ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 24, 2016 11:43:45 GMT
Just gone live - got the full £300 I asked for. 751 investors. I got £500 and saw £5,5 k on SM. Times must really be dire that such a tiddler got such high allocation (in normal days it would be <£200) and still reached SM Couple of £1000 were showing on the Activity which I dont think were SM activity. Given average was c£650 seems realistic.
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dawn
Member of DD Central
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Post by dawn on Jun 24, 2016 11:46:09 GMT
I got £500 and saw £5,5 k on SM. Times must really be dire that such a tiddler got such high allocation (in normal days it would be <£200) and still reached SM I can't understand why anyone would pre-fund the new loan when they have the pick of any other SS loan on the secondary market. because I have enough in all of the other loans currently on the SM that I am interested in and therefore would prefer to diversify into something new....... There is nothing on the SM at the moment that I want more of.
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bloodycat
Member of DD Central
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Post by bloodycat on Jun 24, 2016 11:46:21 GMT
I can't understand why anyone would pre-fund the new loan when they have the pick of any other SS loan on the secondary market. Quite. If there was nothing worthwhile on the SM I might have prefunded as today is payday so I have a bit more excess cash in my current account. I have just bought a tiny bit of this one on the SM but actually put more into some other loans that I didn't manage to invest in before.
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ben
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Post by ben on Jun 24, 2016 13:06:29 GMT
I'm not sure the borrower would see it that way. You need to remember that there are two sets of customers here - it's not all about the investors. If SS feel they can raise enough capital to lend the money then I'm sure they'll go live with it. Saving Stream must remember the importance of secondary market liquidity for investors here, some have already said they are reducing their holdings. Im sure SS will not be to bothered as most that find the secondary market as paramount importance are probably not really the customers they want anyway, selling anything that is close to an end date. I am sure they would prefer people to buy what they want and hold to it and only sell if a real need.
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Post by Deleted on Jun 24, 2016 13:30:12 GMT
Saving Stream must remember the importance of secondary market liquidity for investors here, some have already said they are reducing their holdings. Im sure SS will not be to bothered as most that find the secondary market as paramount importance are probably not really the customers they want anyway, selling anything that is close to an end date. I am sure they would prefer people to buy what they want and hold to it and only sell if a real need. All investors value liquidity when investing in any asset class.
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ben
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Post by ben on Jun 24, 2016 13:35:03 GMT
Im sure SS will not be to bothered as most that find the secondary market as paramount importance are probably not really the customers they want anyway, selling anything that is close to an end date. I am sure they would prefer people to buy what they want and hold to it and only sell if a real need. All investors value liquidity when investing in any asset class. I agree but a lot of people on here invest with the intention of selling which is why a lot are worrying now the secondary market is busy.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jun 24, 2016 15:51:53 GMT
Now drawndown... Boy... that was quick  . |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 24, 2016 19:25:32 GMT
Bl**dy Tripadvisor!!  Just got an email from them recommending the A hotel in W-ham, showing some glowing recent reviews, so I clicked show best prices and put the dates in for this weekend, but I got the response "unavailable" on this site, "sold out" on those dates.  Suppose I'll just have to stay in and watch footie  Attachments:
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fasty
Member of DD Central
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Post by fasty on Jun 24, 2016 20:06:34 GMT
Bl**dy Tripadvisor!! Just got an email from them recommending the A hotel in W-ham, showing some glowing recent reviews, so I clicked show best prices and put the dates in for this weekend, but I got the response "unavailable" on this site, "sold out" on those dates. Suppose I'll just have to stay in and watch footie Did you read the reviews, OG? They're more entertaining than the footie. But wait, there's more. Don't miss the gallery of assorted unidentified stains.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 24, 2016 20:08:56 GMT
Bl**dy Tripadvisor!! Just got an email from them recommending the A hotel in W-ham, showing some glowing recent reviews, so I clicked show best prices and put the dates in for this weekend, but I got the response "unavailable" on this site, "sold out" on those dates. Suppose I'll just have to stay in and watch footie Did you read the reviews, OG? They're more entertaining than the footie. But wait, there's more. Don't miss the gallery of assorted unidentified stains.
Yes I'd seen them a few days back (yuk!) which is why T/A tracked me and assumed I wanted to go and stay there (and claim for itself some commission), but can't tell me it's closed.
