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Post by Ace on Oct 24, 2019 23:26:27 GMT
Here is the publicly available info for the latest case:
"Breach of Director's Fiduciary Duties: Case ID 1866
COMMERCIAL FRAUD
Funding required to fund a UK-based commercial litigation dispute regarding a breach of fiduciary duties by a director of a property construction company enabled by a joint enterprise conspiracy. Claim value £19m. Comprehensive analysis by senior barristers has identified ‘overwhelming’ evidence of breach of fiduciary duties and of joint enterprise conspiracy, including incriminating email correspondence between the defendants. The nine defendants have joint and several liability with significant property and business assets owned by the key defendants. Both the Claimant’s solicitor and QC barrister are on a Contingent Financing Arrangement (100% and 50% respectively). The insurers’ premium is also fully contingent on a case win. Bond return of 72%+ per annum for the first 3 years, IFISA-eligible."
Again, if interested, make sure you read and understand the full risk warnings on the site. I'm looking forward to seeing how this plays out. Feels a bit like boarding the biggest rollercoaster in the P2P park, and that's saying something.
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Post by Ace on Feb 19, 2020 15:56:43 GMT
There is a new case available for funding on the AxiaFunder platform.
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Post by wiseclerk on Feb 19, 2020 16:39:48 GMT
Probably to have something available during their upcoming equity crowdfunding round
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Post by wiseclerk on Feb 19, 2020 17:17:58 GMT
Probably to have something available during their upcoming equity crowdfunding round Is that open yet? No. From what I hear it is upcoming.
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Post by Ace on Mar 13, 2020 8:05:11 GMT
AxiaFunder is open for public funding on Seedrs. Could be worth a punt for those looking for investments that are uncorelated with current turmoils. I'm in.
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Post by Ace on May 5, 2020 13:25:30 GMT
My first investment case in AxiaFunder repaid today, 15 months after investing. A gross profit of 93.75% (75% net profit after 20% tax). Very well done AF.
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archie
Posts: 1,865 
Likes: 1,860
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Post by archie on May 5, 2020 13:57:39 GMT
My first investment case in AxiaFunder repaid today, 15 months after investing. A gross profit of 93.75% (75% net profit after 20% tax). Very well done AF. Was that case ISA eligible or equity only?
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Post by Ace on May 5, 2020 14:06:16 GMT
My first investment case in AxiaFunder repaid today, 15 months after investing. A gross profit of 93.75% (75% net profit after 20% tax). Very well done AF. Was that case ISA eligible or equity only? It was ISA eligible, but I had already used my allowance when it was funding and there wasn't sufficient time for a transfer. I almost didn't invest for that reason. Glad I did now.
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Post by Ace on May 12, 2020 10:55:36 GMT
A new commercial litigation investment opportunity is now available for funding on the AxiaFunder platform. Find out more, go to www.axiafunder.com/investmentsA Francovich claim against a European-based tax authority Claim value of £15m. Projected Multiple on Capital for investors is 3.3x - 7.8X if the case wins Funding requirement: £192,000-£225,000 Offer closing on or before 3rd June 2020 Key investment features: Strong legal merits: Senior counsel considers this a strong Francovich claim with good prospects of success at trial (at least 60%). Past experience suggests that the Defendant is likely to seek a pre-trial settlement, increasing the probability of a good outcome for investors who get paid before the Claimant on a win. Highly experienced legal team: Jersey company is represented by a distinguished legal team who have recently won some high-profile cases Incentives aligned: The Claimant’s solicitor is on a 50% Conditional Financing Agreement (CFA) ensuring alignment of incentives, with the CFA paid after investors. Straightforward enforceability: Defendant has sufficient resources to pay any settlement or judgement. Attractive Risk Reward Profile: If the Claimant wins before trial, the projected Multiple on Capital (MoC) for investors is 3.3x up to 12 months, increasing by 1.1x for each 6 months thereafter, up to a maximum of 7.8x after 30 months. The MoC if the case wins at trial is projected to be at least 5.6x. The claim value is £15m. Fast resolution: A Q3 2021 trial date is likely if settlement is not reached before then. Find out more, go to www.axiafunder.com/investments |
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Post by theitalianleathersof on May 15, 2020 16:29:06 GMT
has anyone else here invested in their round on Seedrs? I find it really promising, and potentially uncorrelated, an investment opportunity. www.theitalianleathersofa.com |
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Post by Ace on May 15, 2020 21:51:00 GMT
has anyone else here invested in their round on Seedrs? I find it really promising, and potentially uncorrelated, an investment opportunity. www.theitalianleathersofa.comYes, I went large on the equity (for me). I've also invested modest amounts in most of the cases. Needless to say, I like what I see. I particularly like that it's uncorelated with any of my other investments. I've found them to be very quick to reply to questions. To be fair, all new platforms tend to be in their early growth stages, but AxiaFunder have been remarkably quick, even well outside of normal working hours. They are also refreshingly honest about the high risk nature of the cases. All going well so far, but it's really way too early to determine what the long term XIRR will be.
