corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on May 31, 2019 9:55:50 GMT
Stuff mostly gone now, unless almost at due date.
What I found interesting is that 5+- percent of the total amount of practically all pawn and electronics loans was put on the market at once. Big fish
|
|
IFISAcava
Member of DD Central
Posts: 3,683
Likes: 3,008
|
Post by IFISAcava on May 31, 2019 10:02:22 GMT
Stuff mostly gone now, unless almost at due date. What I found interesting is that 5+- percent of the total amount of practically all pawn and electronics loans was put on the market at once. Big fish Made good money, take the profits while liquidity high. Move on.
|
|
p2pmark
Member of DD Central
Posts: 218
Likes: 187
|
Post by p2pmark on May 31, 2019 10:10:43 GMT
Me - as I can't get my deposit credited quickly enough to buy! Just in time to get some more pawn - electronics all gone unfortunately You're not concerned about their £5m debt?
|
|
|
Post by trentenders on May 31, 2019 10:19:49 GMT
Hopefully the 01/06/2019 pawn/electronics tranches will pay back tomorrow, otherwise I can see the SM flooding. One thing we're seeing is that confidence in P2P can be a very fluid thing.
|
|
IFISAcava
Member of DD Central
Posts: 3,683
Likes: 3,008
|
Post by IFISAcava on May 31, 2019 10:20:57 GMT
Just in time to get some more pawn - electronics all gone unfortunately You're not concerned about their £5m debt? sure I am but at 12%, secured on "stuff" at 50% LTV, with a currently liquid and free SM, now with added option of discounting, I reckon it's still value and forms part of the high risk/high return end of my investment portfolio. I've got <1% of my overall investments (excluding housing/pension) in MT and about a third of MT investment in these loans.
|
|
kaya
Member of DD Central
Posts: 1,150
Likes: 718
|
Post by kaya on May 31, 2019 10:47:13 GMT
lots of tasty stuff there i haven't seen in ages... The sweet can turn sour.
How many believe that these loans pawn loans will actually ever pay back the capital?
|
|
IFISAcava
Member of DD Central
Posts: 3,683
Likes: 3,008
|
Post by IFISAcava on May 31, 2019 10:51:41 GMT
lots of tasty stuff there i haven't seen in ages... The sweet can turn sour.
How many believe that these loans pawn loans will actually ever pay back the capital?
enough people to buy whatever is put on the SM, it would seem
|
|
dovap
Member of DD Central
Posts: 467
Likes: 410
|
Post by dovap on May 31, 2019 11:01:32 GMT
not quite enough - as I'm still waiting for the last dregs to be picked up
good luck tho to the punters picking up this lucky shrapnel
|
|
SteveT
Member of DD Central
Posts: 6,874
Likes: 7,919
|
Post by SteveT on May 31, 2019 12:07:35 GMT
lots of tasty stuff there i haven't seen in ages... The sweet can turn sour.
How many believe that these loans pawn loans will actually ever pay back the capital?
You do realise they’re structured as an amortising loan (in aggregate) and have already repaid the first 5 quarterly tranches on time, in full?
|
|
kaya
Member of DD Central
Posts: 1,150
Likes: 718
|
Post by kaya on May 31, 2019 13:00:39 GMT
Thanks for pointing that out SteveT
Not being in these loans I have obviously neglected my awareness levels!
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Post by cwah on May 31, 2019 13:03:50 GMT
The sweet can turn sour.
How many believe that these loans pawn loans will actually ever pay back the capital?
You do realise they’re structured as an amortising loan (in aggregate) and have already repaid the first 5 quarterly tranches on time, in full? What's an amortising loan and why does it matter?
|
|
registerme
Member of DD Central
Posts: 6,518
Likes: 6,307
|
Post by registerme on May 31, 2019 13:07:04 GMT
What's an amortising loan and why does it matter? ermm, I can't tell whether or not that's a serious question?
|
|
|
Post by df on May 31, 2019 13:15:18 GMT
You do realise they’re structured as an amortising loan (in aggregate) and have already repaid the first 5 quarterly tranches on time, in full? What's an amortising loan and why does it matter? It's when capital is gradually repaid as well as the interest. Mortgages have this structure. It matters because as capital repayments are made, your risk gets somewhat lower.
|
|
|
Post by trentenders on May 31, 2019 13:18:42 GMT
Do the loans each have a debenture against the company in addition to the security of the assigned pawn, and is the company prohibited from taking out additional loans against the 'repaid stock'?
|
|
cwah
Member of DD Central
Posts: 949
Likes: 468
|
Post by cwah on May 31, 2019 13:33:20 GMT
What's an amortising loan and why does it matter? It's when capital is gradually repaid as well as the interest. Mortgages have this structure. It matters because as capital repayments are made, your risk gets somewhat lower. Aaaah ok makes sense! But does that mean lenders also get capital repayment as well as interest?
|
|