ilmoro
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'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 Apr 25, 2020 17:08:02 GMT
I make it 9 loans, £6.2m
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iRobot
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Post by iRobot on Apr 25, 2020 17:17:08 GMT
Ahh... I took the Loan Principal Remaining figure(s). Might you have taken the Loan Amounts?
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ilmoro
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'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 Apr 25, 2020 18:19:43 GMT
Ahh... I took the Loan Principal Remaining figure(s). Might you have taken the Loan Amounts? Oh yes, wishful thinking 
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agent69
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Post by agent69 on Apr 25, 2020 18:35:02 GMT
Wind powered redemption from the Access accounts coming soon I guess: Dear Lenders, Funds have now been received to redeem this loan in full. As a result, trading has now been suspended and funds will be distributed to lenders accordingly. Regards Assetz Capital
Loan #355-359, #362, #363 & #558Makes me happy and I've got nominal sums in Access  p.s. apologies if already posted. My QAA account has lesss than 10p in each.
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Post by Harland Kearney on Apr 25, 2020 19:28:03 GMT
Are any of these loans held inside the Green account?
Even if the loan amounts are not held inside the AA's in a large number, the inflow of capital is a good thing in any context.
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iann
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Post by iann on Apr 26, 2020 1:04:57 GMT
Are any of these loans held inside the Green account? Even if the loan amounts are not held inside the AA's in a large number, the inflow of capital is a good thing in any context. Yes, they were available in the Green Energy account. I have holdings of #356-#360, #362, #363 and #558 in that account and #355 in MLA. They also all show in the AAs.
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alender
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Post by alender on Apr 26, 2020 8:04:18 GMT
Are any of these loans held inside the Green account? Even if the loan amounts are not held inside the AA's in a large number, the inflow of capital is a good thing in any context. Yes, they were available in the Green Energy account. I have holdings of #356-#360, #362, #363 and #558 in that account and #355 in MLA. They also all show in the AAs.
The loans Loan #355-359, #362, #363 & #558 add up to a 2.856p per £10,000 held in the QAA so not much help but it does benefit the GEA and MLA holders which can only be a good think.
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agent69
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Post by agent69 on Apr 26, 2020 8:46:42 GMT
Are any of these loans held inside the Green account? Even if the loan amounts are not held inside the AA's in a large number, the inflow of capital is a good thing in any context. It will be good if it stays on the platform, but I suspect a significant amount will be headed straight out the door.
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Post by bracknellboy on Apr 26, 2020 8:54:28 GMT
while others might consider this "good news" I consider it rotten news. I had pretty much emptied my AC coffers, barring the unsellable/defaulted plus about £1k of MLIA loans I hadn't managed to have bought before the shutters came down: with the deliberate exception of GEA and all wind loans held in the MLIA. I considered these solid.
I'd rather they were unredeemed and carried on paying out.
P.S. Mine will be heading straight out the door.
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iRobot
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Post by iRobot on Apr 26, 2020 9:56:08 GMT
Yes, they were available in the Green Energy account. I have holdings of #356-#360, #362, #363 and #558 in that account and #355 in MLA. They also all show in the AAs.
The loans Loan #355-359, #362, #363 & #558 add up to a 2.856p per £10,000 held in the QAA so not much help but it does benefit the GEA and MLA holders which can only be a good think.
For the 9 loans in question, my holdings add up to £3.157 (or 315.734p) per £10,000 held in QAA based on a near £40k holding. Either one of us has calc'd it incorrectly, or holdings aren't uniformly linear across balances?
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alender
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Post by alender on Apr 26, 2020 10:30:00 GMT
The loans Loan #355-359, #362, #363 & #558 add up to a 2.856p per £10,000 held in the QAA so not much help but it does benefit the GEA and MLA holders which can only be a good think.
For the 9 loans in question, my holdings add up to £3.157 (or 315.734p) per £10,000 held in QAA based on a near £40k holding. Either one of us has calc'd it incorrectly, or holdings aren't uniformly linear across balances?
Sorry reported this as pennies should have been £.
I have check this on my latest loan book and now get £2.8237391719 per £10,000.
You said 9 loans, however there is 8, if Include loan #360 I get £3.1573339646 which is perhaps the 9th loan.
Figures to 10dp to see how close are loan book are.
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ian
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Post by ian on Apr 26, 2020 10:52:28 GMT
The key issue for me is if an investor is presently allocated £50 in the QAA £10 in the 90day acc etc the full balance of the redemption should be allocated to there cash account. To reinvest the redeemed cash in my view is illegal.
Assetz have a responsibility to either honour the existing queues or start acting like they would do if in administration.
I would welcome any evidence that anything to the contrary has occurred, and would support collective legal action should if investors redeemed funds are potentially fraudulently allocated to other investors
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alanh
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Post by alanh on Apr 26, 2020 11:17:11 GMT
The key issue for me is if an investor is presently allocated £50 in the QAA £10 in the 90day acc etc the full balance of the redemption should be allocated to there cash account. To reinvest the redeemed cash in my view is illegal. Assetz have a responsibility to either honour the existing queues or start acting like they would do if in administration. I would welcome any evidence that anything to the contrary has occurred, and would support collective legal action should if investors redeemed funds are potentially fraudulently allocated to other investors You don't need evidence to the contrary - that is exactly what is happening via the bailout of small investors. The cash is initially allocated to your account on redemption (because every investor has the same proportional holdings of loans and cash). When a cash disbursement to all investors is made you will find that (if you are a large investor) your cash is taken out of your account and replaced with the loan portfolios of small investors. As time goes by you will find that the vast majority of your cash is given away to smaller investors leaving you with all their loans. You are currently completely locked in and being forcibly allocated others loan portfolios. I download a spreadsheet of my QAA loan portfolio every couple of days to keep a record of this.
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