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Post by ladywhitenap on Feb 5, 2021 14:06:11 GMT
90% gone in about 5 minutes!
LW
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Post by Ace on Feb 5, 2021 14:22:58 GMT
90% gone in about 5 minutes! LW All gone now.
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criston
Member of DD Central
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Post by criston on Feb 5, 2021 14:23:45 GMT
Eat your heart out, Proplend.
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blender
Member of DD Central
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Post by blender on Feb 5, 2021 14:49:28 GMT
Oh! I was thinking about putting some cash in this from my standard account, for a few months' interest, and came with card at the ready about 14:40 expecting it would take a few hours, like the last one. It said 'We are working on ... ' and I thought they had not listed it yet and I will go to the forum and see the adverse comments about the delay. Remember the first tranche? Ages.
Silly me. At least my holdings in the other tranches will retain their value. Well done Ablrate - and lenders.
Now, about that pipeline of virgin borrowers.
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Post by Badly Drawn Stickman on Feb 5, 2021 21:13:17 GMT
Oh! I was thinking about putting some cash in this from my standard account, for a few months' interest, and came with card at the ready about 14:40 expecting it would take a few hours, like the last one. It said 'We are working on ... ' and I thought they had not listed it yet and I will go to the forum and see the adverse comments about the delay. Remember the first tranche? Ages. Silly me. At least my holdings in the other tranches will retain their value. Well done Ablrate - and lenders. Now, about that pipeline of virgin borrowers. That's a poor excuse for making others add more money. I was busy watching ASMX initially, a bit of research. It was fairly obvious it would fly given the buoyancy of the market lately. I suspect coloured frog speaks with forked tongue......
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blender
Member of DD Central
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Post by blender on Feb 6, 2021 13:03:47 GMT
Oh! I was thinking about putting some cash in this from my standard account, for a few months' interest, and came with card at the ready about 14:40 expecting it would take a few hours, like the last one. It said 'We are working on ... ' and I thought they had not listed it yet and I will go to the forum and see the adverse comments about the delay. Remember the first tranche? Ages. Silly me. At least my holdings in the other tranches will retain their value. Well done Ablrate - and lenders. Now, about that pipeline of virgin borrowers. That's a poor excuse for making others add more money. I was busy watching ASMX initially, a bit of research. It was fairly obvious it would fly given the buoyancy of the market lately. I suspect coloured frog speaks with forked tongue...... That's taking anthropomorphism too far. Deceit is a human quality. I missed out the fact that I was late because I forgot. Anyway, ASMX may indicate something about market sentiment, but says nothing about market depth. 151 took much longer than 150. Last tranche coming up - 155? If so they will not want to hang about.
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ptr120
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Post by ptr120 on Feb 7, 2021 7:17:33 GMT
A shame ablrate didn't put bid limits in place even for the first few hours. As someone here said, it was clear that this would fly off the shelves.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Feb 7, 2021 10:10:28 GMT
Bid limits from a platform perspective may be a bad thing, After all there main objective is to raise funds, without a limit people may take a bigger bite, planing to releasing the excess through sm market later. (if it don't sell platform still wins. Limit may put off lenders who wish to invest larger than limit. platform may loose investment ££ not filling loans. An Abundance of ££ really quite a good (platform wise)problem to have. Ps I know Abl have explained there pipeline / date scheduled issues, but a little bit more "suggestion of a vague loan may be trundling down the pipe" would be good for lenders to ready there ££, maybe even turn up promptly. and yes i forgot just like blender
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Post by ladywhitenap on Feb 7, 2021 10:39:42 GMT
After missing out on a loan a while back, I now set my phone to give me a reminder at 13.55 on loan day, earlier if I might need to study the documents.
One can't always rely on staff in these difficult times!
LW
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criston
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Post by criston on Feb 7, 2021 13:09:38 GMT
£5k bid on 152 at 100.7%
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Post by df on Feb 7, 2021 18:08:29 GMT
After missing out on a loan a while back, I now set my phone to give me a reminder at 13.55 on loan day, earlier if I might need to study the documents. One can't always rely on staff in these difficult times! LW I've set mine at 13:59, didn't leave any time for "study"
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Post by df on Feb 7, 2021 18:22:15 GMT
Bid limits from a platform perspective may be a bad thing, After all there main objective is to raise funds, without a limit people may take a bigger bite, planing to releasing the excess through sm market later. (if it don't sell platform still wins. Limit may put off lenders who wish to invest larger than limit. platform may loose investment ££ not filling loans. An Abundance of ££ really quite a good (platform wise)problem to have. Ps I know Abl have explained there pipeline / date scheduled issues, but a little bit more "suggestion of a vague loan may be trundling down the pipe" would be good for lenders to ready there ££, maybe even turn up promptly. and yes i forgot just like blender There used to be bid limits on Abl for some popular loans. As far as I can remember many investors demanded it as not everyone can attend at the launch. But you can't please everyone, so BH's were grumpy about this. At some point the loans stopped flying off the shelf and bid limits disappeared.
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Feb 8, 2021 20:13:58 GMT
The first payment on 151 is now late - not ideal, especially if they reliant on the drawdown of 154 to be able to meet payments ?
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Post by df on Feb 9, 2021 16:39:37 GMT
The first payment on 151 is now late - not ideal, especially if they reliant on the drawdown of 154 to be able to meet payments ? Looks like this is what happened, unless it's a coincidence. Not a good sign. I recall Lendy were raising funds for new tranches in order to pay monthly interest on existing loans.
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Post by eascogo on Feb 9, 2021 17:08:25 GMT
The first payment on 151 is now late - not ideal, especially if they reliant on the drawdown of 154 to be able to meet payments ? Looks like this is what happened, unless it's a coincidence. Not a good sign. I recall Lendy were raising funds for new tranches in order to pay monthly interest on existing loans. First payment now made and loan unpaused. As mentioned with my post of yesterday I have just put my lot for sale.
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