|
|
Post by bracknellboy on Jan 14, 2015 11:28:55 GMT
I agree that there is a potential flaw in my position, namely its based on current situation. Its not clear to me - any of us ? - at the moment whether we are in a extraordinary situation which will be resolved by the pipeline being unblocked (including a £3m loan which is currently suspended for trading).
I am currently loath to hold much free cash in the MLIA pending release of loans as what I do have isn't going anywhere fast. I am however aware that as a result I may stand a very good chance of missing out when the plug is pulled on loans I've targeted, esp. if U/Ws choose (if they are allowed) to hold onto relatively large slices for a duration. The small amount of cash I do have in there is picking up very little, and what it does pick up is largely shrapnel. I can see that without very close monitoring, overtime I could pick up decent tranches of a loan I've targetted but only towards the end of its life rather than at the beginning, the very opposite of the strategy I might normally employ/desire.
We need a refreshed pipeline and release of a slew of loans to see how this is really going to work out in the long run.
|
|
unmadem
Member of DD Central
Posts: 377 
Likes: 181
|
Post by unmadem on Jan 14, 2015 12:31:04 GMT
The crowd DD was invaluable but that's now a thing of the past. All progress I suppose. Not sure why there has been less crowd dd. The Q&A section is still there on upcoming loans, it is just that we seem to be using it less and leaving it to underwriters. Down to us retail investors more than AC I think.
I think many of the issues being discussed would be less important if there was a constant stream of loans drawing down. I'm finding it hard to maintain my level of investment in AC never mind increasing it. Certainly frustrating. Andrew says it will improve soon, well we will see....
|
|
|
|
Post by yorkshireman on Jan 14, 2015 12:38:16 GMT
For diversification reasons I was not prepared to put £10k or whatever the minimum was into AC. Consequently, I didn’t qualify for a shadow bid facility and had no option but to either place a bid and risk tying up money for lengthy periods or take my chance on the secondary market therefore I find the new set up no better or worse than the old one.
|
|
bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
|
Post by bugs4me on Jan 14, 2015 12:52:40 GMT
The crowd DD was invaluable but that's now a thing of the past. All progress I suppose. Not sure why there has been less crowd dd. The Q&A section is still there on upcoming loans, it is just that we seem to be using it less and leaving it to underwriters. Down to us retail investors more than AC I think.
I think many of the issues being discussed would be less important if there was a constant stream of loans drawing down. I'm finding it hard to maintain my level of investment in AC never mind increasing it. Certainly frustrating. Andrew says it will improve soon, well we will see....
There is probably less inclination to get involved in the Q&A regarding upcoming loans if you're not sure you'll get a 'slice of the action' IMO. Many of the drawdown timescales are listed as 4-6 weeks after close of auction but without knowing when the close will be then...... - it may be somewhere if I had the time to go trawling for it so stand to be corrected on that one. Andrew did mention on another post somewhere IIRC that there were some exciting new developments due qtr1 2015 - will wait and see.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jan 14, 2015 17:55:34 GMT
sl75. You can view loan #111 if you log in and select loan #109. Then change the 4 to 5 in the browser header and it will bring up loan #111. You can't place a bid, but you can get drawdown updates and ask questions. Or you can click on the link in the table in the first message in the Missing Links thread of the private AC section of this forum.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jan 14, 2015 17:58:38 GMT
IMHO, someone who wanted to obtain large chunks of loans under the old system, and had the time to keep a close eye on the website, would be able to place pre-bids as soon as the loans appeared on the website, and probably would have been able to get what they wanted. And if they had shadow bidding privileges, their pre-bid would have been converted to a shadow bid automatically when the auction went live, and they wouldn't have had to supply the funds until shortly before drawdown. I disagree. If you have 5 people wanting to buy £50k each of a £100k loan someone will miss out. Yes, indeed. When I was thinking of 'large chunks' I wasn't thinking that large.
|
|
unmadem
Member of DD Central
Posts: 377
Likes: 181
|
Post by unmadem on Jan 14, 2015 21:01:22 GMT
sl75. You can view loan #111 if you log in and select loan #109. Then change the 4 to 5 in the browser header and it will bring up loan #111. You can't place a bid, but you can get drawdown updates and ask questions. Or you can click on the link in the table in the first message in the Missing Links thread of the private AC section of this forum. it is on the upcoming loans screen now.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Jan 14, 2015 22:07:16 GMT
it is on the upcoming loans screen now. Interestingly, it seems I already have a target on this one - presumably having set it on the old site, and been actively prevented from changing it since. It's a target somewhat higher than I would now wish to have invested in it, and I will be reducing it presently. How can I find out if I have a target set on any other loans that existed on the old site and haven't yet drawn down or been definitively killed off? What is the rationale behind actively preventing users from reviewing targets on auctions where they already have a target?
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jan 14, 2015 22:17:05 GMT
What is the rationale behind actively preventing users from reviewing targets on auctions where they already have a target? Rationale? You want rationale?  I was going to suggest that you need ilmoro's hat, but he seems to have changed that for the festive season.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Jan 14, 2015 23:31:05 GMT
What is the rationale behind actively preventing users from reviewing targets on auctions where they already have a target? Rationale? You want rationale? I was going to suggest that you need ilmoro's hat, but he seems to have changed that for the festive season. Put somewhere for safe keeping, then forgot where I put it. Found it now  
|
|
agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
|
Post by agent69 on Jan 18, 2015 15:33:53 GMT
We need a refreshed pipeline and release of a slew of loans There are currently 7 loans on the upcoming tab: Loan 111 (tranche 5 of a loan that nobody wants) – drawdown expected w/c 26th January Loan 135 (another wind turbine) - no update for a month and progress remains slow. No projected drawdown date Loan 147 (replacement of bridging loan) – borrower needs additional funds. Drawdown expected sometime in February. Loan 148 (industrial estate) – borrower has realised that he needs some bridging finance. Drawdown expected early February Loan 149 (bridging loan) – last update was on 16th December, when the borrower was keen to drawdown asap. Loan 150 (the LPG man) – no details of drawdown date given Loan 151 (carpets) – drawdown is expected 4 to 6 weeks from auction close In another thread andrewholgate said " plenty in the pipe to come through". I suspect that a visit from Dyno-rod may be needed.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jan 18, 2015 19:09:34 GMT
Loan 147 (replacement of bridging loan) – borrower needs additional funds. Drawdown expected sometime in February. In another thread andrewholgate said " plenty in the pipe to come through". I suspect that a visit from Dyno-rod may be needed. Yes, indeed. I see that the Credit report for #147 is dated in October. If it draws down in February, it'll have been in the pipeline for four months.
|
|
|
|
Post by Ton ⓉⓞⓃ on Jan 27, 2015 10:31:27 GMT
...Loan 135 (another wind turbine) - no update for a month and progress remains slow. No projected drawdown date... Update on Loan 135 The Northern Ireland Wind Turbine Loan: The latest Q&A says
|
|
|
|
Post by pepperpot on Feb 13, 2015 15:51:07 GMT
I had to go rummaging to find this thread, been a while...
147, 152 and 154 have just drawn down.
|
|
agent69
Member of DD Central
Posts: 6,048
Likes: 4,438
|
Post by agent69 on Feb 13, 2015 16:23:12 GMT
I had to go rummaging to find this thread, been a while... 147, 152 and 154 have just drawn down. £995k of 154 available on the SM. Don't all rush at once
|
|
