registerme
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Post by registerme on Mar 16, 2016 15:09:44 GMT
aka "key man risk", and yes, it should be considered as part of platform risk.
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treeman
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Post by treeman on Mar 16, 2016 17:29:58 GMT
Agreed and full marks to Ablrate. My earlier criticism was not about someone taking a day off per se, we’ve all done it, I’m sure, however, before taking the time off, any priority tasks should be attended to or delegated. There is an important point here relevant to the smaller platforms relating to redundancy systems/key man cover. What would happen if Andy & albrate had 'shot each other down'? What procedures are there in the event that one or both arent available for a period. I made a withdrawal request early yesterday which has only been actioned today, again something that I believe ablrate handles, who deals with it when he is unavalaible, who authorises payments, who source the loans. Same potential goes for Ed at MT, though day to day operations seem to be handled by the Things, or Liam & Tim at SS. Is there a risk that small platforms are over-reliant on key individuals and is this another risk that needs to be considered in relation to 'platform risk'? Very good question ilmoro (and xyon100 too). None of us know when sh#t will happen as I've found out on many levels in the last 18 months. Would be very interesting to hear the other platforms thoughts on this - MoneyThing, savingstream ? (maybe a thread on your own boards)
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james
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Post by james on Mar 16, 2016 18:08:28 GMT
I was blowing ablrateAndy out of the sky yesterday A noble cause. Though given your background I hope that Andy checked that you didn't have access to the aircraft before the event... And of course key person risk is a factor for all smallish platforms but it is also one that would lead to a decent resolution compared to something like fraud because normal processes should take care of at a minimum an orderly wind-down. For the very smallest that may not have financial resources already in place to cover costs within the business it could be an issue, though, since it would have no call on the estate of the deceased. Yet the ongoing loans and capital available or eventually available is still likely to at least mostly cover reasonable costs once there's a modest loan book accumulated.
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Investor
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Post by Investor on Mar 17, 2016 11:28:17 GMT
Was anyone else surprised that they managed to get two aircraft off the ground without a gap of 2 months or more between them
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Post by ablrateandy on Mar 18, 2016 8:26:21 GMT
Interestingly you can buy a Slingsby Firefly for about £80k. There's a school of thought (mine) that says that Ablrate should put up a loan to finance one for me. ablrate can pop a PG behind it. Free flight for anyone that pledges more than 5k.
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Investor
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Post by Investor on Mar 18, 2016 9:07:53 GMT
Interestingly you can buy a Slingsby Firefly for about £80k. There's a school of thought (mine) that says that Ablrate should put up a loan to finance one for me. ablrate can pop a PG behind it. Free flight for anyone that pledges more than 5k. Tut Tut. ablrateandy you have been on the P2P scene long enough now to know better that few on this forum have much belief in the value of Possible Guarantees
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pom
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Post by pom on Mar 18, 2016 10:55:32 GMT
Interestingly you can buy a Slingsby Firefly for about £80k. There's a school of thought (mine) that says that Ablrate should put up a loan to finance one for me. ablrate can pop a PG behind it. Free flight for anyone that pledges more than 5k. Tut Tut. ablrateandy you have been on the P2P scene long enough now to know better that few on this forum have much belief in the value of Possible Guarantees I suspect that was his point....
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johnfleet
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Post by johnfleet on Mar 18, 2016 14:55:03 GMT
Interestingly you can buy a Slingsby Firefly for about £80k. There's a school of thought (mine) that says that Ablrate should put up a loan to finance one for me. ablrate can pop a PG behind it. Free flight for anyone that pledges more than 5k. Tut Tut. ablrateandy you have been on the P2P scene long enough now to know better that few on this forum have much belief in the value of Possible Guarantees Why not go with the latest technology - and at half the price! = www.proairsport.com - seriously thought this small British tech start up is probably in need of some finance so they might even want to talk to you! I'm looking for someone to go shares with in one!! John
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Post by xyon100 on Mar 18, 2016 15:16:13 GMT
Tut Tut. ablrateandy you have been on the P2P scene long enough now to know better that few on this forum have much belief in the value of Possible Guarantees Why not go with the latest technology - and at half the price! = www.proairsport.com - seriously thought this small British tech start up is probably in need of some finance so they might even want to talk to you! I'm looking for someone to go shares with in one!! John Have they flown one yet? Not immediately clear from the website. I must admit, the idea of a self launching sailplane sounds fab to me. It is pretty radical though. Jet engine and electric powered undercarriage?!
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 18, 2016 15:17:27 GMT
Interestingly you can buy a Slingsby Firefly for about £80k. There's a school of thought (mine) that says that Ablrate should put up a loan to finance one for me. ablrate can pop a PG behind it. Free flight for anyone that pledges more than 5k. Surely as a company director you can put in for one of these for business purposes. Perfect for popping backwards & forwards to China to check on the companies' containers
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johnfleet
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Post by johnfleet on Mar 18, 2016 15:46:04 GMT
Why not go with the latest technology - and at half the price! = www.proairsport.com - seriously thought this small British tech start up is probably in need of some finance so they might even want to talk to you! I'm looking for someone to go shares with in one!! John Have they flown one yet? Not immediately clear from the website. I must admit, the idea of a self launching sailplane sounds fab to me. It is pretty radical though. Jet engine and electric powered undercarriage?! Not as yet - last update was doing taxying testing. The combination of jet power and electric power is to try and get the best of both world's - a small, efficient jet for initial climb and in flight use, but a meaty electric motor to provide the acceleration to reach takeoff speed. I was considering investing directly in the company but it's a just a little bit too risky for me to be comfortable with - but I really hope that they can make the project work...
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Investor
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Post by Investor on Mar 18, 2016 15:47:35 GMT
Interestingly you can buy a Slingsby Firefly for about £80k. There's a school of thought (mine) that says that Ablrate should put up a loan to finance one for me. ablrate can pop a PG behind it. Free flight for anyone that pledges more than 5k. Surely as a company director you can put in for one of these for business purposes. Perfect for popping backwards & forwards to China to check on the companies' containers Slingsby Firefly specs - Range: 407 nm (468 mi, 753 km). Distance from London to China ~4868 mi. Negatives - No Avios points Positives - A well planned route could collect you Nectar points at your 11 petrol station stops (each way)
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Investor
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Post by Investor on Mar 18, 2016 15:55:49 GMT
Those of us that have children of a certain age will remember the best known Slingsby Firefly of all times.
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jjx
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Post by jjx on Mar 18, 2016 21:17:19 GMT
Hello, newbie here.
I have a 'next instalment' date of 18th showing but haven't received any interest today. Is it just me or does that button need pressing?
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james
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Post by james on Mar 18, 2016 21:47:00 GMT
I have a 'next instalment' date of 18th showing but haven't received any interest today. Is it just me or does that button need pressing? That'll be for the Jan containers loan. Usually it's just the button, has always been so far and minimal chance of it being anything else for this particular borrower. ablrate does the button pressing but it's quite common for it to be late in the day, well after the work day has ended. Occasionally it ends up being done after midnight and the records end up showing incorrectly that the borrower paid late when it was just a glitch on the Ablrate side. Don't hesitate to pick up the phone or ask in email/whatever if you do need anything from the Ablrate team. Like the fine folks over at MoneyThing they are very helpful. Welcome!
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