Steerpike
Member of DD Central
Posts: 1,961
Likes: 1,680
|
Post by Steerpike on Oct 4, 2017 10:56:22 GMT
The last sheep to run is the one that gets attacked by the predator.
|
|
mikeh
Member of DD Central
Posts: 499
Likes: 370
|
Post by mikeh on Oct 4, 2017 11:24:48 GMT
Well that worked out rather nicely. Trimmed down to a level I'm more comfortable with. Just need a new loan to diversify into now.
|
|
zendog
Member of DD Central
Posts: 137
Likes: 83
|
Post by zendog on Oct 4, 2017 14:43:46 GMT
Well that worked out rather nicely. Trimmed down to a level I'm more comfortable with. Just need a new loan to diversify into now. Me too!
|
|
dovap
Member of DD Central
Posts: 467
Likes: 410
|
Post by dovap on Oct 4, 2017 15:24:41 GMT
me three thank goodness for PANIC buying
|
|
|
Post by mrclondon on Oct 4, 2017 17:34:10 GMT
Apparently the September interest payment on the TC tranches of this loan was credited to lenders today, 2.5 weeks late (August's payment was just under 2 weeks late)
I also believe an additional 2% pa default interest is being accrued by TC lenders at present, although this remains unpaid currently. The tranches remain untradable on TC.
|
|
fogey
Posts: 171
Likes: 104
|
Post by fogey on Oct 4, 2017 18:28:24 GMT
It's very important that people thinking of selling out understand their own state of mind and the reason they may be considering this. When it is so obvious that a Panic of the Day is causing a rush for the exit and the cause of the panic is rather obvious too, then it is highly unlikely they are able to make a balanced judgement, unless they are very experienced long-standing investors. In such instances it is beneficial that less experienced investors are unable to sell as this protects them from rash decisions which they may soon come to regret. Today we see a steady stream of buyers slowly eating into this oversold position and eventually many panic stricken investors will withdraw their sale orders as their confidence slowly returns.
With your mantra of Panic of the Day you come across as a very experienced, long standing investor. However, I don’t think we should protect less experienced investors from rash decisions that they may soon come to regret. I have that awful feeling that I have missed out on something really big here ... as I find that I have exactly the same holding in this loan as I did a week ago. Well that's what comes of talking to myself and not listening to anyone else here ... or all those really helpful disparaging comments about sheep, les infants or whatever other derogatory term comes to mind ... with reference to less experienced investors. For some strange reason I would expect them to easily find themselves in a most perplexing situation whenever a Panic of the Day arises and so seeking really useful guidance as a result ... At least I have not thought about reducing my holding in this loan and am not now looking around trying to find anything better. For some reason the really good loans here very rarely come up on the SM ... and I guess this loan is rather like that again now ...
Edit ... Unless yet another panic sets in again !
|
|
averageguy
Member of DD Central
Posts: 1,165
Likes: 841
|
Post by averageguy on Oct 4, 2017 20:27:57 GMT
Once again we see that discounting is required on the SM. What is the point in people not being able to sell if they want out? Nothing available on SM....doesn’t seem to be a problem..so it’s not a ‘once again’ scenario currently
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Oct 4, 2017 20:41:19 GMT
Once again we see that discounting is required on the SM. What is the point in people not being able to sell if they want out? Nothing available on SM....doesn’t seem to be a problem..so it’s not a ‘once again’ scenario currently You must be looking at a different SM to me
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Oct 4, 2017 21:07:28 GMT
Nothing available on SM....doesn’t seem to be a problem..so it’s not a ‘once again’ scenario currently You must be looking at a different SM to me Most sold out early today, been dribs n drabs on there since then, but nothing of consequence
|
|
averageguy
Member of DD Central
Posts: 1,165
Likes: 841
|
Post by averageguy on Oct 4, 2017 21:31:38 GMT
You must be looking at a different SM to me Most sold out early today, been dribs n drabs on there since then, but nothing of consequence That’s the SM I was looking at
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Oct 4, 2017 21:37:36 GMT
Most sold out early today, been dribs n drabs on there since then, but nothing of consequence That’s the SM I was looking at Login in and take another look there’s about 800k
|
|
seeingred
Member of DD Central
Posts: 470
Likes: 664
|
Post by seeingred on Oct 4, 2017 21:53:03 GMT
Strange.
The loan value is £745,000. On my screen there is precisely £1 available out of a total of all loans available of £661,771.00
|
|
theshape
Member of DD Central
Posts: 153
Likes: 109
|
Post by theshape on Oct 4, 2017 22:08:18 GMT
Nothing available on SM....doesn’t seem to be a problem..so it’s not a ‘once again’ scenario currently - Referring to (FPAA664) Development Site M********r Road, Bradford?You must be looking at a different SM to me - Referring to SM as a whole?Am I right in saying that hazellend and averageguy (and robski and seeingred) are discussing two different things and don't realise?
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Oct 4, 2017 22:08:39 GMT
Sorry, I was talking about the entire SM not just this loan. Should have made that clear
|
|
|
Post by mrclondon on Oct 25, 2017 17:46:47 GMT
Two more consultee responses have been added to the Bradford planning portal.
The one from the council's own urban design consultant (?) makes it clear that the current proposal needs to be morphed back to be far closer to that of the originally approved outline planning scheme.
The whole document (word format) is worth reading, but to quote the conclusion:
So as I and others surmised earlier this month the whole scheme is going to need to be redesigned to gain approval. Unsurprisingly the October interest payment on the TC part of the loan is late yet again, and the prior months default interest remains outstanding.
FWIW the discussion on the TC forum centres around the upbeat nature of the updates from MT which is in contrast to TC having the loan in technical default, untradable, and unwilling to provide updates to lenders at the present time.
|
|