elliotn
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Post by elliotn on May 25, 2017 15:25:00 GMT
Google says so, assuming Pakistan Ordinance Factory have not yet been funded?
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jonah
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Post by jonah on May 25, 2017 19:51:32 GMT
Worry not. Come August, the cupboard will be bare as usual  I suspect less so than previous years, as DFL additional tranches don't need lawyers and therefore could happen in 'the holidays'.
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Post by p2plender on May 28, 2017 0:39:37 GMT
Now at the stage where new loans seem unable to be funded - well the sm indicates this.
Shame Lendy chose not to listen to the people who keep it in business.
Only one place next interest payment is going and that's away from Lendy.
Wake up Lendy.
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vmail
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Post by vmail on May 28, 2017 1:08:02 GMT
Looks like I need to sell some 340+ days loans
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jcb208
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Post by jcb208 on May 28, 2017 7:00:11 GMT
With 3.966 million on the market excluding defaults, looks like many loans will not be moving any time soon even after the interest run.I will be joining others now and my interest payment will be going elsewhere for the first time
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Post by lendinglawyer on May 28, 2017 8:35:33 GMT
Looks like we are back in the "I won't invest because I don't have instant liquidity" mindset. If everyone applies that Lendy might as well give up now. Ever think that by reinvesting your interest you'd be showing confidence in the platform that could if others also do so make a real difference? There are some justified concerns about certain loans but certainly not all of them.
Edit: to be clear I stand by my repeatedly made statement that Lendy need to slow the pace of new loans and focus on sustainability not pure volume. So I'm not saying they are doing it perfectly but I think the idea that the offerings on other sites are fundamentally superior is a bit rich when essentially they are all the same.
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username
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Post by username on May 28, 2017 9:45:04 GMT
Looks like we are back in the "I won't invest because I don't have instant liquidity" mindset. If everyone applies that Lendy might as well give up now. Ever think that by reinvesting your interest you'd be showing confidence in the platform that could if others also do so make a real difference? There are some justified concerns about certain loans but certainly not all of them. Edit: to be clear I stand by my repeatedly made statement that Lendy need to slow the pace of new loans and focus on sustainability not pure volume. So I'm not saying they are doing it perfectly but I think the idea that the offerings on other sites are fundamentally superior is a bit rich when essentially they are all the same. I agree with your edit, but I don't see why Lendy would seriously consider a change of approach without a reason - public complaining and reduction of investment get the point across, although clearly it's a fine line to tread before it becomes a vicious cycle.
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Post by Deleted on May 28, 2017 10:22:17 GMT
We're back at the magic £185m total live loanbook size where the SM becomes bloated. We've been here repeatedly over the last few months.
Equally, a couple of big repayments to bring the loanbook back down to £180m-ish quickly gets the SM moving again. We've seen that repeatedly over the last few months too.
One things for sure - if Lendy want to push much above the £185m magic barrier, they are going to need to do something to encourage more lender funds.
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vmail
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Post by vmail on May 28, 2017 10:44:39 GMT
Looks like we are back in the "I won't invest because I don't have instant liquidity" mindset. If everyone applies that Lendy might as well give up now. Ever think that by reinvesting your interest you'd be showing confidence in the platform that could if others also do so make a real difference? There are some justified concerns about certain loans but certainly not all of them. Edit: to be clear I stand by my repeatedly made statement that Lendy need to slow the pace of new loans and focus on sustainability not pure volume. So I'm not saying they are doing it perfectly but I think the idea that the offerings on other sites are fundamentally superior is a bit rich when essentially they are all the same. Why should Lendy slow the pace of new loans to keep investor happy? It's the borrowers who require the money. If Lendy were to tell the borrower that they can't have the money they need because the investors are whinging then the borrower would go elsewhere.
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Post by lendinglawyer on May 28, 2017 11:40:38 GMT
Exactly @leopardcat. It's not like you can please one and ignore he other. Part of the pitch to borrowers is inevitably "look how many loans we've filled". If you lose your investors you lose your borrowers. Simples.
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username
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Post by username on May 28, 2017 12:59:03 GMT
These DFLs have started to get me a bit concerned, if they can't fill the tranches then development stops and presumably the loan can't be paid back. Doesn't seem the sort of project that you can easily back out of unless the monitoring report highlights really serious issues.
Also makes you wonder if there are any obligations on Lendy in the DFL contracts...
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GeorgeT
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Post by GeorgeT on May 28, 2017 13:02:00 GMT
We're back at the magic £185m total live loanbook size where the SM becomes bloated. We've been here repeatedly over the last few months. Equally, a couple of big repayments to bring the loanbook back down to £180m-ish quickly gets the SM moving again. We've seen that repeatedly over the last few months too. One things for sure - if Lendy want to push much above the £185m magic barrier, they are going to need to do something to encourage more lender funds. Top quality posting and highly astute IMO.
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elliotn
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Post by elliotn on May 28, 2017 13:21:59 GMT
It may be worth taking Ly out of isolation and looking at any correlation with other loan books. 13% on MT, CB & 14% on Col have left unusual SM balances as investors tend to cross-finance across books.
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Post by Deleted on May 28, 2017 13:26:03 GMT
Just looked - 173 million at the moment. I have never looked at the loan book size versus liquidity as you have. I wonder if the "magic number" is creeping down given the duration of a turgid SM - just a thought. Having noted your observation @eurasian69 , total loan book is something I will make a point of looking at - an interesting correlation. I'm including defaults - £185m. Its amazing how consistent this number has been over the last few months.
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IFISAcava
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Post by IFISAcava on May 28, 2017 15:31:19 GMT
Surely all they have to do is introduce an IFISA and all the liquidity will return (nearly) instantly?
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