mikes1531
Member of DD Central
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Post by mikes1531 on Mar 9, 2016 14:23:28 GMT
I think that I saw a comment that it was £90,000 undersubscribed, in which case the rest is people who over-prefunded trying to get rid of the surplus. There has also appeared £80k of Kintyre, £170k of Bedfordshire, and £175k of assorted other loans, which may well represent people trying to free up funds for their subscription. (I'm not counting the £35k in the other Huddersfield loan, as some lenders replacing that by this could have been expected.) So the real shortfall might have been nearer £800k. Like adrianc , I put in a pre-fund and am selling other parts I've been holding to pay for my new investment. IMHO, that's the best way to diversify. I would not put that in the category of undersubscription. I believe the comment about the loan being £90k undersubscribed is based on the observation that there was about £90k for sale very soon after the initial allocation was made. But there's really no reason to believe that the £90k is all that SS were left holding. On many occasions in the past -- mainly before pre-funding was introduced and demand had increased to the point where any loan would be fully funded very quickly -- SS did not release all of a loan for investment in the beginning. Instead, they kept drip-feeding chunks of the loan out to investors as the amount available got low. That may not be being completely open and transparent, but it is a good marketing technique, as people are naturally more willing to commit to buy now something they think is in short supply and may become unavailable soon. If there's a big supply of anything the need to buy now is significantly reduced. In this case, the amount available increased to nearly £300k a little while after the loan first appeared on the SM. The message from t ... ... I put a couple of grand for sale when there was about 200k for sale and mine sold quite quick so would say that the 200 was still in the hands of ss ... suggests the extra did indeed come from a further release by SS, so I would suggest that the underfunding was in excess of £300k. No doubt there are people over on the PBL085 thread who are monitoring the amounts on the SM in an attempt to estimate the overfunding more accurately.
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Post by supernumerary on Mar 9, 2016 14:24:45 GMT
I just want to make informed decisions and the lack of this specific information concerns me - obviously it is up to SS to operate their business as they see fit but I don't see why you would insult me for asking a question
Please stop panicking and chill... 
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sl75
Posts: 2,092 
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Post by sl75 on Mar 9, 2016 15:12:53 GMT
In this case, the amount available increased to nearly £300k a little while after the loan first appeared on the SM. The message from t ... ... I put a couple of grand for sale when there was about 200k for sale and mine sold quite quick so would say that the 200 was still in the hands of ss ... suggests the extra did indeed come from a further release by SS, so I would suggest that the underfunding was in excess of £300k. No doubt there are people over on the PBL085 thread who are monitoring the amounts on the SM in an attempt to estimate the overfunding more accurately. Just imported the "leaky" data into excel (details of all live, sold and selling parts of this loan). It looks like there are about £4.232M of live loan parts plus £0.182M of "selling" loan parts, but at the time I took my snapshots, a £75k one was 43.2% sold, so there's only really £0.15M still for sale. Adding to the live parts, that makes about £4.382M, so that suggests about £4.5M - £4.382M = £118k of the loan that was not funded (some error in this figure, as the snapshots were not generated at an identical time). That also roughly agrees with the difference between the loan parts shown for sale at savingstream.co.uk/_fragments/Loan/UserLoanParts?loan=184&view=selling [Edit: note that as the other pages GSV... discovered, this only shows details of ALL users' loan parts being sold if you are logged out, or use a different browser] and the total shown as available on the available loans page... similarly adjusting for the unsold portion of the £75k loan part currently being sold, that suggests the non-allocated portion of the loan is about £112k. In the meantime, after the initial allocation, a further £278k of loan parts had been purchased (that figure will be higher now, as I've seen the numbers change by over £10k since starting this post, and don't care to go back and re-analyse). At the time of my snapshot that was about £246k of completely sold loan parts, plus a further £32k from the sold portion of the £75k loan part. Digging further into the data suggests that £3.953M of the original allocations have been retained by the original owners, and £19k of loan parts were sold in their entirety, with the remaining sales being of split loan parts (or loan parts being sold immediately after purchasing on the SM which would seem a little bizarre, but no way to tell the difference). In particular one successful sale was of £110k, and was not a full original allocation (presumably a very big hitter who didn't want the whole of their very large pre-funding request), and the £75k currently being sold also appears to be a non-original loan part (more likely a split generated on sale, rather than a second-hand one, but you never know). It looks like even this loan is being sold pretty quickly - the total available will fluctuate up and down depending on the relative speed at which people are putting more parts up for sale or buying parts offered, but it's already cycled round the queue more than once.
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