puffin
Member of DD Central
Posts: 87 
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Post by puffin on Jun 20, 2016 21:02:28 GMT
Ooof! Anybody seen the update email that's just gone out? Wow. Another £15m next week...? <blink> If they're happy with the SM now, they'll be delighted then! I really hope there's some juicy repayments coming... Remind me how long The Nine were visible in the pipeline? Or, indeed, the Luton/Manc triumvirate. The Anti-Hull...! I think we treat the visible pipeline as a nice hint of what might be coming, no more than that. So you're going for the 'other loans hanging around' option. After last week I was coming to the same conclusion. I'm guessing potential for similar means PBL116, PBL117, PBL118, <redacted link> and 'potentially' <redacted link>
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sam i am
Member of DD Central
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Post by sam i am on Jun 20, 2016 22:36:46 GMT
I'm guessing potential for similar means PBL116, PBL117, PBL118, <redacted link> and 'potentially' <redacted link> Arboretum is a DFL - so one would expect that the loan will be drip-fed to the market rather than released in one go.
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goopy
Member of DD Central
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Post by goopy on Jun 21, 2016 11:37:48 GMT
Still 1.46m on the SM and it's been around that for a couple of days. Maybe everyone is maxed out?
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goopy
Member of DD Central
Posts: 307
Likes: 144
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Post by goopy on Jun 21, 2016 13:37:06 GMT
Nearly 2m on now.....
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Post by robberbaron on Jun 21, 2016 14:21:01 GMT
The SM can never be balanced because it is not really a market. A market with a fixed price will always have either excess supply or excess demand. SS should allow lenders to sell at a discount (or premium) as this would provide much needed liquidity to satisfy both supply and demand.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787
Likes: 424
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Post by skippyonspeed on Jun 21, 2016 14:29:58 GMT
Could people be just waiting for Brexit result before committing any more cash
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goopy
Member of DD Central
Posts: 307
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Post by goopy on Jun 21, 2016 14:47:54 GMT
Could people be just waiting for Brexit result before committing any more cash I was thinking the same. I don't think there's anything wrong with the way the SM works as we know you will get times of feast and times of famine, everyone will be complaining about fast fingers in a couple of weeks.
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Post by robberbaron on Jun 21, 2016 16:37:11 GMT
Could people be just waiting for Brexit result before committing any more cash I was thinking the same. I don't think there's anything wrong with the way the SM works as we know you will get times of feast and times of famine, everyone will be complaining about fast fingers in a couple of weeks. This is as much a liquidity issue as the current situation. I also doubt people will be able to offload their PBL020 parts at face value even without Brexit.
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Post by earthbound on Jun 21, 2016 16:53:59 GMT
I was thinking the same. I don't think there's anything wrong with the way the SM works as we know you will get times of feast and times of famine, everyone will be complaining about fast fingers in a couple of weeks. This is as much a liquidity issue as the current situation. I also doubt people will be able to offload their PBL020 parts at face value even without Brexit. At the moment that is about right, but i think if you saw the historical sales of pbl020 since it defaulted, it might raise your eyebrows a bit, certainly did mine. 
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jun 21, 2016 18:27:22 GMT
The SM can never be balanced because it is not really a market. A market with a fixed price will always have either excess supply or excess demand. SS should allow lenders to sell at a discount (or premium) as this would provide much needed liquidity to satisfy both supply and demand. In principle I agree with that. My only reservation is that the two platforms that I use that introduced variable pricing both made a right pig's ear out of it, in different ways. If SS go down this route I hope they will work through the operation very carefully and hold some sort of trial.
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spyrogyra
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Post by spyrogyra on Jun 21, 2016 19:00:43 GMT
It will get messy. Do you want to invite hyenas like these at FC and fight them over every good loan?
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Post by geraldine1210 on Jun 21, 2016 19:04:44 GMT
It will get messy. Do you want to invite hyenas like these at FC and fight them over every good loan? I regret ever putting any money in FC. Tiny amount left in there, of which most is bad debt/heading for default.
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NSFW
Posts: 118
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Post by NSFW on Jun 21, 2016 19:07:46 GMT
It will get messy. Do you want to invite hyenas like these at FC and fight them over every good loan? Separate loan parts of varying amounts and varying premiums/discounts would literally be messy too.
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ben
Posts: 2,020
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Post by ben on Jun 21, 2016 19:30:02 GMT
The topic of setting premiums/discounts on loan parts has been discussed at length on numerous occasions since the SM was introduced, and the general consensus of opinion was/is that it works as it is. Naturally, you will always get the odd flipper who will disagree, but as spyrogyra has pointed out, battling for anything half-decent on FC can be a full-time vocation. Apart than for any other reason, Saving Stream have built a very successful model based upon straightforwardness and simplicity, and their current user interface does not lend itself to a variation of rates for the same investment, and would no doubt need a full ree - can't see that happening, personally. I be quite happy for discount only then people that want to sell for whatever reason can when the secondary market is busy this will stop the flippers and if people need to sell then they can.
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Post by robberbaron on Jun 21, 2016 20:09:22 GMT
This is not some kind of abstract theory. The whole bond market has worked this way for hundreds of years.
Yes and it's the exact opposite situation where demand outstrips supply and it's impossible to get any parts unless you are running a bot. The point is the SM is always illiquid one way or the other.
If this was the case the entire bond market would be in a constant state of crisis. Panics and crises are the exception not the rule.
The beauty of a free market is that no one is forcing you to do anything ;-)
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