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Post by oldnick on Jan 29, 2016 15:58:16 GMT
As, according to a couple of new members, I'm in a vocal minority I'll shut up. Shame it's become awkward to have an opinion here. Please don't shut up (encouraging smiley emoticon - whatever that looks like).
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trouble
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Post by trouble on Jan 29, 2016 17:07:44 GMT
Can someone point me to where Baz was told to shutup? I don't seem to be able to find that post.
Just a different opinion based on a calculation of 25p per day lost income pre-tax. I assume a newbie on this board is allowed a different opinion to the established clique?
God help us if AC took the hump like that to all the criticism (justified and unjustified) they get on here
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agent69
Member of DD Central
Posts: 6,048 
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Post by agent69 on Jan 29, 2016 17:36:51 GMT
As, according to a couple of new members, I'm in a vocal minority I'll shut up. Shame it's become awkward to have an opinion here. If it's only a couple of members you're probably not doing too bad!
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ianj
Member of DD Central
Posts: 656
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Post by ianj on Jan 29, 2016 18:01:21 GMT
Can someone point me to where Baz was told to shutup? I don't seem to be able to find that post. Just an ever so sight possibility that it was a reference to your "it's what gets them through the day" remark; the fact that you pose the question infers that you understand full-well! If you really didn't intend your comment to appear (too) 'sarky' then perhaps the use of a  might have made your point more palatable. If on the other hand........ P.S.
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baz657
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Post by baz657 on Jan 29, 2016 18:05:50 GMT
If it's only a couple of members you're probably not doing too bad! Sorry guv. I'll try harder next time to get all 7 of them .
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agent69
Member of DD Central
Posts: 6,048
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Post by agent69 on Jan 30, 2016 10:20:49 GMT
What do people think of the £6m bridge coming up in February? - experienced manager has owned the estate for 25 years
- borrowed a shed load of cash from the bank in 2002, but hasn't managed to pay any of it back
- looks like the bank have had enough as they are offering £1m debt forgiveness
- currently believed to be making a significant loss
- no credit rating as last years accounts are overdue
- turnover projected to nearly treble in the next 4 years
- lashing of profit for everyone by 2019
Interest retained at drawdown, so possibly worth a punt provided you can move it on before term?
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Post by chielamangus on Jan 30, 2016 11:03:22 GMT
What do people think of the £6m bridge coming up in February? - experienced manager has owned the estate for 25 years
- borrowed a shed load of cash from the bank in 2002, but hasn't managed to pay any of it back
- looks like the bank have had enough as they are offering £1m debt forgiveness
- currently believed to be making a significant loss
- no credit rating as last years accounts are overdue
- turnover projected to nearly treble in the next 4 years
- lashing of profit for everyone by 2019
Interest retained at drawdown, so possibly worth a punt provided you can move it on before term?
Sounds like a typical SS loan (who cares if the business can make a profit or not, the security is there to fall back on and the interest is taken up-front), and SS don't have any shortage of takers.
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registerme
Member of DD Central
Posts: 6,624
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Post by registerme on Jan 30, 2016 14:19:53 GMT
What do people think of the £6m bridge coming up in February? - experienced manager has owned the estate for 25 years
- borrowed a shed load of cash from the bank in 2002, but hasn't managed to pay any of it back
- looks like the bank have had enough as they are offering £1m debt forgiveness
- currently believed to be making a significant loss
- no credit rating as last years accounts are overdue
- turnover projected to nearly treble in the next 4 years
- lashing of profit for everyone by 2019
Interest retained at drawdown, so possibly worth a punt provided you can move it on before term?
Sounds like a typical SS loan (who cares if the business can make a profit or not, the security is there to fall back on and the interest is taken up-front), and SS don't have any shortage of takers. I'm not lending anything in Scotland, or to Scottish borrowers, until after the EU referendum has been held and we know whether Brexit / a second referendum on Scotland leaving the UK is likely.
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ben
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Post by ben on Jan 30, 2016 14:55:12 GMT
Sounds like a typical SS loan (who cares if the business can make a profit or not, the security is there to fall back on and the interest is taken up-front), and SS don't have any shortage of takers. I'm not lending anything in Scotland, or to Scottish borrowers, until after the EU referendum has been held and we know whether Brexit / a second referendum on Scotland leaving the UK is likely. I doubt they will leave , I think Scotland likes the idea of independence but when it comes to it will not, like last time they were promised everything would be great if they left and everything would work fine but never mentioned how they were going to pay for it
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oldgrumpy
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Post by oldgrumpy on Jan 30, 2016 15:51:01 GMT
As, according to a couple of new members, I'm in a vocal minority I'll shut up. Shame it's become awkward to have an opinion here. If your name is Eccles you can shut up!If it isn't, don't shut up. If you understand all that, it dates you!! ( errr ... and me!)
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ianj
Member of DD Central
Posts: 656
Likes: 520
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Post by ianj on Jan 30, 2016 16:29:24 GMT
As, according to a couple of new members, I'm in a vocal minority I'll shut up. Shame it's become awkward to have an opinion here. If your name is Eccles you can shut up!If it isn't, don't shut up. If you understand all that, it dates you!! ( errr ... and me!) Guess I'm sufficiently dated too. All is now clear. You're really Neddie Seagoon in a cunning disguise and I expect you keep your bananas loaded! 
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bigfoot12
Member of DD Central
Posts: 1,817
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Post by bigfoot12 on Jan 30, 2016 16:37:00 GMT
I'm not lending anything in Scotland, or to Scottish borrowers, until after the EU referendum has been held and we know whether Brexit / a second referendum on Scotland leaving the UK is likely. I doubt they will leave , I think Scotland likes the idea of independence but when it comes to it will not, like last time they were promised everything would be great if they left and everything would work fine but never mentioned how they were going to pay for it And oil is $35/bbl...
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agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
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Post by agent69 on Jan 30, 2016 16:48:14 GMT
As, according to a couple of new members, I'm in a vocal minority I'll shut up. Shame it's become awkward to have an opinion here. If your name is Eccles you can shut up!If it isn't, don't shut up. If you understand all that, it dates you!! ( errr ... and me!) Q - What time is it Eccles? A - Um, just a minute, I got it written down here on a piece of paper www.youtube.com/watch?v=-tjHlFPTwVk
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Jan 30, 2016 17:05:25 GMT
My piece of paper said 16:01 and I've won the competition on the MoneyThing fred ... Jim!
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pikestaff
Member of DD Central
Posts: 2,187
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Post by pikestaff on Jan 30, 2016 17:32:30 GMT
What do people think of the £6m bridge coming up in February? - experienced manager has owned the estate for 25 years
- borrowed a shed load of cash from the bank in 2002, but hasn't managed to pay any of it back
- looks like the bank have had enough as they are offering £1m debt forgiveness
- currently believed to be making a significant loss
- no credit rating as last years accounts are overdue
- turnover projected to nearly treble in the next 4 years
- lashing of profit for everyone by 2019
Interest retained at drawdown, so possibly worth a punt provided you can move it on before term?
Well, it's definitely not a loan against the business - the Q&A makes this very clear. The plan is to exit through property sales, which sounds plausible but I look forward to seeing the valuation report, including what it says about the planning.
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might have made your point more palatable. If on the other hand........
