r00lish67
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Post by r00lish67 on Sept 26, 2016 10:31:35 GMT
As I recall SS are expecting payment imminently (as they are on so many loans for so many weeks) only time will tell if their optimism is justified. 'Imminently' was from last week's updates. This week it's '22nd Sept'. (Except PBL037 and PBL069, where this week's update is silent.) Hi savingstream , can you give a steer as to why these loans haven't been repaid on last Thursday (22nd) as previously advised? Is this just a minor delay, or has the recent bankruptcy of the borrower (and now former director apparently) had any impact?
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Post by wonder on Sept 27, 2016 8:41:47 GMT
In a previous post, Cooling Dude said "A loan can default within its term." How is that possible, please? The borrower pays all interest up front, no? If that's correct, then I don't see how a default can occur until the loan goes into negative days. I suspect that Cooling Dude is right, I just don't know why.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 27, 2016 8:58:12 GMT
In a previous post, Cooling Dude said "A loan can default within its term." How is that possible, please? The borrower pays all interest up front, no? If that's correct, then I don't see how a default can occur until the loan goes into negative days. I suspect that Cooling Dude is right, I just don't know why. A loan can most definitely default at any time (see here and read on). It is less likely to default in term, but you should invest with that in mind. The borrower does not pay the interest upfront; it is included in the loan and held back.
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Post by wonder on Sept 27, 2016 9:30:49 GMT
In a previous post, Cooling Dude said "A loan can default within its term." How is that possible, please? The borrower pays all interest up front, no? If that's correct, then I don't see how a default can occur until the loan goes into negative days. I suspect that Cooling Dude is right, I just don't know why. A loan can most definitely default at any time (see here and read on). It is less likely to default in term, but you should invest with that in mind. The borrower does not pay the interest upfront; it is included in the loan and held back. Thanks! The discussion to which you linked is very enlightening!
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r00lish67
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Post by r00lish67 on Sept 30, 2016 7:12:18 GMT
So..in line with the parallel thread on PBL056, given that these loans are already in negative territory in days remaining, shouldn't these be red-boxed too? I understand that in theory these should be redeemed imminently (although saying the word 'imminently' causes me to wince slightly in the context of SS :-) but surely investors still happily buying chunks of these loans should be informed that the value of their investment is now wholly dependent on the sale of the properties...?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 30, 2016 9:22:22 GMT
So..in line with the parallel thread on PBL056, given that these loans are already in negative territory in days remaining, shouldn't these be red-boxed too? I understand that in theory these should be redeemed imminently (although saying the word 'imminently' causes me to wince slightly in the context of SS :-) but surely investors still happily buying chunks of these loans should be informed that the value of their investment is now wholly dependent on the sale of the properties...? PBL020 also had a lull between the receivers being appointed and the big red box appearing. My guess is there is some point when the loan has technically defaulted, between the receivers being approached, and them accepting. There is also possibility that Lendy Ltd has cancelled receivership, and that CH has yet to update the details
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mikes1531
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Post by mikes1531 on Sept 30, 2016 16:22:05 GMT
There is also possibility that Lendy Ltd has cancelled receivership, and that CH has yet to update the details Doesn't look likely based on today's update.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 30, 2016 16:24:35 GMT
There is also possibility that Lendy Ltd has cancelled receivership, and that CH has yet to update the details Doesn't look likely based on today's update. Yes - It's been a fast-moving day!
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dan83
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Post by dan83 on Oct 22, 2016 11:38:56 GMT
Secondary market is flooded with loans again. I logged on at 7am this morning to sell some and it had quite a lot on then. The loans I had up for sale still sold in minutes.
Is this recent flooded secondary market anything to worry about for the people who need to sell to be able to buy into the big loan that is suppose to be coming off today?
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ablender
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Post by ablender on Oct 22, 2016 12:06:58 GMT
SM goes through phases - ups and downs. Only you can decide if it is something to worry about. Do you need to sell something that has a saturated SM? Can you sell something else instead?
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dan83
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Post by dan83 on Oct 22, 2016 12:56:35 GMT
I plan on selling a large chunk of DFL004, I feel I'm over subscribed to that loan with 1/3 of my total loans in that 1 deal. I've not noticed it on the SM when I've looked, but that willprob change if this loan comes off.
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Liz
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Post by Liz on Oct 22, 2016 13:00:09 GMT
I plan on selling a large chunk of DFL004, I feel I'm over subscribed to that loan with 1/3 of my total loans in that 1 deal. I've not noticed it on the SM when I've looked, but that willprob change if this loan comes off. Good idea. I thought my 10% in DFL004 was large!
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elliotn
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Post by elliotn on Oct 22, 2016 15:51:17 GMT
I've dropped it from c15% to under 10%. I thought why not let someone else have the interest while I wait for PBL*** to go live  . |
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