chunkie
Member of DD Central
Posts: 121 
Likes: 83
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Post by chunkie on Apr 30, 2018 13:56:08 GMT
Not sure they're about to fail but I wonder about their cash flow position. Aggregate repayments for the past six months (at 20 million) are the lowest for almost two years and almost half the average 6-monthly aggregate rate (38.6 million) over the same two years. Also, nonperforming loans (defaults, suspended or overdue) are now running at 45% (expressed as a % of all live + all such non-performing loans).
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Apr 30, 2018 16:09:04 GMT
I’m concerned for Lendy’s future too so to help them out, I’ve put all my sellable loan parts up for sale so that Lendy can profit from my capital. Maybe it’ll help them through this difficult patch. It means that they can earn interest while I take all the risk. Seems like the least I can do. Never understood why anybody would do this.
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Jeepers
Member of DD Central
Posts: 818
Likes: 721
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Post by Jeepers on Apr 30, 2018 16:14:49 GMT
I’m concerned for Lendy’s future too so to help them out, I’ve put all my sellable loan parts up for sale so that Lendy can profit from my capital. Maybe it’ll help them through this difficult patch. It means that they can earn interest while I take all the risk. Seems like the least I can do. Never understood why anybody would do this. To get his money back?? What are you going to come out with next? Why isn't everyone rushing to buy my overdue loans ?
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hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
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Post by hazellend on Apr 30, 2018 16:17:29 GMT
Never understood why anybody would do this. To get his money back?? What are you going to come out with next? Why isn't everyone rushing to buy my overdue loans ? Why do people want money out? Sellable loans are usually decent prospects paying 12% Too many short term speculators is the problem. Seems only the minority are able to stay calm and rational.
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Post by masquedefer on May 1, 2018 6:51:50 GMT
Yet another month has passed and most of the expected loan repayments much promised by Lundy failed to arrive. I see Lundy are not making any great predictions for May.
How many more new defaults will be racked up between now and Cowes week? What loan repayments will be made? Any guesses? How many new loans will fail to be 100% filled? Will the SM become flooded with unwanted loans that have widely inaccurate valuations? Watch this space.
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blata
Posts: 77
Likes: 62
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Post by blata on May 1, 2018 7:42:54 GMT
Maybe the cup may be half full not half empty.
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jontyab
Member of DD Central
Posts: 117
Likes: 79
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Post by jontyab on May 1, 2018 7:43:44 GMT
I feel like I'm not in on a joke.
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Post by loftankerman on May 1, 2018 7:55:54 GMT
This cup is cracked. Will you replace it please?
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Post by Companion Cube on May 1, 2018 8:08:20 GMT
I feel like I'm not in on a joke. Yeah me too. I've always just glossed over it, I've not seen an explanation. Anyone care to explain? I'm sure I'll find it funny too.
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blata
Posts: 77
Likes: 62
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Post by blata on May 1, 2018 8:14:26 GMT
Is in our interest to see some positive.
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Post by p2plender on May 1, 2018 8:35:50 GMT
After the Wolverhampton farce it is hard to find any.
I said at the time that was make or break for Lendy given size. Matter of time I'd have thought.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on May 1, 2018 8:39:08 GMT
I feel like I'm not in on a joke. Yeah me too. I've always just glossed over it, I've not seen an explanation. Anyone care to explain? I'm sure I'll find it funny too. See last line here. p2pindependentforum.com/post/258646/thread
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Post by Companion Cube on May 1, 2018 9:42:05 GMT
Thanks Ilmoro. Makes a lot of sense now.
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Post by charliebrown on May 1, 2018 11:02:18 GMT
I am very concerned by the amount of cash I’ve got stuck in defaulted loans, yes, I said it, DEFAULTED. However, my biggest fear and my worst nightmare, is that LY will just cut and run and leave us all high and dry. I worry about this scenario all the time and any small turn of events, such as the interest run being late, scares the living daylights out of me.
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locutus
Member of DD Central
Posts: 1,059
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Post by locutus on May 1, 2018 11:41:46 GMT
However, my biggest fear and my worst nightmare, is that LY will just cut and run and leave us all high and dry. I worry about this scenario all the time and any small turn of events, such as the interest run being late, scares the living daylights out of me. That's not healthy at all and suggests you're overexposed. I suggest cutting back to levels you're comfortable with.
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