locutus
Member of DD Central
Posts: 1,059 
Likes: 1,622
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Post by locutus on Jun 17, 2016 11:18:03 GMT
I just thought with all the negativity regarding the SM glut, it was time to put things in perspective. SS have successfully managed to launch £12 million of loans in a single day. That is a massive achievement and signs of a strong and growing platform. Well done SS.
The loan parts on the SM represent approximately 2% of all outstanding loans and probably won't last long once you take into account new joiners, impending loan repayments and monthly interest.
So, on a more positive note, congratulations to all the team.
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dp
Member of DD Central
Posts: 187
Likes: 82
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Post by dp on Jun 17, 2016 11:20:29 GMT
here here - huge well done. I am happy with platform and savingstream performance. |
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puffin
Member of DD Central
Posts: 87
Likes: 26
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Post by puffin on Jun 17, 2016 11:26:28 GMT
Yes, it's been a very successful time!
£12+ million launched at speed. 7 Day rule helping SS with it's funds. Plenty of SM availabliity for newbies.
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Post by geraldine1210 on Jun 17, 2016 11:29:28 GMT
What's that sound?
Splish, splosh.
It's the sound of the SM liquid again.
EDIT
Well it was for a few hours.
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Post by jackpease on Jun 17, 2016 11:30:44 GMT
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Post by westonkevRS on Jun 20, 2016 6:02:01 GMT
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Post by supernumerary on Jun 20, 2016 11:37:33 GMT
I just thought with all the negativity regarding the SM glut, it was time to put things in perspective. SS have successfully managed to launch £12 million of loans in a single day. That is a massive achievement and signs of a strong and growing platform. Well done SS. The loan parts on the SM represent approximately 2% of all outstanding loans and probably won't last long once you take into account new joiners, impending loan repayments and monthly interest. So, on a more positive note, congratulations to all the team. Well said in the title too. It inspired me to write a poem.  Saving Stream is like a money machine.
Yachts, ship yards, student accommodation blocks,
Quarries and a few flats in Chelsea.
Farmland, farms, bungalows and ‘swamps’.
1%, 1%, 1% onwards, every month.
12%, 12%, 12% onwards, every year.
Saving Stream is like a printing press.
Cooling Dude from P2P, (who doesn’t work for Saving Stream!),
Does the independent stress test.
Rule of thumb, calculator and slide rule invigilated.
1%, 1%, 1% onwards, every month.
12%, 12%, 12% onwards, every year.
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Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
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Post by Liz on Jun 20, 2016 12:33:24 GMT
I just thought with all the negativity regarding the SM glut, it was time to put things in perspective. SS have successfully managed to launch £12 million of loans in a single day. That is a massive achievement and signs of a strong and growing platform. Well done SS. The loan parts on the SM represent approximately 2% of all outstanding loans and probably won't last long once you take into account new joiners, impending loan repayments and monthly interest. So, on a more positive note, congratulations to all the team. Well said in the title too. It inspired me to write a poem. Saving Stream is like a money machine.
Yachts, ship yards, student accommodation blocks,
Quarries and a few flats in Chelsea.
Farmland, farms, bungalows and ‘swamps’.
1%, 1%, 1% onwards, every month.
12%, 12%, 12% onwards, every year.
Saving Stream is like a printing press.
Cooling Dude from P2P, (who doesn’t work for Saving Stream!),
Does the independent stress test.
Rule of thumb, calculator and slide rule invigilated.
1%, 1%, 1% onwards, every month.
12%, 12%, 12% onwards, every year.You didn't mention return of capital. Nor the constant extension of loans and a default. Maybe that will be mentioned in verse 3.
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adrianc
Member of DD Central
Posts: 9,012
Likes: 4,824
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Post by adrianc on Jun 20, 2016 15:34:34 GMT
Liz , just be grateful supernumerary 's poem didn't start with: There once was a P2P platform from Nantucket.. That's a different poem, "LC or not to LC"
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Post by brianac on Jun 20, 2016 20:07:41 GMT
How about
What's it all about, LC?
(With Apologies to Cilla)
:-0
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Post by supernumerary on Jun 21, 2016 10:24:23 GMT
You didn't mention return of capital. Nor the constant extension of loans and a default. Maybe that will be mentioned in verse 3.
Loans may be late, but still the interest is paid.
Loans may default, but savers have been FULLY recompensed (21st June 2016),
The Provision Fund and loan book grow in strength.
1%, 1%, 1% onwards, every month.
12%, 12%, 12% onwards, every year.
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