tonyr
Member of DD Central
Posts: 477 
Likes: 258
|
Post by tonyr on Aug 25, 2020 8:51:53 GMT
Cat is reportedly amongst pigeons. Expect discounts to rise! See latest email from AC
I agree, I suspect the AAs have made their final transformation and are truly the new GBBA/GEIA. Next will be a renaming because after all... not so much access now!
Probably a good opportunity for some people to play a wider spread on the discounts for a few days.
Ouch. I just tried to sell, 13.5% was the best match and even then it was only £15k or so. I wish I'd sold out at 6.5% now.
|
|
cb25
Posts: 3,528
Likes: 2,668
|
Post by cb25 on Aug 25, 2020 8:57:29 GMT
Also you can't (now) invest, either immediately or to set up an instruction, if you're selling at par (or I presume at a discount). It looks like the system is being constantly tweaked. This is why I've set my interest payments (to buy at a discount) to go to an account which has no sell instructions. This could get quite messy next Tuesday (1st) if they haven't thought through everything!
This is weird.
I tried investing £1 in my IFISA 90DAA a/c (all money on withdrawal at par, most past its withdrawal dates) - rejected I tried investing £1 in my IFISA 30DAA a/c (all money on withdrawal at par, none past its withdrawal dates) - accepted
Raised this via Livechat, that I could add to one a/c but not the other. Livechat operative thought purchase shouldn't have been allowed and will get IT to look into it, with promise to email me the answer (which I'll share of course)
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Aug 25, 2020 8:58:01 GMT
I agree, I suspect the AAs have made their final transformation and are truly the new GBBA/GEIA. Next will be a renaming because after all... not so much access now!
Probably a good opportunity for some people to play a wider spread on the discounts for a few days.
Ouch. I just tried to sell, 13.5% was the best match and even then it was only £15k or so. I wish I'd sold out at 6.5% now. I sold a load at 5.5-6% As my previous posts suggested, my view was double figures discount was a more realistic price. This solidifies that view.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Aug 25, 2020 8:59:06 GMT
This is weird.
I tried investing £1 in my IFISA 90DAA a/c (all money on withdrawal at par, most past its withdrawal dates) - rejected I tried investing £1 in my IFISA 30DAA a/c (all money on withdrawal at par, none past its withdrawal dates) - accepted
Raised this via Livechat, that I could add to one a/c but not the other. Livechat operative thought purchase shouldn't have been allowed and will get IT to look into it, with promise to email me the answer (which I'll share of course) I suspect the AA Marketplace system doesn't regard 30DAA / 90DAA withdrawals as "live instructions" until their notice period has expired, at which point they join the queue
|
|
savernake
Member of DD Central
Posts: 174
Likes: 142
|
Post by savernake on Aug 25, 2020 9:01:35 GMT
Do we know what proportion of the AA holdings are now unable to be traded?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Aug 25, 2020 9:04:58 GMT
Do we know what proportion of the AA holdings are now unable to be traded? Zero, currently. We'll doubtless see the little yellow warning triangles again (briefly evident as the AA SM went live) as soon as the first AA loan is suspended from trading.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Aug 25, 2020 12:48:45 GMT
chris So as it stands today, in order to 'Invest' into QAA I need to cancel all withdrawals from QAA?
This is annoying particular with the 2FA confirmation on ever instruction and seems a pointless and petty obstruction.
Pretty sure this hasn't consistently been the case since the secondary market launched.
PS the interface checking the discount after every digit typed is also a hindrance to efficient input. Could it not just check once you stop typing?
|
|
garfield
Member of DD Central
Posts: 490 
Likes: 268
|
Post by garfield on Aug 25, 2020 12:56:00 GMT
chris So as it stands today, in order to 'Invest' into QAA I need to cancel all withdrawals from QAA?
This is annoying particular with the 2FA confirmation on ever instruction and seems a pointless and petty obstruction.
Pretty sure this hasn't consistently been the case since the secondary market launched.
1) this was always intended from the Market Place e-mail of 2 weeks ago - I don't think it had been fully implemented. 2) you can alter the 2FA setting under your profile & settings: - there's a toggle to "Trust this device and reduce the number of two factor authentication requests".
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Aug 25, 2020 13:01:37 GMT
chris So as it stands today, in order to 'Invest' into QAA I need to cancel all withdrawals from QAA?
This is annoying particular with the 2FA confirmation on ever instruction and seems a pointless and petty obstruction.
Pretty sure this hasn't consistently been the case since the secondary market launched.
1) this was always intended from the Market Place e-mail of 2 weeks ago - I don't think it had been fully implemented. 2) you can alter the 2FA setting under your profile & settings: - there's a toggle to "Trust this device and reduce the number of two factor authentication requests".
1) Ah, the difference between intended and implemented... Unannounced changes / fixes and patches abound.
2) Hmm I've set that previously; but it never seems to stay set. (Possibly due to managing multiple accounts)
|
|
warn
Member of DD Central
Curmudgeon
Posts: 637
Likes: 658
|
Post by warn on Aug 25, 2020 13:54:53 GMT
@ps the interface checking the discount after every digit typed is also a [hindrance] to efficient input. Could it not just check once you stop typing? You need to type faster.  I usually manage to get three or four digits in before having to pause for it to catch up.
|
|
tonyr
Member of DD Central
Posts: 477
Likes: 258
|
Post by tonyr on Aug 25, 2020 14:37:39 GMT
Ouch. I just tried to sell, 13.5% was the best match and even then it was only £15k or so. I wish I'd sold out at 6.5% now. I sold a load at 5.5-6% As my previous posts suggested, my view was double figures discount was a more realistic price. This solidifies that view. I got 9k out at 6.5% after I posted. I guess I'll stick at 6.5% for a few days and hope that the dust settles back to where it was.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Aug 25, 2020 15:53:29 GMT
I sold a load at 5.5-6% As my previous posts suggested, my view was double figures discount was a more realistic price. This solidifies that view. I got 9k out at 6.5% after I posted. I guess I'll stick at 6.5% for a few days and hope that the dust settles back to where it was. Bought @ 10,11,12 & 13%, sold out @ 9%, discount already down to 7.7% again.
|
|
warn
Member of DD Central
Curmudgeon
Posts: 637
Likes: 658
|
Post by warn on Aug 25, 2020 15:58:43 GMT
Bought @ 10,11,12 & 13%, sold out @ 9%, discount already down to 7.7% again. I am fast coming to think of you as the Sid James of AC investors. 
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Aug 25, 2020 16:00:36 GMT
Bought @ 10,11,12 & 13%, sold out @ 9%, discount already down to 7.7% again. I am fast coming to think of you as the Sid James of AC investors.
|
|
james21
Member of DD Central
Posts: 651
Likes: 669
|
Post by james21 on Aug 25, 2020 16:06:03 GMT
We are told "a small number of loans will be untradable", what investors need (as has already been put in other wording) is what value are these loans because a small number of loans can be a tiny amount in value terms or a huge amount
|
|
I usually manage to get three or four digits in before having to pause for it to catch up.