chris1200
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Post by chris1200 on Aug 3, 2020 16:50:47 GMT
Meanwhile £0.9m sits in A/P/M at the standard going rate, asking to be lent. Perhaps you will let us feast on this bounty tomorrow, RateSetter ? ( adrian77 , I'm beginning to sound like you ) Well interestingly they must still be sitting on whatever you think is available as the Volume Lent inc yesterday is 0.45M so if i am correct there was only 0.75M in total supplied from both... This actually includes yesterdays volume lent too! This makes sense as it looked like roughly £0.4m was matched in the A/P/M market today. So that was likely all new lending, then. I'm not sure what you mean by "whatever you think is available", though. It's not so much what I think as what is sitting right there for us all to see: Attachments:
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robski
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Post by robski on Aug 3, 2020 17:05:57 GMT
Well interestingly they must still be sitting on whatever you think is available as the Volume Lent inc yesterday is 0.45M so if i am correct there was only 0.75M in total supplied from both... This actually includes yesterdays volume lent too! This makes sense as it looked like roughly £0.4m was matched in the A/P/M market today. So that was likely all new lending, then. I'm not sure what you mean by "whatever you think is available", though. It's not so much what I think as what is sitting right there for us all to see: Im not convinced they will process that APM money as I suspect they dont want rates to rise which they could if they released it, ie new lending may need more over a week than they expect to be incoming
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chris1200
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Post by chris1200 on Aug 3, 2020 17:10:50 GMT
Im not convinced they will process that APM money as I suspect they dont want rates to rise which they could if they released it, ie new lending may need more over a week than they expect to be incoming Agreed - I'm sure they want to keep a buffer rather than dishing it out to RYI requests straight away. It does slightly make a mockery of the 'we are continuing to deliver as many requests as possible every day' line, though. I mean, just give us a little of it?!
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adrian77
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Post by adrian77 on Aug 3, 2020 17:43:21 GMT
disappointing - I think this is an all-time daily low? As per other threads I am not the only one who wonders if RS are actually doing any releasing but just returning money from expired contracts given that a lot of us have simply banged up the re-investment rate,
Maybe their PR spin department are playing games yet again (sorry RS but we aren't stupid) and tomorrow they will release a large chunk of this £900K and state "panic over due to the Metro Bank purchase" - just a theory! Afterwards I still expect our loan "release" to be very slow but happy to be proven wrong
I took screens dumps today of the Statsitics page - be interesting to compare it with August's which I expect any day now...
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aju
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Post by aju on Aug 3, 2020 18:38:47 GMT
Well interestingly they must still be sitting on whatever you think is available as the Volume Lent inc yesterday is 0.45M so if i am correct there was only 0.75M in total supplied from both... This actually includes yesterdays volume lent too! This makes sense as it looked like roughly £0.4m was matched in the A/P/M market today. So that was likely all new lending, then. I'm not sure what you mean by "whatever you think is available", though. It's not so much what I think as what is sitting right there for us all to see: "What ever you think is available" means the snapshot you showed is not the full story. Earlier someone suggested that up 6% was being matched but I'm not sure how they knew that unless they received it at that time. I'm pretty certain though that anyone who wanted it could set their rates at above those shown on your picture - in fact i'd advise it if one was re-lending in anger just to try and mitigate the 50% cut if possible - there's always an opportunity after a few days or say - mostly at weekends or the end of the month etc (this may have changed as I haven't been looking for quite a while now) . I haven't actually lent in anger i.e. at more sensible rates than 10%/8% for quite a while now but I do know that it wasn't that difficult to get better rates than those on your picture you are using. I guess I just see things from a different angle to yourself and others doesn't make any of you wrong just not my view. Edit: Just remembered that whilst i didn't record them it did look like lending volume was particularly low yesterday when I had a quint around 5pm in the region of <40k I recall but of course there was another 24 hours before I took the readings today.
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iRobot
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Post by iRobot on Aug 3, 2020 18:53:51 GMT
disappointing - I think this is an all-time daily low? You mean lower than the last time you thought £0.3m was a new daily low? I think £0.3m is a new daily low? Equal with four previous stated daily amounts of £0.3m With rounding, you may be correct (but statistically unlikely). I took screens dumps today of the Statsitics page - be interesting to compare it with August's which I expect any day now... Ahh.... you might find yourself in a bit of a wait. RS announced on the 29th that " Today we have completed the usual monthly update of data on the statistics page" and from that page: " This page is updated in the last week of each month with data correct as of the start of that month. Latest update: July 2020."
