agent69
Member of DD Central
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Post by agent69 on Aug 25, 2015 17:04:52 GMT
Q &A for loan 45
Question - Is there anything Assetz can do to increase the liquidity in this loan please?
There is not a great amount for sale given it's total size - can you not convince some of the
original underwriters to take a position allowing those who wish to sell to get out?
Answer - No
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Post by Butch Cassidy on Aug 25, 2015 17:18:26 GMT
They killed the liquidity when they overstated the buffer then suspended it for weeks before acknowledging it should be tradable after all, who was ever going to be left to buy it after that performance?? Personally I am happy with my significant position, obviously a new tenant would help but I don't expect any (more) nasty surprises. Making it eligible for the GBBA would solve the problem but I believe they also ruled that out, so just sit tight is pretty much your only option.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Aug 25, 2015 17:19:31 GMT
Q &A for loan 45 Question - Is there anything Assetz can do to increase the liquidity in this loan please?
There is not a great amount for sale given it's total size - can you not convince some of the
original underwriters to take a position allowing those who wish to sell to get out?
Answer - No
I agree, but AC could have said "liquidity should increase when the discounting process returns". Of course, that was planned months ago and still waiting. 
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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
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Post by ilmoro on Aug 25, 2015 17:32:11 GMT
They killed the liquidity when they overstated the buffer then suspended it for weeks before acknowledging it should be tradable after all, who was ever going to be left to buy it after that performance?? Personally I am happy with my significant position, obviously a new tenant would help but I don't expect any (more) nasty surprises. Making it eligible for the GBBA would solve the problem but I believe they also ruled that out, so just sit tight is pretty much your only option. Quite interesting looking at how the tradeable distressed loans have fared. The two with buffer issues have considerable availibility, the one with no security at all effectively (ET) hasnt, Aber was always unlikely to be an issue, too early to tell on the big whirlygig as only just unleashed. Not expecting much movement from CC tomorrow, EBL doesnt really count. Ouside of GBBA SM is pretty slow anyway, that said nothing much I havent got enough of anyway. Need some of the pipeline to stop going backwards.
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ianj
Member of DD Central
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Post by ianj on Aug 25, 2015 17:51:53 GMT
Q &A for loan 45 Question - Is there anything Assetz can do to increase the liquidity in this loan please?
There is not a great amount for sale given it's total size - can you not convince some of the
original underwriters to take a position allowing those who wish to sell to get out?
Answer - No
I agree, but AC could have said "liquidity should increase when the discounting process returns". Of course, that was planned months ago and still waiting. When I saw this Q/A this morning my view was it just typified the lack of thought given to how some of AC's answers will be perceived. Are they're cutting employment costs?  
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warn
Member of DD Central
Curmudgeon
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Post by warn on Aug 26, 2015 8:15:21 GMT
Q &A for loan 45 Question - Is there anything Assetz can do to increase the liquidity in this loan please?
There is not a great amount for sale given it's total size - can you not convince some of the
original underwriters to take a position allowing those who wish to sell to get out?
Answer - No
The answer was actually "No, this loan is tradeable in line with all other tradeable loans on the pla[t]form." Seems eminently reasonable to me.
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mikes1531
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Post by mikes1531 on Sept 10, 2015 15:19:53 GMT
I agree, but AC could have said "liquidity should increase when the discounting process returns". This loan is showing no parts available right now, presumably due to the trading suspension imposed because of the issues with the recent website changes. When those are sorted and trading resumes, it will be interesting to see what level of discounts lenders are willing to offer in order to offload their parts.
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