blink
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Post by blink on Nov 22, 2017 20:00:47 GMT
I agree...invested in this from the beginning...with the intention of seeing it over the line...the nature of development loans....I did have a figure which I would not go above...I subsequently. sold out some of my investment a few months ago...I have now reinvested that amount...so not over my limit...but I want it to complete....In my opinion.(which may well be flawed) this is a loan that will in the end succeed..The problem DFL's is no-one wants to be holding the baby... I need to get of my phone and on to laptop... Even I am struggling to make sense of what I have written..
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guff
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Post by guff on Nov 22, 2017 20:09:38 GMT
Rough maths suggests if every registered member invests £1250, that would cover it. I have a bit more invested than that. You? Blink and you'll miss it.
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Post by Badly Drawn Stickman on Nov 22, 2017 20:15:56 GMT
I agree...invested in this from the beginning...with the intention of seeing it over the line...the nature of development loans....I did have a figure which I would not go above...I subsequently. sold out some of my investment a few months ago...I have now reinvested that amount...so not over my limit...but I want it to complete....In my opinion.(which may well be flawed) this is a loan that will in the end succeed..The problem DFL's is no-one wants to be holding the baby... I need to get of my phone and on to laptop... Even I am struggling to make sense of what I have written.. I was just being polite, and waiting for you to finish talking to yourself. That was the point I was making (a little to succinctly for someone apparently). At the end of the day we all have a limit we will/can invest. Raising the amount needed for this loan has stretched Lendy. Obviously all of us invested in it want it to be successful, that does not mean we will just keep throwing money at it.
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blink
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Post by blink on Nov 22, 2017 20:16:08 GMT
Blink and you'll miss it. Spot on....FFF....those were the days
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GeorgeT
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Post by GeorgeT on Nov 22, 2017 22:26:11 GMT
The blind optimism of some people astounds me. Some must have more money than sense. The more rational of us have left the platform pending an improvement in performance and loan quality. We are living in an age of great uncertainty. The actions of some people feels a bit like throwing good money after bad. The derisory take-up of this latest mega tranche despite a cash back offer, half of which seems to be to fund an extension which the developer is unable to fund, ought to do all the talking in itself. The market and investor sentiment is rarely wrong.
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hazellend
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Post by hazellend on Nov 22, 2017 22:38:03 GMT
The blind optimism of some people astounds me. Some must have more money than sense. The more rational of us have left the platform pending an improvement in performance and loan quality. We are living in an age of great uncertainty. The actions of some people feels a bit like throwing good money after bad. The derisory take-up of this latest mega tranche despite a cash back offer, half of which seems to be to fund an extension which the developer is unable to fund, ought to do all the talking in itself. The market and investor sentiment is rarely wrong. You must admit that you have quite a pessimistic and risk averse view. I don’t feel it is rational to ditch my current Lendy loans and leave the platform. I also don’t feel it is rational to avoid future loans that I like the look of. Every market has bulls and bears. I’m fairly neutral but do find myself almost always disagreeing with your viewpoint, even though you always seem to be making a very intelligent argument.
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GeorgeT
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Post by GeorgeT on Nov 22, 2017 23:51:47 GMT
That's a very fair response. I do admit I have become a lot more risk averse in recent months after seeing so many loans head south. Perhaps that is because I was a bit over exposed to this sector and got a bit carried away with the big returns. What has happened over the past few months has given me a bit of a reality check and made me stop and think that while I am in a comfortable financial position I cannot really afford to lose much of my money.
Others will be in different financial situations to me and have different risk appetites and of course I wish everybody all the best and I hope this loan reaches a successful outcome for all the parties involved. It is just feeling a bit too big and risky for my own personal investment taste and my confidence in this particular platform is currently quite low and I am watching and waiting as regards the resolution of a number of the problem loans.
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elliotn
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Post by elliotn on Nov 23, 2017 1:01:10 GMT
The blind optimism of some people astounds me. Some must have more money than sense. The more rational of us have left the platform pending an improvement in performance and loan quality. We are living in an age of great uncertainty. The actions of some people feels a bit like throwing good money after bad. The derisory take-up of this latest mega tranche despite a cash back offer, half of which seems to be to fund an extension which the developer is unable to fund, ought to do all the talking in itself. The market and investor sentiment is rarely wrong. We know you left George. Your persistent, lingering doom mongering on the Ly board despite so publicly divesting is in danger of betraying confirmation bias over due diligence (not that you hardly did any, simply relying on the Greater George theory). This landmark development is close to the finishing line, what has your research revealed about its viability or not? P2P is an immature market with rates that have attracted inexperienced, retail ‘investors’ who invest with blind optimism rather than due diligence simply because the headline coupon is 12% - I’d be surprised if such a market was rarely always right, George.
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mikes1531
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Post by mikes1531 on Nov 23, 2017 4:28:32 GMT
I’d be surprised if such a market was rarely always right... Interesting. I wouldn't be surprised if such a market was rarely always right... Then again, how can something be "rarely always"? I think I need a rest!
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Post by dualinvestor on Nov 23, 2017 13:06:24 GMT
Very vague.
The new tranche mentions no term (and in fact shows as 0 days remaining on the Live Loans tab), phraes like costs increased by £300k, extra intrerest, practical completion December/January etc
How much is to the developer and how much to you (and Lendy) to pay interest on this and previous tranches (total loan c.£14.5million interest at 1.5% pm is in excess of £200k). Taking, say, six months to complete and sell c.£1.3million.
The figures don't add up especially as it will probably take a lot longer before any money comes in.
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r1200gs
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Post by r1200gs on Nov 23, 2017 13:18:57 GMT
I appears that some people are preferring to buy in to previous tranches rather than the 1 percent cash back. Huh?
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Post by skint4achange on Nov 23, 2017 13:41:26 GMT
When they come to sell they will be higher up the SM market I believe???
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webwizard
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Post by webwizard on Nov 23, 2017 13:46:26 GMT
When they come to sell they will be higher up the SM market I believe??? Is that correct, I thought that once all tranches were live that they ranked only on when queued for sale on the SM.
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Post by skint4achange on Nov 23, 2017 13:56:02 GMT
When they come to sell they will be higher up the SM market I believe??? Is that correct, I thought that once all tranches were live that they ranked only on when queued for sale on the SM. I am not 100% sure about it, but that could be the only rational reason for it. Unless they are seeing the original loan as 142 days remaining and the new tranche as 0 days remaining? May be a bit of confusion for some as the latest tranche has not been drawndown.
Other than the above reasons, the only other reason I could see is that they have an IQ of 24.
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oldgrumpy
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Post by oldgrumpy on Nov 23, 2017 14:00:48 GMT
...Other than the above reasons, the only other reason I could see is that they have an IQ of 24.
Haven't you been told a million times not to exaggerate?
(On the basis of standard valuations provided by Lendy, I would amend that score to 12)
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