alender
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Post by alender on Nov 12, 2020 11:43:03 GMT
I guess I come back to the question I have asked Stuart on several occasions “ At what date do you envisage all redeemed capital will be returned to investors rather than used to fund further tranches/ new lending.” .... at which point he disappears off the site back a couple of weeks later to move on to another topic😀 One of the questions I keep asking Stuart is what are your intentions for our cash in the AAs but as usual I get a deafening silence, the amount of cash in the AAs seems excessive for future loan tranches but we cannot know for sure without the data which again AC refuse to supply. If this cash was paid out to the AA investors the interest rate could be increased as the income into the accounts will remain the same but the capital decreased, also it will reduce the discounts as some of this cash will be recycled back into the AAs. Who knows, perhaps the AAs will actually have a resemblance of Access.
I believe it is AC's intention to keep a lot of this cash to build a war chest to restart lending, I will try again, Stuart please tell us what you intend to do with our cash, after all it is our money. If this is the case and new lending is started as has been mentioned by AC this does not feel right that Access Accounts will be locked not due to lack of funds for repayments but so AC can generate new business and fees for itself.
I like a previous poster who is also a large investor have lost all trust in AC not because of the lock in but because the way it is being handled and the hubris shown by AC, they seem to believe once they have got your money they can do with it as they like, if it not in the T&Cs they change the T&Cs and somehow this makes it OK.
If AC wish to show some respect to existing investors answer our questions and give us the data, what would he good is a video conference session with questions and answers, however there is no chance they will face their investors, just send out some propaganda and answer only the easiest of questions.
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iann
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Post by iann on Nov 17, 2020 18:07:23 GMT
Loan #663 has repaid £95.8k today
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rscal
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Post by rscal on Nov 18, 2020 15:06:50 GMT
Overnight there was a payout of £2.39 per £10K in each AA
Loan #663 has repaid £204K
Just £547K remaining. The only reason I mention that is I had lately sold my remaining stake and am sitting on accrued interest (so, a largish static figure to 'worry' about)
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warn
Member of DD Central
Curmudgeon
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Post by warn on Nov 24, 2020 11:36:00 GMT
Overnight there was a payout of £7.30 per £10K in each AA
Loan #1118 has repaid £210K
Loan #1259 has repaid £287K
Can I just say, lest you be in any doubt, how useful I (and I'm sure many others) find these bulletins of yours. Big thanks for the effort.
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cb25
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Post by cb25 on Nov 25, 2020 9:06:07 GMT
Overnight there was a payout of £7.08 per £10K in each AA
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cb25
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Post by cb25 on Nov 27, 2020 8:49:15 GMT
Loan #864 has repaid £420K
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cb25
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Post by cb25 on Nov 28, 2020 8:22:03 GMT
Overnight there was a payout of £5.52 per £10K in each AA
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Post by Harland Kearney on Nov 28, 2020 17:54:42 GMT
If you sold a inital investment at a loss though the SM, does anybody know where this comes under tax return relief for?
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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
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Post by ilmoro on Nov 28, 2020 19:15:48 GMT
If you sold a inital investment at a loss though the SM, does anybody know where this comes under tax return relief for? If eligible CGT but eligibility is complicated when it comes to buying & selling loans as not all qualify so tax advice would be required.
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pikestaff
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Post by pikestaff on Nov 30, 2020 12:21:59 GMT
If you sold a inital investment at a loss though the SM, does anybody know where this comes under tax return relief for? If eligible CGT but eligibility is complicated when it comes to buying & selling loans as not all qualify so tax advice would be required. I'm pretty sure there is no relief, if you are lending as an individual.
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iann
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Post by iann on Nov 30, 2020 15:41:51 GMT
Loan #947 has repaid £527K Loan #951 has been redeemed, £458K plus interest.
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ian
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Post by ian on Dec 8, 2020 8:50:42 GMT
Overnight there was a payout of £16.33 per £10K in each AA Thankyou once again for the info / Maybe you could enlighten me as to how much AC are holding back. By my reckoning circa £76.50 / £10,000 should have been distributed had there been no MLA funding £1.622m / £212m or 0.76% of your holding in the AA’s have you got the detail of the MLA funding and therefore the % of redeemed capital returned to capital & that needlessly retained by AC?
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cb25
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Post by cb25 on Dec 8, 2020 9:05:00 GMT
Overnight there was a payout of £16.33 per £10K in each AA Thankyou once again for the info / Maybe you could enlighten me as to how much AC are holding back. By my reckoning circa £76.50 / £10,000 should have been distributed had there been no MLA funding £1.622m / £212m or 0.76% of your holding in the AA’s have you got the detail of the MLA funding and therefore the % of redeemed capital returned to capital & that needlessly retained by AC? Sorry, don't know.
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ian
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Post by ian on Dec 8, 2020 9:21:53 GMT
The AAs probably held a bit closer to half of the combined #828, #864, #129 than all of it. Certainly for the one still running - #828 - the AAs hold about 60% of it. At a guesstimate I’d put the cash available from those three redemptions @circa £50k per £10k or circa £1m per AA book. Cheers pal ... if we are to believe AC they now have sufficient cash to cover anticipated losses and future tranches; therefore they are merely retaining investors cash to maintain a business the vast majority no longer have any faith in.
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dead-money
Rocket to the Moon
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Post by dead-money on Dec 8, 2020 10:00:16 GMT
Ah Stuart's tame PR firm...
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