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Post by ladywhitenap on May 14, 2016 8:53:03 GMT
Looks like about 18% allocated on this one or 5.5x oversubscribed. I guessed at a factor of 4x
LW
Strangely no confirmation email yet?
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boble
Posts: 150 
Likes: 65
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Post by boble on May 14, 2016 9:03:04 GMT
I haven't received any allocation of this. Any else had a similar experience. I have received an allocation on Clitheroe.
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jcb208
Member of DD Central
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Likes: 638
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Post by jcb208 on May 14, 2016 9:05:16 GMT
I pre funded 4 times what I wanted and still did not get what I hoped for. 2100 investors in on this one
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Post by ladywhitenap on May 14, 2016 9:09:13 GMT
I haven't received any allocation of this. Any else had a similar experience. I have received an allocation on Clitheroe. My confirmation has only just arrived. Have you looked in your account to see if you have an allocation? LW
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kermie
Member of DD Central
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Likes: 462
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Post by kermie on May 14, 2016 9:11:24 GMT
I think we've hit new extremes in pre-funding levels. If memory serves me correct, then I got just over 12% of my allocation for PBL096.
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jcb208
Member of DD Central
Posts: 838
Likes: 638
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Post by jcb208 on May 14, 2016 9:15:06 GMT
I think we've hit new extremes in pre-funding levels. If memory serves me correct, then I got just over 12% of my allocation for PBL096. I agree it needs to change ,I am only following what the majority of investors are doing
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Post by earthbound on May 14, 2016 9:20:15 GMT
Be plenty on the SM shortly.... Patience.  |
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sam i am
Member of DD Central
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Likes: 555
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Post by sam i am on May 14, 2016 9:57:47 GMT
Held my nerve and went with my prediction. Added a zero to what I wanted on the prefund. 12.1% allocation = 8.25x subscribed. Got slightly over what I aimed for and happy I did - gave me more chance to sell out of some loans that may be repaying soon. After missing out a bit on Liverpool Waterfront, I'm happier this time around.
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boble
Posts: 150
Likes: 65
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Post by boble on May 14, 2016 9:59:42 GMT
Thankfully, My allocation has now arrived.
Regarding, over bidding, I think the only way of ensuring a more realistic level would be to limit pre funding bids to account credit balances. Of course, this would not suite many investors.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on May 14, 2016 10:01:50 GMT
Thankfully, My allocation has now arrived. Regarding, over bidding, I think the only way of ensuring a more realistic level would be to limit pre funding bids to account credit balances. Of course, this would not suite many investors. That's not a popular opinion Most investors like to diversify when a new loan goes live, so they resolve the negative balance by selling other (older & riskier) loans on to the SM.
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registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
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Post by registerme on May 14, 2016 11:12:21 GMT
It would be better all round if we returned to discussing PBL96.
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Post by mrclondon on May 14, 2016 18:29:56 GMT
Note to MODs It seems that harvey created a thread (Love ebbing away), but then posted on here on a similar subject and that subject has continued on this thread. Maybe it would be worthwhile to move these posts to the "Love ebbing away" thread?
I've now moved the majority of the discussion of the last few hours into the slightly renamed thread Love ebbing away (loan allocation concerns) as the discussion was more focussed on generalities of the prefunding process rather than PBL96 specific.
I've also deleted a number of posts which would be very hard to describe as "polite and constructive" discussion.
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Post by savingstream on May 17, 2016 15:29:59 GMT
We have completed on this loan.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 12, 2016 13:53:23 GMT
Last update says "New valuation and QS report instructed. We are considering providing the development finance."
Is the new valuation expected to be lower of higher than the original valuation?
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Nov 12, 2016 15:42:24 GMT
Last update says "New valuation and QS report instructed. We are considering providing the development finance." Is the new valuation expected to be lower of higher than the original valuation? If SS are considering providing the development finance, they need an opinion of the GDV and the cost to develop which, IIRC, they didn't request at the time of the initial valuation. They might not even ask for another valuation of the existing property. I'd have thought that would be useful to have, but I haven't a clue what effect that would have on the cost of the VR.
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