|
|
Post by GSV3MIaC on May 18, 2015 20:51:11 GMT
'they are not' .. did you mean not using it (I think they are) or not rigging it (I doubt they'd deliberately do that, although some of their programming screwups, like the LIFO autobuying, might give that impression). They probably don't NEED to shift their loan parts though, since the capital involved is small beer compared to their running costs / equity funding injections.
|
|
registerme
Member of DD Central
Posts: 6,624 
Likes: 6,437
|
Post by registerme on May 18, 2015 21:05:58 GMT
Sorry, to be clear, I meant that my assumption is that they are not rigging it in their favour. So they are using it, and if they are that has a number of ramifications....
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on May 18, 2015 21:31:29 GMT
...(unless of course autobuy is being really slow about deploying it). It would tend to be quite slow - each individual only gets a turn at being in the autobid chair about once a day, and it'll undoubtedly try bidding on primary auctions with at least some of the money, which in turn knocks out other bidders, many of whom will themselves be looking to redeploy the funds, and so on... Even when it buys parts from the secondary market, many of the users selling will also be looking to redeploy funds themselves. Funds can end up bouncing around quite a bit before they reach a user who will actually be withdrawing them. Another point (as I mentioned on a different thread) is that another £500k was repaid early today. There seems to be some acceleration of loan part sales - around £200k today, compared to around £100k for most days in the last week or so.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 19, 2015 6:54:02 GMT
Given how many other "faults" Frequently Corrupted's platform regularly develops, I wouldn't be surprised if Autobid simply "broke" in mid-April and it took until late last week for someone to turn it off and on again...
|
|
|
|
Post by GSV3MIaC on May 19, 2015 7:47:22 GMT
I think it was still working at auction, but it might have broken for SM purchases, yes. Maybe all will be revealed in the other place when (if) they answer the question.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 20, 2015 7:27:14 GMT
Did it break again? Zero sales at par for me last night.
|
|
min
Member of DD Central
Posts: 615
Likes: 182
|
Post by min on May 20, 2015 8:40:40 GMT
Did it break again? Zero sales at par for me last night. Everything broke last night. No payment run either. Expect they're getting in practice for the bank holiday.
|
|
adrianc
Member of DD Central
Posts: 10,004
Likes: 5,139
Member is Online
|
Post by adrianc on May 20, 2015 10:13:06 GMT
Did it break again? Zero sales at par for me last night. Two for me overnight... No repayments, though. <rolls eyes>
|
|
|
|
Post by GSV3MIaC on May 22, 2015 9:33:34 GMT
Seems to have gone back to no sales again, so maybe it was as someone (SL75?) said, just the bulge of the property loan repayments which temporarily cause autobuy to look at the SM for some lenders.
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on May 22, 2015 9:40:24 GMT
Seems to have gone back to no sales again, so maybe it was as someone (SL75?) said, just the bulge of the property loan repayments which temporarily cause autobuy to look at the SM for some lenders. Similar here, although I did have one A 9% part go at par last night
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on May 23, 2015 11:40:11 GMT
Just sold one of my very early 7% property loan parts at par. They don't move fast. I might celebrate with smoked salmon and a glass of wine for lunch  |
|
|
|
Post by thesnoop on May 26, 2015 9:16:25 GMT
Finally , three loan part sales at par last night. All different loans and buyers  . |
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 26, 2015 9:53:49 GMT
Yes but it is only a dribble - a few purchases to be able to say it is working when in fact it has been throttled right back. There should have been a lot of Autobid purchases over the BH weekend. An explanation is required from Fanciful Circumlocutions.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 26, 2015 12:23:20 GMT
My numbers are much lower than that, like four yesterday and two today - with over 1000 listed.
The two today have been purchase by a buyer called Fly*ng P*gl*t which aptly describes the rarity of the purchases.
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on May 29, 2015 14:02:58 GMT
No loan parts available on 9950. (The two earlier tranches are risk band removed, so you can't buy them either.)
|
|
. 