jomantha
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Post by jomantha on Mar 18, 2017 13:49:24 GMT
What do people think of the current state of the SM - there are a lot of 12% long term loans in there that would normally fly out. I am holding off listing things for sale at the moment.
People who have been around longer than me - is this likely to all disappear and the SM return to its usual drought - or do we think there has been a change.
I know no one has a crystal ball I just wondered what people think is likely to happen in the next few weeks.
TIA.
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elliotn
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Post by elliotn on Mar 18, 2017 13:52:25 GMT
What do people think of the current state of the SM - there are a lot of 12% long term loans in there that would normally fly out. I am holding off listing things for sale at the moment. People who have been around longer than me - is this likely to all disappear and the SM return to its usual drought - or do we think there has been a change. I know no one has a crystal ball I just wondered what people think is likely to happen in the next few weeks. TIA. I am buying while I can. Chelmsford is due to repay and there will be little left as half of dfl19 is being rolled too.
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jomantha
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Post by jomantha on Mar 18, 2017 13:54:36 GMT
It is whether I will be able to sell on the 80 90 day 12% loans that is stopping me buy at the moment. I would need to be able to release some relatively quickly.
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puffin
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Post by puffin on Mar 18, 2017 13:56:15 GMT
If the £4.58m from PBL073 gets paid back today, then all the best stuff could disappear quite soon afterwards. |
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Post by savgeax on Mar 18, 2017 14:02:15 GMT
What do people think of the current state of the SM - there are a lot of 12% long term loans in there that would normally fly out. I am holding off listing things for sale at the moment. People who have been around longer than me - is this likely to all disappear and the SM return to its usual drought - or do we think there has been a change. I know no one has a crystal ball I just wondered what people think is likely to happen in the next few weeks. TIA. I am waiting to sell some loans. Normally they would sell within 30mins when I list them, but I think its going to take days. I see the situation approving all the time, but slowly throughout this week anyway.
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Post by Deleted on Mar 18, 2017 14:02:19 GMT
What do people think of the current state of the SM - there are a lot of 12% long term loans in there that would normally fly out. I am holding off listing things for sale at the moment. People who have been around longer than me - is this likely to all disappear and the SM return to its usual drought - or do we think there has been a change. I know no one has a crystal ball I just wondered what people think is likely to happen in the next few weeks. TIA. I am buying while I can. Chelmsford is due to repay and there will be little left as half of dfl19 is being rolled too. - as you say no one has a crystal ball, but in addition to what elliotn said, another loan was supposed to repay yesterday (relative tiddler at circa £450k) and the last update before yesterday's suggested that two other loans totalling circa £2.75m were imminent repayers. On that basis there will be floods of cash seeking a home plus in two weeks there will be another £1.6m interest seeking a home. On the other hand we do not know what other new pipeline loans there might be in the next week?? You will have to make your own judgement call I am afraid!! By the way elliotn - are you after the prize for most posts of he week - you are winning easily - I always read them with interest as I value your views as with those of the mighty @cooling_dude.
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jomantha
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Post by jomantha on Mar 18, 2017 14:06:22 GMT
I know I have to make my own judgement - was just curious as to what others thought,
I hadn't realised that the loan was about to repay so that is really interesting.
Thanks everyone, Glad I found the fourm.
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Post by d_saver on Mar 18, 2017 14:14:11 GMT
I was reducing my exposure to ss a bit, but have taken the opportunity last few days to fairly sizably increase my holdings of 2 or 3 of the 12%'ers that I am happy to hold to term. Have some stuff to sell, but seems it would go nowhere fast at the moment and new loans going live will make worse. Once 1 or 2 repay, SM may get soaked up again. I guess it depends in new loan flow. Pipeline seems bare at the moment.
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chunkie
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Post by chunkie on Mar 18, 2017 14:47:55 GMT
SM at 2,855,836 as of 15.45 GMT
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jomantha
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Post by jomantha on Mar 18, 2017 14:48:51 GMT
Thanks that is really helpful - I have bought a few bits and put some stuff up for sale - it it doesn't sell by money Ill have to cancel the sales and put some different stuff up instead.
It is interesting I have been in SS since Oct time and usually there is nothing to buy.
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ablender
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Post by ablender on Mar 18, 2017 15:04:25 GMT
The only problem I have with the current SM is that I do not have enough money to buy more.
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jomantha
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Post by jomantha on Mar 18, 2017 15:25:51 GMT
If the £4.58m from PBL073 gets paid back today, then all the best stuff could disappear quite soon afterwards. would that happen on the weekend or on Monday?
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dan83
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Post by dan83 on Mar 18, 2017 15:27:32 GMT
I think once DFL17 is sold out, the rest will sell pretty quickly.
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elliotn
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Post by elliotn on Mar 18, 2017 15:39:18 GMT
Thanks that is really helpful - I have bought a few bits and put some stuff up for sale - it it doesn't sell by money Ill have to cancel the sales and put some different stuff up instead. It is interesting I have been in SS since Oct time and usually there is nothing to buy. J** 143 went live then, similar SM although this one has been extended by a 2nd giant loan dfl19 (albeit ameliorated by 135 rollover & putative 073 repayment - which can happen on a Sat if you pay the banks enough).
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dan83
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Post by dan83 on Mar 18, 2017 15:41:52 GMT
Thanks that is really helpful - I have bought a few bits and put some stuff up for sale - it it doesn't sell by money Ill have to cancel the sales and put some different stuff up instead. It is interesting I have been in SS since Oct time and usually there is nothing to buy. J** 143 went live then, similar SM although this one has been extended by a 2nd giant loan dfl19 (albeit ameliorated by 135 rollover & putative 073 repayment - which can happen on a Sat if you pay the banks enough). If I remember rightly, J** went live on a Sunday.
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