|
|
Post by jasonnewman on Aug 25, 2020 17:44:46 GMT
What the highlighted text does is cause MORE uncertainty, will they, won't they, when will they? As a customer commuication that email is a disaster.
To paraphrase "Don't panic nothings changed, but it might shortly, then again it might not or we might just reengineer the whole thing..." Oh thanks ! Stampede to exit...
This basically, kinda ***** me off now, a roller coaster since March. With every other aspect of my portfilio it has either recovered or has made large profits (stocks ect). With AC, I can't decide if I should be taking a double digit discount, now a 7% discount looks good in context. Can't valuate it like I can any other asset, therefore it makes me question if I should be in at all. If I am going to sell, I will wait at least till next week, but who knows we might get a second email of "might do might not" rubbish. Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla
|
|
Mikeme
Member of DD Central
Posts: 428 
Likes: 331
|
Post by Mikeme on Aug 25, 2020 17:53:49 GMT
This basically, kinda ***** me off now, a roller coaster since March. With every other aspect of my portfilio it has either recovered or has made large profits (stocks ect). With AC, I can't decide if I should be taking a double digit discount, now a 7% discount looks good in context. Can't valuate it like I can any other asset, therefore it makes me question if I should be in at all. If I am going to sell, I will wait at least till next week, but who knows we might get a second email of "might do might not" rubbish. Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla I will still do so.
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Aug 25, 2020 18:17:27 GMT
What the highlighted text does is cause MORE uncertainty, will they, won't they, when will they? As a customer commuication that email is a disaster.
To paraphrase "Don't panic nothings changed, but it might shortly, then again it might not or we might just reengineer the whole thing..." Oh thanks ! Stampede to exit...
This basically, kinda ***** me off now, a roller coaster since March. With every other aspect of my portfilio it has either recovered or has made large profits (stocks ect). With AC, I can't decide if I should be taking a double digit discount, now a 7% discount looks good in context. Can't valuate it like I can any other asset, therefore it makes me question if I should be in at all. If I am going to sell, I will wait at least till next week, but who knows we might get a second email of "might do might not" rubbish. The volatility in AC's secondary market does at least make me feel relaxed about my Palladium and Etherum holdings ;-)
|
|
|
|
Post by bradley02 on Aug 25, 2020 18:30:43 GMT
Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla I will still do so. mikeme, you are not alone in your recognition and appreciation of a company trying to do all they can in the most difficult of financial circumstances. The consistency of your support and understanding of the reality of where we are and not where we wish we were is in stark comparison to those who attacked and abused AC and its management, begged, repeatedly ad nauseum for the opportunity to get out of AC 'then' when the opportunity arises via the SM they backtrack until another opportunity to unwind their necks. Observations of other p2p retail treatment of their investors during the past five months can only leave the un-prejudice, fair-minded to a conclusion of appreciation to AC for all their efforts and not sacrificing their retail investors, an easier, less complicated option for the company I am sure. Cheers 🍻
|
|
|
|
Post by Harland Kearney on Aug 25, 2020 18:41:40 GMT
This basically, kinda ***** me off now, a roller coaster since March. With every other aspect of my portfilio it has either recovered or has made large profits (stocks ect). With AC, I can't decide if I should be taking a double digit discount, now a 7% discount looks good in context. Can't valuate it like I can any other asset, therefore it makes me question if I should be in at all. If I am going to sell, I will wait at least till next week, but who knows we might get a second email of "might do might not" rubbish. Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla The SM is still nesscery in my view at this time, but I'm not sure how silly you can drive your own discount rates up by making the vaguest comments about PF coverage in mass email. Either im thick or I am missing something. In the long term this won't matter, assuming we don't see any large numbers of AA defaults (non would be prefereble of course) Does make me wounder how many investors would know if a loan defaulted as opposed to todays email. Markets don't like surprises. If they want to make these types of comments, it would help to have stats alongside them. Otherwise we are getting pretty close to gussing.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Aug 25, 2020 18:59:19 GMT
I can only assume this email doesn't apply to me, as AC didn't send me one....?
