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Post by Deleted on Oct 21, 2015 7:54:20 GMT
Just remember this is under the new Director promises mandate.  |
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Oct 21, 2015 9:32:39 GMT
Sadly my cash queued for the QAA does not seem to have moved forward significantly. Looks like quite a bit came from the middle of the queue (as is to be expected I guess) because my 58p at position 44 ish has moved only to position 35 overnight, but the amounts nearer the back of the queue moved up a fair few hundred places.
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Post by chielamangus on Oct 21, 2015 9:45:19 GMT
And I've got 100% of my (modest) target! Sadly my cash queued for the QAA does not seem to have moved forward significantly. I'm surprised how little must have been pre-bid on this one (hardly a large loan at £140k). I received all of my £700 target, fully expecting it to be reduced. The maximum anyone got (apart from the underwriters) was £813.79. We don't know how much was actually available. It might have been as little as £70k
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oldgrumpy
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Post by oldgrumpy on Oct 21, 2015 9:59:34 GMT
I'm surprised how little must have been pre-bid on this one (hardly a large loan at £140k). I received all of my £700 target, fully expecting it to be reduced. The maximum anyone got (apart from the underwriters) was £813.79. We don't know how much was actually available. It might have been as little as £70k Ah. I was awarded that, at 22:02 then at 22:03 another £892 so I ended up only about £300 less than my target, which was only set because so little else was available for a mounting MLIA with much of it miles back in the QAAQ (which has now almost been cleaned out!) ! I shall be selling some of this just before the next loan draws down.
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mikes1531
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Post by mikes1531 on Oct 21, 2015 13:30:04 GMT
The maximum anyone got (apart from the underwriters) was £813.79. We don't know how much was actually available. It might have been as little as £70k Ah. I was awarded that, at 22:02 then and 22:03 another £892 so I ended up only about £300 less than my target, which was only set because so little else was available for a mounting MLIA with much of it miles back in the QAAQ (which has now almost been cleaned out!) ! I shall be selling some of this just before the next loan draws down. I put in a £500 pre-bid, and didn't expect that to be filled completely, but it was. Based on oldgrumpy's report, it looks like £813.79 was the maximum available as first calculated by the number of pre-bids and the amount released, and then when some bidders didn't have enough in their accounts to fund their entire bids the unfunded amount was reallocated to those like OG who had asked for more and did have funds available.
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Post by chris on Oct 21, 2015 13:38:25 GMT
Ah. I was awarded that, at 22:02 then and 22:03 another £892 so I ended up only about £300 less than my target, which was only set because so little else was available for a mounting MLIA with much of it miles back in the QAAQ (which has now almost been cleaned out!) ! I shall be selling some of this just before the next loan draws down. I put in a £500 pre-bid, and didn't expect that to be filled completely, but it was. Based on oldgrumpy's report, it looks like £813.79 was the maximum available as first calculated by the number of pre-bids and the amount released, and then when some bidders didn't have enough in their accounts to fund their entire bids the unfunded amount was reallocated to those like OG who had asked for more and did have funds available. It takes available funds into account on the first pass. The second pass will have been someone else deciding to sell at a later date, perhaps an underwriter who originally planned to hold their 50% share but then offloaded it or something along those lines.
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Post by Come_on_Grandad on Oct 21, 2015 13:45:34 GMT
I put in a £500 pre-bid, and didn't expect that to be filled completely, but it was. Based on oldgrumpy's report, it looks like £813.79 was the maximum available as first calculated by the number of pre-bids and the amount released, and then when some bidders didn't have enough in their accounts to fund their entire bids the unfunded amount was reallocated to those like OG who had asked for more and did have funds available. It takes available funds into account on the first pass. The second pass will have been someone else deciding to sell at a later date, perhaps an underwriter who originally planned to hold their 50% share but then offloaded it or something along those lines. I got, at 22:03, the £813.79 cap but no more ... despite having available funds for my target. How come a second pass wasn't distributed amongst all those willing and able?
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tonyr
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Post by tonyr on Oct 21, 2015 14:07:33 GMT
It takes available funds into account on the first pass. The second pass will have been someone else deciding to sell at a later date, perhaps an underwriter who originally planned to hold their 50% share but then offloaded it or something along those lines. I got, at 22:03, the £813.79 cap but no more ... despite having available funds for my target. How come a second pass wasn't distributed amongst all those willing and able? Me too...
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Post by chris on Oct 21, 2015 14:13:05 GMT
I'll have to investigate and get back to you. A superficial glance isn't giving any clues so I'll need to step through the process which is quite time consuming so may not be until tomorrow.
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Mike
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Post by Mike on Oct 21, 2015 14:49:23 GMT
I have wondered if the buy/sell process is bugged too. But maybe based on a misunderstanding on my part. Does anyone know what happens in the following scenario:
Two sellers try to sell 1000 & 7000 respectively
One buyer wants to buy 800
Does buyer get two equal chunks of 400 or two different sized chunks, being 100 and 700?
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mikes1531
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Post by mikes1531 on Oct 21, 2015 16:14:21 GMT
I have wondered if the buy/sell process is bugged too. But maybe based on a misunderstanding on my part. Does anyone know what happens in the following scenario: Two sellers try to sell 1000 & 7000 respectively One buyer wants to buy 800 Does buyer get two equal chunks of 400 or two different sized chunks, being 100 and 700? IIRC, 400 from each seller. I believe we've been told that increasing the amount that you offer for sale does not affect your speed of selling.
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Post by chielamangus on Oct 23, 2015 15:41:54 GMT
Less than anaemic now. What's the word for when the blood disappears entirely from the tube? No 200 has now dropped out. AC must be sick at all these loans disappearing. Like us.
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oldgrumpy
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Post by oldgrumpy on Oct 23, 2015 15:54:57 GMT
What was Andrew telling us a year ago? I've forgotten. Did all that predicted loan flow get diverted to institutions, or has it still not materialised? My AC account has barely grown for over a year, and now I have trouble recycling payments, with more than I want sitting uncomfortably in existing loans, waiting, waiting, waiting. In around forty days the big wind down to Christmas/New Year will begin!  Edit: also it's part of the reason I will lose so much from plumber man ... waiting for long promised loan flow. |
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 23, 2015 15:58:08 GMT
Less than anaemic now. What's the word for when the blood disappears entirely from the tube? No 200 has now dropped out. AC must be sick at all these loans disappearing. Like us. When Stuart said £100million origination, 2/3 would meet credit rules but not all those would proceed he wasnt kidding. 2.5mil currently for Nov, SS have indicated they have 10mil. Is it me or have we & the instituitional investors backed the wrong horse Really hoping this is the true picture... as opposed to the other event that it features prominently in  
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Steerpike
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Post by Steerpike on Oct 23, 2015 16:18:01 GMT
Less than anaemic now. What's the word for when the blood disappears entirely from the tube? No 200 has now dropped out. AC must be sick at all these loans disappearing. Like us. When Stuart said £100million origination, 2/3 would meet credit rules but not all those would proceed he wasnt kidding. 2.5mil currently for Nov, SS have indicated they have 10mil. Is it me or have we & the instituitional investors backed the wrong horse Really hoping this is the true picture... as opposed to the other event that it features prominently in Yeah. I just got allocated £7.28 in the QAA. Proud.
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