duck
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Post by duck on Jun 30, 2017 5:56:56 GMT
Whilst I'm not with this platform I thought this article would be of interest to those of you who are. |
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jun 30, 2017 6:10:14 GMT
The platform has decided to focus on HNW and sophisticated investors so does not need p2p authorisation.
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duck
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Post by duck on Jun 30, 2017 6:25:35 GMT
The platform has decided to focus on HNW and sophisticated investors so does not need p2p authorisation. OK understood, as I said I don't invest through this platform but I saw a few 'familiar' names on the threads (yours being one) so thought it worth posting.
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pom
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Post by pom on Jun 30, 2017 8:42:37 GMT
Interesting, tho I suppose not entirely surprising given they've never really been proper p2p.
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gibmike
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What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Jul 16, 2017 22:02:36 GMT
Unfortunately the only word I can use regarding LI is "disappointing". Having had a 6 figure sum with them in December, they have not had the decency to contact me regarding the changes they have made.
As both a SI and HNWI I am surprised at their lack of communication.
Mike
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jlend
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Post by jlend on Jul 19, 2017 21:36:14 GMT
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shuff27
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Post by shuff27 on Jul 21, 2017 10:29:28 GMT
Just had notification of this bond from my sipp provider. As I have some uninvested cash in the sipp I will be looking into it. Any thoughts?
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upland
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Post by upland on Jul 27, 2017 5:41:37 GMT
I have recently had an email from them about a 5 year bond for 5.25%. If they can raise money at that rate then why bother with us ? www.lendinvest.com/invest/bonds/ |
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jlend
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Post by jlend on Jul 27, 2017 5:56:21 GMT
Just had notification of this bond from my sipp provider. As I have some uninvested cash in the sipp I will be looking into it. Any thoughts? Personally I won't be investing in it. I have bought the majority of new issues on the ORB market over the last few years but tended to stick with larger companies issuing bonds and ones where I thought there may be some capital appreciation early on if I want to or need to sell. You don't pay any CGT on any capital gain with ORB listed bonds.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jul 27, 2017 6:25:24 GMT
I have recently had an email from them about a 5 year bond for 5.25%. If they can raise money at that rate then why bother with us ? www.lendinvest.com/invest/bonds/It's a concern. Maybe we will see rates falling down to this level. Anyway I hope they don't spend too much money on advertising (like Wellesley did) as this has to be at the expense of lenders' rates.
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jlend
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Post by jlend on Jul 27, 2017 8:29:28 GMT
I have recently had an email from them about a 5 year bond for 5.25%. If they can raise money at that rate then why bother with us ? www.lendinvest.com/invest/bonds/It's a concern. Maybe we will see rates falling down to this level. Anyway I hope they don't spend too much money on advertising (like Wellesley did) as this has to be at the expense of lenders' rates. It will be costing them a bit more than 5.25 as there will be costs associated with issuing the ORB bond
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Post by ddraiggoch on Aug 2, 2017 18:47:51 GMT
The majority of ORB market bonds trade above their issue price - be interesting to see what happens with this one. looks like they will run with bond applications being permitted for the full offer period. Thus a closing date of August 4th. If memory serves, I think EROS was the last ORB listing not to close early. With no early closing it could indicate a poor uptake and with institutional and large investors staying shy of the offer. This being the case it does not bode well for an above par value from the outset.
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jlend
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Post by jlend on Aug 3, 2017 11:10:23 GMT
The majority of ORB market bonds trade above their issue price - be interesting to see what happens with this one. looks like they will run with bond applications being permitted for the full offer period. Thus a closing date of August 4th. If memory serves, I think EROS was the last ORB listing not to close early. With no early closing it could indicate a poor uptake and with institutional and large investors staying shy of the offer. This being the case it does not bode well for an above par value from the outset. Closed this morning at 11.30. Albeit only a day early.
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Post by ddraiggoch on Aug 3, 2017 15:27:29 GMT
Yes. Just had notification from my broker that my order was met in full and will be placed on my account on the 10th.
Just have to wait and see what pre trading activity there is and any indication to +/- par
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jlend
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Post by jlend on Aug 5, 2017 17:57:03 GMT
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