Loans at a discount on the (After)Market

ilmoro

I found snipping tool in the all programmes>>> accessories in Windows 7.
The icon can be put somewhere handy on the desktop or system tray and works brilliantly (but I do use a mouse!)

Not really valid.

Shops which offer a "discount" of 10% or even 20% have probably already added a markup of 100%+, so are probably still making a good profit.
As for those with a "permanent" 50%-70% discount (from an inlated original price) - who knows what they actually paid for their stock!? They don't do it to trade at a real loss.
Sellers of these loan parts are offering a 1% discount on the price they have paid, and only do enough to be at/near the front of the queue to liquidise their holdings, and will make a loss.

I disagree; it all depends on what underlying loan you are selling & why the discount needs to be applied. For example #45 Leeds is only to aid liquidity as the loan & security are pretty solid but buyers were driven away largely due to way AC mishandled it. I see the discount representing an upfront interest payment, so 3.5% equates to 3 months free interest making it a good buy IMHO. However  I wouldn't buy the plumber at even 75% discount as I don't believe there will be any significant recovery (at least any time soon).

Well, it's nice to know there's lots of people out there who think 1 per cent discount is sufficient to change a no-buy to a buy situation.  I'm suddenly optimistic about shifting a load of dead wood. And it's also really good to know that some think the security on #45 is rock solid. More rocky, methinks, than solid.

PS I sold some NLCP without a discount today so some people just like it anyway. 

I see some of this as practise for when it really matters, some people are finding out how the system works and what size discount is needed in different situations. I'm vaguely seeing how long it takes for things to sell, but it's about the same as it  was under the previous discount system. Which is surprising as there are a lot more investors now, I guess they might be other using the other AC a/c's or are zombies or Intermediaries.

I think it also gives an insight into how people think and act (or over react).

When I picked up some Yorkshire Leisure @5% Discount it made wonder what the seller knew that I didn't, it turned out as: they probably knew nothing as some other parts went for a similar discount.

My view is that there is no great desire to sell the loan parts in question. People are happy with the security (happier than me).  I wouldn't buy these loans even at 10 per cent discount. I think Ton ⓉⓞⓃ is right - people are feeling their way. I think one should also bear in mind that there is a lot of cash floating around looking for a home because of the lack of new loans and repayment of others. Why sell at this juncture when the cash has nowhere to go (except another platform)? But I do see some of these loans going at 10 per cent plus discount in the future. Meanwhile, I am very happy that a mere 1 per cent discount will shift my problem loans. We are heading into lottery country with some loans, perhaps like Kent, Ipswich, Epping & Anglesey. I exited those places when I saw the darkening clouds. Being a coward I always run for cover.