twoheads
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Post by twoheads on Jul 12, 2017 12:20:33 GMT
Yes. My loan parts are already on the sales queue. I am just trying to decide whether to leave them there, or cancel the sales, and ride it out. That depends upon how fast the queue is moving and how long you estimate it will take for you to reach the front.
I usually make a note of the queue at the start of each day (EDIT: for loans which I'm selling); this can give a good estimate.
EDIT: Personally, I'm not selling DFL012 so I'm not really keeping track of the sales queue.
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Post by df on Jul 12, 2017 13:39:17 GMT
There's currently £856K on the secondary market so you may have no choice in the matter sadly. Yes. My loan parts are already on the sales queue. I am just trying to decide whether to leave them there, or cancel the sales, and ride it out. I don't think you have much chance to sell. The £800k+ queue has been there since latest tranche was drawn on 16th June. It is moving, around 6k was bought today, but at this speed it can take 5 months to sell (or longer because the term is getting shorter).
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dp
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Post by dp on Jul 12, 2017 14:42:48 GMT
What's the general view, Oh Wise Ones? Is DFL012 worth holding until it pays, or is there likely to be a default with this one? In other words, "Should I stay or should I go now?" Drive past it every day, development is moving ahead as planned, no issues here at all for me, will hold till the end.
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r1200gs
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Post by r1200gs on Jul 12, 2017 14:44:44 GMT
Yes. My loan parts are already on the sales queue. I am just trying to decide whether to leave them there, or cancel the sales, and ride it out. I don't think you have much chance to sell. The £800k+ queue has been there since latest tranche was drawn on 16th June. It is moving, around 6k was bought today, but at this speed it can take 5 months to sell (or longer because the term is getting shorter). Assuming of course that nothing changes on the SM. There is a 7 million loan (or thereabouts) due to repay before long.
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GeorgeT
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Post by GeorgeT on Jul 12, 2017 16:49:19 GMT
Yes. My loan parts are already on the sales queue. I am just trying to decide whether to leave them there, or cancel the sales, and ride it out. I don't think you have much chance to sell. The £800k+ queue has been there since latest tranche was drawn on 16th June. It is moving, around 6k was bought today, but at this speed it can take 5 months to sell (or longer because the term is getting shorter). Although there is currently £854k on the SM, the sales queue is only £559k. So approx. £300k of the SM total is held by LY - presumably unsold tranche bits - and SM sellers queue jump that and start at £559k to go. My loan parts still up for sale are moving steadily but slowly up the queue. This remains a popular loan with buyers every day. My last loan part sales in DFL012 were listed on the SM on 2 June and sold yesterday, on 11 July. The sales queue when I listed those parts (if I recall correctly) was around £500k so estimated sell out time is currently 6 weeks ish.
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Post by df on Jul 12, 2017 17:50:54 GMT
I don't think you have much chance to sell. The £800k+ queue has been there since latest tranche was drawn on 16th June. It is moving, around 6k was bought today, but at this speed it can take 5 months to sell (or longer because the term is getting shorter). Although there is currently £854k on the SM, the sales queue is only £559k. So approx. £300k of the SM total is held by LY - presumably unsold tranche bits - and SM sellers queue jump that and start at £559k to go. My loan parts still up for sale are moving steadily but slowly up the queue. This remains a popular loan with buyers every day. My last loan part sales in DFL012 were listed on the SM on 2 June and sold yesterday, on 11 July. The sales queue when I listed those parts (if I recall correctly) was around £500k so estimated sell out time is currently 6 weeks ish. I might be wrong, but I recall the queue was around £200+ at the beginning of June. I've got too much in this loan and wanted to sell 75% of my holding, but decided against it because of the queue. I should have done what you did 
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mary
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Post by mary on Jul 12, 2017 17:59:17 GMT
Although there is currently £854k on the SM, the sales queue is only £559k. So approx. £300k of the SM total is held by LY - presumably unsold tranche bits - and SM sellers queue jump that and start at £559k to go. My loan parts still up for sale are moving steadily but slowly up the queue. This remains a popular loan with buyers every day. My last loan part sales in DFL012 were listed on the SM on 2 June and sold yesterday, on 11 July. The sales queue when I listed those parts (if I recall correctly) was around £500k so estimated sell out time is currently 6 weeks ish. I might be wrong, but I recall the queue was around £200+ at the beginning of June. I've got too much in this loan and wanted to sell 75% of my holding, but decided against it because of the queue. I should have done what you did Similarly been caught with an above average holding, and while I would prefer to reduced purely to get below 5% of my portfolio, I prefer to hold and not lose the interest, especially as I have this as marked as one of the lower risk loans available and I am happy to hold to term.
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GeorgeT
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Post by GeorgeT on Jul 12, 2017 17:59:22 GMT
Although there is currently £854k on the SM, the sales queue is only £559k. So approx. £300k of the SM total is held by LY - presumably unsold tranche bits - and SM sellers queue jump that and start at £559k to go. My loan parts still up for sale are moving steadily but slowly up the queue. This remains a popular loan with buyers every day. My last loan part sales in DFL012 were listed on the SM on 2 June and sold yesterday, on 11 July. The sales queue when I listed those parts (if I recall correctly) was around £500k so estimated sell out time is currently 6 weeks ish. I might be wrong, but I recall the queue was around £200+ at the beginning of June. I've got too much in this loan and wanted to sell 75% of my holding, but decided against it because of the queue. I should have done what you did My apologies if I got that wrong and the queue was only £200k ish in early June. I haven't still got my queue notes from that time and was going from recall. But it is definitely correct that loan parts I listed on 2 June sold on 11 July. My LY account confirms that.
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Post by df on Jul 12, 2017 18:14:49 GMT
I don't think you have much chance to sell. The £800k+ queue has been there since latest tranche was drawn on 16th June. It is moving, around 6k was bought today, but at this speed it can take 5 months to sell (or longer because the term is getting shorter). Assuming of course that nothing changes on the SM. There is a 7 million loan (or thereabouts) due to repay before long. This sounds very optimistic and promising. Which one is it?
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twoheads
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Post by twoheads on Jul 12, 2017 19:30:46 GMT
There is a 7 million loan (or thereabouts) due to repay before long. Hmmm... £7M before long...
Let's be even more optimistic: There is £45M that is due to repay before now!
Most of these have been due to repay for much longer than 'before long'. (I think that makes some sort of sense).
Much of this stuff (£23M) has been due to repay for well over 6 months.
That'll free up the SM!
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GeorgeT
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Post by GeorgeT on Jul 12, 2017 19:55:48 GMT
^^^
You teaser.
Now I'm drooling like a dog that has just spotted the juiciest and tastiest bone in the world.
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guff
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Post by guff on Jul 12, 2017 20:12:46 GMT
Let's be even more optimistic: There is £45M that is due to repay before now!
It might have to wait until after Cashy Cowes Week though.
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Post by martin44 on Jul 12, 2017 20:17:04 GMT
There is a 7 million loan (or thereabouts) due to repay before long.
That'll free up the SM!
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greatmarko
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Post by greatmarko on Jul 12, 2017 20:58:12 GMT
Views from the building. I'd rather see the building TBH. <snip> Ask and ye shall receive!  Taken today at sunset (hence why they're a little dark) However, this week has seen the exterior glazing commence at pace!   
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0risk
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Post by 0risk on Jul 13, 2017 11:37:15 GMT
What's the general view, Oh Wise Ones? Is DFL012 worth holding until it pays, or is there likely to be a default with this one? In other words, "Should I stay or should I go now?" The queue moved approx £100k in 10 days.
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