david42
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Post by david42 on Jul 9, 2016 14:53:16 GMT
Started trawling bottom up through Live Loans updates to see what's occuring - seems the updates on the pages for 55/57 are the same - guess which is right ! Both, same borrower, same exit strategy, bought out by a fund ilmoro thank you for maintaining your excellent update summary. To avoid further confusion with PBL055 and PBL057, it might be helful to add Saving Stream's update to PBL057 - Land with planning - Scotland: " Borrower has agreed a sale for £6,000,000. On an option agreement for 12 months. The buyer will pay Saving Stream interest quarterly in advance for up to 12 months." Thank you Previous updates were talking about selling only the Scottish land for circa £5m. There are two possible interpretations of the latest updates: a) the borrower has agreed an option to sell both the Scottish and the Welsh land together for a total of £6,000,000. b) the borrower has agreed an option to sell only the Scottish land for £6,000,000.
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david42
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Post by david42 on Jul 2, 2016 21:09:01 GMT
I get them, there is a tick box in account, email preferences, both emails - request and processed - are optional. That's how I know the time of yesterday's repayment run Yes, mine is checked too, but I don't receive any notifications for withdrawals having been processed, only made. I receive an email from Saving Stream saying "We are pleased to confirm your withdrawal has been processed and should now be in your account". A minute later I get an email from my bank saying the money has arrived. I used to miss a lot of Saving Stream emails before I changed my email provider from Yahoo.co.uk to Zoho.com.
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david42
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Post by david42 on Jun 29, 2016 20:19:38 GMT
I am guessing it is probably also the case that Lendy's most recent accounts are available for download on the Companies House Web Site (for a fee) which should answer all of these questions and more. Companies House documents are availabale for free, here: beta.companieshouse.gov.uk/company/08244913/filing-historyCan be a useful inormation source for due diligence on loans. In the case of Lendy Ltd, they have chosen to publish only a balance sheet because they come under the small companies exemption. In December 2014 the company was worth £270k, and they were sitting on a cash pile of £3.7M. A surprisingly large cash float to have borrowed but not lent out.
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david42
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Post by david42 on Jun 16, 2016 16:37:57 GMT
MoneyThing I think Stevet mentioned this but I can't find the post, can you just confirm again, that should cashback be applied, it would be applied to all tranches? Earlier in this topic Ed said: ... if in the event we did need incentives then we would ensure that all participants on the new batch of loans would be rewarded (so that there would be no reason to hold back in placing bids).
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david42
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Post by david42 on Jun 12, 2016 21:43:29 GMT
I passed the property when I was on the river today. No massive surprises or worries. Sorry I didn't have a camera, but here are a few notes about what I saw.
- It looks rather different from the headline picture on the SS site or the pictures published on the sales brochures on some internet property sites, so some of those pictures may have been artist impressions or rather old. The pictures inside the valuation document are more reflective of what I saw. - A few of the berths are occupied. A lot of empty berths. - I could not see evidence of any active boat building. I expected to see a half built houseboat because we had been told the owner's plan was to build houseboats. Maybe I have mis-understood or maybe the work is out of site. - It is an excellent location. It is the other side of the island from the main river navigation so there is no through traffic. - There are some big and impressive houseboats the other side of the river from this site, suggesting the addition of impressive houseboats on this site would be in keeping with the area.
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david42
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Post by david42 on Jun 6, 2016 19:53:12 GMT
Would love to know the logic of buying up the tiny amounts as they don't seem to be grouped for interest purposes. I'm sure I've missed something. Please don't anyone say 'yes you have', unless with explanation. :-) I thought cooling_dude had explained that one possible use of small parts is to preset the Google Captcha in preparation for making a subsequent larger purchase. In fuller detail: 1) Sell £0.01 of your loan 2) right click on the loan that is now for sale and select 'open in new tab' 3) repeat step 2 to create spare tabs to be used for subsequent purchases 4) optionally buy back your own loan part ready to use again next time 5) on one of the purchase tabs you have created, prime the Google Captcha, prefil in the maximum amount you want to buy and click on invest, then you just need to click OK when the loan is available, so you have a better chance of getting there first. A technique like this can be useful for amalgamating loan parts or transfering loans between accounts. Other reasons that I might buy small parts are because I don't always read the amount before I buy, or to clear up the list of available loans so that I can see when something more interesting is available. No doubt others have their own techniques, but this might give you an idea of the sort of thing that is probably happening.
