ashtondav
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Post by ashtondav on Apr 30, 2021 11:03:19 GMT
4% are fine, but not for the risk. What if AC had gone bust, which is what some speculated online here during the last year? Also: You could have made more than 4% out of the money in these turbulent times. True in equities. But had I gone all in in February i’d Have lost 30% in a couple of weeks. Had I invested in the market 21 years ago I would only have had the dividends. The capital has remained the same. Volatility matters.
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p2pfan
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Post by p2pfan on May 9, 2021 21:22:53 GMT
My MLA holdings are paying down rapidly, but I struggle to get more than a tenth reinvested as there's no meaningful new loan issuance. So that monies gone / going to LoanPad. AC needs to restart the pipeline of new loans pronto, and they'd better be properly new not just rolling over old unrepaid loans into new bridging loans...
When will AC start releasing new loans in the MLA again? Only one low-paying pending loan, that's been there for several weeks. It's getting to the midway point of 2021 and not a sniff of the MLA meaningfully coming back to life.
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ton27
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Post by ton27 on May 10, 2021 15:48:26 GMT
Before AC offer new loans to the MLA, does it not need all current lenders to have opted for an "Exit Account"?
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ptr120
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Post by ptr120 on May 10, 2021 15:52:13 GMT
Before AC offer new loans to the MLA, does it not need all current lenders to have opted for an "Exit Account"? No
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corto
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one-syllabistic
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Post by corto on May 10, 2021 18:45:36 GMT
Before AC offer new loans to the MLA, does it not need all current lenders to have opted for an "Exit Account"? Why do you ask? What I requested months ago to be released from the Access Accounts has all been released by now. What is still in there was my own choice. What is frozen in is an expression of the risk I took. Up to the frozen-in funds I could been all out. Your situation, I doubt, was much different. Best C
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ton27
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Post by ton27 on May 11, 2021 9:59:47 GMT
I understand how new loans could be funded via the underwriters and MLA but how would a development loan be funded if there is no access to QAA etc?
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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 May 11, 2021 11:56:23 GMT
I understand how new loans could be funded via the underwriters and MLA but how would a development loan be funded if there is no access to QAA etc? There is access to the QAA for funding new loans. The deadline for existing investors to opt out of funding new loans & into the exit account has passed. It was an option not a requirement.
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ton27
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Post by ton27 on May 12, 2021 8:54:52 GMT
Thanks-I think I am now up to speed
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Post by davefoz on May 13, 2021 12:03:15 GMT
I was told by someone close to the business that a single investor deposited circa £20m out of the blue last week.
As regards myself Assetz capital was my peer to peer lender of choice 15 months ago. I recommended it to friends, however, whilst they have negotiated the past 12 months reasonably successfully; I have had cause to complain - those complaints, originated 12 months ago are yet to be dealt with by the FSO! At the peak I had circa £500k invested in various accounts, I’m now more or less out, my trust in the firm has evaporated I believe there are much safer / lucrative opportunities out there.
One word of caution, senior management at the company informed me 12 months ago this forum was in part set up and funded by Stuart Law; well done him.
One would hope such involvement does not prevent freedom of opinion.
I have observed the content of the forum with interest, however I do have concern regarding impartiality on the forum. This is increased when reasoned & well constructed posts are dismissed as being wholly negative. Those posts in my opinion were merely highlighting flaws in the companies business model, and are nothing other than fair observations. I would add ‘negative posts’ re financial aspects of the companies performance (again dismissed by certain members) are actually a matter of public record. The company has made significant losses in all bar one year. That said as I said at the beginning one individual must still have a great deal of confidence in the business !
