dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Sept 13, 2024 9:22:21 GMT
#5490. Degl loan.
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Post by steveng on Sept 13, 2024 9:55:56 GMT
They want more money? It feels to me like I'd be putting more funds into the same claim and not spreading it as thin as I should over multiple cases.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Sept 14, 2024 12:07:31 GMT
They want more money? It feels to me like I'd be putting more funds into the same claim and not spreading it as thin as I should over multiple cases. You're right, it is a concentration of risk. It will almost certainly be an 'all or nothing' outcome for these diesel emission claims, so you'll either lose all your investments or get a sizeable ROI on all of them. I sincerely hope there can be more diversification from Axia Funder. It will also take many, many years for an outcome on the diesel emission court action. These mega-complex legal cases and then getting payment from adjudications typically take an extremely long time as we all know. The upside of the latter is that, by then, a Conservative government might be about to come into power and reverse the probable impending Capital Gains Tax rises which will significantly affect the net returns many investors pocket from Axia Funder.
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Post by Ace on Sept 18, 2024 16:12:57 GMT
Another HDR loan tranche repayment has been made today. It was from the 3rd law firm. It was the 2nd tranche repayment for #4237. This tranche had a profit of 31.81%. The average profit for repaid cases in this loan is 28.4% (27.65% XIRR ). Returns so far from all HDR loans (all 4 law firms, including the one in administration) The overall XIRR for the repaid portions of my HDR case investments is now 4.36%. (This should steadily rise as repayments from the loans in good standing are received, barring any further "issues"). Assuming an equal amount was invested in each of the 16 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 4.93%. For each £1k equal investment (£16k across the 16 loans), £8,463.21 of capital and £510.89 profit (£8,974.10 total) would have been paid so far. Returns so far from all HDR loans in good standing(I.e. excluding those from the law firm in administration) The overall XIRR for the repaid portions of my HDR case investments is now 22.14%. Assuming an equal amount was invested in each of the 9 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 21.96%. For each £1k equal investment (£9k across the 9 loans), £2,539.40 of capital and £510.89 profit (£3,050.29 total) would have been paid so far. |
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Post by Ace on Sept 18, 2024 16:21:40 GMT
They want more money? It feels to me like I'd be putting more funds into the same claim and not spreading it as thin as I should over multiple cases. You're right, it is a concentration of risk. It will almost certainly be an 'all or nothing' outcome for these diesel emission claims, so you'll either lose all your investments or get a sizeable ROI on all of them. I sincerely hope there can be more diversification from Axia Funder. It will also take many, many years for an outcome on the diesel emission court action. These mega-complex legal cases and then getting payment from adjudications typically take an extremely long time as we all know. The upside of the latter is that, by then, a Conservative government might be about to come into power and reverse the probable impending Capital Gains Tax rises which will significantly affect the net returns many investors pocket from Axia Funder. I completely agree that there is a concentration risk in these loans, both because of them all being via the same law firm so far, and because they all relate to the diesel emissions issue. However, there is some merit in diversifying ones total investment in this topic across multiple loans as different loans relate to different manufacturers. It's perfectly possible that some manufacturers will settle early to avoid going through the full court process, as I believe some have in other jurisdictions. It's also possible that some manufacturers will go through the full court process and be found guilty, while other may not be found guilty.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Sept 25, 2024 12:37:08 GMT
#5581
Hdr.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 616
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Post by dave4 on Oct 1, 2024 15:11:48 GMT
#5598.hdr launched
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Post by frank121 on Oct 3, 2024 22:08:06 GMT
