goopy
Member of DD Central
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Post by goopy on Jul 7, 2016 8:41:17 GMT
It seems that since Brexit investor confidence is at a low ebb. I have been thinking of ways to help the situation and in my mind one way to help would be to post pictures of sites which are under development to show the progress which is being made, after pictures of PBL092 were posted on this forum it made it a much more attractive proposition. Maybe SS could have a 'progress' tab against the loans with pictures updated monthly?
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spyrogyra
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Post by spyrogyra on Jul 7, 2016 9:30:17 GMT
Pictures may help ... a little. With the £ down, frozen commercial property funds and political uncertainty, boosting the confidence needs much more than pics. Lower LTVs, b/n 50 and 60% top, very conservative valuations. Valuation references to lowest prices for the same kind of properties in the last 10 years.
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star dust
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Post by star dust on Jul 7, 2016 9:49:40 GMT
Thanks, public apology not needed, just don't do it again 
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Liz
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Post by Liz on Jul 7, 2016 10:09:18 GMT
It seems that since Brexit investor confidence is at a low ebb. I have been thinking of ways to help the situation and in my mind one way to help would be to post pictures of sites which are under development to show the progress which is being made, after pictures of PBL092 were posted on this forum it made it a much more attractive proposition. Maybe SS could have a 'progress' tab against the loans with pictures updated monthly? There is a lot they can do, regular pictures, more detailed updates, any update(!), some reassurance etc. I think some reassurance regards the platform(platform failure is a big worry to many), maybe info on break-even loan origination figures for the site, update on the staff expansion and if this is putting a strain on cash or not, some info on BH liquidity/committed to the site, cash in the bank(RS has £26m in the bank), company financials. Personally I think it's far too early to be worried, but being concerned is normal. PS these problems aren't Brexit, more unlying problems in the economy with regard, banks' capital, low interest rates, asset bubbles, low economic growth, low productivity growth, high debt(both government and consumers), ageing population, political uncertainty, just to name a few.
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Post by trilby on Jul 7, 2016 10:09:40 GMT
Is there much point worrying about it given that anyone can go to the SS live loans page (without logging in) and see what loan PBL092 relates to?
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SteveT
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Post by SteveT on Jul 7, 2016 10:18:27 GMT
Is there much point worrying about it given that anyone can go to the SS live loans page (without logging in) and see what loan PBL092 relates to? [Mod hat on] Perhaps, but that would be down to SS to justify if there were complaints / problems and something they could decide to change at any moment. We operate a standard policy across the entire forum; please do NOT post information which identifies borrowers (directly or via their assets)
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Post by harvey on Jul 7, 2016 11:53:50 GMT
There's not much anyone can do at the moment what has happened has happened and a lot of people want their money out of property backed loans and most other people are definitely not going to invest in any new ones.
A big positive would be to say that the secondary market here on saving stream is still moving albeit very very very slowly in the case of some of the bigger loans. There are still some people in the market having a nibble here and there but they aren't big bites they are nibbles and it's very slow going. I started selling down overall and reducing my pre fund bids before the referendum but I'm still eásing back my exposure. My target aim is to have my investment in property backed peer to peer lending at 50% of where it was 6 months ago.
It would take a lot more than 12% to tempt many people back into the waters at the moment. I note that another operator is offering a cashback today in addition to 12% to try and get a new loan to take off. And that is only a small one that you would expect to be to fill easy. We are back to the time of cashback being essential if saving stream want to try and launch anything new but even then I don't think it will be that attractive.
I have had some stuff for sale on the secondary market since 29th June either 60 or 61 , and I'm still not at the front of the queue. This is stuff with a long unexpired term. Also I have been trying to sell out of a house in Surrey for about a week as well and I look at the sale queues everyday and they are moving but very slowly, one of my sale queues has only gone down by about £2,000 in the last day.
The secret is to try and have most of your money invested in the smaller loans because then even if a high percentage of people are trying to sell there is still not that much on the secondary market.
