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Post by johnny on Nov 4, 2015 18:29:13 GMT
Looks like two wind turbines about to refinance and not a thing to buy with the capital return. Not sure if this is the plan if it is, I am confused.
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oldgrumpy
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Post by oldgrumpy on Nov 4, 2015 18:38:54 GMT
We still don't know the nature/size of deals which AC might be passing straight out to their institutional partners, possibly causing the dearth for months on the public platform.
So Cornwall and Falmouth about to pay up. ironic, isn't it. We have so many loans which haven't paid up (or haven't reliably), and now when two are about to, there's nothing to invest iI I've got enough Midlands Trade/North London Comm.
Sorry AC. Four figures will leave your platform.
..and I don't mean £10.69!!
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Post by crabbyoldgit on Nov 4, 2015 20:35:41 GMT
Um yes as and as i have holdings i think possibly in geia but ac wont tell me how much i cant plan what i might do with the funds if there is anything to buy with this mysterious sum of money.One thing is for shure there is no point in leaving it in the geia have not had any units purchased by the progam for at least 3 weeks.Next question when will the promised trading between geia members become funtionable, my promiced max 20 percent holding in any one investment i think is just a joke by now but of course i dont know because again its info ac dont let me know.Sorry like this platform but loseing faith, we are just over 3 weeks away from a platform with nothing to sell apart from the after market with we are told ever increasing invester funds available not a good place to be.
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Post by mrclondon on Nov 4, 2015 20:36:14 GMT
ET may also redeem this Friday (see private board for details of vote), and Kidderminster sounds to be not that far off either. Over on FS there are a couple of chunky loans redeeming soon (microscultures and salop property) so there is likely to be lots of funds chasing limited opportunities in the short term, especially as Dec/early Jan is always quiet in the world of finance.
However MT's secondary market is expected to be live around the end of this month, and their new property partnership should start producing loans around the same time.
W&Co's 30 day notice rate of 3.3% whilst it dropped a bit earlier this week is probably still worthy of consideration as a temporary dump for surplus funds, ditto RS monthly.
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mikes1531
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Post by mikes1531 on Nov 4, 2015 21:47:39 GMT
Um yes as and as i have holdings i think possibly in geia but ac wont tell me how much i cant plan what i might do with the funds if there is anything to buy with this mysterious sum of money.One thing is for shure there is no point in leaving it in the geia have not had any units purchased by the progam for at least 3 weeks.Next question when will the promised trading between geia members become funtionable, my promiced max 20 percent holding in any one investment i think is just a joke by now but of course i dont know because again its info ac dont let me know.Sorry like this platform but loseing faith, we are just over 3 weeks away from a platform with nothing to sell apart from the after market with we are told ever increasing invester funds available not a good place to be. : I agree that AC should make it clear what our actual holdings in the GEIA are. But inasmuch as they don't, the way I find out this info is to download my whole GEIA statement in Excel format, open the file, and filter the 'narrative' column as loan name and not interest. (Such as "Contains Falmouth and does not contain interest", or "Contains Cornwall and does not contain interest".) Summing the amount column then produces my current holding of the selected loan. Why do you say "...we are just over 3 weeks away from a platform with nothing to sell apart from the after market..."? What's going to happen in just over three weeks?
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SteveT
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Post by SteveT on Nov 4, 2015 21:50:06 GMT
Also Landbay's 3.5% tracker product, which beats the QAA on rate, can be invested in immediately and withdrawn from within a couple of working days.
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tonyr
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Post by tonyr on Nov 4, 2015 22:03:27 GMT
We still don't know the nature/size of deals which AC might be passing straight out to their institutional partners, possibly causing the dearth for months on the public platform. Haven't we already had "dearth for months on the public platform". There's nothing big coming up, just a few small fry (the biggest of which bailed out before they committed to AC). There's just nothing happening and idle money costs dearly. Where to go next? I don't quite understand SS but to me they look like the top contender.
