|
Post by gravitykillz on May 22, 2019 6:50:18 GMT
I was looking at this as their are no available loans on the market. Has anyone invested in these loans and do you guys have any relevant feedback?
|
|
withnell
Member of DD Central
Posts: 550
Likes: 491
|
Post by withnell on May 22, 2019 7:07:19 GMT
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Jun 2, 2019 20:18:51 GMT
anybody know why the company trading report has dropped to a 25 ?
|
|
alanh
Posts: 556
Likes: 560
|
Post by alanh on Jun 3, 2019 6:55:14 GMT
That happened a couple of months ago. As far as I can see these numbers are all over the place with no detail to back them up and add very little value.
|
|
victors
Member of DD Central
Posts: 157
Likes: 86
|
Post by victors on Jun 3, 2019 9:21:38 GMT
They appear pretty meaningless to me.
Never take then into consideration when deciding to invest or not.
|
|
|
Post by ablrate on Jun 3, 2019 10:19:18 GMT
That happened a couple of months ago. As far as I can see these numbers are all over the place with no detail to back them up and add very little value. These are API'd in from Creditsafe and updated once per month. There are quite a few platforms that make their loan decisions automatically on this data so its a reflection. Numbers rise and fall on the basis of charges being registered etc. I would agree that its based on historical data, but we think it is very important to have something of a snap shot for lenders to base a decision in the SM. We are reviewing and redesigning the platform right now, so it is a good time to ask for suggestions and we will compile some questions and start a thread. On this one specifically, what would you want to see on the company trading report page?
|
|
|
Post by westcountry on Jun 3, 2019 11:24:13 GMT
That happened a couple of months ago. As far as I can see these numbers are all over the place with no detail to back them up and add very little value. These are API'd in from Creditsafe and updated once per month. There are quite a few platforms that make their loan decisions automatically on this data so its a reflection. Numbers rise and fall on the basis of charges being registered etc. I would agree that its based on historical data, but we think it is very important to have something of a snap shot for lenders to base a decision in the SM. We are reviewing and redesigning the platform right now, so it is a good time to ask for suggestions and we will compile some questions and start a thread. On this one specifically, what would you want to see on the company trading report page? ablrate , a little bit off on a tangent, but on the loan pages, please could the loan summary info box currently shown on the 'All bids/offers' page (the box near the top with the loan number, loan size, interest rate, loaned by you, borrower, and maturity date info) in future be shown on all pages for each loan? Especially on the 'Repayments' page, as I need the Loaned by you and Repayment amount info for each loan to put on my spreadsheet, and currently these two bits of info are on two different pages for each loan :-( As well, on the 'Repayments' tab, please could the default Records per Page be set to All, not 5, please? I have to change this every time I log in, as my web browser is set to delete cookies when it's shut each evening, so the settings aren't remembered.
|
|
|
Post by ablrate on Jun 3, 2019 11:44:50 GMT
These are API'd in from Creditsafe and updated once per month. There are quite a few platforms that make their loan decisions automatically on this data so its a reflection. Numbers rise and fall on the basis of charges being registered etc. I would agree that its based on historical data, but we think it is very important to have something of a snap shot for lenders to base a decision in the SM. We are reviewing and redesigning the platform right now, so it is a good time to ask for suggestions and we will compile some questions and start a thread. On this one specifically, what would you want to see on the company trading report page? ablrate , a little bit off on a tangent, but on the loan pages, please could the loan summary info box currently shown on the 'All bids/offers' page (the box near the top with the loan number, loan size, interest rate, loaned by you, borrower, and maturity date info) in future be shown on all pages for each loan? Especially on the 'Repayments' page, as I need the Loaned by you and Repayment amount info for each loan to put on my spreadsheet, and currently these two bits of info are on two different pages for each loan :-( As well, on the 'Repayments' tab, please could the default Records per Page be set to All, not 5, please? I have to change this every time I log in, as my web browser is set to delete cookies when it's shut each evening, so the settings aren't remembered. Thank you. We are creating a list... so will add this. I am just going to set up a new thread - I know there is an old one but a new feedback thread will be good for designers to see.
|
|
victors
Member of DD Central
Posts: 157
Likes: 86
|
Post by victors on Jun 28, 2019 14:20:07 GMT
Another update from the company today explaining their credit rating.
I quite like these regular updates - gives some confidence.
|
|
corto
Member of DD Central
one-syllabistic
Posts: 850
Likes: 356
|
Post by corto on Jun 29, 2019 9:42:15 GMT
Sorry, where is that update?
|
|
Balder
Member of DD Central
Posts: 641
Likes: 614
|
Post by Balder on Jun 29, 2019 10:30:45 GMT
Sorry, where is that update? It was an email
|
|
|
Post by ladywhitenap on Sept 1, 2019 15:50:25 GMT
ablrate & everyone Is this portfolio loan working as expected? I look now and then and it seem to be sitting there 12% filled and about 0.4% awaiting to be liquidated. I've got a small amount sitting there earning its 12% reliably (not tempting providence!) and quite happy. Be interesting to know how active the market is and how long typically people are waiting to get their funds out. Is it behaving as ABL expected it to? LW
|
|
corto
Member of DD Central
one-syllabistic
Posts: 850
Likes: 356
|
Post by corto on Sept 1, 2019 16:27:03 GMT
Seems to work technically but is less liquid than the Ablrate webpage states for these loans.
Several months ago tested sales times were indeed 1 to 3 days
Over the last month an estimated lower bound of cash outflow was 1500GBP per day. Given there are about 30k "immediately available" that suggests an average sales time of currently 20 days. This fluctuates widely. About a month ago it was much higher due to lower cashflow at that time, an expected 90-120 days based on queue length and what sold per week. Liquidity improved 1 to 2 weeks ago so things turned round quicker.
Here are some numbers based on actual sales placed | days needed 19/6 53 26/6 51 3/7 44 10/7 37 19/7 44 17/8 still in queue
|
|
|
Post by ablrate on Sept 2, 2019 12:10:00 GMT
ablrate & everyone Is this portfolio loan working as expected? I look now and then and it seem to be sitting there 12% filled and about 0.4% awaiting to be liquidated. I've got a small amount sitting there earning its 12% reliably (not tempting providence!) and quite happy. Be interesting to know how active the market is and how long typically people are waiting to get their funds out. Is it behaving as ABL expected it to? LW Really good question. The loan itself is good, we like the projects underlying and the guys at SC are very professional. We believe it is the presentation that is lacking. There are a few very good comments on here about knowing where you are in the queue etc. We a totally revamping the presentations and information around the PL with the new UI and maybe adding some new features.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Sept 2, 2019 12:31:56 GMT
Seems to work technically but is less liquid than the Ablrate webpage states for these loans. Several months ago tested sales times were indeed 1 to 3 days Over the last month an estimated lower bound of cash outflow was 1500GBP per day. Given there are about 30k "immediately available" that suggests an average sales time of currently 20 days. This fluctuates widely. About a month ago it was much higher due to lower cashflow at that time, an expected 90-120 days based on queue length and what sold per week. Liquidity improved 1 to 2 weeks ago so things turned round quicker. Here are some numbers based on actual sales placed | days needed 19/6 53 26/6 51 3/7 44 10/7 37 19/7 44 17/8 still in queue I appreciate that the above is not necessarily a complaint, but just to put these wait times in context, the queue on FC to sell any loan part is at 102 days and rising steadily. If you get half of 12% there, then you are very fortunate.
|
|