SteveT
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Post by SteveT on Apr 15, 2015 14:34:30 GMT
New loans seem to be filling very slowly today, and there are even a couple of SME loans listed yesterday that have yet to fill up completely. Have the big guns got bored and wandered off somewhere else to play? Did yesterday's website problems crash their bots? Or...?
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min
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Post by min on Apr 15, 2015 14:59:01 GMT
New loans seem to be filling very slowly today, and there are even a couple of SME loans listed yesterday that have yet to fill up completely. Have the big guns got bored and wandered off somewhere else to play? Did yesterday's website problems crash their bots? Or...? Perhaps website problems have kicked Autobid in the kneecaps and it's just managing to hobble round. The 3 cashbackless property loans (total over £900,000) that went up yesterday are struggling as is the 1% cb one for £305,000. Today's one for £320,000 (no cb) hasn't yet raised £20,000 in 4 hours. Certainly looks like some more 2% cbs if this continues.
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Post by grumbledore on Apr 15, 2015 18:26:32 GMT
I've not noticed the tall one filling up loans recently. Have Flying Candles moved them over to the whole loans market?
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is
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Post by is on Apr 15, 2015 18:32:16 GMT
I've not noticed the tall one filling up loans recently. Have Flying Candles moved them over to the whole loans market? Whole loans is hold to maturity / fixed rate for all, so not in line with tall one's (or mine for that matter) investment strategy. I expect it's the Easter holiday effect.
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Post by wildlife2 on Apr 16, 2015 12:29:50 GMT
Where is everybody?
Maybe outside gardening in this lovely spring weather? -----rather than logging-in on Farmer's Cowsheds.
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coop
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Post by coop on Apr 16, 2015 16:16:33 GMT
Speak of the devil! 12286
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TitoPuente
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Post by TitoPuente on Apr 16, 2015 20:53:49 GMT
New loans seem to be filling very slowly today, and there are even a couple of SME loans listed yesterday that have yet to fill up completely. Have the big guns got bored and wandered off somewhere else to play? Did yesterday's website problems crash their bots? Or...? Nope. We are back to SNAFU.
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chrisf
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Post by chrisf on Apr 20, 2015 19:35:09 GMT
The tide has definitely turned, it is amazing how quickly it can happen. Does anyone have an explanation?
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Post by GSV3MIaC on Apr 20, 2015 19:53:12 GMT
Well they have been listing rather more than the average number of loans recently (24 today, vs a run rate of more like 16-17 over the last 6 months or so). I didn't look at the total value, but I expect that is up too. This is a very delicate balancing act - 100k more being listed than there is cash around to instantly fill can quickly spill over into a whole bunch of unfilled loans (which many folks won't leap into until they are at least NEARLY filled. Autobid will, but autobid money is a rather limited and regular drop feed).
I suspect some of the big flippers have moved chunks of money elsewhere too, since rates at FC were unattractive, and flipping (see the flipping 'eck thread) was a non starter with the closing rates being achieved. 2% CB property loans also soaked up a goodly slice (even the tall one bit off quite a bit of that).
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SteveT
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Post by SteveT on Apr 21, 2015 7:36:08 GMT
The fact recent auctions seem to be taking a few hours (rather than a few minutes) to fill is, I think, presenting a few "very early closer" fishing opportunities but I'm not convinced it's done anything yet for closing rates on auctions going the distance, or even running beyond the first 24 hours. The vast majority of those I had optimistic bids in last night are already well below my "Give Up" threshold this morning and the rest will be there by lunchtime. The early-stage bidding dynamics perhaps have changed but not, I think, the fundamental mismatch between supply and demand.
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TitoPuente
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Post by TitoPuente on Apr 21, 2015 8:34:18 GMT
The fact recent auctions seem to be taking a few hours (rather than a few minutes) to fill is, I think, presenting a few "very early closer" fishing opportunities but I'm not convinced it's done anything yet for closing rates on auctions going the distance, or even running beyond the first 24 hours. The vast majority of those I had optimistic bids in last night are already well below my "Give Up" threshold this morning and the rest will be there by lunchtime. The early-stage bidding dynamics perhaps have changed but not, I think, the fundamental mismatch between supply and demand. I second this. Looking at the loans that are closing today the rates are dismal. Less than 7% (after fees) for an unsecured loan even if it is "A+" is still nonsense IMHO.
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chrisf
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Post by chrisf on Apr 21, 2015 9:48:31 GMT
Yes, I spoke too soon about the tide turning as within an hour of me saying that, two of the major flippers b****** and j******* had appeared and had a massive bidding war against each other on every decent auction. I had bid all my funds out on Sunday night and on Monday morning 95% of those bids were still in, but I did the same thing on Monday night and 100% had dropped out by this (Tuesday) morning.
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fasty
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Post by fasty on Apr 21, 2015 19:39:04 GMT
I was quite surprised to see thetallone pop £160,000 into loan 12368 at 15% recently ! I wish I had that much dosh to fling around 
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Post by GSV3MIaC on Apr 21, 2015 19:42:20 GMT
You ought assume he has at least 10x or 20x that much being flung around ( .. maybe a lot more), since I don't see him managing to flip what he buys (at £960 a piece) all that fast.
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agent69
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Post by agent69 on Apr 21, 2015 20:20:38 GMT
I was quite surprised to see thetallone pop £160,000 into loan 12368 at 15% recently ! I wish I had that much dosh to fling around About 170 bids between 19:03 and 19:05!
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