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Post by wildlife2 on Aug 1, 2018 17:21:22 GMT
There should be instant coffee returns though
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Post by supernumerary on Aug 2, 2018 8:57:03 GMT
Good luck to everybody on this loan launch today.
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nw99
Posts: 340
Likes: 114
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Post by nw99 on Aug 2, 2018 10:14:51 GMT
Have had no problems before
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Post by flobberchops on Aug 2, 2018 10:37:15 GMT
Here we go fellas. Good luck. See you on the other side.
[edit] Got some!
46% gone within the first 2 minutes.
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Post by supernumerary on Aug 6, 2018 10:17:20 GMT
Do you have the dates for the next available loans? Ablrate, After the recent 'electrifying trouble free' new loan launch, when can the next one be expected? Hopefully the answer will be, soon.
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Post by ablrate on Aug 6, 2018 10:28:15 GMT
Do you have the dates for the next available loans? Ablrate, After the recent 'electrifying trouble free' new loan launch, when can the next one be expected? Hopefully the answer will be, soon. We are just awaiting some information from the borrower to be able to launch a new one.. hopefully we will get that this week.
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Post by supernumerary on Aug 15, 2018 9:05:09 GMT
Ablrate, After the recent 'electrifying trouble free' new loan launch, when can the next one be expected? Hopefully the answer will be, soon. We are just awaiting some information from the borrower to be able to launch a new one.. hopefully we will get that this week. Ablrate, Thank you for the previous update. Much appreciated. We are now a 'week on', SO, will the new loan launch, now be later this week, or next week, when it is likely to require funding? ...OR, has this anticipated new loan, been 'scratched' from the Ablrate launch pad?
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blender
Member of DD Central
Posts: 5,719
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Post by blender on Aug 17, 2018 13:19:39 GMT
Not this week, then. Perhaps some difficulty in changing orientation from horizontal, in the pipeline, to vertical, on the launch pad.
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Post by supernumerary on Aug 19, 2018 20:59:04 GMT
Not this week, then. Perhaps some difficulty in changing orientation from horizontal, in the pipeline, to vertical, on the launch pad. Always best to have a safe, secure and diligent pipeline loan, ready for vertical dispatch/ignition, on the Ablrate launch pad. We are just awaiting some information from the borrower to be able to launch a new one.. hopefully we will get that this week.
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KoR_Wraith
Member of DD Central
Posts: 293
Likes: 297
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Post by KoR_Wraith on Aug 21, 2018 8:56:37 GMT
I don't know if others feel the same but with the change in sentiment over the last year I've become increasingly cautious about investing in P2P offerings.
Ablrate has long been my favourite platform but I find myself invested in only a couple of the 10 most recently launched loans, due to either exposure limitation to repeat borrowers or discomfort with the security being offered.
I, for one, would welcome an improvement in security quality at the expense of yield, say some loans offering 10% rather than the 12-13% norm. Evidently the previous 10 loans were all successfully funded (and now trade at a premium!) but such was also the case with Lendy and Moneything not too long ago, where significant losses now look likely if not altogether certain.
To be clear, I'm not espousing an abandonment of higher rate offerings, as the demand is evidently there, but a broader range of rates to suit a broader range of investor appetites would in my mind be a highly beneficial development.
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elliotn
Member of DD Central
Posts: 3,064
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Post by elliotn on Aug 21, 2018 9:46:13 GMT
Portfolio loans may suit you, the one so far offering a reassuring 8%.
That of course offered the same security as their self-select, 12% counterparts for a company that never made a profit.
We are typically offered 12/13% regardless of whether the borrower is paying abl 15% or 26%, so our cut is not necessarily a definitive risk indicator.
Look at the security and then scythe the 90D val rather than rely on lower rates. AC has plenty at the spread you are suggesting.
