michaelc
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Say No To T.D.S.
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Post by michaelc on Apr 8, 2018 19:37:12 GMT
Obviously there are a lot of variables at play, but in general it seems to take around a day to get through £1,000 of queue with the loan size not making that much difference. Zero queue loans seem to go in minutes presumably snapped up by bots programmed to eat certain loans. So I'm assuming if everything stays the same, it would take a week or two to sell loans with up to a 10K queue and probably not much prospect for queues larger than that (meaning I should probably take them off the sm in case they pay at some point...)?
It's better than I expected....
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hazellend
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Post by hazellend on Apr 8, 2018 19:56:23 GMT
If Sunbeam repays I would’nt be surprised to see a temporary emptying of the SM.
Sheds and student seem to be trundling along nicely as well.
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seb8072
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Post by seb8072 on Apr 8, 2018 20:11:35 GMT
Obviously there are a lot of variables at play, but in general it seems to take around a day to get through £1,000 of queue with the loan size not making that much difference. Zero queue loans seem to go in minutes presumably snapped up by bots programmed to eat certain loans. So I'm assuming if everything stays the same, it would take a week or two to sell loans with up to a 10K queue and probably not much prospect for queues larger than that (meaning I should probably take them off the sm in case they pay at some point...)? It's better than I expected.... I concur with your assessment. I put one on about a week ago with a queue £77k, it's now down to about £71k.
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tx
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Post by tx on Apr 9, 2018 4:04:36 GMT
I concur with your assessment. I put one on about a week ago with a queue £77k, it's now down to about £71k. I am looking forward to seeing an empty SM! Recalling the SS old days even default loans were also snapped up within ... micro seconds. But I don’t believe that’s a bot though, not then not now. There are certainly professional traders at this platform that monitor the list loans all the time.
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hazellend
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Post by hazellend on Apr 9, 2018 7:03:22 GMT
I concur with your assessment. I put one on about a week ago with a queue £77k, it's now down to about £71k. I am looking forward to seeing an empty SM! Recalling the SS old days even default loans were also snapped up within ... micro seconds. But I don’t believe that’s a bot though, not then not now. There are certainly professional traders at this platform that monitor the list loans all the time. Must be like watching paint dry
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sl75
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Post by sl75 on Apr 9, 2018 8:25:01 GMT
I am looking forward to seeing an empty SM! Recalling the SS old days even default loans were also snapped up within ... micro seconds. But I don’t believe that’s a bot though, not then not now. There are certainly professional traders at this platform that monitor the list loans all the time. Must be like watching paint dry A lot depends on your definition of a "bot". I don't think many people would describe something that automatically refreshes the page for you every minute or so that you leave on the side of one of several of your monitors as a "bot" - a technique readily available to anyone that spends large amounts of time at a computer and can afford a bit of screen space to put a window they'll glance at from time to time. Reportedly in the past the arms race of automated tools to beat the "fastest finger first" allocation for scarce loans on the SM included bots that did everything except solving the captcha (refreshing the available loans page, then opening a pop-up window with the specific loan which has just become available, and pre-filling the amount, leaving the human master only the job of proving that they're not a robot...). I understand that Lendy have subsequently put checks for over-aggressive refreshes etc. on the site to dissuade such tools/bots, or at least ensure they're throttled to a level that won't overload the servers.
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GeorgeT
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Post by GeorgeT on Apr 9, 2018 9:03:39 GMT
I had email about £6 million of repayments at the end of last week including the cement loan which was a big loan in itself. What effect has this big amount of repayments had on the size of the secondary market? Roughly what percentage of the repayments have been reinvested on the platform?
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hazellend
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Post by hazellend on Apr 9, 2018 9:10:14 GMT
I had email about £6 million of repayments at the end of last week including the cement loan which was a big loan in itself. What effect has this big amount of repayments had on the size of the secondary market? Roughly what percentage of the repayments have been reinvested on the platform? At a guess I would say a substantial amount has been reinvested assuming not much new money is flowing into the platform.
It is definitely looking a lot more positive for lendy at the moment, particularly if sunbeam repays in April.
Any comments on the cement loan repaying georget? Despite not investing you spent a lot of time trying to talk this one down despite it being a great loan 
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Post by skint4achange on Apr 9, 2018 9:11:55 GMT
In the 6 hours following the repayments, the SM decreased by around £3m. So, about 50% was reinvested straight away, some more may follow as people realise they have money on account and reinvest.
But, considering the sentiment surrounding Lendy, even 50% is a good result! 
Crossed with Hazellend
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sl75
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Post by sl75 on Apr 9, 2018 9:41:11 GMT
In the 6 hours following the repayments, the SM decreased by around £3m. So, about 50% was reinvested straight away, some more may follow as people realise they have money on account and reinvest.
But, considering the sentiment surrounding Lendy, even 50% is a good result!
Crossed with Hazellend It's a shame jonah 's tracker has been broken for all of these interesting movements in the SM over the last month. Has anyone else been keeping track of it that would be able/willing to fill in the gap? The simple ratio doesn't necessarily follow though, as there are secondary effects that reduce the availability on the SM such as: - the sellers of the original loan parts re-investing their sales proceeds in other loans. - sellers who had put several loans on sale cancelling the ones that didn't sell once they've raised sufficient funds. I would also expect (and don't know whether it occurred as I've not been keeping track of the SM total) a certain amount of bounce-back too - as people observe a more liquid SM and put loan parts on sale that they'd not even bothered trying to sell before. However, these effects will almost certainly be present for other large repayments too.
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Post by freedommmm on Apr 9, 2018 15:28:45 GMT
There are four more DFL loans going live tomorrow! This dumping of loans despite a 7.3 million queue on SM is a clear message that the management simply does not want clients like ourselves anymore!
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hazellend
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Post by hazellend on Apr 9, 2018 15:59:25 GMT
There are four more DFL loans going live tomorrow! This dumping of loans despite a 7.3 million queue on SM is a clear message that the management simply does not want clients like ourselves anymore! How is it? Forget SM, it is just a bonus feature.
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seb8072
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Post by seb8072 on Apr 9, 2018 17:28:21 GMT
There are four more DFL loans going live tomorrow! This dumping of loans despite a 7.3 million queue on SM is a clear message that the management simply does not want clients like ourselves anymore! How is it? Forget SM, it is just a bonus feature. More like a hope feature.
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p2p2p
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Post by p2p2p on Apr 9, 2018 18:13:23 GMT
I can see why the developers need the new tranches to come along regularly, but they must be aware that previous tranches on the SM doesn't bode well. I can't imagine anyone has autobid on any more. Are the borrowers contractually obliged to continue the DFLs here, our could they switch to a more liquid platform?
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Post by p2plender on Apr 10, 2018 2:21:51 GMT
Sometimes I read this forum then log in and look at the SM and then realise there are lots of rose tinted and hopeful SM sellers amongst us. I'm expecting to log in and see a baron sm, quite the opposite. Either that or they don't remember the good ol days of the good ship SS.
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