trouble
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Post by trouble on Dec 27, 2016 10:24:44 GMT
So stock is monitored at day 1, day 91, day 181 etc
So 98.888888889% of the time it isn't monitored?
I would base the performance of this loan on it's historic trading figures, it's management strength and the market it is operating in.
I personally would never place any reliance on stock on any loan as when the proverbial hits the fan, stock tends to have been run down to generate cash to keep a business afloat in it's final few months.
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lobster
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Post by lobster on May 17, 2017 11:01:50 GMT
A large tranche of this has just appeared on the SM at a 1% discount .
Currently approx 200k on sale at par and 300k at a 1% discount.
And this is for an 11.5% loan that was given a pretty glowing update just a few days ago.
Mmmm, tempting ....
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tonyr
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Post by tonyr on May 18, 2017 21:27:31 GMT
A large tranche of this has just appeared on the SM at a 1% discount .Currently approx 200k on sale at par and 300k at a 1% discount. And this is for an 11.5% loan that was given a pretty glowing update just a few days ago. Mmmm, tempting .... Wow - I didn't notice the discount until your post - thanks for letting us know. It does explain why I hadn't sold any recently. It would be good to have a single place where discounted loans were displayed.
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mikes1531
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Post by mikes1531 on May 18, 2017 23:52:58 GMT
A large tranche of this has just appeared on the SM at a 1% discount .Currently approx 200k on sale at par and 300k at a 1% discount. And this is for an 11.5% loan that was given a pretty glowing update just a few days ago. Mmmm, tempting .... An underwriter needing funds for another deal?
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tonyr
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Post by tonyr on May 19, 2017 4:18:27 GMT
A large tranche of this has just appeared on the SM at a 1% discount .Currently approx 200k on sale at par and 300k at a 1% discount. And this is for an 11.5% loan that was given a pretty glowing update just a few days ago. Mmmm, tempting .... An underwriter needing funds for another deal? I would think not. There aren't that many deals being offered to underwriters and when you factor in all the dead money time then there's not a lot to be made on it and offering at 1% would eat that up. My guess is that it's someone who needs the money for something else now, say to buy a house.
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tonyr
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Post by tonyr on May 20, 2017 10:17:59 GMT
A large tranche of this has just appeared on the SM at a 1% discount .Currently approx 200k on sale at par and 300k at a 1% discount. And this is for an 11.5% loan that was given a pretty glowing update just a few days ago. Mmmm, tempting .... Wow - I didn't notice the discount until your post - thanks for letting us know. It does explain why I hadn't sold any recently. It would be good to have a single place where discounted loans were displayed. Ah - the discount just went. Shame, I was happily selling other stuff and buying at 11.5% plus 1% immediate.
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Post by jvbrad on May 22, 2017 12:57:52 GMT
Plenty still available with the 1% discount at the moment.
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tonyr
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Post by tonyr on May 22, 2017 15:07:10 GMT
Plenty still available with the 1% discount at the moment. Yup, I saw the discount was back this morning - I'm buying again.
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agent69
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Post by agent69 on May 22, 2017 17:32:57 GMT
An underwriter needing funds for another deal? My guess is that it's someone who needs the money for something else now, say to buy a house. Any chance it might be AC looking to generate some cash?
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Post by chielamangus on May 25, 2017 20:53:43 GMT
Another £300k appeared on the SM with a 1 per cent discount, and there's well over £400k of non-discounted offerings. I cannot begin to hazard the reason why, but am sure it isn't AC.
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lobster
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Post by lobster on May 26, 2017 14:50:38 GMT
Another £300k appeared on the SM with a 1 per cent discount, and there's well over £400k of non-discounted offerings. I cannot begin to hazard the reason why, but am sure it isn't AC. Have to say that I fail to understand why this loan isn't being snapped up. Couldn't have asked for a more positive update than was provided on 11th May (see activity tab) , it's effectively 12.5% when you factor in the 1% discount, and it offers some welcome diversification from property loans. Also imo AC are pretty good at keeping lenders informed unlike one or two competitors whose names I shan't mention ! Maybe I'm missing something, but for the life of me I can't see what it is. I've got a healthy chunk of this so if I'm making a big mistake , please let me know !
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SteveT
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Post by SteveT on May 26, 2017 15:29:05 GMT
I suspect most MLIA lenders also have healthy chunks of it and a good number may not have spotted the discount available. It's far from obvious unless you happen to click on it.
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trevor
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Post by trevor on May 26, 2017 16:23:20 GMT
Excuse my ignorance. How do you get the 1% discount? I must be having a senior moment.
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SteveT
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Post by SteveT on May 26, 2017 16:26:24 GMT
Excuse my ignorance. How do you get the 1% discount? I must be having a senior moment. Set a buying target to buy some. You'll automatically get the best available discount on offer. If you want to make certain only to buy at a discount, you can also set your buying order only to buy at 1% discount or better.
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agent69
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Post by agent69 on May 26, 2017 18:27:57 GMT
Excuse my ignorance. How do you get the 1% discount? I must be having a senior moment. .... or better. Wishful thinking? But do agree it would be helpful if the discount on loans was a bit more obviously displayed
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