ganymede
Member of DD Central
Posts: 299 
Likes: 207
|
Post by ganymede on Feb 15, 2017 10:41:34 GMT
Cheers for the heads up, someone actually bought mine so it's just found a home in the latest Manchester tranche! What is the benefit to they buyer? They're not going to earn any interest by holding these loans for less than a day are they? It would be a full day, as interest is calculated daily, loan value / 365 * 11%, if paid to nearest month that interest up to the 18th then it's 4x the amount or loan value / 365 * 44%. We've only been told it's being repaid today. If funding is no problem for today's bid, and already used up limit available. It's speculation with spare cash used being returned almost immediately, if any delay then there is interest for each extra day. £0.01 = loan / 365*11%, loan = £0.01 *365 / 11% = £33.18 so that's any loan in excess of £33.18 might be less depending on the rounding used.
|
|
dan83
Posts: 243
Likes: 84
|
Post by dan83 on Feb 15, 2017 11:58:28 GMT
Cheers for the heads up, someone actually bought mine so it's just found a home in the latest Manchester tranche! What is the benefit to they buyer? They're not going to earn any interest by holding these loans for less than a day are they? They would get a day's worth of interest.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Feb 15, 2017 12:37:17 GMT
What is the benefit to they buyer? They're not going to earn any interest by holding these loans for less than a day are they? I guess they're hoping repayment might be delayed, or haven't realised just how imminent the word "imminent" means. Either way, it's about as safe as P2P gets. Spot on. They are actually migrating SS investors who understand the word imminent to mean "this year" (or at the latest, "next year")
|
|
|
|
Post by sannytwist on Feb 15, 2017 16:08:44 GMT
I just got my 2nd max bid for this loan. Whats the chances of anything remaining for tomorrow?
Highly unlikely?
|
|
ganymede
Member of DD Central
Posts: 299
Likes: 207
|
Post by ganymede on Feb 15, 2017 16:17:08 GMT
I just got my 2nd max bid for this loan. Whats the chances of anything remaining for tomorrow? Highly unlikely? 2nd max bid here also. Added funds this morning in case loans for repayment did pay back in time. Which means more available for tomorrow if any left / enough that it's worth trying to bid for.
|
|
|
|
Post by marcusponds on Feb 15, 2017 16:32:59 GMT
Half an hour gone and still 90k left.
Well done to Ed and the Things for getting two big loans away smoothly and panic-free following the bidding cap and system performance improvements.
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Feb 15, 2017 16:33:31 GMT
I just got my 2nd max bid for this loan. Whats the chances of anything remaining for tomorrow? Highly unlikely? Suspect any left will soon go once S***b***s repays. If you have any of that, you could sell now. Just sold a couple of dregs myself now to get more MH ahead of the actual repayment. Edit. Apologies - just seen you've maxed out your 2nd allocation already... 
|
|
|
|
Post by sannytwist on Feb 15, 2017 17:46:20 GMT
Its 17.45pm and theres close to £80k left. We mite have some left for another bid limit tomorrow...... yessssss.
I hope.
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Feb 15, 2017 17:48:10 GMT
Its 17.45pm and theres close to £80k left. We mite have some left for another bid limit tomorrow...... yessssss. I hope. I suspect not if Sandbanks repays in the morning as indicated.
|
|
|
|
Post by sannytwist on Feb 15, 2017 17:52:22 GMT
pls educate me , what is gonna happen?
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Feb 15, 2017 18:10:11 GMT
pls educate me , what is gonna happen? A good part of the repaid funds will be diverted into the MH loan (where lenders haven't used up their bid limit)
|
|
johni
Member of DD Central
Posts: 365
Likes: 327
|
Post by johni on Feb 15, 2017 18:13:57 GMT
A loan is due to be repaid tomorrow so lots of people will have money in there accounts. This is likely to be used on the M********* H*** loan. So it is unlikely there will be anything left at 4pm
|
|
|
|
Post by sannytwist on Feb 15, 2017 19:15:51 GMT
Ahhhh....... l saw the notice from MT staff regarding those loans (imminent repayment). I didn't join till november so still newbie here.
Thanks for the info anyway. Still l'm happy to get 2k in tho, love the new system. I'm not one of the ones with the ultra fast fingers.
|
|
|
|
Post by sannytwist on Feb 16, 2017 7:58:17 GMT
Good morning all, there is still £43k left. Hope l'm not too optimistic but thinking right now there will be some left at 16.00pm this late afternoon .
I'm all ready baby
|
|
SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
|
Post by SteveT on Feb 16, 2017 8:03:09 GMT
Good morning all, there is still £43k left. Hope l'm not too optimistic but thinking right now there will be some left at 16.00pm this late afternoon . I'm all ready baby With over £460k to be repaid to lenders this morning from the 3 Sandbanks loan tranches, I doubt it ...
|
|
