iann
Posts: 105
Likes: 86
|
Post by iann on Sept 9, 2020 10:11:38 GMT
Loan #704 has repaid £142K
Not sure if it's from the above, but there's been a payout of £3.42 per £10K in each AA
May have been or from Loan #1273 (not sure how much AA exposure on that one) or both. I know it is not Loan #368 as that has not distributed yet.
|
|
ian
Posts: 342
Likes: 226
|
Post by ian on Sept 11, 2020 7:56:39 GMT
Thankyou for the information cb25. Based on what you know is that all the redeemed capital distributed or is some outstanding???
|
|
cb25
Posts: 3,528 
Likes: 2,668
|
Post by cb25 on Sept 11, 2020 8:03:21 GMT
Thankyou for the information cb25. Based on what you know is that all the redeemed capital distributed or is some outstanding??? Sorry, don't know. I don't try to keep account of that as I haven't seen an easy correlation between money in (redemptions/repayments) and payouts.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Sept 11, 2020 10:12:51 GMT
It's what it feels like that matters, and it feels like distributions have been reduced since the SM went live.  |
|
puddleduck
Member of DD Central
Posts: 537
Likes: 489
|
Post by puddleduck on Sept 11, 2020 10:20:27 GMT
It's what it feels like that matters, and it feels like distributions have been reduced since the SM went live. Now I'm mostly sold out, I don't track AA exposure / loan size / repayment sizes, but I expected #985 to produce a large repayment as the AA's were heavily invested and it was a 7 million pound loan. But I don't think we saw much repayment at all, although hard to say for sure, as I was exiting on the SM around then. But yes, my 'feeling' is that repayments have lowered.
|
|
alender
Member of DD Central
Posts: 985
Likes: 687
|
Post by alender on Sept 11, 2020 14:21:16 GMT
It does look like the repayments have lowered because of the SM which is exactly what I was predicting.
However it is difficult to know what is really going on as AC do not give us the information, would be good if AC could regularly publish statistics on the AAs. I would suggest the size of the AAs, the amount of money lent out in new loan tranches, the future commitments of loan tranches, the amount of loan repayments, the size of the withdraw queue, the cash element and of course the value of the loans in the various states. Some of this can be worked out from spreadsheets but it should not be left as an exercise for the reader when AC already have all this information, it is our money and we have a right to know. Also the reason why AC are holding onto so much cash in the AAs, if this was paid out to lenders then the interest rate could be increased as the amount held in the AAs would decrease but the interest coming in from loans stays the same.
|
|
|
|
Post by stuartassetzcapital on Sept 11, 2020 17:06:39 GMT
Good question for the new 'Ask Our Panel' feature to be announced in a few days. I can confirm, as Chris has already, that there is no change at all to the proportion of cash from loan redemptions being distributed to withdrawal requests versus before the aftermarket went live.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Sept 11, 2020 17:39:34 GMT
It's what it feels like that matters, and it feels like distributions have been reduced since the SM went live. I think it's more likely that tranche drawdowns are exceeding redemptions as development sites get back to normal.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Sept 11, 2020 19:32:31 GMT
Good question for the new 'Ask Our Panel' feature to be announced in a few days. I can confirm, as Chris has already, that there is no change at all to the proportion of cash from loan redemptions being distributed to withdrawal requests versus before the aftermarket went live. With respect that is not the point. It seems that the withdrawals have slowed since the SM was introduced and so the performance of the Access accounts has become worse - in that Access to cash has worsened and we are driven more to discounting if we need the cash. The fact that the proportion has not changed does not help. Why not increase the proportion distributed to maintain withdrawals? That would help.
