GeorgeT
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Post by GeorgeT on Apr 25, 2017 11:28:45 GMT
Rejoice.
This just confirms what I was saying to the panickers only yesterday. Hold your horses my friends. We have 3 million here, there is an interest run in 5 or 6 days, there are 2 other new loans due for repayment any day now. The secondary market will look a very different place this time next week.
Folks should remember that Ly know before us all this is about to happen and these guys know what they are doing because we have been in this situation so many times before and LY have stepped in with a perfectly timed repayment to ease the fears.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Apr 25, 2017 11:39:02 GMT
Repaid £3,500,000 should make a nice dent in the SM  It certainly has.
In half an hour, more than £300k was spent on long term 12% loans. There is now nothing available at 12% over 200 days.
EDIT - The investors are now biting off chunks of PBL143 which currently has £77k £75k available.
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r1200gs
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Post by r1200gs on Apr 25, 2017 11:39:47 GMT
2.7 million go live of course. Still, that and the interest at the end of the month. I've only got one loan for sale that's stalled and I'm having second thoughts about selling it any way. Even with the 2.7m going live tomorrow, which I think will struggle to fill at 10%, the healthy 12%ers should start to shrink considerably - and then there is the interest run around the corner. All in all, it shouldn't be a bad week ahead for the SM liquidity. It was a great couple of weeks for those looking to invest in good quality loans on the SM (especially new investors, who we'll no doubt see on the forum in the coming weeks complaining about the lack of activity on the SM  ) I've just withdrawn cash rather than fund 173 and I don't think I'll be the only one. Yes, there'll no doubt soon be complaints about a lack of loans on the SM!
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lobster
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Post by lobster on Apr 25, 2017 12:16:24 GMT
Rejoice. This just confirms what I was saying to the panickers only yesterday. Hold your horses my friends. We have 3 million here, there is an interest run in 5 or 6 days, there are 2 other new loans due for repayment any day now. The secondary market will look a very different place this time next week. Folks should remember that Ly know before us all this is about to happen and these guys know what they are doing because we have been in this situation so many times before and LY have stepped in with a perfectly timed repayment to ease the fears. I must confess that I can barely believe the massive impact of todays repayment on the SM. I would have thought that plenty of investors might be reluctant to reinvest with the various issues discussed on this board : 1. Depleted PF (allegedly) 2. The seeming glut of defaulted loans.
3. Questionable quality of Lendy DD , and a couple of seemingly dodgy lenders.
However, despite this, all is love , light & laughter in Lendyland 
I've been pretty worried to be honest, particularly over the last 48 hours when I've been struggling to lighten the load by selling some good looking stuff ie. long dated 12% loans , which just weren't shifting, but as soon as that repayment came through they just shot off the shelf. Happy days , I guess. Maybe I just get nervous too easily and should try and view the world a little differently.
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elliotn
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Post by elliotn on Apr 25, 2017 15:17:45 GMT
Repaid £3,500,000 should make a nice dent in the SM 2.7 million go live of course. Still, that and the interest at the end of the month. I've only got one loan for sale that's stalled and I'm having second thoughts about selling it any way. Did you leave Ly after your castle refused to sell?
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r1200gs
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Post by r1200gs on Apr 26, 2017 12:31:07 GMT
2.7 million go live of course. Still, that and the interest at the end of the month. I've only got one loan for sale that's stalled and I'm having second thoughts about selling it any way. Did you leave Ly after your castle refused to sell? No, I just revised the way I invest on Lendy. The castle sold, eventually. :-)
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