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Post			Author	Forum	Replies	Views	Posted [asc]
		Thread: Collateral in Administration Post: RE: Collateral in Administration ozboy Wrote: (22-10-2021, 10:34 AM) -- One BIG and VERY expensive problem is that the Insolvency Practices (I'm looking at YOU, BDO) taking over these Platforms in Administration have absolutely no i...	dualinvestor	Discussion (COL)	662	565,510	26-01-2022, 05:44 PM
		Thread: Working Capital Loan 2DFDC8CD7 Post: Working Capital Loan 2DFDC8CD7 I generally am a fan of Unbolted but this constant rolling over of a loan to the Mayfair watch dealer is beginning to wear a little thin, I sent them this enquiry. "You have a "new loan on offer", ...	dualinvestor	Loans (Unbolted)	1	65	27-07-2021, 12:35 PM
		Thread: Lendy mismanagement and a letter to the FCA Post: RE: Lendy mismanagement and a letter to the FCA @mousey2 host an excellent web site with all the skeleton arguments of the various parties in the Lendy directions case and some commentary Here (https://mouseinthecourtroom.wordpress.com/2021/06/2...	dualinvestor	Discussion (Lendy)	13	9,834	02-07-2021, 10:53 AM
		Thread: Ablrate shrugs off pandemic with rise in profit Post: RE: Ablrate shrugs off pandemic with rise in profi... It would seem a little disingenuous to state these results mark a sparkling bellweather of P2P success, especially in the Pandemic.  Although no doubt the directors have had some remuneration the "pro...	dualinvestor	Discussion (Ablrate)	5	2,837	30-03-2021, 04:56 PM
		Thread: Complaint to the FCA re MoneyThing. Post: RE: Complaint to the FCA re MoneyThing. I suppose it would depend on, most importantly, a) whether one lost money on the platform and b) that loss was occasioned by the fault or negligence of the platform, anyone involved in the management ...	dualinvestor	Discussion (MoneyThing)	9	4,210	03-03-2021, 06:27 PM
		Thread: proboards asking for financial support so p2pif might be in trouble? Post: RE: proboards asking for financial support so p2pi... As I understand it the amount they were seeking some tine ago was quite small, under £100 I think, unless this is a new fund raising exercise I imagine they have it by now.  If not it would be somewha...	dualinvestor	General Discussion	4	3,500	27-02-2021, 08:03 PM
		Thread: MoneyThing - In Administration Post: RE: MoneyThing - In Administration idontgivea Wrote: (23-02-2021, 10:39 AM) -- Hmmm Quote: -- On the basis that Lenders are not creditors of the Companies, they have no ability to approve or reject the Proposals, call a meeting of...	dualinvestor	Discussion (MoneyThing)	18	8,457	24-02-2021, 02:38 PM
		Thread: MoneyThing - In Administration Post: RE: MoneyThing - In Administration I was only speculating that MTSL was a security trustee and although dormant in legal terms the practical situation was radically different, hence the fees. As I said right at the beginning of the ...	dualinvestor	Discussion (MoneyThing)	18	8,457	18-02-2021, 11:18 PM
		Thread: MoneyThing - In Administration Post: RE: MoneyThing - In Administration idontgivea Wrote: (17-02-2021, 06:34 PM) -- dualinvestor Wrote: (17-02-2021, 06:25 PM) -- Therefore, in my opinion and without knowing the details, your characterisation of it being dormant is proba...	dualinvestor	Discussion (MoneyThing)	18	8,457	18-02-2021, 11:57 AM
		Thread: MoneyThing - In Administration Post: RE: MoneyThing - In Administration idontgivea Wrote: (17-02-2021, 05:42 AM) -- ozboy Wrote: (16-02-2021, 11:05 PM) -- I don't really understand figures, can someone just tell me/us how much we're going to be screwed for? Roughly. ...	dualinvestor	Discussion (MoneyThing)	18	8,457	17-02-2021, 06:25 PM
		Thread: BDO 6 Month statement overdue ! Post: RE: BDO 6 Month statement overdue ! rgog Wrote: (26-10-2020, 04:26 PM) -- Seven months on since my last post and it is still depressingly valid. There seems to be virtually no progress or if any glacially slow.  What little informatio...	dualinvestor	Discussion (COL)	24	36,275	28-10-2020, 05:23 PM