Hi All, Are they any thoughts on the high number of replaced HDR claims thru the law firm starting with S? (all tranches) I have read that AF are aware of them and expect them to reduce in by the next quarterly update. So I am assuming there has been some issue with CMC that's hopefully now been addressed. I would think this will have some effect on the expected payback period too. (normally predicted as 9-18 months) I don't see this as an issue but am expecting delays in payback because of this. I have emailed AF about it but just thought I would open the discussion here too. I am not sure if it's happened to this degree before, my other HDR loans have a much lower replacement rate. Cheers, Frank
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firedog
Member of DD Central
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Post by firedog on Oct 4, 2024 7:40:09 GMT
Are they any thoughts on the high number of replaced HDR claims thru the law firm starting with S? (all tranches) I have read that AF are aware of them and expect them to reduce in by the next quarterly update. So I am assuming there has been some issue with CMC that's hopefully now been addressed. I would think this will have some effect on the expected payback period too. (normally predicted as 9-18 months) I don't see this as an issue but am expecting delays in payback because of this. I have emailed AF about it but just thought I would open the discussion here too. I am not sure if it's happened to this degree before, my other HDR loans have a much lower replacement rate. Think you're probably right, Frank. It is a marked difference which is at first glance indicative at least of a poorer initial selection of cases. Obviously we're protected from that to an extent with the like-for-like replacement policy, but it would be good to see them 'significantly' reduced, as Axia expects. (ISTR the original law firm had similar quality issues, but I think their problems went deeper than that; I take it as a positive that Axia are still doing new cases with this firm). On a side note, I'd love it if Axia would flag their quarterly updates as such in the email header, so I don't confuse them with updates that might have an immediate bearing on case outcomes. I've had about 20 email updates over the last two or three days!
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Post by ts1955 on Oct 4, 2024 13:42:44 GMT
Firm ? should have filtered the claims more robustly. Quality issues with accepting everything and anything. At least AF is aware of it.
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Post by Ace on Oct 4, 2024 16:48:29 GMT
Another HDR loan tranche repayment has been made today. It was from the 3rd law firm. It was the 1st tranche repayment for #5062. This tranche had a profit of 17.17%. The average profit for repaid cases in this loan is 17.17% (16.68% XIRR ). Returns so far from all HDR loans (all 4 law firms, including the one in administration) The overall XIRR for the repaid portions of my HDR case investments is now 4.43%. (This is steadily rising as repayments from the loans in good standing are received and should continue to do so barring any further "issues"). Assuming an equal amount was invested in each of the 17 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 5.04%. For each £1k equal investment (£17k across the 17 loans), £8,559.21 of capital and £527.88 profit (£9,086.59 total) would have been paid so far. Returns so far from all HDR loans in good standing(I.e. excluding those from the law firm in administration) The overall XIRR for the repaid portions of my HDR case investments is now 21.99%. Assuming an equal amount was invested in each of the 10 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 21.76%. For each £1k equal investment (£10k across the 10 loans), £2,635.40 of capital and £527.38 profit (£3,162.78 total) would have been paid so far. |
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Post by Ace on Oct 7, 2024 13:02:57 GMT
Another HDR loan tranche repayment has been made today. It was from the 2nd law firm. It was the 6th tranche repayment for #4452. This tranche had a profit of 40.69%. The average profit for repaid cases in this loan is 25.1% (22.76% XIRR ).
Returns so far from all HDR loans (all 4 law firms, including the one in administration)
The overall XIRR for the repaid portions of my HDR case investments is now 4.82%. (This is steadily rising as repayments from the loans in good standing are received and should continue to do so barring any further "issues").
Assuming an equal amount was invested in each of the 17 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 5.34%. For each £1k equal investment (£17k across the 17 loans), £8,659.21 of capital and £568.07 profit (£9,227.28 total) would have been paid so far.
Returns so far from all HDR loans in good standing(I.e. excluding those from the law firm in administration)
The overall XIRR for the repaid portions of my HDR case investments is now 22.32%.
