adrianc
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Post by adrianc on Jan 4, 2016 11:12:09 GMT
18696 lasted one minute - missed it. It's almost like they threw that one out deliberately, just to see what'd happen. Do you think there was an office sweepstake on it?
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Post by GSV3MIaC on Jan 4, 2016 16:18:41 GMT
18694 - What is so attractive about this one? The interest rate for two months. Edit: 18696 lasted one minute - missed it. Even my bot missed it .. I refuse to hit the website that frequently to see if there is a new loan.
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fasty
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Post by fasty on Jan 5, 2016 16:33:03 GMT
Big fat "E" loan 18755
£200k, 24months, 17.7%
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SteveT
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Post by SteveT on Jan 5, 2016 17:03:52 GMT
Big fat "E" loan 18755
£200k, 24months, 17.7% Their previous FC loan was an A-rated 9% so it'll be interesting to see whether they're willing to accept 17.7% !
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blender
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Post by blender on Jan 5, 2016 17:30:25 GMT
This is not really for quick flipping at 17.7%. However, they have a good track record with FC and some real substance, and so some of my FC gains might go in this. They may well turn it down but there is nowhere else for cash at present - so nothing lost.
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acky
Posts: 481
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Post by acky on Jan 5, 2016 17:39:26 GMT
Big fat "E" loan 18755
£200k, 24months, 17.7% Their previous FC loan was an A-rated 9% so it'll be interesting to see whether they're willing to accept 17.7% ! I started to ask myself whether I wanted to invest in a company that recently could borrow at 9% and now has to pay 17.7%, but I answered myself before I'd finished the question! Given the likely difficulty in flipping such a large loan and not being an 18.1% one, this is not for me, not even for my barge pole. Expect it'll sell soon enough, so good luck to anyone brave enough to buy it!
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blender
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Post by blender on Jan 5, 2016 18:00:25 GMT
Their previous FC loan was an A-rated 9% so it'll be interesting to see whether they're willing to accept 17.7% ! I started to ask myself whether I wanted to invest in a company that recently could borrow at 9% and now has to pay 17.7%, but I answered myself before I'd finished the question! Given the likely difficulty in flipping such a large loan and not being an 18.1% one, this is not for me, not even for my barge pole. Expect it'll sell soon enough, so good luck to anyone brave enough to buy it! It's only money, acky. It will sell through Autobid at par. I did wonder why 24 months?
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jayjay
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Post by jayjay on Jan 5, 2016 18:03:40 GMT
Keep for max six weeks and exit strategy to sell at par. It will be six weeks before we see the next 2% CB? Cannot see what else to do with cash.
And what have I done? I bid only 4 £20 parts. I doubt if they'll take it and surely something better will come up tomorrow. Hmmm
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blender
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Post by blender on Jan 5, 2016 18:59:08 GMT
I'm thinking of allowing this one three repayments! It is good to see a 24 month loan, which suggests that it is actually for working capital on specific contracts rather than the normal 60 months where the intention seems to be to make the smallest possible repayments and hope that something will turn up. I reckon the band would be better if the loan was longer. They probably hope to repay early. One of our forum colleagues, or ex colleague, has put in 18k and so I will sink in good company.
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is
Posts: 108
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Post by is on Jan 6, 2016 8:24:17 GMT
I'm thinking of allowing this one three repayments! It is good to see a 24 month loan, which suggests that it is actually for working capital on specific contracts rather than the normal 60 months where the intention seems to be to make the smallest possible repayments and hope that something will turn up. I reckon the band would be better if the loan was longer. They probably hope to repay early. One of our forum colleagues, or ex colleague, has put in 18k and so I will sink in good company. 20 actually. This one looks relatively healthy for a longer hold, perhaps to term (amortisation reduces risk). I've been selling over 2% of portfolio every day over xmas period, as expected, and E's provide the only sensible option at the moment, before property cashback resumes. Good to see FC investment cycles continue to be so predictable.
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fasty
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Post by fasty on Jan 6, 2016 10:35:34 GMT
I'm thinking of allowing this one three repayments! It is good to see a 24 month loan, which suggests that it is actually for working capital on specific contracts rather than the normal 60 months where the intention seems to be to make the smallest possible repayments and hope that something will turn up. I reckon the band would be better if the loan was longer. They probably hope to repay early. One of our forum colleagues, or ex colleague, has put in 18k and so I will sink in good company. 20 actually. This one looks relatively healthy for a longer hold, perhaps to term (amortisation reduces risk). I've been selling over 2% of portfolio every day over xmas period, as expected, and E's provide the only sensible option at the moment, before property cashback resumes. Good to see FC investment cycles continue to be so predictable. Sorry, IS, I'm being a bit thick - What do you mean by "amortisation reduces risk" in this context? I do hope this one does draw down otherwise it's a lot of cash tied up. Presumably all this uninvested cash earns money somewhere for Funky Chickens while they incubate it? I wonder where they invest it 
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oldgrumpy
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Post by oldgrumpy on Jan 6, 2016 10:44:53 GMT
18371 still being allowed to drag its feet. Started bids on 15 Dec!
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is
Posts: 108
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Post by is on Jan 6, 2016 11:55:50 GMT
20 actually. This one looks relatively healthy for a longer hold, perhaps to term (amortisation reduces risk). I've been selling over 2% of portfolio every day over xmas period, as expected, and E's provide the only sensible option at the moment, before property cashback resumes. Good to see FC investment cycles continue to be so predictable. Sorry, IS, I'm being a bit thick - What do you mean by "amortisation reduces risk" in this context? I do hope this one does draw down otherwise it's a lot of cash tied up. Presumably all this uninvested cash earns money somewhere for Funky Chickens while they incubate it? I wonder where they invest it
Re amortisation, they progressively repay principal so less money remains at risk. Shorter the term, higher the effect. Also we pay less in sale fees for same reason, though that's tiny. FC are unlikely to earn anything on client cash, it needs to be kept in a segregated client account and these will rarely pay any interest. I am personally happy to sell more than invest late Dec/early Jan and allow uninvested cash to get to 30% or so, a good opportunity to clean the portfolio. By spring the daily sell rate will probably be down to 0.5% and uninvested cash to under 5% as borrowing demand ramps up.
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blender
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Post by blender on Jan 6, 2016 12:07:24 GMT
The big E 18755 is in pre-agreement with interest from today. Perhaps they will take it. The other E that I bid on yesterday is drawn down. All we need now is some cash back on property.
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fasty
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Post by fasty on Jan 6, 2016 12:43:06 GMT
Thanks for clarifying, IS
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