ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
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Post by ilmoro on Jul 27, 2020 20:16:56 GMT
In other news: Seedr's have amended their secondary market to allow up to 30% premium or discount to the marked price on trades to improve liquidity.
So at least I can buy and sell Assetz Capital shares at a fair price now....  Are AC on the secondary market? No, ineligible due the recent raise still being processed
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Post by nbk on Jul 28, 2020 11:42:58 GMT
I'm not sure Seedrs are making any estimate on the value of Assetz's shares. If you are looking at your portfolio and seeing the Change(%) for Assetz shares set at 116.1% then I think that is just reflecting the change in share price over the years from £1.09 to the current £2.35 price In other news: Seedr's have amended their secondary market to allow up to 30% premium or discount to the marked price on trades to improve liquidity.
So at least I can buy and sell Assetz Capital shares at a fair price now.... Hello over there,
This is not a trap or anything but what do you consider a fair price?
Seeders reckons AC is about 16% over £2.35. Not that their opinion matters.
(you will probably get them for £2.35)
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iRobot
Member of DD Central
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Post by iRobot on Jul 31, 2020 20:20:23 GMT
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agent69
Member of DD Central
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Post by agent69 on Jul 31, 2020 20:53:52 GMT
we’re delighted to announce that we intend to launch our Access Account Marketplace next week.
Don't all rush at once
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Post by Duane Dibley on Aug 1, 2020 7:54:15 GMT
Oh great, another race to the bottom.
Withdrawals may have been slow but at least they've been steady, and nobody should have expected instant access for ever.
Once people start discounting and queue jumping everybody else gets pushed to the back, so if you want to see your money again sometime in your lifetime it's all aboard the discount train.
Nice one AC (again).
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mrsb
Posts: 196
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Post by mrsb on Aug 1, 2020 8:13:18 GMT
Oh great, another race to the bottom. Withdrawals may have been slow but at least they've been steady, and nobody should have expected instant access for ever. Once people start discounting and queue jumping everybody else gets pushed to the back, so if you want to see your money again sometime in your lifetime it's all aboard the discount train. Nice one AC (again). I don't think you can call it. Lets see what happens eh! I assume the par payments will continue as before when loans pay back. Perhaps Pte. Frazer rather than Duane Dibley?
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SteveT
Member of DD Central
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Post by SteveT on Aug 1, 2020 8:15:19 GMT
Oh great, another race to the bottom. Withdrawals may have been slow but at least they've been steady, and nobody should have expected instant access for ever. Once people start discounting and queue jumping everybody else gets pushed to the back, so if you want to see your money again sometime in your lifetime it's all aboard the discount train. Nice one AC (again). No, the "slow and steady" payments you've been getting are capital repayments from borrowers, not sales to other AA lenders, so the new marketplace won't affect them.
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Post by Duane Dibley on Aug 1, 2020 8:38:05 GMT
Oh great, another race to the bottom. Withdrawals may have been slow but at least they've been steady, and nobody should have expected instant access for ever. Once people start discounting and queue jumping everybody else gets pushed to the back, so if you want to see your money again sometime in your lifetime it's all aboard the discount train. Nice one AC (again). I don't think you can call it. Lets see what happens eh! I assume the par payments will continue as before when loans pay back. Perhaps Pte. Frazer rather than Duane Dibley? Indeed we will see what happens. But it seems to me that the latest shifting of the goalposts is solely for the benefit of those who thought they could treat AC as an instant access savings account and then got spooked when reality hit them straight between the eyes. Yet those of us who saw it as a long term investment where you might or might not get your money back and instant access was a goal rather than a given, but at least thought everybody would be treated the same when you did finally want access, are again left standing. And standing aside in life when everybody else is queue jumping and jostling for position just means that when you finally do get served all that remains on the table is a few crumbs and everybody else's leftovers. Enjoy!
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Post by angel19 on Aug 1, 2020 8:47:44 GMT
Worth taking a step back and remembering what this trading facility does. It simply allows somebody to trade their place in the account with somebody else, for a price. It doesn’t affect anybody else in the account. It doesn’t impact on existing at par withdrawals, it doesn’t put any more money in the access account pool, and it doesn’t take any money out of the access account pool.
