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Post by Deleted on Mar 19, 2016 16:41:49 GMT
I'm wondering how many will buy the new loans, leave selling other parts to the last minute, then have loan parts put back on the market because they can't sell the old loans in time.
Secondary Market is now full of parts, don't expect to sell quickly.
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SteveT
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Post by SteveT on Mar 19, 2016 16:49:39 GMT
I'm wondering how many will buy the new loans, leave selling other parts to the last minute, then have loan parts put back on the market because they can't sell the old loans in time. Secondary Market is now full of parts, don't expect to sell quickly. It depends what you are looking to sell. All of the parts I listed for sale this afternoon disappeared in seconds, but then they all had 150 - 250 days to run. Anyone looking to sell the very recent large loans or those that are shortly due / overdue for repayment may certainly find it takes a while.
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alanp
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Post by alanp on Mar 19, 2016 19:15:06 GMT
Is anyone else still struggling to but this one on the SM (getting stuck at Processing Investment)?
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sildenafil
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Post by sildenafil on Mar 19, 2016 23:50:03 GMT
Yep, seems there is still an issue trying to invest in this loan. PBL87 seems to be working fine though.
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duck
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Post by duck on Mar 20, 2016 6:32:34 GMT
I just tried a test purchase and the problem is still there, it will be 'interesting' to see if the aborted purchases are logged and eventually made ..... or if they have just spun out into the ether.
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Post by goldservice on Mar 20, 2016 8:15:21 GMT
Only 1084 lenders at launch I see that is now down to 1074. At this rate, there will be only one investor left by 5 July and they'll have a hell of an exposure. I don't want that to be me so I'm selling up ... 
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Post by highlandtiger on Mar 20, 2016 8:33:50 GMT
Only 1084 lenders at launch I see that is now down to 1074. At this rate, there will be only one investor left by 5 July and they'll have a hell of an exposure. I don't want that to be me so I'm selling up ... Well unless that imaginary investor intends to buy up over £3m of the loan just for him/herself, the loan will still be in the hands of the investors who cannot sell the loan on the SM. I think you'll find those missing 10 people are the ones currently earning zero interest on this loan who are trying to offload their over gamed allocation. Once you put a loan on the SM you are not classed as an investor and the numbers drop on the investor total. Currently if nothing sells on all of the SM today, SS will have saved about £500 in interest payments. Thats a nice boost for their office tea and biscuit fund. 
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Post by caveman38 on Mar 20, 2016 8:52:37 GMT
As a newbie I have a question. Is it correct that you cannot sell on holdings on SM till the loan is fully subscribed. Was this loan fully subscribed and now some investors are trying to sell back parts?
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Post by goldservice on Mar 20, 2016 8:56:29 GMT
I see that is now down to 1074. At this rate, there will be only one investor left by 5 July and they'll have a hell of an exposure. I don't want that to be me so I'm selling up ... Well unless that imaginary investor intends to buy up over £3m of the loan just for him/herself, the loan will still be in the hands of the investors who cannot sell the loan on the SM. I think you'll find those missing 10 people are the ones currently earning zero interest on this loan who are trying to offload their over gamed allocation. Once you put a loan on the SM you are not classed as an investor and the numbers drop on the investor total. Currently if nothing sells on all of the SM today, SS will have saved about £500 in interest payments. Thats a nice boost for their office tea and biscuit fund. I had thought that an overhung investor who is selling only his overhang would still be counted as an investor and would still earn interest on the part not being sold?
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Post by supernumerary on Mar 20, 2016 9:10:25 GMT
As of 9:10 am approx. Sunday, 20th March 2016;
6,879 Saving Stream investors on the website.
PBL087 - Unit 3, Wolsey Business Park, Watford, Herts
£501,163 remaining
INVESTORS SO FAR 1137
PBL088 - Unit 4, Wolsey Business Park, Watford, Herts
£555,261 remaining
INVESTORS SO FAR 1074
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jonah
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Post by jonah on Mar 20, 2016 9:10:58 GMT
As a newbie I have a question. Is it correct that you cannot sell on holdings on SM till the loan is fully subscribed. Was this loan fully subscribed and now some investors are trying to sell back parts? You are not correct. MT works like that, SS doesn't. You can list parts for sale at any point but they may take a while to actually be sold. On SS you don't earn interest on parts waiting to be bought. If SS is selling any underwriters parts any retail lenders parts, e.g. You and I, would go ahead of the underwriters parts in the queue. Short of trying to sell something though, the different part types can't be distinguished.
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star dust
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Post by star dust on Mar 20, 2016 9:37:59 GMT
At the moment the sales Q on PBL 088 is only growing as savingstream seem to have a technical hitch that is preventing anyone from buying it. Rumour has it that the technical issue is also spreading to other loans - PBL 027. |
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adrianc
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Post by adrianc on Mar 20, 2016 10:10:54 GMT
At the moment the sales Q on PBL 088 is only growing as savingstream seem to have a technical hitch that is preventing anyone from buying it. Rumour has it that the technical issue is also spreading to other loans - PBL 027. I wonder if the loan part numbers have grown to hit a threshold in the software. Was it OG who had a secret page to see what was on the market?
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Investor
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Post by Investor on Mar 20, 2016 10:20:34 GMT
At the moment the sales Q on PBL 088 is only growing as savingstream seem to have a technical hitch that is preventing anyone from buying it. Rumour has it that the technical issue is also spreading to other loans - PBL 027. I wonder if the loan part numbers have grown to hit a threshold in the software. Was it OG who had a secret page to see what was on the market? Think it was GSV3MIaC . It looks to me that since savingstream used the word Saga in a post, oldgrumpy appears to have gone on his holidays
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Post by GSV3MIaC on Mar 20, 2016 10:27:49 GMT
t'was indeed me, and not all that secret since it has been posted here several times. you can see sold, selling, live, and all, parts in any loan. As long as you are properly logged out at the time. here you go, in case you can't work search .. savingstream.co.uk/_fragments/Loan/UserLoanParts?loan=182&view=livereplace 182 with the loan number, and 'live' with 'selling' 'sold' or leave blank for all parts |
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