blender
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Post by blender on Mar 21, 2015 9:24:48 GMT
the phrase “it might have flown away”
You was doin allrite up to there mate. Ill take a buchers at the website.
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Post by ablrateandy on Mar 21, 2015 12:26:46 GMT
Look at the asset, not the website..... It's the weekend and we don't need another debate about grammar . On email if you have any questions!
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blender
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Post by blender on Mar 21, 2015 12:50:47 GMT
Look at the asset, not the website..... It's the weekend and we don't need another debate about grammar . On email if you have any questions! I'm not quite sure who put you in charge of the public independent forum, Andy, or who 'we' might be, or why the weekend is relevant. I thought I was allowed to ask other forum members about ablrate opportunities in the way I like and when convenient to me. They do not have to answer.
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SteveT
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Post by SteveT on Mar 21, 2015 17:40:56 GMT
Perhaps the fundamental problem is that there are so few lending opportunities on the Ablrate platform (1 live new loan and a totally nonsensical and dysfunctional SM) that correcting grammar fills the void. From scratch, over the same period, I have managed to lend 17 times as much on SS (mostly via their excellent SM) as on Ablrate. My sole attempt at buying a loan part on the Ablrate SM found my money stuck as "pledged" for 2 weeks, earning nothing, until the seller decided to withdraw it from sale. I'll keep an eye out for future new Ablrate loans (apparently about as rare as hens' teeth) but have given up on their SM entirely.
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Post by meledor on Mar 21, 2015 21:52:11 GMT
Look at the asset, not the website..... It's the weekend and we don't need another debate about grammar . On email if you have any questions! I'm not quite sure who put you in charge of the public independent forum, Andy, or who 'we' might be, or why the weekend is relevant. I thought I was allowed to ask other forum members about ablrate opportunities in the way I like and when convenient to me. They do not have to answer. I wonder how you earned your five stars. In terms of "looking at the asset", there's a wealth of information earlier in this thread. The asset quality for this particular plane looks to be very good. And in terms of the wider context of ATR turboprops generally, I thought it was interesting that in a general article on the propects for the airline market for the next 12 months, ATR got so much of a mention for the regional airliner (that is less 100 seats) segment with ATR showing strong growth last year.
www.afm.aero/magazine/fleet-operations/item/2161-airline-market-forecast-now-and-the-year-ahead
Also of note were the comments on the activity we are engaged in, aircraft finance; here are the highlights but the whole section is worth reading in full.
"...the financing market will benefit from “unprecedented diversity” born of many years of predictable and attractive returns. The strength we’re seeing in aircraft finance is largely the result of a healthy and balanced global demand for new aircraft, which is being driven by anticipated growth in passenger traffic, record airline profitability and the continuation of a replacement cycle to improve the fuel and performance efficiency of the global fleet,”
“The stable performance of aircraft finance and investment over the past few years – particularly through the global financial crisis – is attracting new participants and is driving diversification both geographically and in terms of funding sources.
Lessors are expected to support around 40 per cent of new aircraft deliveries, while investor demand and lessor portfolio sell-down initiatives should support continued interest and investment in the used aircraft market."
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Post by ablrate on Mar 21, 2015 22:41:48 GMT
Hi guys, we recognise there are issues on the SM which is why we are working hard on the new platform. We are not for everyone and if property is your thing then go for it.. We have a number of things we are building up to in our space and as we have said before, we are building in a controlled way which you will see when we launchh the new site.
All feedback is very, very welcome, good or bad, its all feedback.
Regards Ablrate
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blender
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Post by blender on Mar 21, 2015 23:10:48 GMT
Thank you Stevet and Meledor. Am I right to understand, Meledor, that you have no association with Ablrate or its staff other than as a lender? Just so I can be sure that your obviously valuable expertise is independent. Having looked more carefully through this sub-board and the operator's site (short of registering) I understand the position better and why Andy has such an interest in this forum as an efficient means of two way communication with the lenders. Clearly the classes of assets offered are well worthy of being promoted as secured lending opportunities. It also seems, as far as I can gather, that the lending is true peer to peer, whereas the problem I have with such as SS is that it appears that I would be lending to the platform, who then would allow me to associate my money with one of their loans. Personally I look for a direct contract with the borrower. My problem with Ablrate at the moment is, as evidenced by their use of this public independent forum, that so much of it seems to be at the Beta trial stage. There is a great deal here (the OP advertisement for example) which I would prefer to see on the operators' site where the communications with lenders would be owned and professionally managed. I see that Andy is a serious business manager within Ablrate, rather than a media manager, and should not be spending his time monitoring a forum.
That said, I have a substantial sum lent though FC and am having difficulty in finding new homes there for repayments, and may well see how things are going with the planes business when the repayments have mounted up.
