sam i am
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Post by sam i am on May 28, 2016 17:45:16 GMT
Isn't it traditional at this point to suggest that Liam and Tim have gone sailing...  Well, it is a sunny day. Well if they sail for another few hours we will all be able to use our May interest payments to cover the allocations on PBL101/102, instead of having to stump up real cash. Launching a loan on bank holiday Saturday was never the cleverest bit of scheduling .. even Scottish banks and Solicitors probably won't do anything until Tuesday (week and month unspecified). I wonder if they still have any suitable vessels on the books?? Can't we use May interest anyway? As far as I recall the first reminder email of the week is on Tuesday (having done so on a Saturday), so after a bank holiday they wouldn't chase until the Wednesday. OK, we would have to sit tight for an hour or two after the email until the interest came through but who hasn't done that before? And I bet the Savingstream boys are wondering what they could have done if Superyacht hadn't repaid. I'm sure they could have had a nice little trip round the Med looking for suitable purchasers...
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romy
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Post by romy on May 28, 2016 17:57:07 GMT
/mod hat off That's great, it means we have a choice of two unrelated lawyers if we need to evict the tenants. 8>. Plus of course Lendy's new Head of Legal, who is (according to the email) a property law expert. Never mind - looking on google earth there's yet another lawyer round the corner, almost in the back garden, so they can get in on the act too
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mikes1531
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Post by mikes1531 on May 28, 2016 17:57:58 GMT
... I'm gonna stick my neck out and say... PBL101 > £150 PBL102 > £100 I think £100 on both. I'll agree with £100 for PBL102, but £100 is too low for PBL101, as that would require over 3000 investors. I'll suggest £180 on the assumption that the PBL020 situation will put a few people off.
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tx
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Post by tx on May 28, 2016 18:22:36 GMT
Seems unlikely to go live today ... I'll check back after midnight.
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Post by harvey on May 28, 2016 21:20:36 GMT
I wonder if the fact this loan and another one didn't go live today like we were told they would has got anything to do with the default situation on the other loan. I was just reading up on some stuff about the default situation and some of the guys here think there could be some kind of legal problem following on from that and I wonder if that's the reason for these ones not going live. Having said that it has become the norm for loans not to happen when we were told they would. There's been several in the last couple of months when I've put my money in and expected some action and then it's been sitting there. That hasn't happened to me this time because I've still got a positive available balance from a couple of repayment and only getting small allocations in new ones because the pre funding had been gamed by a lot of people.
All Things Considered with what's going on at the moment I have to say my confidence isn't sky high with it all.
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tx
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Post by tx on May 28, 2016 21:34:12 GMT
I wonder if the fact this loan and another one didn't go live today like we were told they would has got anything to do with the default situation on the other loan. I was just reading up on some stuff about the default situation and some of the guys here think there could be some kind of legal problem following on from that and I wonder if that's the reason for these ones not going live. Having said that it has become the norm for loans not to happen when we were told they would. There's been several in the last couple of months when I've put my money in and expected some action and then it's been sitting there. That hasn't happened to me this time because I've still got a positive available balance from a couple of repayment and only getting small allocations in new ones because the pre funding had been gamed by a lot of people. All Things Considered with what's going on at the moment I have to say my confidence isn't sky high with it all. In fact I don't think the "pre-funding" being gamed would have any effect on the allocation size to each of us. It is simply a maximum coverage ratio who had expressed interest. If any of them put it up for sale before funding it as suggested in SS notification email, that's the same as if they had funded it before selling. I don't really see the difference. Besides all the new loans are massively oversubscribed anyway.
