GeorgeT
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Post by GeorgeT on Feb 17, 2017 17:23:18 GMT
Exciting and interesting times.
Latest update -
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ben
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Post by ben on Feb 17, 2017 17:40:51 GMT
that is good it will be interesting to see how much it is for and how SS make up any shortfall.
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pom
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Post by pom on Feb 17, 2017 18:49:15 GMT
Very glad I don't have any loans I urgently want rid of right now...
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homes119
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Post by homes119 on Feb 17, 2017 22:04:24 GMT
How come SS didn't mention the price in the update? Sure they must know. I'm not familiar with the process but is it possible that SS not know the price as soon as offer has been agreed?
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Jeepers
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Post by Jeepers on Feb 17, 2017 22:20:29 GMT
How come SS didn't mention the price in the update? Sure they must know. I'm not familiar with the process but is it possible that SS not know the price as soon as offer has been agreed? It's clear that the sale price will be less than the loan amount and they do t want a flurry of questions re a PF payout. Before deciding what the PF will cover (interest?) they will have to check what's on TV and the phase of the moon 😆
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ben
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Post by ben on Feb 17, 2017 22:27:51 GMT
Hopefully it be enough to nearly cover capital but I doubt it.
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homes119
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Post by homes119 on Feb 17, 2017 22:31:54 GMT
Ha!
And here I was, naively, thinking that all the different scenarios had already been analysed and a decision (per scenario) already made.
Simply delaying the inevitable, I wonder whether SS succeeded in delaying flurry of questions or simply increased number of questions heading their way:P
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2017 22:34:44 GMT
Hopefully it be enough to nearly cover capital but I doubt it. I'm afraid not The last advertised price was £1.5m, and SS noted that offers where being received between £1.2m and £1.5m. A long way short of the £1.7m loan...
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Jeepers
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Post by Jeepers on Feb 17, 2017 22:35:38 GMT
Although under the old terms, what happens here sets a precedent for future defaults and IMHO determines the future of SS which relies on investor confidence.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2017 22:37:19 GMT
Ha! And here I was, naively, thinking that all the different scenarios had already been analysed and a decision (per scenario) already made. Simply delaying the inevitable, I wonder whether SS succeeded in delaying flurry of questions or simply increased number of questions heading their way:P We're on page 57... I'm sure all the observations and questions have been made. The best thing we can do now is to wait for the news I wonder how they will repay a % of my 1p...  The largest discontent I have with this loan is that the loan transpired to be 100% LTPV ...
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homes119
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Post by homes119 on Feb 17, 2017 22:45:25 GMT
Ha! And here I was, naively, thinking that all the different scenarios had already been analysed and a decision (per scenario) already made. Simply delaying the inevitable, I wonder whether SS succeeded in delaying flurry of questions or simply increased number of questions heading their way:P We're on page 57... I'm sure all the observations and questions have been made. The best thing we can do now is to wait for the news I wonder how they will repay a % of my 1p... The largest discontent I have with this loan is that the loan transpired to be 100% LTPV ... Sorry, wasn't clear, meant to quote Jeepers on his reply to my post. I meant scenario analysis by SS. As in already have an answer ready of how they will treat this so that they don't have to buy time to figure out what they will do before announcing the price Haha please do keep us updated. Hopefully they round up 
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ablender
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Post by ablender on Feb 17, 2017 22:57:17 GMT
How come SS didn't mention the price in the update? Sure they must know. I'm not familiar with the process but is it possible that SS not know the price as soon as offer has been agreed? It's clear that the sale price will be less than the loan amount and they do t want a flurry of questions re a PF payout. Before deciding what the PF will cover (interest?) they will have to check what's on TV and the phase of the moon 😆 I do not think that TV and phase of the moon are important factors. However they might need to check with Mr D. Trump.
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Jeepers
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Post by Jeepers on Feb 18, 2017 7:32:31 GMT
It's clear that the sale price will be less than the loan amount and they do t want a flurry of questions re a PF payout. Before deciding what the PF will cover (interest?) they will have to check what's on TV and the phase of the moon 😆 I do not think that TV and phase of the moon are important factors. However they might need to check with Mr D. Trump. Really? According to them, these are important factors when deciding when to launch a loan. Can't find the post now but we haven't forgot savingstream.
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ablender
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Post by ablender on Feb 18, 2017 7:54:49 GMT
I do not think that TV and phase of the moon are important factors. However they might need to check with Mr D. Trump. Really? According to them, these are important factors when deciding when to launch a loan. Can't find the post now but we haven't forgot savingstream. Yes I remember it - but I also note the light tone that these words were included in.
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Post by jackpease on Feb 18, 2017 7:55:08 GMT
Although under the old terms, what happens here sets a precedent for future defaults and IMHO determines the future of SS which relies on investor confidence. Is it a 'good' thing that SS has no defaults (****in edit - that have led to investor losses*****? Is that not feeding the frenzy that sucks people in thinking this is a safe high interest instant access account? If investor confidence is based on zero defaults then investors are being naive/misled. Surely with so many negative loans coming to a head investors could and should take a modest haircut - SS cannot and should not perpetuate what is ineviitable on any mature platform - defaults (and losses)! Jack P
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