GeorgeT
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Post by GeorgeT on Mar 19, 2017 20:52:54 GMT
This will be of little help but I asked for £3,500 and that's what I got.
I had a small positive balance and quite a bit up for sale so now I will wait until tomorrow afternoon to see if enough of my loans have sold to cover my deficit and if not I will do a bank transfer tomorrow afternoon.
If the expected big repayment occurs tomorrow then I expect my sales will go through but it's all dependent on that repayment I think.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 19, 2017 20:58:43 GMT
My allocation is way below the £15,700 I see in the investor activity. No idea how large the allocation was. Good chance it is £15,700.00 (you can't pre-fund that amount, and I doubt any sell/ buys have occurred since live) Couple, I suspect the £8608.50 wasnt a prefund, £15,700 could be PM or SM but I suspect the former like you as there is £5k after it
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mikes1531
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Post by mikes1531 on Mar 19, 2017 21:02:54 GMT
My allocation is way below the £15,700 I see in the investor activity. No idea how large the allocation was. Good chance it is £15,700.00 (you can't pre-fund that amount, and I doubt any sell/ buys have occurred since live) I suspect cooling_dude may have forgotten that investors in PBL035 were rolled into DFL019. As such, sales amounts such as the £15.7k could have come from an investor who wanted to have that much less of the new loan as they had of the old one. The only way to reduce a PBL035 holding would have been to sell on the SM, and there's probably no reason to do that until after the go-live.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 19, 2017 21:08:16 GMT
Good chance it is £15,700.00 (you can't pre-fund that amount, and I doubt any sell/ buys have occurred since live) I suspect cooling_dude may have forgotten that investors in PBL035 were rolled into DFL019. As such, sales amounts such as the £15.7k could have come from an investor who wanted to have that much less of the new loan as they had of the old one. The only way to reduce a PBL035 holding would have been to sell on the SM, and there's probably no reason to do that until after the go-live. I didn't forget - The PBL035 investors were rolled in first, the new allocations started to appear just before the loan was moved to the live page. The investors activity is moving slowly, and was there just after the loan hit the Live page Investors could have reduced their PBL035 holding by placing on the SM - SS vacuumed the parts up (and this the de facto opt out method)
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mikes1531
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Post by mikes1531 on Mar 19, 2017 21:08:52 GMT
This will be of little help but I asked for £3,500 and that's what I got. I had a small positive balance and quite a bit up for sale so now I will wait until tomorrow afternoon to see if enough of my loans have sold to cover my deficit and if not I will do a bank transfer tomorrow afternoon. If the expected big repayment occurs tomorrow then I expect my sales will go through but it's all dependent on that repayment I think.Your wish may cone true - PBL073 just appeared in the repaid loans section  That should clear out the SM. If jonah manages to update his loan availability chart to the right-hand colour version it would be interesting to watch the IOA loans for sale decrease and the bulk of the SM availability become the SBL and IA segments, and then see if those start to disappear as well.
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Post by Deleted on Mar 19, 2017 21:11:33 GMT
Theres definite movement now
50k chunks flying out the window
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mikes1531
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Post by mikes1531 on Mar 19, 2017 21:13:59 GMT
I suspect cooling_dude may have forgotten that investors in PBL035 were rolled into DFL019. As such, sales amounts such as the £15.7k could have come from an investor who wanted to have that much less of the new loan as they had of the old one. The only way to reduce a PBL035 holding would have been to sell on the SM, and there's probably no reason to do that until after the go-live. I didn't forget - The PBL035 investors were rolled in first, the new allocations started to appear just before the loan was moved to the live page. The investors activity is moving slowly, and was there just after the loan hit the Live page Investors could have reduced their PBL035 holding by placing on the SM - SS vacuumed the parts up (and this the de facto opt out method) : My apologies. I should have known better. I forgot about the possibility of watching the investor activity table as the process progressed. As for the second point, I did realise that. But if I was wanting to reduce my investment, I wouldn't have done so until after the go-live, as any delay in the go-live date would mean more interest earned. And with minimal risk.
