Comments on: NAMA’s valuation model

By: Irish Election » New NAMA regulations published

Irish Election » New NAMA regulations published — Fri, 05 Mar 2010 15:13:47 +0000

[...] we had noted before that the previous regulations had set a highly favourable discount rate for the treatment of future cash flows from bank assets. This has been modified. The new [...]

By: Irish Election | credit crunch smile.com

Irish Election | credit crunch smile.com — Tue, 22 Dec 2009 22:00:19 +0000

[...] Read this article: Irish Election [...]

By: OisinOR

OisinOR — Tue, 22 Dec 2009 21:18:11 +0000

P O’Neill, I’m sure the document is full of archaic terminology, the fact that its come from the Dept. of Finance on the 23rd is a testament to their attempt to bury the story even further, not to mention the barrier to decode what it actually says.

I expect nothing more from a Government who would only allow 120hours of debate on the NAMA legislation in Dáil Éireann.

By: P O'Neill

P O'Neill — Tue, 22 Dec 2009 21:03:15 +0000

Oisin, it doesn’t help that the document uses very confusing terminology. There is another place in the document where they appear to set the discount rate at 3% which would even crazier but on 2nd reading I decided that is a “haircut” they apply to whatever answer that LTEV comes up with to cover some of their own costs.

But to spring this on 23 December is amazing.

By: OisinOR

OisinOR — Tue, 22 Dec 2009 21:00:47 +0000

Your quick calculation gives a haircut of 40% on the value … somehow I don’t think its going to work out that well for us!