picnicman
Member of DD Central
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Post by picnicman on Aug 4, 2020 10:27:52 GMT
Loan #578 has repaid £147K, awaiting distribution
Loan #848 has been redeemed, £4.621M, awaiting distribution
Loan #959 has been redeemed, £338K, awaiting distribution
Loan #1053 has repaid £160K, awaiting distribution
Loan #1268 has repaid £817K, awaiting distribution
Total £6.083M 
848 was one of my (I assume everyones) largest holding in the QAA, so hopefully it will translate into a decent repayment. - no repayments yet as trading in AA is paused per the e mail of 31/7 and so repayments will not be enacted on Access Accounts until the trading facility is launched, hopefully later this week? Assuming I have read it correctly Cheers P
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blender
Member of DD Central
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Post by blender on Aug 4, 2020 10:43:37 GMT
Assetz took £70,000 money from our cash account without our permission and so called invested it on QAA on many bad lawns. Now they are changing the QAA to market place meaning that we have to sell the lawns to get our money back but we can't sell the lawns that the treading have been suspended on them !! How could Assetz invest our money on suspended lawns??? Suspended means suspended! Suspended lawns? Holy Astroturf! How can they justify that?
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SteveT
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Post by SteveT on Aug 4, 2020 10:57:25 GMT
Assetz took £70,000 money from our cash account without our permission and so called invested it on QAA on many bad lawns. Now they are changing the QAA to market place meaning that we have to sell the lawns to get our money back but we can't sell the lawns that the treading have been suspended on them !! How could Assetz invest our money on suspended lawns??? Suspended means suspended! Suspended lawns? Holy Astroturf! How can they justify that? Happily, at least treading on the suspended lawns is also suspended. Otherwise we might have serious elf & safety issues!
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Post by Ace on Aug 4, 2020 11:12:38 GMT
Suspended lawns? Holy Astroturf! How can they justify that? Happily, at least treading on the suspended lawns is also suspended. Otherwise we might have serious elf & safety issues! Let's hope no-one grasses them up to the FCA.
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iann
Posts: 105
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Post by iann on Aug 4, 2020 11:59:03 GMT
Happily, at least treading on the suspended lawns is also suspended. Otherwise we might have serious elf & safety issues! Let's hope no-one grasses them up to the FCA. Surely the ESE (Elf & Safety Executive)?
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puddleduck
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Post by puddleduck on Aug 4, 2020 12:19:51 GMT
Is it possible to calculate the estimated payout on these per 10k invested in the AA?At first sight, it looks like we could be in line for one of the biggest payouts since instant repayment was withdrawn. Not that I'm aware of. I've been wrong whenever I tried to calculate, but for #844 I think we are due a hefty repayment - somewhere between £85 and £115 per 10k wouldn't surprise me, due to the high exposure the AAs have to this loan. I've found no way to calculate it to any more than a 'finger in the air' figure though.
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rscal
Posts: 985
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Post by rscal on Aug 4, 2020 12:31:44 GMT
Suspended lawns? Holy Astroturf! How can they justify that? Happily, at least treading on the suspended lawns is also suspended. Otherwise we might have serious elf & safety issues! As they say of novice investors sometimes in Canada the North East: 'How Greene is your Lorne?'
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Post by hornetbrad on Aug 4, 2020 12:50:13 GMT
I've been wrong whenever I tried to calculate, but for #844 I think we are due a hefty repayment - somewhere between £85 and £115 per 10k wouldn't surprise me, due to the high exposure the AAs have to this loan. I've found no way to calculate it to any more than a 'finger in the air' figure though. Unless I'm misunderstanding something, I usually check this in the Marketplace - change the slider so that it DOESN'T say "Only Show MLA Holdings", enter the loan number in the search box and it will then show your total AA exposure to that loan. If you click through to the loan, uncheck "Manual Lending Only" to show the breakdown of your AA/QAA exposure. It's trickier if it's an interest payment or partial capital repayment, especially with the possibility of loaning out further tranches - for these, it's usually an approximate percentage (ie if they redeem half the capital, then I'll get around half my exposure back). But for #848, it's a full repayment so presumably almost 100% of my current AA exposure should come back to me, no? Admittedly, #848 has now been removed from Marketplace (presumably because it's now fully redeemed) but I made a note of my exposure before that happened and my figures show around £120 per 10k.
