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Post by Deleted on Aug 9, 2017 21:02:31 GMT
I think I've over committed on my Abundance holdings recently and would like to sell down.
It's possible to create an offer (sell) A******* O**** Energy but G*** Services and U***** D***** ****** aren't yet available from the drop down list.
What defines when they become sellable?
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pom
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Post by pom on Aug 10, 2017 6:48:39 GMT
I would guess maybe when the second offer for big hitters fills or closes on Oct 2nd, but it's a guess as I've never tried to sell anything anyway.
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scc
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Post by scc on Aug 11, 2017 4:32:34 GMT
AO Energy was available to trade 30 days after I bought them IIRC (but I think the offer might have closed early for that one).
I think it may also be related to when you bought them as a second tranche of AO Energy wasn't available to trade until later so I'd guess you have to hold for at least 30 days.
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Post by justdabbling on Aug 21, 2017 16:57:01 GMT
G*** /S******** now trading and apparently averaging 104% price to capital.
A******O*****E**** trading at 105.1% which is not a bad return in 2 months.
As for the M***** V*****C** why are people paying over 6% premium when the only interest to come is one payment of 6%? Seem like sellers can de-risk, have cash back early but not sure it would work for larger amounts.
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Post by justdabbling on Aug 21, 2017 23:47:26 GMT
For most of the projects I agree in that I find it difficult to work out what the accrued benefits are and interest in the later years can be much higher than in the earlier years, but for M*****V******C***** it is simply 6% due in January, so I wouldn't expect anyone to bid more than about 103%.
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aligibbs
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Post by aligibbs on Jun 30, 2018 20:09:00 GMT
So, playing devil's advocate, why wouldn't you invest, say, £10k in each project, and then list it all on the SM where it looks like you are likely to get a 105-110% return after a 2 month holding period? Assuming you can sell of course....
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scc
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Post by scc on Jul 2, 2018 10:35:09 GMT
So, playing devil's advocate, why wouldn't you invest, say, £10k in each project, and then list it all on the SM where it looks like you are likely to get a 105-110% return after a 2 month holding period? Assuming you can sell of course.... Nothing, and I suspect a few on the secondary market are doing just that. It seems a lot more lively than a few years ago. I suspect your return after a couple of months is closer to 105% than 110% though. But there is always the chance you get left holding the bag - especially now Abundance are doing more multi-million pound debentures (previously they were often just a few hundred thousand). I have bought one debenture on the secondary market for less than 100% of the original purchase price.
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aligibbs
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Post by aligibbs on Jul 2, 2018 11:26:55 GMT
I haven't had any luck whatsoever in the SM yet, having placed about 15 bids. Thinking I am going about diversifying my portfolio in the wrong way...
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Post by GentlemansFamilyFinances on Jul 3, 2018 10:00:28 GMT
I am an active buyer and seller on the Abundance market.
Some of this is from moving money from my account to my partners account - some of it is rebalancing from investments I hold more of and those that I don't hold that much.
What I see is that a lot of the offers that are realistically priced are sort of "buy it now" prices. I've put a bid in, had it accepted and the trade completed within an hour.
Also, a lot of sellers are happy to sell more if you want to buy more - so I for example recently bought £100 of one and asked the seller for another £400's worth at the same price. Deal went through no problem at all.
The marketplace is a bit funny. But it works for me.
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Post by GentlemansFamilyFinances on Jul 3, 2018 10:02:17 GMT
I should add aligibbs - since the bids end at midnight it might be difficult to not be sniped at the last minute. But I'd say that half the parts on offer at reasonable prices will close soon after you place an bid. As a seller myself, I don't really want to receive a bid one day, accept it the next and the day after have it complete. If it's all done quickly then that suits me. So have a look at what is on offer - what's a fair price and bid on that. I like the short dated ones with a day or two left as the ones with 3 days plus are just too much effort and you might get sniped at the last minute anyway.  |
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aligibbs
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Post by aligibbs on Jul 3, 2018 11:43:03 GMT
I should add aligibbs - since the bids end at midnight it might be difficult to not be sniped at the last minute. But I'd say that half the parts on offer at reasonable prices will close soon after you place an bid. As a seller myself, I don't really want to receive a bid one day, accept it the next and the day after have it complete. If it's all done quickly then that suits me. So have a look at what is on offer - what's a fair price and bid on that. I like the short dated ones with a day or two left as the ones with 3 days plus are just too much effort and you might get sniped at the last minute anyway. Fair enough- and thanks for your reply. I had thought I was making fair offers, but always got outbid- maybe people are staying up later than I am ;-)
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