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Post by Ace on Apr 30, 2021 21:14:02 GMT
I didn't watch the end of show, does anyone know what sum underwriters ended with? I think it was about £600k.
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nick
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Post by nick on May 1, 2021 7:19:55 GMT
I don't think the underwriters are obliged to sell, but if they do it must be at par. My guess is that at least 40k of the offer is from underwriters. I might be wrong, but I don't think this loan was good for flippers. I doubt it will ever sell at premium. I don't think the over hang at par will last for long. If the leisure resort ever repays, there will be about £1.9m looking for a home and I wouldn't be surprised to see this loan trading at a significant premium. More generally, across P2P there now seems to be more demand than supply. This imbalance is quite evident at ABL with the number of loans trading at premiums, even ones which look like basket cases. I just hope that the economy keep on track and doesn't derail later in the year when government support ends and the true state of the economy is revealed.
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blender
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Post by blender on May 1, 2021 7:29:43 GMT
The leisure resort has just missed the four-week window. It's not going to happen. Time to allow trading above par.
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Post by Badly Drawn Stickman on May 1, 2021 15:49:14 GMT
The leisure resort has just missed the four-week window. It's not going to happen. Time to allow trading above par. Looks like a case of identity theft here, the real blender would never confuse a real World time period with the Ablrate version of time. It would certainly be interesting if the restriction was removed, even if the current deal has evaporated chances are another would be sought. I'm content to hold and offer assistance to anybody wanting liquidity at par. Failing that I am sure unless the liquidity providers are moonlighting as underwriters (and currently a bit short of funds) they would step up to the plate. I suspect even using Ablrate time the weekly update video must be very close to being made in the next fortnight.
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blender
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Post by blender on May 1, 2021 22:46:17 GMT
In my defence, the four week period is a borrower-generated time period rather than an Ablrate estimate, which would of course be subject to the usual warnings. I am sure that Ablrate will be straight on to it and we will hear on Tuesday.
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criston
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Post by criston on May 28, 2021 13:48:26 GMT
Underwriters must have noted buyers in above 100% recently , so trying again with £40k for sale.
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GreenZero
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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 May 29, 2021 7:56:26 GMT
Looks like they've moved £5k on.
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blender
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Post by blender on Sept 30, 2021 11:22:05 GMT
Repayment made on the due date again. Just thought I would mention some good news.
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Post by Badly Drawn Stickman on Sept 30, 2021 11:39:52 GMT
Repayment made on the due date again. Just thought I would mention some good news. Given that interest was retained on this loan they did do very well.
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blender
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Post by blender on Sept 30, 2021 12:06:58 GMT
There's always one nitpicker! The first repayment was late.
'Just rejoice at that news'.
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Post by Badly Drawn Stickman on Sept 30, 2021 12:54:19 GMT
There's always one nitpicker! The first repayment was late. 'Just rejoice at that news'. I think another was delayed by an inconvenient weekend? I am suitably joyous. It is somewhat dampened by the certain knowledge that the other payment I should be receiving today now joins many other in being two payments behind and growing.
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blender
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Post by blender on Sept 30, 2021 15:10:30 GMT
There's always one nitpicker! The first repayment was late. 'Just rejoice at that news'. I think another was delayed by an inconvenient weekend? I am suitably joyous. It is somewhat dampened by the certain knowledge that the other payment I should be receiving today now joins many other in being two payments behind and growing. Now you've gone and spoiled my rejoicing. I also have 164 and it is coloured light blue - due today. However, it failed to make its first payment and its friend 165 has now failed to make its first payment. When just one loan fails to make its first payment there are questions to be asked of the platform. I am just going to rejoice that abl can still keep hold of retained interest and pay it back to us on the right loan and the right day (weekends and bank holidays excepted).
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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 Oct 31, 2021 13:05:27 GMT
I think another was delayed by an inconvenient weekend? I am suitably joyous. It is somewhat dampened by the certain knowledge that the other payment I should be receiving today now joins many other in being two payments behind and growing. Now you've gone and spoiled my rejoicing. I also have 164 and it is coloured light blue - due today. However, it failed to make its first payment and its friend 165 has now failed to make its first payment. When just one loan fails to make its first payment there are questions to be asked of the platform. I am just going to rejoice that abl can still keep hold of retained interest and pay it back to us on the right loan and the right day (weekends and bank holidays excepted). It seems payments can be made over the weekend....
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Post by Badly Drawn Stickman on Oct 31, 2021 15:27:01 GMT
Now you've gone and spoiled my rejoicing. I also have 164 and it is coloured light blue - due today. However, it failed to make its first payment and its friend 165 has now failed to make its first payment. When just one loan fails to make its first payment there are questions to be asked of the platform. I am just going to rejoice that abl can still keep hold of retained interest and pay it back to us on the right loan and the right day (weekends and bank holidays excepted). It seems payments can be made over the weekend.... Probably helped by already having the funds but yes certainly the benchmark going forward will be to expect payments at weekends (although 'at all' would be a big step up currently).
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Jaydee
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Post by Jaydee on Nov 1, 2021 10:35:36 GMT
Ah, the pleasure of getting retained interest. . Oh wait a minute isn't that my own money . So the borrower is making no payments at all The old Lendy trick. Lets pay the lenders their interest from their own funds and tell them how wonderful our loans are
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