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Post by excalibur on May 18, 2017 11:12:40 GMT
Someone's just bought £80k on SM, lovely
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mikes1531
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Post by mikes1531 on May 18, 2017 23:33:30 GMT
Did anyone set their pre-funding for Tranche 7 high enough that they have any useful information regarding the maximum allocation amount that they'd be willing to share?
In short, did anyone ask for more than they were allocated?
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awk
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Post by awk on May 19, 2017 6:16:24 GMT
I was watching the queue closely at the time as I put a load up for sale immediately after the £80k purchase. This happened before the new tranche had drawn down. It was a bit confusing as the loan was removed from the SM while the draw down happened, but when it was put back up, there was no noticeable difference in queue length.
So, unbelievably, I think it was fully subscribed.
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r1200gs
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Post by r1200gs on May 19, 2017 9:41:54 GMT
I was watching the queue closely at the time as I put a load up for sale immediately after the £80k purchase. This happened before the new tranche had drawn down. It was a bit confusing as the loan was removed from the SM while the draw down happened, but when it was put back up, there was no noticeable difference in queue length. So, unbelievably, I think it was fully subscribed. Why unbelievable?
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awk
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Post by awk on May 19, 2017 10:26:29 GMT
I was watching the queue closely at the time as I put a load up for sale immediately after the £80k purchase. This happened before the new tranche had drawn down. It was a bit confusing as the loan was removed from the SM while the draw down happened, but when it was put back up, there was no noticeable difference in queue length. So, unbelievably, I think it was fully subscribed. Why unbelievable? Because there has been 10s and 100s of k sitting on the SM for weeks, but people still pre-fund the new tranche ! WHY when they could have bought my loans on the SM
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r1200gs
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Post by r1200gs on May 19, 2017 10:30:44 GMT
Because there has been 10s and 100s of k sitting on the SM for weeks, but people still pre-fund the new tranche ! WHY when they could have bought my loans on the SM Ah right, now I'm with you. Yes indeed, it makes little sense. I think it just goes to show that many people are simply not paying much attention to what they are doing really.
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Post by charliebrown on May 19, 2017 12:06:00 GMT
Did anyone set their pre-funding for Tranche 7 high enough that they have any useful information regarding the maximum allocation amount that they'd be willing to share? In short, did anyone ask for more than they were allocated? I asked for 6k and got 6k, so unsure what the max allocation was. i feel this is a good loan, but on reflection now feel I've got too much of this. It's currently 12.5% of my total Lendy holdings. Too much of a good thing? considering dropping some back on the SM, queue is currently at 57k.
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GeorgeT
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Post by GeorgeT on May 31, 2017 0:05:02 GMT
NEWSFLASH - DFL004
A massive hitter has just bought £115,000 of this loan on the SM in one bite.
Many in the sales queue will have sold.
Congratulations to all who have benefited.
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Post by spareapennyor2 on May 31, 2017 4:01:17 GMT
i wonder if it`s for one days interest / last day of month/ back on SM tomorrow about £350 for a days work if it sale`s
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lobster
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Post by lobster on May 31, 2017 7:37:33 GMT
NEWSFLASH - DFL004
A massive hitter has just bought £115,000 of this loan on the SM in one bite.
Many in the sales queue will have sold.
Congratulations to all who have benefited.
Simply can't fathom why anyone would do this . There's still over 300k on sale , so it will be virtually impossible to sell. There are a multitude of 200+ day 12% loans available, and yet this investor ploughs 115k into a single 44 day loan. He/she will need to hold this for the duration, and is presumably supremely confident that it will repay in full.
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Post by lendinglawyer on May 31, 2017 9:02:45 GMT
Yeah, I can't fathom why someone would plan to hold to maturity something they are supremely confident will repay in full either... Not everyone just chucks money at the longest term 12% loan available and crosses their fingers that they'll be able to dump it in future. In fact, if you are a BH looking to offload huge chunks like this (as opposed to a few hundred or thousand per loan) that is even higher risk given a six figure sum being on the SM in any single loan seems to be enough to trigger people to say/think things like "maybe 200 days is the new 100 days!!!!!" and therefore not to buy the loan even if it is perfectly sound.
