adrianc
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Post by adrianc on Jul 2, 2015 17:28:24 GMT
Small loans nearly always fill at MBR, regardless of band. Let's wait until there's a few more decent-size ones about.
In the mean time, my heart won't bleed if Baz and friends get left holding a big pile of unsellable semi-toxic chod. I notice that the premium battle for 13910 has reached 1.7%, with nearly a quarter of the loan on the SM...
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Post by GSV3MIaC on Jul 2, 2015 17:46:49 GMT
Yep, as happened with C-, the Furry Critters solution to the "grasping bid-bots" problem is to attempt to choke them with cream (with the occasional poison kipper thrown in), rather than trying to impose any sort of limits which b*z et al would presumably resist.
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jonah
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Post by jonah on Jul 2, 2015 18:19:39 GMT
13947 made it to MBR.
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wysiati
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Post by wysiati on Jul 2, 2015 18:30:32 GMT
Parts on offer at just 1.9% premium at present. Now 1.0%. Having some fun manipulating the autobots. My bad.
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wysiati
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Post by wysiati on Jul 2, 2015 18:56:56 GMT
Parts on offer at just 1.9% premium at present. Now 1.0%. Having some fun manipulating the autobots. My bad. Make that 0.0% premium on 13910. Fat finger or impatience/desperation?
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adrianc
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Post by adrianc on Jul 2, 2015 19:22:01 GMT
I'm seeing 1.4% as the lowest now, with plenty still available, so maybe one of the big boys has re-bought them to reflip to keep the market up?
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fasty
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Post by fasty on Jul 2, 2015 20:18:02 GMT
Uh-Oh. Weird behaviour of E-rated loan parts : Can anyone explain this :
I bought a few £20 parts of 13910 (E-Rated) which has now drawn down.
* If I look at the loan parts individually from "My Loan Parts", some have a date (for next repayment) against them, whereas some have no date.
and
* If I list them in SELL tab, initially before I add any premium, they all show a buyer rate of 18.2%. OK so far. But, some show a selling price of £20.00 whereas others show a selling price of £20.30 (while ALL STILL AT PAR)
It appears as if some have earned +1.5% interest already, whereas some have not.
Edit: It's the ones that show the selling price of £20.30 which correspond to no next payment date showing under "my loan parts".
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am
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Post by am on Jul 2, 2015 20:27:30 GMT
Uh-Oh. Weird behaviour of E-rated loan parts : Can anyone explain this :
I bought a few £20 parts of 13910 (E-Rated) which has now drawn down.
* If I look at the loan parts individually from "My Loan Parts", some have a date (for next repayment) against them, whereas some have no date.
and
* If I list them in SELL tab, initially before I add any premium, they all show a buyer rate of 18.2%. OK so far. But, some show a selling price of £20.00 whereas others show a selling price of £20.30 (while ALL STILL AT PAR)
It appears as if some have earned +1.5% interest already, whereas some have not.
That sound's like something to bring to FC's attention.
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fasty
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Post by fasty on Jul 2, 2015 22:11:53 GMT
Yes, there's definitely an anomaly.
DOES ANYONE ELSE HAVE PARTS OF 13910 to confirm whether this is a common problem?
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fasty
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Post by fasty on Jul 2, 2015 23:37:57 GMT
Yes, there's definitely an anomaly.
DOES ANYONE ELSE HAVE PARTS OF 13910 to confirm whether this is a common problem? I've got some 13910, annoyingly non have any anomalous interest added. Hmm Don't be annoyed; I don't think I can benefit from this anomaly, in fact it looks rather like the duffs ones aren't scheduled to make any future payments ! I somehow managed to snaffle the very first few 13910 off the press, so maybe the server wasn't properly warmed up...
EDIT 03/07/15 : Problem seems to have spontaneously resolved overnight.
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coop
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Post by coop on Jul 3, 2015 8:52:29 GMT
13944 £50k loan - surely this won't draw down? The same company had a previous loan for the same amount which was B rated and taken as a whole loan at 9.4% with £35,000 still outstanding. No late repayments that have been recorded. New loan being used in part to repay existing loan. Why on God's green earth would anyone replace £35k of debt at 9.4% with £35k of debt at 18.2%? If they need additional funds and FC is the only place that will give it to them surely they will cancel this loan and relist one for £15k and keep the old loan active? My rating: AVOID  |
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blender
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Post by blender on Jul 3, 2015 9:18:39 GMT
This is in respect of my earlier comment about loan 13924 (I'm not very good with forums). I still think that there will be problems ahead, of the £44k or so at the min I'd say around £40k are flippers. The only thing that will drive it all the way down to 18.2 across the board are even more flippers and there could well be a supply outweighs demand come maturity. In addition flippers won't want to be sat with loads of Es for very long and the abandon ship siren might sound fairly quickly. I do a bit of flipping myself but wouldn't touch this with a proverbial barge pole but each to their own. 13924, the big E, now answering questions - and it seems a bit much for lenders to complain in the Q&A of lack of answers a few hours into a 7 day auction. The chap has a business to run and answers can only get him down to 18.2% from 20. Answers seem ok to me and it will probably not be taken today, so we will see if/when it hits MBR. Also if I were the borrower I would look to find a better deal asap - so not one to buy on the SM at 3%. But I think worthwhile to hold a few months and sell at par if I have to. This E band is not for those with a nervous disposition.
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coop
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Post by coop on Jul 3, 2015 9:44:39 GMT
Some people always act like a right bunch of Charlies in the Q&A though.
This one is interesting:
"My opinion is that the loan is expensive and we will take a view on it once the bidding has closed. It is a cheaper optic than refinancing our commercial mortgage which is at a competitive rate."
Expensive - but possibly better than the alternative?
To bid
Or not to bid
To bid
Or not to bid
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Post by goldservice on Jul 3, 2015 9:52:27 GMT
"... It is a cheaper optic than ..." Avoid the cheaper optic - a branded spirit is always superior.
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blender
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Post by blender on Jul 3, 2015 10:11:52 GMT
He is paying a high price for a period of poor cash management. I am sure he has already taken a view on the loan - what difference between 18.2% and 19% other than optimisation? The business is better than the band imo and it is a matter of how long before this loan can be refinanced elsewhere. FC will be the winners, having their full fee up front.
I'm in.
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