pikestaff
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Post by pikestaff on Nov 1, 2016 7:22:02 GMT
...Changes from initial planning from 30m to 50m towers with larger blades but same max power output. Why do this as the costs will increase significantly with no change in revenue?... Max power is the same but wind will be more consistent and average wind speed speed will be higher. So overall output will be up.
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Post by Ton ⓉⓞⓃ on Nov 1, 2016 8:45:19 GMT
...Changes from initial planning from 30m to 50m towers with larger blades but same max power output. Why do this as the costs will increase significantly with no change in revenue?... Max power is the same but wind will be more consistent and average wind speed speed will be higher. So overall output will be up. AIUI Planning Permission normally allows for certain inaccuracies in building the WT (WindTurbine) and measuring the height of the WT. I think they allow 1metre but in reality there's no need for this as it can be done much more accurately than that, but WT developers love height so much that they always go to the max that they can, so surprise, surprise a 50m WT is really 51m.
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Post by lynnanthony on Nov 1, 2016 9:35:36 GMT
The GEIA will take a large proportion of these as well, so the availability for MLIA accounts will be extremely limited. Do we think there's a lot of money in GEIAs that's waiting to be invested? My tiny one, which has been around since the very early GEIA days, is 99.8% invested. Or perhaps they'll take most of these and use them to displace all the WT loans that are supposed to be repaid in mid-Nov -- though that date has slipped from mid-Aug. The latest (dated 28th October) on the repaying of the WT loans is "completion .... is not imminent and may be weeks, or even months away". I can't help noting that the interest rate on the new WT loans is significantly lower than previous WT loans, yet I can't see that they are any less risky. (Not that I am describing WT loans as being particularly risky. But there is risk.) Most WT loans seem to pay off early. So we p2p lenders loan during the most risky period (construction and commissioning) but don't get the benefit of the less risky operational years, as they get re-financed elsewhere at a lower rate. But ... that can be said of a lot of p2p loans. I've come to the conclusion that the best p2p borrowers (from a lender's perspective) are ones that don't do too well; well enough not to default but not so well they can refinance early. Sorry, just my ramblings. ☺
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pikestaff
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Post by pikestaff on Nov 1, 2016 15:24:17 GMT
...I can't help noting that the interest rate on the new WT loans is significantly lower than previous WT loans, yet I can't see that they are any less risky... It is, and they aren't. Indeed, according to the credit report, two of the WTs aren't due to be commissioned until deadline day, although they expect to be quicker. I've not bid on those. I think the main reason for the low rate is these are increasingly rare assets as the subsidy regime comes to an end.
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mikes1531
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Post by mikes1531 on Nov 1, 2016 19:24:50 GMT
Should we ask about the QAA/30DAA as well? The question was asked in the loan's Q&A, and the answer was Yes. : Thanks for pointing that out. I'm afraid that may just be an interpretation. The actual Q&A was... Q: QAA eligible?
A: All secured business loans that pass Assetz Capital's strict credit policy may be held within the QAA.
And it raised a question in my mind -- Are all loans on the AC platform " secured business loans that pass Assetz Capital's strict credit policy"?
Why did the answer include all those qualifying adjectives? Why not just say "Any AC loan may be held within the QAA"? Do AC have a strict credit policy and a not quite so strict credit policy? Are all AC loans business loans? I would have thought some of the loans were more personal in nature. Does 'secured' mean just any security, or does it have to be a 1st or 2nd charge over land or property as is needed for a loan to be held in the GBBA? Perhaps I'm just being excessively pedantic and cynical. Since the above, I see that AH has posted the following in another thread... The QAA invests across multiple loans on the AC platform but not every loan. Based on that, I'd have to conclude that the 'answer' given in the Q&A really didn't answer the question, so if we want a definite answer we're going to have to ask the question again and hope for a clearer response. andrewholgate : Do you consider the answer given on 10/Oct in the Loan #348 Q&A to be clear and satisfactory? (It's the one at the bottom of the Q&A, which was quoted in my 28/Oct posting shown above.) I certainly don't!
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trouble
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Post by trouble on Nov 2, 2016 0:09:00 GMT
Secured will mean against any security that is both chargeable and also carries a 'value' after writing down e.g. property, debenture, shares, cash, stock/inventory, debtors/receiveables, machinery/boats/windmills/digesters etc which so far is every loan done on AC that i can see.
I guess the answer given on the Q&A means if they ever do unsecured loans e.g. just against cashflow, assets valued at 'nil' after writedown and/or unsupported guarantees, then that answer given remains valid.
