dead-money
Rocket to the Moon
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Post by dead-money on Jun 14, 2020 17:41:43 GMT
Probably waiting for a number which isn't measured in Decades... If I'm not mistaken, all of the money invested in Assetz Capital is loaded out to specific borrowers and pretty much all these borrowers have taken out loans for a period of five years or less. So in theory, all of our money should be repaid within five years of the beginning of the coronavirus crisis. Yes, this viewpoint is overly simplistic because some borrowers may default on their loans or receive loan extensions, but I do think we can realistically expect to receive the vast majority of our funds in the next few years. To simply uplift the current rate of repayment across the remaining balance of withdrawal requests would be misleading because the economy is likely to recover and access to cash (and thereby sources of refinancing for borrowers) is likely to increase as we find a way out of the coronavirus pandemic. Yep, large dose of sarcasm in that post... But if they were to extrapolate the current trend from last three months, I would be looking at ten years or more.
Remember 20% or more of the Access Accounts are in deliquent loans and if no new loans were to be issued then it would only become more focused on defaults with low recovery expectations.
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cb25
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Post by cb25 on Jun 15, 2020 8:01:08 GMT
Loan #1273 has repaid £122K Loan #895 has repaid £163K
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puddleduck
Member of DD Central
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Post by puddleduck on Jun 15, 2020 9:43:09 GMT
#1139 has redeemed in full, 160k.
However access account exposure seems very low, so this repayment will only generate a small repayment, if any.
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cb25
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Post by cb25 on Jun 19, 2020 7:19:31 GMT
Loan #663 has repaid £127K
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iann
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Post by iann on Jun 22, 2020 8:20:06 GMT
Loan #895 has repaid another £163K
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puddleduck
Member of DD Central
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Post by puddleduck on Jun 23, 2020 13:49:54 GMT
#621 has paid back £400k today.
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Post by honda2ner on Jun 23, 2020 14:11:23 GMT
As it's a 5% interest loan I would expect the lions share of that 400k repayment to go back to the Access Accounts which might put a smile on some faces. Intrigued to find out what everyone actually gets.
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r00lish67
Member of DD Central
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Post by r00lish67 on Jun 23, 2020 14:50:22 GMT
As it's a 5% interest loan I would expect the lions share of that 400k repayment to go back to the Access Accounts which might put a smile on some faces. Intrigued to find out what everyone actually gets. If my calcs are correct, then if they paid back every penny into the QAA from the repayment then everyone would get back 0.17% of their investment. If they do. As an aside, does anyone who is paying closer attention know what sort of proportion Assetz have been taking to reinvest from repayments? Is there any consistency to it?
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dead-money
Rocket to the Moon
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Post by dead-money on Jun 24, 2020 8:32:29 GMT
As it's a 5% interest loan I would expect the lions share of that 400k repayment to go back to the Access Accounts which might put a smile on some faces. Intrigued to find out what everyone actually gets. If my calcs are correct, then if they paid back every penny into the QAA from the repayment then everyone would get back 0.17% of their investment. If they do. As an aside, does anyone who is paying closer attention know what sort of proportion Assetz have been taking to reinvest from repayments? Is there any consistency to it? Nothing repaid to Access Accounts on 23rd June.
As regards future funding, it's impossible to predict. All future tranches need funding from cash in the Access accounts.
AC are presumably trying to predict when drawdowns will be requested and balancing that against possible return of capital.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Jun 24, 2020 8:38:11 GMT
£0
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puddleduck
Member of DD Central
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Post by puddleduck on Jun 24, 2020 8:43:46 GMT
If my calcs are correct, then if they paid back every penny into the QAA from the repayment then everyone would get back 0.17% of their investment. If they do. As an aside, does anyone who is paying closer attention know what sort of proportion Assetz have been taking to reinvest from repayments? Is there any consistency to it? Nothing repaid to Access Accounts on 23rd June.
The 400k repayment hasn't processed yet for #621 as the Access Account holding hasn't changed. Probably will be today,
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Post by giammy on Jun 25, 2020 10:25:19 GMT
not a penny since 22/06/2020, 22:35
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cb25
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Post by cb25 on Jun 25, 2020 13:06:04 GMT
Loan 615 has repaid £359K today, which appears to have generated a payout of approx £3.93 per £10K invested.
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Post by Ton ⓉⓞⓃ on Jun 25, 2020 19:42:21 GMT
If my calcs are correct, then if they paid back every penny into the QAA from the repayment then everyone would get back 0.17% of their investment. If they do. As an aside, does anyone who is paying closer attention know what sort of proportion Assetz have been taking to reinvest from repayments? Is there any consistency to it? Nothing repaid to Access Accounts on 23rd June.
As regards future funding, it's impossible to predict. All future tranches need funding from cash in the Access accounts.
AC are presumably trying to predict when drawdowns will be requested and balancing that against possible return of capital.
My Bold.
I don't really know how it all works but AC did get £15mm a while back from HMT or HMRC with conditions to be loaned. I'd guess a certain amount must be coming from there too to fund some of these loans - but there are so many unknowns.
Banks have to have certain tier 1 capital levels, AC seems to have evolved MOL to which it is working to. How the latter is calc-ed is not known to me.
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cb25
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Post by cb25 on Jun 26, 2020 9:26:22 GMT
Loan #1171 has been redeemed, a modest £75K but it all helps
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