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Post by lolly88 on Oct 21, 2017 14:08:33 GMT
Yes I can. I can see you're pretty determined on your outlook. Good luck to you. Having invested you wont be surprised that I don't share your views. Lets return to this when the loan matures! Or when it defaults.
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sirius
Member of DD Central
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Post by sirius on Oct 21, 2017 21:30:50 GMT
Yes I can. I can see you're pretty determined on your outlook. Good luck to you. Having invested you wont be surprised that I don't share your views. Lets return to this when the loan matures! Or when it defaults. lolly88, I am with you on this one. It looks a stonewall cert to me!
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Oct 21, 2017 22:17:36 GMT
Or when it defaults. lolly88, I am with you on this one. It looks a stonewall cert to me! That's what makes a market. Of course, I disagree, otherwise I wouldn't have invested.
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Post by Badly Drawn Stickman on Oct 21, 2017 22:48:10 GMT
lolly88, I am with you on this one. It looks a stonewall cert to me! That's what makes a market. Of course, I disagree, otherwise I wouldn't have invested. Not the kind of market you are thinking I suspect, but arguably if this business is not up and running before the pre Christmas sales period, the 12 month figures will suffer. Given that part of this funding is to prepare for opening, then if it does not draw down soon that gets less likely. Might be time for Moneything to find another £23,750. 2% cashback would be pretty enticing.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on Oct 21, 2017 23:10:05 GMT
That's what makes a market. Of course, I disagree, otherwise I wouldn't have invested. Not the kind of market you are thinking I suspect, but arguably if this business is not up and running before the pre Christmas sales period, the 12 month figures will suffer. Given that part of this funding is to prepare for opening, then if it does not draw down soon that gets less likely. Might be time for Moneything to find another £23,750. 2% cashback would be pretty enticing. I won’t argue with 2% cash back lol
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archie
Posts: 1,854
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Post by archie on Oct 22, 2017 8:28:14 GMT
I'm in, probably for more than I should. If I can't trim that's fine. My choice. I note there will be a restaurant and tea room which should help with footfall. There's also a website for the dealers to promote and sell their products online. Everyone must decide for themselves, all P2P carries risk.
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gustapher
Member of DD Central
Posts: 144
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Post by gustapher on Oct 22, 2017 9:37:54 GMT
Have those who are 'in' factored the likely viability of the 'SM' as fellow investors try and offload? Consider the possibility of being trapped 'till term, now how would the 'in' feel about taking the 1% incentive, how could they feel about the prospect for a realistic exit plan? Consensus (though I may be mistaken) is that this loan is weak on a number of counts, this is no idle concern but one that that encompasses in the Singular and in the Plural ie for me and for others. But we all have our freedom to choose and our freedom to express opinion. As someone who is 'in' yes I did consider this. I invested before the cashback offer and upped my stake slightly when it was added. Being trapped for a while because people immediately try dumping after receiving the cashback is a concern, but I think unless there is a negative update that changes things I do not think it is a given investors will be trapped to term. Unlike loans where there is availability because of a genuine problem, much of what is being posted is speculation and opinion. I am uncomfortable with certain aspects of the proposition but that is because we have seen similar situations go wrong on other platforms/loans. However correlation doesn't equal causation. The rate is good and MT know they can't make too many mistakes with DD or their investors will flee so our interests are aligned somewhat. Risk/reward feels acceptable. At 13/14% you can't expect a free lunch. Balanced with your concern for other investors given your negative outlook on the loan, I think people should also consider the opportunity cost of you being wrong. As much as you could be right, you could end up costing investors lots of money and interest in a loan that pays out handsomely. Time will tell.
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Post by marcusponds on Oct 22, 2017 11:18:14 GMT
I sincerely appreciate and value all opinion on the board on a new loan, alongside DD nuggets. local knowledge etc...etc...(and try to play a small part in that). However I fail to see what non-investors get out of repeatedly reminding the rest of us, clearly less intelligent investors, to stay away once the loan is underway.
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alison
Member of DD Central
Sanctuary!!
Posts: 356
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Post by alison on Oct 22, 2017 11:44:36 GMT
Lest we forget.......................
Two million pounds has already been pledged by p2p investors.
It's a pretty big loan.
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r00lish67
Member of DD Central
Posts: 2,692
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Post by r00lish67 on Oct 22, 2017 12:24:46 GMT
I sincerely appreciate and value all opinion on the board on a new loan, alongside DD nuggets. local knowledge etc...etc...(and try to play a small part in that). However I fail to see what non-investors get out of repeatedly reminding the rest of us, clearly less intelligent investors, to stay away once the loan is underway. I think their concerns are that: a) i n their view, MT's origination quality appears to be lowering, and they wish to urge MT to up their game. b) The loan is not yet full, and even when it is there may still be the opportunity to sell. This forum is all about different investors providing their views to hopefully benefit others. It'd be a bit of a boring place if we were only allowed to post positive things about a loan once its filled alongside with commentary about trivia. That's what I read Lendy's weekly updates for
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toto
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Post by toto on Oct 23, 2017 16:35:20 GMT
Not much to go here. I might kick a bit more in... I like the cash back
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Post by eascogo on Oct 23, 2017 16:47:52 GMT
A chunk of the returned Bradford money is likely to go into this loan. Only 7% left to have it filled and CB to be allocated.
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fogey
Posts: 171
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Post by fogey on Oct 23, 2017 16:53:57 GMT
I haven't seen much evidence of the really big BHs so far and this is usually the time they appear to gobble up what is left ... only to put it on sale again as soon as they can ... Given the time this loan has been on the market perhaps even the CB hasn't pulled in these whales .. so the good news here may be that the risk of an initial clog up on the SM may not be as bad as CB's normally induce ... Not long now to see how this one will work out
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Post by Badly Drawn Stickman on Oct 24, 2017 14:44:58 GMT
I haven't seen much evidence of the really big BHs so far and this is usually the time they appear to gobble up what is left ... only to put it on sale again as soon as they can ... Given the time this loan has been on the market perhaps even the CB hasn't pulled in these whales .. so the good news here may be that the risk of an initial clog up on the SM may not be as bad as CB's normally induce ... Not long now to see how this one will work out Time to start talking this one up now. I have just added a bit. I See they are paying themselves to keep the work ticking over, and the lift is all but fitted. Hope its a big capacity one, word on the street is antiques and collectibles will be filling Santa's sack this year. That's all I have, anybody help?
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elliotn
Member of DD Central
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Post by elliotn on Oct 27, 2017 14:25:26 GMT
Flip of the Day now available.
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