awk
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Post by awk on Jul 13, 2017 5:51:11 GMT
Let's play an old game that we played when we were young(er)
Guess what the max allocation on this new tranche will be
I'll kick it off and say that greed will get the better of many and the max will be £140
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mikes1531
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Post by mikes1531 on Jul 13, 2017 10:55:18 GMT
Let's play an old game that we played when we were young(er) Guess what the max allocation on this new tranche will be I'll kick it off and say that greed will get the better of many and the max will be £140 £140 = 2,500 investors. I'll go for 1,500 and £230 What happened to the last tranche? The info doesn't seem to have been added to cooling_dude's OP of this thread.
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star dust
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Post by star dust on Jul 13, 2017 12:54:52 GMT
This has gone live as an entirely separate loan aka MT style, so I now have some DFL019 as one loan and DFL019 Dev Tranche 2 (cash-back offer) as another. Don't know why but I wasn't really expecting that thought it would all be merged as your loan parts are separate entities anyway. I got what I asked for £500, and have put the equivalent up for sale in the original yesterday (it's probably got a long time to wait to sell).
In edit: There are a few £1000 holders showing so I think the allocation may have been quite high.
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n
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Post by n on Jul 13, 2017 12:55:54 GMT
As at 13:54 631 investors and £886 available. My prefund email arrived at 13:36 but I wasn't watching then.
So, the bonus is kept separate by virtue of the tranche being listed as a separate loan. Interesting.
Edit: Crossed with Star Dust.
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twoheads
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Post by twoheads on Jul 13, 2017 13:13:20 GMT
Let's play an old game that we played when we were young(er) Guess what the max allocation on this new tranche will be I'll kick it off and say that greed will get the better of many and the max will be £140 £140 = 2,500 investors. I'll go for 1,500 and £230 Looks like it was at least £1k. Wonder if anyone on here knows?
EDIT: just re-read star dust 's post above which now also includes this information.
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twoheads
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Post by twoheads on Jul 13, 2017 15:00:13 GMT
So, do we think that the cash-back will be paid in full on August 1st or just 1/12 of the cash back on a monthly basis?
I would assume that if the whole CB sum is paid then the tranche parts can be merged with the main loan. This would keep the live loans less 'clogged' with tranches.
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gustapher
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Post by gustapher on Jul 13, 2017 15:43:50 GMT
£140 = 2,500 investors. I'll go for 1,500 and £230 Looks like it was at least £1k. Wonder if anyone on here knows?
EDIT: just re-read star dust 's post above which now also includes this information.
I prefunded 4k and got £3330.
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awk
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Post by awk on Jul 13, 2017 15:58:41 GMT
Looks like it was at least £1k. Wonder if anyone on here knows?
EDIT: just re-read star dust 's post above which now also includes this information.
I prefunded 4k and got £3330. Well, I called that one totally wrong didn't I ! £3330 max and 632 investors showing as of now. I thought that a 13% (if that's what it is), long dated (if that's what it is) loan/tranche would have got the green eyed monsters in us salivating - maybe the world has changed for ever !
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n
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Post by n on Jul 13, 2017 16:56:06 GMT
I already had enough of this loan, but I bought another £100 just to see how this bonus thingy works 1st hand.
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GeorgeT
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Post by GeorgeT on Jul 13, 2017 17:53:06 GMT
I prefunded 4k and got £3330. Well, I called that one totally wrong didn't I ! £3330 max and 632 investors showing as of now. I thought that a 13% (if that's what it is), long dated (if that's what it is) loan/tranche would have got the green eyed monsters in us salivating - maybe the world has changed for ever ! It's far too massive a loan to be of much appeal to me. You might expect to be stuck with it. ** Although I was interested to read that the Cashback bonus tranche was offered as a separate loan. Does this mean cashback 13% tranches will have their own separate SM listings which will be liquid whereas the intitial drawdown loan will be unsellable because the tranches will be seen as smaller loans on the SM? Even though they are, in reality, part of a massive loan.
