mickj
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Post by mickj on Sept 21, 2016 11:04:04 GMT
In hindsight the answer was to sell your Cardiff loans on the SM, except that if everybody tried that there wouldn't have been enough demand even with people looking for ultra-safe, ultra-short term loans. (Also in hindsight, I suppose I could have grabbed the float from a current account being used as a savings account, and joined in as a buyer rather than a seller.) This is what I did. I am (hopefully very temporarily) overweight in P2P, but it hardly takes any effort to move money from a current account or two into MT and back out again a few days later. Also overweight in P2P, the Cardiff repayment will address this for me and allow some Birkenhead investment, love the way moving funds in & out of MT is so efficient.
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Sept 21, 2016 11:22:22 GMT
Changing a subject a bit...
Introducing tranche A & B with 10% & 13% rate may be for different risk profiles but also may save (make) MT some money...
At 12%*900k there would be 108k interests for a year, at 10%*600k (60k) + 13%*300k (39k) = 99k. So it looks like nice 9k "additional profit".
To make it "fair" to us investors the tranche B would need to be 16% - that would bring the interests to 48k.
No complaining just an observation.
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SteveT
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Post by SteveT on Sept 21, 2016 11:30:30 GMT
More likely it would have been at 11%
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Maestro
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Post by Maestro on Sept 21, 2016 11:31:52 GMT
Changing a subject a bit... Introducing tranche A & B with 10% & 13% rate may be for different risk profiles but also may save (make) MT some money... At 12%*900k there would be 108k interests for a year, at 10%*600k (60k) + 13%*300k (39k) = 99k. So it looks like nice 9k "additional profit". To make it "fair" to us investors the tranche B would need to be 16% - that would bring the interests to 48k. No complaining just an observation. Do you see any BPF loan on MT offering 12%? They are usually 10-11%. So its bit of an assumption that they would have offered 12% on this without A/B tranches. At 11%*900K you get 99K, so no extra saving for MT if they had listed it at 11% without tranches.
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Post by MoneyThing on Sept 21, 2016 11:39:45 GMT
Afternoon,
Had we not tested the water with tranches on this loan, we would have launched it at 11% over the whole £900,000 (the £300,000 @ 13% & £600,000 @ 10% work out as the same total interest paid to lenders).
Regards,
Ed
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Investboy
Member of DD Central
Trying to recover from P2P revolution
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Post by Investboy on Sept 21, 2016 11:39:55 GMT
Changing a subject a bit... Introducing tranche A & B with 10% & 13% rate may be for different risk profiles but also may save (make) MT some money... At 12%*900k there would be 108k interests for a year, at 10%*600k (60k) + 13%*300k (39k) = 99k. So it looks like nice 9k "additional profit". To make it "fair" to us investors the tranche B would need to be 16% - that would bring the interests to 48k. No complaining just an observation. Do you see any BPF loan on MT offering 12%? They are usually 10-11%. So its bit of an assumption that they would have offered 12% on this without A/B tranches. At 11%*900K you get 99K, so no extra saving for MT if they had listed it at 11% without tranches. True. Fair comment. At 11% math checks out.
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arbster
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Post by arbster on Sept 21, 2016 14:16:51 GMT
One final question bengilbert. What is the status of the 25% deposits that have been taken, and if there are related charges against the development, where do they rank with respect to this drawdown?
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jimbob
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Post by jimbob on Sept 21, 2016 14:59:38 GMT
Almost 4...
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 21, 2016 15:03:42 GMT
Seems popular Bit of a lag on the site MoneyThing , taking several seconds for the pages to load
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treeman
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Post by treeman on Sept 21, 2016 15:05:22 GMT
Going down really fast as expected! Be surprised if B goes for longer than 5 mins ! Given the obviously heavy load on the site, only minimal drag loading and bidding <EDIT> 16:05:49 and B is done !
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ptr120
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Post by ptr120 on Sept 21, 2016 15:06:24 GMT
the tranche at 13% is all gone!
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justsaying
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Post by justsaying on Sept 21, 2016 15:06:54 GMT
Wow tranche B all gone in 6 minutes and tranche A going fast - good thing you did put a bid limit on it MoneyThing
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jimbob
Member of DD Central
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Post by jimbob on Sept 21, 2016 15:07:37 GMT
Going down really fast as expected! Be surprised if B goes for longer than 5 mins ! Given the obviously heavy load on the site, only minimal drag loading and bidding <EDIT> 16:05:49 and B is done ! Yep B done - Must admit I am entirely in A..
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Sept 21, 2016 15:10:17 GMT
I'm not really sure quite how much will have been learned by releasing this new tranche model at a time when there has been quite so much money available from the large Cardiff loan having paid back. Both tranches of this were essentially bound to fill really quickly. More would surely be learned by testing the model when there had been little or no idle cash in accounts? Certainly I have invested fully in both tranches, and I wouldn't have done that without money needing to be soaked up; maybe that's just me displaying what would be atypical behaviour, but unlikely I'd have thought.
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Post by ydobon on Sept 21, 2016 15:13:00 GMT
I may be in the minority, but I preferred the look of tranche A, anyway. Must be getting more cautious in my old age
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