debeast
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Post by debeast on Apr 17, 2014 9:46:51 GMT
There's a distinct lack of investment opportunities at the moment on AC
with no pipeline ones showing. Is the market tapped out or is it the easter lull?
/beastie
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Post by jevans4949 on Apr 17, 2014 11:11:40 GMT
8 loans backed up in my drawdown queue - plus the ones I didn't bid on. Maybe furniture man will finally draw down today?
4 loans with underwriters' shares on the aftermarket. May have to buy up some of those soon to get the cashback.
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oldgrumpy
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Post by oldgrumpy on Apr 17, 2014 11:16:45 GMT
I was intending to go for the £10K + when the cashback offer appeared. Without at least six new loans (some with real quick drawdown) to assist my diversification I will not be stretching to that figure just for an extra 0.25% cashback. OK, I'm quite a moderate investor, but in the meantime the cash is ready and earning very little elsewhere. Disappointed in AC's timing of the drought.  PS Buying of the four big ones on the aftermarket and using the units as a "temporary bank" is not on because selling will be so difficult when needed for newer loans. |
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j
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Penguins are very misunderstood!
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Post by j on Apr 17, 2014 11:35:40 GMT
I was intending to go for the £10K + when the cashback offer appeared. Without at least six new loans (some with real quick drawdown) to assist my diversification I will not be stretching to that figure just for an extra 0.25% cashback. OK, I'm quite a moderate investor, but in the meantime the cash is ready and earning very little elsewhere. Disappointed in AC's timing of the drought. PS Buying of the four big ones on the aftermarket and using the units as a "temporary bank" is not on because selling will be so difficult when needed for newer loans. I've actually taken some of my funds out & will put into another p2p platform, having effectively solely used AC for a while now. Disappointing indeed.
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debeast
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Post by debeast on Apr 17, 2014 14:04:37 GMT
I was intending to go for the £10K + when the cashback offer appeared. Without at least six new loans (some with real quick drawdown) to assist my diversification I will not be stretching to that figure just for an extra 0.25% cashback. OK, I'm quite a moderate investor, but in the meantime the cash is ready and earning very little elsewhere. Disappointed in AC's timing of the drought. PS Buying of the four big ones on the aftermarket and using the units as a "temporary bank" is not on because selling will be so difficult when needed for newer loans. I've actually taken some of my funds out & will put into another p2p platform, having effectively solely used AC for a while now. Disappointing indeed. Same. Actually put a bit more all over the place . But the drought is everywhere it seems. AC is usually my goto place first of all 
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j
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Penguins are very misunderstood!
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Post by j on Apr 17, 2014 18:02:33 GMT
There's a distinct lack of investment opportunities at the moment on AC with no pipeline ones showing. Is the market tapped out or is it the easter lull? /beastie You now have one very exciting loan based in London!
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mikes1531
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Post by mikes1531 on Apr 18, 2014 2:26:18 GMT
PS Buying of the four big ones on the aftermarket and using the units as a "temporary bank" is not on because selling will be so difficult when needed for newer loans. Two of the four loans available in the AM have underwriter holdings of £175k or less. I expect that all of the U/Ws' parts will be sold by the middle of next month, so those loans might start performing more 'normally' in the AM before too long. I suppose it all depends on how many lenders are now putting off their loan part sales because of the cashback offer. Will there be a huge surge in AM loan part availability on 1/May? I suspect there will be.
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Post by Ton ⓉⓞⓃ on Apr 18, 2014 19:36:17 GMT
PS Buying of the four big ones on the aftermarket and using the units as a "temporary bank" is not on because selling will be so difficult when needed for newer loans. Two of the four loans available in the AM have underwriter holdings of £175k or less. I expect that all of the U/Ws' parts will be sold by the middle of next month, so those loans might start performing more 'normally' in the AM before too long. I suppose it all depends on how many lenders are now putting off their loan part sales because of the cashback offer. Will there be a huge surge in AM loan part availability on 1/May? I suspect there will be. With Hackney there are 2268 units on sale both there are only 1757 units remaining held by u/w, it seems that Lenders have 511 units for sale (I'm using: 1 units=£100) With Wrexham the reverse seems to be the case, on sale in the AM are 1469units and u/w are holding 1550units, this seems to say that atleast 81units are held by u/w that are not for sale and are perhaps going to be held for the term. Obviously these figures are regularly changing. Wrexham is acting as a Bank for me while we have the cashback offer and little to tempt to loan out elsewhere. I'm over heavy on it and am waiting for drawdown of some of the other loans with u/w activity to spread it about.
