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Post by Ton ⓉⓞⓃ on Mar 9, 2015 15:41:15 GMT
With the Care Home. The only concerns for me on first read are the next CQC visit; this is an unknown that all care homes experience, the other concern being that c£60k will be used as working capital. I don't know how significant that is any ideas? What concerned me was that the LTV valuation was for the building as an operating care home, with a rather lower figure if the business was closed. They are a fairly specialised building made to a high spec, so if change of use occurs a big lost will be taken... Hold on Has this loan been taken back behind the Underwriter Curtain? Another one for the missing Links... Now Added to the Pink Area
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Post by Deleted on Mar 9, 2015 15:47:51 GMT
Weird, I happily reading about digestors and next moment the carehome was gone. Looked everywhere, even under the cat, nada.
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mikes1531
Member of DD Central
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Post by mikes1531 on Mar 9, 2015 17:29:32 GMT
Bearing in mind the recent failure of a care home in Herefordshire because the County Council decided to reduce payment to far less than the actual cost of the care... As a resident of said County, I can't say I have a very high opinion of said Council, especially where finance is involved. 
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baz657
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Post by baz657 on Mar 9, 2015 22:39:53 GMT
Just tried to read the latest valuation appendices (added today) for loan #160 but I'll be damned if I'm going stand on my head this late at night.
Come on Assetz.... this should be basic stuff and not rocket science. Make sure the damn reports on the website are the right way up! It's the little things like this make me worry about current and future investments.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Mar 10, 2015 8:22:16 GMT
Just tried to read the latest valuation appendices (added today) for loan #160 but I'll be damned if I'm going stand on my head this late at night. Come on Assetz.... this should be basic stuff and not rocket science. Make sure the damn reports on the website are the right way up! It's the little things like this make me worry about current and future investments. If you go to the tools menu (double right arrow, top right) you can rotate them with just a couple of clicks and then no gymnastics required 
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baz657
Member of DD Central
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Post by baz657 on Mar 10, 2015 9:47:29 GMT
If you go to the tools menu (double right arrow, top right) you can rotate them with just a couple of clicks and then no gymnastics required Sorry - I should have added that I know how to change pdf files around but not everybody is as computer literate. Even so, it's just a basic thing that should be right in the first place. As nobody from AC seems to be watching in here I'll email them and let them know.
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bigfoot12
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Post by bigfoot12 on Mar 10, 2015 9:58:45 GMT
If you go to the tools menu (double right arrow, top right) you can rotate them with just a couple of clicks and then no gymnastics required Sorry - I should have added that I know how to change pdf files around but not everybody is as computer literate. Even so, it's just a basic thing that should be right in the first place. As nobody from AC seems to be watching in here I'll email them and let them know. I have made this mistake in the past. On one computer I use, the PDF reader auto rotates to correct the orientation if I scan something up side down. It looks okay to me, but the file is wrong. I only notice when I look on a different computer. It could be something like this.
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Post by lynnanthony on Mar 11, 2015 10:58:54 GMT
Loan #163 - aluminium and plastic manufacturer - "upcoming"
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Mar 11, 2015 14:37:21 GMT
Loan #163 - aluminium and plastic manufacturer - "upcoming" This is only my personal opinion & is not meant as a slight in any direction but, I have not been excited about any loan offering for a while now. There hasn't been any to get excited about or get your teeth into as in the past. Part of the fun/excitement is in the groundwork/research, etc that goes along with trying to make some money out of all this, which has been missing. Does anyone else feel the same or am I by me lonesome (as usual)? 
