jlend
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Post by jlend on Oct 27, 2017 9:37:54 GMT
23:12 212k up - something's spooked the sheeple ......... Not sure this is fair. What you are calling sheeple, are probably just traders. An investment you can exit quickly is worth more than an investment you have to wait to exit. This is why instant access pays less than a notice account. This loan used to be liquid. Now it is not. The loan is now worth less because sentiment has moved against it. In a normal market the price would have dropped, and liquidity would have returned. For someone who previously judged the loan to be a marginal hold, the fall in liquidity in and of itself justifies a sale. The complicated story behind this loan always had the potential to surface and frighten the traders. For which reason, I haven't been in this loan for some months. I agree that the fundamentals of the loan still look OK. But I would prefer to hold loans where the fundamentals look OK and I can exit should I so wish. Hopefully the next update on the loan from Moneything will help settle down the secondary market.
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r00lish67
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Post by r00lish67 on Oct 27, 2017 9:54:21 GMT
23:12 212k up - something's spooked the sheeple ......... Not sure this is fair. What you are calling sheeple, are probably just traders. An investment you can exit quickly is worth more than an investment you have to wait to exit. This is why instant access pays less than a notice account. This loan used to be liquid. Now it is not. The loan is now worth less because sentiment has moved against it. In a normal market the price would have dropped, and liquidity would have returned. For someone who previously judged the loan to be a marginal hold, the fall in liquidity in and of itself justifies a sale. The complicated story behind this loan always had the potential to surface and frighten the traders. For which reason, I haven't been in this loan for some months. I agree that the fundamentals of the loan still look OK. But I would prefer to hold loans where the fundamentals look OK and I can exit should I so wish. It's (another) really good point charlata that I kind of 'do' but hadn't really articulated to myself as to why. All investors, even those who do extensive DD, are ultimately putting their funds at risk, and can't be sure of how it's going to pan out. For those who do have an edge, they want a platform where liquidity isn't going to be an issue, not one where some old news popping up causes a total blockage rendering their detailed research irrelevant. For those who don't have an edge, they also want to be able to sell out, perhaps because they've realised they're out of their depth or perhaps because they want to buy a house rather than invest in one. We can argue that they shouldn't have invested in the first place, but there are those people nonetheless and they'd be better served by going somewhere that their needs are met. I really do like MT in nearly all other respects, the current situation is a bit of a shame.
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treeman
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Post by treeman on Oct 27, 2017 9:58:00 GMT
23:12 212k up - something's spooked the sheeple ......... Not sure this is fair. What you are calling sheeple, are probably just traders. An investment you can exit quickly is worth more than an investment you have to wait to exit. This is why instant access pays less than a notice account. This loan used to be liquid. Now it is not. The loan is now worth less because sentiment has moved against it. In a normal market the price would have dropped, and liquidity would have returned. For someone who previously judged the loan to be a marginal hold, the fall in liquidity in and of itself justifies a sale. The complicated story behind this loan always had the potential to surface and frighten the traders. For which reason, I haven't been in this loan for some months. I agree that the fundamentals of the loan still look OK. But I would prefer to hold loans where the fundamentals look OK and I can exit should I so wish. Possibly a little harsh, though I suspect the twitchies play a part too. A good point well made in para 2.
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mary
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Post by mary on Oct 27, 2017 10:33:20 GMT
According to Jonah's availability tracker (http://p2pindependentforum.com/thread/5507/current-loan-availability-tracker) the SM is nearly at its two month low.
Therefore liquidity is approximately normal. The fact that today this loan forms a majority is a reaction to the speculation, it was the Hall last week, and something else before that!
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Post by Deleted on Oct 27, 2017 10:41:15 GMT
According to Jonah's availability tracker (http://p2pindependentforum.com/thread/5507/current-loan-availability-tracker) the SM is nearly at its two month low. Therefore liquidity is approximately normal. The fact that today this loan forms a majority is a reaction to the speculation, it was the Hall last week, and something else before that! Problem is, those figures ignore the two large loans that have defaulted in the last couple of months, and hence been cleared from the SM...
