warn
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Post by warn on Jun 29, 2017 12:53:38 GMT
Well, I'm delighted to see this level of IMS report detail provided. And pics to boot (though not a lambkin in sight  ). Based on it, I've PF'd the tranche. Keep it up! ....? .... You hoping for more than the 300k sitting on the SM  No. But I want more of the loan, and they want more money to crack on with the job. Investing via the PF route satisfies both.
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Post by lendinglawyer on Jun 29, 2017 13:02:58 GMT
No. But I want more of the loan, and they want more money to crack on with the job. Investing via the PF route satisfies both. Interesting - I always wondered why these loans fill on the pipeline when there are amounts on the SM, but you just provided a good reason - confidence in the loan and a wanting to see development progress and the loan to complete (which as investors in the loan we want to see) Never considered that before Well, a few of us discussed exactly this point a couple of days back: p2pindependentforum.com/post/197244/thread. Don't forget the enormous INPL advantage too!
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warn
Member of DD Central
Curmudgeon
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Post by warn on Jun 29, 2017 13:06:02 GMT
Interesting - I always wondered why these loans fill on the pipeline when there are amounts on the SM, but you just provided a good reason - confidence in the loan and a wanting to see development progress and the loan to complete (which as investors in the loan we want to see) Never considered that before Well, a few of us discussed exactly this point a couple of days back: p2pindependentforum.com/post/197244/thread. Don't forget the enormous INPL advantage too! Possible icing on the cake might be, for someone I won't identify, that it goes some little way towards thwarting an alternative investment strategy..... 
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elliotn
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Post by elliotn on Jun 29, 2017 14:19:36 GMT
No. But I want more of the loan, and they want more money to crack on with the job. Investing via the PF route satisfies both. Interesting - I always wondered why these loans fill on the pipeline when there are amounts on the SM, but you just provided a good reason - confidence in the loan and a wanting to see development progress and the loan to complete (which as investors in the loan we want to see) Never considered that before Also mentioned by the two ellies as to why investors might go in DL1 first instead of splittling with DL2 on Coll to help the borrower/platform along  Edit - also discussed on MT as to why some prefer yellow (instead of turquoise).
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dovap
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Post by dovap on Jun 29, 2017 16:09:56 GMT
The report is much better but really only what we should have had all along for all the DFLs.
Wonder if we'll be getting the £4 mill freehold sale repaid to us ?
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twoheads
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Programming
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Post by twoheads on Jun 30, 2017 8:51:34 GMT
No. But I want more of the loan, and they want more money to crack on with the job. Investing via the PF route satisfies both. Interesting - I always wondered why these loans fill on the pipeline when there are amounts on the SM, but you just provided a good reason - confidence in the loan and a wanting to see development progress and the loan to complete (which as investors in the loan we want to see) Never considered that before On Monday I prefunded the tranche on DFL019 and was asked (here) why I didn't simply buy from the SM.
My response (here) included two reasons, the first of which was to add money to the loan - the same sentiment as warn (above) and lendinglawyer (here).
From this we can see that there are some investors who have realised this difference but others have not. It is certainly an obvious difference once pointed out but I think many investors have missed this point (as I did until it hit me a few weeks ago).
Perhaps Lendy Support or Paul64 should make an effort to publicise this difference; it may just help a little in filling tranches with prefunding.
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r1200gs
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Post by r1200gs on Jun 30, 2017 10:05:50 GMT
Interesting - I always wondered why these loans fill on the pipeline when there are amounts on the SM, but you just provided a good reason - confidence in the loan and a wanting to see development progress and the loan to complete (which as investors in the loan we want to see) Never considered that before On Monday I prefunded the tranche on DFL019 and was asked (here) why I didn't simply buy from the SM.
My response (here) included two reasons, the first of which was to add money to the loan - the same sentiment as warn (above) and lendinglawyer (here).
From this we can see that there are some investors who have realised this difference but others have not. It is certainly an obvious difference once pointed out but I think many investors have missed this point (as I did until it hit me a few weeks ago).
Perhaps Lendy Support or Paul64 should make an effort to publicise this difference; it may just help a little in filling tranches with prefunding.
That's certainly something I had never thought about before. I must say, as somebody who is pulling all my funds out of one platform due to the appalling misinformation regarding progress being made by one borrower, I am very happy indeed to see the IMS report.
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elliotn
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Post by elliotn on Jun 30, 2017 11:49:51 GMT
As IMS details progress on pp, project risks and itemises use of the contingency funds we may not fully understand the where the downsides lay if a platform chooses what to disclose (and potential conflict of interest where a platform may be swayed to tell the story necessary to fill the tranches).
A big improvement on nothing though.
