ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334 
Likes: 11,558
|
Post by ilmoro on Oct 12, 2015 21:08:25 GMT
Another £100k of PBL60 has just arrived. Was I the only person to pre-fund PBL60, then...? How much has gone on the market since it launched? I was starting to wonder if I'd missed something truly toxic about it, but just looking through the investment activity, somebody's had (another?) £34k of it today. No, PF was c1mil currently. About 1.5mil, 1.2mil at launch and further 300k dropped in today. Without knowing the initial prefund, impossible how much more to come. No different to PBL59, with significant sums being released into the market once availability decreased below a certian point, its just taken 60 longer to hit that point
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
|
Post by ilmoro on Oct 12, 2015 21:11:58 GMT
That's interesting - PBL58 Torquay has gone £50,000 negative!? Edit: Now £48,000 negative. Thats weird. That would suggest SS have had to reverse sales. Did they accidently sell UW funds they shouldnt have or miscalculate the remaining pot and put £50k extra onto the market by mistake?
|
|
jimbob
Member of DD Central
Posts: 317
Likes: 74
|
Post by jimbob on Oct 12, 2015 22:05:07 GMT
The office block loan size has dropped to £2m, making it a 69.6% LTV.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Oct 13, 2015 9:15:42 GMT
That's interesting - PBL58 Torquay has gone £50,000 negative!? Edit: Now £48,000 negative. Thats weird. That would suggest SS have had to reverse sales. Did they accidently sell UW funds they shouldnt have or miscalculate the remaining pot and put £50k extra onto the market by mistake? Possibly a capital reduction by the borrower? Would be an odd way to handle it, though.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
|
Post by ilmoro on Oct 13, 2015 9:25:02 GMT
Thats weird. That would suggest SS have had to reverse sales. Did they accidently sell UW funds they shouldnt have or miscalculate the remaining pot and put £50k extra onto the market by mistake? Possibly a capital reduction by the borrower? Would be an odd way to handle it, though. Hmmm, possibility. Not really any way for them to handle that that Ive seen other than redeem & relist with all that entails. Allowing SM to resolve kinda makes sense apart from glitch issue & corresponding email flurry.
|
|
paulg
Member of DD Central
Posts: 312
Likes: 189
|
Post by paulg on Oct 13, 2015 11:32:43 GMT
Possibly a capital reduction by the borrower? Would be an odd way to handle it, though. Hmmm, possibility. Not really any way for them to handle that that Ive seen other than redeem & relist with all that entails. Allowing SM to resolve kinda makes sense apart from glitch issue & corresponding email flurry. But then wouldn't it be more logical to reduce the "Loan value" rather than increase the "Amount funded"? A few words of explanation on the "Loan Updates" tab would be helpful, but that savingstream innovation appears to have been stillborn. 
|
|
|
|
Post by simert on Oct 13, 2015 12:09:30 GMT
Anyone interested in buying the final £14.77 in PBL033. Pretty please..  |
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
|
Post by ilmoro on Oct 13, 2015 12:15:39 GMT
Hmmm, possibility. Not really any way for them to handle that that Ive seen other than redeem & relist with all that entails. Allowing SM to resolve kinda makes sense apart from glitch issue & corresponding email flurry. But then wouldn't it be more logical to reduce the "Loan value" rather than increase the "Amount funded"? A few words of explanation on the "Loan Updates" tab would be helpful, but that savingstream innovation appears to have been stillborn. Yes but logical & doable are often incompatible. Reducing loan value clears the paper negative but not the extra sum sold. They would then have to have a way of preventing SM sales so they acquiŗed the next 50k themselves, ñot sure they do & it would have no transparency to lenders (bots at work!) This way shows an oversubscription. Yes, some comms would be helpful. Care to end our hypotheticals fun savingstream?
|
|
|
|
Post by Deleted on Oct 13, 2015 13:14:23 GMT
well strangely enough now PBL 60 has drawndown and paid cashback (there is still over 6% available of it on the secondary market)
PBL 59 and PBL 61 have not drawndown
|
|
paulg
Member of DD Central
Posts: 312
Likes: 189
|
Post by paulg on Oct 13, 2015 14:58:23 GMT
well strangely enough now PBL 60 has drawndown and paid cashback (there is still over 6% available of it on the secondary market) And another £100k added to it by SS at 2:30pm.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Oct 13, 2015 15:08:32 GMT
How can you be sure it's been added by SS, and not by a "big-hitter" who chose to hold it until the cashback was paid?
|
|
paulg
Member of DD Central
Posts: 312
Likes: 189
|
Post by paulg on Oct 13, 2015 15:26:33 GMT
How can you be sure it's been added by SS, and not by a "big-hitter" who chose to hold it until the cashback was paid? The usual test - put a small amount on the SM and it sold straight away, ahead of the added £100k. Edit: And it wouldn't surprise me if there was another £200k still to come.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
|
Post by ilmoro on Oct 15, 2015 20:20:23 GMT
PBL60 all gone, few older bits available but otherwise board pretty clear, time to turn the pipeline back on
|
|
jamesc
Member of DD Central
Posts: 447
Likes: 253
|
Post by jamesc on Oct 16, 2015 8:42:17 GMT
Hi
I am fairly new to SS and have clearly started at a good time but today where there are no loan parts for sale is this more normal ?
Thanks
|
|
|
|
Post by Deleted on Oct 16, 2015 8:46:46 GMT
Hi
I am fairly new to SS and have clearly started at a good time but today where there are no loan parts for sale is this more normal ?
Thanks If you are looking sub £1k individual investments you might have to loiter for a few minutes, I logged in at 9:00 saw what I wanted, deposited £500, the loan had gone but a new one had popped up, all done 9:06. So just wait and monitor. If you want £10k in one spend then you are out of luck at the moment.
|
|