The QAA is unlikely to have investments in many of the loans that pre-date the QAA, so again ''The QAA invests across multiple loans on the AC platform but not every loan'' is a correct answer (also they have to give some loans to institutional funding in their entirety, don't they?).
The GBBA only allows in loans that are fully covered by 'property' security, after it has been written down in value.
That is how I have always followed things, hence I never see the need to ask such questions on the Q&A, as i see it as quite clear.
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bababill
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Post by bababill on Nov 2, 2016 1:31:24 GMT
The GBBA only allows in loans that are fully covered by 'property' security, after it has been written down in value. That is how I have always followed things, hence I never see the need to ask such questions on the Q&A, as i see it as quite clear. I got caught out by this. I thought as the loan could invest in QAA it would also be allowed to invest in GBBA. According to the Assetz 'What is the the GBBA?" Realisable asset security (normally property or land based) is taken on all loans..." Hence not so clear to me. I bought the loan but now can't sell it as the queue is huge... If it was GBBA, I am sure the queue would be less.
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Post by bobthebuilder on Nov 2, 2016 7:42:04 GMT
Re #364 R****** F******** M********* Limited, AC seems to be asking us to lend our financial support to a company whose principal activity is plaguing the nation with unsolicited phone calls about PPI reclaims. Seriously? Far be it from me to suggest that RFM disregards people’s Telephone Preference Service registration in the pursuit of their bottom line, but if my personal experience is anything to go by, they would be an industry exception if they didn’t.
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Post by andrewholgate on Nov 2, 2016 9:01:36 GMT
andrewholgate : Do you consider the answer given on 10/Oct in the Loan #348 Q&A to be clear and satisfactory? (It's the one at the bottom of the Q&A, which was quoted in my 28/Oct posting shown above.) I certainly don't! I'm not sure what isn't clear. The answer certainly is clear, all secured business loans that pass the AC credit policy. That is exactly the same wording on the QAA webpage. Indeed is states: The Quick Access Account (QAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks. It offers a target, capped interest rate for investors of 3.75% gross per annum capped. This rate varies, so the current rate will be announced at the start of each month however it will not drop below 3.75%.
This account also benefits from strong asset security on each loan and automatic diversification across multiple loans, plus the added protection of a discretionary Provision Fund.QAA invests in loans but not every loan on the platform. The latter qualification is there because there are loans older than QAA where there has never been availability to pick up but would fit the account. I think you are making a mountain out of a mole hill.
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dermot
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Post by dermot on Nov 2, 2016 14:09:26 GMT
Re #364 R****** F******** M********* Limited, AC seems to be asking us to lend our financial support to a company whose principal activity is plaguing the nation with unsolicited phone calls about PPI reclaims. Seriously? Far be it from me to suggest that RFM disregards people’s Telephone Preference Service registration in the pursuit of their bottom line, but if my personal experience is anything to go by, they would be an industry exception if they didn’t. I invested in a call blocker, which has now stopped 99% of nuisance calls that 'slipped through' (HAH!) the TPS. I'm quite happy, therefore, to profit from #364 bothering *other* people as they won't be bothering me ....
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Post by Deleted on Nov 2, 2016 14:33:43 GMT
Just for info there is, and has been for 15 years or so, an electricity supplier who only offers green electricity in Northern Ireland.
In terms of Turbines FS has one with a small issue ongoing on it at the moment.
Generally the issues are, do they built on time, have they sorted out access and profit share with local land owners, is there enough cash flow to ensure maintenance and can they be coupled up to the mains cheaply enough.
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adrianc
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Post by adrianc on Nov 2, 2016 15:51:46 GMT
Just for info there is, and has been for 15 years or so, an electricity supplier who only offers green electricity in Northern Ireland. Well, so their marketing says... It's physically impossible, but who ever let that slow the blurb down...? Their customers get EXACTLY the same electricity from EXACTLY the same mix of sources in EXACTLY the same proportions as everybody else does... The only difference is their bill is probably on recycled paper, and almost certainly a bit larger.
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Steerpike
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Post by Steerpike on Nov 2, 2016 16:43:03 GMT
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adrianc
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Post by adrianc on Nov 2, 2016 17:17:26 GMT
Yes, they greenwash it quite hard to justify higher prices for the same product. Simple rule of thumb: If nobody bought their electrickery from the bunnyhug salesmen, would the mix supplied to the grid be one single kWh different?
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Post by Deleted on Nov 2, 2016 17:32:30 GMT
I ran a factory in NI on the greenenergy and the price was lower than carbon based electricity and it offered us greenwash credentials to our customers. Plus they forgot about one of our meters but that is another story  |
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