sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
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Post by sussexlender on Mar 25, 2017 21:09:22 GMT
Hi oldgrumpy.
Thanks for the photo and up date. I really appreciate your information.
Best wishes, SXLR
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,161
Likes: 4,846
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Post by ozboy on Apr 22, 2017 21:20:39 GMT
£307,904 available on the SM @ 22:19 on 22/4/17
I was going to flog some of mine but think I'll wait a while ...........................................
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GeorgeT
Member of DD Central
Posts: 1,321
Likes: 1,575
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Post by GeorgeT on Apr 22, 2017 21:23:07 GMT
£307,904 available on the SM @ 22:19 on 22/4/17 I was going to flog some of mine but think I'll wait a while ........................................... Good decision, all you will do is lose yourself interest. I've got some up for sale and last time I checked the queue had only moved 9k in 2 days.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,161
Likes: 4,846
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Post by ozboy on Apr 22, 2017 21:25:10 GMT
Thanks georget, feedback/comment like that is very helpful
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Post by p2plender on Apr 23, 2017 0:40:46 GMT
If you have this then you are holding to the end so it's finger's crossed investing with this and several others!
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Apr 25, 2017 15:42:30 GMT
If you have this then you are holding to the end so it's finger's crossed investing with this and several others! Not necessarily.
With todays repayments, all the 12% loans are being progressively cleared out of the SM, basically in order of decreasing remaining term.
Currently, everything (12%) longer than 100 days has gone. There is sporadic activity PBL143, PBL084/166 and others but just a few £k here and there.
I fully expect the trend to continue to DFL004, there's about £20k £15k of longer term stuff which is disappearing then DFL004 will be the most attractive 12% loan available.
Its availability has already started to decrease. Earlier it was at £367k, its now £359k and falling. I expect a large proportion, if not all will be swallowed up in the next day or two.
After that, the woodlands and some London flats will be selling again.
EDIT: 7 minutes later and the longest 12% loan available is 79 days - and those are DFL003 and DFL004.
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GeorgeT
Member of DD Central
Posts: 1,321
Likes: 1,575
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Post by GeorgeT on Apr 25, 2017 16:00:14 GMT
Evidence in action that length of unexpired term and rate are the main factors people base investment decisions on. There's no reluctance to buy into loans with dodgy borrowers. The chalet goes in a flash.
I think this debunks the theory that DD is important to investors because they invest with intent to hold to term end. It's pass the parcel and the loan security matters hardly a jot to the majority. The defaults page suggests the majority is right.
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Apr 25, 2017 16:13:40 GMT
Evidence in action that length of unexpired term and rate are the main factors people base investment decisions on. There's no reluctance to buy into loans with dodgy borrowers. The chalet goes in a flash. I think this debunks the theory that DD is important to investors because they invest with intent to hold to term end. It's pass the parcel and the loan security matters hardly a jot to the majority. The defaults page suggests the majority is right. Agreed except the defaults are currently 96/7% being held to term so the majority may not be holding them but someone certainly is.
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Apr 25, 2017 16:15:40 GMT
Snapshot of all (live) loans from about 17:00 (click on the image).
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Apr 25, 2017 16:15:59 GMT
If you have this then you are holding to the end so it's finger's crossed investing with this and several others! The prs is quite well progressed which would give this development a government backed guarantee upon practical comlletion so I commend your DD and choice of loan to hold to term.
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SteveT
Member of DD Central
Posts: 6,874
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Post by SteveT on Apr 25, 2017 16:19:38 GMT
Snapshot of all (live) loans from about 17:00 (click on the image). Very nice! I don't suppose you can provide a live link to that summary?
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Apr 25, 2017 16:50:54 GMT
Snapshot of all (live) loans from about 17:00 (click on the image). Very nice! I don't suppose you can provide a live link to that summary? Its a program I wrote to monitor LfSS activity. It shows me constant live info and logs changes notifying me of them (it also notifies me of interesting loan parts for sale).
I have considered making a live page for this but it would take me some work and would not be much different to the work already done by cooling_dude in his live loans index spread sheet. It would be far easier for me to make the program available to those who are interested but, if too many use it, it will give the LfSS site a bit of a hammering.
The program actually shows a single list with vertical scroll bar and normally more columns including some forum-disallowed information. The image I uploaded was paint shopped to show the entire 99 live loans as three blocks which my program doesn't currently do.
In reality, the UI looks like this:
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Apr 25, 2017 17:54:13 GMT
DFL004 is now down to £265k on the SM. That's £94k less than it was two hours ago.
Neck on the line time: Soon (24 hours?) there will be none left.
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Post by excalibur on Apr 25, 2017 18:21:29 GMT
DFL004 is now down to £265k on the SM. That's £94k less than it was two hours ago.
Neck on the line time: Soon (24 hours?) there will be none left. It'd be nice if more of the repaid £4.5m loans cleared it up today so I can sleep easier tonight.. but I think if it's going to clear it'll be next week once monthly interest has been paid into accounts.
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Apr 25, 2017 18:32:00 GMT
DFL004 is now down to £265k on the SM. That's £94k less than it was two hours ago.
Neck on the line time: Soon (24 hours?) there will be none left. It'd be nice if more of the repaid £4.5m loans cleared it up today so I can sleep easier tonight.. but I think if it's going to clear it'll be next week once monthly interest has been paid into accounts. I don't think you'll have to wait that long.
The only thing that will scupper it is if LfSS announce a new big 12% pipeline loan.
Anyway... this is a pretty good loan in my opinion, backed up by the fact that there aren't too many naysayers on the forum. Don't be put off by the amount on the SM: this is by far the biggest loan on the LfSS books and you should look at its SM value relative to the full loan value. The percentage of the total value which is available on the SM is not much different to the loans of similar remaining term.
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