jonah
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Post by jonah on Dec 12, 2015 10:54:06 GMT
If anyone fails to realise the significance of the loan size, and puts in a pre-bid 10x what they really want to hold, they'll be in for a big surprise. And unlike the £2M PBL072, there won't be many people who will want to pick up parts of Essex on the SM immediately after the release. That one could be interesting! Be interested to hear from savingstream on what the SM queue order is following a launch of a larger loan. If a 4m loan goes live with only 3m taken up by the pre fund, does the final 1m take precedent over any sales on the SM or do SM sales queue jump the original 1m. Am very much hoping for the former as this will be a start to stopping the gaming on the PF. Also would hope any gamers are forced to release other 'more attractive' loans they hold back onto the SM to 'clear their debt' if their SM sales of the primary loan get stuck for 48 hours (or 24 hours, depending on where you get this info from). Might be time for a wake up call for gamers and help our newer members get some diversification bonus thrown in. On the previous site, lender sales (I.e. People like us) jumped ahead of underwriter sales. I don't think we have seen a loan in that situation on the new site to be clear if this logic still holds.
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SteveT
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Post by SteveT on Dec 12, 2015 10:58:50 GMT
Be interested to hear from savingstream on what the SM queue order is following a launch of a larger loan. If a 4m loan goes live with only 3m taken up by the pre fund, does the final 1m take precedent over any sales on the SM or do SM sales queue jump the original 1m. Am very much hoping for the former as this will be a start to stopping the gaming on the PF. Also would hope any gamers are forced to release other 'more attractive' loans they hold back onto the SM to 'clear their debt' if their SM sales of the primary loan get stuck for 48 hours (or 24 hours, depending on where you get this info from). Might be time for a wake up call for gamers and help our newer members get some diversification bonus thrown in. "Retail" sellers have always taken precedence in the SM queue over remaining holdings belonging to SS and/or their underwriters. [crossed with jonah]
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ablender
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Post by ablender on Dec 12, 2015 11:26:53 GMT
As far as I know it was a change in the website (GUI) not in the way SS operates.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Dec 13, 2015 15:07:31 GMT
Will be intriguing to see of the upcoming H**l mixed develop loan of £5m+ will need the aid of a cashback to get it over the finishing line! Just had time to read the loan summary &it looks like an attractive proposition despite the size. Off to read the vlauation doc now
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mikes1531
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Post by mikes1531 on Dec 14, 2015 2:22:18 GMT
Will be intriguing to see of the upcoming H**l mixed develop loan of £5m+ will need the aid of a cashback to get it over the finishing line! Just had time to read the loan summary &it looks like an attractive proposition despite the size. Off to read the vlauation doc now : When you've finished reading the SS documents, you may also be interested in comments and links mentioned in the Pipeline Loans thread, and the article in the Hull Daily Mail on 26/Nov.
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Post by ladywhitenap on Dec 14, 2015 2:37:13 GMT
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Post by highlandtiger on Dec 14, 2015 8:36:26 GMT
Think I'll give that one a miss.........well at least until I know what the issue is with the demolition company.
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SteveT
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Post by SteveT on Dec 14, 2015 8:38:12 GMT
Think I'll give that one a miss.........well at least until I know what the issue is with the demolition company. My guess is that the developers need funds to pay them and progress the construction, hence the need for the loan.
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Post by highlandtiger on Dec 14, 2015 8:48:30 GMT
Think I'll give that one a miss.........well at least until I know what the issue is with the demolition company. My guess is that the developers need funds to pay them and progress the construction, hence the need for the loan. My thoughts too. But with the developer already having a loan with SS on another project, and seemingly having a poor reputation in the area, I worry if they have bitten off more than they can chew with too many projects going on, with no money in the bank so to speak. Looking around it seems they have been suffering cash flow problems since Jan 2014 at least. Now that is a worry. Just got round to reading that Skyscraper forum about the company....all I can say is, why the heck is SS getting involved with them. Things are rarely built by the company and when they are it is often of poor quality. The SS loans run for one year, and it appears the company has very little working capital, are we expected to believe they can build and sell within a year. Because if they don't, how will they repay the loan. Or are they thinking , "hey I've got another piece of land, we'll chuck that on SS, and use that loan to pay back the first one etc etc etc. Definitely no H*** for me....... 
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Post by dodgeydave on Dec 14, 2015 9:17:56 GMT
If i have read the valuation document correctly.
Page 6 states that planning permission expired on the 3/12/2015
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Post by dodgeydave on Dec 14, 2015 9:23:33 GMT
Think I'll give that one a miss.........well at least until I know what the issue is with the demolition company. My guess is that the developers need funds to pay them and progress the construction, hence the need for the loan. Check this out and i think it makes clear why the demolition contractors left site . www.skyscrapercity.com/
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Post by xyon100 on Dec 14, 2015 9:43:21 GMT
I can't see the relevant info/thread?
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Post by dodgeydave on Dec 14, 2015 9:52:23 GMT
Type in the mill name in the search section
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ablender
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Post by ablender on Dec 14, 2015 9:54:08 GMT
My thoughts too. But with the developer already having a loan with SS on another project, Which one, please?
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Post by dodgeydave on Dec 14, 2015 10:01:40 GMT
My thoughts too. But with the developer already having a loan with SS on another project, Which one, please? PBL054
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