jimbob
Member of DD Central
Posts: 317 
Likes: 74
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18862
Jan 8, 2016 10:30:40 GMT
Post by jimbob on Jan 8, 2016 10:30:40 GMT
Stunning, a true masterpiece.
Perhaps the safest investment you'll ever make.
All the plaudits came out for Fun Cyclinder's greatest ever offer
Fitch, Moody's, and Standard and Poors grade A+++ bond market offerings have never provided this much return for so little risk. "Don't buy gilts lad, get thee money in unsecured hospitality loans".
So who is going to take the plunge with me on this one. The wonderful current ratio, and obvious resale potential for a magnificent profit are all too good on this one I think - and it has the Full Certification of an A+ rating. An opportunity too good to miss I think.
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18862
Jan 8, 2016 11:23:07 GMT
is likes this
Post by GSV3MIaC on Jan 8, 2016 11:23:07 GMT
And fully secured on minus half a million of net worth too!! Well, autobid will fill it up, so excuse me if I look elsewhere for something approaching sane value.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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18862
Jan 8, 2016 12:11:37 GMT
Post by blender on Jan 8, 2016 12:11:37 GMT
It will be instructive to see if any manual bidders become involved. The A+ rating is incredible. I suppose we could assume that the £900k of current liabilities might all be loans from directors which can be negated through the guarantee - but we don't know that, and even so.
One to watch fill to give an indication of where FC is at.
Edit: St*v*5* clearly trusts FC's A+ banding generally.
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adrianc
Member of DD Central
Posts: 10,014
Likes: 5,143
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18862
Jan 8, 2016 12:36:52 GMT
Post by adrianc on Jan 8, 2016 12:36:52 GMT
It's almost like it's a test of just how egregiously over-banded they can get away with and still fill loans.
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is
Posts: 108
Likes: 14
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18862
Jan 8, 2016 12:43:16 GMT
Post by is on Jan 8, 2016 12:43:16 GMT
18863, a C, looks better to me  |
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maxmarengo
Member of DD Central
Posts: 96
Likes: 28
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18862
Jan 8, 2016 12:55:06 GMT
Post by maxmarengo on Jan 8, 2016 12:55:06 GMT
Wow, over 1000 people placed a single bid, 80% of the money bid. Autobidders?
However, one bidder has placed 300 bids!
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Jan 8, 2016 13:02:09 GMT
18863, a C, looks better to me Agreed, even before you take account of 3.9% extra interest.
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18862
Jan 8, 2016 13:45:27 GMT
Post by goldservice on Jan 8, 2016 13:45:27 GMT
18863, a C, looks better to me Agreed, even before you take account of 3.9% extra interest. even after, even
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am
Posts: 1,495
Likes: 601
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18862
Jan 8, 2016 21:40:24 GMT
Post by am on Jan 8, 2016 21:40:24 GMT
And fully secured on minus half a million of net worth too!! Well, autobid will fill it up, so excuse me if I look elsewhere for something approaching sane value. I suspect that FC is looking at the current profits, which would put the company back in the black in a couple of years, and at the directors' assets. The company appears not to own the Hall (tangible assets too low), so I suspect that it is leasing it from the directors. We have no idea how much equity the directors have in the Hall, but FC may well know. This may well be another case where the loan would look better if FC were to deign to tell us more about it, but since it'll probably fill on autobidders we're going to remain in ignorance.
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