SteveT
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Post by SteveT on Nov 18, 2015 16:34:13 GMT
A lot of 15844 offered at 4% discount on SM am I missing something ? Bought some anyway !
Seller is FC Property Finance sold/selling in excess of £30,000.
Why now? Why such a discount ? I bagged 2 but can't get it to let me buy any more. Fat finger problem is my guess
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pom
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Post by pom on Nov 18, 2015 16:34:44 GMT
A lot of 15844 offered at 4% discount on SM am I missing something ? Bought some anyway !
Seller is FC Property Finance sold/selling in excess of £30,000.
Why now? Why such a discount ? FC trying to ditch their excess I guess - seems rather unsporting them selling at such a high discount tho (thought they were supposed to be selling them off at par, and as we know they never change their policies  )
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oldgrumpy
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Post by oldgrumpy on Nov 18, 2015 16:35:36 GMT
Try buying one now! I went down as far as p18 and got the same message ...SOLD, hard luck.
Edit: YES!! Got one on p17 then one on p14 with random pokes ..... also about ten more "SOLD, hard luck" responses.
I've run out of repayments cash now.
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Post by betterthanworking on Nov 18, 2015 16:38:04 GMT
Yes, FC is the seller. Better than cash back!
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oldgrumpy
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Post by oldgrumpy on Nov 18, 2015 16:41:04 GMT
Undermining the lenders' secondary market?
Mmmmm!
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SteveT
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Post by SteveT on Nov 18, 2015 17:02:46 GMT
Got there in the end but took a lot of clicking! Madness.
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pa
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Post by pa on Nov 18, 2015 17:07:20 GMT
Looks like someone meant to sell at -0.4% to be at the top of the pile for that loan on the SM and put in -4% instead.
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TitoPuente
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Post by TitoPuente on Nov 18, 2015 17:09:15 GMT
They have been marked up to -2%
EDIT: It is probably a flip.
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am
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Post by am on Nov 18, 2015 17:17:32 GMT
Looks like someone meant to sell at -0.4% to be at the top of the pile for that loan on the SM and put in -4% instead. That would be an expensive mistake (3.6% of £30,000 is £1,080). Were they all sold, or did FC manage to withdraw some. There's now a few £100 chunks available at a 2% and 0.9% discounts. Flippers seeking a quick 2% profit?
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oldgrumpy
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Post by oldgrumpy on Nov 18, 2015 17:20:56 GMT
Looks like someone meant to sell at -0.4% to be at the top of the pile for that loan on the SM and put in -4% instead. That would not surprise me at all. Flippers would not have offered such an excessive discount. I don't believe Finest Coquup would deliberately have discounted so far.
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am
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Post by am on Nov 18, 2015 17:25:29 GMT
Will FC buy them back at 2% discount to reduce their losses?
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acky
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Post by acky on Nov 18, 2015 17:25:40 GMT
And there's more 15844 gone on at 2% discount in the last few minutes
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blender
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Post by blender on Nov 18, 2015 17:25:59 GMT
I suggest that anyone who bought the £100 chunks in the feeding frenzy checks that they received all those that they paid for. Not such a good deal after all, it seems, when FC sell some of their own parts twice.
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oldgrumpy
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Post by oldgrumpy on Nov 18, 2015 17:45:03 GMT
My two lumps are safely in my portolio and if I sell them at par I'll get £201.04 (apparently) less fees. As I only paid £193.04 I'll hold for a while.  |
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TitoPuente
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Post by TitoPuente on Nov 18, 2015 17:53:23 GMT
I also picked up a couple but fear the double selling glitch. Have never been on the buy-side on those daily "rare cases" so don't know how they decide which buyer gets to keep the part.
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