dovap
Member of DD Central
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Post by dovap on Sept 5, 2020 12:08:20 GMT
'quick' access accounts are hard to see how they'll punt these to the next set of marks tbh.
Prob get wrapped up like the other zombie accounts.
no sure this platform has any advantage over other already failed platforms
meh
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 5, 2020 13:02:30 GMT
There is a lot of gaming going on here. I sense that buyers are looking to push the discount above 12%, with the aim of a quick flip. Intending sellers will be kicking themselves for not cashing out at the 5.3 - 6% lows (probably waiting for 5%), and are finding 10% hard to swallow. Loan data is clearly available for the account, and it is possible to view upcoming repayments, defaults, downgraded loans and cash balances. My view, (as a seller), is that since the current portfolio is protected by the pf, the discount needs to reflect future unprotected downgrades. A finger in the air guess suggests that 5% discount would not be unreasonable, tempered by the 3.75% yield. Currently about half of redemptions appear to be getting distributed, allowing a funds to build up for new tranches and new loans. The Seedrs prospectus was bullish about future business growth, I hope that will be reflected in resumed lending. I expect a move to lock in funds through a new bonus offer, a 1% bonus on the increase in balances over the next 6 months would encourage buyers, reduce withdrawals and lower the discount. Buyers : Pay attention, I am trying to move the market here, bid now while discounts last! Thank for explaining so well. The vultures are trying to instil panic. Have you ever seen a Seedrs or Crowdcube prospectus that wasn't bullish? 
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cb25
Posts: 3,528
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Post by cb25 on Sept 5, 2020 13:07:31 GMT
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Post by Badly Drawn Stickman on Sept 5, 2020 13:09:39 GMT
'quick' access accounts are hard to see how they'll punt these to the next set of marks tbh. Prob get wrapped up like the other zombie accounts. no sure this platform has any advantage over other already failed platforms meh I have never joined AC, for some reason it never appealed much but I have kept reasonably up to speed with events reading the forum. I must admit the blood in the water has had me circling it more closely lately, seems to me a bit of research could make it a relatively attractive proposition for a 'clean' investor. Somebody talk me out of it.
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 5, 2020 13:15:50 GMT
Someone willing to buy a lit stick of dynamite in the hope of selling it on at a profit as a firelighter before it blows up in their face?
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cb25
Posts: 3,528
Likes: 2,668
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Post by cb25 on Sept 5, 2020 13:16:53 GMT
Someone willing to buy a lit stick of dynamite in the hope of selling it on at a profit as a firelighter before it blows up in their face? Ah, that'll be me then 
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 5, 2020 13:17:05 GMT
'quick' access accounts are hard to see how they'll punt these to the next set of marks tbh. Prob get wrapped up like the other zombie accounts. no sure this platform has any advantage over other already failed platforms meh I have never joined AC, for some reason it never appealed much but I have kept reasonably up to speed with events reading the forum. I must admit the blood in the water has had me circling it more closely lately, seems to me a bit of research could make it a relatively attractive proposition for a 'clean' investor. Somebody talk me out of it. "No come on in, the waters lovely !", said the boiled frog...
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iRobot
Member of DD Central
Posts: 1,680
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Post by iRobot on Sept 5, 2020 13:18:04 GMT
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Post by honda2ner on Sept 5, 2020 15:03:32 GMT
Chance of wind up are very small, really in my oppuion non-existant. I'm not sure the fear is about that, clearly the discount rates are very paper thin so it is somewhat ambigious. However for all the defence of AC ect, one question is a elephant in the room that hasnt' been answered yet. What are the future of the AA's.It's all very well having it at a discount, but the liqudity is quickly drying up and I don't see why it would return anytime soon. (no loans locked, yet) Only people who will be investing right now other than a few vulture flippers would be those intending on holding this product for a long term view (at least 2 years, ideally 3+ years). In order for investors to dive into that, the future of the AA's is critical. It is currently impossible to exit from the AA's without a discount (you simply cannot wind down your account, I have just under £100 in one account, and its repaying 0.0007 ect like some sort of mockery.) On top of that, we have a sort withdrawal feedback loop going on, if you invest any big amount in the AA's, you need to set a withdrawal at PAR so that you can get your cash to, reinvest? Maybe only smart investors are doing this, but I don't know. Think others here stated this, not sure how you would combat this anyway. Personally, I am not sure how they can continue to sell this product after this massive traffic jam so to speak. It was a issue waiting to happen from sheepish investors. I'm also gonna say one word, FCA. Vulture flipping sounds great. I used to be into self flagellation, bestiality, necromancy and masochism but I had to give it up as it was too much like flogging a dead horse. Now I get my kinks by investing in the AC AAs instead.
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iRobot
Member of DD Central
Posts: 1,680
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Post by iRobot on Sept 5, 2020 15:20:42 GMT
Vulture flipping sounds great. I used to be into self flagellation, bestiality, necromancy and masochism but I had to give it up as it was too much like flogging a dead horse. Now I get my kinks by investing in the AC AAs instead. Looks to me like you've dropped three of the four kinks only to load up on the masochism. (Possibly with a retained option on self-flagellation as an 'after the event' activity?) Would normally suggest diversification was essential - but maybe not so much in this case 
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Sept 6, 2020 8:34:09 GMT
Tue 01/09/20 10am / 7.1%
11am / 7.7%
5pm 7.9% / 8.6%
Wed 02/09/20 9am 9.0% / 9.2%
Thu 03/09/20 9am 9.1% / 9.9% Noon 9.9% / 11.1% (11.7% for £5K) 6pm 9.8% / 10.7%
Fri 04/09/20 9am 9.9% / 10.5% 8pm 9.7% / 9.9%
Sat 05/09/20 9am 9.6% / 10.1% (10.5% for £5K) Sun 06/09/20 9am 9.1% / 9.5% 1pm 8.6% / 9.3% 3pm 8.5% / 8.9% 6pm 8.2% / 8.3% - 9.0%, 10pm 8.5% / 9.1-9.3%
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puddleduck
Member of DD Central
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Post by puddleduck on Sept 6, 2020 10:04:16 GMT
This discount levels have dropped - now at least 30k available at 8.31% so the discount has dropped over 1 full percentage points since yesterday.
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savernake
Member of DD Central
Posts: 174
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Post by savernake on Sept 6, 2020 12:51:36 GMT
This discount levels have dropped - now at least 30k available at 8.31% so the discount has dropped over 1 full percentage points since yesterday. Possibly because at least one of the vultures attempting to panic everyone on here into selling at a huge discount has been exposed?
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Post by dabeztstuff on Sept 6, 2020 14:34:05 GMT
It is interesting how the current discount level is set by acutally only a very few investors.
Seems like most people are holding on / have lower discount levels set.
I just cant see them changing the access acounts. Once normal market conditions resume, liquidity will resume.
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marky
Posts: 21
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Post by marky on Sept 6, 2020 15:19:21 GMT
It is interesting how the current discount level is set by acutally only a very few investors.
Seems like most people are holding on / have lower discount levels set.
I just cant see them changing the access acounts. Once normal market conditions resume, liquidity will resume.
I can't see the point of selling out at an outrageous discount when, in reality, nothing has really changed. I invested in AC realising it wasn't a totally liquid investment but I wanted the steady income stream from monthly interest. Despite a world pandemic - I've continued to receive my income so what's not to like about that! I just hope - over the longer term - the platform survives and my capital doesn't get wiped out! Marky
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