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Post by supernumerary on Feb 8, 2016 13:26:44 GMT
Make of it as you will, but an up-vote from Saving Stream is worth noting...  Attachments:
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Investor
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Post by Investor on Feb 8, 2016 13:30:39 GMT
The Wolsey Business Park loans are flying through legals. We should have the valuation at the end of the week and completion early next week. The bottleneck in the pipeline is easing. Would this be both loans at the same time? Unit 3 @ £3 million. Unit 4 @ £5 million. If so, that will certainly absorb a lot of p2p investors money and stir the secondary market up... Going to be a very interesting launch, I have a feeling these could easily stall without CB from SS. I think these will be the first ones where SS finally get an understanding of what the outcome of their recent changes will have made. Might be worth noting that 37 of the existing 54 loans (69%) are sub 1 million and as such if this continues the larger investors will be getting investments in the £180-£300 region on 69% of their loan book. How much they are willing to change their diversification strategy on the remaining 31% of the >1m to assist SS in funding the bigger loans is yet to be seen, however this launch will be a good indication. Are those investors willing to hold such small amounts in the majority of loans, and still take a larger positions in the larger loans where the risks (a) (default - provision fund coverage) and (b) (liquidity - SM resale) will be so much higher. Will await the first small investor moaning when a loan doesn't fill because the larger investors have diverted funds to other platforms. You may also find this explains why some £180's of today's loan are coming up on the SM. To a larger investor this is shrapnel and they are unlikely to want to hold it in their loan book. It's all simple scale and if the smaller investors could appreciate why they would not keep a loan for £0.79p in their loan book then they will equally understand why some investors would feel exactly the same with a £180 loan.
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SteveT
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Post by SteveT on Feb 8, 2016 13:35:31 GMT
Would this be both loans at the same time? Unit 3 @ £3 million. Unit 4 @ £5 million. If so, that will certainly absorb a lot of p2p investors money and stir the secondary market up... Going to be a very interesting launch, I have a feeling these could easily stall without CB from SS. I think these will be the first ones where SS finally get an understanding of what the outcome of their recent changes will have made. Might be worth noting that 37 of the existing 54 loans (69%) are sub 1 million and as such if this continues the larger investors will be getting investments in the £180-£300 region on 69% of their loan book. How much they are willing to change their diversification strategy on the remaining 31% of the >1m to assist SS in funding the bigger loans is yet to be seen, however this launch will be a good indication. Are those investors willing to hold such small amounts in the majority of loans, and still take a larger positions in the larger loans where the risks (a) (default - provision fund coverage) and (b) (liquidity - SM resale) will be so much higher. Will await the first small investor moaning when a loan doesn't fill because the larger investors have diverted funds to other platforms. You may also find this explains why some £180's of today's loan are coming up on the SM. To a larger investor this is shrapnel and they are unlikely to want to hold it in their loan book. It's all simple scale and if the smaller investors could appreciate why they would not keep a loan for £0.79p in their loan book then they will equally understand why some investors would feel exactly the same with a £180 loan. I think that's wishful thinking. My prediction is £3m loan will fill completely through pre-funding (I reckon we'll get 85 - 95% of targets) and the £5m loan will have no more than £2m available at launch, which will likely be taken up within a few days. Only if other large loans start appearing at the same time will there be any lengthy overhang.
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mikes1531
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Post by mikes1531 on Feb 8, 2016 13:47:23 GMT
This one probably had less investors (wonder why?) A bit fewer, but really inconsequential -- 1770 vs. 1822 at the moment.
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Investor
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Post by Investor on Feb 8, 2016 13:48:27 GMT
Will be interesting to see SteveT. Would you still hold the same belief if you thought this was a single 8m loan to a single borrower?  Will certainly be interesting to see if investors treat the loans this way as we also have 8m in fields coming up soon. |
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Post by ogwellian on Feb 8, 2016 13:52:18 GMT
I had £480 sitting in my account to be filled and set the pre-fund to £500 each. Got £180 on 75, so increased 76 to £700 and got £270 so only £30 short of target. Quite pleased.
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mikeh
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Post by mikeh on Feb 8, 2016 13:54:54 GMT
This one probably had less investors (wonder why?) Because it's land?
