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Post by GSV3MIaC on Aug 5, 2015 17:10:03 GMT
14736 has had splashback upped to 3%, yes 3%, assuming I read it right.
(However your chances of shifting it on the SM are likely slim!)
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Post by ratrace on Aug 5, 2015 17:32:48 GMT
l think the most interesting loan on the PM is the one that's just turned up 14814. lts a £360,000 A+ loan, so there a real chance of getting a 12% plus rate on that one.
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blender
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Post by blender on Aug 5, 2015 17:45:23 GMT
14736 has had splashback upped to 3%, yes 3%, assuming I read it right. (However your chances of shifting it on the SM are likely slim!) I think 3% is a record, but for me 2% over 8 months beats 3% over 17 months. And an A at 9% is like an A+ at 7% - not enough. (I am such a greedy b*st*rd, I blame FC for corrupting me).
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Post by ratrace on Aug 5, 2015 18:14:00 GMT
Only if the tall one takes an early shine to it, otherwise 65% might go at MBR leaving just £120k or so for the usual rabble to whittle down to (I'll have an early guess at) 10.9%? (Edit; that's a response to ratrace, which would have been obvious if blender wasn't so corrupting) Am guessing it will end up above 11%, mainly because loan 14736 is very likely to drain money away from this loan. Plus now we have got the E band that's had the knock on effect of pushing up rates in the other risk bands.
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Post by GSV3MIaC on Aug 5, 2015 18:23:17 GMT
Only if the tall one takes an early shine to it, otherwise 65% might go at MBR leaving just £120k or so for the usual rabble to whittle down to (I'll have an early guess at) 10.9%? (Edit; that's a response to ratrace, which would have been obvious if blender wasn't so corrupting) I don't think there is £240k of autobid MBR money available .. unless things have changed a lot, autobid usually runs out of gas before £100k.
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jonah
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Post by jonah on Aug 5, 2015 20:13:29 GMT
14736 has had splashback upped to 3%, yes 3%, assuming I read it right. (However your chances of shifting it on the SM are likely slim!) Just validating my understanding... You are thinking it is unlikely to sell well due to the sheer number of likely flippers buying it? also how come there is less than five days left? I thought FC loans had seven days from the start or am I trying to apply logic again?
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Post by GSV3MIaC on Aug 5, 2015 20:19:04 GMT
1. Yes
2. It is not a new listing, it was 7 days from when listed, not from when they upped the cash back.
Wrt 1, you WILL be able to sell it, if you give most of the splashback away as a discount.
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blender
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Post by blender on Aug 5, 2015 22:06:39 GMT
l think the most interesting loan on the PM is the one that's just turned up 14814. lts a £360,000 A+ loan, so there a real chance of getting a 12% plus rate on that one. Yes it will be interesting to see what the rate is like near the close. But having looked at the business I think it is for flipping rather than for keeping too long.
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jonah
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Post by jonah on Aug 6, 2015 5:33:21 GMT
2. It is not a new listing, it was 7 days from when listed, not from when they upped the cash back. If you had bid before the 3% was on that loan, would you get or not get that CB ?
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Post by GSV3MIaC on Aug 6, 2015 6:33:52 GMT
Everyone gets it, even if they had bid earlier . P.s. 'bided' is rather a different thing from 'bid'.
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min
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Post by min on Aug 6, 2015 6:43:38 GMT
2. It is not a new listing, it was 7 days from when listed, not from when they upped the cash back. If you had bided before the 3% was on that loan, would you get or not get that CB ? All bidders will get 3%.
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Post by longjohn on Aug 6, 2015 13:26:53 GMT
l think the most interesting loan on the PM is the one that's just turned up 14814. lts a £360,000 A+ loan, so there a real chance of getting a 12% plus rate on that one. Yes it will be interesting to see what the rate is like near the close. But having looked at the business I think it is for flipping rather than for keeping too long. It has all asset security and a second charge on the business property plus the usual personal guarantee. Are you being overly cautious with this one? John
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Post by pepperpot on Aug 6, 2015 13:34:22 GMT
Yes it will be interesting to see what the rate is like near the close. But having looked at the business I think it is for flipping rather than for keeping too long. It has all asset security and a second charge on the business property plus the usual personal guarantee. Are you being overly cautious with this one? John Maybe it was an initiative to try and reduce demand. Did I just see his avatar rub it's paws together??
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blender
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Post by blender on Aug 6, 2015 15:04:59 GMT
If the rate is good before close I may have some to keep for a few months. But not below 11%. Providing services to the oil and gas industry becomes tricky when the price drops, and stays dropped. Look at the change of profits, 0.6% of turnover in 2014 - and now they need cash. And how much of the security is in intangibles? I'm just saying we do not know enough about the present and future. For me the biggest weakness in FC's assessment process is that it is all about the past and nothing about the future - and I think the repayments might be in the future. Certainly not one to avoid, but I would not stretch my 6 month limit for it. (BTW I do have a strict 'no more defaults' policy.)
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Post by ratrace on Aug 6, 2015 16:08:01 GMT
l think the most interesting loan on the PM is the one that's just turned up 14814. lts a £360,000 A+ loan, so there a real chance of getting a 12% plus rate on that one. Yes it will be interesting to see what the rate is like near the close. But having looked at the business I think it is for flipping rather than for keeping too long. Yes soon as you see the words 'oil and gas' you know its a flipper not a keeper.
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