skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Oct 4, 2017 10:08:16 GMT
I was pleasantly surprised this a.m. to see how the SM has reduced so much in just 24 hours.......I was starting to get worried as my portfolio of loans were getting longer Qs.........Yesterday all but three had tolerable Qs ie <£2k now only 1 has a Q, my Achille's heel ie DFL005 which seems to be getting longer, I tried to sell it on 2 occasions but couldn't see it going before default (unless settled before) and thought it best to keep so at least I get the interest rather L.......I just hope L do not throw a load more of new loans at us too quickly to allow SM to shrink some more and hopefully rebuild some confidence
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seeingred
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Post by seeingred on Oct 4, 2017 10:34:05 GMT
You may need to take a longer view. Looking at jonah charts of the totals on the SM, if we go back to 24 Sept the SM was around 2 million - IOA and IA loans combined. It had been around that figure for some days. Then we start a rise towards the end of the month, despite a few blips owing to several small repayments. It reaches 4 million owing perhaps to people being hopeful of sales at the end of the month. Then J** repays over £7 million. and we are back close to where we were on 24 September. So in net terms J** has made no difference. Of course, the SM would have remained higher if it hadn't been for J** and there has been a lot of 'activity'. I've topped up a few 'good' loans, bought a bit more of short dated but (apparently) secure loans (C******* Land and The A***** Norfolk) on the basis these should be repaying before Lendy suffer real problems. Yes, I am reinvesting but on the basis of in for a short time and out quickly, via expected repayments. I'm not relying on the SM to get out. We need to look at the total on the SM is a couple of weeks time. If it is again close to 2 million, then in net terms most of the J** money will have left the platform? Indeed when you add together all of the recent repayments they are close to £9 million. DFL tranches currently in the pipeline will need funding - and unsold blocks will be added to the SM - this is now a requirement. So come back in two weeks when the DFLs have been (part) funded and see what the SM is showing. |
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garfield
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Post by garfield on Oct 5, 2017 8:33:57 GMT
According to this article, Ly are only about half way through a series of loan repayments (assuming my maths is good): www.p2pfinancenews.co.uk/2017/10/04/lendy-largest-p2p-loan/I've always thought they "managed" repayments to suit themselves. I wonder what's coming up next? I added up what's been paid back so far this week and it comes to a little over £9.4m. |
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nick
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Post by nick on Oct 5, 2017 9:38:27 GMT
According to this article, Ly are only about half way through a series of loan repayments (assuming my maths is good): www.p2pfinancenews.co.uk/2017/10/04/lendy-largest-p2p-loan/I've always thought they "managed" repayments to suit themselves. I wonder what's coming up next? I added up what's been paid back so far this week and it comes to a little over £9.4m. So they are expecting further repayments totalling just shy of £10M by the end of next week. It like waiting for a bus....you wait ages for one and then a whole load come at once!
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SteveT
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Post by SteveT on Oct 5, 2017 9:51:51 GMT
So they are expecting further repayments totalling just shy of £10M by the end of next week. It like waiting for a bus....you wait ages for one and then a whole come at once! It's the annual "summer holiday effect" again. Just as it takes 6-8 weeks after everyone gets back to their desks for new loans to start emerging, the equivalent refinancing deals needed to repay older loans take similar time to progress through legals and complete.
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chunkie
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Post by chunkie on Oct 7, 2017 16:48:46 GMT
If my arithmetic is correct, since end Sept Lendy has had 9.4 million repaid and paid out 1.5 million in interest but the SM has only reduced ca. 1.7 million. Assuming there have been some new investors then ca. 10 million in "old money" has left the platform; is that about right?
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spyrogyra
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Post by spyrogyra on Oct 7, 2017 17:35:36 GMT
Some money went towards new tranches.
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ben
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Post by ben on Oct 7, 2017 18:04:22 GMT
I doubt the repayments will make much difference to the secondary market, investors will already hold what they want of the loans and the better loans will get snapped up as soon as someone tries to sell them. Still do not understand why the secondary market is a busy as is it, plenty of loans I would not invest in when they were released yet people are buying them up 4 months on so potentially only getting 2 months interests, so the risk is even higher.
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neal
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Post by neal on Oct 7, 2017 20:43:23 GMT
If my arithmetic is correct, since end Sept Lendy has had 9.4 million repaid and paid out 1.5 million in interest but the SM has only reduced ca. 1.7 million. Assuming there have been some new investors then ca. 10 million in "old money" has left the platform; is that about right? Although not £10m, I have withdrawn about 10% of my total funds in Lendy since things started moving in the last week.
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mikes1531
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Post by mikes1531 on Oct 7, 2017 21:53:05 GMT
Although not £10m, I have withdrawn about 10% of my total funds in Lendy since things started moving in the last week. So have I. ISTM that the improved liquidity in the SM was an opportunity not to be missed. The sales made my diversification worse but I feel better about my whole portfolio now.
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Post by lendinglawyer on Oct 11, 2017 6:55:01 GMT
Lendy Support any intel on the other millions of repayments you wrote about recently? I’m assuming they are entirely certain to be received given you wrote about them in public. Anything else would be a bit misleading. Thank you.
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r1200gs
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Post by r1200gs on Oct 11, 2017 11:07:19 GMT
Lendy Support any intel on the other millions of repayments you wrote about recently? I’m assuming they are entirely certain to be received given you wrote about them in public. Anything else would be a bit misleading. Thank you. I know nothing about this, but some repayments would be most welcome. Where was this written about?
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garfield
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Post by garfield on Oct 11, 2017 14:43:45 GMT
Lendy Support any intel on the other millions of repayments you wrote about recently? I’m assuming they are entirely certain to be received given you wrote about them in public. Anything else would be a bit misleading. Thank you. I know nothing about this, but some repayments would be most welcome. Where was this written about? There's a more specific reference in here too! www.p2pfinancenews.co.uk/2017/10/04/lendy-largest-p2p-loan/
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moist
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Post by moist on Oct 11, 2017 15:37:43 GMT
Call me cynical but guessing a couple of repayments on Friday...to take the emphasis away from the weekly upbeat.....
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mikes1531
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Post by mikes1531 on Oct 11, 2017 15:39:38 GMT
Yes, indeed. I see £8.2M of repayments so far. All they need to reach their expectation is another £10.8M of repayments today, tomorrow, and Friday. I hope the occupants of ilmoro's hat are ready for an outing! 
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