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Post by earthbound on May 28, 2016 21:37:41 GMT
All Things Considered with what's going on at the moment I have to say my confidence isn't sky high with it all. hi harvey i can understand your sentiment at the moment with regard to pbl020 , wouldn't pay too much attention to it at the moment, SS seem to have things under control and IMO all will be ok, PF may need to come into action, but not a lot to worry about. (edit.. at the moment)
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Post by earthbound on May 28, 2016 22:23:19 GMT
am i being pessimistic? why would both Glasgow loans not launch?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 28, 2016 22:30:54 GMT
am i being pessimistic? why would both Glasgow loans not launch? ... because they forgot... or maybe they didn't find time over a bank holiday weekend to press the necessary buttons... or maybe there has been an alien attack on Portsmouth and the government have demanded that the press not report on it so that the public don't panic... Who knows Problem is SS don't seem to keep us informed anymore; loans have been published late recently, with no explanation provided by SS. I suppose we should take that text at the bottom of the e-mail (N.B. We reserve the right to cancel or extend this go live date if required) quite literally 
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Post by earthbound on May 28, 2016 22:38:54 GMT
am i being pessimistic? why would both Glasgow loans not launch? ... because they forgot... or maybe they didn't find time over a bank holiday weekend to press the necessary buttons... or maybe there has been an alien attack on Portsmouth and the government have demanded that the press not report on it so that the public don't panic... Who knows Hee hee thats the second belly laugh tonight, ta, have a beer on me, run out of bottles so its a tinny. 
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dovap
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Post by dovap on May 28, 2016 22:45:21 GMT
maybe they all went for a bbq at the house with no internet.
wonder how quickly the part-time lawyer/developer can sort the lawyers squatting to crack on with the development/exit strategy?
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Post by Deleted on May 29, 2016 0:08:04 GMT
am i being pessimistic? why would both Glasgow loans not launch? be calm. Both loans are from the same person and are quite small, so it is likely they will be launched together. Probably SS had enough money to advance them both and is waiting a bit longer to save on interests to members... Or maybe tim and liam travelled to Midhurst to plant a SS operating tent in the newly acquired (defaulted) Garden Centre...
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mikes1531
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Post by mikes1531 on May 29, 2016 2:41:00 GMT
In fact I don't think the "pre-funding" being gamed would have any effect on the allocation size to each of us. With loans larger than £1M, it all depends on whether everyone is gaming their PR requests. If everyone asked for five times what they wanted the allocations would be the same as if everyone asked for exactly what they wanted. But if everyone except you asked for five times what they wanted and you asked for exactly what you wanted you'd be allocated just 20% of what you would have been allocated if you asked for five times what you wanted just like everyone else had done. For loans smaller than £1M, inflating PF requests would have minimal effect.
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Post by chrisj on May 29, 2016 8:31:20 GMT
So what I am getting from this topic; my pre-funding of £5k on each is optimistic at best.
I have been with SS a little over a month now and in that time I have managed to get £25k invested across various loans mostly thanks to other people "gaming" I had been working night shift which allowed me to be online just after mid-night and picked up quite a bit there. Now that I am on days and unlikely to go back to nights I am relying on pre-funding alone. I intend to pump another £10k in over the next few weeks. Longer term I wish to invest £1K a month. Is this a realistic target or should I consider other investments?
Sorry for hi-jacking this topic but I got side tracked and didn’t think my question was worth its on topic.
Apologies if I am mistaken.
Chris.
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Post by Deleted on May 29, 2016 8:38:47 GMT
So what I am getting from this topic; my pre-funding of £5k on each is optimistic at best. I have been with SS a little over a month now and in that time I have managed to get £25k invested across various loans mostly thanks to other people "gaming" I had been working night shift which allowed me to be online just after mid-night and picked up quite a bit there. Now that I am on days and unlikely to go back to nights I am relying on pre-funding alone. I intend to pump another £10k in over the next few weeks. Longer term I wish to invest £1K a month. Is this a realistic target or should I consider other investments? Sorry for hi-jacking this topic but I got side tracked and didn’t think my question was worth its on topic. Apologies if I am mistaken. Chris. Difficult to think you will get more than 300 GBP for each of these two loans (101+102). But other larger loans are on the pipeline, so it is possible to get something else invested there. Of course I would use and monitor the SM. Yes there is competition, but I see a lot of good value been sold there all the time (specially nightime), I believe for diversification mainly or risk control by other lenders. So a bit of sacrifice and attention maybe during bank holidays around midnight and you will easily invest everything.
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