elliotn
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Post by elliotn on Apr 19, 2017 7:42:45 GMT
Possibly Ifisexit.
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vmail
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Post by vmail on Apr 19, 2017 8:39:54 GMT
19th at 8.30am : £1,616,250.00 available on the SM over 68 loans and additional £343,444.00 under the default tab over 13 loans (unlucky for some). Interesting to see investments still being made in the defaults, PBL056 for example £830.81 in April so far. Was that because those transactions were made before then loans were upgraded to defaulted?
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seeingred
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Post by seeingred on Apr 19, 2017 17:23:36 GMT
All the bloated SM needs is £7 million of new pipeline loans - no chance to sell older loans now?
Almost £2 million will be returned from PBL135, but not just yet.....
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jamesc
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Post by jamesc on Apr 19, 2017 17:46:12 GMT
All the bloated SM needs is £7 million of new pipeline loans - no chance to sell older loans now? Almost £2 million will be returned from PBL135, but not just yet..... Is it just me or does anyone else think that SS are pumping loans out a bit too quickly, anyone any guesses how much PBL173 will still be on the SM in a weeks time ? On the plus there is still another million to come from PBL122 when it repays.
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dzo
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Post by dzo on Apr 19, 2017 20:34:13 GMT
All the bloated SM needs is £7 million of new pipeline loans - no chance to sell older loans now? Almost £2 million will be returned from PBL135, but not just yet..... Is it just me or does anyone else think that SS are pumping loans out a bit too quickly, anyone any guesses how much PBL173 will still be on the SM in a weeks time ? On the plus there is still another million to come from PBL122 when it repays. It's not so long ago we were desperate for new pipeline loans. I'm a bit puzzled by the seeming lack of new investment. Lendy didn't used to have to wait for repayments to clear the SM. Are new lenders being lured away by rival platforms? Has new investor interest in p2p peaked for now? Are people putting their money in LISAs instead?
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GeorgeT
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Post by GeorgeT on Apr 19, 2017 20:41:09 GMT
Don't forget that April is a 30 day month and in just 10 or 11 days time there will be another interest run which will virtually wipe the secondary market clean again. Sale action will be slow until the end of the month but then there will be a big shift. People with a good level of steel and nerves might want to delay listing their dubious loan parts until the end of the month because otherwise they may lose interest while they sit in a crawling sales queue.
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Post by p2plender on Apr 20, 2017 0:52:12 GMT
Is it just me or does anyone else think that SS are pumping loans out a bit too quickly, anyone any guesses how much PBL173 will still be on the SM in a weeks time ? On the plus there is still another million to come from PBL122 when it repays. Certainly agree and it's ruining the liquidity of the sm which I think I'm correct in saying, has always been a major attraction of SS.
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elliotn
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Post by elliotn on Apr 20, 2017 3:30:05 GMT
Certainly agree and it's ruining the liquidity of the sm which I think I'm correct in saying, has always been a major attraction of SS. Ly are aiming to become the premier proptech platform this year with more origination than the outstanding loan book. That may not be to everyone's liking.
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Post by jackpease on Apr 20, 2017 5:35:27 GMT
Well its taken me 24 hours to liquidate all but £4k of my £20k holding which isn't bad. What seems to have changed in recent weeks is that you needed to dump before about 40 days - it seems 70 days is now when the queue mushrooms so my 'illiquid' £4k is all in the 60-70 day bracket and i'm not unduly worried. As others have said we've been here before and its sorted itself out - but there is always a first time! Jack P
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lobster
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Post by lobster on Apr 20, 2017 6:51:17 GMT
Well its taken me 24 hours to liquidate all but £4k of my £20k holding which isn't bad. What seems to have changed in recent weeks is that you needed to dump before about 40 days - it seems 70 days is now when the queue mushrooms so my 'illiquid' £4k is all in the 60-70 day bracket and i'm not unduly worried.As others have said we've been here before and its sorted itself out - but there is always a first time! Jack P So are you confident that your loans in the 60-70 day range will sell ? Or is it more that you are happy to hold these loans to maturity ? Just asking to try and get a handle on how others view the risks involved. I'm quite a lot more cautious than you by the sound of it, but maybe such an approach is costing me. Guess it's the old game of trying to balance risk vs reward.
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capucino
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Post by capucino on Apr 20, 2017 7:20:46 GMT
The uncertainty around the PF is not helping either
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Post by jackpease on Apr 20, 2017 8:43:25 GMT
Well its taken me 24 hours to liquidate all but £4k of my £20k holding which isn't bad. What seems to have changed in recent weeks is that you needed to dump before about 40 days - it seems 70 days is now when the queue mushrooms so my 'illiquid' £4k is all in the 60-70 day bracket and i'm not unduly worried.As others have said we've been here before and its sorted itself out - but there is always a first time! Jack P So are you confident that your loans in the 60-70 day range will sell ? Or is it more that you are happy to hold these loans to maturity ? Just asking to try and get a handle on how others view the risks involved. I'm quite a lot more cautious than you by the sound of it, but maybe such an approach is costing me. Guess it's the old game of trying to balance risk vs reward. i'd like to sell them but not putting them in the queue (give or take a £22.22 marker!) losing interest. I think that that those who used to sell at 30 days then sold at 40 then 50 etc etc and now the 'pros' are selling at 99 days! I'm sure this 'trigger' point will wax and wane and as others have said interest is due at the end of the month. I think loads of people will have done end-of-tax year ISA/pension juggling so as we start the new tax year people will be pickier. But in the end whatever gripes people have about SS, presentationally others may appear to offer a better alternative but in terms of underlying essentials, if you want high risk loans then SS is as good as it gets so not unduly worried. Jack P
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Post by p2plender on Apr 20, 2017 9:15:40 GMT
100 days is the new 30 days. This is 'hot potato/pass the parcel' investing at its best..
Of course Lendy will keep a very strict eye on the pipeline and a passing glance at the newly created default page.
Keep reading more and more are thinning out their holdings..
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GeorgeT
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Post by GeorgeT on Apr 20, 2017 10:09:07 GMT
100 days is the new 30 days. This is 'hot potato/pass the parcel' investing at its best.. Of course Lendy will keep a very strict eye on the pipeline and a passing glance at the newly created default page. Keep reading more and more are thinning out their holdings.. Interesting. I have been operating for the past 2 months on the basis that 60 days is the new 30 days. However I have been proven to be wrong because I have a lot of sale parts stuck in slow moving queues on loans with between 60 and 70 days to run on them. I am not panicking because I am confident they will sell albeit it will take some time and perhaps up until the interest run. What is interesting is that I am talking about loans at 12%. I will have to start rethinking my strategy and come to terms with the fact that the goal posts have moved again and 60 days is not the new 30 days. Clearly the new 30 days is closer to 100 days. I would not like to be somebody stuck holding a loan at 10% or 9% or 8% when it gets to sub 100 days to run.
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r1200gs
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Post by r1200gs on Apr 20, 2017 10:18:18 GMT
It's slow right now because we have new loans coming, people would rather invest in them than on the SM. Also quite a bit on the SM will also be to fund these new loans. Next months interest and perhaps a hefty repayment(it's coming, probably)can change the SM picture very quickly indeed. I wouldn't be too quick to consider the current picture to be the new normal. Then again, if LfSS whip another new batch of loans out of thin air.....
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