oik
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Post by oik on Jun 18, 2018 11:22:33 GMT
Odd you should think I am burdened by principles. Like most of the World I sometimes give something away if there is something I want enough in exchange (would be more than one or two loans I fancied though, I have no trouble passing on loans these days) I've come to appreciate the advantages of being on the naughty step Moneything uses against it's non-compliant customers. Stops me accidentally investing in another dodgy loan because nothing better is available. The way I stumbled into the Lytham loan.
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withnell
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Post by withnell on Jun 21, 2018 15:21:29 GMT
Only 90k left now. For what it's worth I think this loan is alright, I just don't have the funds to invest with the general stagnation in repayments across multiple platforms at the moment
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Jeepers
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Post by Jeepers on Jun 22, 2018 11:26:49 GMT
Looks like it's remaining open.
Will probably fill early next week.
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archie
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Post by archie on Jun 24, 2018 9:07:26 GMT
6k 2k left.
All gone.
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toast
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Post by toast on Jun 24, 2018 12:28:22 GMT
Can't see this filling. Can't see cashback helping. I'm happy to be proved wrong!
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m2btj
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Post by m2btj on Jun 24, 2018 14:36:20 GMT
I didn't invest in this tranche but had a decent slice of the first offering. The loan appears to be commercially sound & I'm glad to see it filled.
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jlend
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Post by jlend on Jun 24, 2018 14:47:24 GMT
Are any more tranches expected before the end of November end date?
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trevor
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Post by trevor on Jun 24, 2018 14:52:17 GMT
I'm happy to be proved right!
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hazellend
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Post by hazellend on Jun 24, 2018 14:57:30 GMT
Are any more tranches expected before the end of November end date? No because we are at max agreed loan to last known valuation %
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justme
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Post by justme on Jun 24, 2018 16:51:36 GMT
then the new valuation is organised which comes up with the increased value
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jlend
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Post by jlend on Jun 24, 2018 21:20:13 GMT
Are any more tranches expected before the end of November end date? No because we are at max agreed loan to last known valuation % There is mention of a new valuation not yet shared with MT in the last update. Is there a chance this could be used to raise more money on MT once it is shared?
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Jeepers
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Post by Jeepers on Jun 24, 2018 22:18:04 GMT
The borrower is now sitting on £575k. With this one being such a struggle to fill, they'll be waiting until there's more appetite to launch another tranche.
This is a sound loan but there's a lack of available funds in P2P at the moment.
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ding
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Post by ding on Jun 26, 2018 15:17:56 GMT
3rd Advance - 228k available.
I'm in the 1st, selling since March (because I'm a lemming) with 306k in front of me. Managed to sell out of the 2nd
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ptr120
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Post by ptr120 on Jun 26, 2018 16:43:44 GMT
3rd Advance - 228k available.
I'm in the 1st, selling since March (because I'm a lemming) with 306k in front of me. Managed to sell out of the 2nd You did well selling out of the second already. I sold the first as soon as the second was listed (within hours - it sold the next day). I listed my first part of the second advance within hours of drawdown and still have £62k in front of me. I listed the rest of my investment in the second part ten days later and have £180k in front of me. The queue for T2 is currently £236k. I do wonder if MoneyThing should combine tranches of loans such as this going forward? In the case of the Wigan hotel loans, we have some tranches where there is availability over £111k (T6) but other tranches (T1, 2, 3) with no availability. I'd wager that many of those who have listed their loan parts in later tranches have done so simply to reserve a place in the queue - safe in the knowledge that they can buy back in if they want. If there was only one queue there would be less gaming of the system, and the one queue would move at a faster pace for all.
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archie
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Post by archie on Jun 26, 2018 17:00:26 GMT
3rd Advance - 228k available.
I'm in the 1st, selling since March (because I'm a lemming) with 306k in front of me. Managed to sell out of the 2nd You did well selling out of the second already. I sold the first as soon as the second was listed (within hours - it sold the next day). I listed my first part of the second advance within hours of drawdown and still have £62k in front of me. I listed the rest of my investment in the second part ten days later and have £180k in front of me. The queue for T2 is currently £236k. I do wonder if MoneyThing should combine tranches of loans such as this going forward? In the case of the Wigan hotel loans, we have some tranches where there is availability over £111k (T6) but other tranches (T1, 2, 3) with no availability. I'd wager that many of those who have listed their loan parts in later tranches have done so simply to reserve a place in the queue - safe in the knowledge that they can buy back in if they want. If there was only one queue there would be less gaming of the system, and the one queue would move at a faster pace for all. I like it the way it is. Some lenders will buy into tranches they don't hold. If there's only one combined queue you lose the reason why they might buy. I suspect the net effect will be less buying.
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