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Post by Ace on Jun 3, 2024 14:47:07 GMT
The 46th HDR loan tranche repayment has been made today. It is from the third first law firm.
It was the 5th tranche repayment for #4006. This tranche had a profit of 45.8%. The average profit across the 5 tranches is 25.7% (21.23% XIRR).
The overall XIRR for the repaid portions of my HDR case investments is now 22.51%.
Assuming an equal amount was invested in each of the 13 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.48%. For each £1k equal investment (£13k across the 13 loans), £4,988.20 of capital and £1,172.36 profit (£6,160.56 total) would have been paid so far. |
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,057
Likes: 617
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Post by dave4 on Jun 12, 2024 13:05:13 GMT
#5429.New loan available, diesel cheating.
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firedog
Member of DD Central
Posts: 367
Likes: 462
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Post by firedog on Jun 17, 2024 8:07:23 GMT
I see the case stats figures have been updated to show a win rate of 87% (from 90%) and an average investor IRR of 27% (down from 39%). The case statistics page hasn't yet been updated to reflect two recent outcomes (one loss and one win). |
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Jun 17, 2024 15:21:06 GMT
I see the case stats figures have been updated to show a win rate of 87% (from 90%) and an average investor IRR of 27% (down from 39%). The case statistics page hasn't yet been updated to reflect two recent outcomes (one loss and one win). What was the loss?
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Post by Ace on Jun 18, 2024 9:54:25 GMT
The 47th HDR loan tranche repayment has been made today. It is from the second law firm.
It was the 2nd tranche repayment for #4968. This tranche had a profit of 17.79%. The average profit across the 2 tranches is 14.2% (17.43% XIRR).
The overall XIRR for the repaid portions of my HDR case investments is now 22.53%.
Assuming an equal amount was invested in each of the 13 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.51%. For each £1k equal investment (£13k across the 13 loans), £5,088.20 of capital and £1,190.15 profit (£6,278.35 total) would have been paid so far. |
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Post by Ace on Jun 20, 2024 16:16:19 GMT
The 48th HDR loan tranche repayment has been made today. It is from the second law firm.
It was the 2nd tranche repayment for #4882. This tranche had a profit of 18.99%. The average profit across the 2 tranches is 15.19% (21.80% XIRR).
The overall XIRR for the repaid portions of my HDR case investments is now 22.53%.
Assuming an equal amount was invested in each of the 13 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.51%. For each £1k equal investment (£13k across the 13 loans), £5,187.50 of capital and £1,209.01 profit (£6,396.51 total) would have been paid so far. |
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Post by Ace on Jun 24, 2024 15:49:59 GMT
The 49th HDR loan tranche repayment has been made today. It is from the second law firm.
It was the 1st tranche repayment for #5084. This tranche had a profit of 13.37% (19.34% XIRR).
The overall XIRR for the repaid portions of my HDR case investments is now 22.51%.
Assuming an equal amount was invested in each of the 14 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.48%. For each £1k equal investment (£14k across the 14 loans), £5,287.50 of capital and £1,222.38 profit (£6,509.88 total) would have been paid so far. |
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Post by Ace on Jun 25, 2024 16:01:57 GMT
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Post by Ace on Jul 5, 2024 8:12:44 GMT
The first law firm for the housing disrepair claims has been put into administration. Axiafunder have undertaken to repay investors' loss of capital, subject to regulatory approval. HDR loans to other law firms are unaffected.
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Post by kazamx on Jul 5, 2024 9:11:39 GMT
I just read the email.
I'm not complaining, but why are Axia paying us back the lost capital? If it was a gesture I would understand but they say "subject to regulatory
expectations, AxiaFunder intends to refund all investors losses of invested capital"
Any thoughts?
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Post by Ace on Jul 5, 2024 9:31:47 GMT
I just read the email. I'm not complaining, but why are Axia paying us back the lost capital? If it was a gesture I would understand but they say "subject to regulatory expectations, AxiaFunder intends to refund all investors losses of invested capital" Any thoughts? I think that it is a gesture. My understanding was that they need to check with the regulator that the gesture is allowed, but they expect that it will be.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,057
Likes: 617
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Post by dave4 on Jul 5, 2024 9:37:11 GMT
I just read the email. I'm not complaining, but why are Axia paying us back the lost capital? If it was a gesture I would understand but they say "subject to regulatory expectations, AxiaFunder intends to refund all investors losses of invested capital" Any thoughts? I think that it is a gesture. My understanding was that they need to check with the regulator that the gesture is allowed, but they expect that it will be. Its a gesture as ace said.
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firedog
Member of DD Central
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Post by firedog on Jul 5, 2024 9:55:09 GMT
I might be recalling poorly, but wasn't the plan, for most of these HDR cases, that if the law firm failed, the cases would be transferred to another?
Perhaps Axia felt that given that the 1st law firm had been performing relatively poorly, the cases weren't worth being transferred?
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Greenwood2
Member of DD Central
Posts: 4,385
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Post by Greenwood2 on Jul 5, 2024 10:02:00 GMT
I might be recalling poorly, but wasn't the plan, for most of these HDR cases, that if the law firm failed, the cases would be transferred to another? Perhaps Axia felt that given that the 1st law firm had been performing relatively poorly, the cases weren't worth being transferred? There are different ways of firms failing, this one is all in the hands of the Administrators now. I guess the Administrators might decide selling on the claims it's the best way to recoup funds, but it probably wouldn't be at full price and the money might not come back to us.
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Post by overthehill on Jul 5, 2024 10:36:04 GMT
"No investments found that are suitable for sale"
I see none of my investments are suitable for sale. Is the bulletin board still active or just a prop ?
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