		Thread: The end of P2P?? Post: RE: The end of P2P?? Longey Wrote: (24-09-2020, 06:51 PM) -- P2P is not dying. What is happening can be simply called a cleaning up. All the fraudsters will be weeded out sooner rather than later. On the other hand, smal...	dualinvestor	General P2P Discussion	23	21,801	29-09-2020, 01:16 PM
		Thread: Lendy Legal Fund Post: RE: Lendy Legal Fund As I understand it the Administrators are about to request the court for directions on certain matters, primarily to do with the so called "waterfall," as such there is no timescale on it.  Once they ...	dualinvestor	Discussion (Lendy)	53	39,048	04-07-2020, 02:11 PM
		Thread: Investor exposure schedule Post: RE: Investor exposure schedule Money destined for a few loans, especially the latter days of Collateral's trading, was directed to other loans where the project was allegedly nearing completion (nb despite speculation on here and o...	dualinvestor	Discussion (COL)	13	20,338	21-06-2020, 11:30 AM
		Thread: The end of P2P?? Post: RE: The end of P2P?? Another nail in the coffin? Ratesetter enters stabilisation period (https://www.ratesetter.com/stabilisation-period)	dualinvestor	General P2P Discussion	23	21,801	04-05-2020, 08:22 AM
		Thread: Collateral in Administration Post: RE: Collateral in Administration Absolutely	dualinvestor	Discussion (COL)	662	565,510	23-04-2020, 11:06 AM
		Thread: Collateral in Administration Post: RE: Collateral in Administration The Joint Liquidators provided a update to the Creditor's committee by email last night, it extended to 11 pages and goes into detail on asset realisations, investigations and possible distributions t...	dualinvestor	Discussion (COL)	662	565,510	23-04-2020, 08:56 AM
		Thread: The end of P2P?? Post: RE: The end of P2P?? ozboy Wrote: (11-04-2020, 08:30 PM) -- P2P could be SO good. The REAL problem is the FCA's gross incompetence, coupled with their determination to not get further involved in stopping the rampant ...	dualinvestor	General P2P Discussion	23	21,801	19-04-2020, 09:54 AM
		Thread: Introduction of lender membership fees Post: RE: Introduction of lender membership fees Although they claim it as small is it not a large proportion of the expected return on some of their accounts?	dualinvestor	Discussion (Assetz Capital)	5	4,758	01-04-2020, 09:40 AM
		Thread: Lots of offers on the secondary market Post: RE: Lots of offers on the secondary market rgog Wrote: (19-03-2020, 01:36 PM) -- ...might be something going on involving bog rolls..... -- If they are being offerred on the secondary market (used) things have sunk to a new low	dualinvestor	Landlord Invest	4	4,166	19-03-2020, 05:36 PM
		Thread: Lendy Legal Fund Post: RE: Lendy Legal Fund The legal fund, as I understand it, is to challenge matters in the Administration not to bring Brooke or Gordon to court, although it might be a step upon that road if successful, in fact without the ...	dualinvestor	Discussion (Lendy)	53	39,048	27-02-2020, 10:38 AM
		Thread: Overdue Loans Post: RE: Overdue Loans Same for me, no appreciable increase in bad debts (apart from sh*t for brains as @"Skint4achange"  aptly names him).  Pawnbroking has historically had a poor repayment record hence the need for good v...	dualinvestor	Loans (Unbolted)	10	196	25-02-2020, 09:38 AM
		Thread: Lendy Legal Fund Post: RE: Lendy Legal Fund I am reminded of thhe prospectus of the South Sea Bubble Company which had words to the effect. "The purposes for which the money is to be used are so secret it would be detrimental to investors to...	dualinvestor	Discussion (Lendy)	53	39,048	17-02-2020, 12:29 PM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration paul123 Wrote: (28-01-2020, 11:46 AM) -- RSM have said that there will be a distribution to creditors at the end of the liquidation. Currently they regard each lender to be a creditor to the tune of ...	dualinvestor	Discussion (Lendy)	313	257,819	28-01-2020, 01:59 PM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration dualinvestor Wrote: (29-12-2019, 05:20 PM) -- 11025 Wrote: (28-12-2019, 11:16 AM) -- I saw this recent article :   LENDY ADMINISTRATOR TIME COSTS HIT £1.7M DUE TO COMPLEXITY (https://www.p2pfina...	dualinvestor	Discussion (Lendy)	313	257,819	30-12-2019, 02:36 PM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration 11025 Wrote: (28-12-2019, 11:16 AM) -- I saw this recent article :   LENDY ADMINISTRATOR TIME COSTS HIT £1.7M DUE TO COMPLEXITY (https://www.p2pfinancenews.co.uk/2019/12/23/lendy-administrator-co...	dualinvestor	Discussion (Lendy)	313	257,819	29-12-2019, 05:20 PM
