metoo
Member of DD Central
Posts: 555 
Likes: 432
|
Post by metoo on Dec 31, 2015 15:06:33 GMT
Point taken, nick, but I think it is already 'game over'. Perhaps, but have Faith Chum. Edit: I tapped "like" but on this one it was a (possibly Freudian) fat finger. I don't really like the thought, let's hope that spring will come.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Dec 31, 2015 15:18:24 GMT
Point taken, nick, but I think it is already 'game over'. Perhaps, but have faith chum. Edit: I tapped "like" but on this one it was a (possibly Freudian) fat finger. I don't really like the thought, let's hope that spring will come. I think I appreciate that but I have never been tapped by a Freudian fat finger before. If you tap it again with a normal finger it should remove the like - or it does when I have liked my own post by mistake. There I have done it for you; not sure how I did that.
|
|
metoo
Member of DD Central
Posts: 555
Likes: 432
|
Post by metoo on Dec 31, 2015 15:37:13 GMT
Perhaps, but have faith chum. Edit: I tapped "like" but on this one it was a (possibly Freudian) fat finger. I don't really like the thought, let's hope that spring will come. I think I appreciate that but I have never been tapped by a Freudian fat finger before. If you tap it again with a normal finger it should remove the like - or it does when I have liked my own post by mistake. Thanks, I tapped it again and it went away. I hadn't dared tap "like" twice. If only it were so easy to fix Famine of Cashback.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Dec 31, 2015 16:21:34 GMT
I think I appreciate that but I have never been tapped by a Freudian fat finger before. If you tap it again with a normal finger it should remove the like - or it does when I have liked my own post by mistake. Thanks, I tapped it again and it went away. I hadn't dared tap "like" twice. If only it were so easy to fix Famine of Cashback. So it was you withdrawing your like at the same time as I tapped it. I can take it! ...sniffle.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jan 1, 2016 11:13:31 GMT
The PM is now completely empty again so it will be interesting to see whether Autobid now reverts to ignoring the SM too this weekend. My par sales last night were spectacular (possibly an all-time record) and I'm hoping someone forgot to kick the Autobid lever to OFF before they left the office ...
|
|
acky
Posts: 481
Likes: 262
|
Post by acky on Jan 1, 2016 14:34:14 GMT
The PM is now completely empty again so it will be interesting to see whether Autobid now reverts to ignoring the SM too this weekend. My par sales last night were spectacular (possibly an all-time record) and I'm hoping someone forgot to kick the Autobid lever to OFF before they left the office ... Yes, very high overnight AutoBuying and a lot more during the day so far. But AutoBulge is really flush with cash having collected 2 or 3 days' worth overnight (at least £825k) and having nothing to bid on the PM except polishing off one loan this morning.
|
|
acky
Posts: 481
Likes: 262
|
Post by acky on Jan 2, 2016 7:09:41 GMT
Autobinge active on the SM again overnight - not quite the level of yesterday but still exceptionally high for a weekend, after what for me was another record day's sales yesterday in terms of % of what I had for sale. With the empty PM board, FC clearly realise they can't throttle AB on the SM like they did over Xmas and maintain any semblance of keeping Autobodgers invested. After a pedestrian start, across the whole Xmas/New Year period, I probably sold more property at par than I expected (and given the lack of re-investment opportunity, probably more than I wanted).
The disappointment for me has been SME premium sales where I had expected more movement in the market enabling me to offload most of my ageing SME stock at improved prices. Excluding A+ (where erosion of property discounts have moved rates down), the number of parts on sale is down 21% compared to 22nd December but rates have fallen only marginally. I've therefore sold much less SME stock than I had hoped. I am surprised that, more than 3 months after the introduction of fixed rates, there are still so many parts available at rates better than the current fixed rates.
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Jan 2, 2016 9:03:26 GMT
Autobid active for me, too, though not near best ever levels. Sales yesterday were good, but not as good as 31st, 30th or 23rd. Sales so far this morning okay.
SME sales have been good recently, but I have only recently started selling these loans so I have little to compare with. I have sold many at a premium. The ones I want to sell, which I have for sale at a very small premium of 0.2% or 0.3% are not selling as well as I would like, but those offered at 1% - 1.8% premium are selling well.
|
|
|
|
Post by flx123 on Jan 2, 2016 9:27:44 GMT
SME sales have been good recently, ... I have sold many at a premium. The ones I want to sell, which I have for sale at a very small premium of 0.2% or 0.3% are not selling as well as I would like, but those offered at 1% - 1.8% premium are selling well. In that case, why don't you offer them all at 1% - 1.8% premium?? 
