withnell
Member of DD Central
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Post by withnell on Jun 7, 2018 15:51:12 GMT
Nearly 1.7m of pipeline loans (7 tranches) added and going live tomorrow, maybe this is a sign that a repayment is also imminent, I don't remember this many going live at one point before...
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mary
Member of DD Central
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Post by mary on Jun 7, 2018 15:57:48 GMT
Nearly 1.7m of pipeline loans (7 tranches) added and going live tomorrow, maybe this is a sign that a repayment is also imminent, I don't remember this many going live at one point before... If any were new, as in a new borrower, I might have bothered to have a look, but I'm all tranche'd out.
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Post by picanto on Jun 7, 2018 16:08:01 GMT
Nearly 1.7m of pipeline loans (7 tranches) added and going live tomorrow, maybe this is a sign that a repayment is also imminent, I don't remember this many going live at one point before... Well I hope so, otherwise I can't see how Lendy expect these loans to be filled...
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jcb208
Member of DD Central
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Post by jcb208 on Jun 7, 2018 16:22:59 GMT
Same old ,I'm waiting for some decent new offerings before I invest further
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rocky1
Member of DD Central
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Post by rocky1 on Jun 7, 2018 17:12:37 GMT
has somebody pressed the red button at lendy hq?tranche 25 now for 1 of them. i was only doing some stuff earlier where we were discussing the risks of perpetual bonds and [no maturity date]. i suggested that lendys loans should be described as perpetual as we never have a clue when they are going end. throw more money into loans i am already dubious about,not for me.hopefully the 18-40s club can fill them[ no disrespect to the new investors].
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rocky1
Member of DD Central
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Post by rocky1 on Jun 9, 2018 6:06:37 GMT
why arent these loans flying off the shelf. GDVs of millions,loan 1/2/3/hundred k,LTVs 30/40%,2/3 hundred days.if i was a new investor i would be filling my boots with this lot. then again we know that everything is not always what it seems with lendy.
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Post by loftankerman on Jun 9, 2018 7:43:23 GMT
why arent these loans flying off the shelf. GDVs of millions,loan 1/2/3/hundred k,LTVs 30/40%,2/3 hundred days.if i was a new investor i would be filling my boots with this lot. then again we know that everything is not always what it seems with lendy. So true. We know full well that we can have assurances that loans and developments are rock solid right up to the moment of repaying in full, only to find that it had all been contrived nonsense and the funds were nowhere to be found. It is at that point that I become completely baffled by the response of lenders who say something along the lines of "Well that's it! I've lost my faith in Lendy and I'm not investing anything else unless they pay up on one of these big loans!" I can't fathom why anyone thinks that given the trend in defaults and defaults by any other name, recovering one disaster would have them happy to chuck money into what has a high probability of being more of the same.
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Post by brightspark on Jun 9, 2018 8:14:20 GMT
Investing is gambling. Due diligence reduces the odds. Gambling is addictive. Hence the return to the table behaviours.
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Post by loftankerman on Jun 9, 2018 10:06:59 GMT
Investing is gambling. Due diligence reduces the odds. Gambling is addictive. Hence the return to the table behaviours. In the case of Lendy, I'm suggesting that whilst D/D might convince me that something is a worthwhile risk, it is of little value if at the end of the day some undisclosed fact, change in T/C, borrower dishonesty, or management failure torpedoes the outcome. For me the D/D conclusion is that there isn't a barge pole long enough. I now have £100K invested elsewhere and I'm happy that is with serious professionals, doing their best all the time to get to successful business outcomes, rather than just shuffle other people's money around. The gamble is that they might not, but I understand enough about what they are doing to have confidence in them.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 387
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Post by brianlom1 on Jun 9, 2018 21:02:18 GMT
Investing is gambling. Due diligence reduces the odds. Gambling is addictive. Hence the return to the table behaviours. In the case of Lendy, I'm suggesting that whilst D/D might convince me that something is a worthwhile risk, it is of little value if at the end of the day some undisclosed fact, change in T/C, borrower dishonesty, or management failure torpedoes the outcome. For me the D/D conclusion is that there isn't a barge pole long enough. I now have £100K invested elsewhere and I'm happy that is with serious professionals, doing their best all the time to get to successful business outcomes, rather than just shuffle other people's money around. The gamble is that they might not, but I understand enough about what they are doing to have confidence in them. Please share your thoughts, I'm always looking to diversify
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Post by charliebrown on Jun 10, 2018 6:00:16 GMT
why arent these loans flying off the shelf. GDVs of millions,loan 1/2/3/hundred k,LTVs 30/40%,2/3 hundred days.if i was a new investor i would be filling my boots with this lot. then again we know that everything is not always what it seems with lendy. If I were a new investor I’d take one look at the defaults tab (that’s what it should be called) and one look at the capital losses tab (that’s what it should be called) and I’d immediately turn off my computer and go lay down in a dark room. I can’t see much new money coming in whilst things are as they are. Lendy should abandon Cowes and try to expedite cleaning up this mess.
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rocky1
Member of DD Central
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Post by rocky1 on Jun 10, 2018 6:20:41 GMT
where do lendy go next.the big fat loan book is in a mess.lendy are trying every trick in the book to try and get these DFLs funded.we all know that if the projects get finished we are going to get the same messing about with the borrowers unable to refinance or sell these pods /sheds/aparts/etc.are lendy even thinking about bring NEW loans to the platform and may be some of the many lenders who are no longer funding any loans might start again.there is alot of cleaning up to be done and will take years to sort out but no new loans coming through shows lendy are not looking forward and it seems that we are just playing it all out inthe hope of getting some of our capital back.
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Post by p2plender on Jun 10, 2018 9:03:54 GMT
Maybe they're thinking they'll find a load of new mugs at Cowes?
The only money I'd invest with Lendy now would be my enemies. Wolves debacle final nail in coffin. As for DD, well I did that with Wolves and this is how it turns out. DD pretty much pointless when it comes to Lendy's world. Good luck with anyone putting any further money in. I suspect you're going to need it.
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SteveT
Member of DD Central
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Post by SteveT on Jun 10, 2018 9:21:28 GMT
God, you guys are boring. The same repetitive moans and trolling from the same handful of posters, more or less daily, whatever a thread starts out about.
This forum used to be a place of information sharing and debate, where the majority of posts were actually worth reading. Sadly your "noise" has drowned out any remaining "signal", and most members whose posts I used to value have gone elsewhere or given up entirely. Well done chaps, nice work.
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Post by charliebrown on Jun 10, 2018 10:28:11 GMT
God, you guys are boring. The same repetitive moans and trolling from the same handful of posters, more or less daily, whatever a thread starts out about. This forum used to be a place of information sharing and debate, where the majority of posts were actually worth reading. Sadly your "noise" has drowned out any remaining "signal", and most members whose posts I used to value have gone elsewhere or given up entirely. Well done chaps, nice work. I take your point, but what else are we supposed to discuss? I think a lot of investors, especially those who have overstretched themselves, are extremely worried about the meteoric rise in IA, suspended, default and capital losses and the endless updates that say nothing or never materialise. I don’t have anywhere else to share that worry so I guess I post here for therapy. Believe me, I’d much rather be posting that Lendy are doing a terrific job and I’ve made a lot of gains. I think my posts are generally reasonably constructive rather than unjustifiably negative.
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