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Post by Ace on Aug 25, 2020 22:37:33 GMT
The protection fund isnt funding new loans/tranches, they are funded from the cash element of the AA. AC have just attracted a big chunk of new money from a AROS Capital. However, lets consider some rough numbers. About 25% of the AA holdings arent paying interest in the MLA either in arrears, default, forbearance or rolled up at term. The average interest rate on the performing loans is 6.7%, About 25% of the loans are development loans, many of which would go into default without the AA to fund new tranches, plus any loans requiring forbearance which couldnt be granted. So strong possibility in the next few months that up to half the holdings wouldnt pay interest, so knock rate down to 4.5%. No option to sell out of suspended loans, even at a discount, and your not going to be able to sell out of sub 6% loans without hefty discount, nor any developments if they are likely to collapse in the short term due to lack of funding so potentially much of your portfolio is stuck. Losses will be losses, no bailout fund on any loans Doesnt seem hugely attractive to me but as AC have suggested its something they are considering so you might have the option at some point If so how much is the cash held in the access account? How much is held in the provision fund? Have AC communicated this to anyone? I have seen nothing. They are VERY POOR with their communication and being TRANSPARENT to investors. This really does show that you haven't bothered to read the basic information about the fund that you decided to invest in. No wonder you are so frustrated and confused.
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johni
Member of DD Central
Posts: 369 
Likes: 329
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Post by johni on Aug 25, 2020 22:43:25 GMT
Can you share a communication from AC that shows the cash element is different to the provision fund? If so how much is the cash held in the access account? How much is held in the provision fund? Have AC communicated this to anyone? I have seen nothing. They are VERY POOR with their communication and being TRANSPARENT to investors. THe QAA currently holds £67m (so free cash about £7m) form 15,277 investors, the PF held £70k cash on 30 june with £1.32m allocated to cover predicted losses on defaulted loans. Try reading some of the account info, accessible from the menu under accounts on the main AC home page or from the three dots on the dashboard box for the relevant account (about account), its all there. You mean jasonnewman should spend 5 minutes actually looking at the mass of information on site. This is far too hard. Much easier to criticise and put out lots of false information.
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Post by madmitch on Aug 25, 2020 22:48:26 GMT
...and then press the like button on your own post!
Quite unbelievable.
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Post by jasonnewman on Aug 25, 2020 22:51:33 GMT
THe QAA currently holds £67m (so free cash about £7m) form 15,277 investors, the PF held £70k cash on 30 june with £1.32m allocated to cover predicted losses on defaulted loans. Try reading some of the account info, accessible from the menu under accounts on the main AC home page or from the three dots on the dashboard box for the relevant account (about account), its all there. You mean jasonnewman should spend 5 minutes actually looking at the mass of information on site. This is far too hard. Much easier to criticise and put out lots of false information. There was specific information on each access account previously which is no longer shown. I don't see the above information from looking at my phone. Why is £7m cash being held back rather then released to investors? The management should communicate better how much of this £7m is expected to fund future loans...…. The site is very confusing indeed, it no longer makes sense.
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Post by jasonnewman on Aug 25, 2020 22:53:25 GMT
On my understanding there’s about £216m in AA of which £24m (circa) is in cash and £192m (circa) is in loans. of that £192m circa £4.6m is ring fenced against circa 97.61% capital valuation gap. Unallocated cash (not set off against ring fenced amounts) in the provision fund is probably a couple of £100k. Why are these figures different to what Illmoro said - You see I AM NOT THE ONLY one to be confused with AC!! £24m cash above vs Ilmoro £7m figure...…. THe QAA currently holds £67m (so free cash about £7m) form 15,277 investors, the PF held £70k cash on 30 june with £1.32m allocated to cover predicted losses on defaulted loans. Try reading some of the account info, accessible from the menu under accounts on the main AC home page or from the three dots on the dashboard box for the relevant account (about account), its all there.
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Post by jasonnewman on Aug 25, 2020 22:55:17 GMT
On my understanding there’s about £216m in AA of which £24m (circa) is in cash and £192m (circa) is in loans. of that £192m circa £4.6m is ring fenced against circa 97.61% capital valuation gap. Unallocated cash (not set off against ring fenced amounts) in the provision fund is probably a couple of £100k. Why are these figures different to what Illmoro said - You see I AM NOT THE ONLY one to be confused with AC!! £24m cash above vs Ilmoro £7m figure...…. THe QAA currently holds £67m (so free cash about £7m) form 15,277 investors, the PF held £70k cash on 30 june with £1.32m allocated to cover predicted losses on defaulted loans. Try reading some of the account info, accessible from the menu under accounts on the main AC home page or from the three dots on the dashboard box for the relevant account (about account), its all there. £24m sat in ac accounts whilst investors are selling at large discounts and other investors needing their cash. Total disgrace. RELEASE THE CASH AC!!
