lobster
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Post by lobster on Jul 18, 2016 10:54:13 GMT
15.2k just been sweeped by one investor  Blimey !! Well there's an investor who has great faith in the PF.
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mikes1531
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Post by mikes1531 on Jul 18, 2016 13:24:51 GMT
15.2k just been sweeped by one investor Blimey !! Well there's an investor who has great faith in the PF. Or perhaps just someone with a fat finger? Looking at the Investor Activity tab now -- and I presume that's how jmr concluded someone had made the purchase mentioned -- there's no sign of any activity since 15/Jul, which suggests that SS cancelled the transaction. Which brings up an interesting question... The purchase would have made the investors in the front of the selling queue very happy since they would have put their parts up for sale about a month and a half ago. Did SS reverse those sale transactions as well? Or has this 'rogue' investor just succeeded in transferring £15k of PBL020 from retail investors trying to sell... into SS's hands?
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jmr
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Post by jmr on Jul 18, 2016 13:55:17 GMT
Blimey !! Well there's an investor who has great faith in the PF. Or perhaps just someone with a fat finger? Looking at the Investor Activity tab now -- and I presume that's how jmr concluded someone had made the purchase mentioned -- there's no sign of any activity since 15/Jul, which suggests that SS cancelled the transaction. Which brings up an interesting question... The purchase would have made the investors in the front of the selling queue very happy since they would have put their parts up for sale about a month and a half ago. Did SS reverse those sale transactions as well? Or has this 'rogue' investor just succeeded in transferring £15k of PBL020 from retail investors trying to sell... into SS's hands? Well I noticed as there was 8k ahead of my loanpart in the selling queue last night and this morning I noticed that I had no "selling loanparts" and saw the 15.2k invested this morning. As you've said, the transaction must have been cancelled, however I don't hold a stake in this loan even after the cancelled transaction suggesting the last comment of your post may be true.
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jmr
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Post by jmr on Jul 18, 2016 14:06:21 GMT
So, jmr , can you account for your whereabouts between last night and this morning?  Very heavy night, Ill leave it there. 
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Post by GSV3MIaC on Jul 18, 2016 14:43:14 GMT
The amount for sale dipped, and then went back up to roughly where it had been, so I guess the parts came back to the market with SS as the new owner/vendor. Be interesting if someone wants to list £0.01 and see if the queue is smaller than the for sale amount.
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n
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Yet another Nick
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Post by n on Jul 18, 2016 14:45:23 GMT
The amount for sale dipped, and then went back up to roughly where it had been, so I guess the parts came back to the market with SS as the new owner/vendor. Be interesting if someone wants to list £0.01 and see if the queue is smaller than the for sale amount. Sale queue is now £87,927.26 with £119,841 on the market so £31,913.74 from SS/underwriters Sorry, no idea what the situation was yesterday.
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goopy
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Post by goopy on Jul 18, 2016 15:02:55 GMT
The amount for sale dipped, and then went back up to roughly where it had been, so I guess the parts came back to the market with SS as the new owner/vendor. Be interesting if someone wants to list £0.01 and see if the queue is smaller than the for sale amount. Sale queue is now £87,927.26 with £119,841 on the market so £31,913.74 from SS/underwriters Sorry, no idea what the situation was yesterday. It was around 15k yesterday so it looks like SS have taken the hit...
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n
Member of DD Central
Yet another Nick
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Post by n on Jul 18, 2016 15:09:08 GMT
Sale queue is now £87,927.26 with £119,841 on the market so £31,913.74 from SS/underwriters Sorry, no idea what the situation was yesterday. It was around 15k yesterday so it looks like SS have taken the hit... So if 9 people buy £10,000 each then refuse to pay for it the queue could be all transferred to SS  I don't think I will risk it!
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Post by buttchopf23 on Jul 18, 2016 16:20:23 GMT
I did'nt know that, this is really risky for Saving Stream, but on the other side, keeps their Skin in the game  |
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Post by GSV3MIaC on Jul 18, 2016 16:29:05 GMT
Since they appear to own some of the borrower, they already have skin, and bones, in the game.
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Liz
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Post by Liz on Jul 18, 2016 16:55:14 GMT
It was around 15k yesterday so it looks like SS have taken the hit... So if 9 people buy £10,000 each then refuse to pay for it the queue could be all transferred to SS I don't think I will risk it! I have said this before, but this situation isn't sustainable. SS can't keep taking on the liability, which could risk the site, as people "accidentally" buy the loan part/refuse to pay for it.
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webwiz
Posts: 1,133
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Post by webwiz on Jul 19, 2016 7:46:24 GMT
I did'nt know that, this is really risky for Saving Stream, but on the other side, keeps their Skin in the game The main value of skin is in selecting good loans. Once a loan has defaulted there is little value to us. They legally have to maximise recovery anyway.
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webwiz
Posts: 1,133
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Post by webwiz on Jul 19, 2016 8:48:18 GMT
It was around 15k yesterday so it looks like SS have taken the hit... So if 9 people buy £10,000 each then refuse to pay for it the queue could be all transferred to SS I don't think I will risk it! No need for you to risk it. The holders of parts in the queue can open another account and do it.
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ben
Posts: 2,020
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Post by ben on Jul 19, 2016 8:55:02 GMT
So if 9 people buy £10,000 each then refuse to pay for it the queue could be all transferred to SS I don't think I will risk it! No need for you to risk it. The holders of parts in the queue can open another account and do it. Wonder what SS would do if someone did do that, although I quite suprised that the provison fund did not take over the whole loan to save on interest payments.
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Jeepers
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Post by Jeepers on Jul 19, 2016 8:59:59 GMT
Maybe the PF won't cover interest anyway.
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