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carolus
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Post by carolus on Oct 27, 2017 11:19:01 GMT
I notice there's still big chunks being taken, with about £30k gone from the queue since last night.
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Post by badboyyardy on Oct 27, 2017 15:13:38 GMT
Probably being a bit slow - what exactly am I searching for at the gazette link?
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treeman
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Post by treeman on Oct 27, 2017 15:46:06 GMT
Probably being a bit slow - what exactly am I searching for at the gazette link? There is no gazette link posted to what people have been discussing - that would identify the borrower.......... See this post upthread a bit. Search the gazette for the names in the MT loan details. (The link I posted is to the Gazette notice codes list for ref)
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Post by MrHappyGoLucky on Oct 27, 2017 15:51:50 GMT
I found that the director and the directors of the significant control company are part of group of companies registered at the same address.
Interestingly, reported in July 2017 in BBC news, one of their regeneration project was stalled and its sales agent was accused of fraud in Hong Kong. The group "will seek to dispose of" all property interests. Not sure whether it is related to this loan.
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jlend
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Post by jlend on Oct 27, 2017 16:29:33 GMT
I found that the director and the directors of the significant control company are part of group of companies registered at the same address. Interestingly, reported in July 2017 in BBC news, one of their regeneration project was stalled and its sales agent was accused of fraud in Hong Kong. The group "will seek to dispose of" all property interests. Not sure whether it is related to this loan. All the sites being managed by N**** P**** G***** are being sold off and NPG has recently entered a CVA. Each site is under a different company. That I think is what you are looking at. So be interesting to see if something similar happen's to the MT loan given the recent gazette entry.
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jonah
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Post by jonah on Oct 27, 2017 17:13:25 GMT
According to Jonah's availability tracker (http://p2pindependentforum.com/thread/5507/current-loan-availability-tracker) the SM is nearly at its two month low. Therefore liquidity is approximately normal. The fact that today this loan forms a majority is a reaction to the speculation, it was the Hall last week, and something else before that! It is more of a "new normal". A longer term graph would show this. Previously normal was a few bits and pieces if you were lucky, or indeed nothing available. Yes, those graphs are pretty rubbish. Someone should do a proper job there. There is a view of last year here though p2pindependentforum.com/post/171254/thread and for all of 2017 here p2pindependentforum.com/post/171484/thread basically since mid May MT hasn’t had an empty SM.
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oik
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Post by oik on Oct 27, 2017 17:45:55 GMT
I found that the director and the directors of the significant control company are part of group of companies registered at the same address. Interestingly, reported in July 2017 in BBC news, one of their regeneration project was stalled and its sales agent was accused of fraud in Hong Kong. The group "will seek to dispose of" all property interests. Not sure whether it is related to this loan. There seems to be a lot more allegations and dirty washing lnked to various directors. The Liverpool Echo seems a good source and every soul in Liverpool seems to know about them. Not a loan I'd choose to hold.
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hazellend
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Post by hazellend on Oct 27, 2017 18:01:02 GMT
Not much choice but to hold now - just switch off and come back later
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Carter
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Post by Carter on Oct 27, 2017 21:48:10 GMT
I found that the director and the directors of the significant control company are part of group of companies registered at the same address. Interestingly, reported in July 2017 in BBC news, one of their regeneration project was stalled and its sales agent was accused of fraud in Hong Kong. The group "will seek to dispose of" all property interests. Not sure whether it is related to this loan. There seems to be a lot more allegations and dirty washing lnked to various directors. The Liverpool Echo seems a good source and every soul in Liverpool seems to know about them. Not a loan I'd choose to hold. The local paper, as above, has a great deal of information on the wider issues relating to this group of companies and stalled developments in Liverpool. Not pretty reading at all. It would be reassuring to see MT managing this loans exit strategy closely from here on in.
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m2btj
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Post by m2btj on Oct 28, 2017 9:58:23 GMT
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