cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Oct 24, 2016 12:13:45 GMT
Seems they have listened  Lots of juicy new updates (some backdated ones)... |
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 24, 2016 13:48:10 GMT
Seems they have listened Lots of juicy new updates (some backdated ones)... : Are you suggesting that SS have put up some new updates and dated them so that we're meant to think they appear a few days ago and we just didn't notice? If that's true, IMHO that's a rather unprofessional practice, and I would have expected better from SS.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Oct 24, 2016 13:56:47 GMT
Seems they have listened Lots of juicy new updates (some backdated ones)... : Are you suggesting that SS have put up some new updates and dated them so that we're meant to think they appear a few days ago and we just didn't notice? If that's true, IMHO that's a rather unprofessional practice, and I would have expected better from SS. I'm not suggesting that; just an observation that some updates that were not there yesterday have been added today, but are listed as being 3 days old. I don't think SS are being deceptive. Not new; it's been going on for some time now.
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Post by savingstream on Oct 24, 2016 13:59:57 GMT
Seems they have listened Lots of juicy new updates (some backdated ones)... : Are you suggesting that SS have put up some new updates and dated them so that we're meant to think they appear a few days ago and we just didn't notice? If that's true, IMHO that's a rather unprofessional practice, and I would have expected better from SS. No Mike thats not correct. Our support staff wrote some of the updates on Friday hence they are '3 days old'.
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Post by steelspanner on Oct 24, 2016 14:33:15 GMT
Would it not have been better for SS to have put the updates of these loans on Friday instead of today
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SteveT
Member of DD Central
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Post by SteveT on Oct 24, 2016 14:35:34 GMT
Would it not have been better for SS to have put the updates of these loans on Friday instead of today They may have been a bit busy on Friday, getting things sorted for the minor challenge of a short-notice £7.9m loan.
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arbster
Member of DD Central
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Post by arbster on Oct 24, 2016 14:45:45 GMT
Are you suggesting that SS have put up some new updates and dated them so that we're meant to think they appear a few days ago and we just didn't notice? If that's true, IMHO that's a rather unprofessional practice, and I would have expected better from SS. It's frankly ridiculous to suggest that savingstream would somehow attempt to do this, especially given the level of "scrutiny" they're under on this forum. I fear your tin-foil hat may have slipped over your eyes...
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r00lish67
Member of DD Central
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Post by r00lish67 on Oct 25, 2016 4:28:31 GMT
Seems they have listened Lots of juicy new updates (some backdated ones)... Firstly, thanks savingstream for the updates. I'm glad we have some clarity now as to where we are. I'm now just wondering where PBL's 037, 38, 39, 40, 47, 48, 67, 68, 69, 70, 71, which are all financing elsewhere (some "supposedly" which I don't like the sound of) and mostly at SS's request are actually going to go. Isn't Savingstream already one of the very highest risk bridging lenders that can cope with large loans? If Saving stream don't want them, I can't see MT taking it. FS might, but they probably have enough on their plate already. Plus these loans will already have a very visible past. Could this be a case for Feeling Chided after their recent expose? No. Any ideas? At least now we have current information to form our own views as to whether we feel the exit strategies will be viable.
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Post by dualinvestor on Oct 25, 2016 5:10:31 GMT
Seems they have listened Lots of juicy new updates (some backdated ones)... Firstly, thanks savingstream for the updates. I'm glad we have some clarity now as to where we are. I'm now just wondering where PBL's 037, 38, 39, 40, 47, 48, 67, 68, 69, 70, 71, which are all financing elsewhere (some "supposedly" which I don't like the sound of) and mostly at SS's request are actually going to go. Isn't Savingstream already one of the very highest risk bridging lenders that can cope with large loans? If Saving stream don't want them, I can't see MT taking it. FS might, but they probably have enough on their plate already. Plus these loans will already have a very visible past. Could this be a case for Feeling Chided after their recent expose? No. Any ideas? At least now we have current information to form our own views as to whether we feel the exit strategies will be viable. Whilst you are probably corect about the relative size of the platforms and level of interest don't be distracted by their hyperbole about how big they are in any particular market. P2P as a whole represents a tiny proportion of the secured lending and bridging loan market. Having said that, personally, I would not be holding my breath on any "expected" "imminent" refinancing or sales in respect of many of the loans where this is mentioned in the update.
