agent69
Member of DD Central
Posts: 6,051 
Likes: 4,440
|
Post by agent69 on Mar 25, 2016 9:24:23 GMT
Too may loans or too low rates? There are several loans on the list with 40 - 50% available, and most appear to be recent ones. I can't see that the current system of lower rates is going to be sustainable. The SM is going to get more saturated and the more this happens the less likely people will be to invest (given liquidating assets at par will become difficult). I'm struggling to reinvest repayments, let alone invest new money. Just haven't been impressed by most of the recent offerings
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Mar 25, 2016 10:27:17 GMT
Too may loans or too low rates? There are several loans on the list with 40 - 50% available, and most appear to be recent ones. I can't see that the current system of lower rates is going to be sustainable. The SM is going to get more saturated and the more this happens the less likely people will be to invest (given liquidating assets at par will become difficult). I'm struggling to reinvest repayments, let alone invest new money. Just haven't been impressed by most of the recent offerings Poor ol AC, pilloried for famine for years(?) and now pilloried for feast. Actually it seems to me that they are in quite a good place at the moment, and I have been happy to pick up some stuff on the SM. And I really don't feel the drag when I'm getting 3.75%
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Mar 25, 2016 10:38:32 GMT
I wonder whether most of the investors who might look at the current 7%-8.75% offers prefer to be in one of the 7% accounts with provision fund. I certainly don't demand 12%+ on everything, but sub 9% does suggest that AC considers these particularly low risk, and I think the drop in rates has probably gone too far, considering the P2P market as a whole.
Maybe they are just there as IF ISA fodder.
|
|
trouble
Member of DD Central
Posts: 127
Likes: 97
|
Post by trouble on Mar 25, 2016 11:05:15 GMT
Having so much available gives AC the chance to grow the investor numbers and total investment, which must have been pretty static during the dearth of availability months as they couldn't even feed us via the MLIA.
Looking at what's available now then clearly there wasn't as much demand as was made out on these forums by existing investors given all the slugs now available, so maybe the silly ''how much will be available to the MLIA'' questions can now disappear.
The bigger the investor numbers the wider the size, type, price. This is much better right now and sets them up very well for the ISA launch. £35k per person available over the next 13 months to invest tax free so as a platform if you don't have stuff available then boat missed on ISA launch day which would be criminal.
This is reaching critical mass now with loan availability where not everyone likes every loan which is how it should be, if we all liked every loan then the price and security are too good, and it would be a small pond to fish in as we have seen.
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Mar 25, 2016 11:15:40 GMT
I wonder whether most of the investors who might look at the current 7%-8.75% offers prefer to be in one of the 7% accounts with provision fund. I certainly don't demand 12%+ on everything, but sub 9% does suggest that AC considers these particularly low risk, and I think the drop in rates has probably gone too far, considering the P2P market as a whole. Maybe they are just there as IF ISA fodder. Put me in that group. Not sure what my cutover is, as I was targeting some sub 9% but not others. My largest AC holding ever until recently was at 8% as I liked the security but now we are in feast mode I will be needing more than 8% to extract cash from GBBA currently. 100% agree with the comments about AC being moaned at with both feast and famine! The other thing is to look at the loans which are due to repay soon. Ok, there is an extension to the 1m+ which was due, but there is still a raft of cash hopefully coming back within the few weeks which will have to find a new home. More interesting from my perspective, AC, MT and SS all in feast mode together!
|
|
|
|
Post by Deleted on Mar 25, 2016 11:23:28 GMT
I suspect AC have a core strategy which is to develop their various managed accounts offering between 3.5 and 7 percent. Individual loans are actually not that interesting to them as they are mere corn to the core mill. That many of the loans are un-attractive has been true for sometime, what is happening is they were beaten up in 2015 for lack of loans so they have decided to offer loads of loans in 2016, trouble is, to get this volume of loan they have had to drop the rate. Guess what, people don't like these loans at these rates.
I could point out that Andrew H made the point that "that if you don't like the loans don't invest in them" and maybe this is what is happening. Hopefully there will be enough newbies excited investors and middlemen ISA driven institutions and non-isa driven institutions to suck up these loans.
I continue to be a fan of AC's wind turbine business which I think is a great example of what P2P can be and AC should be commended for them.
Many portals have lots of loans available, take the opportunity to chose the ones you want, I suspect once the ISA products become available we will hit a desert for a time (but time passes and ISA will just become an annual pulse)
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
|
Post by jonno on Mar 25, 2016 11:24:53 GMT
Disagree with the feast/famine comments. Even after a famine, copious amounts of swill will not necessarily hit the spot.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Mar 25, 2016 11:34:01 GMT
Disagree with the feast/famine comments. Even after a famine, copious amounts of swill will not necessarily hit the spot. I liked to varying degrees 246 244 241 239 225 223 218 and 205
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Mar 25, 2016 11:36:20 GMT
... I continue to be a fan of AC's wind turbine business which I think is a great example of what P2P can be and AC should be commended for them... With that probably coming to a juddering halt soon, I wonder what AC have in mind so their (formerly) much trumpeted GEIA account can continue.
|
|
|
|
Post by chris on Mar 25, 2016 11:56:48 GMT
... I continue to be a fan of AC's wind turbine business which I think is a great example of what P2P can be and AC should be commended for them... With that probably coming to a juddering halt soon, I wonder what AC have in mind so their (formerly) much trumpeted GEIA account can continue. We're working on something potentially big for that account but it's going to take a few months to execute. Market conditions haven't been the best which is frustrating considering the early promise of that account.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,333
Likes: 11,552
|
Post by ilmoro on Mar 25, 2016 12:11:51 GMT
... I continue to be a fan of AC's wind turbine business which I think is a great example of what P2P can be and AC should be commended for them... With that probably coming to a juddering halt soon, I wonder what AC have in mind so their (formerly) much trumpeted GEIA account can continue. There's a nice nuclear power station that is apparently is short of a few bob for its construction.  Edit - that would certainly fit Chris' definition of 'potentially big' - hang on folks, we're off to bail out the French 
|
|
registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
|
Post by registerme on Mar 25, 2016 12:27:08 GMT
With that probably coming to a juddering halt soon, I wonder what AC have in mind so their (formerly) much trumpeted GEIA account can continue. There's a nice nuclear power station that is apparently is short of a few bob for its construction. Edit - that would certainly fit Chris' definition of 'potentially big' - hang on folks, we're off to bail out the French You beat me to it, I was just going to suggest Hinkley Point C as needing fairly chunky funding  .
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Mar 25, 2016 12:46:15 GMT
Rolls Royce are trying to get the Government interested in a network of much smaller (and cheaper) nuclear facilities based around their submarine reactor technology. Still might be a little too chunky for P2P-backed financing though |
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
|
Post by jonno on Mar 25, 2016 12:56:26 GMT
Rolls Royce are trying to get the Government interested in a network of much smaller (and cheaper) nuclear facilities based around their submarine reactor technology. Still might be a little too chunky for P2P-backed financing though At least compared to the huge French reactors, the submarine reactors should be easier to fathom and should go down well
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Mar 25, 2016 13:08:09 GMT
This is a submarine reactor: Attachments:
|
|
.
