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Post by lynnanthony on Jan 4, 2014 18:00:49 GMT
I was planning to transfer enough for a bid, but I still cannot get to the loan details from Spain, just the rotating dots and hourglass, ... I operate OK from the middle east, so I'm not sure that geographic location is much to do with it. The list of auctions sometimes takes twenty to thirty seconds to load but once there everything seems to work in a reasonably timely manner.
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mikeb
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Post by mikeb on Jan 4, 2014 19:55:17 GMT
IMO it is as most folks always want to just dip a toe in the water to see how things progress. I'm sure it's easier and maybe more cost effective not to deal with the toe dippers but that's another one of the ways you get lenders on board in the first place. I did look at Thin Cats, as soon as I got to the "minimum bid £1000" I clicked away, too rich for me, no matter how pretty the website is-or-isn't By the time some kind of diversification strategy had kicked in, I'd have run out of available money ... If they don't want to deal with toe-dippers, fair enough, but I hope they don't go the same way as some shops: Those that take the attitude that small customers don't really matter (because there'll be a bigger customer along in a minute).
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 4, 2014 20:29:19 GMT
I was planning to transfer enough for a bid, but I still cannot get to the loan details from Spain, just the rotating dots and hourglass, ... I operate OK from the middle east, so I'm not sure that geographic location is much to do with it. The list of auctions sometimes takes twenty to thirty seconds to load but once there everything seems to work in a reasonably timely manner. It's probably a Spanish wifi bandwidth problem, it is always poor where I am now and also at my yacht marina further north. I can just about get it to load using IE but as I use Firefox with many security additions I am not going to start doing that. Other websites don't have the problem.
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spiral
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Post by spiral on Jan 6, 2014 14:10:38 GMT
I suspect there is also some cost benefit in keeping numbers low. ATM there are just over a 1000 active members. I suspect that reducing the entry level would have exponential effect on numbers so a £500 minimum would at least double the number of participants and so on. Whether that would increase funding to the same degree I'm not sure because many of the current £1000 bidders would probably just lower their bids to £500 to participate in twice as many loans but from an admin point, there would be more work (and therefore more costs) involved.
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pikestaff
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Post by pikestaff on Jan 6, 2014 17:21:07 GMT
For as long as everything is posted manually this must be true. Also they like members to think of it as an exclusive club, which has enabled them to get away with a lot. Lowering the limit would reduce the perceived exclusivity.
Returning to the subject matter of this thread, it does now look as if the vast majority of the loans will fill. However, it was daft to have such long auctions because much of the smart money waits until the end.
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agent69
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Post by agent69 on Jan 6, 2014 18:05:33 GMT
Returning to the subject matter of this thread, it does now look as if the vast majority of the loans will fill. However, it was daft to have such long auctions because much of the smart money waits until the end. Things look a lot brighter than a week ago. A couple of loans have benefited from recent large bids, and a couple have seen renewed interest now that the borrowers have confirmed that they will accept less than the total amount. Still 3 lame ducks sitting around, including the re-listed S*****g, which is still receiving a luke warm reception. BB: Mod to remove borrower name
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Post by bracknellboy on Jan 6, 2014 19:09:12 GMT
..... Whether that would increase funding to the same degree I'm not sure because many of the current £1000 bidders would probably just lower their bids to £500 to participate in twice as many loans but from an admin point, there would be more work (and therefore more costs) involved. That is my thinking: while they might benefit from greater number of lenders, I'm sure many that currently bite the bullet and bid in £1k chunks would just drop the amount the put on each loan. I would certainly do that. An analysis of how many lenders typically bid at the £1k level, and what %age of a loan they typically fill would be interesting (it was recently done by someone for one of the loans).
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pikestaff
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Post by pikestaff on Jan 6, 2014 22:38:02 GMT
Still 3 lame ducks sitting around, including the re-listed S*****g, which is still receiving a luke warm reception. Only 2 truly lame ducks. S*****g is at 253k already and page 7 of the information pack says they will take anything over 200k.
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Post by mrclondon on Jan 8, 2014 13:35:51 GMT
Out of the pre-Christmas overload there is now just the two lame ducks plus S*****g which will proceed although probably underfunded. The news yesterday that TC/Sponsors have appointed administrators to one of the borrowers after just two repayments (out of 60) may further dampen enthusiasm for any last minute bids on these unappetising Christmas lefovers. (Full marks to the sponsor for providing all the gory details on the C*** Tri-****** thread in the TC new forum News section, but to achieve a full recovery is going to require calling on the unsecured PG's of the apparently uncooperative directors. I'm just an observer on this one.)
In the meantime one new loan has appeared totally unannounced ... which apparently is the new TC policy to avoid overloading the platform.
The whole TC enterprise just doesn't inspire huge confidence at present.
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agent69
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Post by agent69 on Jan 9, 2014 19:16:54 GMT
Am I having a senior moment or is there something very strange going on at TC.
The loans that were shown as fully funded yesterday are now showing closed, but at a much lower level. I'm certain the L*g**n loan was fully funded at £1m yesterday, but now it is showing closed at £635k?
Think I'll go for a little lie down
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Post by mrclondon on Jan 9, 2014 19:41:54 GMT
Am I having a senior moment or is there something very strange going on at TC. The loans that were shown as fully funded yesterday are now showing closed, but at a much lower level. I'm certain the L*g**n loan was fully funded at £1m yesterday, but now it is showing closed at £635k? Think I'll go for a little lie down Everything looks ok now, but it wasn't just you - there is a short thread on the TC new forum under "Software Moans"
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Post by elljay on Jan 11, 2014 11:44:28 GMT
Decided to throw in the towel and press the very nicely coloured "Withdrawal Request" button and take my available cash out of TC. Fed up of watching those little dots go round and round. Will keep an eye on TC but there are easier places to invest...
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bugs4me
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Post by bugs4me on Jan 11, 2014 12:15:43 GMT
Decided to throw in the towel and press the very nicely coloured "Withdrawal Request" button and take my available cash out of TC. Fed up of watching those little dots go round and round. Will keep an eye on TC but there are easier places to invest... Don't blame you. I'm registered with TC but haven't made any investments as their web site - well say no more although may have improved. Received a mail saying that they would no longer notify the exact start time of an auction - something to do with overloading the server, etc, etc. If their platform is that flaky then I suggest something needs to be done about it. The mail was suggestive that they were doing me a favour by allowing me to take part. Possibly I've got the wrong end of the stick but that's not good PR in my book. There are plenty of other places in invest.
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Post by elljay on Jan 11, 2014 12:59:18 GMT
Received a mail saying that they would no longer notify the exact start time of an auction - something to do with overloading the server, etc, etc. If their platform is that flaky then I suggest something needs to be done about it. The mail was suggestive that they were doing me a favour by allowing me to take part. Possibly I've got the wrong end of the stick but that's not good PR in my book. Yup, that email's what tipped me over the edge.
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Post by lynnanthony on Jan 12, 2014 8:23:54 GMT
> ...there are easier places to invest... and There are plenty of other places in invest.
Care to share? With similar rates of return? And similar security?
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