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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: 11,329
Likes: 11,549
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Post by ilmoro on Aug 25, 2020 23:00:37 GMT
On my understanding there’s about £216m in AA of which £24m (circa) is in cash and £192m (circa) is in loans. of that £192m circa £4.6m is ring fenced against circa 97.61% capital valuation gap. Unallocated cash (not set off against ring fenced amounts) in the provision fund is probably a couple of £100k. Why are these figures different to what Illmoro said - You see I AM NOT THE ONLY one to be confused with AC!! £24m cash above vs Ilmoro £7m figure...…. THe QAA currently holds £67m (so free cash about £7m) form 15,277 investors, the PF held £70k cash on 30 june with £1.32m allocated to cover predicted losses on defaulted loans. Try reading some of the account info, accessible from the menu under accounts on the main AC home page or from the three dots on the dashboard box for the relevant account (about account), its all there. If you read them very carefully you will note that there is Q in my figures as I am referring to the QAA only whereas Dees has no Q so is referring to all the AA (QAA/30DAA/90DAA) in total. I couldnt be bothered to do all the maths. My toes were getting cold so I put my socks back on
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dead-money
Rocket to the Moon
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Likes: 654
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Post by dead-money on Aug 25, 2020 23:08:34 GMT
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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: 11,329
Likes: 11,549
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Post by ilmoro on Aug 25, 2020 23:15:14 GMT
You mean jasonnewman should spend 5 minutes actually looking at the mass of information on site. This is far too hard. Much easier to criticise and put out lots of false information. There was specific information on each access account previously which is no longer shown. I don't see the above information from looking at my phone. Why is £7m cash being held back rather then released to investors? The management should communicate better how much of this £7m is expected to fund future loans...…. The site is very confusing indeed, it no longer makes sense. On your account dashboard, go to the QAA box, click the three dots in the top right corner, click about account, brings up the account info page with holdings, investors, rate, click the key account info button, scroll down and it shows the PF stats. Repeat for the other accounts. Some of this was previously on the dashboard but when the site was redesigned it was moved to allow the IFISA accounts to be on the same page. However, it has always been available on the account pages which can be accessed by scrolling to the bottom of any page and clicking on accounts, then the specific account and so on (doesnt show the number of investors if not logged in) There is also a page of default stats available through a link in key investor info at the bottom or on the individual account stat pages.
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Post by jasonnewman on Aug 26, 2020 9:33:13 GMT
There was specific information on each access account previously which is no longer shown. I don't see the above information from looking at my phone. Why is £7m cash being held back rather then released to investors? The management should communicate better how much of this £7m is expected to fund future loans...…. The site is very confusing indeed, it no longer makes sense. On your account dashboard, go to the QAA box, click the three dots in the top right corner, click about account, brings up the account info page with holdings, investors, rate, click the key account info button, scroll down and it shows the PF stats. Repeat for the other accounts. Some of this was previously on the dashboard but when the site was redesigned it was moved to allow the IFISA accounts to be on the same page. However, it has always been available on the account pages which can be accessed by scrolling to the bottom of any page and clicking on accounts, then the specific account and so on (doesnt show the number of investors if not logged in) There is also a page of default stats available through a link in key investor info at the bottom or on the individual account stat pages. The data is as at end of June? What is the latest information? stuartassetzcapital Can you get your team to publish this data weekly? We WANT to know if the loans are deteriorating and what your company is doing. YOU NEED to be MORE transparent.
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ceejay
Posts: 975
Likes: 1,149
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Post by ceejay on Aug 26, 2020 9:47:37 GMT
On your account dashboard, go to the QAA box, click the three dots in the top right corner, click about account, brings up the account info page with holdings, investors, rate, click the key account info button, scroll down and it shows the PF stats. Repeat for the other accounts. Some of this was previously on the dashboard but when the site was redesigned it was moved to allow the IFISA accounts to be on the same page. However, it has always been available on the account pages which can be accessed by scrolling to the bottom of any page and clicking on accounts, then the specific account and so on (doesnt show the number of investors if not logged in) There is also a page of default stats available through a link in key investor info at the bottom or on the individual account stat pages. The data is as at end of June? What is the latest information? stuartassetzcapital Can you get your team to publish this data weekly? We WANT to know if the loans are deteriorating and what your company is doing. YOU NEED to be MORE transparent. Hey, Jason, you're slacking! You've forgotten to "like" your last three posts! Does this mean that you're beginning to have doubts in your own rantings?
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Mikeme
Member of DD Central
Posts: 428
Likes: 331
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Post by Mikeme on Aug 26, 2020 10:09:37 GMT
The data is as at end of June? What is the latest information? stuartassetzcapital Can you get your team to publish this data weekly? We WANT to know if the loans are deteriorating and what your company is doing. YOU NEED to be MORE transparent. Hey, Jason, you're slacking! You've forgotten to "like" your last three posts! Does this mean that you're beginning to have doubts in your own rantings? ceejay be kind and help him out and "like" for him.
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Post by honda2ner on Aug 26, 2020 18:26:17 GMT
Someone daft enough to constantly like their own posts has issues. Stop feeding the trolls, they are not worth it, everyone please just block his posts then he can post pointless polls and rant at his padded walls all by himself.
Answering daft questions just makes this place dafter.
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