oik
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Post by oik on Sept 7, 2017 13:21:51 GMT
My apologies, yes I did get the sums wrong. Will lower the limits going forwards on these but because of the relative smaller sizes of these loans I suspect that it will be difficult to get the balance right (also taking into consideration the increasing number of lenders but also the high value of uninvested funds in the client account at the moment). Will try better. Regards, Ed. I think you got it about right. 12% on £150 for 3 months is £4.50. It doesn't seem too huge a sum to miss out on and I'm not sure the effort of clicking a mouse button is warranted by much less. They were small loans but still good number were able to participate. For those who weren't there'll be something else coming along. Can't please all the people all the time but sounds fine to me.
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oik
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Post by oik on Sept 7, 2017 13:00:31 GMT
What I am most interested in is how MoneyThing knows people who say they are out on here are in when the forum is, as they say, anonymous. The only way I could think would be if profiles had email addresses on them and they could cross-reference to their own accounts, but they don't... Any ideas? Would guess there are any number of ways, such as someone following up a post on the board with an email to MT, or the other way around. Nothing sinister. Does my 100 or so posts in 2 years get me a gold star?
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oik
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Post by oik on Aug 26, 2017 10:17:38 GMT
Yes, you are quite correct regarding the address being Fulham, but that is not the quite whole story either. Its actually part of the very desirable Imperial Wharf complex immediately the otherside of the railway tracks to the extremely desirable (and unaffordable for me ) Chelsea Harbour complex and many people regard both complexes as "Chelsea Harbour" or indeed both as "Imperial Wharf" given thats the name of the railway station serving both. So whilst strictly a Fulham address, few immediately associate it with Fulham. (BTW its the "London Borough of Hammersmith & Fulham" ) FWIW the current development phase of these two has switched back to the Chelase Harbour side of the railway, which means compared to the current new-build releases this property should seem good value. I wasn't giving an opinion on the value, just that the property is not in Chelsea as described. The borough border is not the railway line at that point but is Chelsea Creek some way to the north until it jigs towards the line on reaching the Kings Rd at the bridge. (So that Chelsea Harbour, built on the site of Fulham Power Station, isn't in Chelsea either, and never has been, except perhaps in the minds of estate agents, any more than Battersea was ever really "South Chelsea". Just shrewd marketing.) How "desirable" are the flats that have been built in that very densely populated development is a judgement I leave to others. There are I hope more desirable areas of both Fulham and Chelsea and most people who have lived there a good while certainly regard the development to be Fulham, as made clear by the post code. You are right that the borough is now called Hammersmith and Fulham since the name was changed from being just LB of Hammersmith in 1979. I was being lazy. (Prior to the formation of GLC, Fulham Borough and Hammersmith Borough were each completely separate.) I know the area fairly well having lived there for 25+ years.
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oik
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Post by oik on Aug 25, 2017 16:24:54 GMT
Collateral Rep BL00017 M**** H****, London, SW6 The VR says it is a ground floor flat with a balcony. That's unusual, is it correct? By definition, a ground floor flat won't have a balcony but it does seem to have a small enclosed balcony-sized terrace area underneath the first-floor balcony. But then it's not in Chelsea either, it's London SW6 which is Fulham in the London Borough of Hammersmith. Chelsea is SW3 in the Royal Borough of Kensington and Chelsea.
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oik
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Post by oik on Aug 25, 2017 14:12:40 GMT
The SM is almost dead. It might be a bit more active if we could see some updated photos I doubt there's much to see. Would agree though that the original pics don't do it any favours. Four blurry images of flattened fences, piles of rubbish, and wonky houses apparently sliding down the hill, isn't the finest example of the art of marketing. Until something of a dent is made in the great lump of Darwen on the SM, then there's unlikely to be much enthusiasm for Burnley or any other loans by the same borrower.
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oik
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Post by oik on Aug 19, 2017 12:07:42 GMT
has a logo amateurishly designed in PowerPoint Perhaps Ratesetter could ask them to do a logo for them, maybe with less purple?
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oik
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Post by oik on Aug 18, 2017 12:33:29 GMT
Any advance on 15%? 16%, 16% do I hear 16%? Sold to the man gesticulating on my right. Your name Sir? Mr 12%. iirc around £3m has been raised so far with another £3m to come, about halfway. So I wouldn't bet against it needing yet more encouragement. The 15% is certainly working at the moment, flying off the shelf, but then so did 12 and 14% once. A less expensive way to sustain the enthusiasm would be having boots on the ground giving regular useful reports and taking decent pics: showing that having had half the money it was half built, rather than showing a bit of fencing and some scaffolding.
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oik
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Post by oik on Aug 17, 2017 13:35:53 GMT
You've spotted that these 15% tranches effectively are 3rd charge loans, have you?! No scope for flipping them either on COL. I think I'll stick with my 12%, thanks. So for that extra risk those tranches will pay an extra £4.22 on £1k over the 14% version provided they run for the full 154 days. Doesn't seem a too exciting a reward for sitting right at the end of the queue.
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oik
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Post by oik on Aug 10, 2017 18:24:55 GMT
Not an opportunity to be missed then!
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oik
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Post by oik on Aug 10, 2017 18:19:46 GMT
/mod hat off You mean it might not work out as well as the wind farms and gold mining? For shame!! Gosh, could that really happen? Working out as well as the wind farms and gold mining might be bad enough.
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oik
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Post by oik on Aug 10, 2017 10:43:48 GMT
Unfortunately it's reputation that counts. Glasgow, London, and cities with world-famous universities such as Oxford, Cambridge and Edinburgh, places that young foreign students may have actually heard of, will all have an advantage; not towns with little-known renamed polytechnics however pleasant they might be. I'd wouldn't expect to see Paisley on the must-see bucket list of many young Chinese. There are also lots of language schools in towns like Torquay and Bournemouth which may not be on any bucket-list but have the commercial advantage of cheap out of season accommodation.
With neither advantage, Paisley doesn't seem a great place to start a new language school - and I'm sure the borrowers are astute enough to know that.
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oik
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Post by oik on Aug 9, 2017 15:46:10 GMT
Will be interesting to see if they really intend to operate a language school or whether it's merely a ploy to attract investors, possibly Chinese, into buying their "student accommodation". The more successful language schools I know of are in large cities, particularly those with universities, i.e. places that foreign students will have heard of and want to visit, and major seaside towns with lots of out of season accommodation to fill. Paisley seems an improbable candidate.
The final outcome will depend on how persuasive they are or how gullible the investors. If development finance isn't forthcoming, the security becomes a charming white-elephant with huge maintenance and running costs but without any obvious use.
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oik
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Post by oik on Aug 9, 2017 14:17:43 GMT
Any idea what's next in the pipeline? A mountain-climbing school in Norwich apparently.
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oik
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Post by oik on Aug 8, 2017 15:13:40 GMT
Likewise a token amount from me rather than 4 figures just so I get the info. I am from Ayrshire and the peer involved is well known locally for all the wrong reasons. Was just reading about his lordship on the Daily Record. History of bankrupcy, conviction for assault, and setting up a real estate business, no longer trading, with a boxing promoter under investigation for fraud they claim. Then said to be facing bancruptcy again (2013) over a £50k debt. What would the tabloids do for stories without the aristocracy. He's probably a lot of fun and I wish him well but won't be putting any money his way.
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oik
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Post by oik on Aug 7, 2017 17:57:51 GMT
Initially this just looked unfortunate. But with so many clues to indicate it was never something to be offered to retail investors it's beginning to look positively hilarious. A lot of people could end up poorer and wiser without the existance of this board.
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