EDIT: although actually given the quality of the updates it can be impossible to know whether a loan is in fact perfectly sound, I'll definitely concede that.
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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 31, 2017 9:07:46 GMT
NEWSFLASH - DFL004
A massive hitter has just bought £115,000 of this loan on the SM in one bite.
Many in the sales queue will have sold.
Congratulations to all who have benefited.
Simply can't fathom why anyone would do this . There's still over 300k on sale , so it will be virtually impossible to sell. There are a multitude of 200+ day 12% loans available, and yet this investor ploughs 115k into a single 44 day loan. He/she will need to hold this for the duration, and is presumably supremely confident that it will repay in full. Seems to me that this Investor knows something we don't?
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lobster
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Post by lobster on May 31, 2017 11:11:54 GMT
Yeah, I can't fathom why someone would plan to hold to maturity something they are supremely confident will repay in full either... Not everyone just chucks money at the longest term 12% loan available and crosses their fingers that they'll be able to dump it in future. In fact, if you are a BH looking to offload huge chunks like this (as opposed to a few hundred or thousand per loan) that is even higher risk given a six figure sum being on the SM in any single loan seems to be enough to trigger people to say/think things like "maybe 200 days is the new 100 days!!!!!" and therefore not to buy the loan even if it is perfectly sound. EDIT: although actually given the quality of the updates it can be impossible to know whether a loan is in fact perfectly sound, I'll definitely concede that.Well that's my point - how can anyone be even moderately confident of full repayment, let alone supremely confident ? Also wondering if it may have even been a fat finger ? Note the exact amount was £115,00 5 ? Weird amount ? Could the final digit have been pressed in error, and the intended investment was £11,500 ?
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elliotn
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Post by elliotn on May 31, 2017 11:32:34 GMT
Yeah, I can't fathom why someone would plan to hold to maturity something they are supremely confident will repay in full either... Not everyone just chucks money at the longest term 12% loan available and crosses their fingers that they'll be able to dump it in future. In fact, if you are a BH looking to offload huge chunks like this (as opposed to a few hundred or thousand per loan) that is even higher risk given a six figure sum being on the SM in any single loan seems to be enough to trigger people to say/think things like "maybe 200 days is the new 100 days!!!!!" and therefore not to buy the loan even if it is perfectly sound. EDIT: although actually given the quality of the updates it can be impossible to know whether a loan is in fact perfectly sound, I'll definitely concede that.Well that's my point - how can anyone be even moderately confident of full repayment, let alone supremely confident ? Also wondering if it may have even been a fat finger ? Note the exact amount was £115,00 5 ? Weird amount ? Could the final digit have been pressed in error, and the intended investment was £11,500 ? Would still need over 115k on account and you're asked to confirm the amount before accepting. Potentially BH investing based on DD rather than SM liquidity; if you had millions could be perfectly reasonable investment (good borrower/development with strong chance of effective guarantee by government bonds).
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oldgrumpy
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Post by oldgrumpy on Jul 4, 2017 15:09:46 GMT
I had a bit of a lurk this afternoon. That roof completion on the J**** S***** side is very gradually being seen to, new timbers being in place - everything open to the elements. Work ongoing today. I wonder if the main work force is nearing completion of the Po** S**** side, and soon they will be "attacking" the J**** S***** section, and don't want to be rained on. Many of the solid/smart new windows on the long Po** S**** side have been fitted - just a few ground floor ones to do, and I could hear action behind the protective metal boarding. Smart internal fitting work has also taken place which I could see through some of the ground floor windows. I got into the courtyard just for a few seconds but was immediately spotted and "seen off" by a hardhatted fork-lift operator. I could hear plenty of work in progress from various parts of the site. A six month to one year extension to this loan would seem reasonable. I'm not pulling my money out yet.
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