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Post by GSV3MIaC on Jan 11, 2016 8:52:38 GMT
Hmm, last night I shifted an unbelievable amount of Henley and Harley Street, both having been around for an age. I wonder if Fumbling Canines have unleashed something all of a sudden (or maybe the fact the loans had a payday on 11th is significant?).
I see that they did manage to shift the latest property loan with no CB - nearly 500k of it - obviously they have a lot more autobodge money (or dumb punters) than I was accounting for. 8<.
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treeman
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Post by treeman on Jan 11, 2016 11:19:20 GMT
Same here! All my Harley 1 and Henley 2 gone .... nowt from Henley 3 touched though, but that's due to pay on 13th if the paydate had any relevance.
Lack of new opportunity has obviously had the Manual Bidders trawling too. Quite a run on 5/6 month old SMEs over the weekend too - various sizes, all at premiums.
Just need some suitable new homes for the newly available..............
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sl75
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Post by sl75 on Jan 11, 2016 15:23:37 GMT
Hmm, last night I shifted an unbelievable amount of Henley and Harley Street, both having been around for an age. I wonder if Fumbling Canines have unleashed something all of a sudden (or maybe the fact the loans had a payday on 11th is significant?). I see that they did manage to shift the latest property loan with no CB - nearly 500k of it - obviously they have a lot more autobodge money (or dumb punters) than I was accounting for. 8<. In terms of global totals, I currently see fewer than 25000 loan parts (less than 500 pages of 50) available on the SM at or below par. This is less than two thirds of a similar total on Monday last week, which itself was about half the level I'd seen a month or two before that. Autobid may soon run out of things to buy!
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adrianc
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Post by adrianc on Jan 11, 2016 16:12:01 GMT
The par SM market is, of course, being squeezed from both sides by the slowness of the PM. Not only is AutoBodge rummaging even further down the barrel than normal, but I'm sure I'm not alone in having taken a lot of CB-stripped property off sale. There's no point shifting it, because there's nowt to replace it with and keeping hold of a secured 8% is actually about the best that's on offer. I've even bought a few bits at discount, just to mop up some of the loose cash that I CBA to withdraw.
Yet...
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Post by GSV3MIaC on Jan 15, 2016 10:28:40 GMT
Back to a trickle the last couple of nights, at least here - that may, of course, be because everyone now has everything (or at least everything I have for sale) .. or it may be they are trying hard to fill those large (and numerous) new A+ loans, sans Cashback.
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SteveT
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Post by SteveT on Jan 15, 2016 10:50:27 GMT
I presume that Fantasy Convictions' resolution for the New Year was "no more cashback". Hopefully, like all good New Year's resolutions, it will prove short-lived ...
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sl75
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Post by sl75 on Jan 15, 2016 12:57:54 GMT
Back to a trickle the last couple of nights, at least here - that may, of course, be because everyone now has everything (or at least everything I have for sale) .. or it may be they are trying hard to fill those large (and numerous) new A+ loans, sans Cashback. Overall total loan part trades per day seem fairly steady at about £300k per day. However, since Wednesday the total number of loan parts for sale at or below par has been increasing day-on-day (I think I saw it as low as 360 pages at one point, now back to about 410, having peaked even higher earlier today), suggesting loan parts offered for sale faster than they are purchased. Maybe some of the people who'd held off relisting parts for sale when there wasn't much in the PM have been listing them again now there's plenty to bid on, thus providing a wider variety of loans to buy on the SM, and diverting buyers' attention away from the loans that have been available all the time? Maybe some had been trying for a premium, and have now reverted to selling at par? The week-on-week trend is still firmly downwards though, and I'd expect a further significant reduction in loan parts potentially available to autobid users over the weekend.
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Post by GSV3MIaC on Jan 19, 2016 8:36:52 GMT
Nothing sold on the SM last night, despite there being no PM loans for autobodge to indulge in (except the one 500k property loan which it has already shot its bolt on)... or maybe repayments just didn't run?
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sl75
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Post by sl75 on Jan 19, 2016 10:04:35 GMT
Nothing sold on the SM last night, despite there being no PM loans for autobodge to indulge in (except the one 500k property loan which it has already shot its bolt on)... or maybe repayments just didn't run? Speak for yourself... I sold just over 1% by value (almost 1.5% numerically) of my remaining loan parts for sale this morning. Granted, this has been less than in recent days, but more than "nothing". Edit: I also note that the total number of loan parts on sale at or below par is now down to about 333 pages of 50, a decrease of about 28 pages (or around 1400 loan parts) since the 361 I'd noted yesterday afternoon. As always, it is unclear what proportion of this is from sales, and what proportion from loans being withdrawn from sale. I'm also unclear why you claim there are no other PM loans available to autobid - I can see 10 in total, and nobody outside FC knows for certain what proportion of the bids on them are from autobid and what proportion from manual and/or bot bidders... looking at the bidding on at least one of those suggests that autobid was still going strong during the wee small hours, presumably up until the point that it hit 50% of the loan amount.
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blender
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Post by blender on Jan 19, 2016 10:40:38 GMT
My experience the same as GSV. I have only 8% property parts for sale and sold one on each account out of over 500 parts - mostly £40.
I saw that Highbury 2 had its fourth night of Autobidders and put on 10% - it should get there tonight. But I think it only grew overnight (from 80% to 90%) because all the other loans were limited to 50% Autobid, as they will be tonight.
My suspicion is that the Autobid lever is hard over to the PM and that the idea is to get Highbury 2 to the finishing post without support. Maybe I am over-interpreting but Autobid purchases of the 8% parts are greatly down on what they were at the start of the month - when I had to de-list to avoid too many sales.
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SteveT
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Post by SteveT on Jan 19, 2016 10:47:40 GMT
Very similar story here. Only 2 parts sold of my much-depleted stock of property parts (around 300 left, down from 1000+ pre-Xmas). However I'm still getting some nice business at 2.5-3% premium on 6 month old A+/A/B/C loans at or around the 60 month fixed rates.
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bigfoot12
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Post by bigfoot12 on Jan 19, 2016 11:38:47 GMT
Same here nothing sold so far today from my property loans. Yesterday was okay, but the three days prior to that were awful as well. My premium SME loans are not selling as well as they used to, but perhaps I have have sold the most desirable.
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Post by GSV3MIaC on Jan 25, 2016 10:28:35 GMT
Par sales stopped again Sun/Mon .. I repeat my assertion that they are somehow directly tied to PM activity .. nothing on the PM for autobid to play with, then it buys nothing on the SM either (maybe there is some cap, or some manual override, since at Xmas it did, eventually, start into the SM again). Unless of course everyone else is selling like hotcakes .. ?
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bigfoot12
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Post by bigfoot12 on Jan 25, 2016 10:44:23 GMT
Yesterday's sales were okay by recent standards, nothing today.
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metoo
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Post by metoo on Jan 25, 2016 18:39:13 GMT
Par sales stopped again Sun/Mon .. I repeat my assertion that they are somehow directly tied to PM activity .. nothing on the PM for autobid to play with, then it buys nothing on the SM either (maybe there is some cap, or some manual override, since at Xmas it did, eventually, start into the SM again). Unless of course everyone else is selling like hotcakes .. ? Easier to control. The black box does not need to have any actual designed mechanism inside. Just a lever. But either way it seems to do roughly what you have observed. I would guess it's manual because it seems to be a bit erratic.
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