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#441
Oct 15, 2017 19:40:38 GMT
jjc likes this
Post by chielamangus on Oct 15, 2017 19:40:38 GMT
This loan has shot to the top of the list for SM availability - £2.9m. - presumably because its been delisted from the GBBA. So what is making AC so coy about this one? Is it the recent monitoring report that points out some planning conditions have not yet been complied with? Or is it a wider concern with that monitoring report which seems to have been written by someone who cannot speak English? I really think that report should have been thrown back at the "monitor" and told to get it right before (s)he submits her/his invoice.
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jonah
Member of DD Central
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#441
Oct 15, 2017 20:21:10 GMT
Post by jonah on Oct 15, 2017 20:21:10 GMT
I don’t know why the GBBA is dropping it, but it does show how much the GBBA is key to parts of the AC service... assuming all on offer is GBBA, it’s 2.89m out of 3.3m total. The mlia is over covering c400k or 14% ish.
Im ignoring the PSIA, which could be on either side of that equation!
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mikes1531
Member of DD Central
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#441
Oct 15, 2017 20:23:23 GMT
Post by mikes1531 on Oct 15, 2017 20:23:23 GMT
How much of this loan had been available on the SM before this huge increase? IIRC it was less than £0.9M because that's how much the loan with the most parts available had on the SM.
If at least £2M has been dumped on the SM, and it all came from the GBBA, then the GBBA was holding at least 59% of this loan, and that seems excessive considering that this loan went live over six months ago. Having £2M of the GBBA's parts in one loan seems like a lot, but I don't have any idea of the size of the total GBBA. Have AC ever indicated what the total holdings of the GBBA are, even in very rough terms?
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agent69
Member of DD Central
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#441
Oct 15, 2017 20:57:06 GMT
Post by agent69 on Oct 15, 2017 20:57:06 GMT
Is it the recent monitoring report that points out some planning conditions have not yet been complied with? It does appear strange that so much has appeared on the SM, without a peep from AC regarding what might have caused the flood. Can't see planning issues that were noted 2 weeks ago and which relate to landscaping and bicycle sheds should have caused this.
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Post by chielamangus on Oct 15, 2017 21:15:43 GMT
Check out the latest question in the Q&A for this loan.
"May we minority investors from the MLIA know the reason AC has decided to sell its 87 per cent holding in this loan? it does rather upset the market balance."
Asked by Cupcake
15th Oct 2017 at 20:46
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#441
Oct 15, 2017 21:52:54 GMT
Post by jevans4949 on Oct 15, 2017 21:52:54 GMT
Check out the latest question in the Q&A for this loan. "May we minority investors from the MLIA know the reason AC has decided to sell its 87 per cent holding in this loan? it does rather upset the market balance." Asked by Cupcake 15th Oct 2017 at 20:46 That one's gonna get deleted.
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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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Likes: 11,549
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#441
Oct 15, 2017 22:26:01 GMT
Post by ilmoro on Oct 15, 2017 22:26:01 GMT
Check out the latest question in the Q&A for this loan. "May we minority investors from the MLIA know the reason AC has decided to sell its 87 per cent holding in this loan? it does rather upset the market balance." Asked by Cupcake 15th Oct 2017 at 20:46 That one's gonna get deleted. Someone's working weekends. Gone already
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jjc
Member of DD Central
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#441
Oct 15, 2017 22:41:42 GMT
Post by jjc on Oct 15, 2017 22:41:42 GMT
That one's gonna get deleted.
Possibly (last 7 words). Not been following closely but wonder if AC's IAs have been hoarding loans recently (to serve up to IFISA investors). Recent MLIA pickings have been ridiculous of late &, tbf, AC have to have something on the buffet table to offer those new punters. Might a big GBBA release be a signal chris ' promised new algorithm is about to be unwrapped? It makes sense (I think) to do IFISA wrap launch & new GBBA/GEIA algo unwrap at the same time. Slightly intrigued whether all this wrapping & unwrapping will be more like a mega Xmas bonanza arriving early, or an army of flashers showing (for an instant) their wares before covering them up again, flashing, covering & flashing etc again. As a MLIA investor who's seen a lot of changes (for the worse) but not lost his sense of humour I'm going with the army of flashers going beserk.
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jjc
Member of DD Central
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Likes: 632
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#441
Oct 15, 2017 22:45:49 GMT
Post by jjc on Oct 15, 2017 22:45:49 GMT
That one's gonna get deleted. Someone's working weekends. Gone already it was just one of the flashers. Pops out, does his thing, jumps back in the bushes. Platform's full of em ;-)
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oldgrumpy
Member of DD Central
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#441
Oct 15, 2017 22:59:34 GMT
Post by oldgrumpy on Oct 15, 2017 22:59:34 GMT
This was one of my selected 8%-ers and I was smug in its liquidity if I should need the cash. That's gone now!  (ed. the liquidity, I mean  ) |
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#441
Oct 16, 2017 3:24:20 GMT
Post by df on Oct 16, 2017 3:24:20 GMT
I don’t know why the GBBA is dropping it, but it does show how much the GBBA is key to parts of the AC service... assuming all on offer is GBBA, it’s 2.89m out of 3.3m total. The mlia is over covering c400k or 14% ish. Im ignoring the PSIA, which could be on either side of that equation! 441 is 17.5% of my GBBA. It has been at around that percentage for quite a while, I didn't notice any significant decrease. I ignored PSIA at the start, but later decided to invest very little amount to see if diversification works any better than in GB&Green (the result of my "research" is - no, it doesn't). I expected some of 441 to be there because it is a property loan, but there is none of it in my PSIA. I guess AC is trying to be more careful with PSIA as it is the newest one and offers lower rates. I don't have any of 441 in MLIA, 70% GDV at 8% doesn't appeal to me.
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duck
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Post by duck on Oct 16, 2017 5:09:04 GMT
- presumably because its been delisted from the GBBA. Whilst the loan might have been delisted from the GBBA my wife's account has not sold anything (yet), no buyers? Looking at the spreadsheet (just updated) this loan represents 20.18% of loans held (19.93% when cash balance added in) which is similar to my very small GBBA. Assuming this loan has been delisted from the GBBA and there are buyers 'out there' the loss of this loan to the GBBA will make a large hole in this account which is reinvesting very slowly at present.
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Post by chris on Oct 16, 2017 5:18:43 GMT
#441 has moved slightly outside the LTV criteria for the GBBA (by 1%) so it has delisted itself. New diversification algorithm is tied to a big release near the end of Q4.
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duck
Member of DD Central
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#441
Oct 16, 2017 6:14:40 GMT
Post by duck on Oct 16, 2017 6:14:40 GMT
Thanks for the definitive answer chris |
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#441
Oct 16, 2017 7:53:22 GMT
Post by chielamangus on Oct 16, 2017 7:53:22 GMT
#441 has moved slightly outside the LTV criteria for the GBBA (by 1%) so it has delisted itself. New diversification algorithm is tied to a big release near the end of Q4. How does that work then? Headline LTGDV is still 70 per cent and there were no additional advances made over the weekend, nor any other changes that were visible to us. Since AC is a market maker, the least that should be done to introduce a semblance of fairness is to tell us what your rules are and what information suddenly came along to induce the change in the classification.
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(ed. the liquidity, I mean 
) 
