izigor
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Post by izigor on Mar 15, 2019 11:36:35 GMT
Even if what you say was true (which it isn't), then a civilised man would not have responded to 'banging on the door' by a continued behaviour of organised harrassment and intimidation. He would have taken the matter to law. The reason Tommy acts the way he does is because he is a thug (just like most of his 'followers') and I think you probably already know that. It's perfectly true, I would not have said it if it were not. Mike Stuchbery used a violent drug addict to doorstep Robinson(except Robinson wasn't there and he knew it) advertised the event in advance on FB and livestreamed it. Six left wing activists and a journalist turned up at the door of the home of his ex wife and children, terrorizing them. I'm looking at Stuchbery's FB page now reading...." Just had word that Tommy Robinson is about to be served papers for libel at his place in the very near future -with a livestream! Watch the resisting hate facebook page".
And that is how Robinsons ex wife and children found themselves faced with a small mob of left wing activists, one pit-bull type dog and a journalist, kids terrified, somebody live streaming and these are people that have faced death threats.
Now Stuchley is playing the victim because Robinson went to speak to him face to face. Why didn't Robinson go to the police? Is this the same police he is dragging through the courts this very week for abusing him and his children? Why are the main stream media not reporting on that? Same reason they are not giving the reasons for Robinson banging on Stuchley's door, does not fit their narrative. Feel free to contact me if you wish to have evidence, this not being the place. Interesting, I've just looked more into this and that narrative above seems to be predominantly spread in the far-right domain and anti-semite and islamophobic web-sites. Even in a few of them, the stories seem to differ from the other. In the more 'independent' sites (even dailymail), it appears 'Tommy Robinson' is clearly at fault. I'm neither on the far-right nor on the far-left. I'm not even on the right or the left as I don't feel the need to belong to a particular 'label' to see who's in the wrong and who's in the right or to differentiate from fake news and educated reality. However Tommy Robinson is clearly a 'thug', 'narrow-minded', racist, islamophophic and anti-semitic, xenophobic person. This is sad, because he clearly knows how to wield influence. Imagine he pursued more interesting, jovial and social causes, rather than spreading hate. How many people would he have led towards humanity... or would they then not have bothered about him? We should stop feeding hate, otherwise, we too are going to start giving birth to future terrorists (if they are not already being bred). With respect to readers here, this will be my last post on the matter as it is clearly going .. I mean gone off topic.
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izigor
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Post by izigor on Mar 14, 2019 20:21:57 GMT
I'm guessing when you say 'go after them directly', you mean via a strictly 'legal' route as opposed to 'thug'ish harassment' a la Tommy Robinson style. It would be interesting to have an idea on what you are suggesting can be done here. At first glance, I find this more interesting than efforts by others who are going for Lendy's jugular, which I find counter-productive at this moment in time. If somebody turned up mob handed at the home of my ex wife and children, scared the hell out of them and put their very lives at risk, I too would have been banging on the ring leaders door in the early hours. But the press never mentioned that, did they? Instead, Stuchbery played the innocent victim and the UK press played along so they can show Robinson to be the thug and The Guardian readers swallow the narrative hook line and sinker. More on topic, yes the platforms should be doing all they can to get our money back but the funny thing about people not paying their debts is they tend to make very sure there's nothing anyone can do to make them pay up, not even 5am door stepping is likely to help much. Even if what you say was true (which it isn't), then a civilised man would not have responded to 'banging on the door' by a continued behaviour of organised harrassment and intimidation. He would have taken the matter to law. The reason Tommy acts the way he does is because he is a thug (just like most of his 'followers') and I think you probably already know that.
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izigor
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Post by izigor on Mar 14, 2019 8:28:03 GMT
I'm guessing when you say 'go after them directly', you mean via a strictly 'legal' route as opposed to 'thug'ish harassment' a la Tommy Robinson style. It would be interesting to have an idea on what you are suggesting can be done here. At first glance, I find this more interesting than efforts by others who are going for Lendy's jugular, which I find counter-productive at this moment in time.
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izigor
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Post by izigor on Mar 14, 2019 8:21:00 GMT
May's deal .. nearly out of the picture No deal ... nearly out of the picture This leaves a closer deal with EU or staying with EU. Surely this is a positive where valuations are concerned .. and probably the property market in general (?)
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izigor
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Post by izigor on Feb 25, 2019 5:03:26 GMT
Some positives 4. Still not taking on new loans in self-select (I see that as positive because they can focus on recoveries mainly rather than all the sales activity) Is that a positive or is that a sign that Lendy are winding down their business? Yes I believe they are winding down the 'self-select' offering, I think that has been obvious. But, yes, i believe it is positive for recouping capital. May be they are trying to reset, or change their business model altogether, i don't know.
