merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
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Post by merlin on Jan 30, 2014 17:55:56 GMT
Another one joined the defunct list. However did at least get an email from FC announcing their intention of defaulting it and then pursuing the guarantor, who they say, has the where withal to meet the debt. Lets hope they are right but I won't hold my breath as these things normally take a long, long time if legal action is required.
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captainconfident
Member of DD Central
Posts: 2,624
Likes: 2,502
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Post by captainconfident on Jan 30, 2014 23:25:30 GMT
Based on my lentil and couscous diet, and having bought this company's products once in a branch of Makro in about 1998, I made a major error in loading up in a big chunk of this loan. I regret everything I said about not investing in livestock loans! Buy cow!
This is enough of a setback for me to have a rethink today. I've had no A rated defaults for a year (50% of my FC exposure), and results there are consequently running ahead of my separate B-C-C- portfolio. Given the sheer amount of loans to look at these days, I'm resolved to give up on the latter rated loans, set the autobidder on A and stop wasting my time running to stand still. If I'm going to average out at 5.5%, better off with Wellesley.
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