Deciphering new SS code? (Investor vote on recent changes).

A large slice of DFL007 was dumped on the SM this morning, it vanished in about two blinks of an eye.

Yes, it's minor things like this that remind you that SS really take their lenders entirely for granted (and I speak as an overall fan of SS). Would it really have killed them to stick it on the pipeline, send a couple of emails and give everyone another modest slice? It's not the £50 allocation I care about, it's the sense they don't give a damn.

Maybe it depends on what fraction of total SS funding is from small/medium investors.

Maybe so long as the top predators can be kept on board, a turnover of smaller fish is of no concern.

IMHO, Saving Stream are at times forgetful and it is from this forgetfulness, that some of their problems are arising!

For instance;

[1] A 365 day pipeline loan goes to a 270 day loan (approx.) when live due to forgetfulness...

[2] Stating that larger loans are safer, then a few months later, due to forgetfulness providing lower rates on smaller loans, because they are safer instead...

[3] Announcing a new loan for the Saturday, then watching TV and forgetting that lenders had made efforts to fund it for that day, before the loan goes live on the Sunday...

[4] Announcing that loans above £1,000,000 will be allocated as a percentage of funding level from lenders, then forgetting that and just changing it to bottom up for all loans...

[5] Announcing that they had consulted lenders about reducing rates, but forgetting to announce who and how many lenders, they had consulted...

[6] Announcing this new secondary market allocation approach, but forgetting that they had in place, a proven pipeline method already that lenders were happy with...

In reading this list, there may be an element of déjà vu, but IMHO Saving Stream are doing their best, they are human and like all of us, they make mistakes.

It can be frustrating at times, but when I get paid that interest every month, so far, it makes up for everything...

I'm working through my initial views on Trump at the moment and I'm concluding I'm too heavy in property, so will be reducing my holding here by 20%.  Should happen easily with this change of position, the spliting of rates and the famine.

Personally, I have lots of other things to do than sit and watch SS screens for a deal just appearing.  If they want to do this silly thing could they do it in a sensible way, for instance always at 3pm, or 6pm (to let the office workers have a pop).  Surely the money is not needed that second?

I'm really not sure I can actually vote on this poll. There isn't a choice that describes my feelings.

Yes - well, not really, not 100%.
No - even further away from that one.
No view either way - definitely have a view.

If there was a "Well, kinda, but with some reservations" choice, I'd be there.