adrian77
Member of DD Central
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Post by adrian77 on Jan 23, 2020 20:52:24 GMT
we have already had several 100% loss and several losses in excess of this e.g. the Whitehaven farce - will the overall FS return be minus 81% - no but that is hardly something to shout from the roof tops...
interesting position - time will tell - we have already had more than a few- as to the zombie loan book I be will pleased if we have over 50% that come good - personally I am on track for 100% of my remaining loans to go pectorals up...
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foolsgold
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Post by foolsgold on Jan 23, 2020 22:20:17 GMT
Ive not reinvested in any new loans for about 18 months and have been drawing withdrawing everything from FS as it matures and Ive got about 30 percent of my original investment back so Im heavily invested in this farce and mostly in old loans.That was before I knew of all the shenanigans and inter connected loans.
Even if I get my original investment back ...which I very much doubt I have lost out on other opportunities that may have come along from elsewhere but you live and learn.So many different points of view on the loan book but if the connected loans pay off then my losses will still be a lot.
Never invested more than I could afford to lose but I kick myself allowing to get sucked into the spin believing and trusting the FCA to regulate the industry properly.Dont think that we will have much sympathy from the general public as they will view us have too much money when in fact many are ordinary pensioners trying to get a bit more than 0.5 interest than the bank is offering.
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Post by sebb on May 5, 2021 15:46:59 GMT
30/04/2021 The offer referred to in the previous updates was rejected, whereby a global offer from the director of the borrower company was received, which provided a better outcome to creditors. This global offer did not complete and, as such, the property is no longer under contract. However, the director of the borrower company has reverted to the Administrators of the borrower company, Quantuma, with a revised individual offer of £550,000 with a 10% deposit being payable upon exchange of contracts and completion within 28 days. There would also be an additional payment of £150,000 payable upon grant of planning permission. This payment would also release the personal guarantee held by the borrower in relation to this loan. We are awaiting an update from Quantuma.
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rogerthat
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Post by rogerthat on Jul 30, 2021 15:51:00 GMT
Update 30/07/21
Property in Southampton.."The Administrators of the borrower company have advised that although there have been delays in exchanging contracts at the agreed sale price of £630,000, contracts are in the process of being finalised. It is further understood that exchange should take place in the coming weeks"
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