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Post by p2plender on May 5, 2017 0:45:22 GMT
Don't expect the sm to be cleared anytime soon! The junkline is filling up again nicely again. Deary me Lendy.
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r1200gs
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Post by r1200gs on May 5, 2017 10:59:08 GMT
Don't expect the sm to be cleared anytime soon! The junkline is filling up again nicely again. Deary me Lendy. Yes, loans to take borrowers out of receivership. I really don't like the sound of that. I have a little bit of the DFL013 for sale and it's moved by a spectacular £5.70 so far today. So far, my only stuck loan and now the dilemma, do I cancel the sale? Still, it reinforces the message, only buy loans you are happy to take to conclusion.
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GeorgeT
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Post by GeorgeT on May 6, 2017 20:39:46 GMT
Well, based on my personal performance I would say the SM was very slow yesterday (Friday) but has been a lot more active today.
I wonder if there are Mon-Fri workers who only manage their investments at the weekend.
Today I have sold a lot more loan parts than yesterday and, in addition, at around 4pm today somebody was selling some very succulent long dated 12%ers. I was beaten to the nocaptcha in most cases but still managed to enhance my stake slightly in 2 nice loans.
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GeorgeT
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Post by GeorgeT on May 7, 2017 20:31:54 GMT
Sunday SM Activity Report:
Today I have found buyers to be very sparse on the secondary market. It is clear that Sunday is not a big day for buyers and of course Sunday afternoon is Super Sunday on the television.
However, buyers returned to the website at about 8 p.m. this evening and in the last two hours I have secured a few sales but activity has been markedly slower than yesterday.
I am expecting an upturn in activity on Monday when the new working week starts.
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vmail
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Post by vmail on May 7, 2017 20:41:49 GMT
Queue changes (combined for PBL103, DFL001, DFL002 and DFL004)
04/05/2017 Jumped up by £20,768.22
05/05/2017 Jumped up by £11,724.11
06/05/2017 Jumped up by £20,579.83
07/05/2017 Jumped up by £19,689.99
08/05/2017 Jumped up by £10,129.06(upto now)
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david42
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Post by david42 on May 7, 2017 23:09:44 GMT
Queue changes (combined for PBL103, DFL001, DFL002 and DFL004) 04/05/2017 Jumped up by £20,768.22 05/05/2017 Jumped up by £11,724.11 06/05/2017 Jumped up by £20,579.83 07/05/2017 Jumped up by £19,079.99 (upto now) Are you aware of Jonah's availability tracker, which tracks secondary market availability for us?
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vmail
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Post by vmail on May 7, 2017 23:46:26 GMT
That only tells you what is available and not how quickly the queues are moving.
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Post by freedommmm on May 8, 2017 17:26:33 GMT
Today seems to be an ultimate standstill for any selling queues. Lendy management, wake up!
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Liz
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Post by Liz on May 8, 2017 17:28:48 GMT
Today seems to be an ultimate standstill for any selling queues. Lendy management, wake up! You don't have a right to sell! If you need to sell loans you might have to use a site where you can sell at a discount.
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Post by freedommmm on May 8, 2017 18:00:07 GMT
Today seems to be an ultimate standstill for any selling queues. Lendy management, wake up! You don't have a right to sell! If you need to sell loans you might have to use a site where you can sell at a discount. Such as which one exactly? If it exists, who gets passed the discount: the buyers like ourselves, or the site company itself?
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dzo
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Post by dzo on May 8, 2017 18:02:52 GMT
You don't have a right to sell! If you need to sell loans you might have to use a site where you can sell at a discount. Such as which one exactly? If it exists, who gets passed the discount: the buyers like ourselves, or the site company itself? Funding Secure let you sell at a discount. The buyer benefits.
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GeorgeT
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Post by GeorgeT on May 8, 2017 18:59:34 GMT
Today seems to be an ultimate standstill for any selling queues. Lendy management, wake up! It has been very slow today. When I checked my emails at about 11am I had sold 3 x £100 loan parts in the morning. I have sold nothing all afternoon and evening. In fact, at 11am, I noted one of my loan parts was 70% part sold so I thought that would definitely be sold today, but it still hasn't. For anything sub 100 days and sub 12%, selling is becoming a luxury bonus rather an expectation. It's still easy to sell long dated 12% loans but being able to sell anything else cannot be relied upon. People need to invest with that in mind and be careful what loans they invest in and how long they hold them. Also, I think it's a good idea to favour smaller loans over mega loans. It stands to reason that if 5% of parts in a small loan are up for sale there will be a much smaller queue than if 5% of parts in a massive loan are available. Liquidity is also related to size of loan, obviously. One reason why early sellers might want to avoid the very big ones (£3m+). It's not Lendy's problem though. They have never guaranteed people could sell, all they do is provide a SM to provide that possibility.
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vmail
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Post by vmail on May 8, 2017 19:48:37 GMT
Today seems to be an ultimate standstill for any selling queues. Lendy management, wake up! It depends on what you are selling. DFL003, Listed £3,158.00 just after midnight and it was sold before 8:30am PBL103 queue has moved by £150.00 (estimated time to start selling 44 days) DFL002 queue has moved by £636.00 (estimated time to start selling 21 days) DFL001 queue has moved by £1,579.87 (estimated time to start selling 25 days) DFL004 queue has moved by £14,918.12 and a bit (estimated time to sell out 3 days) So far the queue has moved by about £20,441.99 for me
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seeingred
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Post by seeingred on May 8, 2017 21:10:25 GMT
On 8 May so far (10pm) , DFL002 has sold a total of £350.
Likewise DFL001 has sold £730, so your figures must include people removing loans from sale.
The amount of DFL004 available on the SM has increased by about £60,000 in last few hours.
People giving up hope of selling is not quite the same perspective as people actively buying.
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vmail
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Post by vmail on May 8, 2017 22:26:22 GMT
On 8 May so far (10pm) , DFL002 has sold a total of £350. Likewise DFL001 has sold £730, so your figures must include people removing loans from sale. The amount of DFL004 available on the SM has increased by about £60,000 in last few hours. People giving up hope of selling is not quite the same perspective as people actively buying. I'm at the front of DFL004 now. I guess the people who are jumping out of the queue are messing up my estimates.
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