treeman
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Post by treeman on Jul 11, 2016 15:39:45 GMT
Argh! I bought some before I realised its solicitors  That will be going straight out to sell. Drawndown already
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fasty
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Post by fasty on Jul 11, 2016 16:53:41 GMT
Argh! I bought some before I realised its solicitors That will be going straight out to sell. Yes, sorry, I should have mentioned that but I wanted to post quickly. I even recognised the company name from a previous loan. I might keep it for a few weeks...
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markr
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Post by markr on Jul 15, 2016 13:57:45 GMT
Someone dumping a good amount of (lightly soiled) E at par on the SM for anyone interested. All gone!
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jamesc
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Post by jamesc on Aug 2, 2016 9:51:33 GMT
Just to prove that not all E's are toxic. Today an E borrower has returned for a loan 6 times as large, longer duration and has now been classed as a B !!! Not sure I would want it at 10% but shows at 18% it offered value. Or as a cynic is it just the case of what a lot of people are saying that a lot of the new loans are just D's & E's disguised as A's & B's ?
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jamesc
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Post by jamesc on Aug 9, 2016 14:12:44 GMT
Fumbling Cretins now have a situation that they said they would not allow to happen Solu***** for S***** LTD now have two loans outstanding both live 15268 an E and 24521 a B !!!!!!
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SteveT
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Post by SteveT on Aug 17, 2016 17:00:42 GMT
£100k E just appeared
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Post by longjohn on Sept 5, 2016 16:16:05 GMT
25450 for £78,960. Four minutes in and 40% filled.
Edit - 8 minutes and filled, drawn down and gone.
Another edit - 11 minutes and 135 parts up for sale at +1.0%. Someone's got a busy bot!
J
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kaya
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Post by kaya on Sept 5, 2016 19:21:26 GMT
So very sad that FC allow encourage this ultra short-term speculative profiteering at the expense of ordinary investors. Really makes me want to throw sell up and get out.
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jamesc
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Post by jamesc on Sept 5, 2016 21:04:43 GMT
So very sad that FC allow encourage this ultra short-term speculative profiteering at the expense of ordinary investors. Really makes me want to throw up and get out. Like most things there are two sides, yes it would be nice to be able to buy large chunks of E loans at the listing but as that is not possible and will still not be possible if too heavy restrictions were made on the initial listing. I am happy to pay a premium (rarely more than 1%) to be able to have the time for DD and then buy large amounts of the loans I like. So for me the current system kind of works.
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ptr120
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Post by ptr120 on Sept 5, 2016 22:01:05 GMT
it would be so easy to introduce CAPTCHA or something similar to prevent BOTS - even British Airways frequently ask me to confirm that I'm not a BOT when I try to price up a flight with them. Why won't FC act to stop something that irritates so many? E loans would still fill very quickly, but perhaps not within minutes as they currently do
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adrianc
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Post by adrianc on Sept 6, 2016 8:35:43 GMT
it would be so easy to introduce CAPTCHA or something similar to prevent BOTS You don't read the SS forums, do you?
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acky
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Post by acky on Sept 6, 2016 12:12:37 GMT
it would be so easy to introduce CAPTCHA or something similar to prevent BOTS You don't read the SS forums, do you? Not only are Ds and Es pretty much a lost cause for ordinary investors to now buy on the PM, but small Bs are now selling out in about 10 to 15 minutes! So the choice seems to be (a) living with the paltry returns of A and A+, (b) pay premiums on the SM, or (c) become a computer programmer and write a bot.
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SteveT
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Post by SteveT on Sept 6, 2016 12:28:14 GMT
Not only are Ds and Es pretty much a lost cause for ordinary investors to now buy on the PM, but small Bs are now selling out in about 10 to 15 minutes! So the choice seems to be (a) living with the paltry returns of A and A+, (b) pay premiums on the SM, or (c) become a computer programmer and write a bot. I'm opting for (d) Give up on FC and lend elsewhere
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Post by nightmare on Sept 6, 2016 13:52:00 GMT
In all honesty I would say that a fair number of the people who complain about the usage of bots would quite happily be doing exactly the same thing if they knew how to - I certainly would. As it happens the 'paltry' rates available on other bands (which lest we forget come with much lower default rates) are still a lot higher than we'd be getting on traditional savings accounts. So, even though I do understand the 'If I hadn't seen such riches I could live with being poor' attitude, maybe instead of complaining that we're only catching trout whilst other people are catching salmon we should just be happy content that we're not still just catching sticklebacks.
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kaya
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Post by kaya on Sept 6, 2016 13:59:24 GMT
Salmon are over-rated, trout are better - especially a delicious sea trout. I only want to cast my line for a fish or two for my dinner, but I find the water already emptied by someone using a net. Outlaw the nets!
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