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voss
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Post by voss on Mar 19, 2017 21:23:44 GMT
I asked for more but was allocated £15,700
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Post by spareafewcoppersguv on Mar 19, 2017 21:46:48 GMT
My money is on not. Still, al least we had PBL073 re-paid as promised.......Oh, wait a minute...... Hahaha! Shows what I know! Well done SS!!
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jsmithe
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Post by jsmithe on Mar 19, 2017 23:58:31 GMT
I'm not 100% up on this, can we expect to see more phases for this or is that financed elsewhere?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 20, 2017 0:01:09 GMT
I'm not 100% up on this, can we expect to see more phases for this or is that financed elsewhere? Not been explained - SS hardly mention Phase 2 in the loan overview at all This loan is only for Phase 1, and the are only 2 phases in total (the second phase has a GDV @ £46m)
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 20, 2017 1:06:22 GMT
I'm not 100% up on this, can we expect to see more phases for this or is that financed elsewhere? Not been explained - SS hardly mention Phase 2 in the loan overview at all This loan is only for Phase 1, and the are only 2 phases in total (the second phase has a GDV @ £46m) Wasnt there something in the planning that requires phase 1 to be completed before phase 2 (the standard pitches) can be undertaken?
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 20, 2017 1:19:29 GMT
Not been explained - SS hardly mention Phase 2 in the loan overview at all This loan is only for Phase 1, and the are only 2 phases in total (the second phase has a GDV @ £46m) Wasnt there something in the planning that requires phase 1 to be completed before phase 2 (the standard pitches) can be undertaken? I can't see (after a quick re-skim) any condition that notes phase 2 can't take place until phase 1 has been completed. Haven't read through the other PP docs yet, though (the one trying to alter many conditions, and the second to do with the flood plan. Will have a good look tomorrow (not that it matters - I can't see the borrower starting phase 2 until phase 1 is complete). I do note that no work can start until after 31 July (nesting birds... presumably the same birds don't mind the activities at the oil well...)
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sl75
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Post by sl75 on Mar 20, 2017 9:46:26 GMT
Unlike other commenters, I was allocated more than I asked for (when I checked the loan page on Friday, there was no mention of a roll-over, and that was when I set the pre-fund request, and I had better things to do with my weekend than constantly monitor the situation). No desperate rush to sell the excess though, as the pre-fund precisely balanced out the repayment from PBL073.
Interesting management of investors' cash flow though - withholding the repayment from 073 until after the new loan has gone live, so that they could guarantee that investors who are participating in 019 would use the repayment monies towards that rather than investing the proceeds in something else entirely and having a (larger) negative balance to clear from 019... but then reversing the statement entries so it no longer looks like that negative balance ever existed.
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GeorgeT
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Post by GeorgeT on Mar 20, 2017 10:19:31 GMT
It was a magnificent day for SS. With hindsight it is clear they were planning it all during the day and executed their brilliant plan during the evening once it had been tuned to perfection.
The forum is occupied by people whose favourite pastime seems to be SS bashing and who love to moan and groan day in day out but when something is done brilliantly like yesterday I don't see the same people queuing up to pile the praise on the SS team.
It surprises me not one jot that the guys at SS decided to stop engaging with the (minority) of investors who spend all day on this forum because all they do is get bashed about on here even when they do a good job and they've only got to answer one question and another 20 of you keyboard warriors will jump in asking other questions and scaring them off again.
I will say it even if nobody else will. SS has made some fantastic strides forward in the last couple of weeks. March 1st has been a fantastic succes, the faster deposits, a secondary market that now works for all and not just the cheats,people actually having to buy things with real money, new loans and repayments dovetailed perfectly, better communications from the new communications king Paul, and did I mention a big new 12% loan with a year to run on it.
Welcome back to number one on the charts SS.
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