Good luck to everybody on here with your investments. We are now sailing in very choppy Waters.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 7, 2016 12:31:10 GMT
Property and loans are different, although interconnected. Property funds own properties. They will maintain a cash balance but not enough if there is a rush to the exit because they would have to sell properties which takes a long time. This is driven by market sentiment not underlying values. This is why some have had to freeze withdrawals. Property backed loans are at risk if the loan defaults and the asset cannot be sold for enough but otherwise are completely different, except perhaps for the SM where similar emotions may apply.
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Post by chrisuk on Jul 7, 2016 15:16:15 GMT
Ever since the default of PBL20 I've noticed that investors are keen to sell any PBL that is approaching the repayment date (PBL40 for example). I think investors are very much afraid that loans that are overdue are at risk of defaulting.
The 'Recent Update' for PBL40 doesn't fill one with confidence: 2 months ago "Repayment expected within 2 weeks". I month ago "Still in legals for repayment". 2 weeks ago "No change".
No wonder there is £22,000 of this loan on the SM!!
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stevio
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Post by stevio on Jul 7, 2016 21:22:31 GMT
It seems that since Brexit investor confidence is at a low ebb. I have been thinking of ways to help the situation and in my mind one way to help would be to post pictures of sites which are under development to show the progress which is being made, after pictures of PBL092 were posted on this forum it made it a much more attractive proposition. Maybe SS could have a 'progress' tab against the loans with pictures updated monthly? Good idea, fck knows what's happening with most of my investments, I just give them money, they give a little back each month and then end of term fingers crossed they moved from x to y to z and me my muller back, don't know what I would be looking at, but warm fuzzy feeling seeing one brick on top of other rather than a pile on the floor
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Post by caveman38 on Jul 8, 2016 4:54:52 GMT
I think investor confidence would grow enormously if some of the loans were repaid. There are many negative day loans or due soon. Some monies coming in would be a positive to the platform.
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Post by Deleted on Jul 8, 2016 7:21:33 GMT
I suspect that until SS start managing the -ve days the only strategy that works is to keep your loan book young and start selling as a loan approaches 15 days completing the sell off as it hits -15 days. Works for me even during the recent Brexit flush out.  |
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stokeloans
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Post by stokeloans on Jul 8, 2016 7:29:03 GMT
I'm convinced that when/if the garden centre default comes to a satisfactory conclusion ie no loss to investors,things will settle down and confidence will return and the SM will be a case of fastest finger wins again
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james
Posts: 2,205
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Post by james on Jul 8, 2016 9:08:31 GMT
Is there much point worrying about it given that anyone can go to the SS live loans page (without logging in) and see what loan <redacted, loan ID identifies borrower in google search> relates to? [Mod hat on] Perhaps, but that would be down to SS to justify if there were complaints / problems and something they could decide to change at any moment. We operate a standard policy across the entire forum; please do NOT post information which identifies borrowers (directly or via their assets) SteveT, I've reported your post for providing in the unredacted version sufficient information to identify the borrower with a trivial Google search. I've redacted the loan ID in the version I'm quoting here. Your post broke the same rule that the poster you were complaining about broke. So does every post mentioning a SavingStream loan ID: always a trivial google search to identify the borrower.And as you know it's the moderator practice to ban expressions that can identify the borrower with a trivial google search. Except that you just published one and moderators seem to accept them in SavingStream loan IDs.
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pom
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Post by pom on Jul 8, 2016 9:12:23 GMT
[Mod hat on] Perhaps, but that would be down to SS to justify if there were complaints / problems and something they could decide to change at any moment. We operate a standard policy across the entire forum; please do NOT post information which identifies borrowers (directly or via their assets) SteveT, I've reported your post for providing in the unredacted version sufficient information to identify the borrower with a trivial Google search. I've redacted the loan ID in the version I'm quoting here. Your post broke the same rule that the poster you were complaining about broke. So does every post mentioning a SavingStream loan ID: always a trivial google search to identify the borrower.And as you know it's the moderator practice to ban expressions that can identify the borrower with a trivial google search. Except that you just published one and moderators seem to accept them in SavingStream loan IDs. He wasn't complaining about that poster, they were discussing a previous one... there's nothing wrong with quoting PBLs (PS in fact this whole board relies on us being able to, so rather wonder why you're trying to make a point)
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