pikestaff
Member of DD Central
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Post by pikestaff on Jun 23, 2014 7:00:35 GMT
Is it possible to tell if anyone's buying 70? I hope they are not.
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Post by whitmanthecat on Jun 23, 2014 9:45:08 GMT
Is it possible to tell if anyone's buying 70? I hope they are not. Pretty sure nobody is. I admit to putting mine on the aftermarket with a (admittedly trivial) discount so that for anyone actually buying, my units would be at the front of the queue. I had been undercut soon afterwards, yet all those units are still showing as available. There are some slightly bigger discounts now, but I can't see anyone biting. Not even for the grand 5% off a £20 unit. I did originally list without a discount, though fortunately paid enough attention as to roughly where they were in the queue. Otherwise, given how many more units were listed since, they have been complete needles in the haystack to find them to buy back then resell at a discount.
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Post by Ton ⓉⓞⓃ on Jun 23, 2014 10:26:53 GMT
Is it possible to tell if anyone's buying 70? I hope they are not. Pretty sure nobody is. I admit to putting mine on the aftermarket with a (admittedly trivial) discount so that for anyone actually buying, my units would be at the front of the queue. I had been undercut soon afterwards, yet all those units are still showing as available. There are some slightly bigger discounts now, but I can't see anyone biting. Not even for the grand 5% off a £20 unit. I did originally list without a discount, though fortunately paid enough attention as to roughly where they were in the queue. Otherwise, given how many more units were listed since, they have been complete needles in the haystack to find them to buy back then resell at a discount. It's wise to have some caution in buying back your own stock as someone was saying that they tried to do this and somehow ended up with twice as much stock as when they started as they infact seem to have bought someone elses and not their own. It's best atleast to try and use AI in the first instance. Then try buying them back if you have to. Any issues that come up might be because of using both systems. Using a discount doesn't necessarily put you at the head of the buy queue as I'm sure you've notice. The AI system has several things to balance Best Price for buyer meeting your total requirement (ie £1500 or whatever) who has most in the queue who's longest in the queue being fair to buyer/seller This is my vague understanding & I may be wrong. For buyers it seems best to trawl thru the 20 odd pages or whatever, if you have the time, and pick the best value (if there is any value left in the item)
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Post by whitmanthecat on Jun 23, 2014 11:19:19 GMT
I did read your sticky thread first about marking down units. It wasn't clear whether AI would work, though it didn't buy my own units back. Fortunately I didn't buy that much of this to start with. By manually buying back one or two units at a time, I made sure they were my own units being bought. For loan purchases done manually, as opposed to AI, I did originally think cheapest units are bought first. For example, there is a £100 unit marked down by 11% right at the end of the list. If you manually choose to buy £100, that is the unit that gets picked. However, if I were to choose £200, then other units are picked and not the cheapest. So I think you're right about there being some balance going on, even for manual buying. I'm not increasing my AI to test that method though  |
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oldgrumpy
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Post by oldgrumpy on Jun 23, 2014 11:27:32 GMT
Maybe that facility has not been implemented because underwriters trying to sell £100Ks of units would not be too pleased by minuscule undercutting of their price causing their sales to take second place. They can't prevent manual searching for available bargains though. Free yellow fruit available with my finest available units, just let me know and I'll furnish you with the going banana rate.
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Post by Ton ⓉⓞⓃ on Jun 23, 2014 11:30:49 GMT
Can you search the units listed by markdown? It might be helpful to be able to do that. Not that I plan to buy any FF but for those who might be more risk-seeking than me! The simple answer is no. It has been asked for though. Units on the AM seem to be listed in the same order they're put up for sale. First first and Last last. Though I've noticed that the unit which is £33.33 on the first page seems to bounce around from near the top of the page to the middle, but the £60 units which is on the same page seems to stay in roughly the same position.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Jul 4, 2014 8:06:56 GMT
Some ridiculously high activity on AM this morning?! Managed to pick units in the likes of Sth Manc, Le**s & a couple others I was low on. I wonder if it's underwriters selling to fulfill their obligations on other loans?
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unmadem
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Post by unmadem on Jul 4, 2014 10:50:16 GMT
still lots of S Manc and L**ds C*mm*rc**l available.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Jul 4, 2014 14:12:54 GMT
Some ridiculously high activity on AM this morning?! Managed to pick units in the likes of Sth Manc, Le**s & a couple others I was low on. I wonder if it's underwriters selling to fulfill their obligations on other loans? Having had a look at what is currently available on the AM I noticed that many of the loans available appear to be behind with their payments - some only a few days others more than a month. Could be some fault in updating the records or it could be something to worry about but more importantly it could indicate why they are on the AM.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jul 4, 2014 14:41:53 GMT
Some ridiculously high activity on AM this morning?! Managed to pick units in the likes of Sth Manc, Le**s & a couple others I was low on. I wonder if it's underwriters selling to fulfill their obligations on other loans? Having had a look at what is currently available on the AM I noticed that many of the loans available appear to be behind with their payments - some only a few days others more than a month. Could be some fault in updating the records or it could be something to worry about but more importantly it could indicate why they are on the AM. which loans are late? They have all paid on time or are not due yet!
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Jul 4, 2014 14:45:45 GMT
Having had a look at what is currently available on the AM I noticed that many of the loans available appear to be behind with their payments - some only a few days others more than a month. Could be some fault in updating the records or it could be something to worry about but more importantly it could indicate why they are on the AM. which loans are late? They have all paid on time or are not due yet! There's another thread on the private board on this subject - merlin has momentarily entered a time warp, or is wishing his life away
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Jul 4, 2014 14:47:54 GMT
merlin which loans are late? They have all paid on time or are not due yet! There's another thread on the private board on this subject - merlin has momentarily entered a time warp, or is wishing his life away I bet there's Arthurian magic at play here
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Post by chris on Jul 4, 2014 14:55:17 GMT
Having had a look at what is currently available on the AM I noticed that many of the loans available appear to be behind with their payments - some only a few days others more than a month. Could be some fault in updating the records or it could be something to worry about but more importantly it could indicate why they are on the AM. which loans are late? They have all paid on time or are not due yet! Indeed, as coded if a loan is late it can't be listed for sale. We're reviewing this with much internal debate but that's how it currently stands.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Jul 4, 2014 15:02:08 GMT
merlin which loans are late? They have all paid on time or are not due yet! Indeed, as coded if a loan is late it can't be listed for sale. We're reviewing this with much internal debate but that's how it currently stands. Then you have a problem with updating your records. Let me give you an example. Go to the Completed Loans listed on the AM. Look at auction No 67. Look at the documentation and the payment record and you will see there is no record of payment for July!
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Post by chris on Jul 4, 2014 15:03:51 GMT
Indeed, as coded if a loan is late it can't be listed for sale. We're reviewing this with much internal debate but that's how it currently stands. Then you have a problem with updating your records. Let me give you an example. Go to the Completed Loans listed on the AM. Look at auction No 67. Look at the documentation and the payment record and you will see there is no record of payment for July! The repayment schedule for auction 67 is up to date. Last payment was 14th June, next is 14th July which is in ten days time.
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