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withnell
Member of DD Central
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Post by withnell on Aug 21, 2018 9:53:10 GMT
There are also several platforms who go more for that market - lower rate on more "standardised" security, like LandBay or LendInvest - I've used both and administratively they're good, but I choose to stick with the 12% with an expectation of a proportion of defaults as with my risk appetite the net returns are higher
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KoR_Wraith
Member of DD Central
Posts: 293
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Post by KoR_Wraith on Aug 21, 2018 11:25:53 GMT
Portfolio loans may suit you, the one so far offering a reassuring 8%. That of course offered the same security as their self-select, 12% counterparts for a company that never made a profit. We are typically offered 12/13% regardless of whether the borrower is paying abl 15% or 26%, so our cut is not necessarily a definitive risk indicator. Look at the security and then scythe the 90D val rather than rely on lower rates. AC has plenty at the spread you are suggesting. The one portfolio loan thus far was short lived. And as you say, it was a re-rating of the 12% existing loan. Relying on 90-day valuations as a better guide is all fair and well given that such a valuation is reliable, however, lets run a look over recent loans and assume they all default (I'm taking the most recent available on the secondary market): 110 - Assuming company failure, the tangible security would be the vehicle stock which is lent on at up to 90% trade value. Company failure could well be linked to a deterioration in the motor trade which would directly impact trade values. Any guesses as to true liquidation trade value in this circumstance? I've invested in previous tranches but have reached my exposure limit. 109 - Specialist development site(s), very difficult to value in event of company failure. 108 - Security is a patent that is yet to be ratified, the value of which is based upon projected commercialisation targets 105 - Security value derived from projected trading figures, failure to achieve those figures demolishes the valuation 104 - Security value derived from projected trading figures (via leasing), failure to achieve those figures demolishes the valuation 103 - Security is 198 units which the valuer makes clear they did not individually inspect. I have previously invested significant amounts into Ca***ss loans but against what I felt were much better assets. 102 - Similar to 105 and 104, although as these properties were initially valued 2016 it is assumed that the lease went ahead successfully and they have an established trading history. So that's better. 101 - Same as 109 100 - Same as 110 Of these 9 loans, there are 5 borrowers. What are the chances of default? I've no idea. Hopefully all business plans are successful, repayments are upheld and both lenders and businesses make a good return. But that doesn't always happen and if the last 24 months have taught us anything it's that the longer a loan book runs the risk of defaults becomes near certainty. That's when the security matters. We've all lent on questionable security in the past, with years of good returns. Until the defaults came rolling in. The Lendy and FundingSecure boards are rampant with dissatisfied lenders to the point that the insight and value previous posts provided has been all but eroded. If you want to continue to lend at the 12-13% level then be my guest - Ablrate are serving you well. Ablrate need not change the makeup of its loan book to continue to be successful for the immediate term. But without a cautious shift, a modest downplaying of rate-chasing greed, my funds will struggle to comfortably remain. New loans on AssetzCapital generally pay ~6-8% and in my view might be yield 8-10% on a platform with lower overheads, such as Ablrate. Landbay and LendInvest seem to offer even worse rates of return, as discussed in p2pindependentforum.com/thread/9991/poor-ltv-returnI think there's a big gap in the market at the 8-10% space. Perhaps if portfolio loans ever finally get going and are of a quality which reflects the lower rate...
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 388
Likes: 389
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Post by brianlom1 on Aug 21, 2018 12:00:49 GMT
I don't know if others feel the same but with the change in sentiment over the last year I've become increasingly cautious about investing in P2P offerings. Ablrate has long been my favourite platform but I find myself invested in only a couple of the 10 most recently launched loans, due to either exposure limitation to repeat borrowers or discomfort with the security being offered. I, for one, would welcome an improvement in security quality at the expense of yield, say some loans offering 10% rather than the 12-13% norm. Evidently the previous 10 loans were all successfully funded (and now trade at a premium!) but such was also the case with Lendy and Moneything not too long ago, where significant losses now look likely if not altogether certain. To be clear, I'm not espousing an abandonment of higher rate offerings, as the demand is evidently there, but a broader range of rates to suit a broader range of investor appetites would in my mind be a highly beneficial development. @kor_Wraith - Having had my fingers burned a number of times now (ReBS, FC, Ly, FS, MT, Coll), I'd certainly be prepared to trade % return for added security. One option would be to introduce tranches (as per Proplend), each with its own risk/reward equation.
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n
Member of DD Central
Yet another Nick
Posts: 879
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Post by n on Aug 21, 2018 12:10:00 GMT
I don't know if others feel the same but with the change in sentiment over the last year I've become increasingly cautious about investing in P2P offerings. Ablrate has long been my favourite platform but I find myself invested in only a couple of the 10 most recently launched loans, due to either exposure limitation to repeat borrowers or discomfort with the security being offered. I, for one, would welcome an improvement in security quality at the expense of yield, say some loans offering 10% rather than the 12-13% norm. Evidently the previous 10 loans were all successfully funded (and now trade at a premium!) but such was also the case with Lendy and Moneything not too long ago, where significant losses now look likely if not altogether certain. To be clear, I'm not espousing an abandonment of higher rate offerings, as the demand is evidently there, but a broader range of rates to suit a broader range of investor appetites would in my mind be a highly beneficial development. @kor_Wraith - Having had my fingers burned a number of times now (ReBS, FC, Ly, FS, MT, Coll), I'd certainly be prepared to trade % return for added security. One option would be to introduce tranches (as per Proplend), each with its own risk/reward equation. The problem with that is that when there is less than 100% return of capital the riskier tranches end up getting nothing. c/f Birkenhead at MT.
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