fp
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Post by fp on Aug 1, 2017 17:57:45 GMT
Please to see progress, the SM queue is really melting quickly in the last couple of days! We are down to 4.5m and that is even before our interest payment! However, 4.5m is still a lot to go through! Fear not, I am confident that we are in a transition period from feast to famine. I hate to think what will be left on the SM after the interest run in 4 days time - probably only a dead rat and a pack of sausages that is one week past it's sell by date. And a few loans paying just 7% or 8% interest. I sincerely hope you didn't bet the family silver on this, to me it looks about the same as it did this morning when I checked
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mikeh
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Post by mikeh on Aug 1, 2017 18:06:36 GMT
Yep. Still around the £4m mark I think. jonah Looks like another hiccup around 9:00am  |
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jonah
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Post by jonah on Aug 1, 2017 19:38:38 GMT
Yep. Still around the £4m mark I think. jonah Looks like another hiccup around 9:00am Hiccup? What? Where? If you mean the removal of the SBL from the graph, that's because Lendy have removed that group and moved them all to IA (interest accruing). It is the first of August which was the date this was stated to happen.
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mikeh
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Post by mikeh on Aug 1, 2017 20:02:30 GMT
Yep. Still around the £4m mark I think. jonah Looks like another hiccup around 9:00am Hiccup? What? Where? If you mean the removal of the SBL from the graph, that's because Lendy have removed that group and moved them all to IA (interest accruing). It is the first of August which was the date this was stated to happen. Ah Sorry. I forgot about that and got confused. My bad.
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GeorgeT
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Post by GeorgeT on Aug 1, 2017 20:10:54 GMT
I go by jonah's excellent graphs and it looks to me like the top of the green is at around the 3 million pound mark. Am I misinterpreting the graph?
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jonah
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Post by jonah on Aug 1, 2017 20:18:13 GMT
I go by jonah's excellent graphs and it looks to me like the top of the green is at around the 3 million pound mark. Am I misinterpreting the graph? The top line has reduced significantly today due to Lendy moving all SBL loans to IA, which as a deferred interest I've got under the x axis. In short, the SM is down a bit today, but less than it might appear on first glance. The graphs should now be the 'new normal' unless and until Lendy tweaks something again.
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mosaic
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Post by mosaic on Aug 1, 2017 20:21:49 GMT
I go by jonah's excellent graphs and it looks to me like the top of the green is at around the 3 million pound mark. Am I misinterpreting the graph? Unfortunately the graph is not as clear to read as it once was as we now have a larger IA amount. Jonah had previously decided to put IA as a negative value when IA was negligible compared to SBL. Not a criticism jonah , just as it seems to be. To get the current SM availability you need to add the IOA (Green) and IA (Orange) amounts together.
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jonah
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Post by jonah on Aug 1, 2017 20:26:52 GMT
Maybe I should rethink mosaic. I may have a play this weekend when there is more data. |
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moogman
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Post by moogman on Aug 1, 2017 20:27:58 GMT
I go by jonah's excellent graphs and it looks to me like the top of the green is at around the 3 million pound mark. Am I misinterpreting the graph? A little - Notice that the green/red/orange vertical block shifted down wholly Tuesday 10am (y-axis being -1.5M -> 3M = 4.5M), and thereafter a slow trickle downward. I calculate around a £24k reduction in SM today. Having said that, I've noticed too that a few slow loan parts shifted quickly today - The throughput of the SM seems to have sped up (even if it's temporary) while the size of the SM has broadly stayed the same. I'm not sure why this would be.
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fp
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Post by fp on Aug 1, 2017 20:33:48 GMT
I go by jonah's excellent graphs and it looks to me like the top of the green is at around the 3 million pound mark. Am I misinterpreting the graph? A little - Notice that the green/red/orange vertical block shifted down wholly Tuesday 10am (y-axis being -1.5M -> 3M = 4.5M), and thereafter a slow trickle downward. I calculate around a £24k reduction in SM today. Having said that, I've noticed too that a few slow loan parts shifted quickly today - The throughput of the SM seems to have sped up (even if it's temporary) while the size of the SM has broadly stayed the same. I'm not sure why this would be.Because most people who have loan parts for sale are withdrawing the proceeds form sales as they happen, whilst some people have chosen to keep interest on the platform and re-invest, any proceeds from SM sales are seemingly being withdrawn, so if for instance 500k has been reinvested today, it has only freed up 500k for withdrawal. The SM has been moving, but when a Queue has reduced, more has been added, hence the fairly flat balance which has been kept, keeping the Sm at a similar point to what it was at the beginning of the day
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GeorgeT
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Post by GeorgeT on Aug 1, 2017 21:24:46 GMT
Thanks for the explanations from all.
I still think this is good because it means the SM is working and if there is a lot of churn it means many people are able to sell in a reasonable time period (obviously overdue loans are the exception).
I've had a very good day of selling so I knew there was a lot of buying going on.
With the halt in the launch of new loans - which may be a seasonal thing rather than by design (I don't know) - the situation is definitely healthier than it was a month or 2 back.
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btc
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Post by btc on Aug 2, 2017 13:43:54 GMT
Hello, I have listed £6,000 on PBL152 and £9,000 on PBL157 if anyone is interested, both at 12% with 189/165 days remaining
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btc
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Post by btc on Aug 2, 2017 15:50:44 GMT
I have added the PBL168 £24,000
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pom
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Post by pom on Aug 2, 2017 18:11:19 GMT
I'm really surprised that the amount of defaulted loans for-sale-but-can't-actually-sell hasn't gone down. Wondering if all those people really haven't realised they can no longer sell and therefore cancelled their sales....or if perhaps they're now unable to change it? Really think Lendy should have cancelled the sales listings once they became ineligible
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Post by loftankerman on Aug 2, 2017 18:25:37 GMT
Around midnight last night I was surprised to see my least favourite loan only had a queue of around £450 on the SM. I put it all up for sale and the last part was sold at around 8:30 this morning. I was sure I was going to be in that one for a long while.
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