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Post by Ace on May 16, 2020 10:51:04 GMT
"Yes, I went large on the equity (for me)"
I went in x2 my normal opening position on Seedrs. I haven't yet done anything on the platform. I might over time. At the moment I'm more interested in finishing off the long term plan for my portfolio.
- I suspect there will be scope for further commitment over time. Although, I wouldn't be surprised if there's not.
Then I'll turn my attention to more speculative activity. With confidence that I don't have to worry about day to day cash flow.
Day trading listed equity, and I see Axia playing a part in that more "speculative" landscape, will be a next step for me.
As far as Axia goes, I need to understand the potential risks in a more extensive way. The potential of 'greater than'. For me down side protection would be a must. I suspect if that's not on the table, it will be over the long term.
Are you following Cormac on Twitter? @ CormacLeech
I don't really do twitter. I do have an account, but hardly ever look at it. A fair bit of my time is spent trying to keep up with posts on this forum. I've had to cut down from reading every post. Avoiding a particular covid thread has saved a lot of time though. Yes understanding the risk on AxiaFunder isn't straight forward. On the equity side its obviously the usual risk of losing your whole investment minus any EIS tax breaks you can make use of. On the case investments it's more complex, but having investigated this before making my first investment, I concluded that the risk of losing more than I invested was acceptably low for me given the potential upside. From memory, the almost maximum downside was that I could lose my investment and be asked to cough up the same amount again, so twice my stake. For this to happen, first the case would need to progress to court and be lost and the defendant's costs be awarded against us (most cases are settled by negotiation once the defendant realises that we are serious and have sufficient funding to proceed). All cases have After The Event (ATE) insurance, which covers the costs awarded against us. So, as well as losing the case, this insurance would also have to fail (perhaps due to failing to disclose material facts or the insurer going bust). Then the claimant would have to show that he/she was unable to pay the costs. As well as all of that the judge would then need to decide that he would "pierce the corporate veil", I.e. to decide that the we shareholders of the SPV were liable for the costs rather than just the SPV company. I said "almost" maximum above because I think there was a precedent set where all of the above happened and the judge awarded the costs against the shareholders at the same value as their original investments. There's always the chance that the precedent could be changed. Unfortunately I can't find my notes on the above, so please don't take it as advice. My memory isn't as good as it used to be, so I may have got parts of it wrong, but it might help you investigate further. I'd be particularly grateful to anyone who can confirm my understanding, or equally grateful if someone can tell me where I'm wrong. Anyway, given the above and my intention to spread my risk over multiple cases, I consider it an acceptable risk for the potential reward. As always, I wouldn't invest money I couldn't manage without. Having got a 93.75% profit from my first case, I can afford for another to go horribly wrong and still not make a loss, probably 
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alibaba
Member of DD Central
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Post by alibaba on Jun 18, 2020 15:43:06 GMT
Hi Ace
Any chance on an update of your experience on Axiafunder
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Post by Ace on Jun 18, 2020 17:49:44 GMT
Hi Ace Any chance on an update of your experience on Axiafunder Hi alibaba, Was there anything specific you would like to know? I've invested in several cases, but only one has completed so far; a 93.75% profit before tax. I can't report on the non-completed cases as they are subject to NDAs, for obvious reasons. Suffice to say that I haven't had any bad news yet on the cases I'm invested in. Investors receive updates on the cases they are invested in roughly every 3 months. I've heard that there should be a couple of new cases soonish, including an ISA eligible case, but it seems that this is very difficult to predict as there are a number of things that can throw them off course until the deal is signed. I've found that the platform is very quick to reply to my many questions, usually within a few minutes even outside of normal working hours. Good luck if you decide to give them a try.
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Jun 18, 2020 19:01:58 GMT
Hi Ace Any chance on an update of your experience on Axiafunder Hi alibaba , Was there anything specific you would like to know? I've invested in several cases, but only one has completed so far; a 93.75% profit before tax. I can't report on the non-completed cases as they are subject to NDAs, for obvious reasons. Suffice to say that I haven't had any bad news yet on the cases I'm invested in. Investors receive updates on the cases they are invested in roughly every 3 months. I've heard that there should be a couple of new cases soonish, including an ISA eligible case, but it seems that this is very difficult to predict as there are a number of things that can throw them off course until the deal is signed. I've found that the platform is very quick to reply to my many questions, usually within a few minutes even outside of normal working hours. Good luck if you decide to give them a try. Many thanks for your reply, I intend to give them a go, I will report back on my experience.
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