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SteveT
Member of DD Central
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Post by SteveT on Jun 25, 2016 6:48:17 GMT
Just gone live - got the full £300 I asked for. 751 investors. , I don't think PBL119 has yet appeared on your invaluable pre-funding info list. PBL119 was the first new SS loan I didn't pre-fund since the system was brought in and, judging by the 751 figure, others look to have opted out too. This was nothing to do with the security (its recent history seems largely irrelevant to me). Instead it was because: a) I'm not inclined to increase my total SS stake currently (hovering just into 6 figures) b) the loans that I'd ordinarily have reduced a bit to buy into this new one had large SM queues, so it was pointless looking to sell them c) the rest of my loans (the majority) either were better holds than PBL119 or also had significant SM queues Clearly the current SM overhang won't stop savingstream from filling smaller loans (sub £2m maybe) but I think it's likely to prove a significant headache when the next big one (or clutch of linked small ones) appears. The first million or 2 will fill easily enough but the remainder will be reliant on SS's own capital and/or underwriters (including "smaller underwriters" if cashback is added). The solution? Either significantly accelerate the recruitment of new lenders to the platform, which may prove tricky / expensive in these "uncertain times" (and isn't helped by the SM giving the appearance that existing lenders are heading for the exit) or re-balance the flow of new loan launches vs existing loan repayments. A few chunky repayments will clear most / all of the SM overhang in no time so I reckon it's time for SS to send round the boys with the baseball bats for a friendly chat with some of their "serial extenders"
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adrianc
Member of DD Central
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Post by adrianc on Jun 25, 2016 7:53:22 GMT
PBL119 was the first new SS loan I didn't pre-fund since the system was brought in and, judging by the 751 figure, others look to have opted out too. This was nothing to do with the security (it's recent history seems largely irrelevant to me). Instead it was because: a) I'm not inclined to increase my total SS stake currently (hovering just into 6 figures) b) the loans that I'd ordinarily have reduced a bit to buy into this new one had large SM queues, so it was pointless looking to sell them c) the rest of my loans (the majority) either were better holds than PBL119 or also had significant SM queues Exactly my position on it. I prefunded the Manc/Luton three. I prefunded the London nine. I increased my investment for those. Right now? No, ta. The ones I want to reduce have huge backlogs. If there's any of 119 kicking about when my June interest's paid, then... yep. But otherwise? Nope.
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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 25, 2016 9:46:38 GMT
I agree with much of the above two posts. However since I put diversification above all else I have taken a small slice of 119. What we all need more than anything are repayments of overdue loans. This would restore confidence and liquidity. What we don't want is another default. Fingers crossed.
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Investor
Member of DD Central
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Post by Investor on Jun 25, 2016 9:59:06 GMT
Just gone live - got the full £300 I asked for. 751 investors. , I don't think PBL119 has yet appeared on your invaluable pre-funding info list. PBL119 was the first new SS loan I didn't pre-fund since the system was brought in and, judging by the 751 figure, others look to have opted out too. This was nothing to do with the security (its recent history seems largely irrelevant to me). Instead it was because: a) I'm not inclined to increase my total SS stake currently (hovering just into 6 figures) b) the loans that I'd ordinarily have reduced a bit to buy into this new one had large SM queues, so it was pointless looking to sell them c) the rest of my loans (the majority) either were better holds than PBL119 or also had significant SM queues Clearly the current SM overhang won't stop savingstream from filling smaller loans (sub £2m maybe) but I think it's likely to prove a significant headache when the next big one (or clutch of linked small ones) appears. The first million or 2 will fill easily enough but the remainder will be reliant on SS's own capital and/or underwriters (including "smaller underwriters" if cashback is added). The solution? Either significantly accelerate the recruitment of new lenders to the platform, which may prove tricky / expensive in these "uncertain times" (and isn't helped by the SM giving the appearance that existing lenders are heading for the exit) or re-balance the flow of new loan launches vs existing loan repayments. A few chunky repayments will clear most / all of the SM overhang in no time so I reckon it's time for SS to send round the boys with the baseball bats for a friendly chat with some of their "serial extenders" Thanks for the nudge SteveT. Was a bit tied up with some other stuff that was going on yesterday, won't bore you with the details. Have now completed based on everyone getting 100% with 5.5k left over, wasn't in this one myself so if anyone has any better guesses please let me know.
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hantsowl
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Post by hantsowl on Jun 25, 2016 10:21:42 GMT
PBL119 was the first new SS loan I didn't pre-fund since the system was brought in and, judging by the 751 figure, others look to have opted out too. This was nothing to do with the security (it's recent history seems largely irrelevant to me). Instead it was because: a) I'm not inclined to increase my total SS stake currently (hovering just into 6 figures) b) the loans that I'd ordinarily have reduced a bit to buy into this new one had large SM queues, so it was pointless looking to sell them c) the rest of my loans (the majority) either were better holds than PBL119 or also had significant SM queues Exactly my position on it. I prefunded the Manc/Luton three. I prefunded the London nine. I increased my investment for those. Right now? No, ta. The ones I want to reduce have huge backlogs. If there's any of 119 kicking about when my June interest's paid, then... yep. But otherwise? Nope. The selling queues may not actually be as long as would appear from the SM listing. I put some 106 up for sale when the SM showed more than 200000 available and I only had a couple of thousand ahead of me. The same has happened with some other loans. I assume SS hold any unsold loan parts 'outside' of the buy/sell queues. What I tend to do now is put something up for sale and then immediately check where it is in the queue. If the backlog is large, I cancel the sale and try a different loan.
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Suppose I'll just have to stay in and watch footie 