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agent69
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Post by agent69 on May 13, 2021 12:36:20 GMT
I was told by someone close to the business that a single investor deposited circa £20m out of the blue last week. As regards myself Assetz capital was my peer to peer lender of choice 15 months ago. I recommended it to friends, however, whilst they have negotiated the past 12 months reasonably successfully; I have had cause to complain - those complaints, originated 12 months ago are yet to be dealt with by the FSO! At the peak I had circa £500k invested in various accounts, I’m now more or less out, my trust in the firm has evaporated I believe there are much safer / lucrative opportunities out there. One word of caution, senior management at the company informed me 12 months ago this forum was in part set up and funded by Stuart Law; well done him. One would hope such involvement does not prevent freedom of opinion. I have observed the content of the forum with interest, however I do have concern regarding impartiality on the forum. This is increased when reasoned & well constructed posts are dismissed as being wholly negative. Those posts in my opinion were merely highlighting flaws in the companies business model, and are nothing other than fair observations. I would add ‘negative posts’ re financial aspects of the companies performance (again dismissed by certain members) are actually a matter of public record. The company has made significant losses in all bar one year. That said as I said at the beginning one individual must still have a great deal of confidence in the business ! It is common knowledge that AC were instrumental in setting up this forum when the old FC forum was nobbled. I don't think it gives them any special privileges
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alibaba
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Post by alibaba on May 13, 2021 12:48:08 GMT
I was told by someone close to the business that a single investor deposited circa £20m out of the blue last week. As regards myself Assetz capital was my peer to peer lender of choice 15 months ago. I recommended it to friends, however, whilst they have negotiated the past 12 months reasonably successfully; I have had cause to complain - those complaints, originated 12 months ago are yet to be dealt with by the FSO! At the peak I had circa £500k invested in various accounts, I’m now more or less out, my trust in the firm has evaporated I believe there are much safer / lucrative opportunities out there. One word of caution, senior management at the company informed me 12 months ago this forum was in part set up and funded by Stuart Law; well done him. One would hope such involvement does not prevent freedom of opinion. I have observed the content of the forum with interest, however I do have concern regarding impartiality on the forum. This is increased when reasoned & well constructed posts are dismissed as being wholly negative. Those posts in my opinion were merely highlighting flaws in the companies business model, and are nothing other than fair observations. I would add ‘negative posts’ re financial aspects of the companies performance (again dismissed by certain members) are actually a matter of public record. The company has made significant losses in all bar one year. That said as I said at the beginning one individual must still have a great deal of confidence in the business ! I interesting observations, I had a similar amount invested with AC 18 months ago, 50 k still stuck in GBBA1, GBBA2, GEA and MLA, majority of these loans are in default or suspended, AC will have to clear up their previous mistakes before I add another penny, I am sure that there are a similar investors out there who feel the same way.
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alender
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Post by alender on May 13, 2021 18:03:19 GMT
I was told by someone close to the business that a single investor deposited circa £20m out of the blue last week. As regards myself Assetz capital was my peer to peer lender of choice 15 months ago. I recommended it to friends, however, whilst they have negotiated the past 12 months reasonably successfully; I have had cause to complain - those complaints, originated 12 months ago are yet to be dealt with by the FSO! At the peak I had circa £500k invested in various accounts, I’m now more or less out, my trust in the firm has evaporated I believe there are much safer / lucrative opportunities out there. One word of caution, senior management at the company informed me 12 months ago this forum was in part set up and funded by Stuart Law; well done him. One would hope such involvement does not prevent freedom of opinion. I have observed the content of the forum with interest, however I do have concern regarding impartiality on the forum. This is increased when reasoned & well constructed posts are dismissed as being wholly negative. Those posts in my opinion were merely highlighting flaws in the companies business model, and are nothing other than fair observations. I would add ‘negative posts’ re financial aspects of the companies performance (again dismissed by certain members) are actually a matter of public record. The company has made significant losses in all bar one year. That said as I said at the beginning one individual must still have a great deal of confidence in the business ! Looks like you have come on a similar journey to myself although a large investor the amounts invested were less than yours. Also like yourself I am still waiting for the first of my FOM complaints to be processed. From what I know and can guess there are a number of complaints waiting to heard, probably well over the 25 which will incur a fee of £550 or £650 win or lose for AC.
I do not believe this forum has prevented freedom of opinion as I had posted many times about my dislike of AC conduct since the start of the crisis but did find a number of the same posters jumping onto anything I say without evidence or data, some criticised me for things that I had not said and some were just insulting. There has also been talk than anyone who criticises AC on Trust Pilot is then put down by people connected to AC, as I say it is talk so no evidence. It will be up to each of us to decide the motives of these people on this forum. However I will say there are some well informed posters who put up good arguments in favour of AC.
Like yourself, alibaba and other large investors I know there is a great reluctance to invest in AC. In regards to the £20m investor, would be interesting to know if just a retail deposit or an institutional type investor with different deal than normal retail investors.
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Post by bracknellboy on May 13, 2021 18:41:27 GMT
.... One word of caution, senior management at the company informed me 12 months ago this forum was in part set up and funded by Stuart Law; well done him. One would hope such involvement does not prevent freedom of opinion. ... No note of caution required. ACs involvement was to act quickly when a prior incarnation got taken over by FC and shutdown over night with no warning. They funded the first couple of years or so of hosting (pretty small cost TBH) and secured/purchased the domain name. Control in practical terms was handed over in a matter of days to independent individuals, and after the first week or so they ceased to have any moderation or administration control on the forum. Control of the domain was also handed over, and subsequent funding for hosting/retain the domain name has always been by way of contribution from forum members.
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