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Post by df on Oct 27, 2022 17:19:24 GMT
Maybe. But that's a beer  But they will be hoping for an IPO.
If they were intending to ditch and de-prioritise retail punters i doubt they would have re-opened the AA...
Not much chance of an IPO now or probably for some time to come, too many good companies on high yields and many funds heavily discounted to NAV, very few IPOs at present, most of the decent companies wanting to go for an IPO are waiting for better times. Don't think AC give much thought to retail investors and just take them for granted otherwise they would have treated them better and got out of lock in much sooner, also rates are far too low for AAs. They will be happy to take the funds (if any are coming in) and pay a low rate as they do not worry about too much money being withdrawn as they will just have another lock in. I don't know how much thought they give to investors, but I had a very good use of AA accounts even when the funds were locked (during that period the rates were significantly higher than FSCS products had on offer). Now we are in a different environment - current AA rates are not attractive atm.
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alender
Member of DD Central
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Post by alender on Oct 27, 2022 18:59:20 GMT
Not much chance of an IPO now or probably for some time to come, too many good companies on high yields and many funds heavily discounted to NAV, very few IPOs at present, most of the decent companies wanting to go for an IPO are waiting for better times. Don't think AC give much thought to retail investors and just take them for granted otherwise they would have treated them better and got out of lock in much sooner, also rates are far too low for AAs. They will be happy to take the funds (if any are coming in) and pay a low rate as they do not worry about too much money being withdrawn as they will just have another lock in. I don't know how much thought they give to investors, but I had a very good use of AA accounts even when the funds were locked (during that period the rates were significantly higher than FSCS products had on offer). Now we are in a different environment - current AA rates are not attractive atm. I would say very little thought. I got trapped with my company and private accounts. Just before lock in I checked and Assetz said there was no issues with liquidity, I put in to withdraw some funds from my company account (about 10%) to pay expenses and taxes, they made up some excuse that I did not have my bank account verified so they could not pay me. I had sent them the information 6 months before for 2 companies I have, the one with very little money had no problems the other they blocked even though they had the information and have withdrawn money many times into this account. I quickly sent them the information again which they sat on for 2 days and as if by coincidence they processed the information just after lock in (just a few hours) so I was stuck, tried to reason with them but they refused to budge. I then had to take money from a private account to pay these expenses. I then decided to take all my funds out of Assetz and put it into various stocks, mostly oil and gas and some REITS (but like the rest of us stuck for almost a year), however I did with funds that came back from Growth Street, which made a lot from capital gains with regular dividends higher than being paid by AC in interest. In all they caused me a lot of trouble, stress and large loses. Also to note the interest rate in Growth Street was always a fair bit higher than AC with some nice bonuses.
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Post by df on Oct 27, 2022 20:45:18 GMT
I don't know how much thought they give to investors, but I had a very good use of AA accounts even when the funds were locked (during that period the rates were significantly higher than FSCS products had on offer). Now we are in a different environment - current AA rates are not attractive atm. I would say very little thought. I got trapped with my company and private accounts. Just before lock in I checked and Assetz said there was no issues with liquidity, I put in to withdraw some funds from my company account (about 10%) to pay expenses and taxes, they made up some excuse that I did not have my bank account verified so they could not pay me. I had sent them the information 6 months before for 2 companies I have, the one with very little money had no problems the other they blocked even though they had the information and have withdrawn money many times into this account. I quickly sent them the information again which they sat on for 2 days and as if by coincidence they processed the information just after lock in (just a few hours) so I was stuck, tried to reason with them but they refused to budge. I then had to take money from a private account to pay these expenses. I then decided to take all my funds out of Assetz and put it into various stocks, mostly oil and gas and some REITS (but like the rest of us stuck for almost a year), however I did with funds that came back from Growth Street, which made a lot from capital gains with regular dividends higher than being paid by AC in interest. In all they caused me a lot of trouble, stress and large loses. Also to note the interest rate in Growth Street was always a far bit higher than AC with some nice bonuses. Sad story. I'm sorry you had such bad experience. I've never experienced any logistical problems with AC, so never had to contact them. My GS XIRR is 6.72% (this includes some bonuses). My current AC XIRR is 6.65% (also includes some bonuses).
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But they will be hoping for an IPO.