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Post by crabbyoldgit on Nov 4, 2015 22:05:59 GMT
30th of nov is last projected drawdown date of last new loan on offer, with new loans appearing on platform well 1 every i guess 2 weeks and slowing.Hence it looks like its possible by early next month we could have an empty upcomming loans file
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tonyr
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Post by tonyr on Nov 4, 2015 22:21:12 GMT
30th of nov is last projected drawdown date of last new loan on offer, with new loans appearing on platform well 1 every i guess 2 weeks and slowing.Hence it looks like its possible by early next month we could have an empty upcomming loans file In terms of big loans presented to underwriters they fall into either (a) those that have gone other ways and are not going to appear and (b) those that have been going many months after the expected drawdown date and therefore seem as though soon they'll end up as (a). It's dismal. AC have made self-contradictory statements as to whether they are going down a poor-mans-FC route with less paperwork and also much higher defaults or higher value loans with the associated guarantees. I personally hope that AC stick to their guns. There's a huge market for > £1m loans that are asset backed and there is room from everyone from the QAA investor through the 7% accounts to the MLIA and underwriters if only they could sign up new loans.
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oldgrumpy
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Post by oldgrumpy on Nov 5, 2015 12:54:50 GMT
We still don't know the nature/size of deals which AC might be passing straight out to their institutional partners, possibly causing the dearth for months on the public platform.. There's nothing big coming up, just a few small fry (the biggest of which bailed out before they committed to AC). There's just nothing happening and idle money costs dearly. Where to go next? I don't quite understand SS but to me they look like the top contender. That's what I meant. I must be more precise in my choice of words. AC have been trumpetting for a year about increased deal flow, and are still doing it. The shortfall on these predictions has been commented on since last October, or before, with just a few due to draw down "maybe" by the end of November, (more likely mid December if things go to pattern) and no pipeline whatsoever yet for December drawdowns (which can drift to January). The seasonal month of nothingness (Christmas/New Year) is drawing (!) near ... solicitors etc enter a months "stupor" so add that to what we already have(n't), and it seems we could continue the dearth for the next three months or so. I think we are due for another AC reassurance that plenty of deals are in the pipeline.  AC, show us what deals are going elsewhere (or not, if there aren't any). I have noted the various information given, usually by Andrew, over the last eighteen months about all the extra staff that have been recruited to deal (!) with all the ...... extra.... business. How on earth is AC managing to pay all these people on the profits on current business?
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niceguy37
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Post by niceguy37 on Nov 5, 2015 14:44:22 GMT
I wonder if AC made a mistake in removing retail investors from the primary market, resulting in increased underwriting costs, and whether this has priced them out of the market for some loans, resulting in reduced deal flow. Pure conjecture on my part.
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TFTO
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Post by TFTO on Nov 5, 2015 15:18:33 GMT
I wonder if AC made a mistake in removing retail investors from the primary market, resulting in increased underwriting costs, and whether this has priced them out of the market for some loans, resulting in reduced deal flow. Pure conjecture on my part. Maybe some of the underwriters were fed up of being bid out of anything interesting and pushed AC to make the changes last October?
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Post by johnny on Nov 10, 2015 19:56:03 GMT
Looks like the two windmills are set to redeem tomorrow. I had hoped to grab a piece of of 188 but it has been delayed again. It has spent so much time in "upcoming loans", it may need The Antiques Roadshow team to revalue it. I always wanted a 50% split between AC and TC for my P2B loans but its becoming difficult to maintain.
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Post by crabbyoldgit on Nov 10, 2015 22:10:52 GMT
Yes and for me the interesting thing is how the geia is going to act when the two windmills repay.Will it just ignore the 20% rule and leave accounts outside the fund proposal statement to investers or will it start saleing off loan parts to maintain the max 20% investment rule and leave people at present 100% invested with uninvested funds.I am thinking the scheme was designed for a constant churn of new loans to enable loan parts to be moved arround to maintain diversity but with no new loans and old ones starting to repay thing are going to get very messy.
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niceguy37
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Post by niceguy37 on Nov 11, 2015 15:01:51 GMT
Yes and for me the interesting thing is how the geia is going to act when the two windmills repay.Will it just ignore the 20% rule and leave accounts outside the fund proposal statement to investers or will it start saleing off loan parts to maintain the max 20% investment rule and leave people at present 100% invested with uninvested funds.I am thinking the scheme was designed for a constant churn of new loans to enable loan parts to be moved arround to maintain diversity but with no new loans and old ones starting to repay thing are going to get very messy. have you considered having the 20% rule for purchases only, and ignoring it in the event of loans repaying? The way I look at it it's more important to have your money earning something, and diversification is a secondary issue to this. After all, the GEIA and GBBA accounts can rebalance themselves as and when diversification opportunities come along.
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