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mrsb
Posts: 196
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Post by mrsb on Aug 1, 2020 8:57:37 GMT
I don't think you can call it. Lets see what happens eh! I assume the par payments will continue as before when loans pay back. Perhaps Pte. Frazer rather than Duane Dibley? Indeed we will see what happens. But it seems to me that the latest shifting of the goalposts is solely for the benefit of those who thought they could treat AC as an instant access savings account and then got spooked when reality hit them straight between the eyes. Yet those of us who saw it as a long term investment where you might or might not get your money back and instant access was a goal rather than a given, but at least thought everybody would be treated the same when you did finally want access, are again left standing. And standing aside in life when everybody else is queue jumping and jostling for position just means that when you finally do get served all that remains on the table is a few crumbs and everybody else's leftovers. Enjoy! Well - doing nothing to help yourself provides little grounds to complain about the result.
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Post by essexboy on Aug 1, 2020 9:03:28 GMT
Absolutely. Adding a secondary market has ZERO effect on those holding to maturity. If you want to hold, then just continue doing so. You’ll be in the same situation you are right now.
What this new feature does is adds a liquidity option for those who need it, plus it might spark some new money coming to the platform (to diversify the investor base), which can only be a good thing. I hope that AC will allow participation of institutional flow. Eg. Hedge funds I speak to would love to hoover up tasty discounts in private credit should they occur.
Bring it on! Its good for all and should have been implemented months back.
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Post by Duane Dibley on Aug 1, 2020 9:33:25 GMT
Indeed we will see what happens. But it seems to me that the latest shifting of the goalposts is solely for the benefit of those who thought they could treat AC as an instant access savings account and then got spooked when reality hit them straight between the eyes. Yet those of us who saw it as a long term investment where you might or might not get your money back and instant access was a goal rather than a given, but at least thought everybody would be treated the same when you did finally want access, are again left standing. And standing aside in life when everybody else is queue jumping and jostling for position just means that when you finally do get served all that remains on the table is a few crumbs and everybody else's leftovers. Enjoy! Well - doing nothing to help yourself provides little grounds to complain about the result. And what in your great wisdom do you propose that people do? Other than discount themselves and the inevitable race to the bottom that will result.
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alender
Member of DD Central
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Post by alender on Aug 1, 2020 9:36:24 GMT
The trading of AAs will slow/stop new money entering the accounts as who would invest directly when you can buy cheaper on the SM.
Also anyone with any sense who is already invested will request a withdraw of their funds so they get out at par, they can take the money elsewhere or buy back in at a discount increasing their yield and perhaps a capital gain, and then immediately request to withdraw of these funds, I explained this when the AA SM was first considered and stated the only way to stop this behaviour and further disadvantage the AA holder was to create a subordinate loan product once an AA is traded that say perhaps can not be redeemed at par until normal condition return. The exit queues will increase.
Because of AC actions in creating an SM withdraws AAs for existing AA holders.AAs will be reduced because of no new money and increased exit queues.
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mrsb
Posts: 196
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Post by mrsb on Aug 1, 2020 10:08:29 GMT
Well - doing nothing to help yourself provides little grounds to complain about the result. And what in your great wisdom do you propose that people do? Other than discount themselves and the inevitable race to the bottom that will result. What ever they feel they need to do? (I suppose I have to admit that includes "standing aside" and complaining about what then happens) As others have pointed out - the current payouts will be unaffected by the SM - Unless(!) there is (was) new money coming in, and that was forming part of the distributions (improbable IMO).
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mrsb
Posts: 196
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Post by mrsb on Aug 1, 2020 10:11:22 GMT
The trading of AAs will slow/stop new money entering the accounts as who would invest directly when you can buy cheaper on the SM.
Also anyone with any sense who is already invested will request a withdraw of their funds so they get out at par, they can take the money elsewhere or buy back in at a discount increasing their yield and perhaps a capital gain, and then immediately request to withdraw of these funds, I explained this when the AA SM was first considered and stated the only way to stop this behaviour and further disadvantage the AA holder was to create a subordinate loan product once an AA is traded that say perhaps can not be redeemed at par until normal condition return. The exit queues will increase.
Because of AC actions in creating an SM withdraws AAs for existing AA holders.AAs will be reduced because of no new money and increased exit queues.
I think you've gotta assume that anything offered on the SM will have already been in the queue.
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