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 2, 2023 9:15:32 GMT
As of July 31Capital outstanding £114.2m Free Cash £7.3m Outstanding funding commitments £4.1m Loans 249 Default 41 (includes 7 with nominal amounts) £15m No payment interest July - 48 (£15m incl default but not those default making interest payments ) Repaid 4 (£740K) Capital repaid £1.25m v scheduled £11m (usual can kicking suspects) Drawdowns £350k v scheduled £630K Cash flow +£1m v £11.6m Interest received c459k representing approx 114% of sum needed to pay 4% before the lender fee. As of 31 Aug Capital outstanding £112.8m Free Cash £7.5m Outstanding funding commitments £3.5m Loans 245 Default 41 (includes 7 with nominal amounts) £15m No payment interest Aug - £26.6m (excludes non-arrears defaults) Repaid 5 (£1.5m) Capital repaid £1.9m v scheduled £16m (usual can kicking suspects) Drawdowns £512k v scheduled £460K Cash flow +£1.4m v £16.1m Interest received c474k representing approx 118% of sum needed to pay 4% before the lender fee. Lot of extensions in Aug, both formal & administrative
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rscal
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Post by rscal on Sept 2, 2023 10:13:47 GMT
Great work ilmoro Where you say: are these 'unredeemed' boldened amounts cumulative (since you began) or just for the month? Thanks |
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dh1
Member of DD Central
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Post by dh1 on Sept 2, 2023 15:59:01 GMT
Many thanks, ilmoro - fantastic work! For those like me whose brains turn to mush at the mere mention of AC straightforward infromation like that is brilliant. Any chance you can work out what the hell is going on at Ablrate? Rhetorical question! |
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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 Sept 2, 2023 19:04:31 GMT
Great work ilmoro Where you say: are these 'unredeemed' boldened amounts cumulative (since you began) or just for the month? Thanks They are the amounts for the month that would have happened if the expected sums under the original schedules (or carried forward) had been paid as expected. ie a loan was due to redeem or a drawdown was scheduled. Basically it just shows where we would be if life was perfect ... & the degree of uncertainty in the whole process. It's like that advert where the ball rolls & gets trapped by Messi & smashed back into the goal ... one day it will be reality & millions will be repaid 😂
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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 Sept 2, 2023 19:14:00 GMT
Many thanks, ilmoro - fantastic work! For those like me whose brains turn to mush at the mere mention of AC straightforward infromation like that is brilliant. Any chance you can work out what the hell is going on at Ablrate? Rhetorical question! Yeah fine ... if you could send the cash for a trip to Dubai I'll get right on it ...
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dh1
Member of DD Central
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Post by dh1 on Sept 2, 2023 21:07:36 GMT
ilmoro Would a promisory note based on a guaranteed 100% return of my Ablrate investment do? I see those winged porcine things fluttering past...
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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 Sept 5, 2023 13:28:03 GMT
Its seems there has been a meeting of the PTB for the Provision fund and payments have been granted for a number of loans (up to 5 - cant see updates for 2) held by AA, GBBA2 & PSA. Payouts due by end of month.
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rscal
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Post by rscal on Sept 7, 2023 18:12:03 GMT
Its seems there has been a meeting of the PTB for the Provision fund and payments have been granted for a number of loans (up to 5 - cant see updates for 2) held by AA, GBBA2 & PSA. Payouts due by end of month. PF payouts have been made today [7 Sept] for the five 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
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Sept 7, 2023 18:34:20 GMT
Its seems there has been a meeting of the PTB for the Provision fund and payments have been granted for a number of loans (up to 5 - cant see updates for 2) held by AA, GBBA2 & PSA. Payouts due by end of month. PF payouts have been made today [7 Sept] for the five loans. I look forward to reading the notifications 😉
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Post by overthehill on Sept 7, 2023 19:18:41 GMT
Its seems there has been a meeting of the PTB for the Provision fund and payments have been granted for a number of loans (up to 5 - cant see updates for 2) held by AA, GBBA2 & PSA. Payouts due by end of month. PF payouts have been made today [7 Sept] for the five loans.
£185 I didn't think I was going to see again. That makes my worst loss the greek loan papadopoflightoutofukous at about £150... plus interest
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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 Sept 8, 2023 10:06:34 GMT
Its seems there has been a meeting of the PTB for the Provision fund and payments have been granted for a number of loans (up to 5 - cant see updates for 2) held by AA, GBBA2 & PSA. Payouts due by end of month. PF payouts have been made today [7 Sept] for the five loans. Its actually 8 for the AA as they have also paid out 3 of the loans that were determined irrecoverable.
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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 Sept 14, 2023 10:52:48 GMT
Mid month cash distribution surprise
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Post by bob2010 on Sept 14, 2023 11:01:55 GMT
Mid month cash distribution surprise Thanks for the heads up! I think we're due a quarterly update this week
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Post by frank121 on Sept 14, 2023 11:40:42 GMT
Mid month cash distribution surprise Thanks for the heads up! I think we're due a quarterly update this week Indeed many thanks for surprise Ilmoro, wouldn't it be great if Assetz kept us informed lol. 
So are we really gonna get some good news this month? What is everyones thoughts on AC keeping to their word on reducing the fee as below? I am least hoping the fee will be lowered so I can least start to see some return on my investment.
For the period of June-September 2023 – 6.25% pa of performing loans
October 2023 to December 2024 - 0.9% pa of performing loans
Post December 2024 no fee expected
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rscal
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Post by rscal on Sept 14, 2023 12:10:39 GMT
Thanks for the heads up! I think we're due a quarterly update this week Indeed many thanks for surprise Ilmoro, wouldn't it be great if Assetz kept us informed lol.
So are we really gonna get some good news this month? What is everyones thoughts on AC keeping to their word on reducing the fee as below? I am least hoping the fee will be lowered so I can least start to see some return on my investment.
For the period of June-September 2023 – 6.25% pa of performing loans
October 2023 to December 2024 - 0.9% pa of performing loans
Post December 2024 no fee expected
[Just in time as those FOS complaints land on adjudicator desks..] But do remember that everything is a month in arrears - so 'September' is billed on 1st October and the Fees (as currently projected) would last be collected during the month of February.
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