Assuming an equal amount was invested in each of the 10 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 22.01%. For each £1k equal investment (£10k across the 10 loans), £2,735.40 of capital and £568.07 profit (£3,303.47 total) would have been paid so far. |
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Post by frank121 on Oct 9, 2024 21:50:31 GMT
Hi All, Are they any thoughts on the high number of replaced HDR claims thru the law firm starting with S? (all tranches) I have read that AF are aware of them and expect them to reduce in by the next quarterly update. So I am assuming there has been some issue with CMC that's hopefully now been addressed. I would think this will have some effect on the expected payback period too. (normally predicted as 9-18 months) I don't see this as an issue but am expecting delays in payback because of this. I have emailed AF about it but just thought I would open the discussion here too. I am not sure if it's happened to this degree before, my other HDR loans have a much lower replacement rate. Cheers, Frank
I received a prompt answer from AF about this law firm, here is a summary of what they said: (my own narrative not a copy/paste) - Issue with the quality of the claims coming from the CMC's that the firm was using. - The CMC's have now been changed. - In addition, enhanced case vetting procedures introduced.(I assume to spot issues as quickly as possible) - The firm have agreed to replace 11-15 claims per week. (I assume to clear the backlog) - As the replacement rate is high, it's predicted that the failure rate will decline quickly. - AF are still confident that the majority of cases will be resolved in 18 Months but some might take 24 Months. - For the claims that take longer to settle; the interest received is higher. So they have a good plan at least.  Let's hope the next update is much more favourable and the failure rate issue has been solved.
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Post by Ace on Oct 10, 2024 22:10:26 GMT
Another capital repayment was made today for each of the 7 HDR loans to the first law firm that is now in administration. One third of the outstanding capital was repaid today. The remaining capital is expected to be returned over the next 6 to 9 months. These payments have lowered the overall XIRRs for HDR loans as they add some zero-profit funds into the calculation. They have no effect on the returns from HDR loans excluding the law firm in administration.
Returns so far from all HDR loans (all 4 law firms, including the one in administration)
The overall XIRR for the repaid portions of my HDR case investments is now 4.53%. (This is steadily rising as repayments from the loans in good standing are received and should continue to do so barring any further "issues", except when further zero-profit funds are refunded by AF to compensate lenders for losses on the outstanding cases in loans to the law firm in administration).
Assuming an equal amount was invested in each of the 17 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 5.02%. For each £1k equal investment (£17k across the 17 loans), £8,999.65 of capital and £568.07 profit (£9,567.72 total) would have been paid so far.
Returns so far from all HDR loans in good standing(I.e. excluding those from the law firm in administration)
The overall XIRR for the repaid portions of my HDR case investments is now 22.32%.
Assuming an equal amount was invested in each of the 10 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 22.01%. For each £1k equal investment (£10k across the 10 loans), £2,735.40 of capital and £568.07 profit (£3,303.47 total) would have been paid so far. |
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Post by Ace on Oct 15, 2024 17:12:50 GMT
Another HDR loan tranche repayment has been made today. It was from the 2nd law firm. It was the 5th tranche repayment for #4647. This tranche had a profit of 36.46%. The average profit for repaid cases in this loan is 24.8% (22.14% XIRR ).
Returns so far from all HDR loans (all 4 law firms, including the one in administration)
The overall XIRR for the repaid portions of my HDR case investments is now 4.77%. (This is steadily rising as repayments from the loans in good standing are received and should continue to do so barring any further "issues", except when further zero-profit funds are refunded by AF to compensate lenders for losses on the outstanding cases in loans to the law firm in administration).
Assuming an equal amount was invested in each of the 17 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 5.26%. For each £1k equal investment (£17k across the 17 loans), £9,099.65 of capital and £604.53 profit (£9,704.18 total) would have been paid so far.
Returns so far from all HDR loans in good standing(I.e. excluding those from the law firm in administration)
The overall XIRR for the repaid portions of my HDR case investments is now 22.44%.
Assuming an equal amount was invested in each of the 10 HDR loans that have received at least 1 tranche repayment so far, the XIRR is 22.14%. For each £1k equal investment (£10k across the 10 loans), £2,835.40 of capital and £640.53 profit (£3,439.93 total) would have been paid so far.
News of another HDR repayment is coming in, so expect another update tomorrow. |
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Let's hope the next update is much more favourable and the failure rate issue has been solved.