stevio
Member of DD Central
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Post by stevio on Oct 31, 2016 13:07:12 GMT
ablrate please could you confirm the relationship between the current director of B********* R********* & G**** Ltd, APF is making the loan too, in relation to the two brothers already mentioned in the documents (they share the same surname)? Also, this company was incorporated on just the 6 January 2016 I note there is another company with the pubs name with one of the brothers listed as director Can you confirm there is not a mistake in the listing or explain the discrepancy please? Also, I note the loan is to the company, but I imagine the security is not in the name of the company but a personal name? How would this effect things?
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stevio
Member of DD Central
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Likes: 894
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Post by stevio on Oct 31, 2016 19:40:25 GMT
Obviously popular, all gone!
Not quite sure why though?
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jonah
Member of DD Central
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Post by jonah on Oct 31, 2016 19:47:37 GMT
Obviously popular, all gone! Not quite sure why though? I've not read the details due to only just getting online, but I'm guessing the perceived risk vs return. With SS rates dropping and a month end (generating interest) cash has to go somewhere. Personally I'm just glad to see slightly improved deal throughput on Abl even if more ground based than expected as the level of platform survivability is my biggest concern here. Wouldn't mind a few containers being found also though....
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kermie
Member of DD Central
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Likes: 462
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Post by kermie on Oct 31, 2016 20:05:02 GMT
Property is currently for sale (sold STC), expected to be wrapped up within 3 months, but minimum of 6 months interest - so best case you end up with an excellent return - 24% p.a. or more, albeit only for a short period. Of course, there's every chance the sale falls through or takes much longer, etc, but even in that case you're still looking at 12% p.a. on 60% LTV for residential property, so it still seems decent.
All in all, it looked to me to be one of the best deals on Ablrate I've seen (admittedly I'm a relative newbie to Ablrate).
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Post by supernumerary on Oct 31, 2016 20:07:52 GMT
With SS rates dropping and a month end (generating interest) cash has to go somewhere. Indeed so... 
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guff
Posts: 730
Likes: 707
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Post by guff on Oct 31, 2016 20:14:16 GMT
Obviously popular, all gone! Not quite - there's £3.80 left.
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hazellend
Member of DD Central
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Post by hazellend on Oct 31, 2016 20:24:40 GMT
Somebody buy the last 3.80 please!
ABLrate have had some of the best loans recently.
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binkle
Member of DD Central
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Post by binkle on Oct 31, 2016 21:00:47 GMT
If only, ablrate don't allow shrapnel purchase, so the cash sits all alone...😊
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Post by 2wolfbag2 on Oct 31, 2016 21:32:10 GMT
If only, ablrate don't allow shrapnel purchase, so the cash sits all alone...😊 Bit of a newbie to ABL - don't understand shrapnel -- I was playing around with my first investments and got £2.55
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guff
Posts: 730
Likes: 707
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Post by guff on Oct 31, 2016 21:36:51 GMT
Somebody buy the last 3.80 please! ABLrate have had some of the best loans recently. I've tried. And I've asked nicely. They've probably all at the Hampshire mansion housewarming party…
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Post by ablrate on Nov 1, 2016 15:23:50 GMT
Somebody buy the last 3.80 please! ABLrate have had some of the best loans recently. I've tried. And I've asked nicely. They've probably all at the Hampshire mansion housewarming party… Thanks for the compliment - more coming... The issue arose as we restricted the initial bid to £10..... without our thinking heads on..... so when it got below £10 you can't bid. So a small tweak has been made. Each loan has a minimum bid of £1 now and we have restricted fractions, so basically it has to be in round numbers.... Done today.
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binkle
Member of DD Central
Posts: 57
Likes: 29
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Post by binkle on Nov 3, 2016 20:26:26 GMT
If only, ablrate don't allow shrapnel purchase, so the cash sits all alone...😊 Bit of a newbie to ABL - don't understand shrapnel -- I was playing around with my first investments and got £2.55 Shrapnel as I intended it is when you pass the time picking up tiny things to buy, more common in Slaving Scream or very tiny old loan parts on other sites
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