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izigor
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Post by izigor on Feb 22, 2019 19:25:26 GMT
Some positives
1. PBL repayment today 2. About £3M capital repaid in February so far 3. Only about £75k in secondary market as we speak. 4. Still not taking on new loans in self-select (I see that as positive because they can focus on recoveries mainly rather than all the sales activity)
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izigor
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Post by izigor on Feb 13, 2019 3:15:40 GMT
If they don't care anymore (and it may just be me, but) that's a concern. TBH (call me an old fool) i really do think lendy care... well, i hope they do, cos ive got a hell of a lot of money still invested there and i now want to see their recovery team make some positive progress, my suggestion would be **... lower the LTV TO 55% based on the assumption that the rics wallys are always 15% out... or... employ 3 rics valuers for every loan, and make the LTV offer 10% lower than the lowest rics valuation.... its quite obvious to anyone with a brain cell... the rics valuers are not fit for purpose. and its also quite obvious that lendys recovery's (not all, but most) are never going to meet the original valuations.. @lendy time to act? edit .. savingstream ? @lendy ? Paul64 ? theirs that many iv'e now lost my way... edit at the ** "IN...THE ....FUTURE" Last activity for savingstream was in July 2017 and for Paul64 was in July 2018. It's probably safe to assume they don't engage or probably even read here anymore?
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izigor
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Post by izigor on Feb 7, 2019 2:32:08 GMT
How come there's been no activity on this thread since last year... are we the most chilled out, laid back investors in Lendy or what?
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izigor
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Post by izigor on Feb 7, 2019 2:26:52 GMT
As I understand it, Lendy has sourced funding to build out DFL006. In order to take control of this, the borrower company has agreed to go into administration following discussions with Lendy. The plan now is to move the debt into a new SPV and I think the new funding provider could then be making a 'meaningful' offer to us investors.
Does that sound about right?
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izigor
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Post by izigor on Feb 5, 2019 17:26:26 GMT
Taking stock of the situation, I would say the steak is too high for such unnecessary amoosements. I'm not calling anyone a cow'ard and don't have any beef with anyone but you are butchering every joke while grazing on aging puns. So for this reason, everything went in one ear and out of the udder. I could carry on with a herd of insults but I know your skin's as thick as leather..
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izigor
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Post by izigor on Feb 5, 2019 17:12:46 GMT
Interesting. I’m not going to name any names but there are people here who have registered their interest yet are voicing their disapproval. Looks like it’s every man for himself. The questions I asked myself were- What progress has been made in the last 600 days? Based on this, what progress can be forecast in the next 600 days without turning up the heat? Hi Jeepers, I have significant investment in DFL001 & DFL002 and I appreciate your effort on this matter. I also have significant investment in other non-performing loans and for this reason, I can also fully appreciate as well as concur with Mrclondon's post. You have asked what progress has been made in the last two years. The answer to that is indeed frustrating. However, right now, Lendy is showing some resilience and more importantly they seem to be making a lot of effort in trying to turn things around. THIS is what we wanted and there's finally a glimpse of it happening. So tripping them up at this point in time would be counter productive in my opinion. I don't believe it's 'every man for himself' we are all lenders and would happily help each other (when the timing is right).. but the different man/woman here have different concerns. Some would be in the above four loans only and would be prepared to sink the ship and get on the rescue boat, others have children in the hull and sinking the ship is not an option, some believe in the ship (not every ship is the titanic) .. and would like to continue sailing in it after the storm ... Timing is everything, after their first burst of energy, they are likely to become complacent at some point, so if progress stalls, I suggest we 'turn up the heat' once this happens..
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izigor
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Post by izigor on Feb 4, 2019 1:31:07 GMT
What I find most encouraging in the last update is that it doesn't look like a company aiming to go into administration anytime soon.
My opinion into their business model is that they are looking to make a profitable business at their wealth offering. They can probably do that if they maintain the reputation of not losing investor's capital. Perhaps this explains why they aren't taking on new loans in their self-select offerring and making a concerted effort into clearing/cleaning out the current mess first. [May be they will remove the self-select offering completely in the future?]
As to the fate of defaulted loans, I have a better feeling after the latest update. So what if I'm being naive ... I am happy to be feeling happy for the remaining days until the end of March (£'s doomsday).
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izigor
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Post by izigor on Jan 30, 2019 9:53:49 GMT
Updates on all the student accomodation loans now posted on platform - not sure what transferring debt to SPV means for our funds - anyone understand this? Cheers P A special purpose vehicle (SPV) is a subsidiary company with an asset/liability structure and legal status that makes its obligations secure, even if the parent company goes bankrupt.
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izigor
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Post by izigor on Jan 14, 2019 16:42:41 GMT
TOTAL amount of loans on Secondary Market, checked around 16:40 today: £91,650
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izigor
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Post by izigor on Jan 14, 2019 16:36:32 GMT
For example, the amount of loans in the Secondary Market has dried up. I do realise that Lendy hasn't been taking on a lot of new loans but at the same time, a lot of us have claimed we have been taking money out of Lendy. So being able to achieve that is a 'plus', I believe, because this returns liquidity in the Secondary Market to some extent.
The five things that I fancied from Lendy, in order of priority, were:
1. Never lose capital / Good Realistic Valuation / Good Recovery Process 2. Very High Liquidity in Secondary Market (sells quickly) 3. Communication Communication Communication 4. No loans less than 12% (bad precedent for negotiations) 5. Availability of loans in Primary and Secondary Market.
I believe that there are efforts being put in by Lendy in a few of these, don't you think?
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