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Post by chris on Oct 15, 2015 21:21:52 GMT
I've already said that we'll give you an option in the next couple of weeks for doing so, whereby a buy order will maintain a particular holding in a loan even as it amortises. The sell order variation will do the same thing except will deactivate when the target is reached. It was changed due to the number of people who grumbled and complained about that old way of doing things. The previous interface also didn't lend itself to dealing with buying and selling at a discount. - where are you at in terms of the above ? By your original post the functionality would have been available by now. Thanks. It's been packaged up with a number of other MLIA tweaks that are scheduled to be developed next week ready for release the week after.
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warn
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Post by warn on Nov 5, 2015 8:01:06 GMT
chris - where are you at in terms of the above ? By your original post the functionality would have been available by now. Thanks. It's been packaged up with a number of other MLIA tweaks that are scheduled to be developed next week ready for release the week after. So we'll be seeing it Real Soon Now?
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Post by chris on Nov 5, 2015 8:26:51 GMT
It's been packaged up with a number of other MLIA tweaks that are scheduled to be developed next week ready for release the week after. So we'll be seeing it Real Soon Now? Posted in another thread that the front end work is complete but it needs back end work from me. I'll get to it as soon as I can but it's likely to be another week or two.
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Post by Ton ⓉⓞⓃ on Nov 22, 2015 15:21:41 GMT
I've noticed 'another thing' I have a small buy order placed for the L2L #11, it reads,
But it still looks active it's not in the "historic instruction" Can someone have a quick look next week I think I originally set it up to last for a day or week or something.
EDIT. Cancel that I see now that it says 2016!!! I'm wrong again.
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jonah
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Post by jonah on Nov 22, 2015 15:50:21 GMT
I've noticed 'another thing' I have a small buy order placed for the L2L #11, it reads, But it still looks active it's not in the "historic instruction" Can someone have a quick look next week chris? I think I originally set it up to last for a day or week or something. From what I've seen historic is orders before the current one. So the active order wouldn't be shown in the historic list.
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mikes1531
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Post by mikes1531 on Nov 22, 2015 20:57:33 GMT
I've noticed 'another thing' I have a small buy order placed for the L2L #11, it reads, But it still looks active it's not in the "historic instruction" Can someone have a quick look next week chris? I think I originally set it up to last for a day or week or something. From what I've seen historic is orders before the current one. So the active order wouldn't be shown in the historic list. But if the last/current order has an end date that's now in the past then it's not exactly an active current order, is it? I would have hoped that once an order reached its end date it would no longer be considered active and be moved onto the historic list. Perhaps I'm misinterpreting what Ton ⓉⓞⓃ meant, but it sounds like his expired order still is appearing to be active and, for instance, will show up on the browse/your loans tables as 'Buying £XXX'. If, in fact, the order never would buy anything, then that is a very misleading entry in those tables.
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Post by Ton ⓉⓞⓃ on Nov 22, 2015 21:22:08 GMT
From what I've seen historic is orders before the current one. So the active order wouldn't be shown in the historic list. But if the last/current order has an end date that's now in the past then it's not exactly an active current order, is it? I would have hoped that once an order reached its end date it would no longer be considered active and be moved onto the historic list. Perhaps I'm misinterpreting what Ton ⓉⓞⓃ meant, but it sounds like his expired order still is appearing to be active and, for instance, will show up on the browse/your loans tables as 'Buying £XXX'. If, in fact, the order never would buy anything, then that is a very misleading entry in those tables. You're right Mike that's exactly what I was thinking till I noticed that the year I set was 2016 not 2015. So it is a current order and showing correctly with about 10months still to run and not as I thought an out of date order that was somehow still active. So just ignore my post on this. Sorry if I've wasted anyone's time. I put in several short life buy orders when the new system first started to see if when they died AC would produced a report to tell me they had finished and perhaps encourage me to put in a new order, but there appears to be no such report. I have, I think, 106 loans it might start to be a worthwhile report soon though.
