littonowl
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Post by littonowl on Aug 29, 2017 15:18:03 GMT
The amount for sale is well under 1%. News of 'an announcement' is enough to scare some people into putting up for sale, even if they have not the faintest inkling whether the news will be +ve or -ve. So I'd suggest accusations are unwarranted. I have followed this loan second by second for about 8 weeks, to try ang get some Investments in. Let me say, WITHOUT ANY DOUBT, that I have NEVER SEEN in the 8 weeks I followed it VERY closely such amount abundntly available on this loan. It is about 2% now, but the more is bought the more is put up for sale. This is very very very peculiar and never happened before accounding to my data. Now, it might be that the pre-announcement in itself scares people. But I see no point in announcing it.... Ed should have POSTED the news officialy as soon as he got it, whatever it is.Two posters asked if there was any news earlier today. Ed responded in his usual timely manner, saying they would get an update out later this afternoon. The two recent 'problem' loans have probably led to one or two twitchy fingers, but I honestly don't see it as anything more sinister than that. edit. Post crossed with MoneyThing 's above
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Post by keyboardworrier on Aug 29, 2017 15:18:45 GMT
If people genuinely believe there's something dodgy going on with insider knowledge then why do they continue to invest on the platform? If I had any doubts like that I would simply sell up and leave.
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johni
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Post by johni on Aug 29, 2017 15:20:55 GMT
Afternoon, Will have an update on this loan later today (posted on the platform). Regards, Ed. I don't want to accuse without full data on. But there is significant amount of loan parts for sale for this loan and there has been for hours, a lot after your pre-announcement (announceement of an announcement to come). I would be VERY angry to discover that important information has leaked to "selected" customers in advance while you announced it for later..... I have seen it happening already once in MT and I am totally unhappy of this and ready to report the full data to the FCA if necessary. Which loan have you seen this on previously.
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Post by swissbankers on Aug 29, 2017 15:24:13 GMT
There is perhaps more available than normal today as I have been reducing my exposure to tranche 4 as I held far too much. I sold some before and after I asked the question earlier. I didn't want to put too much up in one go to cause a panic. Hopefully all is well with this loan, I have held it a long while but started to wonder why its taken so long to submit planning after the previous sale never went through.
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seeingred
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Post by seeingred on Aug 29, 2017 15:24:15 GMT
I recall Liam on Lendy referring to some forums as a PITA.
I didn't particularly sympathise with Liam because Lendy needs watching closely.
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keystone
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Post by keystone on Aug 29, 2017 15:31:31 GMT
All gone now on the SM.
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fogey
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Post by fogey on Aug 29, 2017 15:31:32 GMT
Slowly becoming another candidate for the Panic of the Day. The remarkable voracity of the SM is making that very difficult though ... as you can now see !
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robski
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Post by robski on Aug 29, 2017 15:38:38 GMT
And some people wonder why I say we shouldn't be informed when an interest payment is 1 day late Some people are far too reactionary around here, I have some concerns they are are over exposed or just shouldn't be investing in this type of loan by the panic that seems to set in to anything other than glorious good news
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johni
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Post by johni on Aug 29, 2017 15:55:29 GMT
And some people wonder why I say we shouldn't be informed when an interest payment is 1 day late Some people are far too reactionary around here, I have some concerns they are are over exposed or just shouldn't be investing in this type of loan by the panic that seems to set in to anything other than glorious good news I generally tend to be happy of (any) news/updates when they come via official channels and everyone is given the opportunity to absorb them at the same time. Sometimes I fear this is not the case (certainly is not in the stock market....), but would be happy if I am proven wrong and the peak I registered was simply coincidence/prepanic of a minority of a random group of people. Which loan are you referring to when you say there was selling prior to news?
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elliotn
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Post by elliotn on Aug 29, 2017 15:57:53 GMT
And some people wonder why I say we shouldn't be informed when an interest payment is 1 day late Some people are far too reactionary around here, I have some concerns they are are over exposed or just shouldn't be investing in this type of loan by the panic that seems to set in to anything other than glorious good news What about 1 month late (or even, say, two)? Loans are not deaulted after one day as you correctly say (although some platforms do manage to provide full disclosure via RAG statuses to cover technical non-payments as well without causing too much panic).
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treeman
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Post by treeman on Aug 29, 2017 16:02:20 GMT
Undoubtedly a 'dominoes' job ...... only a couple of months to go, investors already considering a giving their holdings a trim see stuff being listed and get nervous of a Q developing .........
Recent events jitters, hints of an update, parts being listed all adds to the process.......
Conspiracy? I doubt it
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Post by GSV3MIaC on Aug 29, 2017 16:35:01 GMT
I sold some (and bought some too) partly to rebalance between tranches (they may all be the same but the Q length is not sometimes - see B'head for examples) and partly because the end draws night and I see no signs of the planning related exit. No information from Ed .. sadly ..
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fp
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Post by fp on Aug 29, 2017 18:19:10 GMT
The amount for sale is well under 1%. News of 'an announcement' is enough to scare some people into putting up for sale, even if they have not the faintest inkling whether the news will be +ve or -ve. So I'd suggest accusations are unwarranted. I have followed this loan second by second for about 8 weeks, to try ang get some Investments in. Let me say, WITHOUT ANY DOUBT, that I have NEVER SEEN in the 8 weeks I followed it VERY closely such amount abundntly available on this loan. It is about 2% now, but the more is bought the more is put up for sale. This is very very very peculiar and never happened before accounding to my data. Now, it might be that the pre-announcement in itself scares people. But I see no point in announcing it.... Ed should have POSTED the news officialy as soon as he got it, whatever it is. I can say without any doubt that in the past three weeks I have sold more of this loan than is currently available so i'm unsure where your data is coming from, suggest you take more care over your data collection if you wish to use it for anything remotely constructive.
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Post by mrclondon on Aug 29, 2017 18:53:34 GMT
Looking at the recent filings at companies house for the borrowing company, I'm going to take a wild guess (that may be completely wrong) that the loan is about to be migrated onto the new FCA approved loan terms, and possibly/probably (?) with the loan term extended significantly beyond the current maturity date.
As always, do your own research before buying or selling.
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robski
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Post by robski on Aug 29, 2017 19:11:11 GMT
Looking at the recent filings at companies house for the borrowing company, I'm going to take a wild guess (that may be completely wrong) that the loan is about to be migrated onto the new FCA approved loan terms, and possibly/probably (?) with the loan term extended significantly beyond the current maturity date. As always, do your own research before buying or selling. My suspicion goes along the same lines, a significant extension so it has to migrate terms. Although I wouldn't rule out a repayment, someone may have made an offer they can't refuse.
Either way looking at the SM it tells me there are people investing who shouldn't, a mere sniff of trouble and they are looking to get out, they are clearly not understanding the risk of what they are doing.
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