South Coast Plumbing & Mechanical Services Loan Tranche 1&2

I don't have a shadow bid facility which would be needed to roll over the original loan.   I only have a small investment in this loan so it would be rather pointless arranging shadow bidding when the system is about to change anyway.   I will decide whether to buy on the aftermarket when T1 is repaid.   Maybe there are many others doing the same.

Yes, you would imagine that the next 2-3 days from Wednesday 5th would be Friday 7th or Monday 10th - so it's still possible that the shadow/uwriter call goes out on Monday "with a view to" drawing down on Tuesday which I would still call "early next week".   However, as I haven't had that email and it's taking a while at the moment for everyone to get their funds organised then I'd expect that we are looking at the end of next week (14th) or the start of the week after.

Ton ⓉⓞⓃ:  It seems reasonable to me that you wouldn't receive an email because you don't need to do anything.  The only consequences for you of the timing of the T2 drawdown are that the excess that you're not reinvesting won't be available until it happens, and that the interest you're earning on the amount you're rolling forward won't increase to 12% until drawdown.

mikes1531 Yep. I've been drip feeding like that in recent days and got another £52.04 of it this morning Wish I'd thought of it a month ago!

(the red bit is my edit )

My grab was at 11:28 after we'd been PM-ing. Nothing since. Ey-up!! Another £21.00 at 17:19.

 niceguy37

Ta!

I had a bit of cash in my account last night.  It disappeared at 0845 today when I picked up some T1.  Two minutes later, lightning struck and I sold £100 of Kent.  (Maybe the purchaser was re-deploying the proceeds of their T1 sale.)  So when Ton ⓉⓞⓃ's sales came along, I bought £47.25 at 0956, £50 at 0957, and £2.75 at 1001 as my account ran out of money again.  The implication is that if Ton had tried another sale there would have been only two buyers with any money left -- or maybe even less if someone else had run out of spare cash or had reached their target.  No doubt the number of potential buyers is ever-changing as investors adjust targets and accounts run out of money or are replenished.

I sold some bits after lunch to replenish my cash supply.  At 1703 I picked up a small bit of Car************ WT, and at 1719 another bit of T1 came available and used up the rest of my cash.

I've raised a bit more cash since, and wonder what I'll pick up next.  I must say, though, that the new AC system seems to be working very well for increasing one's holdings in a diversified way.  Well done, chris!