bigfoot12
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Post by bigfoot12 on Sept 28, 2018 22:16:08 GMT
I think you have overlooked...that... you will also receive repayment of £1000 capital for which you only paid £990...
You are quite correct, although it makes the calculation somewhat more difficult ...9.091%. YIELD function on LibreOffice gets pretty close. It has a maximum frequency of quarterly, but that is usually closer than 0.1%. I imagine that there are similar functions in Excel.
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bg
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Post by bg on Oct 2, 2018 6:12:03 GMT
Latest (best discount now 1%):-
Note this excludes anything I may be selling.
# Discounted
829 15,384
830 149,129
774 198,016
828 199,354
295 9,126
824 566
820 1,052
822 17,130
730 23,025
776 35,819
775 12,553
766 65,551
765 9,037
756 64,871
768 241,178
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Post by barneywol on Oct 8, 2018 10:10:51 GMT
How do you find these figures? Following the hint in earlier posts, by hovering over the "Units available" value I can see if any are discounted, but it just says "£xxx available for investment between -1% and par value" - I can't see any indication of how much is available at discount.
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bigfoot12
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Post by bigfoot12 on Oct 8, 2018 10:32:49 GMT
How do you find these figures? Following the hint in earlier posts, by hovering over the "Units available" value I can see if any are discounted, but it just says "£xxx available for investment between -1% and par value" - I can't see any indication of how much is available at discount. Once you have found a loan with a discount, click on it and then click on the amount available for investment. A popup then shows the amount at each discount price.
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Post by barneywol on Oct 8, 2018 10:36:13 GMT
Aha! Thank you! Bit subtle, ain't it? :-) Well thank you all - might be able to save a few pennies now! :-)
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 8, 2018 10:44:43 GMT
Aha! Thank you! Bit subtle, ain't it? :-) Well thank you all - might be able to save a few pennies now! :-)
You don't really save as much as make. If you buy £100 @1% discount you actually get £101.01 holding so increase your pot. If you want to save you need to underbid ie invest £99 to get £100 holding.
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Post by barneywol on Oct 8, 2018 10:56:36 GMT
Aha! Thank you! Bit subtle, ain't it? :-) Well thank you all - might be able to save a few pennies now! :-)
You don't really save as much as make. If you buy £100 @1% discount you actually get £101.01 holding so increase your pot. If you want to save you need to underbid ie invest £99 to get £100 holding. Ah, OK, thank you. That looks the same as the bonus you get on some new loans. As was mentioned earlier, I've noticed I sometimes get 1% more than I asked/paid for. I've just had a look at the upcoming-loans page, and can't see any indication that this bonus is being offered/applied - no obvious pop-ups when hovering over anything. It's very nice, Assetz, thank you, but if we don't know you are offering the bonus, there is nothing to persuade us to go for that loan over any other.
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SteveT
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Post by SteveT on Oct 8, 2018 11:17:24 GMT
It’s not Assetz offering the “bonus” (actually a discount). It’s the seller, who generally will be an underwriter dealing back part of their underwriting margin to sell down their holding faster.
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Post by barneywol on Oct 8, 2018 11:25:43 GMT
It’s not Assetz offering the “bonus” (actually a discount). It’s the seller, who generally will be an underwriter dealing back part of their underwriting margin to sell down their holding faster. Thanks Steve. I would still call it a "bonus", as I receive £101 of the loan for a cost of just £100. Yes, OK, pot-ay-toe, pot-ah-toe, but I am getting more than I paid for, rather than paying less for what I ordered.
But semantics aside, it would still be nice to know if and when this was going to be applied, else (and at the risk of shooting myself in the foot) - why are they bothering if we don't know about it? Just hoping we'll go in for the lucky-dip? That doesn't really seem to equate to someone wanting to shift stock quickly.
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bg
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Post by bg on Oct 8, 2018 11:34:39 GMT
It’s not Assetz offering the “bonus” (actually a discount). It’s the seller, who generally will be an underwriter dealing back part of their underwriting margin to sell down their holding faster. Thanks Steve. I would still call it a "bonus", as I receive £101 of the loan for a cost of just £100. Yes, OK, pot-ay-toe, pot-ah-toe, but I am getting more than I paid for, rather than paying less for what I ordered.
But semantics aside, it would still be nice to know if and when this was going to be applied, else (and at the risk of shooting myself in the foot) - why are they bothering if we don't know about it? Just hoping we'll go in for the lucky-dip? That doesn't really seem to equate to someone wanting to shift stock quickly.
Because it puts them ahead of all those people selling at par, that's why. If you only want to buy a loan that is discounted then just put a bid in at -1% (do it before it draws or you may miss out). On the upcoming loans page, 833 will have units available at a discount while 835 won't.
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bg
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Post by bg on Oct 8, 2018 11:36:45 GMT
Latest:-
Loan # Discounted
830 110,903
828 2,947
824 5,157
776 15,279
774 236,012
768 230,187
766 79,456
730 20,339
581 20,324
544 11
388 7,256
384 181
295 7,653
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 8, 2018 11:39:17 GMT
You won't know because it's up to the seller but as a rough rule of thumb the larger the new loan the more likely it will be UW and more likely discounts will be offered to flip holdings. If you are just looking to buy holdings at discount then set you buy instruction on new loans to just buy at discount. If you particularly want a loan then set to par to ensure you get some, particularly on small loans which tell to fill at drawdown whereas larger loans will hang around and you can actually buy at discount for quite a period after drawdown. If a loan is discounted at drawdown, as some are, you'll get the discount even if you've ordered at par. System buys at best price available.
Crossed with BG a bit
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Post by barneywol on Oct 8, 2018 11:43:01 GMT
Because it puts them ahead of all those people selling at par, that's why. If you only want to buy a loan that is discounted then just put a bid in at -1% (do it before it draws or you may miss out). On the upcoming loans page, 833 will have units available at a discount while 835 won't. Ah, OK. But again, sorry - how do you know that? I still can't find any indication to that effect.
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bg
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Post by bg on Oct 8, 2018 11:48:06 GMT
Because it puts them ahead of all those people selling at par, that's why. If you only want to buy a loan that is discounted then just put a bid in at -1% (do it before it draws or you may miss out). On the upcoming loans page, 833 will have units available at a discount while 835 won't. Ah, OK. But again, sorry - how do you know that? I still can't find any indication to that effect. You won't know unfortunately...I know because I underwrite some of the loans and I know 835 wasn't offered to underwriters so will be sold at par. If you only want to buy at a discount then like I (and others) said just put bids in at a discount - but you may miss out entirely on more popular loans.
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Post by barneywol on Oct 8, 2018 11:52:53 GMT
OK - many thanks.
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