SteveT
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Post by SteveT on Aug 22, 2017 15:48:06 GMT
Anyone fancy a £1,000,000 bond paying 6% for 60 years (or more likely 9 years, depending which figure is correct)? Seems to be secured on an investment company owning mining / mineral assets in the US and Peru.
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star dust
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Post by star dust on Aug 22, 2017 16:10:26 GMT
Err... Think I might prefer a Lendy Bond . Is that your £1 in there SteveT? I didn't get an email although I don't seem to get them all.
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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 Aug 22, 2017 16:13:04 GMT
No email here either.
No proposal just the prospectus for the bond
This is a product only avaliable to restricted investor classes and there is no evidence of a mechanism for anybody to verify they qualify so cant quite see how Huddle can have this on the platform.
Edit Min term is 5yrs or 60 months, maturity is 9 years, where the 60 years comes from is anybodys guess.
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kaya
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Post by kaya on Aug 22, 2017 18:45:50 GMT
Different? More like bizarre, perhaps? Are Huddle offering us a slice of their investment in this company?
Whatever, would not touch this with an extra-long barge pole.
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hazellend
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Post by hazellend on Aug 22, 2017 22:00:57 GMT
Doesn't interest me.
Are Huddle planning on doing any asset backed loans?
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treeman
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Post by treeman on Aug 23, 2017 0:03:30 GMT
Hmmm .... think I'll be sitting on my hands too.
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SteveT
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Post by SteveT on Aug 23, 2017 6:10:42 GMT
Loan still at 0.0001% filled this morning (just £1). Could be the slowest-ever filling loan on any platform.
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hazellend
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Post by hazellend on Aug 23, 2017 17:33:11 GMT
Maybe I'm not sophisticated enough to see anything good about this loan.
I'm sure some big hitters will fill the 1 mill easily.
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treeman
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Post by treeman on Aug 23, 2017 18:03:34 GMT
I'm sure some big hitters will fill the 1 mill easily. I'm not so sure Decidedly lukewarm reaction so far. How many lenders are on Huddle? Does anyone know if the Huddle 100 actually filled up?
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Post by brummiefred on Aug 23, 2017 18:10:44 GMT
The details state annual payments (@6%) and number of payments stated as 60. Confirmed by bottom line, loan term in months 720.?
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Post by brummiefred on Aug 23, 2017 18:18:18 GMT
Then contradicted in the details, Minimum terminal 5yrs, maturity 2026.
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metoo
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Post by metoo on Aug 23, 2017 18:26:02 GMT
Perhaps this is intended for different clientele through another marketing channel that hasn't got going yet? Will be interesting to see if there is any uptake. Probably not an accident we didn't get an email about it (did anyone?). Should only be marketed to restricted investors. Huddle would be a way to offer those people who would usually be sold this type of bond to access a Secondary Market (liquidity could be a different matter) rather than being locked in for 5 years. Would provide Huddle with a way to sign up new lenders. Just a theory.
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kaya
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Post by kaya on Aug 24, 2017 10:49:13 GMT
The contradictory details are also bizarre for a platform that needs to create trust and attract new investors. That, and a complete lack of explanation as to what this deal really entails. Personally I cannot be bothered waiting around until 2077 for the loan to mature. At least the £1 is not feeling so lonely, now that another £15 has joined it.
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Post by nesako on Aug 24, 2017 14:03:33 GMT
This loan was just a mirage, since it has now vanished - unannounced, taking the £16 with it into the darkest corners of the Peru
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Nomad
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Post by Nomad on Aug 27, 2017 17:47:00 GMT
I'm sure some big hitters will fill the 1 mill easily. I'm not so sure Decidedly lukewarm reaction so far. How many lenders are on Huddle? Does anyone know if the Huddle 100 actually filled up? I signed up for the Huddle 100 but have yet to see a proposition which appeals to me at all...
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