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david42
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Post by david42 on Jun 3, 2016 18:22:11 GMT
In that case, does it make sense to get all 5 of the new tranches filled before the first ones are released for trading on the SM? ISTM that one of the reasons the B*ll***s loan took so long to fill was that regular SM availability of T1, T2 and T3 overshadowed sales of T4 and T5. If they're really all the same loan (since they rank equally and any lender incentive added later would apply across all 5) then it seems fair that they begin SM trading simultaneously. Acknowledged. We should have only released the SM once all of the B loan tranches had been filled. As such for this loan we will hold off switching on the SM once all tranches are filled. Regards, Ed. I disagree. If you delay switching on the SM, some of us will delay placing our bids until the loan is nearly full. We have seen this before on large loans. Letting people trade the early tranches is more likely to speed up the rate money flows into the loans.
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david42
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Post by david42 on Jun 3, 2016 12:56:20 GMT
are loans with less than 30 days remaining any riskier to buy than loans with much longer terms? Stevet and mrclondon have explained that the lender pays the interest up front so the first time we would know there was a problem repaying the loan is when the loan gets to maturity. The counter arguments are a) many loans get extended, so by excluding loans nearer to repayment you are significantly restricting your investment opportunities. PBL020 did not default until it was 150 days overdue. b) everyone is playing the same game, so if the risk of loss on this platform becomes significant we will find a shortage of people wanting to buy loans that are approaching maturity.
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david42
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Post by david42 on May 28, 2016 21:06:30 GMT
Or are we about to see a consequence of the recently enabled ability to withdraw parts from sale -- with most of the parts now on offer being withdrawn from sale before midnight and going back on sale after midnight just so that investors can accrue another day's interest? Why would anyone want to withdraw fund from sale across midnight? Interest now continues to be paid on loans while they are for sale: p2pindependentforum.com/post/104149/thread
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david42
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Post by david42 on May 28, 2016 18:58:57 GMT
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david42
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Lendy (L) in Administration
Withdrawals
May 28, 2016 13:34:12 GMT
Post by david42 on May 28, 2016 13:34:12 GMT
Saving Stream usually do a payment run on Saturday mornings. I received a withdrawal on Saturday 30th April.
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david42
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Post by david42 on May 27, 2016 15:20:12 GMT
What fun. Great excuse to have a break from playing FFF on the SS SM.
I now know that the answer is: 1) Santander 2) Lloyds 3) Barclays 4) HSBC 5) Nationwide
My irrefutable logic is: 1) Applying the MasterMind clues from Ed tells me the first three banks, and that HSBC is 4th or 5th. It also tells me the remaining slot must be one of Clydesdale, Co-operative Bank, First Direct, HSBC, Nationwide, Yorkshire Bank. 2) SteveT answer was the only offering for two hours to meet these requirements, and if it had not been the correct answer, Ed would certainly have published an updated set of clues before now. 2 hours with no comment from Ed is an eternity in MT time.
When I win I would like to donate my Snickers bar to RebsRep aka Viperstripes because I think RebsRep deserves some comfort food having been treated unreasonably severely by the moderators, and I am starting to worry about Mrs Things figure if we give her any more chocolate bars.
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david42
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Post by david42 on May 24, 2016 0:38:15 GMT
I thought we did have to get it right. If I make a mistake, Google punishes me with "Multiple correct solutions required". To test this I have just tried choosing a single incorrect image along with two correct images and I got the punishment immediately. Do you have a different experience? I would imagine your test was with the early " easier" puzzles, where google knows exactly what they are giving you. It's the later puzzles, with blurry images (the street signs, shop fronts etc) where 2 of the pictures google know is correct and require you to pick them while the 3rd picture is "Click what you want"; that 3rd picture is just google indexing it's images for their images & maps service. I quite ofter get the storefronts puzzle, with about 5 storefronts in one puzzle. The puzzle actually asks you to pick ALL the storefronts, but it doesn't matter if you pick 3 or all 5 pictures, as long as you pick two of the most obvious ones first (it's often the 2 clearest pictures). Yes. My test was on the easier puzzles. I have given up doing the difficult ones. I have a slow PC and once Google starts on the slower puzzles I find it is usually quicker to abandon the whole tab and start again with a fesh tab, when Google goes back to the easier puzzles.
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david42
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Post by david42 on May 23, 2016 23:49:04 GMT
Yep, you don't have to get it right for heavens sake, you just have to tick at least 3 boxes in the half-a$$ed fashion which suggests you are a confused human. Heck, even a bot can do it. 8>. One suspects that some of the street number and shop front pix were taken by Google's self drive car AFTER it was in the accident. 8>. I thought we did have to get it right. If I make a mistake, Google punishes me with "Multiple correct solutions required". To test this I have just tried choosing a single incorrect image along with two correct images and I got the punishment immediately. Do you have a different experience?
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david42
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Post by david42 on May 23, 2016 14:35:39 GMT
how can you tell whether a stretch of water is a river or a bit of a lake? If in doubt I choose the most promising three pictures. Three seems to be enough pictures to satisfy Google.
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