8% fixed rate 3 years? Is this real?

Amogha

I see from Companies House that a company called Global Securities has charges over all the assets of London Capital & Finance Ltd and am left wondering whether these Charges would take precedence over the security provided by other means legal protection for investors in the event that LC&F folded. Does anybody know?

bigadaj

Amogha wrote: »

I see from Companies House that a company called Global Securities has charges over all the assets of London Capital & Finance Ltd and am left wondering whether these Charges would take precedence over the security provided by other means legal protection for investors in the event that LC&F folded. Does anybody know?

Depends on the agreements and contracts in both cases. It would be likely that this other company would have precedence and leave those lending the company money out of pocket, with potential for 100% capital loss.

elephantrosie

Pincher wrote: »

If you want 8% return, check out Shell.


At the new low of £14.69 a share, IF they pay dividend at 114.16p a share, like last year, it's


7.77% = 114.16 / 1469.


Which is more likely to fold on you? LCF or RDSB?

i think the share price you quoted is incorrect

bigadaj

elephantrosie wrote: »

i think the share price you quoted is incorrect

Not when it was posted 18 months ago.

Pincher could have made a bomb on this, at the recent lows it's then bounced back nearly 50%.

soulsaver

Still, enjoying the anti RDSB comments..:)

bowlhead99

bail-in wrote: »

Although a year old the above post query is currently still relevant to the LC&F threads and I would like to reply to it in this older thread.

The person asking the question signed up to make one unanswered post and their last ever recorded activity on the site was two minutes after making it; they have not logged back in to reiterate or rephrase the question, and that was over a year ago. Perhaps they discovered the large number of other threads posted in recent years which make reference to LC&F and it's ostensible 'security', so they no longer needed the reply.

It's not particularly clear why you needed to give them a belated 1200 word response which recycles the information you've posted on the other more current thread(s). If you have things that need to be said, why don't you yourself post them there rather than awaken the dead? I speculate it's because if you did post them there we would say it was needlessly duplicative; and it wouldn't fulfill your goal of creating as large a spider-web of zombie threads as possible which link to your own content?

I notice Amogha's post was on 2 July 2017, and first thing in the morning on 3 July 2017 you were going round opening up six-months' old dead LC&F threads such as: (https://forums.moneysavingexpert.com/discussion/5576202/looking-to-invest-in-london-capital-finance) to promote and invite people to come and read your expert two-part 'review'...

How did you miss the opportunity for more of that self promotion in this thread at the time, which had just leapt from being 18-months dead to being then-current as a result of Amogha reopening it? Maybe Amogha and others like them are just secondary registered accounts of yours, used on a throwaway basis to drive interest in your pet topic so you can ride in like a white knight and point to your review, blog, or a few thousand more words of prose...

Still, if you miss the opportunity to 'help' them at the time, you probably don't need to go back and help them now - either they are genuine posters who have long since disappeared, or they are just your shill anyway. Can't we just let sleeping threads lie?

Yes I do realise the irony of adding five paragraphs of my own (plus this one) onto a dead thread, just to call you out - but I expect others may enjoy the distraction from some of the more mundane other topics currently circulating

Prism

dunstonh wrote: »

as in bail-in. (not me!!!)

I see the epic repeated post has been removed making it look I was the one that resurrected it. I WASNT.

All this time you go under the guise of a helpful IFA when really you are a LCF shill - shocked I tell ye!

OldMusicGuy

dunstonh wrote: »

I see the epic repeated post has been removed making it look I was the one that resurrected it. I WASNT.

No point in issuing Trump-like denials now. This thread has been bumped and the finger is left pointing at you......:rotfl:

dunstonh

masonic wrote: »

Hopefully others will follow suit and make their own posts disappear.

I will. Stop quoting me

Damn again!

No point in issuing Trump-like denials now. This thread has been bumped and the finger is left pointing at you......

Fake news.