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Post by bracknellboy on Nov 11, 2016 23:12:32 GMT
And the - potentially imaginary - turbine loans continue to be blown to the right...If i recall that now makes the predicted date at least 2 weeks on from the original first advertised drawdown. I think you might be disappointed in your allocation. They are going to be popular. You mean you think its going to be worse than this: p2pindependentforum.com/post/151687
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jj
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Jolly Jammy
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Post by jj on Nov 12, 2016 5:43:49 GMT
Ha ! I am glad you are mentally prepared. I am looking for an average of £100 over the nine windmills and would be disappointed with less than £50.
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agent69
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Post by agent69 on Nov 15, 2016 18:07:05 GMT
Loan 372 - can't work out why somebody with a disposable income of £25k per month (and a personal stash north of £10 mil), needs a short term bridge for £175k.
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adrianc
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Post by adrianc on Nov 15, 2016 18:19:07 GMT
Loan 372 - can't work out why somebody with a disposable income of £25k per month (and a personal stash north of £10 mil), needs a short term bridge for £175k. ...and a CCJ for six hundred quid... Still, there are various press reports easily googleable which do seem to confirm the story. I have no idea of the property market in his "work country" (East African), though, so it may well be that there's some local issue there.
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happy
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Post by happy on Nov 16, 2016 9:17:29 GMT
So what did everyone get on the 3 windmills that drew down yesterday? Strangely I got 2 allocations overnight for each in my GEIA totalling £450 for #356, £150 for #357 and £540 for #358 but in my MLIA I got just over £40 for #356 and nothing so far for the other two. I hope distribution is still in progress otherwise I will be brutally dissapointed with the MLIA allocation  |
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bg
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Post by bg on Nov 16, 2016 9:24:18 GMT
So what did everyone get on the 3 windmills that drew down yesterday? Strangely I got 2 allocations overnight for each in my GEIA totalling £450 for #356, £150 for #357 and £540 for #358 but in my MLIA I got just over £40 for #356 and nothing so far for the other two. I hope distribution is still in progress otherwise I will be brutally dissapointed with the MLIA allocation Same in the MLIA. It's very disappointing to keep pushing back the drawdown date a day at a time for over 2 weeks to then allocate a miserly £40. I expect the 'button hasn't been pressed' for the other two loans. I'm not sure they realise the level of frustration that creates.
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happy
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Post by happy on Nov 16, 2016 9:28:27 GMT
There were a couple of loans that drew down last week that took well over 24 hours to be fully distributed to lenders so I am hoping this is the case with these, if not I will be changing my name to oldgrumpyToo! |
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oldgrumpy
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Post by oldgrumpy on Nov 16, 2016 9:34:15 GMT
It is my opinion that AC would do far better to say outright that all "green" loans will be fully allocated to the GEIA account while there is a shortfall of loans available to it (then put any surplus onto the MLIA SM). Messing around MLIA investors with silly piddling little two figure allocations, while refusing to let those investors know in advance how much cash they are likely to need to fund them, is a disrespectful practice.
I see no reason why these loans should not be exclusive to the GEIA. If people want to invest in them they should open a GEIA. Good value at 7% protected, while 8% is not, though we know 7% is not going to last much longer!
(I did not ask for any of these WT loan parts).
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Post by Deleted on Nov 16, 2016 9:40:30 GMT
Put in a tiny bid on each of the "windmills", so far, one. Really don't understand the process here. Diss-chuffed.  Plus it would be good if the soon to closed real windtimes would hurry up and pay back, as I need to rebalance. |
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tonyr
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Post by tonyr on Nov 16, 2016 9:43:59 GMT
There were a couple of loans that drew down last week that took well over 24 hours to be fully distributed to lenders so I am hoping this is the case with these, if not I will be changing my name to oldgrumpyToo! Agreed. So far I have got £41.90 of #356 and none of #357 or #358. After reading up on them and waiting weeks we deserve much more than this.
