ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,900
Likes: 11,124
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Post by ilmoro on Mar 28, 2023 12:25:26 GMT
Further two loans redeemed today/yesterday, including one full recovery of a default (helps the PF though very minor AA exposure) and one of a not fully drawn DL (double bubble as cuts funding requirements as well as free cash)
AA free cash is c£10.5m, funding requirements c£9.2m so getting to the point where there is a decent buffer and surely cash released to AA lenders. If AC have any nous they will release some before ISA deadline
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Post by bob2010 on Apr 3, 2023 13:17:42 GMT
It's a pleasant surprise to see that they've paid 3.9% pa Interest for March. However, it would still be nice to see their calculations.
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andy5
Posts: 40
Likes: 13
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Post by andy5 on Apr 4, 2023 10:19:06 GMT
It's a pleasant surprise to see that they've paid 3.9% pa Interest for March. However, it would still be nice to see their calculations. It's useful or interesting, but is there any sign they'll actually pay out some part of the capital, or can things just drag into them using it as ongoing cheap borrowing for them and other projects?
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Post by bob2010 on Apr 4, 2023 13:06:54 GMT
It's a pleasant surprise to see that they've paid 3.9% pa Interest for March. However, it would still be nice to see their calculations. It's useful or interesting, but is there any sign they'll actually pay out some part of the capital, or can things just drag into them using it as ongoing cheap borrowing for them and other projects? I don't see how they can, as any repaid capital would fall under the client money rules
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,900
Likes: 11,124
|
Post by ilmoro on Apr 4, 2023 13:25:58 GMT
Today should be something of a tipping point IMHO. There has been a £1.5m redemption #1570 (18m early) into the AA cash pot taking it to £13m (if my maths is right) with £9m of loan commitments outstanding. A 40%+ buffer seems more than enough contingency so I see absolutely no reason why the AA shouldnt start making capital payouts
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