jlend
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Post by jlend on Sept 28, 2020 12:27:45 GMT
You updated in January 2020 and April 2020 in the new regulatory format. Should we assume the next one will be April 2021? Thanks Those are updated quarterly and is clearly overdue but is done and in the queue to be published having checked. It is the individual account pages that could potentially be updated more often and I have suggested that is done. Thanks I think that would help AC. If you could check if the regulations allow the loan and performance page to be updated more frequently that would help as well. It covers the whole loan book rather than just the access accounts, but none the less would give lenders a view of performance in general as well. If the updates to the loan and performance table and the 3 access account stats pages could all be done at the same time going forward that would be good as well.
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jlend
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Post by jlend on Sept 28, 2020 13:30:16 GMT
Does the recent extension of the CBIL scheme have any impact on AC's plans for restarting retail lending?
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Post by stuartassetzcapital on Sept 28, 2020 13:43:17 GMT
Does the recent extension of the CBIL scheme have any impact on AC's plans for restarting retail lending? It is a separate funding process so no it doesn't and we have restarted retail lending now and volume will increase.
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Post by stuartassetzcapital on Sept 28, 2020 13:52:20 GMT
This thread now needs to close as there is a new public system for these type of questions where we answer them on the website for all to see.
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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 28, 2020 14:34:05 GMT
This thread now needs to close as there is a new public system for these type of questions where we answer them on the website for all to see. Where do we find it?
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dead-money
Rocket to the Moon
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Post by dead-money on Sept 28, 2020 14:40:53 GMT
So how does one interpret these numbers?
>>
Provision Fund performance As at 31 August 2020
Value of investment outstanding 90D 30D QAA
£69.30m £65.9M £60.1M
Value of Provision Fund
£ 0.12m £ 0.17M £ 0.07M
Value of ring-fenced amounts held in addition to Provision Fund value
£ 2.24m £ 2.12M £ 1.94M
<<
What value should we place on the £50M+ of loans in default?
Is the £6M the AAs have in #227 worth £4M as per the capital valuation? And when might that value materialise?
In the absence of meaningful recoveries for the long defaulted loans and developments in administration, I would write that £50M down to Zero.
If you believe otherwise please explain and provide the figures to back up the valuation of these deliquent loans.
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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
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Post by ilmoro on Sept 28, 2020 14:55:42 GMT
So how does one interpret these numbers?
>>
Provision Fund performance As at 31 August 2020
Value of investment outstanding 90D 30D QAA
£69.30m £65.9M £60.1M
Value of Provision Fund
£ 0.12m £ 0.17M £ 0.07M
Value of ring-fenced amounts held in addition to Provision Fund value
£ 2.24m £ 2.12M £ 1.94M
<<
What value should we place on the £50M+ of loans in default?
Is the £6M the AAs have in #227 worth £4M as per the capital valuation? And when might that value materialise?
In the absence of meaningful recoveries for the long defaulted loans and developments in administration, I would write that £50M down to Zero.
If you believe otherwise please explain and provide the figures to back up the valuation of these deliquent loans.
The AAs dont have £6m in #227, they have £236k, worth £158k with the rest presumably included in the existing PF ringfencing. When it materialises is currently an open question in the hands of MLA/GBBA investors There is no evidence to support a zero writedown as only 6 loans (linked) have ever returned zero (AA holdings about £180k)
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jlend
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Post by jlend on Sept 28, 2020 14:58:28 GMT
So how does one interpret these numbers?
>>
Provision Fund performance As at 31 August 2020
Value of investment outstanding 90D 30D QAA
£69.30m £65.9M £60.1M
Value of Provision Fund
£ 0.12m £ 0.17M £ 0.07M
Value of ring-fenced amounts held in addition to Provision Fund value
£ 2.24m £ 2.12M £ 1.94M
<<
What value should we place on the £50M+ of loans in default?
Is the £6M the AAs have in #227 worth £4M as per the capital valuation? And when might that value materialise?
In the absence of meaningful recoveries for the long defaulted loans and developments in administration, I would write that £50M down to Zero.
If you believe otherwise please explain and provide the figures to back up the valuation of these deliquent loans.
