robski
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Post by robski on Aug 2, 2017 11:48:46 GMT
Any update? Or do we just need to play the "its there when its there" game
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GeorgeT
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Post by GeorgeT on Aug 2, 2017 22:18:49 GMT
Any update? Or do we just need to play the "its there when its there" game I declare a heavy personal interest in these loans and when I read the update that the borrower had provided a backstop date of 4th August then I assumed 4th August would be the date. I would be very surprised if this was repaid on Thursday when the borrower has said Friday by the latest. I am hanging my hat on the repayment coming in on Friday 4th August but if it does not then we have got a problem. At this stage I see no reason to panic and I hope it is just a case of a cunning borrower hanging on to the money for a few extra days. Perhaps it is invested on MT earning the borrower 12% interest in the meantime.
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Post by eascogo on Aug 2, 2017 22:32:32 GMT
Any update? Or do we just need to play the "its there when its there" game I declare a heavy personal interest in these loans and when I read the update that the borrower had provided a backstop date of 4th August then I assumed 4th August would be the date. I would be very surprised if this was repaid on Thursday when the borrower has said Friday by the latest. I am hanging my hat on the repayment coming in on Friday 4th August but if it does not then we have got a problem. At this stage I see no reason to panic and I hope it is just a case of a cunning borrower hanging on to the money for a few extra days. Perhaps it is invested on MT earning the borrower 12% interest in the meantime. If I added correctly this will repay £7,850,000 excl. interest. This should help make the SM more liquid.
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elliotn
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Post by elliotn on Aug 3, 2017 1:47:26 GMT
Any update? Or do we just need to play the "its there when its there" game I declare a heavy personal interest in these loans and when I read the update that the borrower had provided a backstop date of 4th August then I assumed 4th August would be the date. I would be very surprised if this was repaid on Thursday when the borrower has said Friday by the latest. I am hanging my hat on the repayment coming in on Friday 4th August but if it does not then we have got a problem. At this stage I see no reason to panic and I hope it is just a case of a cunning borrower hanging on to the money for a few extra days. Perhaps it is invested on MT earning the borrower 12% interest in the meantime. George, may I recomend exiting loans early to avoid any unexpected redemption issues (there's a thread on this board to help you ).
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archie
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Post by archie on Aug 3, 2017 6:09:01 GMT
I make it £3,925,000 plus interest being repaid.
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mikeh
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Post by mikeh on Aug 3, 2017 7:26:49 GMT
I make it £3,925,000 plus interest being repaid. Agreed.
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Post by penguin on Aug 3, 2017 8:22:32 GMT
Any update? Or do we just need to play the "its there when its there" game I declare a heavy personal interest in these loans and when I read the update that the borrower had provided a backstop date of 4th August then I assumed 4th August would be the date. I would be very surprised if this was repaid on Thursday when the borrower has said Friday by the latest. I am hanging my hat on the repayment coming in on Friday 4th August but if it does not then we have got a problem. At this stage I see no reason to panic and I hope it is just a case of a cunning borrower hanging on to the money for a few extra days. Perhaps it is invested on MT earning the borrower 12% interest in the meantime. To be fair to the borrower, it is their new lender who has failed to come through on time
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dermot
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Post by dermot on Aug 3, 2017 11:03:36 GMT
I make it £3,925,000 plus interest being repaid. Think there'll be much of anything left on the SM after that little lot is repaid?
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archie
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Post by archie on Aug 3, 2017 11:34:40 GMT
I make it £3,925,000 plus interest being repaid. Think there'll be much of anything left on the SM after that little lot is repaid? No
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robski
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Post by robski on Aug 3, 2017 11:41:48 GMT
I am sure some of the loans will remain on the SM, but I see the majority being snapped up pretty quickly
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n
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Yet another Nick
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Post by n on Aug 3, 2017 11:50:45 GMT
I have been increasing my platform exposure for a while now in anticipation of the repayment, so will be withdrawing the bulk of it to restore the balance in my banks.
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mickj
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Post by mickj on Aug 3, 2017 12:58:51 GMT
I have been increasing my platform exposure for a while now in anticipation of the repayment, so will be withdrawing the bulk of it to restore the balance in my banks. Same here, bit over in p2p just now.
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rogerbu
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Post by rogerbu on Aug 3, 2017 13:46:52 GMT
MoneyThing Any update on when the funds will hit our accounts?
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Post by MoneyThing on Aug 3, 2017 14:06:22 GMT
MoneyThing Any update on when the funds will hit our accounts? I am hoping to announce something shortly... funds are currently en route to us and will hopefully arrive later today (if not certainly tomorrow). Regards, Ed.
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GeorgeT
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Post by GeorgeT on Aug 3, 2017 21:29:43 GMT
MoneyThing Any update on when the funds will hit our accounts? I am hoping to announce something shortly... funds are currently en route to us and will hopefully arrive later today (if not certainly tomorrow). Regards, Ed. That's a hugely reassuring post Ed and many thanks to you for providing the update. I just navigated myself on to this thread to post a short comment about how it was going to be a very nervy night wondering whether this one would repay tomorrow or not. I was expecting to have to neck a few down before getting into bed to settle me down and get some sleep. Now I can have a more relaxed night.
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