Steerpike
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Post by Steerpike on Jan 22, 2016 14:04:54 GMT
Still trying to decide whether or not to invest in this one as I have a chunk of E****** Debenture 1.
Worth a look if you are interested in a 20 year fixed 7% return based on an investment in over 300 domestic installations.
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pom
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Post by pom on Jan 22, 2016 14:26:30 GMT
I also have a chunk of 1, but not so big as to put me off a piece of this new one.  |
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ben
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Post by ben on Jan 22, 2016 20:37:47 GMT
I also have a chunk of 1, but not so big as to put me off a piece of this new one. Only just joined so guess will have to get a chunk and see how it goes
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Post by gusgorilla on Feb 10, 2016 15:30:41 GMT
Ideal for me as I'm retiring and looking for anything that allows me to efficiently turn my pension savings into long term income. Things like income funds and investment trusts look very shaky right now, the quality of information they supply is often poor and TBH I'm not yet confident enough in my ability to read accounts to know whether I'm missing things. This offering I think I understand. I like the way the interest rate increases as time goes on.
One thing puzzles me, which is why it is not attracting more investors.
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Steerpike
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Post by Steerpike on Feb 10, 2016 15:50:55 GMT
My guess is that most folk don't want 19/20 year investments
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pom
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Post by pom on Feb 10, 2016 15:55:24 GMT
Ideal for me as I'm retiring and looking for anything that allows me to efficiently turn my pension savings into long term income. Things like income funds and investment trusts look very shaky right now, the quality of information they supply is often poor and TBH I'm not yet confident enough in my ability to read accounts to know whether I'm missing things. This offering I think I understand. I like the way the interest rate increases as time goes on. One thing puzzles me, which is why it is not attracting more investors. It's pretty normal for their projects to fill quite slowly, they're not a huge platform after all, and there may be some people who feel they have enough in the original E******.
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ben
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Post by ben on Feb 10, 2016 16:12:39 GMT
Ideal for me as I'm retiring and looking for anything that allows me to efficiently turn my pension savings into long term income. Things like income funds and investment trusts look very shaky right now, the quality of information they supply is often poor and TBH I'm not yet confident enough in my ability to read accounts to know whether I'm missing things. This offering I think I understand. I like the way the interest rate increases as time goes on. One thing puzzles me, which is why it is not attracting more investors. It's pretty normal for their projects to fill quite slowly, they're not a huge platform after all, and there may be some people who feel they have enough in the original E******. With the way the secondary market are working on other sites at moment a lot of people are buying the selling on before end of term so a 20 year investment will not appeal to them, also initially the amount you get back is not that good, you have to be in it for a fair few years to start getting a decent return on your money
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shimself
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Post by shimself on Mar 11, 2016 10:31:20 GMT
There's a new one up now, 2 in fact, solar, with IRR of 7.5% and 6%. What continues to disappoint me about these offers is that the company benefit from inflation protection, and in a 15 or 20 year period there could easily be a spike to, well 15% say. If they extended that protection to us the debenture holders, as they have done in some earlier offerings, I would jump at it. I think we can safely assume that inflation (and therefore interest rates) won't go that high in the next say 5 years, but if it did we would be holding a product with a rate of 7ish% (I'm looking at MAP) when all around would be earning twice that, so on that crude calculation if we needed to sell it we would only get half what we paid. Actually it's much more complicated than that see attachment below, maybe someone here can help me work it out properly (pretty please). How times have changed, they cite low inflation for the duration of the loan as a risk factor without a solution! Attachments:
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Post by gusgorilla on Mar 14, 2016 23:36:59 GMT
shimself, could you tell me what form that inflation protection took? Do you know a way of me getting a look at any of the offerings that offered that protection or can you remember any names of projects. I would be tempted to bid for some loan parts on the secondary market if I could identify projects with inflation protection. Is it simply a matter of looking for projects whose type is variable return rather than fixed return? I don't really understand how the fixed rate projects work. abundance, would it be more accurate to describe fixed rate projects as capped rate? What happens to any excess over the stated "fixed" rate and conversely what happens when there is a shortfall?
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shimself
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Post by shimself on Mar 14, 2016 23:43:26 GMT
shimself , could you tell me what form that inflation protection took? Do you know a way of me getting a look at any of the offerings that offered that protection or can you remember any names of projects. I would be tempted to bid for some loan parts on the secondary market if I could identify projects with inflation protection. Is it simply a matter of looking for projects whose type is variable return rather than fixed return? Yup, think so.
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Steerpike
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Post by Steerpike on Sept 17, 2020 11:28:31 GMT
I have queried the vote with Abundance:
Please can you explain why we could not allow the independent valuation to proceed as per the terms of the debenture and then if the offer price is below the valuation call a vote to accept the offer or not?
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Post by stan88 on Sept 17, 2020 13:20:23 GMT
I have queried the vote with Abundance:
Please can you explain why we could not allow the independent valuation to proceed as per the terms of the debenture and then if the offer price is below the valuation call a vote to accept the offer or not? I'd be interested to know what if anything Abundance say to you however I suspect the owner can make the offer and Abundance will not advise either way. If a valuation on the premium amount went ahead and was above 2.72% then I take it that's going to be unacceptable to the seller (maybe 2.73% is). Then we have a owner who says the business is not going well, what's to sell and is going to be very reluctant going forward. I think I will vote for it full repayment of outstanding capital plus a premium equivalent to 2.72%. Unfortunate has E****** 1 was going very well.
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Post by mememe on Sept 17, 2020 17:08:52 GMT
Think I'll be voting against this myself as I'd expect an independent valuation to give a higher premium. If they think this premium is fair they'll have to give more info. Electricity production is lower than expected but I would hope that cashflow becomes easier as inflation linked FIT payments grow.
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