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papo
trading & P2P
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Post by papo on Jun 30, 2017 12:17:45 GMT
Interesting - I always wondered why these loans fill on the pipeline when there are amounts on the SM, but you just provided a good reason - confidence in the loan and a wanting to see development progress and the loan to complete (which as investors in the loan we want to see) Never considered that before On Monday I prefunded the tranche on DFL019 and was asked (here) why I didn't simply buy from the SM.
My response (here) included two reasons, the first of which was to add money to the loan - the same sentiment as warn (above) and lendinglawyer (here).
From this we can see that there are some investors who have realised this difference but others have not. It is certainly an obvious difference once pointed out but I think many investors have missed this point (as I did until it hit me a few weeks ago).
Perhaps Lendy Support or Paul64 should make an effort to publicise this difference; it may just help a little in filling tranches with prefunding.
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papo
trading & P2P
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Post by papo on Jun 30, 2017 12:20:36 GMT
It's clear. But why is it so important for you not to help someone withdraw his/her funds? You may appear in the same situation tomorrow. I always prefer SM, just for the reason you don't.
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papo
trading & P2P
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Post by papo on Jun 30, 2017 12:34:32 GMT
Sure, you do what you want. Me too. |
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 30, 2017 13:30:54 GMT
I certainly did not put anymore into this loan. With only 68 days left and Q on SM of circa £376k, I wonder if those people buying into the latest tranche, will have the same attitude IF the loan goes into default and they are stuck with loan parts not earning anything.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jun 30, 2017 13:44:02 GMT
It's clear. But why is it so important for you not to help someone withdraw his/her funds? You may appear in the same situation tomorrow. I always prefer SM, just for the reason you don't.Firstly: I don't understand your logic in the comment which I have highlighted. I explained that my reason for preferring the PM is to help the platform and the development. Your reason for preferring the SM cannot be the same for it only helps those trying to sell on the SM.
Secondly: If everyone wanting a piece of DFL005 decided to buy from the SM (£316k available) instead of the latest tranche on the PM (£358k available) then it would could seriously delay filling the tranche which could subsequently delay the development. The DFL tranches must be funded somehow. This is for the long term good of the development and also those trying to sell on the SM.
Thirdly: I only have the choice if a new tranche comes up in a DFL and I'm also interested in increasing my stake. Then, to repeat, I will prefund the tranche rather than buy on the SM. However, I don't often have this choice.
Lastly: My total investment in Lendy is probably 75% from SM purchases and 25% from prefunding (this is a guess, I don't keep a record of this). I like the SM and have used it as buyer and seller. For the most part it has worked fine for me.
As I type, the tranche has just gone live. Currently the SM queue is £270k whereas the SM availability is £330k (I have £1 worth so I can keep track). Therefore, we know that somewhere along the line, there is at least £60k which has been underwritten. I have no idea if it was the latest tranche but my guess is that it was not fully funded as there are amounts in the 'investor activity' of up to £10k which would be very unusual for a fully funded tranche of this size. If Lendy need to find underwriters for these tranches then it will cost them more than regular investors.
Once again: it is better that the tranches are fully funded.
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papo
trading & P2P
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Post by papo on Jun 30, 2017 17:59:16 GMT
You are very clever... must be very rich...
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mikes1531
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Post by mikes1531 on Jul 24, 2017 1:03:28 GMT
It's clear. But why is it so important for you not to help someone withdraw his/her funds? You may appear in the same situation tomorrow. I always prefer SM, just for the reason you don't.Firstly: I don't understand your logic in the comment which I have highlighted. I explained that my reason for preferring the PM is to help the platform and the development. Your reason for preferring the SM cannot be the same for it only helps those trying to sell on the SM.
Secondly: If everyone wanting a piece of DFL005 decided to buy from the SM (£316k available) instead of the latest tranche on the PM (£358k available) then it would could seriously delay filling the tranche which could subsequently delay the development. The DFL tranches must be funded somehow. This is for the long term good of the development and also those trying to sell on the SM. My apologies for coming into this thread late... IMHO both positions seem reasonable in isolation, but I think they are related and affect each other because of the impact on investor confidence and willingness to invest further. If new money all goes into the new tranches, and the SM stagnates and parts are difficult to sell, then ISTM that will cause some would-be investors to decide not to invest because they can't see what they think is a reasonable exit possibility. That could cause a downward spiral of support. If OTOH all new money goes into buying SM parts, then while that might appear to make it harder to fund the new tranches, the reduced SM queue could encourage more people to invest because they might feel that they could exit without a lot of difficulty if they should want to. I should add that I don't feel investors should invest with the intention of a quick exit. But the availability of an exit route will encourage some people to invest more even if they have no intention of exiting. Most of those investors probably wouldn't actually try to exit, but a small SM queue would boost confidence and willingness to invest -- potentially creating a positive spiral of support.
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