johni
Member of DD Central
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Post by johni on Nov 3, 2020 12:34:44 GMT
If it were to do that, it would have done it already. Interestingly, rates were going down during the news. I think the majority of investors who haven't sold at steep discounts already are willing to stick around for the long run. Wind down their investments, strip them over time and avoid nasty discount eating unless they are in need to "margin call" for some reason surprise reason ect. Or take advantage of the discounts (as myself have with repayments) I predicted in my previous posts that we wouldn't see a increase in discounts due to the "Lockdown" and it seems like I was right, my crystal ball is working again! Priced in, investors are expecting it to last long, investors are expecting it to bite the wider economy. Investors don't fear what they can see danger miles away, its when the deer jumps into the headlights from 3 meters away he panics. However, AC performance during the harsher months have proven the platform as stable. (how stable idk, but it survired so there we go) Two things I can see moving prices up anywhere close to 7+ again would be, firstly a surprise AC email of some type (If a AA loan is locked up, this could trigger that kind of behaviour) Secondly, if fees are announced to be extended. Although I expect this to be touge in cheek and unpredictable. The fees are hurting MLA lenders more than AA holders. (Depends how you look at it, but MLA pay up front, we are paying from the PF I believe) I hope you are more correct than me. It would be good positive sign for investors if AC if the lender fee was removed. I wonder if when / if AC Start lending again how much appetite lenders will have ?. Stuart announced yesterday he hoped to start lending in AA by the end of the year and if so the fee would be removed. www.p2pfinancenews.co.uk/2020/11/02/assetz-hopes-to-resume-lending-in-access-accounts-by-end-of-2020/
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rscal
Posts: 985
Likes: 537
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Post by rscal on Nov 5, 2020 19:49:49 GMT
Currently (5/11/20 @19.00) 4.5% to exit.
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Post by rutger on Nov 9, 2020 13:18:40 GMT
Just managed to pick up a few more of loan 1021 Hotel *** at -6% after the vaccine news.  |
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rscal
Posts: 985
Likes: 537
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Post by rscal on Nov 9, 2020 14:45:24 GMT
Currently (9/11/20 @14.40) 4.4% to exit.
(9/11/20 @16.00) 4.2% to exit.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Nov 10, 2020 0:00:55 GMT
12am discount to sell 4.1%, buy 4%
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SteveT
Member of DD Central
Posts: 6,875
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Post by SteveT on Nov 10, 2020 8:00:27 GMT
12am discount to sell 4.1%, buy 4% Not as attractive as the 8-10% discounts available some weeks back, but still something of a bargain IMHO. Effectively an extra year's interest for free, backed by the steadily increasing PF that covers projected losses on any problem loans in the portfolio (ie. we've yet to see a single QAA-held loan be suspended from trading). Funny how there are still suggestions on here that another 1% Cashback offer would kick-start lending, when there's 4x that value to be had already.
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dead-money
Rocket to the Moon
Posts: 746
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Post by dead-money on Nov 10, 2020 8:40:20 GMT
12am discount to sell 4.1%, buy 4% Not as attractive as the 8-10% discounts available some weeks back, but still something of a bargain IMHO. Effectively an extra year's interest for free, backed by the steadily increasing PF that covers projected losses on any problem loans in the portfolio (ie. we've yet to see a single QAA-held loan be suspended from trading). Funny how there are still suggestions on here that another 1% Cashback offer would kick-start lending, when there's 4x that value to be had already. However the problem remains that you'd be buying in to a loan portfolio in wind-down. Once all good loans have moved to CBILS or repaid what's that 4% discount getting you? unfinished development sites in administration with firesales at 25% of Gross Development Value ?
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Doc
Member of DD Central
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Post by Doc on Nov 10, 2020 8:52:28 GMT
Looks like there are quite a few sellers at 4% -
4% to Buy 4.3% to Sell -10k
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ceejay
Posts: 975
Likes: 1,149
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Post by ceejay on Nov 10, 2020 11:19:27 GMT
Not as attractive as the 8-10% discounts available some weeks back, but still something of a bargain IMHO. Effectively an extra year's interest for free, backed by the steadily increasing PF that covers projected losses on any problem loans in the portfolio (ie. we've yet to see a single QAA-held loan be suspended from trading). Funny how there are still suggestions on here that another 1% Cashback offer would kick-start lending, when there's 4x that value to be had already. However the problem remains that you'd be buying in to a loan portfolio in wind-down. Once all good loans have moved to CBILS or repaid what's that 4% discount getting you? unfinished development sites in administration with firesales at 25% of Gross Development Value ? And therein lies the rub of the matter. Some people choose to believe AC when they assure us that any problem loans you might be buying are covered by cash for projected losses. Others don't. I just wish AC could find a more convincing way to show their workings, as it were.
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dovap
Member of DD Central
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Post by dovap on Nov 10, 2020 11:48:12 GMT
and there's the agnostics looking to flip
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dead-money
Rocket to the Moon
Posts: 746
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Post by dead-money on Nov 10, 2020 14:14:12 GMT
However the problem remains that you'd be buying in to a loan portfolio in wind-down. Once all good loans have moved to CBILS or repaid what's that 4% discount getting you? unfinished development sites in administration with firesales at 25% of Gross Development Value ? And therein lies the rub of the matter. Some people choose to believe AC when they assure us that any problem loans you might be buying are covered by cash for projected losses. Others don't. I just wish AC could find a more convincing way to show their workings, as it were. Given how much the discount shifted just from an email suggesting loans might become untradeable, I'd rather not hazard a guess as to what might occur when one actual does!
If the cash / provision fund / ringfenced amounts are sufficient to cover all current and potential future losses then AC should state that, but for one reason or another they won't.
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ceejay
Posts: 975
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Post by ceejay on Nov 10, 2020 14:27:51 GMT
And therein lies the rub of the matter. Some people choose to believe AC when they assure us that any problem loans you might be buying are covered by cash for projected losses. Others don't. I just wish AC could find a more convincing way to show their workings, as it were. Given how much the discount shifted just from an email suggesting loans might become untradeable, I'd rather not hazard a guess as to what might occur when one actual does!
If the cash / provision fund / ringfenced amounts are sufficient to cover all current and potential future losses then AC should state that, but for one reason or another they won't.
Unless I've missed it, we haven't yet had an announcement from AC that any loan in the AAs has become untradeable (just the email pointing out that it was possible, which caused all that fuss...). So, as it stands, they ARE stating that ringfenced amounts are sufficient to cover current projected losses, it's just that not everyone believes them (or, perhaps more likely, doesn't trust the accuracy of their projections). Clearly you couldn't expect them to make an assurance that the coverage would be good no matter what (though I suspect that's the only thing that would satisfy some), but I do think that more clarity might be achievable.
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blender
Member of DD Central
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Post by blender on Nov 10, 2020 17:43:04 GMT
They could guarantee all our capital with a compensation scheme backed by the Bank of England. That may just be enough to convince some of the doubters - and remove the fee of course.
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sl75
Posts: 2,092
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Post by sl75 on Nov 10, 2020 21:12:50 GMT
They could guarantee all our capital with a compensation scheme backed by the Bank of England. That may just be enough to convince some of the doubters - and remove the fee of course. Sounds more expensive to me... (although that's probably the appropriate level of protection that a service claiming to offer access to your money in an average of less than 1 second)
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ashtondav
Member of DD Central
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Post by ashtondav on Nov 11, 2020 10:22:09 GMT
Is anyone on this board buying at 4%? And if so your reasoning.
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