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ianb
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Post by ianb on Nov 26, 2015 6:38:22 GMT
So we'll be seeing it Real Soon Now? Posted in another thread that the front end work is complete but it needs back end work from me. I'll get to it as soon as I can but it's likely to be another week or two. Another two weeks down (making 2 months in total). chris - where are we at with this now ? I realize with the state of the loans its less relevant (secondary market dead for most of the time....etc etc) but its still a pain to have to keep adjusting these buy orders. Also, it seems now that quite a few loans are designated for non-MLIA accounts meaning that MLIA people are wasting their time setting any orders for them, wouldnt it be better to indicate these on the platform so that investors, and especially new investors, dont waste their time on them ?
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Post by chris on Nov 26, 2015 6:45:58 GMT
ianb - it's still on my desk, and I'm currently swamped with new behind the scenes developments that the business is telling me are critical for sales. So that's taking precedence at the moment. Not true. There's a single loan wind turbine loan coming up that is going to be heavily biased towards the GEIA (75/25) but otherwise the MLIA is free to operate as normal.
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ianb
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Post by ianb on Nov 26, 2015 15:13:18 GMT
ianb - it's still on my desk, and I'm currently swamped with new behind the scenes developments that the business is telling me are critical for sales. So that's taking precedence at the moment. Not true. There's a single loan wind turbine loan coming up that is going to be heavily biased towards the GEIA (75/25) but otherwise the. MLIA is free to operate as normal. - first point I really hope this can be progressed soon to take some of the manual effort out of maintaining the mlia account. Second point - in that case you have some serious problems. I first noticed this with the WT's where you could, upto a couple of months ago, quite easily scoop up bits and pieces to invest cash. But 145 stopped first, i had a buy order for £0.01, and this hasnt been satisfied in 2 months plus. Other WT's, like the NL one, are also dry now just about, nothing comes thru (there are some very occasional exceptions). The bigger issue is very apparent on the selling side. If i sell certain loans, they all go in one sale to one buyer. Examples are 157, 81 & 163. Take 81. I sold a fairly large amount of this today. It went to one buyer. Both my wife and my daughter have buy orders for this loan. They got nothing, nada, zilch. Neither have they had anything for some time. Hopefully you can see where i'm coming from in my thought that certain loans are not available for investment anymore - who's scopping up all of these ?
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oldgrumpy
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Post by oldgrumpy on Nov 26, 2015 15:36:46 GMT
IMHO AC have been in far too great a hurry to launch (with considerable pride and optimistic emails) wonderful new investing options (GEIA, GBBA) before they have enough loans to fill them. Hence, they (and we) are having to contemplate reducing the trickle of loans to MLIA so that they can give the impression those other accounts are worthwhile. It seems anyone selling bits of WT loans* will have them automatically sent into GEIA (for reasons Chris has explained), so buy settings for WT on MLIA are pointless. I do hope this doesn't happen to the GBBA, or a lot of investors will be unable to reinvest rpayments, let alone new money, which is at present probably going elsewhere.
* I have stopped selling my WT units to fund new loan drawdowns because I can no longer buy WT units back when I am waiting for new loans to appear.
PS Yesterday there was a blck of £601+ units available on #111. I put a buy order on for £600. Half an hour later, nothing had happened, and the £601+ was still on offer, so I removed that order.
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mikes1531
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Post by mikes1531 on Nov 27, 2015 16:28:02 GMT
Take 81. I sold a fairly large amount of this today. It went to one buyer. Both my wife and my daughter have buy orders for this loan. They got nothing, nada, zilch. Neither have they had anything for some time. Hopefully you can see where i'm coming from in my thought that certain loans are not available for investment anymore - who's scopping up all of these ? I certainly didn't get any of #81 -- and I have a long-standing active buy order and available in my MLIA. It seems anyone selling bits of WT loans* will have them automatically sent into GEIA (for reasons Chris has explained), so buy settings for WT on MLIA are pointless. I do hope this doesn't happen to the GBBA, or a lot of investors will be unable to reinvest rpayments, let alone new money, which is at present probably going elsewhere. * I have stopped selling my WT units to fund new loan drawdowns because I can no longer buy WT units back when I am waiting for new loans to appear. It's not quite as bad as oldgrumpy thinks. In the past 24 hours I've picked up some #112 (£3.71 + 7p), #160 (£1.09), and #90 (£2.45). The grand total of £7.32 isn't exactly impressive, but it does show the SM in WT loans isn't completely dead. (And there are four WT loans that I don't have buying instructions set for.)
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