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Post by Harland Kearney on Aug 12, 2020 20:51:10 GMT
Until it is clarified, I will leave things as they are so as to continue to get the dribbles of repayment and some interest. It really ought to be that you still get the pro-rata repayments. My other concern is that the more loans that are repaid while no new loans are written, the worse the overall loanbook becomes as defaulted and troubled loans take an ever greater share of the pot My concerns reflect this too. My Stock market instincts don't sit right with selling at upto 2 years of QAA interest to get out. Goes against all my gut when a way out is clear with the pro-rate repayments. If AC changed the rules again with payouts, that may quickly change. Don't expect to any where close to exited until 2021, Q2 at least. Hopefully the SM may remove some of the queue by removing withdrawers with holders. Maybe... (Why would u not sell when u can get repayments and buy back in at a discount?)
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cb25
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Post by cb25 on Aug 12, 2020 21:26:46 GMT
I've placed bids at 20%, 15% & 10%, will check in the morning whether they pick up some nibbles. I think you can probably enjoy a lie in I just had a match buying at 10% discount, then turned it around and sold it at 8% (went in about 2 minutes). Tagging dead-money for info
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puddleduck
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Post by puddleduck on Aug 13, 2020 4:09:51 GMT
There is at least 30k available at 6.2% now, so looks like the 5.5%'ers have discounted a bit more. Now at least 30k at 7.15% with about 9k @ 7.5% When I first started tracking this, it was 5.5%
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dead-money
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Post by dead-money on Aug 13, 2020 8:05:03 GMT
I think you can probably enjoy a lie in I just had a match buying at 10% discount, then turned it around and sold it at 8% (went in about 2 minutes). Tagging dead-money for info Amounts bought at 8%, 9% & 10% discounts overnight, nothing at 11% or more.
To sell you'll need to offer 6.6% or more. 9% to clear £3K, 9.25% to clear £15K or more
NB Don't know why it's 9.25% given you can't buy at two decimal place granularity (Average of trades offered, blender )
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Mikeme
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Post by Mikeme on Aug 13, 2020 8:28:36 GMT
Does anyone know the totals traded?
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cb25
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Post by cb25 on Aug 13, 2020 8:30:44 GMT
dead-money Are you going to hold/flip the amounts you've bought at a discount?
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blender
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Post by blender on Aug 13, 2020 8:33:25 GMT
I just had a match buying at 10% discount, then turned it around and sold it at 8% (went in about 2 minutes). Tagging dead-money for info Amounts bought at 8%, 9% & 10% discounts overnight, nothing at 11% or more.
To sell you'll need to offer 6.7% or more. 9% to clear £3K, 9.25% to clear £15K or more
NB Don't know why it's 9.25% given you can't buy at two decimal place granularity
Of course not. Never suggested.
The 9.25% is presumably an average of more that one bid taken at different discounts to make up the £15k
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Post by bradley02 on Aug 13, 2020 8:39:33 GMT
Excuse my ignorance in this question but I have over £1000 accrued interest on my account. Does a buyer inherit this, in part or full if I sell. If this is the case this is also a consideration for a further loss to selling at a discount?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 13, 2020 8:48:35 GMT
Until it is clarified, I will leave things as they are so as to continue to get the dribbles of repayment and some interest. It really ought to be that you still get the pro-rata repayments. My other concern is that the more loans that are repaid while no new loans are written, the worse the overall loanbook becomes as defaulted and troubled loans take an ever greater share of the pot Confirmation from AC on the point someone raised yesterday (which I can no longer find!) about whether queued withdrawal orders at a discount still receive their pro-rata share of capital repayments: “ Yes, if QAA lenders request withdrawal of some / all of their holding at a discount, they will still receive the same pro-rata share of any capital repayments (whilst queued for sale) as they would at Par”
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maotw
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Post by maotw on Aug 13, 2020 8:54:21 GMT
Apologies if this is explained previously/elsewhere .... but is the calc for pro-rata still based your total holdings, or just that sum(s) set for withdrawal.
i.e. if I (say) have £100K total with 5K listed at discount, and £40K brought-across from pre-SM listed at par) .... do I get the same amount from redemptions as I would if the whole £100K was listed in the SM.
If I Cx all my withdawal(s), do my redemptions reduce to £0
If I then list £1.00 for withdrawal, does my pro-rata return to being based on 100% of my holdings.
TIA - and apologies if I'm being thick.
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TitoPuente
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Post by TitoPuente on Aug 13, 2020 8:58:14 GMT
Excuse my ignorance in this question but I have over £1000 accrued interest on my account. Does a buyer inherit this, in part or full if I sell. If this is the case this is also a consideration for a further loss to selling at a discount? Normally you would keep your accrued interest until the date of the transaction, and the buyer will start accruing from that point. In any case, £1000 accrued interest today in the QAAs implies a holding of circa £800k. Perhaps a large part of the £1000 accrued are associated to MLA holdings?
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dead-money
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Post by dead-money on Aug 13, 2020 9:03:51 GMT
dead-money Are you going to hold/flip the amounts you've bought at a discount? I'll be renaming myself burger-king shortly ;-)
Sold out at 7.0-6.6% now buying back at 8% - 10%, rinse and repeat.
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ilmoro
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Post by ilmoro on Aug 13, 2020 9:12:13 GMT
dead-money Are you going to hold/flip the amounts you've bought at a discount? I'll be renaming myself burger-king shortly ;-)
Sold out at 7.0-6.6% now buying back at 8% - 10%, rinse and repeat.
Youll need one of these  misorobotics.com/flippy/
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cb25
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Post by cb25 on Aug 13, 2020 9:16:06 GMT
I'll be renaming myself burger-king shortly ;-)
Sold out at 7.0-6.6% now buying back at 8% - 10%, rinse and repeat.
Youll need one of these misorobotics.com/flippy/Think I might get one, bought at 9% discount, sold almost immediately at 7.5%. Might be time to put some new money (new money?  ) into AC rather than using just the small amount of spare cash I have there currently.
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dead-money
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Post by dead-money on Aug 13, 2020 9:16:45 GMT
I'll be renaming myself burger-king shortly ;-)
Sold out at 7.0-6.6% now buying back at 8% - 10%, rinse and repeat.
Youll need one of these misorobotics.com/flippy/
I'm sure some clever dev is writing an AA flipping bot as we speak ;-)
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) into AC rather than using just the small amount of spare cash I have there currently.