arbster
Member of DD Central
Posts: 810 
Likes: 426
|
Post by arbster on Jul 23, 2015 13:18:42 GMT
There's a new E up if you're interested in that sort of thing. And it's filling fast! I do wonder what a "niece marketing platform" is and whether that's strictly legal...
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Jul 24, 2015 15:47:46 GMT
Just saw this on 14243 " The correct and original risk band E has now been reinstated"
|
|
adrianc
Member of DD Central
Posts: 10,015
Likes: 5,144
|
Post by adrianc on Jul 24, 2015 20:03:08 GMT
And the Friendly Communication I received says...
Yes, the typo in the email address is theirs...
|
|
min
Member of DD Central
Posts: 615
Likes: 182
|
Post by min on Jul 24, 2015 21:50:06 GMT
And the Friendly Communication I received says... Yes, the typo in the email address is theirs... Interesting that the 'error' seems to have just happened and Fancifal Crustaceans are not admitting to any blame. If they offered to buy back parts that would presumably be an admission of responsibility. Instead they are being awfully nice and letting you sell parts at a discount and they will reimburse the sale fee and discount. Don't seem right to me.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 24, 2015 22:07:46 GMT
There is a clear apology from Frankly Culpable, and they are not blaming anyone else. Fiendishly Cunning to pay the fee and discount - but what about the premium you may have paid?
They are saying that it was a system error rather than an operator error. Surprising - and worrying.
|
|
registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
|
Post by registerme on Jul 25, 2015 11:29:43 GMT
They are saying that it was a system error rather than an operator error. That is, frankly, irrelevant.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 25, 2015 12:52:12 GMT
They are saying that it was a system error rather than an operator error. That is, frankly, irrelevant. Irrelevant to their responsibility, of course.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jul 27, 2015 14:20:34 GMT
Still some availability on the latest E (which Baz**** has yet to find, it appears)
|
|
|
|
Post by GSV3MIaC on Jul 27, 2015 15:40:01 GMT
Yep, it seems that 'choke them with cream' may be working, since the latest one took a whole 2 hours to bottom out, whereas the previous one was 11 minutes or so. Maybe Fleeting Capital need to reduce their 7 day auction periods again .. 7 hours should be OK for most Es. 8>.
|
|
|
|
Post by bonfemme on Jul 30, 2015 13:13:09 GMT
New E loan up for grabs
|
|
|
|
Post by GSV3MIaC on Jul 30, 2015 14:08:43 GMT
It went .. although the £5k one yesterday must have set a new record, this one was pretty swift too. I wonder if Fleeing Country are all on vacation.. there have been very few loans listed this week (6 or 7 most days, and only one so far today), which is driving bidding / buying frenzy on the few that remain. Or maybe the Whole Loan folks like the temporarily higher rates and are taking almost everything they are offered (which is rather more than half of almost everything)?
|
|
|
|
Post by longjohn on Jul 30, 2015 22:14:21 GMT
With all previous E's being filled at minimum rate in a matter of minutes I have to ask what's wrong with 14669 and 14674? Both have been available for four hours now with the second one at only 85% filled.
Are they that bad?
John
|
|
|
|
Post by GSV3MIaC on Jul 30, 2015 22:28:19 GMT
Bidbots choked maybe? Plus these were rolled out late, so maybe Joe public was not looking at their screens. Surprised autobid hasn't chewed on them much though .. Maybe most punters never set a bid rate for Es?
Given the SM is full of parts selling at 18% or so, maybe the big flippers lost interest.. Never can find one to ask when you want one. 8>.
|
|
wysiati
Member of DD Central
Posts: 397
Likes: 86
|
Post by wysiati on Jul 31, 2015 1:46:55 GMT
Bidbots choked maybe? Plus these were rolled out late, so maybe Joe public was not looking at their screens. Surprised autobid hasn't chewed on them much though .. Maybe most punters never set a bid rate for Es? Given the SM is full of parts selling at 18% or so, maybe the big flippers lost interest.. Never can find one to ask when you want one. 8>. As a meaningful (multiple) bidbot and flipper what would be your answer? FWIW, based on an admittedly cursory glance at the company data only (including some not provided on FC) one or more of today's E offerings would be among the most likely to fail candidates of those which have appeared. The prices on the secondary market don't suggest much discrimination on grounds of quality so, if one does attempt to make assessments of quality, why load as much up in such size on those loans which might be at the weaker end of the scoring range for E band loans? The bidder names which rushed in at the MBR on the weakest of today's offerings may well be among those which make no attempt to differentiate and which are automated / bid regardless. If one is going to retain exposure to this risk band it makes more sense than ever to consider the merits of joining FC's '100 club' thinking just about the E loans.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jul 31, 2015 7:23:59 GMT
Bidbots choked maybe? Plus these were rolled out late, so maybe Joe public was not looking at their screens. Surprised autobid hasn't chewed on them much though .. Maybe most punters never set a bid rate for Es? Given the SM is full of parts selling at 18% or so, maybe the big flippers lost interest.. Never can find one to ask when you want one. 8>. As a meaningful (multiple) bidbot and flipper what would be your answer? FWIW, based on an admittedly cursory glance at the company data only (including some not provided on FC) one or more of today's E offerings would be among the most likely to fail candidates of those which have appeared. The prices on the secondary market don't suggest much discrimination on grounds of quality so, if one does attempt to make assessments of quality, why load as much up in such size on those loans which might be at the weaker end of the scoring range for E band loans? The bidder names which rushed in at the MBR on the weakest of today's offerings may well be among those which make no attempt to differentiate and which are automated / bid regardless. If one is going to retain exposure to this risk band it makes more sense than ever to consider the merits of joining FC's '100 club' thinking just about the E loans. Agreed. Personally I have not done anything other than a small dabble in the early Es which I will sell before the second payment - and the failure to take the big and good looking one early on rather put me off. For buy and hold I suspect that the 100 club may not be that safe for new starters - since Autobid does not seek to balance the portfolio among bands and bids the same amount on a secured property loan as a risky (by definition) E loan. Frankly a buy and hold strategy for E is really a punt - and if Autobid got going on them at 1% I feel (but sorry have not calculated) that losses could deviate a distance from the mean for some unfortunates. (When the C- came out I used to buy and sell before the third payment - but then there was nothing else. Now there are good returns on secured property, and the E band is optional.)
|
|
