ian
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Post by ian on Feb 6, 2021 8:00:08 GMT
I make it £15m paid out in AAs this weekend. Is that net ie was it £30m with £15m Re invested or £15m with £7.5m Re invested
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johns
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Post by johns on Feb 6, 2021 12:02:10 GMT
Payout happened over night. Got back £26k, almost exactly 20% of portfolio. Small hat-tip to Assetz, they have made a number of false-steps over the past year but they are getting something of their act together. Put the first repayments and all my RateSetter cash into emerging market funds and Fidelity China Special Opportunities- up 2.6% in under a month- so feeling a lot happier than a couple of months ago (kiss of death for equity performance from here on!). I got 18.125....% from the QAA, in 2 chunks 9 minutes apart.
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iRobot
Member of DD Central
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Post by iRobot on Feb 6, 2021 12:49:36 GMT
Credit where credit's due, back in Dec'20 AC committed to upping up the rate of repayments to AA lenders looking to withdraw, and they delivered on that commitment. From this thread, average daily payment received by month per £10k of holding. | Jun '20 | 3.60 | Sep '20 | 3.88 | Dec '20 | 6.61 | Mar '21 | - | | Jul '20 | 8.65 | Oct '20 | 5.38 | Jan '21 | 36.71 | Apr '21 | - | | Aug '20 | 8.61 | Nov '20 | 3.27 | Feb '21 | - | May '21 | - |
Quite the uplift and February shaping up to be even better. |
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iRobot
Member of DD Central
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Post by iRobot on Feb 6, 2021 12:56:20 GMT
Payout happened over night. Got back £26k, almost exactly 20% of portfolio. Small hat-tip to Assetz, they have made a number of false-steps over the past year but they are getting something of their act together. Put the first repayments and all my RateSetter cash into emerging market funds and Fidelity China Special Opportunities- up 2.6% in under a month- so feeling a lot happier than a couple of months ago (kiss of death for equity performance from here on!). I got 18.125....% from the QAA, in 2 chunks 9 minutes apart. Ditto, exactly the same; smaller sum followed by a larger sum 9mins later representing in total 18.125% of the previous balance.
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dead-money
Rocket to the Moon
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Post by dead-money on Feb 6, 2021 13:44:30 GMT
Credit where credit's due, back in Dec'20 AC committed to upping up the rate of repayments to AA lenders looking to withdraw, and they delivered on that commitment. From this thread, average daily payment received by month per £10k of holding. | Jun '20 | 3.60 | Sep '20 | 3.88 | Dec '20 | 6.61 | Mar '21 | - | | Jul '20 | 8.65 | Oct '20 | 5.38 | Jan '21 | 36.71 | Apr '21 | - | | Aug '20 | 8.61 | Nov '20 | 3.27 | Feb '21 | - | May '21 | - |
Quite the uplift and February shaping up to be even better. So someone who had just sat tight with a £40,000 at par repayment request for the last eleven months, would to date have received ~37% of their money back. 63% still outstanding.
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Post by df on Feb 6, 2021 18:36:39 GMT
Credit where credit's due, back in Dec'20 AC committed to upping up the rate of repayments to AA lenders looking to withdraw, and they delivered on that commitment. From this thread, average daily payment received by month per £10k of holding. | Jun '20 | 3.60 | Sep '20 | 3.88 | Dec '20 | 6.61 | Mar '21 | - | | Jul '20 | 8.65 | Oct '20 | 5.38 | Jan '21 | 36.71 | Apr '21 | - | | Aug '20 | 8.61 | Nov '20 | 3.27 | Feb '21 | - | May '21 | - |
Quite the uplift and February shaping up to be even better. So someone who had just sat tight with a £40,000 at par repayment request for the last eleven months, would to date have received ~37% of their money back. 63% still outstanding. And the outstanding sum is earning 4% interest. Much better arrangement than we have on LW. Worked out well for me as I didn't want to exit, but needed approx 20% reduction of my AC funds to get in line with my overall p2p reduction.
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ian
Posts: 342
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Post by ian on Feb 6, 2021 20:32:45 GMT
So someone who had just sat tight with a £40,000 at par repayment request for the last eleven months, would to date have received ~37% of their money back. 63% still outstanding. And the outstanding sum is earning 4% interest. Much better arrangement than we have on LW. Worked out well for me as I didn't want to exit, but needed approx 20% reduction of my AC funds to get in line with my overall p2p reduction. Horses for courses probably spent approx £1500 to get out £125k and lost 1% interest to put £125k into 1st charge loans all < 50% LTV in Somo at an average 9% pa; so I broke even in 3 months, and I was happy to be in a better product imho. Ultimately we will see. Pleased nobody in AAs had lost money ... different story for those in GBBA & manual lending where the dodgy valuations have cost investors dearly.
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Post by jasonnewman on Feb 7, 2021 0:33:39 GMT
Obviously welcome to get 2 big payments back....the jury is still out on getting all of the money back. More work for AC to do to recover balance of funds.
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ashtondav
Member of DD Central
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Post by ashtondav on Feb 7, 2021 10:19:56 GMT
But if you have that much doubt about the “jury” you can get your money out at 0.1% and have made decent interest over the last year. Much better than the 0.5% at the BS.
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Post by gobuchul on Feb 7, 2021 10:26:07 GMT
But if you have that much doubt about the “jury” you can get your money out at 0.1% and have made decent interest over the last year. Much better than the 0.5% at the BS. Quite right. Going on about the risks of remaining invested and the quality of the loan book when you can exit at 0.1% is just trolling.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,057
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Post by dave4 on Feb 7, 2021 10:26:36 GMT
Obviously welcome to get 2 big payments back....the jury is still out on getting all of the money back. More work for AC to do to recover balance of funds. I do believe AC uncanny ability to pick security that is adversely affected by in AC's own words a "micro climate" when there is a issue will be there mill stone.
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ian
Posts: 342
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Post by ian on Feb 7, 2021 13:01:05 GMT
But if you have that much doubt about the “jury” you can get your money out at 0.1% and have made decent interest over the last year. Much better than the 0.5% at the BS. Quite right. Going on about the risks of remaining invested and the quality of the loan book when you can exit at 0.1% is just trolling. That is true of the AAs however not the GBBAs
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Post by gobuchul on Feb 7, 2021 15:06:13 GMT
Quite right. Going on about the risks of remaining invested and the quality of the loan book when you can exit at 0.1% is just trolling. That is true of the AAs however not the GBBAs Agreed, but this thread and the post was about the AAs
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ian
Posts: 342
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Post by ian on Feb 8, 2021 9:44:27 GMT
Loan #812 has repaid £1,358K
Loan #1204 has been redeemed, £77K including interest
Big payout to the GBBA from 812
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ton27
Member of DD Central
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Post by ton27 on Feb 8, 2021 12:23:15 GMT
And the outstanding sum is earning 4% interest. Much better arrangement than we have on LW. Worked out well for me as I didn't want to exit, but needed approx 20% reduction of my AC funds to get in line with my overall p2p reduction. Horses for courses probably spent approx £1500 to get out £125k and lost 1% interest to put £125k into 1st charge loans all < 50% LTV in Somo at an average 9% pa; so I broke even in 3 months, and I was happy to be in a better product imho. Ultimately we will see. Pleased nobody in AAs had lost money ... different story for those in GBBA & manual lending where the dodgy valuations have cost investors dearly. ....but won't the GBBA holders eventually get paid by the provision funds?
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