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Post by oppsididitagain on Jan 29, 2021 11:41:41 GMT
1.20 / 1.50 in 2K
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ian
Posts: 342
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Post by ian on Jan 29, 2021 16:59:29 GMT
Given 10% of funds to be repaid would expect discount well below 0.5% next week
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Post by oppsididitagain on Jan 29, 2021 17:00:12 GMT
I Managed to withdraw at 0.8. and invest at 1.40 today.
AC just sent this out , So I would invest as much as possible at premium rates to capitalise on the withdrawals at 0% over the weekend.
We have completed our regular review of the AA’s future funding requirements and are pleased to confirm, as we indicated in December, that we are now in a position to release greater sums from the AA cash pools back to investors over the coming months.
The first of these distributions will happen on Saturday 30th January and should reduce all eligible withdrawal requests by more than 10%. The amount you receive will be worked out on a pro-rata basis of your total Access Account holdings, not based on the size of your withdrawal request.
Its 0.7 /0.8. ATM
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Jan 29, 2021 18:27:42 GMT
Link to full version of email
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Post by oppsididitagain on Jan 29, 2021 18:28:49 GMT
Given 10% of funds to be repaid would expect discount well below 0.5% next week I dont understand why people are even withdrawing at a discount, maybe they have orders in the market and havent read the Email It would make sense to Let it go to par and let the system run the overnight process..
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ian
Posts: 342
Likes: 226
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Post by ian on Jan 29, 2021 19:24:28 GMT
Given 10% of funds to be repaid would expect discount well below 0.5% next week I dont understand why people are even withdrawing at a discount, maybe they have orders in the market and havent read the Email It would make sense to Let it go to par and let the system run the overnight process.. Your probably right ...I suspect the £20m will wipe out withdrawals at a discount given £500k interest payment leads to a drop each month of of circa 0.5%. I had withdrawals at 0.4% 0.3% 0.2% killed them as I susuu in act I’d be giving 0.4% away
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Jan 30, 2021 8:23:26 GMT
0.4% to buy in / 0.6% to sell out
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SteveT
Member of DD Central
Posts: 6,875 
Likes: 7,924
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Post by SteveT on Jan 30, 2021 9:18:47 GMT
Selling out of most of my remaining MLIA development loans (typically at 0.5-1% discount) last autumn and moving the proceeds into the QAA at 8-10% discount is now looking like one of my more profitable P2P decisions (short-term at least)  |
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
Likes: 617
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Post by dave4 on Jan 31, 2021 7:14:18 GMT
2.9% @ 7am
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ian
Posts: 342
Likes: 226
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Post by ian on Jan 31, 2021 7:59:03 GMT
Yes got out £10k @ 0.3% 😷
Given it appears 50% of funds are not in withdrawal and or there appears to be a significant amount of buy back in. If AC were to repeat a 10% distribution plus increase rates, I suspect t we would see the end of the secondary market and normal liquidity .... go on Stuart go for it.
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Post by oppsididitagain on Jan 31, 2021 13:04:26 GMT
Yes got out £10k @ 0.3% 😷 Given it appears 50% of funds are not in withdrawal and or there appears to be a significant amount of buy back in. If AC were to repeat a 10% distribution plus increase rates, I suspect t we would see the end of the secondary market and normal liquidity .... go on Stuart go for it. I would like the PF to pay out on the backdated amounts relating to the Wind loans. But we digress ... 0.3 0.4 ATM
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ian
Posts: 342
Likes: 226
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Post by ian on Jan 31, 2021 13:08:48 GMT
Yes got out £10k @ 0.3% 😷 Given it appears 50% of funds are not in withdrawal and or there appears to be a significant amount of buy back in. If AC were to repeat a 10% distribution plus increase rates, I suspect t we would see the end of the secondary market and normal liquidity .... go on Stuart go for it. I would like the PF to pay out on the backdated amounts relating to the Wind loans. But we digress ... 0.3 0.4 ATM Don’t know about the wind loans .... however provision fund didn’t pay out 100% for the GBBA defaults namely the Scottish loan. just got another £10k at 0.2% .... everything might be at par next week 👍
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dead-money
Rocket to the Moon
Posts: 746
Likes: 654
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Post by dead-money on Feb 1, 2021 1:04:36 GMT
0.2% to buy in / 0.3% to sell out on £10K
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ian
Posts: 342
Likes: 226
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Post by ian on Feb 2, 2021 5:27:04 GMT
Sold another £5k at 0.2% ... in dribs and drabs
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Feb 2, 2021 8:04:47 GMT
Ate most people trying to leave AC altogether or just reducing balance to a more comfortable level?
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