SteveT
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Post by SteveT on Mar 12, 2016 15:33:17 GMT
A new investor on SS and first poster on the forum, hi. A couple of questions if anyone can help please. On the SS platform. On investor activity - is that always buys or sell parts too. Why do small transactions ie. 1p, 50p appear, and,. Does the SM have a separate tab somewhere or are monies available on SM those monies still available in Live Loans. Welcome on board! The investor activity lists only show purchases. The small ones are simply small purchases (you can buy and sell as little as 1p, eg. if you've interest to reinvest). There isn't really an SM, just an overall M, despite us always referring to any availability of existing loans as the SM and the allocation of new loans as the PM.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2016 15:37:48 GMT
A new investor on SS and first poster on the forum, hi. A couple of questions if anyone can help please. On the SS platform. On investor activity - is that always buys or sell parts too. Why do small transactions ie. 1p, 50p appear, and,. Does the SM have a separate tab somewhere or are monies available on SM those monies still available in Live Loans. In addition to Steve's answer. Small purchases tend to arise because the market doesnt show the pence for sums of £ 3 figures. So if somebody lists £100.50 for sale it will only show as £ 100 and when somebody buys the visible £100 it leaves the 50p on the market to be mopped up by someone else
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Post by GSV3MIaC on Mar 12, 2016 15:50:25 GMT
Actually I believe it rounds, rather than truncates, so £100.50 will maybe show as £101? ISTR that selling X+ >=50p rarely leaves you wit the pence, whereas, as you say, selling x+ <50p almost always does.
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Post by caveman38 on Mar 12, 2016 15:58:04 GMT
Thanks for the prompt replies. I cannot believe how active the market is today re. picking up pieces on the SM. Is Saturday a busy day or is it always like this. Are investors in need of cash at weekends or are they releasing monies having found better opportunities. When committing money to pipeline loans, is there any way of seeing the general interest from other investors.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 12, 2016 16:00:55 GMT
Thanks for the prompt replies. I cannot believe how active the market is today re. picking up pieces on the SM. Is Saturday a busy day or is it always like this. Are investors in need of cash at weekends or are they releasing monies having found better opportunities. When committing money to pipeline loans, is there any way of seeing the general interest from other investors. The SM has looked like that for a couple of days because a lot of large loans have hit the market on SS recently. This has caused the SM to stagnate slightly. As a new investor in SS you're lucky; up until a couple of weeks ago, the SM was VERY liquid; it was fastest finger first with many complaining that it was impossible to invest via the SM! There is no way to tell how many people, and what amount has been pre-funded on the pre-fund loans. You can always look on this forum; new pre-fund loans are discussed in detail. Always do DD in the loans that you are investing in! 
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adrianc
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Post by adrianc on Mar 12, 2016 16:07:40 GMT
I cannot believe how active the market is today re. picking up pieces on the SM. Is Saturday a busy day or is it always like this. There's never normally this much available! It's slow at the moment, after several big launches in the last few weeks. No - and, even if there was, it'd be changing rapidly right up until the moment the loan was launched anyway. You can make educated guesses at the way it's going to be scaled, though. Roughly... <£1m loan - you're going to get what you're given, and everybody will get the same. £1m-100% demand met - you'll get a %age of what you asked for, depending on how hard it's been gamed, and how short the supply is to the demand. Your guess is as good as ours. 100%+ demand met - you'll get what you asked for. I hope you didn't ask for more than you really wanted...? That 100% demand point is fluid - have a look at the list compiled by investor to see if you can discern a pattern... At the moment, I'd say that about £4m was a realistic 100% point, but it'll vary depending on when the last launches were, when the last interest-payments were, when the last loan repayments were, state of the SM, etc etc.