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SteveT
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Post by SteveT on Mar 22, 2015 8:41:53 GMT
Yes the current P2B structure of SS is the reason it's only been 17x and not 50x or 100x. SS say this will be resolved "within the next 2 months" so I'm taking that at face value for now (given their SM is highly liquid). In the meantime I've recently shown my face at MT where everyone seems to be having a party, albeit one that currently only serves very small drinks.
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Post by meledor on Mar 22, 2015 10:13:42 GMT
Am I right to understand, Meledor, that you have no association with Ablrate or its staff other than as a lender? Just so I can be sure that your obviously valuable expertise is independent.
Correct. I have no association with Ablrate other than as lender. In the interests of full disclosure it happens to be the first P2P platform I have lent through but I have a previous interest in aircraft leasing through other investments - shares in a companies leasing Dreamliners to Norwegian and A380s to Emirates. Like you I have looked at SS and put in a minimal amount, but I am concerned that the lending is technically unsecured and the information that the company provide about themselves is minmal (e.g. the accounts albeit 12 months ago now were not very forthcoming - it looked like the company was trying to hide behind every disclosure exemption it could take advantage of). I will probably show up at other platforms in due course even the Flying Circus but I am in no rush - any lending has to meet the 7.5% net (so effectively 9.375% gross) being earned on fixed or quasi fixed income like the leasing transactions mentioned above, companies such as GLI Finance and infrastructure funds etc.
My expertise is independent but it has not been independently valued by anybody so is taken at your own risk.
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Post by ablrate on Mar 22, 2015 10:23:03 GMT
Hi Blender / All
Thanks for your comments. For clarification, we do have a forum section on the site provided by Freshdesk (which is our support system) but no one used it. Something like the p2pforum works because that is where most people hang out, to try and have that in house didn't work out. We do have a Q and A on each loan and we shall be keeping that on the new site.
As for monitoring of the forums, one of the things that we want to be able to do is make sure responses are being made quickly to any queries. We know there are some platforms who just don't respond, we all try to keep an eye on what is going on and respond when we can. We are passionate about our business and the assets on which we deal so forgive us if we do get a little defensive sometimes!! It is not easy, re-inventing a financial vertical such as aircraft finance and we wont always get it right, but quality loans and no defaults is our focus.
The platform has been essentially in beta, as suggested, and we have learned a lot form here, from meeting and speaking with our investors and attending pretty much every conference we can. From this knowledge we are building a new platform that we believe will be the best for what we do, and a reflection of how we see how the industry should work; more tools for lenders, better liquidity for secondary loans, more tools for having loans underwritten, data available directly on the site from independent sources for research and. of course, more quality loan opportunities.
Again, feedback is all good here.
Thanks Ablrate
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blender
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Post by blender on Mar 22, 2015 11:57:53 GMT
Thank you for the replies. Some peer to peer operators are what they seem, and I count FC and now Ablrate in that category, while some seem to interpret the concept rather imaginatively. Tests such as whether you lend to the borrower or lend to the platform which lends to the borrower are important to me. And also, as meledor also seems to consider important, whether the security of the charge on the asset is held for my beneficial interest - independently of the operator's continuance. Ablrate seems to be my kind of p2p operator and one to watch and consider. This Ablrate forum does seem to provide an unusual role compared with the FC branch, and pragmatically it seems beneficial to all parties. So no more flippant posts about English usage, and I'll sign off until I have enough to buy a propeller.
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gc
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Post by gc on Mar 24, 2015 10:36:04 GMT
This one does seem to be taking quite a while to fund, though I am new to their platform and this could be the norm.
Have I got this right here or am I working this out wrong? - At the rate of just over £193,000 pledged in a month, it would take around a year to fund the entire project? (aware that it says 27 days left)
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unmadem
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Post by unmadem on Mar 24, 2015 11:15:53 GMT
Yes gc it tends to be slow. There really aren't many lenders or loans, platform hasn't really reached a critical mass yet in my opinion. Think this is the first one to have over 100 lenders. Has been discussed a few times on different threads.
They are working on software changes which ablrate say will allow more loans to be brought to us. Presumably when the new approach is in place there will be a marketing campaign to boost lender numbers too ?
They have institutional funding which I assume could take up any slack in this particular loan if needed. Though I am not sure this has ever been stated by ablrate.
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gc
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Post by gc on Mar 24, 2015 12:18:27 GMT
Thanks for clarifying that and also about the institutional funding. Having £2'ish million spare to take up slack is a serious amount of spare change.
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ilmoro
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Post by ilmoro on Mar 24, 2015 13:10:36 GMT
Thanks for clarifying that and also about the institutional funding. Having £2'ish million spare to take up slack is a serious amount of spare change. Pretty sure the last time, Cessna? institutional money dropped in towards the end of the funding period. Vaguely remember leaving investing until the end as no instant returns & then scrambling to invest as avaliability dropped massively.
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