ozboy
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Post by ozboy on Nov 7, 2023 14:40:34 GMT
Whilst Tommy, Katie, GB News, The Daily Mail, And Others are arguably odious, vile creatures, and arguably go about what they do the wrong way, I am pleased that neverthe less there are at least some who stand up for this great country and its proud history. There are obviously groups intent on asserting themselves more, challenging & changing our way of life; you can allow it to slowly and inevitably happen, insidiously, or you can stand up and assert yourself in response and say " Sorry Guv, this is Britain, we have a society wherein by living here you agree to do it our way and live by our rules."
Same issues are facing Oz, interesting times.
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ozboy
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Post by ozboy on Nov 1, 2023 22:25:40 GMT
It's definitely bad in the Mental Health arena - especially in London. We struggle daily trying to understand and also trying to get the contacts we speak to to understand when just trying to get updates on our son who is currently having a bad time - mentally. Sadly many many good people have left the MH area due to burnout and there is a huge struggle to get staff in that domain. Mind you the pay is not that great at the level of staff we speak to. There is a huge issue with the lack of staff in that they are so overloaded due to the lack of staff. "There is a huge issue with the lack of staff ......." I'm not surprised, if my experience still holds true. Back in January 1978, I remember applying for my first job in London at the old "Mental Hospital" in Friern Barnet, it's now been converted to luxury flats. The interview was going swimmingly, I was keen and ready to start, until they said something like " We have to inform you that you might get attacked and hurt on the job, and if so there's no insurance or compensation" or somesuch. Of course it freaked me a bit and I skiddaddled out of there pronto. If the same conditions of employment still apply today I'm gobsmacked that anyone would want to work in the "Mental Health" arena.
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ozboy
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Post by ozboy on Oct 21, 2023 12:54:58 GMT
administration was extended to 20.12. 24.plenty of time to extract more fees/costs for doing very little.the administrations of p2p platforms has certainly been an eye opener as to the real high risks you are taking when lending to p2p.Yep, and the relatively paltry returns are nowhere near worth these very high levels of numerous risks. Still, the FCA is doing a grand job of "keeping it clean" though eh?
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ozboy
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Post by ozboy on Oct 12, 2023 16:21:26 GMT
"how the hell can FS lose so much money with "secure" lending?"
Very easily.
If you're an idiot, a criminal, or both.
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ozboy
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Post by ozboy on Oct 5, 2023 14:48:37 GMT
Various media reports suggest Metro Bank wish to raise £600m (£250m in shares, £350m as debt). Interesting to see if they can accomplish that given their market capitalization appears to be around £65m. Metro bank's whole history consists of stumbling from one crisis to another, invest at your peril. I could even bore you with my personal interactions which left me stupified. Terry Smith (Fundsmith) won't touch Banks, which is good enough for me. He says, and I paraphrase, that even the Banks don't understand how they make all their money.
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ozboy
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Post by ozboy on Oct 5, 2023 13:21:28 GMT
@mousey Was there any mention of contempt of court proceedings given that M**** blatantly lied in his most recent witness statement? I have no idea about "Law", but that is a good question I would think. Surely if a signed statement on a very serious matter is subsequently proven to be blatant and false then the whole case gets thrown out? How do you believe anything else presented as "fact"? Or, as you say, contempt of court or something thrown at them at least? Am I the only one that thinks "justice" in this country is a farce, and lurches all over the place.
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ozboy
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Post by ozboy on Oct 5, 2023 12:49:19 GMT
A fascinating insight! Thank you for sharing. You're right, it is worrying as a P2P lender if one is relying on such assets for collateral. I have learned my lesson from the catastrophe that was Ablrate. For those who don't know much about them, that platform encouraged us to lend to small and medium size businesses. Almost all my loans - and those of investors I am in contact with - are in default, not having paid either interest or capital for at least the whole of this year and in many cases much longer. While Ablrate are choosing to keep most matters hidden from us, of the loans we have some insight into it is obvious that the collateral is going to be worthless. These securities from these borrowers consist of shoes, gym equipment, cars etc. Nevermind selling them to eventually get 5% of what we were told they were worth, Ablrate is spectacularly incapable of getting a single item from a single borrower. I've lost a lot of money with Ablrate and also investing in other small businesses in the past. It is for this reason I would never lend to a SME ever again who provide collateral in the form of merchandise or Intellectual Property etc. I focus on lending to borrowers with independently-valued, readily-sellable properties here in the UK at a reasonable LTV. Even with having land and properties one has to be very careful and conduct considerable due diligence as the valuations are often farcical. Even at LTVs advertised at 70% by P2P platforms one can end up losing money as a lender. The properties sell at far below the value borrowers are told they are worth and then administrators, lawyers etc. eat up a huge amount of the realised funds. I know about inaccurate valuations from a property I myself sold. The lady valuing it didn't pay much attention to the defects in the building and how run down the vicinity was etc. and she therefore valued it at significantly higher than I thought it was worth - as born out by the fact that the buyer now can't sell it for anything like the price I sold it to him for. Was that a RICS " Professional!" Valuer then?
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ozboy
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Post by ozboy on Oct 4, 2023 16:31:46 GMT
I vaguely recall it will become available as a recording, but there's nowt about that when I just looked on the website.
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ozboy
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Post by ozboy on Oct 4, 2023 13:34:20 GMT
I best not post mine, I have been banned on here before............
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ozboy
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Post by ozboy on Oct 2, 2023 12:23:18 GMT
I've just received a payout which equates to 2.37% of my outstanding AA holdings. And 0.001% interest paid Not bad, if you had lent a Billion....
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ozboy
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Post by ozboy on Oct 1, 2023 16:27:59 GMT
"........identified as LGBT"I'll bet the UVWXYZ's are pi$$ed off at being left out, no doubt they'll be up in arms next.
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ozboy
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Post by ozboy on Oct 1, 2023 16:24:06 GMT
OK, thanks for that, I think all most of our politicians and their parties are carp but I do like to try and follow all their (and the press') ducking and diving .....................
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ozboy
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Post by ozboy on Oct 1, 2023 13:41:57 GMT
He'll have a wealth of life experience then to guide him, not to mention the usual balanced thinking and fair ideas espoused at Universities these days, which he has no doubt wholly embraced and totally believes in ...........
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ozboy
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Post by ozboy on Oct 1, 2023 13:31:59 GMT
Obviously if anybody else has questions I am happy to answer them either on this public forum or if you prefer by PM. Feel free to ask as many have done over the years. When this $hit$torm is finally over, and the FCA (in particular), Valuers and Platform Directors are nakedly revealed for what they are, and the whole criminal establishment coverup exposed, your Knighthood will be richly deserved duck.
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ozboy
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Post by ozboy on Oct 1, 2023 13:24:31 GMT
Can you clarify your point? I have just read the article and it seems perfectly reasonable to moi. Note I have said "reasonable" ..............
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