Green Energy Investment Account is live

Similar story here, to see how it worked, I invested £100 round about launch and almost immediately put it up for sale and it is only in the last day or so that anything much has been sold.

As others, my GEIA sprung into action around 10:41 today.

Based on an analysis of my statement, my remaining GEIA holdings (at time of *starting* to write this post) were:
(83) : £15.84 [sold while writing next paragraph]
(93) : £20
(125) : £20 [sold while writing next paragraph]
(127) : -£0.000901765

For 83,93,125, this looks like some kind of cross-contamination from my MLIA targets (which were £20 at time of writing the above), as the original 10:41+ batch sold the existing holding down to my MLIA target (except for 83 which was already below target), and when I tweaked my MLIA target for 83 and 125, it then triggered a sale of my remaining GEIA holdings of those loans (as well as the £1 I'd "asked" it to sell from the MLIA). 93 may take a little while to correct, but it looks like it will be "under control" soon.


127 seems the most curious though. In the 10:42 batch, I sold an amount of this loan that slightly exceeded my GEIA's holding of that loan.
I "originally" (during mid-November) had 7 purchases totalling £15.91 in my GEIA, followed by a principal repayment of £1.340901765. There were also a few interest payments (irrelevant for calculating current holdings), and a subsequent purhcase of £0.13 in January.

This would seem to leave £14.699098235 of current holdings of loan 127.

However, today, it made 4 sales totalling £14.70

It would seem that either:
- one or more of the statement entries has a "display error", appearing as a rounded value when it is in fact a more precise value behind the scenes.
- my GEIA has sold short some of loan 127 leaving itself with a negative holding.

Perhaps chris could clarify which of those two interpretations for loan #127 is correct?

... or indeed, perhaps some of the newer GEIA investors were finally able to utilise the "awaiting investment" balance, so saw fit to make an additional top-up?

A similar effect may result each time a new loan is released for investment in the GEIA... which should be bought up by new GEIA investors (who have spare funds in their accounts), and should also cause existing GEIA investors to have their GEIA per-loan target reduced resulting in sales of some of their existing loan units in order to purchase units of the new loan for better diversification (thereby also providing some amount of the "old" GEIA loans to "new" investors too).

Not sure this is the most appropriate thread for this but encouraging news for GEIA (& other wind/green investors) made public today:

www.businessgreen.com/bg/news/2393380/public-opposition-to-onshore-wind-farms-falls-to-record-low

There is £400k of 112 on the AM so most likely it is that rather than a glitch.

"If it remains liquid it can act as a temporary home for my cash while looking for other loans to invest in."


I will be very interested to read how this strategy pans out. If I put £5000 into Green, I would not be expecting to get £5000 out in an hour so I could invest in 'OnestDave.com Expansion Loan at 18%. I might, however, want to get at a couple of grand of my Green money within a day or so for other new loans. I await reports.

My GEIA had a rush of activity for a couple of minutes starting at 10:40am and sold less than 25% of my holding, around £40 worth. No more action since 10:42am.