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bugs4me
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Post by bugs4me on Mar 11, 2015 15:00:12 GMT
Loan #163 - aluminium and plastic manufacturer - "upcoming" This is only my personal opinion & is not meant as a slight in any direction but, I have not been excited about any loan offering for a while now. There hasn't been any to get excited about or get your teeth into as in the past. Part of the fun/excitement is in the groundwork/research, etc that goes along with trying to make some money out of all this, which has been missing. Does anyone else feel the same or am I by me lonesome (as usual)? - no you're not alone. I suppose all platforms need to evolve but the update that took place a few months ago effectively IMO sterilised everything but introduced new problems which have yet to be fixed. Whilst there were a few 'problems' associated with the old system - mainly drawdown delays - you could get more involved. Apart from a few oldish loans I haven't invested in anything new for several weeks and just picked up bits of shrapnel here and there. We all have our own comfort levels and I prefer to see solid loan backed security which again IMO seems to be lacking of late. So really I've done relatively little research on the current offers on the table. It may be different if you're an underwriter but as I'm not I have no idea how it works on the other side of the fence. How, when, where I will invest once my loans start maturing is really a wait and see situation.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Mar 11, 2015 15:42:56 GMT
Loan #163 - aluminium and plastic manufacturer - "upcoming" This is only my personal opinion & is not meant as a slight in any direction but, I have not been excited about any loan offering for a while now. There hasn't been any to get excited about or get your teeth into as in the past. Part of the fun/excitement is in the groundwork/research, etc that goes along with trying to make some money out of all this, which has been missing. Does anyone else feel the same or am I by me lonesome (as usual)? I largely baled out when I had experienced the "fun" that the developers had had with the new system. I had warned a long time before hand that any new system had to be simple to understand and simple to use. When the new system went live and my loans started to fill up with shrapnel I pulled the ripcord. I am still left with a bunch of loans that are effectively in default which I can not sell but when they resolve I will not be buying anymore.
It is my firm belief that Assetz are attempting to diversify far too quickly. I may be proved wrong but time will tell.
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agent69
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Post by agent69 on Mar 11, 2015 17:37:07 GMT
Loan #163 - aluminium and plastic manufacturer - "upcoming" Being bought out by 2 brothers who ..... have run their own greengrocery company for several years.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 11, 2015 19:35:55 GMT
Loan #163 - aluminium and plastic manufacturer - "upcoming" This is only my personal opinion & is not meant as a slight in any direction but, I have not been excited about any loan offering for a while now. There hasn't been any to get excited about or get your teeth into as in the past. Part of the fun/excitement is in the groundwork/research, etc that goes along with trying to make some money out of all this, which has been missing. Does anyone else feel the same or am I by me lonesome (as usual)? I suspect you were investing when AC fed you steroids, so I have empathy with your predicament. I joined AC at the end of April 2014 and never got fed tasty 15% BL's or cashback. On the day I joined the new posting was loan #87. It's still available, and always has been. It has been good fun building up a diversified portfolio, but the latest offerings aren't very enticing. I have succumbed to various P2P afflictions such as, MHS (missing horseshoe syndrome), and IPF (Investment Paused fatigue), but BUD (boring upcoming-loan disorder) is a new one on me. I must get tested.
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tonyr
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Post by tonyr on Mar 11, 2015 20:19:16 GMT
And we have one more #162 West Midlands Care Home.
They are coming thick and fast right now - just what everyone has been asking for after the "famine"
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Mar 11, 2015 20:59:41 GMT
This is only my personal opinion & is not meant as a slight in any direction but, I have not been excited about any loan offering for a while now. There hasn't been any to get excited about or get your teeth into as in the past. Part of the fun/excitement is in the groundwork/research, etc that goes along with trying to make some money out of all this, which has been missing. Does anyone else feel the same or am I by me lonesome (as usual)? I suspect you were investing when AC fed you steroids, so I have empathy with your predicament. I joined AC at the end of April 2014 and never got fed tasty 15% BL's or cashback. On the day I joined the new posting was loan #87. It's still available, and always has been. It has been good fun building up a diversified portfolio, but the latest offerings aren't very enticing. I have succumbed to various P2P afflictions such as, MHS (missing horseshoe syndrome), and IPF (Investment Paused fatigue), but BUD (boring upcoming-loan disorder) is a new one on me. I must get tested. I wasn't specifically alluding to rates (I had a small amount left @ 15% in the Spondy loan but sold out many weeks ago, the rest are your run of the mill loans we're all invested in). It's more about quality, variety, decent solid LTVs & such. I've been bitten with a few defaulted loans & the plumber man, so high rates are not my priority, Quality of loans & reduced likelihood of defaults are more important whilst yielding reasonable returns.
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