blender
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Post by blender on Oct 18, 2020 16:22:55 GMT
Whilst the Access Account discounts may have bounced a little higher recently after trying to mount a break through the 6% barrier the MLA discounts do seem to be showing less volatility and still continuing a gentle downwards trend in terms of number of loans discounted, £s listed and % discount. Yes, this thread has turned into a way of talking up the discounts again. I do wish that Stuart would not encourage it.
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SteveT
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Post by SteveT on Oct 18, 2020 18:52:53 GMT
I find this thread less tedious since I started reading the comment first and then playing “guess which of the recurring broken records posted it”. I’m right more often than not.
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Post by Badly Drawn Stickman on Oct 18, 2020 21:51:52 GMT
Whilst the Access Account discounts may have bounced a little higher recently after trying to mount a break through the 6% barrier the MLA discounts do seem to be showing less volatility and still continuing a gentle downwards trend in terms of number of loans discounted, £s listed and % discount. Yes, this thread has turned into a way of talking up the discounts again. I do wish that Stuart would not encourage it. Fear not he is currently showing statesman like behavior on a rival platform. I look forward to the reciprocal visit, I have this image of his staff trying to break down the door and confiscate his tech.
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iann
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Post by iann on Oct 19, 2020 6:00:14 GMT
Yes, this thread has turned into a way of talking up the discounts again. I do wish that Stuart would not encourage it. Fear not he is currently showing statesman like behavior on a rival platform. I look forward to the reciprocal visit, I have this image of his staff trying to break down the door and confiscate his tech. All I see is him responding to a post about p2pmarketdata.com's incomplete data/website where he was "pinged" or am I missing something?
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blender
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Post by blender on Oct 19, 2020 7:30:02 GMT
Fear not he is currently showing statesman like behavior on a rival platform. I look forward to the reciprocal visit, I have this image of his staff trying to break down the door and confiscate his tech. All I see is him responding to a post about p2pmarketdata.com's incomplete data/website where he was "pinged" or am I missing something? October 12, 1:47. Just an invitation to knock the product again. The job of the CEO is to always talk up and promote the product, not engage in a debate about its value with flippers (among others). I was away on holiday and so a bit late with the flip side of the broken record. [Our metaphors are showing our ages]
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ashtondav
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Post by ashtondav on Oct 19, 2020 7:35:23 GMT
Yes, this thread has turned into a way of talking up the discounts again. I do wish that Stuart would not encourage it. Fear not he is currently showing statesman like behavior on a rival platform. I look forward to the reciprocal visit, I have this image of his staff trying to break down the door and confiscate his tech. Funny you should say that. As a potential buyer I see most posts are are from sellers talking down the discounts!
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Post by Badly Drawn Stickman on Oct 19, 2020 7:43:43 GMT
Fear not he is currently showing statesman like behavior on a rival platform. I look forward to the reciprocal visit, I have this image of his staff trying to break down the door and confiscate his tech. All I see is him responding to a post about p2pmarketdata.com's incomplete data/website where he was "pinged" or am I missing something? The ability to read further down the thread possibly. Unless toys were returned to prams and all ended well.
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dead-money
Rocket to the Moon
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Post by dead-money on Oct 19, 2020 7:46:20 GMT
Tue 06/10/20 10pm 6.4% / 6.6% - 7.1% Wed 07/10/20 11am 6.3% / 6.4%
1pm 6.2% / 6.4%
8pm 6.3% / 6.5%
Thu 08/10/20 9am 6.3% / 6.5% - 6.6%
6pm 6.2% / 6.4% - 6.6% Fri 09/10/20 6pm 6.2% / 6.4%
Sat 10/10/20 9am 6.1% / 6.2% Sun 11/10/20 6pm 6.0% / 6.1%
Mon 12/10/20 9am 6.3% / 6.4% Tue 13/10/20 9am 6.2% / 6.5%
Wed 14/10/20 9am 6.4% / 6.6% - 6.7% Thu 15/10/20 9am 6.7% / 7.0% - 7.5%
Fri 16/10/20 9am 6.9% / 7.4% - 7.5% Sat 17/10/20 9am 6.5% / 6.7% - 7.0%
Sun 18/10/20 9am 6.5% / 6.7% - 6.8%
2pm 6.7% / 7.0% - 7.1%
Mon 19/10/20 9am 6.7% / 7.1% - 7.2% Tue 20/10/20 9am 6.4% / 7.2%
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blender
Member of DD Central
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Post by blender on Oct 19, 2020 8:26:30 GMT
Fear not he is currently showing statesman like behavior on a rival platform. I look forward to the reciprocal visit, I have this image of his staff trying to break down the door and confiscate his tech. Funny you should say that. As a potential buyer I see most posts are are from sellers talking down the discounts! Potential buyers and potential sellers (me) are looking for a stable match. Flippers aim to create volatility which can be exploited at the expense of holders' value. The CEO should not be enabling debate on that value, imo. You can't be the figure of authority, whose word should be final and reliable, and also get down with the traders talking about value. Needs a communications manager. Should definitely not be posting complaints on other platforms' boards - even though the case is obviously right. That's a job for a marketing minion to take up with the website directly.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Oct 19, 2020 12:29:35 GMT
Thank you for that info.
Interesting that discounted loan offerings are disappearing quite Quickly, compared to 2 / 3 weeks ago.
The actual overall amount offered for sale hasn't appeared to have dropped that much or at all on most loan offerings.