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gustapher
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Post by gustapher on Jul 13, 2017 18:30:32 GMT
Well, I called that one totally wrong didn't I ! £3330 max and 632 investors showing as of now. I thought that a 13% (if that's what it is), long dated (if that's what it is) loan/tranche would have got the green eyed monsters in us salivating - maybe the world has changed for ever ! It's far too massive a loan to be of much appeal to me. You might expect to be stuck with it. ** Although I was interested to read that the Cashback bonus tranche was offered as a separate loan. Does this mean cashback 13% tranches will have their own separate SM listings which will be liquid whereas the intitial drawdown loan will be unsellable because the tranches will be seen as smaller loans on the SM? Even though they are, in reality, part of a massive loan. My assumption was that at the end of July the 1% will be paid as cashback in one go - So I should get £33.30. Once paid, the listing will then change back to normal and be absorbed with the normal 12% loan. To get the bonus I would have to wait until the end of the first month and then I can sell it without penalty. If I sell it now and someone buys the lot then whoever holds it at month end gets the whole £33.30. I could be wrong but that's my guess. I had no allocation previously of DFL019 so it was an easier decision to make, but I still hesitated for some time over the decision. I could get stuck for sure but I think liquidity on the site is improving slowly and there is a steady influx of new investors replacing the ones leaving. I'll probably get egg on my face for saying this but I think the fear around here is overdone.
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mikes1531
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Post by mikes1531 on Jul 13, 2017 21:09:25 GMT
My assumption was that at the end of July the 1% will be paid as cashback in one go - So I should get £33.30. Once paid, the listing will then change back to normal and be absorbed with the normal 12% loan. To get the bonus I would have to wait until the end of the first month and then I can sell it without penalty. If I sell it now and someone buys the lot then whoever holds it at month end gets the whole £33.30. I could be wrong but that's my guess. : You have highlighted the problem -- you've had to guess what's going to happen. Lendy Support really need to make this clear. If investors can't understand how it works, this new 'incentive' is going to have minimal effect on their behaviour. What else could explain why the enthusiasm for this tranche was so dismally tepid?
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elliotn
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Post by elliotn on Jul 14, 2017 0:56:45 GMT
It's far too massive a loan to be of much appeal to me. You might expect to be stuck with it. ** Although I was interested to read that the Cashback bonus tranche was offered as a separate loan. Does this mean cashback 13% tranches will have their own separate SM listings which will be liquid whereas the intitial drawdown loan will be unsellable because the tranches will be seen as smaller loans on the SM? Even though they are, in reality, part of a massive loan. My assumption was that at the end of July the 1% will be paid as cashback in one go - So I should get £33.30. Once paid, the listing will then change back to normal and be absorbed with the normal 12% loan. To get the bonus I would have to wait until the end of the first month and then I can sell it without penalty. If I sell it now and someone buys the lot then whoever holds it at month end gets the whole £33.30. I could be wrong but that's my guess. I had no allocation previously of DFL019 so it was an easier decision to make, but I still hesitated for some time over the decision. I could get stuck for sure but I think liquidity on the site is improving slowly and there is a steady influx of new investors replacing the ones leaving. I'll probably get egg on my face for saying this but I think the fear around here is overdone. Another, hopefully less likely, alternative would be for the CB to amortise over 12 monthly interest payments (or with a final month catch up for a loan that completes before that); that would make the system and tax treatment more complex as it would be more akin to an increase in interest than CB so let's just hope that's misplaced ambiguity. 😳
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mikes1531
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Post by mikes1531 on Jul 14, 2017 3:06:23 GMT
Another, hopefully less likely, alternative would be for the CB to amortise over 12 monthly interest payments... People seem to be thinking that the cashback payments might be limited to 12 months, but I've not seen anything in the description that supports that. What have I missed? What is the basis of this assumption? All I remember reading was that the cashback would be 1/12th of the interest payments. Where does it say that they'll stop at some point if I continue to hold cashback parts??
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elliotn
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Post by elliotn on Jul 14, 2017 8:57:02 GMT
Another, hopefully less likely, alternative would be for the CB to amortise over 12 monthly interest payments... People seem to be thinking that the cashback payments might be limited to 12 months, but I've not seen anything in the description that supports that. What have I missed? What is the basis of this assumption? All I remember reading was that the cashback would be 1/12th of the interest payments. Where does it say that they'll stop at some point if I continue to hold cashback parts?? Twoheads #134. Read my post - I say unlikely. The fact there has been different speculation based on the ambiguity of the faq is my point. I haven't got a clue how they'll do it.
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