hantsowl
Member of DD Central
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Post by hantsowl on Aug 29, 2016 11:14:46 GMT
I am fairly new to FC and when I usually check the SM there are rarely any parts on offer at par (0% discount). This morning was a whole different situation. There were numerous parts available (at par) for a whole load of decent looking loans. They got bought pretty quickly and l helped myself to quite a few. Does this happen on a regular basis (it is the first time I have noticed it happening)? Is this likely the result of someone hitting autosell to free up some funds and dumping a whole load of parts on the SM in one go?
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Post by jackpease on Aug 29, 2016 12:13:18 GMT
I don't tend to notice whether they are at par - just the headline percentage - but there did seem more this morning worth clicking on. Its been pretty thin in recent weeks for sure on FC (and elsewhere)
Jack P
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jcm9000
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Post by jcm9000 on Aug 29, 2016 12:32:24 GMT
I see there is still one on there with c.250 parts. Just makes you think, what do they know I do not..hmm. Oh well.
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fp
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Post by fp on Aug 29, 2016 12:36:24 GMT
Its quite common for people to buy loan parts, quite often by the hundred, then off-load them at 0.3% or at PAR after a few months. When I sold all mine off I listed them all at 0.5%, then at 0.3% and then as a last resort at PAR, at which point, all I had left to sell were gone nearly as fast as I could list them.
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registerme
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Post by registerme on Aug 29, 2016 12:39:53 GMT
Particularly if there is nothing on the primary market (which is basically the case at the moment). A good time to offload old loan parts onto autobiddies..........
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ptr120
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Post by ptr120 on Sept 21, 2016 11:11:26 GMT
There seems to be a couple of ok loans (incl some property) which has just been listed at par - I wonder if someone had been having a cleanout?
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Post by many38 on Sept 22, 2016 10:05:38 GMT
Offloading at a time like this seems like a good idea, however all I'm left with are a load of defaults, some of which have been written off. I had so many SME defaults that 2 years ago I decided to only opt for short term property loans thinking they would be more secure but I'm sitting on 3 defaults there so I'm out. One A+ from the first 6 months of FC launching is still repaying in dribs and drabs. I might not live to see it fully repaid.
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Post by ogwellian on Sept 22, 2016 12:08:09 GMT
I only buy batches of C and D loans. Sell them at par a day before the third payment due and they go almost instantly. No losses yet, not very time consuming and a healthy return.
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ptr120
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Post by ptr120 on Sept 22, 2016 12:26:10 GMT
Offloading at a time like this seems like a good idea, however all I'm left with are a load of defaults, some of which have been written off. I had so many SME defaults that 2 years ago I decided to only opt for short term property loans thinking they would be more secure but I'm sitting on 3 defaults there so I'm out. One A+ from the first 6 months of FC launching is still repaying in dribs and drabs. I might not live to see it fully repaid. According to the loan book, no property loans have defaulted - which ones are you in that have? (several are late)
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Post by many38 on Sept 23, 2016 14:06:42 GMT
Sorry, I should have said "Late". At this level of risk I might as well be getting 12% elsewhere.
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blender
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Post by blender on Sept 23, 2016 15:29:23 GMT
I suppose that strictly some have defaulted in that they have met the criteria for a default - not paying a long time after due. But the have not been defaulted. They are only going to default a loan when losses are a serious risk and recoveries are a better route.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Sept 25, 2016 14:16:30 GMT
Probable glut in same situation after the report in the Sunday Txxxs about increased losses company has posted. Put down to being in expansion phase the fy. Time will tell if the plan to go global can hopefully be acheived before the cash runs out.
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jcm9000
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Post by jcm9000 on Oct 24, 2016 10:20:07 GMT
Lots up this morning and going fast...
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oldgrumpy
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Post by oldgrumpy on Oct 24, 2016 10:27:11 GMT
Another report, in the T***s.
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jcm9000
Member of DD Central
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Post by jcm9000 on Oct 24, 2016 10:46:33 GMT
I was wondering if another news spanking had appeared!
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