am
Posts: 1,495 
Likes: 601
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#268
Apr 26, 2016 12:03:43 GMT
Post by am on Apr 26, 2016 12:03:43 GMT
Gone live, but I wasn't allocated any units, and there are no units available on the market. What's happened - all gone to the QAA/GBBA?
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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#268
Apr 26, 2016 12:15:13 GMT
Post by SteveT on Apr 26, 2016 12:15:13 GMT
Gone live, but I wasn't allocated any units, and there are no units available on the market. What's happened - all gone to the QAA/GBBA? It can take a little while these days for the units to be allocated [Currently I have both the repaid capital from 113 and also still the same number of units!  ]
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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#268
Apr 26, 2016 14:46:57 GMT
Post by mikes1531 on Apr 26, 2016 14:46:57 GMT
Gone live, but I wasn't allocated any units, and there are no units available on the market. What's happened - all gone to the QAA/GBBA? It can take a little while these days for the units to be allocated [Currently I have both the repaid capital from 113 and also still the same number of units! ] I think these two loans are related, with #268 being the replacement for #113. I wondered if AC might have considered offering investors an opportunity to roll their investment forward from one into the other but I'm in #113 and don't recall having been told about such a possibility. I guess we just sit and wait for a bit and see what's left when the dust settles.
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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#268
Apr 26, 2016 14:51:39 GMT
via mobile
Post by SteveT on Apr 26, 2016 14:51:39 GMT
Given the reduced rate, I wouldn't have wanted to roll over my stake.
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#268
Apr 26, 2016 15:51:51 GMT
Post by crabbyoldgit on Apr 26, 2016 15:51:51 GMT
I just hate myself its just this dam honesty thing sorry all ,im suddenly richer well i guess we all are 113 repayed but 113 still exists so double interest tonight lads. On the other hand chris fix this before midnight may save a lot of manual recalculating. Any reward for my stupid honesty will be grovelling excepted.Banana punch a non executive board position
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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#268
Apr 26, 2016 16:10:28 GMT
Post by mikes1531 on Apr 26, 2016 16:10:28 GMT
Given the reduced rate, I wouldn't have wanted to roll over my stake. I wouldn't want to either, but some people might be willing. And I expect more would if AC made it easy for them. I wouldn't have thought it would be that easy for AC to find investors for 8% loans without a PF when those people could be investing in 7% loans with a PF, so I would have thought that anything they could do to encourage investment in #268 would be useful to them. I just hate myself its just this dam honesty thing sorry all ,im suddenly richer well i guess we all are 113 repayed but 113 still exists so double interest tonight lads. : Sorry to disappoint you, but there will be no double interest tonight even if the problem isn't corrected in the next seven hours... because the interest rate showing on #113 is nil!
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#268
Apr 26, 2016 17:13:33 GMT
Post by crabbyoldgit on Apr 26, 2016 17:13:33 GMT
Dam dam dam there goes my non ex directorship at 30 grand a year for sipping Champaign in some posh hotel once a month and being grovelling grateful, however if such a position is still available at ac towers ,one wanted to spend more time with ones family but if duty calls however onerous the greater good should be considered and with regret i may have to accept.
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ton27
Member of DD Central
Posts: 431
Likes: 267
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#268
Apr 27, 2016 8:22:37 GMT
Post by ton27 on Apr 27, 2016 8:22:37 GMT
My transactions worked just fine but I invested a much smaller amount in the new loan to maintain diversification. A prime example of reducing interest rates on AC as the change in security/tenor does not warrant such a big reduction
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