mikes1531
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Post by mikes1531 on Oct 14, 2016 20:27:56 GMT
#342 drew down today, and I received a three figure allocation. That was more than I was expecting from a relatively small loan (£170k), so I didn't have much spare cash in my MLIA, and my allocation was limited by the available funds. Does anyone know what the maximum allocation was? Yes, I was caught out by this as well, I got £409.34 which appears to have cleaned out my small float. Wow! I never would have expected an allocation that large. I expect this may be telling us something about the number of remaining MLIA investors, or the division of new loans between QAA/30DAA and GBBAs and MLIAs, or... But I'm not sure exactly what. Perhaps a bit more data from the other loan still expecting to drawdown today -- HAH! -- or the two loans expected to draw down on Monday will give us a bit more info to work on. PS. Steerpike: Thanks for your quick response. And I should have mentioned that my allocation was smaller than yours.
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tonyr
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Post by tonyr on Oct 15, 2016 16:10:57 GMT
#342 drew down today, and I received a three figure allocation. That was more than I was expecting from a relatively small loan (£170k), so I didn't have much spare cash in my MLIA, and my allocation was limited by the available funds. Does anyone know what the maximum allocation was? Yes, I was caught out by this as well, I got £409.34 which appears to have cleaned out my small float. Humpf - I only got £384.20 (only one transaction, 17:35 yesterday). I had cash available, I wonder why I didn't get more?
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Steerpike
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Post by Steerpike on Oct 15, 2016 16:35:56 GMT
Well mikes1531 I think it has been mentioned elsewhere but there is much more available on the "secondary market" than I have seen for some time, mostly low rate loans, and this may well be having an impact on all parts of the AC market. |
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bababill
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Post by bababill on Oct 16, 2016 11:54:20 GMT
I didn't invest in #342 but #343 and I received just over £1,000 much to my surprise...I expected only maybe a couple hundred if that. Maybe if I am lucky my recently repaid loan last week #246 will be re-invested with less withdrawals then I thought.
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iren
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Post by iren on Oct 16, 2016 22:18:12 GMT
Well mikes1531 I think it has been mentioned elsewhere but there is much more available on the "secondary market" than I have seen for some time, mostly low rate loans, and this may well be having an impact on all parts of the AC market. Yes. I put several extra thousand in to the MLIA last week. The whole lot went into existing targets because of the glut in investment capacity, leaving me buying just £10.40 of 342 with some interest paid to me on the day.
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mikes1531
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Post by mikes1531 on Oct 18, 2016 2:58:17 GMT
Yes, I was caught out by this as well, I got £409.34 which appears to have cleaned out my small float. Wow! I never would have expected an allocation that large. I expect this may be telling us something about the number of remaining MLIA investors, or the division of new loans between QAA/30DAA and GBBAs and MLIAs, or... But I'm not sure exactly what. I wondered whether the larger than expected MLIA allocations might have been the result of #342 not being eligible for the GBBA -- possibly because of the LTV being over 70% -- but AC have confirmed that this loan is GBBA-eligible.
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Post by Ton ⓉⓞⓃ on Oct 18, 2016 20:39:40 GMT
A short small 8% £55k loan just appeared without going thru the pipeline: No345 it tranche6 for someone
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adrianc
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Post by adrianc on Oct 18, 2016 21:58:31 GMT
A short small 8% £55k loan just appeared without going thru the pipeline: No345 it tranche6 for someone It didn't completely skip the pipeline - it was on the upcoming earlier today. T6 for 326/315/293/286/252, taking the borrower to about £625k total.
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Post by chielamangus on Oct 24, 2016 11:02:54 GMT
There is about £4.9m of new loans due today and another £1.2m due in the next couple of days, yet there's no discussion of them. At one time, the AC thread was the busiest on this forum and now it is deathly quiet. Has interest in the AC offering fallen off so much? Is it "moderation" killing off discussion? Or is everything so clear with AC loans that no discussion is necessary?
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jonno
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nil satis nisi optimum
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Post by jonno on Oct 24, 2016 12:08:10 GMT
There is about £4.9m of new loans due today and another £1.2m due in the next couple of days, yet there's no discussion of them. At one time, the AC thread was the busiest on this forum and now it is deathly quiet. Has interest in the AC offering fallen off so much? Is it "moderation" killing off discussion? Or is everything so clear with AC loans that no discussion is necessary? Undoubtedly interest in the AC offering has fallen off.