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chris1200
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Post by chris1200 on Aug 3, 2020 18:59:23 GMT
"What ever you think is available" means the snapshot you showed is not the full story. Earlier someone suggested that up 6% was being matched but I'm not sure how they knew that unless they received it at that time. I'm pretty certain though that anyone who wanted it could set their rates at above those shown on your picture - in fact i'd advise it if one was re-lending in anger just to try and mitigate the 50% cut if possible - there's always an opportunity after a few days or say - mostly at weekends or the end of the month etc (this may have changed as I haven't been looking for quite a while now) . I haven't actually lent in anger i.e. at more sensible rates than 10%/8% for quite a while now but I do know that it wasn't that difficult to get better rates than those on your picture you are using. I guess I just see things from a different angle to yourself and others doesn't make any of you wrong just not my view. So... you're basically just saying the figure of available cash could be even higher than £0.9m? Doesn't this only add to my point? Besides, this time I made sure to say: Meanwhile £0.9m sits in A/P/M at the standard going rate, asking to be lent so your suggestion that the figure is actually higher doesn't make sense as you're talking about higher rates. Again, I'm just not quite sure what the point of these responses to my posts are (Incidentally, the reason that I use this rate is because it's what the all the people with auto re-investment at going rate lend at. This is the vast majority of new daily money available. If you count higher than this, you'll probably end up double-counting quite a bit across days because a lot/most of it isn't matched, rather than having a daily figure.)
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beagle
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Post by beagle on Aug 3, 2020 19:11:15 GMT
it will be cancelled sell outs in front just bumping you forwards Yup, I think we're all aware of this by now, thanks beagle! lol i know i know
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Post by Badly Drawn Stickman on Aug 3, 2020 19:14:19 GMT
disappointing - I think this is an all-time daily low? You mean lower than the last time you thought £0.3m was a new daily low? Equal with four previous stated daily amounts of £0.3m With rounding, you may be correct (but statistically unlikely). I took screens dumps today of the Statsitics page - be interesting to compare it with August's which I expect any day now... Ahh.... you might find yourself in a bit of a wait. RS announced on the 29th that " Today we have completed the usual monthly update of data on the statistics page" and from that page: " This page is updated in the last week of each month with data correct as of the start of that month. Latest update: July 2020." It would be correct to say that it is a new highest number of new daily lows, and clearly the first time (apart from the last one) that we have had a new lowest and new highest on the same day.
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chris1200
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Post by chris1200 on Aug 3, 2020 19:39:32 GMT
One of my contracts has just been repaid nine months early, so hopefully more borrowers will do the same. [Pasted from the Metro Bank thread] stevepn - did this literally just happen, and was it quite a large amount? Because £400k just arrived on A/P/M at the standard going rate. Woop woop.
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Post by stevepn on Aug 3, 2020 19:51:24 GMT
One of my contracts has just been repaid nine months early, so hopefully more borrowers will do the same. [Pasted from the Metro Bank thread] stevepn - did this literally just happen, and was it quite a large amount? Because £400k just arrived on A/P/M at the standard going rate. Woop woop. I went on RS this morning and nothing on but when I got home about 8:00pm I went on RS again and the contract was ready to be released again so I withdrew it and took he money. Only £12 but better in my pocket than theirs.
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chris1200
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Post by chris1200 on Aug 3, 2020 19:53:05 GMT
[Pasted from the Metro Bank thread] stevepn - did this literally just happen, and was it quite a large amount? Because £400k just arrived on A/P/M at the standard going rate. Woop woop. I went on RS this morning and nothing on but when I got home about 8:00pm I went on RS again and the contract was ready to be released again so I withdrew it and took he money. Only £12 but better in my pocket than theirs. Thanks! I guess you wouldn’t have known the total amount of the loan unless you’d looked. Regardless, something big has been repaid with heavy re-investment, so this is good!
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Greenwood2
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Post by Greenwood2 on Aug 3, 2020 20:15:25 GMT
Am I correct in thinking that lenders with RYI requests pending could also be in the lending queue, assuming as has been suggested on this forum many lenders do not know how to get out of the continuous lending loop without RYI'ing. That could explain odd behaviour in the lending queue as random lending requests get RYI'd when they reach the front of the RYI queue. Makes it all a bit convoluted!
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beagle
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Post by beagle on Aug 3, 2020 20:23:25 GMT
Am I correct in thinking that lenders with RYI requests pending could also be in the lending queue, assuming as has been suggested on this forum many lenders do not know how to get out of the continuous lending loop without RYI'ing. That could explain odd behaviour in the lending queue as random lending requests get RYI'd when they reach the front of the RYI queue. Makes it all a bit convoluted! yes, correct
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chris1200
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Post by chris1200 on Aug 3, 2020 20:32:17 GMT
Am I correct in thinking that lenders with RYI requests pending could also be in the lending queue, assuming as has been suggested on this forum many lenders do not know how to get out of the continuous lending loop without RYI'ing. That could explain odd behaviour in the lending queue as random lending requests get RYI'd when they reach the front of the RYI queue. Makes it all a bit convoluted! What is the ‘odd behaviour’ you’re talking about, though? (Especially given the slow movement in the A/P/M queue at the moment, this isn’t likely to be happening especially often right now in any event)
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