		Thread: Transparency or suicide?? Post: RE: Transparency or suicide?? Skint4achange Wrote: (09-12-2019, 06:44 PM) -- I like UB and how the platform operates but I have to question the wisdom of their latest move. Not sure how many people looking at the loan particul...	dualinvestor	Discussion (Unbolted)	4	4,378	10-12-2019, 10:29 AM
		Thread: Lendingworks - Shield Coverage Ratio stats Post: RE: Lendingworks - Shield Coverage Ratio stats Jack Wrote: (29-11-2019, 01:56 AM) -- They've finally admitted that the PF was about to run out of cash. They've cut rates so that the reduction, along with some of their own cut, can be used to repl...	dualinvestor	Other	28	25,789	29-11-2019, 05:47 PM
		Thread: BDO 6 Month statement overdue ! Post: RE: BDO 6 Month statement overdue ! garycook Wrote: (28-11-2019, 03:13 AM) -- idga, So the next report is due around 10/05/2020 correct ? The last report I received was 27/11/2018. -- I  believe the last report of the Administrators ...	dualinvestor	Discussion (COL)	24	36,275	28-11-2019, 06:26 PM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration System47 Wrote: (09-11-2019, 12:55 PM) -- RSM are incompetent.  Still no sign of funds. Withdrawal request made on the 30th, email states that all withdrawals on the 30th are complete, so I don't ...	dualinvestor	Discussion (Lendy)	313	257,819	10-11-2019, 10:46 AM
		Thread: Welcome, please give us a try... Post: RE: Welcome, please give us a try... thegrumbler Wrote: (06-11-2019, 06:59 PM) -- I find such numbers unacceptable whatever your current return. Just as an example, Lendy returns were excellent until they started counting the defaults a...	dualinvestor	Rebuildingsociety.com	8	7,906	07-11-2019, 08:43 AM
		Thread: Platform Back-up Service Providers Post: RE: Platform Back-up Service Providers idontgivea Wrote: (01-11-2019, 11:35 AM) -- why are they imposed and why is prefunding not required? -- Prefunding is only part of the issue.  If the assets remain in the company (whether cash for ...	dualinvestor	General P2P Discussion	51	72,664	01-11-2019, 12:35 PM
		Thread: Platform Back-up Service Providers Post: RE: Platform Back-up Service Providers idontgivea Wrote: (01-11-2019, 10:51 AM) -- Could the FCA say 'no use your (approved) run down procedures'. (investors could/should be aware of these so the FCA could be said to be 'protecting' inves...	dualinvestor	General P2P Discussion	51	72,664	01-11-2019, 11:04 AM
		Thread: Platform Back-up Service Providers Post: RE: Platform Back-up Service Providers Very informative but nothing in there states that "insolvency trumps everything." There are ways to ring fence run off plans, e.g. by forming new companies and the platforms funding them from their...	dualinvestor	General P2P Discussion	51	72,664	01-11-2019, 09:56 AM
		Thread: Platform Back-up Service Providers Post: RE: Platform Back-up Service Providers CoolingDude Wrote: (31-10-2019, 11:52 PM) -- so long as a selling point for P2P without somebody such as the FCA saying "this is not true - insolvency trumps everything"* -- I have said insolvency ...	dualinvestor	General P2P Discussion	51	72,664	01-11-2019, 07:43 AM
		Thread: Platform Back-up Service Providers Post: RE: Platform Back-up Service Providers Funding Secure Well another platform failure and no back up plan utilised. On the basis of empirical evidence does anyone seriously have faith in the system of run off any longer?	dualinvestor	General P2P Discussion	51	72,664	31-10-2019, 09:10 PM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration DrGonzo Wrote: (28-10-2019, 07:44 PM) -- DFL012 initial payment is in... 45.5% -- Any reason for the discrepancy of about one  third from the net recovery?	dualinvestor	Discussion (Lendy)	313	257,819	28-10-2019, 11:17 PM
		Thread: Did I get my timing right?? Post: RE: Did I get my timing right?? Skint4achange Wrote: (19-10-2019, 11:02 AM) -- ...... A murky old world this P2P if you ask me!!  :ninja: :pirate: -- Problem with P2P is, like many things, the principle is good, the practise i...	dualinvestor	Discussion (Ratesetter)	3	4,643	19-10-2019, 05:51 PM
