iann
Posts: 105
Likes: 86
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Post by iann on Jan 13, 2021 0:13:42 GMT
Loan #607 has been redeemed, £192K
Loan #587: funds to redeem the loan are with the Borrower's solicitor, £353K including interest
Loan #301 has been redeemed, £53K including interest
Seems that the amounts for Loan #607 and Loan #301 are only showing as paid on 12th January despite the updates on 8th. Loan #587 is showing as paid on 11th January.
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iann
Posts: 105
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Post by iann on Jan 13, 2021 21:51:58 GMT
Loan #1259 has repaid £117K (£104.3K retail, £12.7K CBILs)
Loan #497: Borrower's solicitor has the funds to redeem the loan, £1339K including interest
Loan #497 paid out today.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Jan 18, 2021 11:22:37 GMT
Loan #973 has been redeemed, £1,367K including interest Damm, that's another decent payer gone from my MLA :-(
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,057
Likes: 617
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Post by dave4 on Jan 18, 2021 15:33:15 GMT
Indeed it dose, maybe it will be reflected in the current (and seemed stable over the weekend ) Circa 1% discount value rising ??. Very little of the mla loan book availability ££ seems to diminish at full price, or at discount (there have the odd been exception).
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Post by elephantrosie on Jan 21, 2021 11:13:37 GMT
my invested money has been in queue for over 5 months
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Post by englebert69 on Jan 21, 2021 11:54:35 GMT
Ditto here at Par/no discount from last March. If you need cash you have to give discount currently 0.7%, i.e. lose 0.7% of amount withdrawn.
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ceejay
Posts: 975 
Likes: 1,149
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Post by ceejay on Jan 21, 2021 16:25:51 GMT
my invested money has been in queue for over 5 months If you have queued up a withdrawal at par with the serious expectation of getting your cash out then I would respectfully suggest that you reconsider your strategy! There is simply no market of buyers willing to buy at par, so you can't sell. But people have been getting out at around 0.6% discount recently, and there is a reasonable prospect that it might drop another fraction at the beginning of the month as interest payments get recycled. Worth pointing out that over the last 5 months you'll have received in the order of 1.5% interest, which you might choose to envisage as offsetting the exit discount.
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Post by elephantrosie on Jan 21, 2021 19:14:08 GMT
my invested money has been in queue for over 5 months If you have queued up a withdrawal at par with the serious expectation of getting your cash out then I would respectfully suggest that you reconsider your strategy! There is simply no market of buyers willing to buy at par, so you can't sell. But people have been getting out at around 0.6% discount recently, and there is a reasonable prospect that it might drop another fraction at the beginning of the month as interest payments get recycled. Worth pointing out that over the last 5 months you'll have received in the order of 1.5% interest, which you might choose to envisage as offsetting the exit discount. thanks, might do that!
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cb25
Posts: 3,528
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Post by cb25 on Jan 24, 2021 14:12:11 GMT
For the first time in a while, I calculated the cash portion of my Access Accounts - 20.32%. Seems high. If the Access Accounts hold £200million+ (latest stats show £209m), that would mean £40m in cash. Time for AC to restart new lending and/or return more to Lenders.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Jan 24, 2021 15:00:33 GMT
How much of that is set aside for bad debt provisions though, in addition to the remaining future tranches of non CBILS loans?
Didn't the last AC communique state that there was an additional £9M of deliquents loans in Access Accounts since March 2020?
Three of the ten largest AA holdings are unfinished new build developments in administration and receivership with capital values downgraded already.
(Past experience suggests that downgrading will continue rather than improve)
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ian
Posts: 342
Likes: 226
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Post by ian on Jan 24, 2021 17:34:19 GMT
Ditto. Did the numbers a few days ago and came up with the same whopping £40m. I decided against highlighting it as it’ll no doubt enrage some Access Account holders. It did highlight the omission of any boosterism from AC and the lack of any active strategy emerging. For a few months at least I can only see the continuing trend of redemptions plus we must be at the point with MLA discounts largely exhausted that an increasing chunk of any MLA purchases are from AA holdings. Call me a cynic however I suspect a good £20m of that will be earmarked for purchasing loan parts in good loans in the GBBA turning investors returns from 7/6.25% to 3%.
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iann
Posts: 105
Likes: 86
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Post by iann on Jan 25, 2021 20:47:43 GMT
Loan #1196 has repaid £375k
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ian
Posts: 342
Likes: 226
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Post by ian on Jan 26, 2021 6:41:24 GMT
Approx 1.3% of my GBBA2 loans sold last night presumably into the access accounts.
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iann
Posts: 105
Likes: 86
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Post by iann on Jan 26, 2021 6:55:35 GMT
Loan #1196 has repaid £375k Overnight there was a payout of about £5.18 per £10K in each AA
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Jan 26, 2021 9:01:44 GMT
It would be nice to recieve an update from AC just to let us know what future plans are.
Unless I've missed something the last was about the fee.
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