My understanding which may be wrong. There is only £236,700.01 of #227 in the access accounts not £4m, so a value of £159,259 based on the capital valuation currently, inferring I assume £78,441 to be ring fenced across the 3 access account PFs pro rata at the moment until anything changes. If a different amount is ring fenced I have no idea how the ring fencing works... You could go through all the loans with a reduced capital valuation and work out what the loss might currently be estimated at and what the PF ring fencing might be. It would help if AC simply published the amount of PF cash ring fenced for each loan but they don't do that currently.
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ian
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Post by ian on Sept 28, 2020 16:32:29 GMT
This thread now needs to close as there is a new public system for these type of questions where we answer them on the website for all to see. You haven’t answered the questions posed on here .... maybe you should employ CB25 & puddkedick we get more information from them !
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Post by stuartassetzcapital on Sept 28, 2020 16:47:03 GMT
This thread now needs to close as there is a new public system for these type of questions where we answer them on the website for all to see. Where do we find it? It was provided on the last lender update email I understand
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Post by stuartassetzcapital on Sept 28, 2020 16:52:53 GMT
So how does one interpret these numbers?
>>
Provision Fund performance As at 31 August 2020
Value of investment outstanding 90D 30D QAA
£69.30m £65.9M £60.1M
Value of Provision Fund
£ 0.12m £ 0.17M £ 0.07M
Value of ring-fenced amounts held in addition to Provision Fund value
£ 2.24m £ 2.12M £ 1.94M
<<
What value should we place on the £50M+ of loans in default?
Is the £6M the AAs have in #227 worth £4M as per the capital valuation? And when might that value materialise?
In the absence of meaningful recoveries for the long defaulted loans and developments in administration, I would write that £50M down to Zero.
If you believe otherwise please explain and provide the figures to back up the valuation of these deliquent loans.
My understanding which may be wrong. There is only £236,700.01 of #227 in the access accounts not £4m, so a value of £159,259 based on the capital valuation currently, inferring I assume £78,441 to be ring fenced across the 3 access account PFs pro rata at the moment until anything changes. If a different amount is ring fenced I have no idea how the ring fencing works... You could go through all the loans with a reduced capital valuation and work out what the loss might currently be estimated at and what the PF ring fencing might be. It would help if AC simply published the amount of PF cash ring fenced for each loan but they don't do that currently. Yes that £78k logic is correct and indeed that is the ringfencing cash held as otherwise the loans couldn't trade in the AAs and would have been extracted - which none have to date. There is some enhanced wording on the PF and ringfencing rules/ process coming to make things clearer. One of the things up for potential release is detailed ringfencing per loan but at present everything needing ringfencing is ringfenced in cash held in the PF and is what makes up those total figures quoted. that's why nothing has been published to date in detail because every penny of ringfencing requirement under the RF rules is indeed ringfenced in cash held in the PFs.
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blender
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Post by blender on Sept 28, 2020 17:05:01 GMT
It was provided on the last lender update email I understand This one?
'We’ve created a panel from across our business to help answer your questions. Simply submit your question and we will try to answer as many as possible. Look out for responses in our next lender update. askourpanel@assetzcapital.co.uk subject=Ask our panel '
Not quite what we have been accustomed to, but I think Stuart has some more important tasks -- like working on getting those withdrawals more speedy.
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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
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Post by ilmoro on Sept 28, 2020 17:26:15 GMT
It was provided on the last lender update email I understand I meant the answers on the website but seems they will actually be provided via the lender update emails (are they also on the website? - i can nver find a link to the blog so may have missed these as well), so monthly I would guess
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jlend
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Post by jlend on Sept 28, 2020 18:52:05 GMT
It was provided on the last lender update email I understand I meant the answers on the website but seems they will actually be provided via the lender update emails (are they also on the website? - i can nver find a link to the blog so may have missed these as well), so monthly I would guess
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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
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Post by ilmoro on Sept 28, 2020 19:47:20 GMT
I meant the answers on the website but seems they will actually be provided via the lender update emails (are they also on the website? - i can nver find a link to the blog so may have missed these as well), so monthly I would guess Thanks but how do I get to it from the AC site, I cant see any reference to it in the menu
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