dead-money
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Post by dead-money on Aug 28, 2020 15:28:17 GMT
For those who wonder why they aren't seeing more capital back from repayments, here's the list of recent tranche drawdowns.
w/e 21 Aug drawdowns #1088 -£ 481K
#1246 -£ 72K
#878 -£ 105K
#1036 -£ 89K
#1067 -£ 255K
#1193 -£ 28K #871 -£ 107K
#1069 -£ 84K
#1144 -£ 55K #1196 -£ 31K #828 -£ 55K #730 -£ 50K
#1215 -£ 43K #1232 -£ 89K
w/e 28 Aug drawdowns
#1155 -£ 55K #691 -£ 187K #1122 -£ 61K #1028 -£ 32K
#994 -£ 99K #1257 -£ 83K #1120 -£ 48K #1203 -£ 53K #1269 -£ 179K #947 -£ 46K
#1230 -£ 40K #1271 -£ 126K FYI, of the twenty largest Access Account development loans, the undrawn facilities headroom totals £16.2M, with the five largest accounting for £11.6M of that.
(This excludes the two loans where the stated intention is to utilise CBILS to fund future drawdowns)
w/e 04 Sep #1233 -£ 16K #1276 -£ 143K #1161 -£ 110K #1198 -£ 58K #1105 -£ 69K
#1226 -£ 116K
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dead-money
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Post by dead-money on Sept 4, 2020 13:10:56 GMT
For those who wonder why they aren't seeing more capital back from repayments, here's the list of recent tranche drawdowns.
w/e 28 Aug drawdowns
#1155 -£ 55K #691 -£ 187K #1122 -£ 61K #1028 -£ 32K
#994 -£ 99K #1257 -£ 83K #1120 -£ 48K #1203 -£ 53K #1269 -£ 179K #947 -£ 46K
#1230 -£ 40K #1271 -£ 126K FYI, of the twenty largest Access Account development loans, the undrawn facilities headroom totals £16.2M, with the five largest accounting for £11.6M of that.
(This excludes the two loans where the stated intention is to utilise CBILS to fund future drawdowns)
w/e 04 Sep #1233 -£ 16K #1276 -£ 143K #1161 -£ 110K #1198 -£ 58K #1105 -£ 69K
#1226 -£ 116K
#1088 CBILS loan confirmed as live, so no future tranche demands for this loan going forwards.
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ian
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Post by ian on Sept 4, 2020 14:23:18 GMT
Thankyou for the information it’s fantastic- something AC shout provide.
In summary how much tranche exposure do we have in total - when do we get to break even when every penny of redeemed capital should be available to be returned to investors
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dead-money
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Post by dead-money on Sept 4, 2020 14:34:26 GMT
Thankyou for the information it’s fantastic- something AC shout provide. In summary how much tranche exposure do we have in total - when do we get to break even when every penny of redeemed capital should be available to be returned to investors Yes, rather than engaging in doublespeak trying to convince investors that black is white or press puff pieces spouting macroeconmic opinions; why are they not trumpeting that their CBILS loans have taken £3M of future tranche committments away from the Access Accounts?
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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 Sept 4, 2020 17:01:19 GMT
Thankyou for the information it’s fantastic- something AC shout provide. In summary how much tranche exposure do we have in total - when do we get to break even when every penny of redeemed capital should be available to be returned to investors Yes, rather than engaging in doublespeak trying to convince investors that black is white or press puff pieces spouting macroeconmic opinions; why are they not trumpeting that their CBILS loans have taken £3M of future tranche committments away from the Access Accounts?
Or that's £3m on which 7+% of interest won't be going towards paying the target rate & topping up the PF. So for the majority of investors it's bad news as they aren't exiting.
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dead-money
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Post by dead-money on Sept 4, 2020 17:44:43 GMT
Yes, rather than engaging in doublespeak trying to convince investors that black is white or press puff pieces spouting macroeconmic opinions; why are they not trumpeting that their CBILS loans have taken £3M of future tranche committments away from the Access Accounts?
Or that's £3m on which 7+% of interest won't be going towards paying the target rate & topping up the PF. So for the majority of investors it's bad news as they aren't exiting. Conversely it's good news for my MLA, where I've doubled my holding of the relevant loans, as practical completion is now pretty much assured and Govt. underwritten!
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p2pfan
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Post by p2pfan on Sept 4, 2020 21:26:24 GMT
Thank you for the useful insights.
