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 
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Post by ilmoro on Jun 17, 2016 17:33:08 GMT
Their best deal for a stronger pint today is Marston's Old Empire (5.7%) for .... £1.25 - tasty. As a shareholder 'I endorse that message'  Meanwhile #177 has repaid and #179 is repaying tonight and possibly #166 as well. What chance of being able to withdraw the proceeds over the weekend as its going to be earning zippo in AC?  Think Ill park it in new #166 (fingers crossed) and ponder on my AC future over the weekend. (Several proper beer pubs down here to assist the thought process  ) Meanwhile 
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Post by chris on Jun 17, 2016 18:10:47 GMT
291 doesn't seem to have been very popular, there is currently over £4k sat available .... not really suprising given it's 7% return for 70% LTV It is at least a vacant possession LTV rather than market value. (I'm told there's no such thing as open market value and it should just be market value).
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jun 17, 2016 22:26:21 GMT
Their best deal for a stronger pint today is Marston's Old Empire (5.7%) for .... £1.25 - tasty. As a shareholder 'I endorse that message' Meanwhile #177 has repaid and #179 is repaying tonight and possibly #166 as well. What chance of being able to withdraw the proceeds over the weekend as its going to be earning zippo in AC? Think Ill park it in new #166 (fingers crossed) and ponder on my AC future over the weekend. (Several proper beer pubs down here to assist the thought process ) Well that went according to plan. All three loans repaid, FC v2 drewdown and the QAA ate the lot so all the repayments are in the Q earning nowt as predicted Ive started my thinking early with some HGo Ruby
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oldgrumpy
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Post by oldgrumpy on Jun 17, 2016 23:50:17 GMT
Yes. Another £4K+ repaid, a paltry allocation of £84 into a new loan to someone I previously had a good four figures with, and the rest not even within £1.3M of even getting in the QAA.
As always, still the repetitive "jam tomorrow".
I note that the four figure withdrawal I made Friday morning at 09:46 was not credited to my bank account on that day.
Now I'll have to make another one after looking at the prospects for the next month on AC (whatever they say).
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Post by chris on Jun 18, 2016 6:13:14 GMT
Yes. Another £4K+ repaid, a paltry allocation of £84 into a new loan to someone I previously had a good four figures with, and the rest not even within £1.3M of even getting in the QAA. As always, still the repetitive "jam tomorrow". I note that the four figure withdrawal I made Friday morning at 09:46 was not credited to my bank account on that day. Now I'll have to make another one after looking at the prospects for the next month on AC (whatever they say). Our last round of predictions of "jam tomorrow" came true to the extent that lenders were on here complaining about there being too many loans. Next week will see several million draw (minimum around £2m, possibility of a fair bit more) plus a raise of the QAA cap which should be the start of things beginning to move again. July is bursting at the seams, could easily be our largest month ever. Looking at the earlier indicators in the pipeline which influencing drawdowns in 2 - 6 months time we're on for another record breaking month. The exec are currently getting daily updates on every single loan in the drawdown pipeline and are making sure we deliver. We're on top of this but cannot rush loans through to drawdown just to save some short term embarrassment.
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agent69
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Post by agent69 on Jun 18, 2016 8:27:55 GMT
Yes. Another £4K+ repaid, a paltry allocation of £84 into a new loan to someone I previously had a good four figures with, and the rest not even within £1.3M of even getting in the QAA. As always, still the repetitive "jam tomorrow". I note that the four figure withdrawal I made Friday morning at 09:46 was not credited to my bank account on that day. Now I'll have to make another one after looking at the prospects for the next month on AC (whatever they say). Next week will see several million draw (minimum around £2m, possibility of a fair bit more) I hope you are correct, but in fairness to the Grumpy one, we have heard it many times before. Regarding jam tomorrow, some of it is still stuck in the pot (pending clarification of borrowers previous) and some had mould on it, given that it had been hanging around since mid May.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 18, 2016 10:18:23 GMT
Whatever the jam, tomorrow or next week, repeated two figure allocations on many sub 10% loans means I cannot reinvest repayments even with multiple "buy" orders on much of the existing loan book (and I'm not even a BH). I have started withdrawing from AC for the first time in more than two years, but will (probably) reinvest as and when individual suitable loan deals appear - if I have any cash available by then.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 18, 2016 11:11:14 GMT
Next week will see several million draw (minimum around £2m, possibility of a fair bit more) I hope you are correct, but in fairness to the Grumpy one, we have heard it many times before. Regarding jam tomorrow, some of it is still stuck in the pot (pending clarification of borrowers previous) and some had mould on it, given that it had been hanging around since mid May. It's also in the budget range ie not very tasty and low in fruit content!
