n
Member of DD Central
Yet another Nick
Posts: 882 
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Post by n on Sept 28, 2017 14:28:27 GMT
Well the automated deposit system is currently down, which is not doing anything to help liquidity at all, is it Paul64 ? I'm sure that plenty of this liquidity (at least the higher quality loans) would have been mopped up if only lenders had been able to deposit funds into their accounts. C'mon Lendy - this isn't good for sentiment at all, please sort out the auto-deposits asap . The warning message has disappeared so maybe they're open for business again?
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stokeloans
Member of DD Central
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Post by stokeloans on Sept 28, 2017 14:41:15 GMT
I've sold out of 2 loans in the last 24 hours or so....therefore someone is buying
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Post by portlandbill on Sept 29, 2017 9:50:46 GMT
I've sold out of 2 loans in the last 24 hours or so....therefore someone is buying 200+ day, 12% PBLs are selling easily. Anything else, not so much.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Sept 29, 2017 9:54:57 GMT
I've sold out of 2 loans in the last 24 hours or so....therefore someone is buying 200+ day, 12% PBLs are selling easily. Anything else, not so much. Yes these are very pivotal times and only very high class loans are now able to be sold.
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Post by portlandbill on Sept 29, 2017 10:02:57 GMT
And Lendy's response - fail fast and swivel (actually pivot, but we all know what they meant)
Yesterday I actually went backwards in the sales queue on a DFL and a PBL. How can that happen?
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r1200gs
Member of DD Central
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Post by r1200gs on Sept 29, 2017 10:06:57 GMT
There's no reason for anybody to buy other than the best loans on offer of course. What we need here is repayment of some hefty loans. I thought we might be in line for a very big one soon, but the tone seems to have changed in the update. Oh, new update and Lendy are reassured. That's good then, probably. PBL143.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Sept 29, 2017 10:37:50 GMT
And Lendy's response - fail fast and swivel (actually pivot, but we all know what they meant) Yesterday I actually went backwards in the sales queue on a DFL and a PBL. How can that happen? Depends on the loan. For DFL it is might be unfunded prefunding on latest tranche being returned to market. For PBL, no idea
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GeorgeT
Member of DD Central
Posts: 1,322
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Post by GeorgeT on Sept 29, 2017 13:06:17 GMT
I'm now selling down even in what I call the high class loans. Sadly, owing to the declining health of the platform (in my opinion) I don't think there are such things as high class loans anymore. The risk of platform failure sometime next year seems to me to be a real, over-arching risk that downgrades even the best loan to only medium class.
This morning I sold some PBL178, PBL179 and DFL027 and all sold in a matter of minutes. However I have some other stuff up for sale and it's proving a slow process to shift it all.
I fear Sunday's interest run may not make a great dent either. The days of the monthly interest run leading to a SM clear out seem to have long gone with, seemingly, more and more investors choosing to withdraw their interest rather than re-invest it.
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stokeloans
Member of DD Central
Posts: 402
Likes: 485
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Post by stokeloans on Sept 29, 2017 13:12:17 GMT
I've sold out of 2 loans in the last 24 hours or so....therefore someone is buying 200+ day, 12% PBLs are selling easily. Anything else, not so much. DFL011 and DFL007 I sold
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jcb208
Member of DD Central
Posts: 838
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Post by jcb208 on Sept 29, 2017 13:19:30 GMT
Over the months I have only reduced my lending by 25% but after todays sorry readings I am going to have to think hard about my next move,Theres a lot which will not shift but do I sell out the loans which will.Im not sure that many of the other platforms will perform better in the long run so may need to find a new venture for my money
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twoheads
Member of DD Central
Programming
Posts: 1,089
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Post by twoheads on Sept 29, 2017 13:19:40 GMT
200+ day, 12% PBLs are selling easily. Anything else, not so much. DFL011 and DFL007 I sold I sold over £70k of 200+ day 12% loans yesterday without problem. Stuck in some cement but very near queue front. I'm now selling down even in what I call the high class loans. Sadly, owing to the declining health of the platform (in my opinion) I don't think there are such things as high class loans anymore. The risk of platform failure sometime next year seems to me to be a real, over-arching risk that downgrades even the best loan to only medium class. Well they said you was high classed Well that was just a lie Etc.
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Post by retired2005 on Sept 29, 2017 13:20:36 GMT
I too have lost faith..... Have sold everything that will sell except a couple of bits of DFL's which have huge queues - I have more faith in these as projects than a lot of other loans. I also hold some Exeter but fortunately only in the low 00's  |
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Post by Harland Kearney on Sept 29, 2017 14:04:24 GMT
I've stayed faithful to the platform since I joined P2P, but as time has gone on, liquidy to me is a big indicator of a platforms health. If there were fewer defaulted loans and more repayments (probs combat liquidy itself) I would be confident in holding more of my loans to term, but currently I have little faith in the platform. I think the platform will survive and I'm not whistle calling its just the risk meter has been shot though the roof by platform risk more than the actual properties themselves in some cases. It's my oppuion not a fact of course and I'm sure investors will make there own judgements on acceptable risk. Been a good platform while it appealed to me at least  |
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southport
Member of DD Central
Posts: 125
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Post by southport on Sept 29, 2017 14:30:50 GMT
The platform needs some BIG repayments very soon but all that seems to be coming is BIG defaults. Confidence is very low at the moment and I think it will be very hard for Lendy to dig themselves out of the massive hole which they have put themselves in. We need some good news FAST...
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IFISAcava
Member of DD Central
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Post by IFISAcava on Sept 29, 2017 14:53:35 GMT
I sold over £70k of 200+ day 12% loans yesterday without problem. Stuck in some cement but very near queue front. I'm now selling down even in what I call the high class loans. Sadly, owing to the declining health of the platform (in my opinion) I don't think there are such things as high class loans anymore. The risk of platform failure sometime next year seems to me to be a real, over-arching risk that downgrades even the best loan to only medium class. Well they said you was high classed Well that was just a lie Etc. I was buying them yesterday. Selling them on today. Although the Lendy interest bug may stop me even getting 1 day's interest on them
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