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jan 2, 2016 9:53:46 GMT
Autobid active for me, too, though not near best ever levels. Sales yesterday were good, but not as good as 31st, 30th or 23rd. Sales so far this morning okay. SME sales have been good recently, but I have only recently started selling these loans so I have little to compare with. I have sold many at a premium. The ones I want to sell, which I have for sale at a very small premium of 0.2% or 0.3% are not selling as well as I would like, but those offered at 1% - 1.8% premium are selling well. There are two distinct SME loanpart markets these days; newer fixed rate loans and older reverse auction loans. I've given up buying more than a nominal holding in fixed rate loans, and then only E, D and the occasional C, which I'll hold for 6 months and then exit at par (or a little better if possible). Other than the occasional large SME loan that's awarded 1%CB (and then flips very nicely), I see no value in trying to flip larger holdings of fixed rate loans for 0.3% less the 0.25% SM fee. On the other hand, my remaining stocks of older reverse auction loans are selling very nicely, most now commanding 2.5% - 3% premium. Some I'm even bending my rules for to hold a bit longer than 6 months until the Buyer Rate reduces below "bot bites your arm off" level.
|
|
|
|
Post by Deleted on Jan 2, 2016 10:05:20 GMT
Autobid active for me, too, though not near best ever levels. Sales yesterday were good, but not as good as 31st, 30th or 23rd. Sales so far this morning okay. SME sales have been good recently, but I have only recently started selling these loans so I have little to compare with. I have sold many at a premium. The ones I want to sell, which I have for sale at a very small premium of 0.2% or 0.3% are not selling as well as I would like, but those offered at 1% - 1.8% premium are selling well. There are two distinct SME loanpart markets these days; newer fixed rate loans and older reverse auction loans. I've given up buying more than a nominal holding in fixed rate loans, and then only E, D and the occasional C, which I'll hold for 6 months and then exit at par (or a little better if possible). Other than the occasional large SME loan that's awarded 1%CB (and then flips very nicely), I see no value in trying to flip larger holdings of fixed rate loans for 0.3% less the 0.25% SM fee. On the other hand, my remaining stocks of older reverse auction loans are selling very nicely, most now commanding 2.5% - 3% premium. Some I'm even bending my rules for to hold a bit longer than 6 months until the Buyer Rate reduces below "bot bites your arm off" level. It's all down to the final rate the buyer is getting. I have still some really old (and good) loans which where bought when the rates where almost constantly around 7% A, 8% B, 9% C. I put them at par and still don't sell (even in this period)! They are very good loans with a proven long history of payment (22-30 months of straight payments), but cannot compete rate-wise with the newer loans of the same class. So, it is very difficult to release them
|
|
|
|
Post by Deleted on Jan 2, 2016 10:16:01 GMT
Autobid active for me, too, though not near best ever levels. Sales yesterday were good, but not as good as 31st, 30th or 23rd. Sales so far this morning okay. SME sales have been good recently, but I have only recently started selling these loans so I have little to compare with. I have sold many at a premium. The ones I want to sell, which I have for sale at a very small premium of 0.2% or 0.3% are not selling as well as I would like, but those offered at 1% - 1.8% premium are selling well. Sales for Properties at par have been good for me in the last week, but not spectacular. I had 250 loan parts last week, almost all at 20 GBP (perhaps very few at 40 GBP) and all at par. I still have 216 parts available now. So 34 property loan parts sold at par in a week, i.e. 13.6% sold. On the SME side, not the very good movement I was expecting. Sold probably 5% of the loan slices on sale (almost exclusively E loans) with very little margin
|
|
|
|
Post by GSV3MIaC on Jan 2, 2016 11:28:27 GMT
Most Es are selling for 0.3% markup, so you won't get much more than that (but you got 18% interest in the meantime) .. a very few have sold at 0.8%-1% MU, but those were the very small ones where there were few parts for sale. So far they WILL always sell at par, when they become seriously elderly or dented (i.e. 2+ months?!).
Par property parts are moving again, so either FC unbunged something, or else the autobodge algorithm is something like "'accumulate £xm for PM purchases, and any excess can be spent on the SM", or "no autobodge user shall have more than one bid in stockpile at any time". It was definitely dead over a couple of Xmas days, but this weekend is different.
|
|
acky
Posts: 481
Likes: 262
|
Post by acky on Jan 2, 2016 13:15:49 GMT
Autobid active for me, too, though not near best ever levels. Sales yesterday were good, but not as good as 31st, 30th or 23rd. Sales so far this morning okay. SME sales have been good recently, but I have only recently started selling these loans so I have little to compare with. I have sold many at a premium. The ones I want to sell, which I have for sale at a very small premium of 0.2% or 0.3% are not selling as well as I would like, but those offered at 1% - 1.8% premium are selling well. Sales for Properties at par have been good for me in the last week, but not spectacular. I had 250 loan parts last week, almost all at 20 GBP (perhaps very few at 40 GBP) and all at par. I still have 216 parts available now. So 34 property loan parts sold at par in a week, i.e. 13.6% sold. On the SME side, not the very good movement I was expecting. Sold probably 5% of the loan slices on sale (almost exclusively E loans) with very little margin In general I don't think you can grumble at 13.6% in a week. But it really depends which loans you have - huge variations apply depending on how many parts are on the market, how flushed Autobodgers already are with the loan, etc. Yesterday, for example, I sold 45 parts in the same loan at par all to different buyers, whereas on many other loans I sold none.
|
|
guff
Posts: 730
Likes: 707
|
Post by guff on Jan 2, 2016 21:09:57 GMT
I've built up a decent range of loans over the last 18 months but due to Funting Carts pulling the plug on the auctions (oh how I miss the excitement of grabbing a slice of the action just before the end of the auction at 0.1-0.2% below maximum), I'm now concentrating on property loans with CB and have started to look into the SM to sell some older SMEs. This seemed like a good weekend to start, with no PM and the autobid slush fund building up nicely over the bank holiday.
[rhetorical mode]Do I take it that selling a D rating with a 3% premium (buyer rate 6.8%) within ten minutes is not the norm then? [/rhetorical mode]
|
|