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Post by Harland Kearney on Aug 4, 2020 13:23:13 GMT
If that were true, you'd have strong grounds for complaint & redress. However, I strongly suspect you actually had opted to enable the "Invest Idle Funds" feature which swept your idle cash into the QAA for investment. I dare say that Assetz will have a record of the date and time that the "Invest Idle Funds" instruction was enabled on your Cash account. No, it was turned off at 8.30 PM the night before they disabled it. Furthermore Assetz did not warn the lenders that they were planning to do this any way. They claim that they announced it on their blog !!!  ) That is not accepted form of communicating with investors by ombudsman's standard ... But Assetz still took the money. It is now in the hands of financial ombudsman. It should not be forgotten that Assetz invest lender's money on bad lawn that they can't sell later, and hold on to their money for many years. <mod redacted> Ironically Assetz Capital really disabled trading too late, many lenders (who were repaid later on individally in a months time, I believe Mikeme was one of those investors) withdrew money on the 12th before 8:30 PM made bank withdrawal requests which then got reverted back to the QAA a few days later. If anything the complaint should be they turned it off too late not too early! Reguardless, I don't wanna deconstruct your paragraph. Clearly you will just reply with more nonsense. I'll get off your lawn now 
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puddleduck
Member of DD Central
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Post by puddleduck on Aug 4, 2020 13:35:53 GMT
I've been wrong whenever I tried to calculate, but for #844 I think we are due a hefty repayment - somewhere between £85 and £115 per 10k wouldn't surprise me, due to the high exposure the AAs have to this loan. I've found no way to calculate it to any more than a 'finger in the air' figure though. Are your estimates based on some percentage of your AA holdings in the loan (£s per £10K invested)? Yes, I look at my AA holding of that loan vs my AA account total as a starting point to try to see how heavily invested the AA might be in that particular loan. But honestly my figures whenever I've predicted haven't been very accurate, sort of adjacent to the ballpark on a good day!
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ian
Posts: 342
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Post by ian on Aug 4, 2020 14:05:22 GMT
Are your estimates based on some percentage of your AA holdings in the loan (£s per £10K invested)? Yes, I look at my AA holding of that loan vs my AA account total as a starting point to try to see how heavily invested the AA might be in that particular loan. But honestly my figures whenever I've predicted haven't been very accurate, sort of adjacent to the ballpark on a good day! I have to say I have found your posts reasonably accurate and very helpful. I’m not sure however that the latest announcement (Friday) will curtail capital repayments as we knew them - lets hope not.
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slippery
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Post by slippery on Aug 4, 2020 15:21:20 GMT
"It should not be forgotten that A***** invest lender's money on bad lawn that they can't sell later, and hold on to their money for many years. That is <mod redacted>."
Don't want to spoil the fun, but on an open part of a public forum, is zeddy's post some sort of libel?
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ceejay
Posts: 975
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Post by ceejay on Aug 4, 2020 15:32:21 GMT
"It should not be forgotten that A***** invest lender's money on bad lawn that they can't sell later, and hold on to their money for many years. That is some sort of ****."
Don't want to spoil the fun, but on an open part of a public forum, is zeddy's post some sort of libel? Don't want to spoil your fun either but, yes it is, and repeating it also counts as libellous...
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iRobot
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Post by iRobot on Aug 4, 2020 15:36:09 GMT
"It should not be forgotten that A***** invest lender's money on bad lawn that they can't sell later, and hold on to their money for many years. That is some sort of ****."
Don't want to spoil the fun, but on an open part of a public forum, is zeddy's post some sort of libel? Don't want to spoil your fun either but, yes it is, and repeating it also counts as libellous... I think under current law, as a digital medium, it's more often treated as akin to the spoken word and would be regarded as slander. (Although even that is considered outdated and defamation is, I think, more prevalent?) Somewhere, I used have a guide for those maintaining a public digital presence. I'll see if I can dig it out.
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slippery
Member of DD Central
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Post by slippery on Aug 4, 2020 16:08:24 GMT
"It should not be forgotten that A***** invest lender's money on bad lawn that they can't sell later, and hold on to their money for many years. That is some sort of ****."
Don't want to spoil the fun, but on an open part of a public forum, is zeddy's post some sort of libel? Don't want to spoil your fun either but, yes it is, and repeating it also counts as libellous... That's why I used asterisks - but I see stardust has kindly weeded the dandelions from my lawn edited my post.
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) That is not accepted form of communicating with investors by ombudsman's standard ... But Assetz still took the money. It is now in the hands of financial ombudsman. It should not be forgotten that Assetz invest lender's money on bad lawn that they can't sell later, and hold on to their money for many years. <mod redacted> 
