mikeb
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Post by mikeb on May 18, 2014 18:42:30 GMT
With a bit of minor tweaking it fits to 'Since you've been gone'. Vaguely appropriate... W-A-Yankovic, Kelly Clarkson or Rainbow or (almost) Cars?  No, none of the above. More obscure! www.youtube.com/watch?v=ynXt2oVabCs
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spockie
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Post by spockie on May 19, 2014 15:20:39 GMT
With a bit of minor tweaking it fits to 'Since you've been gone'. Vaguely appropriate... W-A-Yankovic, Kelly Clarkson or Rainbow or (almost) Cars? No, none of the above. More obscure! www.youtube.com/watch?v=ynXt2oVabCsNope. Wouldn't have got that in a million years!
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Vero
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Post by Vero on May 19, 2014 18:57:37 GMT
The AM is suddenly looking healthy - shadow bids called in?
At the moment there is £113k on Yorkie, £108k Eppy, £102k Ippy, £44k Furniman, £12k Wrex, £4k Cumbria
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Post by bracknellboy on May 19, 2014 20:21:09 GMT
The AM is suddenly looking healthy - shadow bids called in?
At the moment there is £113k on Yorkie, £108k Eppy, £102k Ippy, £44k Furniman, £12k Wrex, £4k Cumbria Sadly, got it, got it, got it, don't want it, got it got it. Furniman sounds like it should be adjacent to/located in Cumbria. "Stay with us in Furniman, situated in the heart of picturesque Cumbria".
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j
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Penguins are very misunderstood!
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Post by j on May 19, 2014 21:30:55 GMT
Some Mancunian units on AM
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j
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Penguins are very misunderstood!
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Post by j on May 21, 2014 10:18:06 GMT
Some Angle***y units on AM
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Post by Ton ⓉⓞⓃ on May 21, 2014 10:27:39 GMT
Some Angle***y units on AM With just one month to go my appetite has almost all gone. j how goes the interest accrues on your loans, none or few of mine or mikeb's have increased?
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on May 21, 2014 10:42:22 GMT
Some Angle***y units on AM With just one month to go my appetite has almost all gone. j how goes the interest accrues on your loans, none or few of mine or mikeb's have increased? You can add a sizable chunk of Bol**n to that now! Re; interest, truth be told, I've not had a proper look last couple of days with being busy with other things. Having read the other thread though, I'll have a gander & report back
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Post by Ton ⓉⓞⓃ on May 21, 2014 15:51:53 GMT
Quite a lot of both Ang***ey and Bo*t*n starting to stack up. Interesting to see how long it takes to clear these short-dated loans. I thought the 19.6k South Manc might be yours but I guess not...
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Post by Ton ⓉⓞⓃ on May 21, 2014 16:28:17 GMT
34minutes later all the South Manc's been eaten!
18.5k Bolton is just sitting on the plate looking silly
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j
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Penguins are very misunderstood!
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Post by j on May 22, 2014 0:01:14 GMT
i can't understand why people are selling units rather than holding to maturity in loans over the last couple of days. I doubt it's to settle shadwo bids as there's hardly been any activity, live loan wise, over the last few days, and certainly not in the level or rate units have been put up for sale in the last 48 hours?!
