sam i am
Member of DD Central
Posts: 697 
Likes: 555
|
PBL 27
Jul 13, 2015 12:58:14 GMT
max likes this
Post by sam i am on Jul 13, 2015 12:58:14 GMT
I've noticed some unusual recent movements with this loan. At the back end of last week £100,000 dropped into the SM but today it has all gone. It must have been taken out of the market because I cannot see corresponding purchases on the Recent Activity tab. My guess is that either SS or the underwriters are responsible for this. I wonder if anyone with more experience with this platform can shed a bit more light on this type of activity. Has it been common historically? I also note that quite a big chunk of PBL33 also hit the SM recently (some still there) and there were some medium-sized chunks of PBL29, 30 and 32 (but these went quite quickly). I'm just trying to understand the platform better and learn a bit more about how SS and/or underwriters interact with the SM if this is the case.
|
|
dp
Member of DD Central
Posts: 189
Likes: 84
|
PBL 27
Jul 13, 2015 15:52:40 GMT
Post by dp on Jul 13, 2015 15:52:40 GMT
I noticed this loan had 75k available this afternoon, after reading the particulars and valuation report I was going to invest. The 75k was then gone, looking at recent activity there were only 2 transactions from today , 1 of £100 and 1 of £,1000.
|
|
sam i am
Member of DD Central
Posts: 697
Likes: 555
|
PBL 27
Jul 13, 2015 16:31:56 GMT
Post by sam i am on Jul 13, 2015 16:31:56 GMT
Hey dp - another 4k has just popped up...
|
|
david42
Member of DD Central
Posts: 419
Likes: 346
|
PBL 27
Jul 13, 2015 16:47:21 GMT
Post by david42 on Jul 13, 2015 16:47:21 GMT
I've noticed some unusual recent movements with this loan. At the back end of last week £100,000 dropped into the SM but today it has all gone. It must have been taken out of the market because I cannot see corresponding purchases on the Recent Activity tab. My guess is that either SS or the underwriters are responsible for this. I wonder if anyone with more experience with this platform can shed a bit more light on this type of activity. Has it been common historically? I also note that quite a big chunk of PBL33 also hit the SM recently (some still there) and there were some medium-sized chunks of PBL29, 30 and 32 (but these went quite quickly). I'm just trying to understand the platform better and learn a bit more about how SS and/or underwriters interact with the SM if this is the case. The PBL33 availability was from an underwiter. Parts of PBL33 that I offered yesterday sold before the £54k that was already on offer. That only happens if the existing availability is from an underwriter.
|
|
sam i am
Member of DD Central
Posts: 697
Likes: 555
|
PBL 27
Jul 13, 2015 17:01:41 GMT
Post by sam i am on Jul 13, 2015 17:01:41 GMT
Thanks david, I'd read about this before that us mere mortals get to queue-jump ahead of the underwriters and your experience confirms this. That's good news if you need to get some cash out or want to rebalance. Trouble is that the SM doesn't indicate if the amount for sale is from an underwriter or not - so you have to drop some of the loan into the SM to see what happens first before committing the lot and then finding that it's hanging around without interest for a while.
|
|
ewf
Posts: 14
Likes: 5
|
Post by ewf on Apr 18, 2016 13:32:49 GMT
just seen a bbc news report about a large factory fire in Fleetwood, no company name was quoted, so make your own judgement.
<link removed by mod>
|
|
|
|
Post by fiatlender on Apr 18, 2016 13:45:06 GMT
just seen a bbc news report about a large factory fire in Fleetwood, no company name was quoted, so make your own judgement. That article seems to be dated from 2009. This one is dated yesterday and has a vid. Looks like the same building as PBL027 to me. <link removed by mod> EDIT: Also <link removed by mod>
|
|
guff
Posts: 730
Likes: 707
|
PBL 27
Apr 18, 2016 13:49:29 GMT
Post by guff on Apr 18, 2016 13:49:29 GMT
I think I recognise the lake…  ![]() |
|
|
|
PBL 27
Apr 18, 2016 14:02:31 GMT
Post by GSV3MIaC on Apr 18, 2016 14:02:31 GMT
Perhaps savingstream could comment on whether it was 'our' building, and whether the insurance was up to date. 8>. |
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
PBL 27
Apr 18, 2016 14:19:44 GMT
Post by pom on Apr 18, 2016 14:19:44 GMT
Wasn't the loan for land with planning? I wonder if they planned to keep the building..... glad I don't hold any of it any way
Edit - p19 of the valuation doc does say that the building is due to be replaced as part of the development....so perhaps not the end of the world (once it's cooled down!)
|
|
stokeloans
Member of DD Central
Posts: 402
Likes: 485
|
PBL 27
Apr 18, 2016 14:23:17 GMT
via mobile
Post by stokeloans on Apr 18, 2016 14:23:17 GMT
Definitely is pbl027 to my eyes,going off the pics.
I have a small investment in it.
Hope they're insured for arson.
|
|
stokeloans
Member of DD Central
Posts: 402
Likes: 485
|
PBL 27
Apr 18, 2016 14:25:14 GMT
via mobile
Post by stokeloans on Apr 18, 2016 14:25:14 GMT
There was a small amount on the SM a few minutes ago but it's gone now
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
PBL 27
Apr 18, 2016 14:27:47 GMT
Post by oldgrumpy on Apr 18, 2016 14:27:47 GMT
Let's see how long it takes SS to suspend trade! They should have been aware of this since yesterday morning.
edit. 15:30 There's more on sale now.
|
|
Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
|
PBL 27
Apr 18, 2016 14:32:54 GMT
Post by Steerpike on Apr 18, 2016 14:32:54 GMT
In my copy of Plastics and Rubber Weekly I see that teenagers were involved.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
|
PBL 27
Apr 18, 2016 14:40:22 GMT
Post by ilmoro on Apr 18, 2016 14:40:22 GMT
Shouldnt affected the valaution as it was all based on the planning permission and the potential generation & development value of the land.
|
|