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ablender
Member of DD Central
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Post by ablender on Oct 25, 2016 8:33:58 GMT
Seems they have listened Lots of juicy new updates (some backdated ones)... Firstly, thanks savingstream for the updates. I'm glad we have some clarity now as to where we are. I'm now just wondering where PBL's 037, 38, 39, 40, 47, 48, 67, 68, 69, 70, 71, which are all financing elsewhere (some "supposedly" which I don't like the sound of) and mostly at SS's request are actually going to go. Isn't Savingstream already one of the very highest risk bridging lenders that can cope with large loans? If Saving stream don't want them, I can't see MT taking it. FS might, but they probably have enough on their plate already. Plus these loans will already have a very visible past. Could this be a case for Feeling Chided after their recent expose? No. Any ideas? At least now we have current information to form our own views as to whether we feel the exit strategies will be viable. According to the update, 37, 38, 39, 69, 70, 71 already have someone to take them up (in the wing) if they are not refinanced elsewhere.
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Post by charliebrown on Oct 25, 2016 12:27:06 GMT
The updates from SS are very welcome. I'd also like to think that SS did read this thread and listen to our pleas. My next request/ hope is that SS do their DD on all updates. If they state that the borrower has secured alternative finance or there are buyers willing to purchase the asset then have they seen evidence of this? Cynically, some of the updates feel half-baked and unsubstantiated (just a gut feeling).
Regarding the Gloucs loans, which I'm holding 5 figures of, then I feel it looks like time will tell. I'm not confident I can shift them on SM or that they'll be repaid. I'm not complaining, we all know the risks. I mentally prepared myself for losses; c'est la vie.
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ped
Member of DD Central
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Post by ped on Oct 25, 2016 20:52:28 GMT
Got some good news for u charliebrown it's called 9%...... I can see anything with 12% selling soon. |
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Post by geraldine1210 on Oct 26, 2016 6:43:22 GMT
The updates from SS are very welcome. I'd also like to think that SS did read this thread and listen to our pleas. My next request/ hope is that SS do their DD on all updates. If they state that the borrower has secured alternative finance or there are buyers willing to purchase the asset then have they seen evidence of this? Cynically, some of the updates feel half-baked and unsubstantiated (just a gut feeling). Regarding the Gloucs loans, which I'm holding 5 figures of, then I feel it looks like time will tell. I'm not confident I can shift them on SM or that they'll be repaid. I'm not complaining, we all know the risks. I mentally prepared myself for losses; c'est la vie. Have you tried putting on the sm? Maybe putting it out a little at a time.
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Post by charliebrown on Oct 26, 2016 11:14:37 GMT
The updates from SS are very welcome. I'd also like to think that SS did read this thread and listen to our pleas. My next request/ hope is that SS do their DD on all updates. If they state that the borrower has secured alternative finance or there are buyers willing to purchase the asset then have they seen evidence of this? Cynically, some of the updates feel half-baked and unsubstantiated (just a gut feeling). Regarding the Gloucs loans, which I'm holding 5 figures of, then I feel it looks like time will tell. I'm not confident I can shift them on SM or that they'll be repaid. I'm not complaining, we all know the risks. I mentally prepared myself for losses; c'est la vie. Have you tried putting on the sm? Maybe putting it out a little at a time. I did. I'm going to be patient. There's some much better stuff on the SM right now, but I noticed it's starting to slowly dry up. Once we are back to a SM famine it might shift. Thanks for the advice folks.
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Post by geraldine1210 on Oct 26, 2016 14:22:12 GMT
Have you tried putting on the sm? Maybe putting it out a little at a time. I did. I'm going to be patient. There's some much better stuff on the SM right now, but I noticed it's starting to slowly dry up. Once we are back to a SM famine it might shift. Thanks for the advice folks. Any very rare and the next tier down good stuff is now fff. The OK stuff is becoming sparse. It is now really just the dross and the 'I'll stick in a few quid, short term' loans.
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