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Post by lynnanthony on Jun 18, 2016 11:58:11 GMT
Whatever the jam, tomorrow or next week, repeated two figure allocations on many sub 10% loans means I cannot reinvest repayments even with multiple "buy" orders on much of the existing loan book (and I'm not even a BH). I have started withdrawing from AC for the first time in more than two years, but will (probably) reinvest as and when individual suitable loan deals appear - if I have any cash available by then. That pretty well sums up my position as well. I today made my first withdrawal ever from AC (in nearly three years).
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ton27
Member of DD Central
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Post by ton27 on Jun 19, 2016 10:01:47 GMT
I have been in AC for 3 years and have today made my first withdrawal - if I continue to be allocated £50 or £80 when I want £1000 then I can see lots more withdrawals coming up.
It seems AC do not want MLIA lenders - they have already killed off underwriting opportunities and now the MLIA is in danger.
It might be good for AC (and I am a small investor) but certainly not so for individuals who want to look after their own loans rather than being funnelled into the GBBA (the GEIA is already moribund).
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Steerpike
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Post by Steerpike on Jun 19, 2016 10:15:05 GMT
I move funds in to and out of platforms according to the opportunities available and I find it somewhat surprising when folk feel affronted or betrayed simply due to the state of the PM or SM on a particular platform.
Hunter-gatherers, migrant farmers, and settlers I suppose.
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Post by mrclondon on Jun 20, 2016 12:45:50 GMT
#154 Kidderminster full redemption funds received, to be credited to lenders later today.
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Steerpike
Member of DD Central
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Post by Steerpike on Jun 20, 2016 18:41:18 GMT
Over the last couple of months I have been moving funds out of AC, whereas in the preceding 6 months I had been moving money in.
AC is still the largest, but as well as opportunity seeking I have been platform rebalancing in the last two months :-
- gainers: ARC, TC, SS, FE, PM, MT, FS
- losers: RS, LI, AC, Z, FC
- steady: ABG, W, FK, ABL, LB, LC, LW
In the last two months, investment in AC is down 7% against an increase in total P2P of 2%.
Over the next few months I do not plan to increase overal P2P investment by much but expect to reduce RS, and W and increase one or more of the others, this could be AC if the price is right.
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SteveT
Member of DD Central
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Post by SteveT on Jun 21, 2016 9:24:12 GMT
#154 (Kidderminster #2) has now repaid. At least the cash reached our accounts during the morning this time, so there's still time to request the funds withdrawal before the noon cut-off.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 21, 2016 9:38:59 GMT
I have been in AC for 3 years and have today made my first withdrawal - if I continue to be allocated £50 or £80 when I want £1000 then I can see lots more withdrawals coming up. It seems AC do not want MLIA lenders - they have already killed off underwriting opportunities and now the MLIA is in danger. It might be good for AC (and I am a small investor) but certainly not so for individuals who want to look after their own loans rather than being funnelled into the GBBA (the GEIA is already moribund). ...and (after several delays) just £55 allocation on #280 W-hotel. We (MLIA) now know which side our bread is buttered, but AC (despite continued "spin*" or even "churn!") can't produce the butter. * see the other thread.
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