TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Oct 17, 2016 19:58:40 GMT
Just looked at the bid list, and last bids for the Estate Agent were made on 13th, so guess the weekend has delayed things. More to the point for me, as I have a bid in, is R* S* Management Limited which did complete on 11th and is also still Pending; it is showing a first repayment date of 11 Nov (which would be good, being a month after auction ended) but FAQs say interest starts accruing when bid is taken up - which will be at least a week later!
A minor point with the current repayment decimation, but just wondered if anyone had noticed whether Scheduled Dates get reset once loan goes live? As an aside, the dates on the Current Loans page are a day ahead of the individual listings.
OT, the BD Ltd auction is at 15%, with 16 hours and almost £80k to go. Any bets on an extension or who will be the cavalry this time around - not that I would touch a company making (virtually) no profits and no dividend with a dilapidated greenhouse as security!
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Post by lionelrichtea on Oct 17, 2016 21:18:31 GMT
Just looked at the bid list, and last bids for the Estate Agent were made on 13th, so guess the weekend has delayed things. More to the point for me, as I have a bid in, is R* S* Management Limited which did complete on 11th and is also still Pending; it is showing a first repayment date of 11 Nov (which would be good, being a month after auction ended) but FAQs say interest starts accruing when bid is taken up - which will be at least a week later!
A minor point with the current repayment decimation, but just wondered if anyone had noticed whether Scheduled Dates get reset once loan goes live? As an aside, the dates on the Current Loans page are a day ahead of the individual listings.
OT, the BD Ltd auction is at 15%, with 16 hours and almost £80k to go. Any bets on an extension or who will be the cavalry this time around - not that I would touch a company making (virtually) no profits and no dividend with a dilapidated greenhouse as security! Actually I got confused and it was the R* S* Mgmt that I was talking about in my previous post, not the estate agent. I can't even recall the name of the estate agent business now, or even whether I placed a bid on it or not.
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Nov 2, 2016 7:45:11 GMT
Revisited this thread wondering if the total lack of new loans is linked to the apparent funding shortages of the big backers? The assessment pipeline seems populated, but whatever the reason it's very bad timing to coincide with the new bonus promotion - not a positive impression for potential/actual recruits!
Pleased to note that R* S* M* went live soon after the previous posts, but I have just noticed that it appears both the B* W* Estate Agent and the B* D* Scottish coffee house renovation project are still Pending drawdown - maybe some of those funds were artificially created and awaiting realisation?
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adrianc
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Post by adrianc on Nov 2, 2016 8:29:34 GMT
Revisited this thread wondering if the total lack of new loans is linked to the apparent funding shortages of the big backers? The assessment pipeline seems populated, but whatever the reason it's very bad timing to coincide with the new bonus promotion - not a positive impression for potential/actual recruits! Slow PM + new-lender promo = lively SM. Works for me...
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Nov 8, 2016 2:56:37 GMT
The current auctions are very slow getting funded. Any new £5k recruits would be expected to put in £100 to each proposal in order to attain a reasonably diversified 50-loan portfolio. So what does the current situation tell us ?
1. The usual "big backers" are mainly conspicuous by their absence, with none of the traditional early-funding evident.
2. Right now there appear to be less than a dozen new names in the 3-figure bid zone - so either the recruiting has been poor, or they don't see the attraction of these particular offerings
Let's hope that if there's a last-minute funding frenzy the big boys leave enough room for most of the retail bidders
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Post by lionelrichtea on Nov 9, 2016 11:55:58 GMT
The big boys swoop in to take almost 75% of the loan value, two and a half hours before the loan closes.
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Dec 19, 2016 8:15:52 GMT
Looking to be an interesting morning. Two offers scheduled to end today, the small one already significantly overfunded and a higher proportion of rebids than I've noticed before, but the other still less than half way to target, 80% of that from the LRBHs suggesting retail bidders don't find it attractive; obviously not helped by another example of LC's poor DD, as well as a surprisingly generous (in my opinion unwarranted) Credit Band.
Being "south of the Border", no chance of the Scottish Bank bailing it out, and little chance of significant retail investment, so the other supporters are going to need to go in to over 90% to complete funding - with another 2 loans due to complete this week, what are the odds for some extensions?
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