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Post by waryinvestor on Aug 30, 2020 13:08:27 GMT
Some Payments recently on some 3/5 year Bonds- Any ideas what they are ?
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tjtl
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Post by tjtl on Sept 7, 2020 14:03:35 GMT
If you click on "Account History" you will see any payments received, and the bonds they relate to. Stating the bleeding obvious, if the payments were relatively small they re likely to have been interest receipts, if larger then capital repayments (given the repayments happen on the anniversary of allotting they will be different between holders- I have just had a modest series of interest receipts, and will later this month (God willing) have a raft of redemptions coming through).
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elsee
Member of DD Central
Retired:D
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Post by elsee on Sept 14, 2020 11:23:06 GMT
I wouldn't hold your breath
Wellesley has made the decision to suspend maturities on all upcoming investments amid ongoing market challenges. This means that the final interest payment and capital on your 5 Year Wellesley Mini-Bond - Series 1 will not be paid into your holding account tomorrow as scheduled.
Wellesley will be making an announcement with further information regarding your investment in the next seven days. Please keep an eye out for this email in your inbox.
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jaswells
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Post by jaswells on Sept 14, 2020 12:02:47 GMT
I wouldn't hold your breath Wellesley has made the decision to suspend maturities on all upcoming investments amid ongoing market challenges. This means that the final interest payment and capital on your 5 Year Wellesley Mini-Bond - Series 1 will not be paid into your holding account tomorrow as scheduled. Wellesley will be making an announcement with further information regarding your investment in the next seven days. Please keep an eye out for this email in your inbox. Oh dear!
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tjtl
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Post by tjtl on Sept 15, 2020 11:32:37 GMT
"Oh dear" is far , far, too understated. I haven't yet had an email from them, but suddenly feeling very depressed Wellesley were always the one of the platforms I have invested in that I felt might have a catastrophic car-crash ( hope I am over-compensating with gloom). Was due to get £30k back in the next week or so- ouch, ouch. Will wait with bated breath for whatever they decide to communicate. Thanks for highlighting this.
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jaswells
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Post by jaswells on Sept 15, 2020 12:02:23 GMT
It is of course mere speculation until Wellesley make an announcement.
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Post by HMS Ardent on Sept 15, 2020 12:03:20 GMT
I would NOT take too much notice of what elsee has to say until we have something confirmed by Wellesley. Don't forget elsee started the doom and gloom thread on April 7th this year -- "Amid exceptional market conditions, we have made the difficult decision to postpone the maturity date on upcoming peer-to-peer investments. " with NO further posts on the subject!! elsee also mentioned pending emails then which didn't arrive and I've had 5 various payouts since from Wellesley. I've looked all over for any news on this and haven't found any yet. Where is elsee getting this insider knowledge?
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tjtl
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Post by tjtl on Sept 15, 2020 12:29:29 GMT
Thanks- I had taken (from what was written) that there has been some form of communication which I hadn't't got yet
I am sure Elsee will do all of us the honour of telling what information (s)he has- I am equally sure (s)he doesn't want to be considered a doom-monger!
Once again, Jaswell/ Magnum- thanks for the caveat
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tjtl
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Post by tjtl on Sept 15, 2020 12:46:49 GMT
I have just spoken to someone very senior at Wellesley- given the amount of money involved I want to get this sorted. They were robust in saying no such communication as quoted by Elsee has been sent out. So either the Wellesley Director is lying or misinformed, in which case I intend to go back and hammer him, and Wellesley, or else Elsee is spreading deliberate misinformation aimed at both depressing Wellesley investors, but also slandering Wellesley.
Given Wellesley cannot prove a negative (they cannot prove something wasn't sent), the burden of proof lies with Elsee to show what they have received.
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Post by HMS Ardent on Sept 15, 2020 14:08:40 GMT
Well done tjtl,
that's a huge relief.
The post by elsee seems to be heading in the same direction as last time "Amid exceptional market conditions".
Someone posted then that they had contacted Wellesley (April 27th) and had this reply...."Anybody else get this from Wellesley? I contacted them today and they said they had n't sent out any emails re. P2P since March".
Fingers crossed.
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up
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Post by up on Sept 15, 2020 15:27:44 GMT
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Post by markymark on Sept 15, 2020 16:18:47 GMT
Those are old links i think....'hope', the one relating to peer to peer investments was definitely back in April this year, the one relating to bonds i'm not sure about, maybe some upcoming bad news. If you want to know if your bond will pay out on time, best ring Wellesley and ask them.
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morris
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Post by morris on Sept 15, 2020 16:24:29 GMT
Has no-one else had this then:
'Wellesley has made the decision to suspend interest payments on all upcoming investments amid ongoing market challenges. This means that the next interest payment on your 5 Year Income xxxxxxxxx will not be paid into your holding account tomorrow as scheduled.
Wellesley will be making an announcement with further information your regarding investment in the next seven days. Please keep an eye out for this email in your inbox.
In the meantime, we would like to thank you for your patience.'
I am not expecting that it will be good news.
Received this morning
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tjtl
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Post by tjtl on Sept 15, 2020 17:55:14 GMT
One of the quotes talks about "interest payments", Elsee's talked about "suspending all maturities". I will wait to see what I receive - as said a major repayment due in one week
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iren
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Post by iren on Sept 16, 2020 16:11:46 GMT
I’ve not received anything from Wellesley regarding a suspension of anything. My final 5 year maturity is due in November. My monthly interest payment has been paid as normal this month.
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