeds address) which says Abl and even some of the companies mentioned in today's email are their customers. So not sure if they are no longer an event company and why as a customer Abl can't get a reply? This might help? p2pindependentforum.com/post/453053/thread (and googles algo has been at it again... and been corrected again ) Ok - see what you mean about google as the website now links to the event company homepage as you would expect.Also see what you mean about using part of the same name for the banking site and sharing a director (along with a few other companies from todays email).Think its things like this which made it hard for me to get my head around p2p and took a step back as while legal there are just to many interwoven threads to follow for DD
|
|
blueblazer
Member of DD Central
Posts: 60
Likes: 35
|
Post by blueblazer on Mar 10, 2023 15:14:10 GMT
Have any ABLrate shareholders been informed of the wind-down? I'm a shareholder and haven't been notified. No updates on crowdcube for a very long time, despite questions being asked. We will be giving a separate update to shareholders. We are taking the next couple of weeks to formulate what the next steps may be for ablrate, the priority being the retail shareholders in the business. ablrate have there been any updates for shareholders? Haven't seen anything apart from this post in July 2022.
|
|
grumpsimus
Member of DD Central
Posts: 137
Likes: 119
|
Post by grumpsimus on Mar 10, 2023 18:52:48 GMT
We will be giving a separate update to shareholders. We are taking the next couple of weeks to formulate what the next steps may be for ablrate, the priority being the retail shareholders in the business. ablrate have there been any updates for shareholders? Haven't seen anything apart from this post in July 2022. I am also a shareholder in Albrate - another bad decision! I haven't seen any update either. I have just assumed that Ablrate shares are now worthless.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,789
Likes: 11,010
|
Post by ilmoro on Mar 25, 2023 13:10:19 GMT
I see Ablrate has lost its finance director ... guess that solves any potential conflicts of interest with all his other hats
(Fun fact - there was actually a War of the Hats)
|
|
|
Post by overthehill on Apr 26, 2023 10:27:11 GMT
Everyone still of the opinion that a behind closed doors ablrate loan rundown is better than an open doors administration ?
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on Apr 26, 2023 12:25:28 GMT
Everyone still of the opinion that a behind closed doors ablrate loan rundown is better than an open doors administration ? All I know for sure is DBW is unlikely to be giving this his full and undivided attention and given the disclosures about borrower links that were not disclosed by DBW, I think this is something he would like to put behind him at the earliest opportunity. Anybody seen those Antonov aircraft for sale anywhere? Me neither, now over three years since a payment was made.
|
|
|
Post by Ace on Apr 26, 2023 12:55:41 GMT
Everyone still of the opinion that a behind closed doors ablrate loan rundown is better than an open doors administration ? Perhaps I'm naive, but yes, I still think we're likely to get a better recovery via ABLrate that via an administrator.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,789
Likes: 11,010
|
Post by ilmoro on Apr 26, 2023 12:56:12 GMT
Everyone still of the opinion that a behind closed doors ablrate loan rundown is better than an open doors administration ? If you see an open doors administration of a P2P platform let me know - most are firmly behind closed doors, generally bolted & even hermetically sealed.
|
|