blender
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Post by blender on Jun 13, 2017 16:47:14 GMT
I saw the post and went to look, thinking that I had no available funds. A property loan had just paid back early today, and so a chunk of this E became an impulse buy just in time. Thanks. Now, how long to keep it, one month or two?
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Post by yorkshireman on Jun 13, 2017 17:16:49 GMT
I saw the post and went to look, thinking that I had no available funds. A property loan had just paid back early today, and so a chunk of this E became an impulse buy just in time. Thanks. Now, how long to keep it, one month or two? Two weeks. 
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blender
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Post by blender on Jun 15, 2017 12:42:12 GMT
I think with that much cash for a future construction project, they should manage at least the first repayment. I suppose the risk might be RBR from a totally unexpected credit event. That has happened to me a few times.
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Post by GSV3MIaC on Jun 30, 2017 18:23:18 GMT
I'd say "list it at 3% premium at once, and get rid of it any which-way before the 2 weeks it up", and even then you might get SL125'd. And small Es are really low down the FC pecking order for follow up, since the E-stats have lots of headroom, and the odd £xx k doesn't alter things much, compared to the damage from a £xxx k A or B loan (while requiring almost as much effort to chase down).
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kaya
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Post by kaya on Sept 4, 2017 9:50:57 GMT
Nice big juicy E available for you right now!
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Post by dan1 on Sept 4, 2017 9:57:26 GMT
Nice big juicy E available for you right now! See here
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andyp
Stubborn Yorkshireman from the rhubarb triangle
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Post by andyp on Sept 12, 2017 17:38:41 GMT
Expansion And Growth Loan Expansion/growth (42522)
£220,000 over 6 months at 20.5%, about a fifth has gone in the first 20 mins so you might have a chance if interested.
This is the third E to go through in the last hour.
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liso
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Post by liso on Sept 12, 2017 17:42:44 GMT
Thanks for the heads up. I missed the other 2....unfortunately!
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rogerthat
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Post by rogerthat on Sept 12, 2017 18:46:13 GMT
So..theyre looking to borrow roughly £1/4m @ 20.5%...(herumph) that's what FC are paying the lenders..what the borrower is paying I dread to think..and theres no asset security. From past experience PG's are worth almost as much as the teabag variety..good luck everyone..a phrase from Dads Army springs to mind  |
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lucky
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Post by lucky on Sept 12, 2017 19:32:29 GMT
Don't recall ever seeing a six month E rated loan, I've invested a few quid, maybe try flogging a few tomorrow .
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adrian77
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Post by adrian77 on Sept 12, 2017 20:03:59 GMT
How much have they borrowed! "I don't believe it" to coin a phrase.
So what happens if the borrower shuffles the money from this company to another and defaults before the first repayment is due - does he get a kicking from the large purple puppet or what?
I ask because I can't see what legal recourse FC have ...
I note there is an A+ Welsh hotel loan - granted things are improving but it has a NBV of MINUS nearly £2m and this is serviced by the massive net "profit" of MINUS under 10K (figure are vague to protect personal details) There are other charges,late accounts and interesting director histories etc etc - one (who is British) lives in Kazakhstan. Does this ring any bells anybody!
FC have clearly surpassed themselves with this one! Have they learnt nothing from the London fiasco. If this is an A+ loan then I hate to think what the situation is for this E-loan.
I really don't believe it- I need a cup of tea - I will save the teabag and post to the director so it will double his PG asset! (copyright Rogerthat)
Z*** etc offer lower rates than the new FC general bonds. I have not seen the accounts so I have no idea but I would guess the Z*** rate is more realistic (and they have a provision fund) but it's still not bad!
Be interesting to see what the actual rates returned by FC will actually be in a year's time...although I guess they will have changed their model yet again by then!
If this is a typical Conservative loan then I can't see the final rate being anywhere the claimed FC rate and the result being a Jeremy Corbyn landslide!
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rogerthat
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Post by rogerthat on Sept 12, 2017 20:54:00 GMT
Cymru F*ith, Hope & Charity A+  Current assets £28.3K Current liabilities £1.7m  ..its a no brainer but not the way you might be thinking  "Does this ring any bells anybody ?" Only to Quasimodo...but the chime of The Lutine Bell is unmistakable...for whom the bell tolls  |
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Post by william0101 on Sept 13, 2017 9:23:30 GMT
Working Capital Loan Working capital (42537)
stet that, it is actually a D but I don't pay much attention to FC's alphabet
and it is gone now anyway
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..its a no brainer but not the way you might be thinking 