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mikes1531
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Post by mikes1531 on Apr 18, 2014 21:22:00 GMT
Two of the four loans available in the AM have underwriter holdings of £175k or less. I expect that all of the U/Ws' parts will be sold by the middle of next month, so those loans might start performing more 'normally' in the AM before too long. I suppose it all depends on how many lenders are now putting off their loan part sales because of the cashback offer. Will there be a huge surge in AM loan part availability on 1/May? I suspect there will be. With Ha****y there are 2268 units on sale both there are only 1757 units remaining held by u/w, it seems that Lenders have 511 units for sale (I'm using: 1 units=£100) With Wr****m the reverse seems to be the case, on sale in the AM are 1469units and u/w are holding 1550units, this seems to say that atleast 81units are held by u/w that are not for sale and are perhaps going to be held for the term. Obviously these figures are regularly changing. Wrexham is acting as a Bank for me while we have the cashback offer and little to tempt to loan out elsewhere. I'm over heavy on it and am waiting for drawdown of some of the other loans with u/w activity to spread it about. Your guess is as good as mine regarding which of the two would make a better bank. I've opted to use Ha****y, for a couple of reasons -- the interest rate is higher, and interest is paid monthly rather than being rolled up and paid at maturity. But who knows which will work down its oversupply of loan parts on the AM soonest? And H's greater size and £50k of lenders' parts for sale might suggest that there will be lots of lenders trying to sell as soon as the underwriters' parts are gone.
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Post by badger on Apr 20, 2014 8:51:48 GMT
But the drought is everywhere it seems Plenty of unfilled loans on ReBS
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Post by mrclondon on Apr 20, 2014 9:54:20 GMT
But the drought is everywhere it seems Plenty of unfilled loans on ReBS Ditto TC, including two at £ million plus, and most have reasonable security. Its a shame the Anaerobic Digester is on TC as it is hampered on there with the hefty aftermarket fee, and London Retail is on AC with an audience that seemingly won't tolerate unsupported PG's. In the reverse situation both would do better.
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pikestaff
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Post by pikestaff on Apr 20, 2014 11:29:53 GMT
There is indeed a good buch of offers on TC at the moment, but the large ones are suffering from the lack of underwriting on that platform.
I agree the anerobic digester should be on AC not TC, partly for the reason you state but also because it needs underwriting.
London Retail might well have stood a better chance of getting away on TC, but only if listed as a variable rate auction with a starting rate of about 11%. One reason for it standing a better chance on TC is the Q&A is direct with the sponsor (and occasionally even the borrower) so it would be much easier to get to the bottom of the guarantor's position. I find the Q&A on AC to be rather frustrating.
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Post by cyrilmadrid on May 14, 2014 17:49:34 GMT
Looks like we have had scarce offer of new deals this month. Is AC maybe waiting to clear the log of undrawn loans ?
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j
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Penguins are very misunderstood!
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Post by j on May 14, 2014 22:24:21 GMT
Andrew H indicated a week ago that more loans are to come aboard but nothing has so far. It's also been fairly quite in comparison from AC since the Easter holidays.
I think we'll have to get used to the fact that AC are growing & we've been fortunate so far the MD & chief IT man have been very active on these pages & as they crank up their operations & try to expand (plus a new baby on board!), their time will become more precious & scarce to us. It's been good so far & whilst I agree the inactivity is irritating & monotonous, the reality is this is how it might become as on a regular basis if the p2p market keeps growing at a rate of knots
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Post by lynnanthony on May 15, 2014 5:12:07 GMT
Looks like we have had scarce offer of new deals this month. Is AC maybe waiting to clear the log of undrawn loans ? I cannot see the advantage of that? To anybody?
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