|
|
|
|
Post by Ton ⓉⓞⓃ on Aug 25, 2020 20:00:30 GMT
I can only assume this email doesn't apply to me, as AC didn't send me one....? Mine came at 9.31am today
|
|
|
|
Post by bradley02 on Aug 25, 2020 20:04:06 GMT
This basically, kinda ***** me off now, a roller coaster since March. With every other aspect of my portfilio it has either recovered or has made large profits (stocks ect). With AC, I can't decide if I should be taking a double digit discount, now a 7% discount looks good in context. Can't valuate it like I can any other asset, therefore it makes me question if I should be in at all. If I am going to sell, I will wait at least till next week, but who knows we might get a second email of "might do might not" rubbish. Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla I find it curious that those who ranted, abused and attacked AC the most over the past five months, announcing that " AC are finished as a company, blah blah blah " STILL invest with " this lot at AC " that they told everyone about over and over and over again regardless of an opportunity to leave. Why they do not follow their own advice is a bit weird.
|
|
|
|
Post by jasonnewman on Aug 25, 2020 20:21:31 GMT
Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla I find it curious that those who ranted, abused and attacked AC the most over the past five months, announcing that " AC are finished as a company, blah blah blah " STILL invest with " this lot at AC " that they told everyone about over and over and over again regardless of an opportunity to leave. Why they do not follow their own advice is a bit weird. I want to get the **** out of AC Bradley...They keep dragging their feet with loads of surprises and not releasing the surplus cash in the access accounts. There is 11% cash on the books, why are people selling at a discount when there is 11% cash on the books? AC management will go as slow as possible, keep milking their salaries. The access accounts feel like the same risk as the MLA without the higher interest, why not scrap the Access account, convert it all to MLA and just pay everyone their interest in full?
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Aug 25, 2020 20:30:25 GMT
You still here, Jason? Can't find the door?
|
|
|
|
Post by Harland Kearney on Aug 25, 2020 20:39:47 GMT
Harland you are not as sanguine as you once were! I guess that is life experience for you...I told everyone here about this lot at AC....But some folk wanted to buy a beer for the staff bla bla bla I find it curious that those who ranted, abused and attacked AC the most over the past five months, announcing that " AC are finished as a company, blah blah blah " STILL invest with " this lot at AC " that they told everyone about over and over and over again regardless of an opportunity to leave. Why they do not follow their own advice is a bit weird. I am not bashing AC per se. If you read through my posts in March 2020 I was very supportive and vividly defended the company as everything was collapsing and nobody could expect AC to fix everything in the world. That is why Jason made the reply to me, and he is right it is an ironic turn of events, although im not too "troubled" and wish to wait until I get the 1% bonus next year before exiting. During that period I hope a good amount of cash is repaid. However, it is not March anymore. The SM is out and it is interesting for a company now with a live-action SM to not give more updated stats on the PF which it just told lenders is "potentially" in trouble. How much is potentially I don't know, nobody really knows. But the picture painted before the crisis is the PF was nothing more than a stop-gap to pay missing interest/shortfall capital to make the black box seem all good on the surface. It did its desire role well during normal times. See 227 loan for why you should be very concerned if AA loans stop trading. I still have confidence enough in AC to not rant, but the request for more stats is not out of the world. "Maybe AC know something we don't" the email screams this because again the lack of stats. (This whole thread is repeating this.) Those who exited at double digits today most likely already burnt in the GBBA & GBBA2, hence the panic of a re-creation of non-trading loans. For those joining the discussion, the current discount rate is "The best bid-offer spread at 20:52 is now 7.6% to 7.2% discounts" (props to blender) so we are seeing a return to lower numbers. By end of week I'd expect to see a 6-7 sell out rate again. If a loan stops trading in the AA, I don't know. All depends if AC email the bad news and cause a panic! 
|
|
garfield
Member of DD Central
Posts: 490 
Likes: 268
|
Post by garfield on Aug 25, 2020 20:45:23 GMT
You still here, Jason? Can't find the door? He's misplaced the "Like" button that's for sure... 
|
|
jcb208
Member of DD Central
Posts: 838
Likes: 638
|
Post by jcb208 on Aug 25, 2020 20:46:17 GMT
Id love to find the effing door but not at these discount rates,If i'd had a crystal ball I would just of invested in the MLA loans at much better rates then its my mistakes If all went pear shape
|
|
|
|
Post by jasonnewman on Aug 25, 2020 21:18:57 GMT
Access accounts are now MLA without the higher rates but the same risk - Why doesn't anyone stand up to these people? Seems like a total rip off...………..AC is funding their cost and salaries at our expense. stuartassetzcapital - Can you release the next batch of CASH!! Stop holding back investor money. For the record I believe you and your team have done the worst job you could have, it is a disgrace that you hold back investor cash. You need to hike the interest rates to reflect the risk investors are now clearly taking. |
|
|
|
Post by Harland Kearney on Aug 25, 2020 21:53:34 GMT
The return of the self-like button.
|
|
