pom
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Post by pom on Aug 8, 2016 13:39:19 GMT
I can't see the point of buyers' offers. The SM should be a shop window of shares for sale. IMO sellers' offers should be restricted to discounts only, to enable liquidity, no need for premiums. Keep it as simple as possible. Given how much of the expected return of a share is in the capital growth, I can certainly see a place for offering them on the SM at a premium. Let's say you need to sell after two years of an expected three year project. The value of the property rises by 15% over the three years. If you sell after two years at par, that's a 10% discount, effectively, because you're losing out on two-thirds of that capital growth. It'd make the SM a real bearpit, because everything for sale would be at a substantial discount to the real value (unless the value had fallen or merely stagnated). Yikes did it really take me that long to reply?  Again all really depends on how premiums/discounts end up being defined. And the gain isn't going to be linear, as most of it occurs the second we buy the property. But basically wot you said 
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littleoldlady
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Post by littleoldlady on Aug 8, 2016 21:34:59 GMT
I mentioned the ABL SM to them recently, sounds like they're only planning seller offers for now tho. Which is probably a good thing as it has the potential to end up even more complicated than ABL.. I can't see the point of buyers' offers. The SM should be a shop window of shares for sale. IMO sellers' offers should be restricted to discounts only, to enable liquidity, no need for premiums. Keep it as simple as possible. After reading pom and adrian I have changed my mind about premiums. That would be my view on the other p2p platforms I use where loan parts are the issue, but on PM where property shares are the product and we hope they will increase in value of course premiums would be reasonable. I am still doubtful of the value of buyers' offers but am prepared to listen to arguments.
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Neil_P2PBlog
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Post by Neil_P2PBlog on Aug 8, 2016 22:02:27 GMT
I can't see the point of buyers' offers. The SM should be a shop window of shares for sale. IMO sellers' offers should be restricted to discounts only, to enable liquidity, no need for premiums. Keep it as simple as possible. After reading pom and adrian I have changed my mind about premiums. That would be my view on the other p2p platforms I use where loan parts are the issue, but on PM where property shares are the product and we hope they will increase in value of course premiums would be reasonable. I am still doubtful of the value of buyers' offers but am prepared to listen to arguments. It is different, but if you compare it to something like betfair it is so useful to gauge the market from looking at the buy and sell orders on either side. I'm not sure how hard it would be to implement technically, but to get around the problem of money sitting on buy orders not earning interest you could do something like: Person A - £1000 in account Person A puts £500 on buy order on Property A Person A puts £600 on buy order on Property B Person A puts £1000 on buy order on Property C Person B sells £600 of property B to person A. Person A's orders now automatically change to: Person A has £400 on buy order on Property A Person A has £0 on buy order on Property B Person A has £400 on buy order on Property C
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ben
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Post by ben on Aug 9, 2016 7:00:06 GMT
They could have it so it was an offer, what you are willing to pay so you do not need to pay until the sale is agreed, saves having money sat around in account. The actual value will be pretty hard to calculate unless there is going to be a regular updated valuation like PP seem to do, although this could be expensive and personal not something I would be interested in as would add cost when have very little intention of using the secondary market.
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littleoldlady
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Post by littleoldlady on Aug 9, 2016 8:01:06 GMT
Determining value will be very difficult. An auction system might be best.
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pom
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Post by pom on Aug 9, 2016 10:25:32 GMT
Determining value will be very difficult. An auction system might be best. And that is why we're talking about buyers offers
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Neil_P2PBlog
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Post by Neil_P2PBlog on Sept 23, 2016 14:40:35 GMT
What is a good strategy once they release the SM? There is a chance that many people have been waiting to sell out of their holdings, so there could be a big oversupply in the early days and some good opportunities for buyers.. on the other hand it could be overhyped with newcomers looking to spread their investments across older properties. It will be hard to price each investment in the early days but could be a good opportunity for those that play it right?
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pom
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Post by pom on Sept 23, 2016 17:27:38 GMT
What is a good strategy once they release the SM? There is a chance that many people have been waiting to sell out of their holdings, so there could be a big oversupply in the early days and some good opportunities for buyers.. on the other hand it could be overhyped with newcomers looking to spread their investments across older properties. It will be hard to price each investment in the early days but could be a good opportunity for those that play it right? Bit early I think to talk about strategy when we don't yet know how it's going to be implemented! My biggest hope is that they manage to make it transparent enough that no-one gets their fingers burnt before they work out how it works! I'd like to thin out some of my earlier SPVs to try and bring their investment sizes in line with what I invest per property now, but as some of them will likely have less than a year to run by the time it goes live it may not be that successful.
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littleoldlady
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Post by littleoldlady on Sept 25, 2016 7:02:06 GMT
I'd like to thin out some of my earlier SPVs to try and bring their investment sizes in line with what I invest per property now, but as some of them will likely have less than a year to run by the time it goes live it may not be that successful. You might be pleasantly surprised. I, for one, have relatively short investment horizon so will be looking to pick up fairly priced short term deals. More and more of the new deals are for 3 years which does not suit me.
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ilmoro
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Post by ilmoro on Oct 3, 2016 20:55:45 GMT
SM is now live. No chance to poke about yet.
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littleoldlady
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Post by littleoldlady on Oct 3, 2016 21:17:02 GMT
SM is now live. No chance to poke about yet. Is it? I can't see it. How do you access it?
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ilmoro
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Post by ilmoro on Oct 3, 2016 21:34:00 GMT
SM is now live. No chance to poke about yet. Is it? I can't see it. How do you access it? click on your holdings and it says sell loan part, dont konw about buying yet. Have to be opted in after sending POA in. Did you get email?
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Neil_P2PBlog
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Post by Neil_P2PBlog on Oct 3, 2016 22:42:07 GMT
I've had no email about a secondary market, and had sent their customer support a couple of emails asking about it recently...
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ilmoro
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Post by ilmoro on Oct 3, 2016 23:21:10 GMT
Assume youve returned POA?
There doesnt appear to be any info on how it works, eg can you cancel? Ive looked at selling without actually listing. You can set whatever price you like for a share, 3000% premium for instance, Doesnt appear to be anything to buy and without knowing if you can cancel cant test list at silly price to see what happens. Will better look tomorrow.
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pom
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Post by pom on Oct 4, 2016 7:38:53 GMT
Assume youve returned POA? There doesnt appear to be any info on how it works, eg can you cancel? Ive looked at selling without actually listing. You can set whatever price you like for a share, 3000% premium for instance, Doesnt appear to be anything to buy and without knowing if you can cancel cant test list at silly price to see what happens. Will better look tomorrow. Listed shares get an edit and a bin icon
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