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Post by excalibur on May 1, 2017 11:38:38 GMT
From that d_saver replay above, seems like they want to extend loan by another 3 months which would make it a more attractive available loan with 160 days remaining.
Although with interest payments email made today, ppl have dumped another £160k on it, so now £415k available (a drop in the ocean to total £11.2m loan of course) as ppl assuming others are going to dive in with their interest payments and snapple it up.
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Post by d_saver on May 1, 2017 11:50:55 GMT
I think you have to put this in context. I would imagine with such a large loan, there are some big hitters out there holding very large chunks of it. A few days ago, whilst the value was fairly large, the sum outstanding was a perfectly reasonable %1.6 or so of that £11M (there are other loans with more of the loan offered). I'm not sure how much of this may have been de-listed in order to get interest (if that trick works, but it was small amounts in decline, not large sums). Today, it looks like 1 or 2 large investors dropped a couple (mainly 1) large chunks. To me, it really does not look like everyone heading for the door. Perhaps just some bh's reducing substantial positions in what is a very large loan. To me, if the PRS scheme is a winner, this is the most solid loan on the books (IMO). Not trying to push it or change anyone's opinion, just stating mine. If Lendy were to provide decent ongoing loan info (which I'm finding they do not), I'd be all over this (more than I am).
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oldgrumpy
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Post by oldgrumpy on May 1, 2017 14:25:35 GMT
They are working today (yes, bank holiday) on the roof of the Jeddo Street side. They are doing it section by section so I presume the whole length will be finished in a few weeks, because they are certainly not rushing the job. There are two enormous skips out front full of detritus and a massive heap too, all tidily managed, so I don't think we are dealing with cowboys here.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on May 1, 2017 14:29:55 GMT
Marvellous information, thank you oldgrumpy, appreciated. I might not flog mine now. Well, for the time being anyway.
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elliotn
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Post by elliotn on May 1, 2017 14:31:05 GMT
Spire from the roof is a nice effect.
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adrianc
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Post by adrianc on May 1, 2017 14:38:29 GMT
Spire from the roof is a nice effect. Shame they can't quite decide where to put it.
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r1200gs
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Post by r1200gs on May 1, 2017 15:58:43 GMT
I quite like this loan and I'm holding a fair chunk. I've not seen anything that would spark a panic. The SM is a funny old place though, the sheer availability of the loan is enough to reduce demand as people wonder what's wrong with it, resulting in more availability and reduced demand as people wonder what's wrong with it. Plus many will simply already have their fill and not need more unless want to be overweight on this one. If I missed anything about this loan, somebody slap me around the face with a kipper.
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Liz
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Post by Liz on May 2, 2017 11:19:23 GMT
I quite like this loan and I'm holding a fair chunk. I've not seen anything that would spark a panic. The SM is a funny old place though, the sheer availability of the loan is enough to reduce demand as people wonder what's wrong with it, resulting in more availability and reduced demand as people wonder what's wrong with it. Plus many will simply already have their fill and not need more unless want to be overweight on this one. If I missed anything about this loan, somebody slap me around the face with a kipper. Not many kippers left since Brexit.
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GeorgeT
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Post by GeorgeT on May 3, 2017 23:09:25 GMT
Wow!
One investor just bought £386,000 of this loan and almost cleared the SM!
In 2 bites - a £330k purchase followed by a £56k purchase. But same investor.
Good to see big hitters are still on the block.
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vmail
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Post by vmail on May 3, 2017 23:13:28 GMT
Before midnight there was £386,763.75 available, now (12:09 am) there is £35,045.
The confusing bit is that I am in queue positions £45,721.97 to £79,596.69.
Shouldn't I see at least my last queue position plus last in queue amount as the available amount?
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vmail
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Post by vmail on May 3, 2017 23:19:50 GMT
They must have has a large chunk in PBL040
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treeman
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Post by treeman on May 3, 2017 23:25:17 GMT
Before midnight there was £386,763.75 available, now (12:09 am) there is £35,045. The confusing bit is that I am in queue positions £45,721.97 to £79,596.69. Shouldn't I see at least my last queue position plus last in queue amount as the available amount? See my cross post on SM thread
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GeorgeT
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Post by GeorgeT on May 3, 2017 23:34:50 GMT
I think something is quite wrong with the numbers here. This doesn't make any sense. I think LY need to look into this.
It doesn't seem to be out by a few pounds as normal it seems to be out by many thousands. I saw with my own eyes that the Investor bought the lot yet I have in fact got 2 parts still in the queue and one is about 35k back from the front despite being listed a day ago. The previous part I put up for sale on 2 May has still not sold either - 3k from front - and that is an impossibility if all available was wiped out tonight just before midnight.
I wonder if CD who is an expert contributor might have a view on this.
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Liz
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Post by Liz on May 4, 2017 0:08:09 GMT
I think something is quite wrong with the numbers here. This doesn't make any sense. I think LY need to look into this. It doesn't seem to be out by a few pounds as normal it seems to be out by many thousands. I saw with my own eyes that the Investor bought the lot yet I have in fact got 2 parts still in the queue and one is about 35k back from the front despite being listed a day ago. The previous part I put up for sale on 2 May has still not sold either - 3k from front - and that is an impossibility if all available was wiped out tonight just before midnight. I wonder if CD who is an expert contributor might have a view on this. Sounds like a simple glitch, one of many! May or may not get fixed.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on May 4, 2017 4:43:33 GMT
I quite like this loan and I'm holding a fair chunk. I've not seen anything that would spark a panic. The SM is a funny old place though, the sheer availability of the loan is enough to reduce demand as people wonder what's wrong with it, resulting in more availability and reduced demand as people wonder what's wrong with it. Plus many will simply already have their fill and not need more unless want to be overweight on this one. If I missed anything about this loan, somebody slap me around the face with a kipper. Not many kippers left since Brexit. Just manx ones!
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