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Post by caveman38 on Mar 12, 2016 16:19:32 GMT
Thanks again. One more question and then I'll leave you alone. I cannot get my head around the situation with PBL025 - Development land, Block B, Huddersfield. The platform shows money available, but it also shows that it is 17 days late. Does that mean it's in default or 17 days late going into drawdown. If it's a default, why then are investors still committing to it. I mention this particular loan as it exists today but it is most probably a situation that arises more often
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Post by GSV3MIaC on Mar 12, 2016 16:25:15 GMT
It's just not been repaid when it said it would be .. there are a lot on the platform like that, many of them are actually under the old T&Cs, and are thus loans to Lendy rather than direct to the borrower. Read ilmoro 's excellent summary : p2pindependentforum.com/thread/2635/savingstream-list-loan-updates?page=1. Most folks are pretty relaxed about loans not paid when they should have been , as long as the interest keeps coming and/or they can still be sold. |
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adrianc
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Post by adrianc on Mar 12, 2016 16:35:04 GMT
Thanks again. One more question and then I'll leave you alone. I cannot get my head around the situation with PBL025 - Development land, Block B, Huddersfield. The platform shows money available, but it also shows that it is 17 days late. Does that mean it's in default or 17 days late going into drawdown. If it's a default, why then are investors still committing to it. I mention this particular loan as it exists today but it is most probably a situation that arises more often Only -17? It's an amateur! savingstream.co.uk/loans/liveMost overdue currently is 36, at -107 days. If only you'd been looking last week, though... I can't remember how old That Damned Boat or That Damned Bungalow were, but they must've been approaching -200. Treat days remaining as a guide, no more, and watch the updates for each loan.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2016 16:36:00 GMT
Thanks again. One more question and then I'll leave you alone. I cannot get my head around the situation with PBL025 - Development land, Block B, Huddersfield. The platform shows money available, but it also shows that it is 17 days late. Does that mean it's in default or 17 days late going into drawdown. If it's a default, why then are investors still committing to it. I mention this particular loan as it exists today but it is most probably a situation that arises more often Passed redemption but not in default. Follow the link in my signature for details of loans and see first post in this thread - a FAQ which will answer this question
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2016 16:41:39 GMT
Cant claim that one. Investor@ is your man
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2016 16:49:32 GMT
Actually I believe it rounds, rather than truncates, so £100.50 will maybe show as £101? ISTR that selling X+ >=50p rarely leaves you wit the pence, whereas, as you sayg x+ <50p almost always does. True. Should have used a better example. Of course still possible theyll buy £100 which will leave the 50p and if they buy £101 & get £100.50 theyll possibly stick the 50p straight back again as it makes their portfolio untidy 
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Post by caveman38 on Mar 12, 2016 17:04:56 GMT
Since you guys are still around, I've another question. Re. PBL085 - Student accommodation block C, Huddersfield the loan is live with 362 days remaining although it is not in drawdown. How does that mean and if investing in that loan do you only earn interest once it is in drawdown. Sorry for what may seem silly questions. Thanks.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 12, 2016 17:09:33 GMT
Since you guysare still around, I've another question. Re. PBL085 - Student accommodation block C, Huddersfield the loan is live with 362 days remaining although it is not in drawdown. How does that mean and if investing in that loan do you only earn interest once it is in drawdown. Sorry for what may seem silly questions. Thanks. It means funds not yet released to borrower but loan start is calculated from date launched. Legacy of old system when you were lending to SS not borrower direct. SS cover interest if doesnt drawdown. You earn interest from when you invest. See first post in this thread Q2. Might need to add some more to it
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mikes1531
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Post by mikes1531 on Mar 12, 2016 17:36:00 GMT
<£1m loan - you're going to get what you're given, and everybody will get the same. The statement above is incomplete. The missing words are... ...unless you've asked for less than that, in which case you'll be given what you asked for. There have been roughly 1500 pre-funding requests for recent loans. Since some of them will be small, as a rough guide you can expect the maximum allocation to be about 0.1% of the loan. So a £300k loan might have a maximum allocation of £300/request, and a £800k loan might have a maximum allocation of £800/request. The relationship between maximum allocation and loan size won't be quite as linear as that, so it's more likely to be a bit smaller on small loans and a bit larger on large loans. I'd guess £200 on a £300k loan and £1000 on a £800k loan, but that's just a guess. And, as others have said, it will depend on when the piranhas had their last meal! 
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