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SteveT
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Post by SteveT on Feb 8, 2016 13:57:38 GMT
Will be interesting to see SteveT . Would you still hold the same belief if you thought this was a single 8m loan to a single borrower? Will certainly be interesting to see if investors treat the loans this way as we also have 8m in fields coming up soon. Not really comparable as these are separate units in a decent location (I know the area pretty well). If it was a single £8m loan then it would clearly take a bit longer to fill but I don't envisage CB being needed to fill a loan of that size unless others launch in close proximity.
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mikes1531
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Post by mikes1531 on Feb 8, 2016 14:08:36 GMT
Obviously they changed the rounding this time (last time they worked to the nearest £100, this time it looks like £10 or maybe £20). : It isn't obvious to me at all. After the PBL074 allocation, SS said... We rounded down from c £310 each to £300 each investor as most people like round numbers. The £8300 was the surplus of c1300 investors x c£8 each. Everyone got £300 if they asked for more than that... The £8300 'leftover' divided among 1300 investors would have been about £6.40 each, so the maximum allocation would have been £306.40, or probably more like £308.30 if only 1000 of the 1300 had asked for more than £100. So it looks to me like they rounded down to the next £10 last time as well.
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davex
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Post by davex on Feb 8, 2016 14:19:38 GMT
£800 sitting in my account, waiting for PBL75, got £180. Quite dissapointing tbh. Despite wanting to invest a large 5 figure sum across SS am struggling to get anyhing decent. Pre-funding allocations are low, and the SM is practically useless to me; can never get the box ticked before someone has beaten me to it.
So maybe put it all into the fields? Not great for diversification.
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Post by Financial Thing on Feb 8, 2016 15:18:32 GMT
Maybe they've got a "pre-fund" on all loans, then spit out if they don't want something. I just had a go at one. Clicked within a half second of the thing appearing on screen ..... all gone .... didn't even get as far as "are you a bot?" No living person could have gone through the motions to buy it in that time, so either the bots have cracked the system, or (more likely) someone else sees the offer before I do because of internet/computer download speeds etc. I don't think it's bots. All it would take is someone to run through the same motion as you 0.1 seconds faster than you, and they get the loan part. Gone are the good old days where you could actually buy SM SS pieces. But at least it's easy to sell.
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Post by GSV3MIaC on Feb 8, 2016 15:19:57 GMT
The £8300 'leftover' divided among 1300 investors would have been about £6.40 each, so the maximum allocation would have been £306.40, or probably more like £308.30 if only 1000 of the 1300 had asked for more than £100. So it looks to me like they rounded down to the next £10 last time as well. Ah, so it just happened to come out at a round £100 last time .. yep, I can believe that.
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ben
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Post by ben on Feb 8, 2016 15:25:55 GMT
£800 sitting in my account, waiting for PBL75, got £180. Quite dissapointing tbh. Despite wanting to invest a large 5 figure sum across SS am struggling to get anyhing decent. Pre-funding allocations are low, and the SM is practically useless to me; can never get the box ticked before someone has beaten me to it. So maybe put it all into the fields? Not great for diversification. January was slow unfortunately and these 2 loans were not large ones so nobody was going to get much, there is a few other big ones coming the last big one was just before Christmas and there was plenty of activity then. Unfortunately as on other sites you just have to be patient to build up the loans
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oldgrumpy
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Post by oldgrumpy on Feb 8, 2016 15:26:32 GMT
I just had a go at one. Clicked within a half second of the thing appearing on screen ..... all gone .... didn't even get as far as "are you a bot?" No living person could have gone through the motions to buy it in that time, so either the bots have cracked the system, or (more likely) someone else sees the offer before I do because of internet/computer download speeds etc. I don't think it's bots. All it would take is someone to run through the same motion as you 0.1 seconds faster than you, and they get the loan part. Gone are the good old days where you could actually buy SM SS pieces. But at least it's easy to sell. But they would also have to get through the next few clicks as well 0.1 secs faster than my first click. I did just one click in about 0.5 sec to get to the information that £0.00 was still available so wasn't even given the bot-check let alone the rest of the procedure.
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Post by wildlife2 on Feb 8, 2016 15:27:19 GMT
r*****0 is doing well today, they managed to snap up 2k pebble parts I just sold instantly. Must be one of those bots/cats cool-dude has been training
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