|
|
Post by Ton ⓉⓞⓃ on Jun 1, 2016 17:32:16 GMT
Sorry Chris do not understand 30 possible drawdowns in June,the upcomming loans show 15 , 5 of which have underwriting called ,10 in the pipe line section.There is only 41 loans total so 30 in June is historicaly a big proportion of the total.Is the upcoming loans page out of date not fully updated with some loans or does that 30 include institutions,something feels a little out of kilter or maybe some new loans cant be announced due legal docs not yet signed but that makes the end to end process feel comparatively quick to historical time lines.Just a bit puzzled but then have not had the first coffee fix yet.   You do not get to see the full pipeline. There are several conditions that need to be met for loans to appear on the pipeline shown on site. Depending on retail demand I'm sure some will end up going to institutional lenders, particularly if we do manage to push past £8-9m per month. It is an option open to us. But the board are well aware of the current drought and are keen to put as much to retail as retail are willing to invest in. Can I ask chris if the total lent (currently£109,545,470) by AC shown on the AC "front page" (as in: www.assetzcapital.co.uk/) if this figure includes Institutions or is it just retail loans?
|
|
|
|
Post by Deleted on Jun 1, 2016 17:39:33 GMT
"current drought"  wonderful. |
|
|
|
Post by chris on Jun 1, 2016 17:59:28 GMT
You do not get to see the full pipeline. There are several conditions that need to be met for loans to appear on the pipeline shown on site. Depending on retail demand I'm sure some will end up going to institutional lenders, particularly if we do manage to push past £8-9m per month. It is an option open to us. But the board are well aware of the current drought and are keen to put as much to retail as retail are willing to invest in. Can I ask chris if the total lent (currently£109,545,470) by AC shown on the AC "front page" (as in: www.assetzcapital.co.uk/) if this figure includes Institutions or is it just retail loans? If it doesn't say on the website then that's something I'm honestly not sure I'm allowed to clarify. Perhaps speak to customer services to get an official answer and then post it back here for everyone else's benefit?
|
|
SteveT
Member of DD Central
Posts: 6,875 
Likes: 7,924
|
Post by SteveT on Jun 1, 2016 18:36:06 GMT
Can I ask chris if the total lent (currently£109,545,470) by AC shown on the AC "front page" (as in: www.assetzcapital.co.uk/) if this figure includes Institutions or is it just retail loans? If it doesn't say on the website then that's something I'm honestly not sure I'm allowed to clarify. Perhaps speak to customer services to get an official answer and then post it back here for everyone else's benefit? Totalling the entire MLIA "Live Loans" list (via the CSV download) gives a shade over £66m, so I presume the £109m figure includes institutions.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Jun 1, 2016 18:59:14 GMT
If it doesn't say on the website then that's something I'm honestly not sure I'm allowed to clarify. Perhaps speak to customer services to get an official answer and then post it back here for everyone else's benefit? Totalling the entire MLIA "Live Loans" list (via the CSV download) gives a shade over £66m, so I presume the £109m figure includes institutions. Erm, and the £37m of repaid loans maybe.  Though that includes extensions and refinances, but Ive noticed that other AC figures slightly misleadingly include those. Leaves about £9m unaccounted for as the current figure is £112m Never noticed the ever ticking upwards interest figure before
|
|
|
|
Post by chris on Jun 1, 2016 19:35:03 GMT
Never noticed the ever ticking upwards interest figure before Awww... I'm really proud of that one. It actually ticks up precisely as interest accrues.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Jun 1, 2016 19:53:10 GMT
Never noticed the ever ticking upwards interest figure before Awww... I'm really proud of that one. It actually ticks up precisely as interest accrues. Maybe you should add one to everybody's dashboard (switchoffable)
|
|
|
|
Post by chris on Jun 1, 2016 19:55:18 GMT
Awww... I'm really proud of that one. It actually ticks up precisely as interest accrues. Maybe you should add one to everybody's dashboard (switchoffable) It has been thought of but I don't have the resources at the moment to spend on it. We have hundreds of ideas but not (yet) hundreds of people.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jun 2, 2016 19:55:54 GMT
Never noticed the ever ticking upwards interest figure before I hadn't noticed it either -- I rarely look at AC's home page. I did note on today's visit, however, that AC seem to be having trouble coming up with favourable facts...
"Fact #1: No investor has ever made a loss in our automatic investment accounts"
"Fact #5: No investor has ever made a loss in our automatic investment accounts"
|
|
|
|
Post by chris on Jun 2, 2016 21:25:14 GMT
Never noticed the ever ticking upwards interest figure before I hadn't noticed it either -- I rarely look at AC's home page. TI did note on today's visit, however, that AC seem to be having trouble coming up with favourable facts...
"Fact #1: No investor has ever made a loss in our automatic investment accounts"
"Fact #5: No investor has ever made a loss in our automatic investment accounts"
I shall have a word...
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Jun 3, 2016 17:20:37 GMT
Never noticed the ever ticking upwards interest figure before Awww... I'm really proud of that one. It actually ticks up precisely as interest accrues. Where does that live? D
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jun 4, 2016 2:25:35 GMT
Awww... I'm really proud of that one. It actually ticks up precisely as interest accrues. Where does that live? On the AC home page, on the left near the bottom, just above the Latest Case Studies.
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Jun 4, 2016 9:50:33 GMT
On the AC home page, on the left near the bottom, just above the Latest Case Studies. Oh, that's the combined interest for *all* investors? I thought it was just mine ... I'd better cancel the gold Lambo I have on order ... DD
|
|
agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
|
Post by agent69 on Jun 4, 2016 11:17:51 GMT
Totalling the entire MLIA "Live Loans" list (via the CSV download) gives a shade over £66m, so I presume the £109m figure includes institutions. Erm, and the £37m of repaid loans maybe. Though that includes extensions and refinances, but Ive noticed that other AC figures slightly misleadingly include those. Leaves about £9m unaccounted for as the current figure is £112m If we're going to get into the minutiae of detail, should the ' £115,419,461 has been lent to credit-worthy UK SME businesses' include the Plumber?
|
|
agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
|
Post by agent69 on Jun 4, 2016 11:28:44 GMT
"I'm assured there are several loans due to draw before the end of the month, totalling perhaps £3m."
* (oh no! Drawdown has already been pushed into June)
Good job I was not actually assured by the usual AC exaggerations (passed on by CM).
With the Bank Holiday weekend already started, that projection looks more likely to be nearer £900K ... if 281, 283 and 284 all actually draw down by 31 May. If they don't that will be just £240K rather than £3M. (My share of this = £40.41) 
Well that hasn't happened, unless 281, 283 and 284 draw down in the next couple of hours. £240K rather than £3M then. I see that there is a prediction on the other thread for June's loan flow. £12M £7-7.5M. That isn't "assured" though. Shock horror ......... AC don't meet drawdown predictions!
|
|
wonderful.
Though that includes extensions and refinances, but Ive noticed that other AC figures slightly misleadingly include those. 