How can we find out which loans will have their future tranches funded by a CBILS loan?
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dead-money
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Post by dead-money on Sept 4, 2020 21:47:15 GMT
Thank you for the useful insights.
How can we find out which loans will have their future tranches funded by a CBILS loan?
A lender vote is required to approve the refinance, so check the updates page of the larger property development loans.
#1088 is confirmed, #1163 should be next.
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dead-money
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Post by dead-money on Sept 7, 2020 9:30:27 GMT
FYI, of the twenty largest Access Account development loans, the undrawn facilities headroom totals £16.2M, with the five largest accounting for £11.6M of that.
(This excludes the two loans where the stated intention is to utilise CBILS to fund future drawdowns)
w/e 04 Sep #1233 -£ 16K #1276 -£ 143K #1161 -£ 110K #1198 -£ 58K #1105 -£ 69K
#1226 -£ 116K
#1088 CBILS loan confirmed as live, so no future tranche demands for this loan going forwards.
w/e 11 Sep #1128 -£ 245K #926 -£ 52K
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ian
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Post by ian on Sept 7, 2020 10:19:57 GMT
Yes, rather than engaging in doublespeak trying to convince investors that black is white or press puff pieces spouting macroeconmic opinions; why are they not trumpeting that their CBILS loans have taken £3M of future tranche committments away from the Access Accounts?
Or that's £3m on which 7+% of interest won't be going towards paying the target rate & topping up the PF. So for the majority of investors it's bad news as they aren't exiting. And there really lies the dilemma.... personally I just hope for an orderly wind down of the loan book with the company overhead managed accordingly. Anyone know if AC have made any redundancies ?
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Post by bradley02 on Sept 7, 2020 13:53:12 GMT
Or that's £3m on which 7+% of interest won't be going towards paying the target rate & topping up the PF. So for the majority of investors it's bad news as they aren't exiting. And there really lies the dilemma.... personally I just hope for an orderly wind down of the loan book with the company overhead managed accordingly. Anyone know if AC have made any redundancies ? AC have reported that they have not had to let any staff go, on the contrary, they report that they well positioned to grow the company going forward rather that the much mentioned absolutely baseless nonsense of a wind down that you say for some reason that you are hoping for.
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kermie
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Post by kermie on Sept 7, 2020 13:56:54 GMT
They've just gone through a Seedrs equity raise. AC will not be going anywhere soon.
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dead-money
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Post by dead-money on Sept 7, 2020 14:13:17 GMT
They've just gone through a Seedrs equity raise. AC will not be going anywhere soon. Yep, that's the worry with most Seedrs startups... Seedrs has helped raise capital for over three hundred companies; but zero exits by IPO, acquisition, etc. , as far as I know.
Surely there's a limit on how many times you can go back to the investors asking for more funding?
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Mikeme
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Post by Mikeme on Sept 7, 2020 14:41:01 GMT
Not everyone invests to get a big growth in value. That's the problem with with investment in this country people looking for short term capital gain not long term return. Look at our airports sold out to a Spanish company. There are so many the same.
As Stuart said many times and I believe him AC is trying to do the best for ALL parties. Are they perfect, no! If this current crisis had not happened even those most complaining about their actions affecting their LARGE investments wouldn't be complaining.
For me I will continue to support the hard but not perfect work they are doing in unprecedented times. Naive? Maybe. Even the infamous Laird in Scotland's loan may yet not turn into a total disaster. Simplistic from a simple guy.
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alanh
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Post by alanh on Sept 7, 2020 14:44:25 GMT
The imposition of extra fees on lenders has kept them from going under in the short term but I am not sure what the long term strategy is. The access accounts are effectively in wind down mode. Sure, there's a few £ being traded at a 10% odd discount in the SM but there is no new money going in - nobody is going to pay anything close to par for an account that consists of a bunch of defaulted loans, suspended loans, loans with forebearance applied (implying they are struggling to make repayments?) and a balance of loans supposedly covered by a woefully inadequate (possibly exhausted - who knows) provision fund. Oh, and lets not forget the email forewarning that things are going to get worse as certain access loans become untradeable. That leaves them with the MLA, which may or may not be a viable long term proposition. I don't see them being able to launch any other accounts given the ever increasing backlog of failures and tendency to make blanket changes to account mechanics unilaterally and overnight. Risk vs reward is bad enough in p2p in general at the moment without the added complications that AC come with.
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