jimbob
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Post by jimbob on Oct 7, 2015 11:19:58 GMT
Wotcha, got it - so there is probably behind the scenes movement of underwriter's funds from PBL 59 to 60 today I can see the sense in thall this.
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jimbob
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Post by jimbob on Oct 7, 2015 11:03:29 GMT
I'd have thought the PBL would be quite close today - why does the "Amount available to fund" keep jumping up ? Surely people aren't trying to sell particularly as it's Very new; you get your 1% on drawdown; you're earning 12% for a non live loan at the moment which (I think) carries less risk than if it was 'live'; are sales even possible at this point ?
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jimbob
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FundingSecure (FS) in Administration
New Loan Coming
Oct 6, 2015 14:09:52 GMT
Post by jimbob on Oct 6, 2015 14:09:52 GMT
fundingsecure: I note that the boat can be taken out of the storage facility and used for 'promotional' activities. Could those activities include racing the boat? Wasn't there a posh speed boat a while ago that was taken out for 'promotional' activity, and ended up in about a thousand pieces? Better check the insurance situation before investing Ooh I do love a "first tranche"
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jimbob
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Lendy (L) in Administration
Superyacht
Oct 5, 2015 7:12:49 GMT
Post by jimbob on Oct 5, 2015 7:12:49 GMT
Don't know about the boat, but I'd have thought any sale involving the house would easily cover any expense involved.
Personally I'm in on the house, but not the boat. International waters/law and all that...
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jimbob
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Post by jimbob on Oct 2, 2015 13:25:12 GMT
I have some reservations about large provision funds. If there is another banking crisis, the bank holding the provision fund may not get bailed out. That means the provision fund has only £75,000 protection. Yes, I suppose you're exposed to the credit risk of Barclays, HSBC, Lloyds or whichever bank holds the provision fund.
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jimbob
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Post by jimbob on Oct 2, 2015 8:56:40 GMT
A fat 100k bellyflopped back into the Infinity Pool this morning drenching any hope of that one making it to the bottom . Think SS might have to hold their nose on that & PBL60 & jump in with UW if they want it drawndown soon. Why are PBL59 and 60 filling so slowly - as a small player I'm invested in both. Anything putting off the big hitters or just a bit of a lack of funds... Some superyacht cash to go round soon ?
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jimbob
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Post by jimbob on Oct 1, 2015 23:15:59 GMT
Not sure the W**w**** deal is for me as an investor.
Cracking deal on a new boiler should mine pack up though !
0% for 5 years !
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jimbob
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Post by jimbob on Oct 1, 2015 17:52:47 GMT
At the moment it looks like 15-20pc will be pro rats at a guess.... Every little helps
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jimbob
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Post by jimbob on Oct 1, 2015 16:07:56 GMT
Responded to the email.
Will be interesting to see what the request % is.
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jimbob
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Post by jimbob on Oct 1, 2015 11:33:42 GMT
Dunno, I received £2.56 interest rather than the £2.99 that was displayed on my dashboard thus far though.
It's my first month though, so not 100% certain if it should match up (Interest collected to the 28th or something and paid on 1st ?) Is there a detailed breakdown of interest you can see anywhere ?
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jimbob
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Post by jimbob on Oct 1, 2015 10:34:17 GMT
Managed to pick up some of the "Crowborough Woodlands"
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jimbob
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Post by jimbob on Sept 30, 2015 15:07:02 GMT
CSP268 flying off the shelf.
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jimbob
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Post by jimbob on Sept 29, 2015 13:52:56 GMT
Savingstream advertises 12% on their front page, but isn't 1% a month actually 12.68% ?
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jimbob
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Post by jimbob on Sept 29, 2015 12:55:13 GMT
I've got a small bit of cash in the 5 year market at Market rate, but I've changed the setting to reinvest at 6.6% now.
When/how does that kick in. 0.6% over 5 years will add up !
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jimbob
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Post by jimbob on Sept 28, 2015 22:01:30 GMT
I am not sure whether to apologise or not. 17 investors got filled (one person was in for a substantial amount). This, for me personally and professionally, is a very difficult situation to manage. 14% per year annually is, in my opinion, a very, very generous interest rate for investors. Before I had even said that I would do a trade, I had nearly £1mio in commitment. This then leaves me in a dilemma - do I cut the interest rate or increase the size? Unfortunately, if I cut the rate then I do lenders a disservice because the borrower is happy to pay the rate. If I increase the size then I have sleepless nights over how much dealflow the client can do at this level of profitability. My priority is to achieve a deal size that maintains maximum security and unfortunately that has led to a fastest finger first. If people are willing to buy at a lower rate then I am sure that some loans will be offered at 12 or 13% tomorrow morning and these will be paid with accrued interest etc. Perhaps restrict bids to £1000 for the first 5 minutes of the offer ?
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