lobster
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Post by lobster on Mar 21, 2018 7:25:16 GMT
Just had a look at the "pipeline" loans - not a place I usually go , and was surprised to see a total of over 46m of pipeline loans. With a total current loanbook of about 250m , this figure of 46m seems like a lot to me ? (Included in this figure are 8 loans of over 2m each.)
Does anyone know if this sort of volume in the pipeline is normal, or is the SM about to get flooded - it's already fairly bloated with about 16m of availability which is definitely historically high.
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jj
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Jolly Jammy
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Post by jj on Mar 21, 2018 7:36:33 GMT
Just had a look at the "pipeline" loans - not a place I usually go , and was surprised to see a total of over 46m of pipeline loans. With a total current loanbook of about 250m , this figure of 46m seems like a lot to me ? (Included in this figure are 8 loans of over 2m each.) Does anyone know if this sort of volume in the pipeline is normal, or is the SM about to get flooded - it's already fairly bloated with about 16m of availability which is definitely historically high. In the investors update it mentioned "New institutional loan funding arrangement entered into". I presume therefore the company is seeking finance from these areas instead of individual investors. The update does not say how much £££ but I think the strategy going forward is less from retail.
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Post by chris on Mar 21, 2018 8:42:44 GMT
Just had a look at the "pipeline" loans - not a place I usually go , and was surprised to see a total of over 46m of pipeline loans. With a total current loanbook of about 250m , this figure of 46m seems like a lot to me ? (Included in this figure are 8 loans of over 2m each.) Does anyone know if this sort of volume in the pipeline is normal, or is the SM about to get flooded - it's already fairly bloated with about 16m of availability which is definitely historically high. In the investors update it mentioned "New institutional loan funding arrangement entered into". I presume therefore the company is seeking finance from these areas instead of individual investors. The update does not say how much £££ but I think the strategy going forward is less from retail. The strategy going forward is more from retail in £value. Hence the current promotion and other initiatives that are in the pipeline.
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jlend
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Post by jlend on Mar 21, 2018 8:49:41 GMT
In the investors update it mentioned "New institutional loan funding arrangement entered into". I presume therefore the company is seeking finance from these areas instead of individual investors. The update does not say how much £££ but I think the strategy going forward is less from retail. The strategy going forward is more from retail in £value. Hence the current promotion and other initiatives that are in the pipeline. Thanks chrisIs the strategy for the %value from retail to remain the same assuming there is sufficient demand?
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Post by slumberingaccountant on Mar 22, 2018 19:14:47 GMT
Some of the recent loans seem to be sitting on the SM in ever larger %s. I am only scaled back in MLIA on the very smallest loans, it used to be all of them. But there is £100m sitting in 30D and QAA, so are plenty of people just taking the rate on these and not investing further ( MLIA/GBBA2) ?
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lobster
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Post by lobster on Mar 28, 2018 5:12:37 GMT
There is currently over 19m on the SM which I believe is an all-time high. This seems to happen every year at this time, just prior to financial year-end. AC probably realised this was coming and this was one of the reasons for offering the 1% bonus. Fair enough I guess.
Anyway, this is probably an opportunity to grab one or two loans that are normally unavailable.
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pikestaff
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Post by pikestaff on Mar 28, 2018 7:54:33 GMT
There is currently over 19m on the SM which I believe is an all-time high. This seems to happen every year at this time, just prior to financial year-end. AC probably realised this was coming and this was one of the reasons for offering the 1% bonus. Fair enough I guess. Anyway, this is probably an opportunity to grab one or two loans that are normally unavailable. There will be a lot of people withdrawing either (1) to fund ISAs (or other tax-efficient investments such as VCTs) elsewhere, or (2) to return cash to flexible cash ISAs before the end of the tax year. AC's ISA will offset this to an extent, but I suspect (2) may be quite a large number this year.
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Post by davee39 on Mar 28, 2018 8:18:53 GMT
Many loans are relatively short term, a large part of the pipeline will be needed to replace maturing loans. Continued growth will therefore need an ever growing pipeline.
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Post by Ton ⓉⓞⓃ on Mar 31, 2018 20:41:15 GMT
I think I'm right in saying that at least one of the proposals in the pipeline has been there since 2016.
In Edit :- 22 loan props go back to 2017 one of those dated Jan 2017, so 52 are from this year. Of the 52; 26 have appeared in the pipeline during March '18
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Post by stuartassetzcapital on Apr 2, 2018 9:26:07 GMT
Quite simply we have finally reached our objective of having over 200 loans available for immediate purchase on the Manual Lending account to allow people to diversify well there. It’s the first of many objectives to improve the MLA operation. We are purposefully releasing them from the Access Accounts which in turn improves diversification across the board.
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cb25
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Post by cb25 on Apr 2, 2018 11:41:01 GMT
Given their size (not one of the big 3 P2P firms), the size of AC loans - some in the £millions - has always struck me as a bit brave, to say the least. Not that we're likely to be shown any statistics on it, but I wonder if AC are making loans faster than they can attract cash from lenders.
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jayjay
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Post by jayjay on Apr 2, 2018 12:45:27 GMT
Is this not really a sign that AC have lots of loans and indeed lots of investor money - but that there is a mismatch in that there is too much short term investor money especially in the 30day Access Account?
People invested in MLIA and the GBBA will accept delays in being able to sell. It worries me that people wanting to exit the 30 day ac may at some point find there is not the liquidity. And that will only create a rush jamming the whole system.
Assetz need to get more money into their true Investment accounts rather then their accounts which have PF based promises that cannot sustain sharp fluctuations in investor sentiment.
The AC investment model is very neat but is highly complex to keep in equilibrium.
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cb25
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Post by cb25 on Apr 2, 2018 12:49:09 GMT
Is this not really a sign that AC have lots of loans and indeed lots of investor money Be good if we could get an answer to that
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