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Post by geraldine1210 on Mar 12, 2017 7:02:42 GMT
Some taken overnight/this morning, down to £3,297,597 on the SM (10.40am Sat) was £3,799,590 24hrs ago, not including defaults. crossed with geraldine1210 Yes, went down 0.6M with yesterday's bank runs (3.8M to 3.2M), instinctively today's feels smaller in terms of sales' churn, perhaps some did not expect weekend recs (or have given up on paying!), may have to see after weekend if investors have rustled up much more yet. Still hovering around about the same amount. Just had a quick glance at the defaulted loans page. At last people have stopped buying parts.
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mickj
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Post by mickj on Mar 12, 2017 10:28:29 GMT
Yes, went down 0.6M with yesterday's bank runs (3.8M to 3.2M), instinctively today's feels smaller in terms of sales' churn, perhaps some did not expect weekend recs (or have given up on paying!), may have to see after weekend if investors have rustled up much more yet. Still hovering around about the same amount. Just had a quick glance at the defaulted loans page. At last people have stopped buying parts. £3,176,663 on SM just now, I wonder if anyone has credit and is able to buy ? whens the next bank run for SS.
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elliotn
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Post by elliotn on Mar 12, 2017 10:53:23 GMT
If no catch up today, then around c9am tomorrow.
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GeorgeT
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Post by GeorgeT on Mar 12, 2017 11:20:53 GMT
It will clear to zilch when pbl143 repays. Remember SS told us about 3 weeks ago that repayment was imminent and that's a biggie at £7.9m. It must be due to land in investors accounts any day now......
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seeingred
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Post by seeingred on Mar 12, 2017 11:27:08 GMT
"It will clear to zilch when pbl143 repays."
Is that a prediction or a racing certainty?
I have a feeling the SM may be heading into unchartered waters.
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pom
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Post by pom on Mar 12, 2017 11:28:38 GMT
It will clear to zilch when pbl143 repays. Remember SS told us about 3 weeks ago that repayment was imminent and that's a biggie at £7.9m. It must be due to land in investors accounts any day now...... Property sales rarely go smoothly, wouldn't count on it happening until it does (and then we'll probably all be bitching that it's paid early)
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lobster
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Post by lobster on Mar 12, 2017 11:33:39 GMT
Well a*******r is in a confident mood this morning He/she has just made a 50k purchase of DFL017. Now down to 1.85m available.
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Post by Deleted on Mar 12, 2017 11:36:17 GMT
It will clear to zilch when pbl143 repays. Remember SS told us about 3 weeks ago that repayment was imminent and that's a biggie at £7.9m. It must be due to land in investors accounts any day now...... Property sales rarely go smoothly, wouldn't count on it happening until it does (and then we'll probably all be bitching that it's paid early) pom yep and also pbl040 and pbl095 should be repaying imminently if you believe in fairy tales (alternatively known as the loan book update!) not sure all the dfl017 would go though as some might choose the opportunity to move funds elsewhere?
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seeingred
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Post by seeingred on Mar 12, 2017 12:42:27 GMT
"and also pbl040 and pbl095 should be repaying imminently if you believe in fairy tales"
And there is pbl073 at nearly 5 million in final stages of refinance.....so total of nearly £15 million?
You could also add in Glos loans because a recent update said they were racing to refinance, maybe.......
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jonah
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Post by jonah on Mar 12, 2017 13:12:04 GMT
"It will clear to zilch when pbl143 repays." As pebble 143 is now, by some margin, my largest SS holding, I'm happy if that doesn't happen for another week or month or two I have a feeling the SM may be heading into unchartered waters. Post brexit referendum the peak was 4.8million on the SM. Took a while to have that lot digested. So we aren't quite at records at this point. That said, I suspect we are a week or so from setting a new 'default loans on offer on the SM' record.
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cooling_dude
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Post by cooling_dude on Mar 12, 2017 14:08:22 GMT
I have a feeling the SM may be heading into unchartered waters. Post brexit referendum the peak was 4.8million on the SM. Took a while to have that lot digested. So we aren't quite at records at this point. That said, I suspect we are a week or so from setting a new 'default loans on offer on the SM' record. At that time, SS helped the SM by repaying (before drawdown) 3 of the London 9 - totalling almost £3m. They need a big repayment or a climbdown on DFL017 for the SM to settle. In fact, I'm not sure a big repayment will do the job.
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jomantha
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Post by jomantha on Mar 12, 2017 14:15:22 GMT
I assume the SM can't go down unless people can get funds in which is at its usual weekend standstill? I am still waiting to sell bits on - but as I posted elsewhere don't want to lost my new loan part and sell - so I wont be doing anything until it does - if I lose the 017 in the interim so be it.
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elliotn
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Post by elliotn on Mar 12, 2017 14:45:54 GMT
I assume the SM can't go down unless people can get funds in which is at its usual weekend standstill? I am still waiting to sell bits on - but as I posted elsewhere don't want to lost my new loan part and sell - so I wont be doing anything until it does - if I lose the 017 in the interim so be it. SS may have a word if you renege on loan purchases. You shouldn't have much problem buying it back when your sales do go through.
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dzo
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Post by dzo on Mar 12, 2017 15:18:45 GMT
They need a big repayment or a climbdown on DFL017 for the SM to settle. By a climbdown, do you mean withdrawing it and reissuing at a higher rate? Is there any precedent for that? It would be quite embarrassing for SS, but it seems like DFL017 will take a long time to fill at the current rate, especially if a lot of people fail to pay for their loan parts as some here predict. Maybe SS will fund the rest themselves to save face.
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ilmoro
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Post by ilmoro on Mar 12, 2017 15:31:10 GMT
I assume the SM can't go down unless people can get funds in which is at its usual weekend standstill? I am still waiting to sell bits on - but as I posted elsewhere don't want to lost my new loan part and sell - so I wont be doing anything until it does - if I lose the 017 in the interim so be it. Or people cancel loan part sales.
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