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Post by whitmanthecat on May 22, 2014 9:31:10 GMT
I personally did put some units of my Anglesey units up on Tuesday, but that was to settle the Coventry shadow bid. Most were sold very quickly, with the last couple taking a bit longer because of how many more went on the aftermarket. I can understand why others do sell now. The big one is default risk. We have no idea whether the final bullet payments can be made or not by the borrower. As per my other thread, if the payment is late, for most loans it's not clear what lenders actually get. If repayments cannot be made at all, there is a more serious problem. The loan interest rates are what they are to compensate for default risk, but is is possible to hold units for just long enough, benefit from the high rate (with minimal risk if interest payments have been held back by AC at outset), then sell off the highest risk bit at the end. There is also reinvestment risk. Those current loans might be generating 1% per month now, but very soon on maturity effectively turn into cash earning nothing. There may be other investment opportunities, which some lenders may want to get into now. Not much on AC though! Upon actual maturity, there will be a lot of cash sloshing around in AC lender accounts wanting to find a home, perhaps meaning even more chasing for AM units. While this might seem like taking advantage, it is a free system and no-one is being forced to buy those units. Some must want them, otherwise they wouldn't have been bought up. I don't think any have been offered for a discount yet, but there's no need if they can be bought without. If there is a penalty interest rate on late payment given to lenders, then for willing to take those risks, the return on buying these short dated units could be quite attractive. |
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on May 22, 2014 10:03:29 GMT
I personally did put some units of my Anglesey units up on Tuesday, but that was to settle the Coventry shadow bid. Most were sold very quickly, with the last couple taking a bit longer because of how many more went on the aftermarket. I can understand why others do sell now. The big one is default risk. We have no idea whether the final bullet payments can be made or not by the borrower. As per my other thread, if the payment is late, for most loans it's not clear what lenders actually get. If repayments cannot be made at all, there is a more serious problem. The loan interest rates are what they are to compensate for default risk, but is is possible to hold units for just long enough, benefit from the high rate (with minimal risk if interest payments have been held back by AC at outset), then sell off the highest risk bit at the end. There is also reinvestment risk. Those current loans might be generating 1% per month now, but very soon on maturity effectively turn into cash earning nothing. There may be other investment opportunities, which some lenders may want to get into now. Not much on AC though! Upon actual maturity, there will be a lot of cash sloshing around in AC lender accounts wanting to find a home, perhaps meaning even more chasing for AM units. While this might seem like taking advantage, it is a free system and no-one is being forced to buy those units. Some must want them, otherwise they wouldn't have been bought up. I don't think any have been offered for a discount yet, but there's no need if they can be bought without. If there is a penalty interest rate on late payment given to lenders, then for willing to take those risks, the return on buying these short dated units could be quite attractive. I believe on the whole there a higher rate/penalty payment if a loan defaults & interest would be accrued until a security/asset is sold & funds returned to lenders. Your points are all valid & I was tempted in the past to follow that pattern of selling say 1 month before maturity & re-invest in AM but eventually decided not to, unless I needed immediate funds. I think with big loans now on AC, despite the clear lack of anything recently, will ensure something is always available on AM to invest instantly once cash is paid back by another loan ending. YOu can run the risk in following this strategy constantly in that the AM will be over flooded by units in certain loans & yours will take some time being bought. Also, if you sell in a loan paying say 12-13% pa & buy in one paying 9-10%, you are still losing that difference, albeit on a 30-day or so basis, compared to a full 2-4% difference pa, all swings & roundabouts I suppose & it depends as you said on personal investment strategies.
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star dust
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Post by star dust on May 22, 2014 15:07:07 GMT
Like any fixed income credit-based investment what we are doing is picking up pennies in front of a steamroller. The key is not to pick up every penny, the key is not to get steamrollered. I think that favours selling before maturity if you can. Of course I might just be too risk averse ... Nice analogy - I don't want to get flattened either  .
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Post by Ton ⓉⓞⓃ on May 22, 2014 17:58:06 GMT
Like any fixed income credit-based investment what we are doing is picking up pennies in front of a steamroller. The key is not to pick up every penny, the key is not to get steamrollered. I think that favours selling before maturity if you can. Of course I might just be too risk averse ... Nice analogy - I don't want to get flattened either . Just as samford71 says the end of bridges and most loans is a completely different product to the beginning of the loan, so it need not mean sell everything the month before, just know that it's different. But until I gain more confidence with AC and the quality of their procedures during a loan, I'm selling down as the bullet, balloon, or exit payment etc comes along. Thanks to Z's question I've pick up a little South Manc.
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