|
|
johni
Member of DD Central
Posts: 369
Likes: 329
|
Post by johni on Sept 11, 2020 20:38:20 GMT
Good question for the new 'Ask Our Panel' feature to be announced in a few days. I can confirm, as Chris has already, that there is no change at all to the proportion of cash from loan redemptions being distributed to withdrawal requests versus before the aftermarket went live. With respect that is not the point. It seems that the withdrawals have slowed since the SM was introduced and so the performance of the Access accounts has become worse - in that Access to cash has worsened and we are driven more to discounting if we need the cash. The fact that the proportion has not changed does not help. Why not increase the proportion distributed to maintain withdrawals? That would help. What is actually happening is loans due to repay differ in number each week. So if only 1 loan replays you will get 1 distribution. Nothing to do with secondary market. After 6 months of stats on repayments this is obvious some weeks pay more than others
|
|
|
|
Post by stuartassetzcapital on Sept 12, 2020 8:47:50 GMT
Good question for the new 'Ask Our Panel' feature to be announced in a few days. I can confirm, as Chris has already, that there is no change at all to the proportion of cash from loan redemptions being distributed to withdrawal requests versus before the aftermarket went live. With respect that is not the point. It seems that the withdrawals have slowed since the SM was introduced and so the performance of the Access accounts has become worse - in that Access to cash has worsened and we are driven more to discounting if we need the cash. The fact that the proportion has not changed does not help. Why not increase the proportion distributed to maintain withdrawals? That would help. The amount of new investor cash that would have purchased from others at par to create par withdrawals will now be purchasing at the best discount available. That sum is very modest and would represent the only change to the level of par withdrawals from before to after the marketplace going live. There was a rush of redemptions recently as they aren’t steady but recent weeks have been slow again but are expected to have more surges in coming months.
|
|
alender
Member of DD Central
Posts: 985
Likes: 687
|
Post by alender on Sept 12, 2020 9:30:39 GMT
With respect that is not the point. It seems that the withdrawals have slowed since the SM was introduced and so the performance of the Access accounts has become worse - in that Access to cash has worsened and we are driven more to discounting if we need the cash. The fact that the proportion has not changed does not help. Why not increase the proportion distributed to maintain withdrawals? That would help. The amount of new investor cash that would have purchased from others at par to create par withdrawals will now be purchasing at the best discount available. That sum is very modest and would represent the only change to the level of par withdrawals from before to after the marketplace going live. There was a rush of redemptions recently as they aren’t steady but recent weeks have been slow again but are expected to have more surges in coming months. Thanks for the info it is good that you are engaging with the people on the forum.
Would it be possible to have the figures so we can work out how much/little the SM has affected withdrawals, also would be good to know if the numbers in the withdrawal queue as this will also effect the withdrawals. The figures should be at regular intervals say weekly or monthly to give a rounded view to show the effect of the SM on withdrawals.
This is against a background of returning confidence as the effect of Covid is reduced and AC survival looks more likely especially in the light of the CBILS so I would have expected the inflows to have increased if the SM was not introduced.
|
|
|
|
Post by davee39 on Sept 12, 2020 11:03:15 GMT
I do not think the above requested data is relevant or useful.
It would be an optimal strategy for someone who wants to remain invested to be in the withdrawal queue and then buy back in at a discount.
The important data is the discount trend. In the absence of a zero cost exit the calculation for new investment combines a view on the interest rate
and future discount trends. If confidence in the stability of the value of the accounts security recovers the discounts should fall.
My current strategy is to use the monthly interest to 'fund' modest weekly withdrawals, forgoing the interest but maintaining the capital.
With the current state of the economy I expect interest rates to be suppressed for several years, which meands the access accounts could still be attractive
in the long term.
For new investment to be attracted at least some of the redemptions will need to go into new loans to help maintain diversity and the provision fund. A 12 month loan
with retained interest provides a useful income stream. Pf strengthening would also help reduce the discount.
|
|
ian
Posts: 342
Likes: 226
|
Post by ian on Sept 12, 2020 11:46:24 GMT
I do not think the above requested data is relevant or useful. It would be an optimal strategy for someone who wants to remain invested to be in the withdrawal queue and then buy back in at a discount. The important data is the discount trend. In the absence of a zero cost exit the calculation for new investment combines a view on the interest rate and future discount trends. If confidence in the stability of the value of the accounts security recovers the discounts should fall. My current strategy is to use the monthly interest to 'fund' modest weekly withdrawals, forgoing the interest but maintaining the capital. With the current state of the economy I expect interest rates to be suppressed for several years, which meands the access accounts could still be attractive in the long term. For new investment to be attracted at least some of the redemptions will need to go into new loans to help maintain diversity and the provision fund. A 12 month loan with retained interest provides a useful income stream. Pf strengthening would also help reduce the discount. Of course it’s relevant not least as it gives an indication of when the access accounts are going to become what they are marketed as “Term Accounrs” If zero funds (relatively) have flowed into them then unless there is a C change in strategy by AC they will not return to be Term accounts for a number of years.
|
|
iann
Posts: 105
Likes: 86
|
Post by iann on Sept 16, 2020 20:03:52 GMT
Loan #1259 has repaid £142K
Loan #1273 has repaid £125K
Between them, loans #834 and #1174 have repaid £264K
Edit: loan #803 has repaid £30K
Loan #803 has repaid another £20k
|
|
