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Post by chielamangus on Oct 30, 2015 15:49:27 GMT
Deleted
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 30, 2015 15:58:28 GMT
I decided to test how liquid the market was for Kiddie's parts, bearing in mind the possibility of the loan ending soon. So I put a small amount on the market around midday, and there were 6 takers at around £4 each. Then I thought I would test these 6, so went to put a larger amount (but still small) on the market, but lo! the first 6 transactions had been wiped clean and my holding restored to its original level. Had the loan been suspended? Had it been repaid? No, because a short while later I put a bit more up for sale and that went, and stayed that way. A mystery. I bought £4.16 at 11:59 and £10.82 at 12:48.
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Post by chielamangus on Oct 30, 2015 16:03:43 GMT
Forget my comment. In my dotage I had made the sale from one account and checked the report on a second. Apologies.
I did make a further sale around 4pm and the number of buyers had shrunk to 1 so I guess the market is quite thin.
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Post by mrclondon on Oct 30, 2015 16:05:50 GMT
My sale a couple of days ago of a few £k of Kidderminster went to just 5 buyers, with the smallest chunk £400. Nothing that unusual there.
However a few other recent sales have caught my eye as there was only 1 buyer for 4 figure sums (e.g. West Mids. Care just short of £1k and Worcestershire Prop. Inv just over £1k) which I attributed to QAA or GBBA being the purchaser.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 30, 2015 16:11:52 GMT
My sale a couple of days ago of a few £k of Kidderminster went to just 5 buyers, with the smallest chunk £400. Nothing that unusual there.
However a few other recent sales have caught my eye as there was only 1 buyer for 4 figure sums (e.g. West Mids. Care just short of £1k and Worcestershire Prop. Inv just over £1k) which I attributed to QAA or GBBA being the purchaser.
That is weird. I have a buy target on both of those and haven't had a sniff in over 2 weeks.
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Post by chielamangus on Oct 30, 2015 16:19:05 GMT
My sale a couple of days ago of a few £k of Kidderminster went to just 5 buyers, with the smallest chunk £400. Nothing that unusual there.
However a few other recent sales have caught my eye as there was only 1 buyer for 4 figure sums (e.g. West Mids. Care just short of £1k and Worcestershire Prop. Inv just over £1k) which I attributed to QAA or GBBA being the purchaser.
That is weird. I have a buy target on both of those and haven't had a stiff in over 2 weeks. Must be the built-in GBBA preferences - the weighting can, I understand, be changed anytime and we will never know what we are up against.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 30, 2015 16:27:37 GMT
I suspect loan #113 is misbehaving as well. It used to be very liquid but no seller for 3 weeks.
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mikes1531
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Post by mikes1531 on Oct 30, 2015 19:17:15 GMT
That is weird. I have a buy target on both of those and haven't had a stiff in over 2 weeks. Must be the built-in GBBA preferences - the weighting can, I understand, be changed anytime and we will never know what we are up against. Interesting. I've had a buy target on Worcs. that has had no action for a couple of weeks. (Actually, I placed that order on 13/Oct, so it's been nearly three weeks. But I had to cancel the order to find out the date I placed it, as the active order doesn't show a date and doesn't appear in the order History.)
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Post by chielamangus on Feb 5, 2016 10:30:15 GMT
Can anyone explain the following?
Today I sold a block (a few hundred) to one buyer. On a second account a similar sized block went initially to about 5 buyers, plus about 200 accounts getting £0.03 each. Both sales were listed at the same time. Why the different responses?
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Post by Ton ⓉⓞⓃ on Feb 5, 2016 10:52:57 GMT
Can anyone explain the following? Today I sold a block (a few hundred) to one buyer. On a second account a similar sized block went initially to about 5 buyers, plus about 200 accounts getting £0.03 each. Both sales were listed at the same time. Why the different responses? The penny sales are possibly to GBBA's while the larger one(s) to MLIA's
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Post by chielamangus on Feb 7, 2016 20:18:42 GMT
Yes, considered that. But still strange that one MLIA should go in one block, and the other should be split up into several. This all occurred in the middle of the night, so cannot imagine people waiting to pounce at that time. I thought the QAA might be the culprit for the minute amounts. I am not a fan of this account tho' everybody here seems to think it the best thing since sliced bread. It reduces supply to the MLIA, increases uncertainty in the market, gives substantial market power to one player (AC), and kids the MLIA investors their cash is not lying idle - well, I suppose it isn't - it's busy reducing the availability of MLIA parts! It's a neat trick. No investor has the incentive to withhold cash lying idle from the QAA, but all MLIA investors acting on the same incentive undercut their principle market.
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mikes1531
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Post by mikes1531 on Feb 7, 2016 22:58:25 GMT
Can anyone explain the following? Today I sold a block (a few hundred) to one buyer. On a second account a similar sized block went initially to about 5 buyers, plus about 200 accounts getting £0.03 each. Both sales were listed at the same time. Why the different responses? : In the case of the larger amounts, I presume they are going to MLIAs. If what you are selling goes in just one large chunk, it should mean that only one MLIA had an active buying order that was backed by funds in the account at the time. If what you are selling goes in five large chunks, it should mean that five MLIAs had active buying orders that were backed by funds in the accounts at the time. Some loans clearly are more popular than others. I sold parts of a number of loans this evening in anticipation of tomorrow's expected drawdowns and the results were quite variable. #168 went in 7 chunks, #209 went in 16 chunks, #217 went in 50+ chunks. The one that really surprised me was #181, which went in only 4 chunks and a few bits of micro-shrapnel (£0.00000000000000000032). I presume the micro-shrapnel is being bought by GBBAs, MLIAs, or the QAA. I'm really not sure why there isn't more of that activity when loans like #168 are sold, because they ought to be in demand from lots of GBBAs. Is there something about #168 that makes it ineligible for GBBAs? If AC don't have enough confidence in a loan to allow it into GBBAs, perhaps I should have second thoughts about investing via my MLIA. Have AC ever said which loans are eligible for each of the managed accounts? If not, do we forum members collectively have enough info to build lists for the GBBAs/GEIAs? (I think I know we don't have the info for the QAA.)
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duck
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Post by duck on Feb 8, 2016 6:06:49 GMT
account a similar sized block went initially to about 5 buyers, plus about 200 accounts getting £0.03 each. Both sales were listed at the same time. Why the different responses? Is there something about #168 that makes it ineligible for GBBAs? It is certainly eligible, it was the 4th loan that my partners account bought and it still stands at 20.10% of her total investment.
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mikes1531
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Post by mikes1531 on Feb 8, 2016 14:20:38 GMT
Is there something about #168 that makes it ineligible for GBBAs? It is certainly eligible, it was the 4th loan that my partners account bought and it still stands at 20.10% of her total investment. : Thanks for that. With 20+% of that GBBA in #158, the algorithm won't be trying to buy any more for that account. Perhaps there are a lot of GBBAs in a similar position.
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jonah
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Post by jonah on Feb 8, 2016 19:40:10 GMT
Have AC ever said which loans are eligible for each of the managed accounts? If not, do we forum members collectively have enough info to build lists for the GBBAs/GEIAs? (I think I know we don't have the info for the QAA.) My current GBBA has parts of all the following: 36 66 74 81 110 113 114 115 144 152 153 154 157 158 162 163 164 165 168 171 174 175 178 179 182 186 190 194 205 208 209 221 222 223 My current GEIA has parts of all the following: 77 83 90 93 106 112 125 145 160 180 218 Enjoy
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