guff
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Post by guff on Feb 10, 2016 23:12:32 GMT
Well, that's worked rather well...   "Small ones are more juicy" is starting to look like a Fallacious Claim. |
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guff
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Post by guff on Feb 10, 2016 23:14:05 GMT
I wonder what's going on with 19858? £300k, 6mo, 10% A+, only tranche. Sold out in half an hour... on the 5th. And still sat there, waiting to draw down... 19hr-odd left until, presumably, it returns back to the lenders un-drawn-down. ... just in time to prop up WB6+?
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blender
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Post by blender on Feb 10, 2016 23:40:13 GMT
I wonder what's going on with 19858? £300k, 6mo, 10% A+, only tranche. Sold out in half an hour... on the 5th. And still sat there, waiting to draw down... 19hr-odd left until, presumably, it returns back to the lenders un-drawn-down. ... just in time to prop up WB6+? 19858 is A , not A+, and so not that valuable a prize at 10%. Let us hope it draws down tomorrow - if returned it will not be going on WB6a. If they put 2% CB on WB6b then OK.
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guff
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Post by guff on Feb 10, 2016 23:47:42 GMT
... just in time to prop up WB6+? 19858 is A , not A+, and so not that valuable a prize at 10%. Let us hope it draws down tomorrow - if returned it will not be going on WB6a. If they put 2% CB on WB6b then OK. My 19858 money certainly won't be, but I don't trust it to the autobodger. Looking at how WB6½ is going, even a few percent of £300k could be significant.
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adrianc
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Post by adrianc on Feb 11, 2016 8:03:07 GMT
19858 is A , not A+, and so not that valuable a prize at 10%. You are, of course, correct. Still not to be sniffed at, though.
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jamesc
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Post by jamesc on Feb 11, 2016 11:15:27 GMT
Is it just me or does anyone else think FC may be having a few problems or at least taking a breath and re thinking strategy. My reasons, loans filling less quickly, particularly 8% property loans when there are 12% ones away and will get worse when the SS pipeline comes through, fewer new loans particularly last few days and sending out questionnaire as to why people withdrawing funds.However against that they were very entrenched with WB6 and determined not to give out CB.
Does anyone share my opinion ?
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jayjay
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Post by jayjay on Feb 11, 2016 11:36:47 GMT
Sort of looks logical to me. Just FC holding back issuance to unblock the backlog that did not clear over the weekend for the first time since Christmas.
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am
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Post by am on Feb 11, 2016 12:05:41 GMT
There does seem to be a shortfall in incoming cash flows. I earlier speculated that people were withdrawing cash to pay tax bills. Another speculative hypothesis is that the recent record week soaked up the loose cash in the ecosystem. (I doubt the underlying demand would have shifted so quickly.)
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adrianc
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Post by adrianc on Feb 11, 2016 15:16:43 GMT
... just in time to prop up WB6+? 19858 is A , not A+, and so not that valuable a prize at 10%. Let us hope it draws down tomorrow - if returned it will not be going on WB6a. If they put 2% CB on WB6b then OK. And draw-down it did, in the end. There's another 10% A/6mo not long gone up - £500k, 20081 (that's another round number been passed... I remember when the loan numbers were in the low 6,000s, lad.)
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guff
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Post by guff on Feb 11, 2016 20:20:08 GMT
And so WB6/2 continues to plod along the well worn path of WB6:   |
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min
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Post by min on Feb 12, 2016 7:22:51 GMT
And so WB6/2 continues to plod along the well worn path of WB6: Doctor! Doctor! This patient is really ill. Yes nurse. I think cashback might be its only hope. Get the 1% medicine ready. Will A 1% dose be enough doctor? Let's hope so nurse. (To be continued)
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blender
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Post by blender on Feb 12, 2016 8:49:33 GMT
No, 1% cash back may get the patient through to the next tranche but treatment has been so far delayed that 2% intravenously is needed - especially with an expected life span of 17 months.
I remember when loan requests were a little over 1000. But others have designer jeans older than my start date.
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guff
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Post by guff on Feb 12, 2016 10:48:11 GMT
And so WB6/2 continues to plod along the well worn path of WB6: Doctor! Doctor! This patient is really ill. Yes nurse. I think cashback might be its only hope. Get the 1% medicine ready. Will A 1% dose be enough doctor? Let's hope so nurse. (To be continued) Don't panic! After the nationwide appeal last night, another 24 volunteers have come forward and donated 1640 pints of A+.
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acky
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Post by acky on Feb 12, 2016 12:16:53 GMT
And so WB6/2 continues to plod along the well worn path of WB6: ... which just goes to show how much "more attractive to investors" smaller tranches are! Come on, Fallacious Claims, credit us with a little more intelligence please
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min
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Post by min on Feb 12, 2016 13:07:00 GMT
I remember when the loan numbers were in the low 6,000s, lad. 6000! That's nothing lad. I've got 98 in my repaid loans. Was a B at 9%. Those were the days - 14 day auctions. Anyone else remember them?
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