In more ways than one. 
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Post by Butch Cassidy on Oct 24, 2016 12:14:27 GMT
There is about £4.9m of new loans due today and another £1.2m due in the next couple of days, yet there's no discussion of them. At one time, the AC thread was the busiest on this forum and now it is deathly quiet. Has interest in the AC offering fallen off so much? Is it "moderation" killing off discussion? Or is everything so clear with AC loans that no discussion is necessary? Sadly self inflicted result of AC's change of direction; pricing for liquidity not risk so rates are no longer competitive, AC sponsored collective accounts given absolute priority in both PM & SM allocations, MLIA holders basically told that they are no longer needed & can leave due to a combination of those factors.
Why would the active investors (most likely MLIA holders) waste their time with DD when allocations are so small (<£100) & uncertain when they can get returns of upto double AC rates for similar risk levels elsewhere?
No blame can be put on the unpaid, volunteer moderators, who IMHO, do a fantastic job often in difficult & testing circumstances - I certainly wouldn't have the time or patience to do it.
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Post by chielamangus on Oct 24, 2016 12:25:01 GMT
There is about £4.9m of new loans due today and another £1.2m due in the next couple of days, yet there's no discussion of them. At one time, the AC thread was the busiest on this forum and now it is deathly quiet. Has interest in the AC offering fallen off so much? Is it "moderation" killing off discussion? Or is everything so clear with AC loans that no discussion is necessary? Sadly self inflicted result of AC's change of direction; pricing for liquidity not risk so rates are no longer competitive, AC sponsored collective accounts given absolute priority in both PM & SM allocations, MLIA holders basically told that they are no longer needed & can leave due to a combination of those factors.
Why would the active investors (most likely MLIA holders) waste their time with DD when allocations are so small (<£100) & uncertain when they can get returns of upto double AC rates for similar risk levels elsewhere?
No blame can be put on the unpaid, volunteer moderators, who IMHO, do a fantastic job often in difficult & testing circumstances - I certainly wouldn't have the time or patience to do it.
Agree about AC's policy change and its impact on MLIA investors. But with £5m coming up, most at 11.5 per cent, I thought there would be a revival of interest. Money flows between platforms very quickly in response to incentives. I would expect most people on this forum would be following at least four platforms,and some seem to be on double this number.
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SteveT
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Post by SteveT on Oct 24, 2016 13:03:39 GMT
I've given up chasing any new loan launches on AC, partly because around 95% of them are of no interest to me (sub 10%), partly because MLIA lenders are generally allotted peanuts and partly because the long-promised MLIA tools to reserve funds for new loans, etc, have never materialised.
As to this latest diamond loan, I suspect it will be fairly simple to accumulate whatever I want via the SM over a few days / weeks post-launch. Saves a lot of needless messing around.
As per previous post, it appears that MLIA lenders are at the very bottom of AC's priority list these days.
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adrianc
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Post by adrianc on Oct 24, 2016 13:11:53 GMT
I've given up chasing any new loan launches on AC, partly because around 95% of them are of no interest to me (sub 10%), partly because MLIA lenders are generally allotted peanuts and partly because the long-promised MLIA tools to reserve funds for new loans, etc, have never materialised. As to this latest diamond loan, I suspect it will be fairly simple to accumulate whatever I want via the SM over a few days / weeks post-launch. Saves a lot of needless messing around. As per previous post, it appears that MLIA lenders are at the very bottom of AC's priority list these days. My new-to-AC experience differs markedly from that, I have to say. After trying - and failing miserably - to get any money invested in the GBBA and GEIA, I took the time to go through the MLIA accounts, and set investment instructions for all those I'm interested in. And... they're filling rapidly. All the money that the GBBA/GEIA was uninterested in has been invested - and much more.
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SteveT
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Post by SteveT on Oct 24, 2016 13:20:08 GMT
Exactly. No real need to chase the new loans as they launch by tring to have cash available at the right moment. Simply set targets at your leisure (for the few loans that are worthwhile) and leave the shrapnelator to do its thing over time.
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