		Thread: Did I get my timing right?? Post: RE: Did I get my timing right?? Skint4achange Wrote: (15-10-2019, 07:22 PM) -- ........ I enjoyed RS for the diversity and te thrill of trying to "Outsmart" the system and get a good rate (Even if it was repaid early in most cas...	dualinvestor	Discussion (Ratesetter)	3	4,643	16-10-2019, 07:06 AM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration So have the Administrators started allowing the withdrawal of funds, or updated when they will be available?	dualinvestor	Discussion (Lendy)	313	257,819	03-10-2019, 09:05 AM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration fp Wrote: (07-08-2019, 10:55 AM) -- idontgivea Wrote: (07-08-2019, 08:55 AM) -- £605,000 in 2017 -- It will be hard for LB to justify such high dividends based on such low profit in comparison i w...	dualinvestor	Discussion (Lendy)	313	257,819	07-08-2019, 12:42 PM
		Thread: 12% for big hitters?? Post: RE: 12% for big hitters?? Skint4achange Wrote: (01-08-2019, 06:04 PM) -- The latest move gives people investing more than £20k in a working capital loan repayments of 12% PA.  While I am sure most people will welcome the incr...	dualinvestor	Discussion (Unbolted)	4	4,886	01-08-2019, 08:11 PM
		Thread: The real possibility of 100% loss on secured loans Post: RE: The real possibility of 100% loss on secured l... bababill Wrote: (01-08-2019, 12:20 AM) -- By this same token retail investors/borrowers should not be allowed to take out most property loans. -- That is a specious argument to conflate two differe...	dualinvestor	Unrecovered Capital Tracker	4	201	01-08-2019, 03:14 AM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration idontgivea Wrote: (27-07-2019, 06:10 PM) -- What is the position of Administrators/Liquidators if they are mid way through their work and they realise that what they are going to get in is lower than...	dualinvestor	Discussion (Lendy)	313	257,819	27-07-2019, 07:58 PM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration Skint4achange Wrote: (27-07-2019, 10:25 AM) -- Fees of roughly £1M over a loan book of £160M is not a bad cut, if they were to recover circa 60% -- So far RSM have clocked up just under half of that...	dualinvestor	Discussion (Lendy)	313	257,819	27-07-2019, 11:41 AM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration Skint4achange Wrote: (26-07-2019, 06:10 PM) -- I do not anticipate any funds coming out of Lendy this year let alone in October, if ever. -- You are probably right about the timing but, I think, un...	dualinvestor	Discussion (Lendy)	313	257,819	27-07-2019, 08:33 AM
		Thread: Lendy Ltd - In Administration Post: RE: Lendy Ltd - In Administration Monetus Wrote: (24-07-2019, 09:29 PM) -- It would be interesting to see the reaction of the wider public in a major stock market downturn considering investors have enjoyed 10%+ returns there for the...	dualinvestor	Discussion (Lendy)	313	257,819	25-07-2019, 08:22 AM
		Thread: Borrower taking legal action against UB Post: RE: Borrower taking legal action against UB fp Wrote: (24-07-2019, 10:22 AM) -- Please take care in what you say in relation to the latest communication, "walls have ears" as they say! -- True but it is so unlikely as to be impossible that t...	dualinvestor	Loans (Unbolted)	125	7,351	24-07-2019, 11:15 AM
		Thread: The real possibility of 100% loss on secured loans Post: The real possibility of 100% loss on secured loans locutus Wrote: (19-07-2019, 10:35 PM) -- What was the security for the loans? 100% loss on secured lending must mean something has gone seriously wrong and lenders were misled. -- It is entirely pos...	dualinvestor	Unrecovered Capital Tracker	4	201	20-07-2019, 10:56 AM
		Thread: The direction of Kuflink? Post: The direction of Kuflink? Original loans on Kuflink were straight short term residential loans with a 60-70% ish loan to value.  Of the eight loans available in self select as I type there are NONE of this type.  All are eithe...	dualinvestor	Discussion (Kuflink)	6	6,717	19-07-2019, 07:47 AM

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