Wonder what the reasons are ??
Covid situation hasn't changed that much recently to affect this ?
Is it more faith in AC Platform surviving?.
Is it that fscs protected returns are so poor and dropping recently.
Is it mattresses are getting full?
Is it people just aren't willing do discount to leave ?
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iann
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Post by iann on Oct 19, 2020 20:03:29 GMT
All I see is him responding to a post about p2pmarketdata.com's incomplete data/website where he was "pinged" or am I missing something? The ability to read further down the thread possibly. Unless toys were returned to prams and all ended well. Nope, I read his two contributions and I do not see him putting down another P2P platform. I'm not disputing that it could have been phrased better.
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Post by Badly Drawn Stickman on Oct 19, 2020 20:29:27 GMT
The ability to read further down the thread possibly. Unless toys were returned to prams and all ended well. Nope, I read his two contributions and I do not see him putting down another P2P platform. I'm not disputing that it could have been phrased better. Pretty sure I had made no accusations. There is an unwritten convention Reps don't post on other platforms areas even to argue with a perceived slight. That he was tagged is irrelevant, he is perfectly happy to ignore them on his own Fiefdom. Total non story really, and feel in the context I made it even more so.
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dead-money
Rocket to the Moon
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Post by dead-money on Oct 20, 2020 20:21:18 GMT
Mon 12/10/20 9am 6.3% / 6.4% Tue 13/10/20 9am 6.2% / 6.5%
Wed 14/10/20 9am 6.4% / 6.6% - 6.7% Thu 15/10/20 9am 6.7% / 7.0% - 7.5%
Fri 16/10/20 9am 6.9% / 7.4% - 7.5% Sat 17/10/20 9am 6.5% / 6.7% - 7.0%
Sun 18/10/20 9am 6.5% / 6.7% - 6.8%
2pm 6.7% / 7.0% - 7.1%
Mon 19/10/20 9am 6.7% / 7.1% - 7.2% Tue 20/10/20 9am 6.4% / 7.2% 9pm 6.1% / 6.9%
Wed 21/10/20 9am 6.2% / 6.4% - 6.6% Thu 22/10/20 9am 6.2% / 6.6% Fri 23/10/20 9am 6.1% / 6.3% - 6.7% Sat 24/10/20 10am 6.2% / 6.3% - 6.5%
Sun 25/10/20 9am 6.1% / 6.6% - 6.9%
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ceejay
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Post by ceejay on Oct 22, 2020 13:29:40 GMT
Overnight there was a payout of £9.14 per £10K in each AA Question for anyone who is well informed, on top of the latest implementation of AAs and has verified it from their statements: Obviously anyone who is “withdrawing” AC designated payout amounts as per the £9.14 per £10k to cash could then subsequently reinvest into an AA @ say 6.2% and turn £9.14 to £9.74. I’m in “withdraw from AAs mode” and see the pennies equivalent from my couple of hundred pounds go to my cash account from which I will withdraw to my bank account or put it into the MLA. What happens for investors who are happy to stick with the AAs? Do they get the benefit of the discounts, currently 6.2%? And do they go via cash by default and reinvest manually or can they automatically reinvest and get the discount? If so does this show definitively as a line item on statements. Apologies if this is definitively covered already elsewhere. At the risk of stating the bleeding obvious, you're only turning £9.14 into £9.74 if/when it becomes possible to withdraw at par. Anyone with a certain view of how discounts are going to change over the next few months, please be sure to let us all know! But if you are happy to stick with the AAs you do have the option of putting some or all of your holding up for withdrawal at par (or any low figure you would be happy to take) and then get the benefit of the regular drip of payouts. You could then recycle those payouts back in as discounted investments, thus earning a few notional points on the way. It's not the smoothest process - I can see why AC might not want to make it too easy. If you want to reinvest in the same account that you're getting payouts from then you have to cancel the withdrawal request each time you make a reinvestment and then reinstate it immediately. It's a bit of a faff which might or might not be worth it, depending on how much you're prepared to play with and what value you put on your time. You're also going to the back of the queue each time you do that, so this is not appropriate if exiting is in your mind (though of course you can always pop your discount up by 0.1 and you'd be ahead of where you were anyway).
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ceejay
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Post by ceejay on Oct 22, 2020 14:38:03 GMT
Doesn’t answer my long winded confusing question. Probably my bad for phrasing it poorly. I’m interested in understanding why the discounts might or might not narrow more quickly for the greater good. I have no personal interest in increasing my beer money punt on the AAs and will patiently run it down. I’m assuming the monthly interest paid on the 1st of the month is for those who are sticking with the AAs reinvested automatically by buying at a discount. What I’m trying to ascertain is is that happening for the ad-hoc payouts from capital repayments that AC allow to trickle out?Sounds like it might not be, but I’m looking for a near definitive, authorative answer backed up by line items in statements. Because if AC aren’t doing that they are are missing a “trick” to narrow the discounts; a piecemeal individual buyback at discounts cf share buybacks, IT buybacks. Might not be straightforward from an IT, nor regulatory, nor tax accounting perspective but it’s a freebie for reducing the size of the hole they’ve dug for all of us and improves the attractiveness of the AAs for holders. Sorry, still not understanding. You get your monthly interest regardless of your status wrt withdrawal. But if you'd had an adhoc repayment then that amount will be sitting in cash and so not earning interest.
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