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happy
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Post by happy on Nov 16, 2016 10:12:55 GMT
It is my opinion that AC would do far better to say outright that all "green" loans will be fully allocated to the GEIA account while there is a shortfall of loans available to it (then put any surplus onto the MLIA SM). Messing around MLIA investors with silly piddling little two figure allocations, while refusing to let those investors know in advance how much cash they are likely to need to fund them, is a disrespectful practice. I see no reason why these loans should not be exclusive to the GEIA. If people want to invest in them they should open a GEIA. Good value at 7% protected, while 8% is not, though we know 7% is not going to lat much longer! (I did not ask for any of these WT loan parts). Agreed to a point... lack of the promised 'proper' divesification within the GBBA/GEIA coupled with the inability to sell out of specific loans when your comfort level is exceeded or you need funds elsewhere makes the direct MLIA investment route still the favoured option for me, I limit my total GBBA/GEIA investment amount to keep my potential max 20% per loan diversification within my personal loan limit, making them inappropriate for all but a small percentage of my AC money. If they fixed the diversification issue I would probably be happy to go much more towards GBBA/GEIA. Here's hoping this is somewhere near the front of Chris's list of 300 things to do.
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happy
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Post by happy on Nov 17, 2016 7:24:52 GMT
So what did everyone get on the 3 windmills that drew down yesterday? Strangely I got 2 allocations overnight for each in my GEIA totalling £450 for #356, £150 for #357 and £540 for #358 but in my MLIA I got just over £40 for #356 and nothing so far for the other two. I hope distribution is still in progress otherwise I will be brutally dissapointed with the MLIA allocation Same in the MLIA. It's very disappointing to keep pushing back the drawdown date a day at a time for over 2 weeks to then allocate a miserly £40. I expect the 'button hasn't been pressed' for the other two loans. I'm not sure they realise the level of frustration that creates. So....... 36 hours later and it looks like £41.90 each on #356 was the lot for MLIA investors Based on around £850k of loans drawn down that makes 1/20,000th of the windmill loans available to each MLIA investor! Just as well Chris built ACs system to cope with 40 decimal places as MLIA investors might be needing all those places to get anything if the size of loan allocations get any smaller. Heres hoping that these 3 loans have exhausted most of the GEIA backlog and we get more of the next 6 mindmills.......when they draw down..... one today and five for Friday is latest estimate.
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mikes1531
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Post by mikes1531 on Nov 17, 2016 14:15:34 GMT
Heres hoping that these 3 loans have exhausted most of the GEIA backlog and we get more of the next 6 mindmills.......when they draw down..... Or that the drawdown of the new loans allows the GEIAs to rebalance their holdings and release some of the first three loans for more wide distribution. In short, don't delete your unfilled buying instructions.
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happy
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Post by happy on Nov 17, 2016 20:42:53 GMT
Heres hoping that these 3 loans have exhausted most of the GEIA backlog and we get more of the next 6 mindmills.......when they draw down..... Or that the drawdown of the new loans allows the GEIAs to rebalance their holdings and release some of the first three loans for more wide distribution. In short, don't delete your unfilled buying instructions. Having liked your post I thought about it some more and I am not sure you are totally correct. AFAIK the GBBA/GEIA accounts never rebalance as they simply hold the individual holdings purchased on behalf of each investor. There is no buying and selling outside of the initial purchase of the loan units and these will only ever be sold in the event of an investor selling some/all of their GBBA/GEIA holding. I believe that rebalancing is only happening in the QAA.
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mikes1531
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Post by mikes1531 on Nov 18, 2016 4:16:30 GMT
Or that the drawdown of the new loans allows the GEIAs to rebalance their holdings and release some of the first three loans for more wide distribution. In short, don't delete your unfilled buying instructions. Having liked your post I thought about it some more and I am not sure you are totally correct. AFAIK the GBBA/GEIA accounts never rebalance as they simply hold the individual holdings purchased on behalf of each investor. There is no buying and selling outside of the initial purchase of the loan units and these will only ever be sold in the event of an investor selling some/all of their GBBA/GEIA holding. I believe that rebalancing is only happening in the QAA. I'm not sure exactly what the system does at the moment. I believe chris indicated that at one time there was a longer-term plan to build rebalancing of individual accounts into the system. I haven't a clue whether that's still on the wish list or whether AC have gone off that idea. Or perhaps it's already been implemented in some limited way. I have only small GBBA and GEIA investments, and I've never made a withdrawal, yet there have been some sales of holdings (as opposed to principal repayments). I haven't a clue whether those were attempts to rebalance or simply due to the system getting its knickers in a twist. PS: happy: Thanks for Liking my post. If you wish to un-Like it -- or any other post that you've Liked in the past -- you should be aware that you can accomplish that by clicking the Like button again.
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Plus it would be good if the soon to closed real windtimes would hurry up and pay back, as I need to rebalance. 
