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Post by spareapennyor2 on Oct 25, 2019 11:46:28 GMT
flippers at work
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Post by eascogo on Oct 25, 2019 12:15:38 GMT
Quite a bit of the discounted loans actually get gobbled up quickly. Still a good amount of trust in the system. Best offer (FPAA664) now is 80%. A punter has just taken a 4-figure bite. A couple of weeks ago I was buying at 95+%. I have no spare cash to jump in now. As it is I am already vastly (insanely) overinvested in this loan. Yes MT is retaining a fair amount of trust and I look forward to hear some comments following the FS debacle. However repayment of one or two outstanding loans would greatly help steady nerves on this platform.
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star dust
Member of DD Central
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Post by star dust on Oct 25, 2019 12:58:21 GMT
I'll have to admit to going and taking a look. However, I'm out of MT (apart from the defaults) since the R*C debacle. As I never signed up to their (twice?) renewed terms I'd have to do that to purchase anything anyway (or sell at a discount), and although I haven't got around to investigating I did wonder whether it would give me any advantage in the R*C recovery (i.e. whether the waterfall was any different between the differing terms). So overall decided that what effectively equates to gambling was probably best resisted, but good luck to those partaking, I'm sure some will be relieved to sell
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Post by mrclondon on Oct 30, 2019 17:26:35 GMT
Today, I think for the first time, every single loan tranche is currently available at a discount.
If anything says "Lack of confidence" that shouts it out.
(And only 1 tranche at the min 99.5%, all others 99% or worse)
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Post by df on Oct 30, 2019 17:51:02 GMT
Today, I think for the first time, every single loan tranche is currently available at a discount.
If anything says "Lack of confidence" that shouts it out.
Yes, people have had a bit of a taste of administration and also MT could be seen as suspiciously inactive (no new loans for a very long time). Only 45 live loans left, and I think it is only 10 if you boil it down borrowers.
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Post by Badly Drawn Stickman on Oct 30, 2019 18:20:51 GMT
Today, I think for the first time, every single loan tranche is currently available at a discount.
If anything says "Lack of confidence" that shouts it out.
Yes, people have had a bit of a taste of administration and also MT could be seen as suspiciously inactive (no new loans for a very long time). Only 45 live loans left, and I think it is only 10 if you boil it down borrowers. Only 5? of which are trade able.
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Post by mrclondon on Nov 4, 2019 22:04:53 GMT
This post is from the Putney thread a short time ago (now 89.5%) I just logged on and noticed somebody has placed a sell order at 90 percent on the secondary market. and this from the M********r Road, Bradford thread this morning (now 79%) I see we are now down to 79.5 percent sales offers in secondary market. Maybe not long before the max of 75 percent sale offers show up. Update: A few sales gone through at 79.5% this-morning, so some people out there seem to think its worth a small punt. I'm slightly surprised there is a desire to chase the discounts ever higher at present by under bidding others. With the holiday park likely to repay in full this month, and probably the other Bradford loan as well (although no guarantee that either will) it feels likely that at least some of those repayments will be ploughed back into the SM. Hence there may be opportunities to sell at lower discounts before the month is out.
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upperdeane
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Post by upperdeane on Nov 5, 2019 9:07:10 GMT
Indeed, there seems to be a desire by many to get out of most loans at the moment. FPAA664 now at 78 percent. Hopefully some good news later this month on a few loans will help investor confidence.
The various pawn loans for example still have a large collective £amount of loan parts up for sale, which seems unusual.
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Post by Badly Drawn Stickman on Nov 5, 2019 10:08:41 GMT
Indeed, there seems to be a desire by many to get out of most loans at the moment. FPAA664 now at 78 percent. Hopefully some good news later this month on a few loans will help investor confidence. The various pawn loans for example still have a large collective £amount of loan parts up for sale, which seems unusual. In some loans it may be many, others look more like a handful. The Pawn loans really have a small overall amount below par. Arguably the risk profile has not changed since it was a sought after loan so lack of confidence is the only apparent reason. Remove the loans 'anticipated' to repay this month and the un-tradable loans and the amount left is quite modest. potential bargains for the brave with a taste for roller coaster rides.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Nov 5, 2019 10:52:23 GMT
Indeed, there seems to be a desire by many to get out of most loans at the moment. FPAA664 now at 78 percent. Hopefully some good news later this month on a few loans will help investor confidence. The various pawn loans for example still have a large collective £amount of loan parts up for sale, which seems unusual. In some loans it may be many, others look more like a handful. The Pawn loans really have a small overall amount below par. Arguably the risk profile has not changed since it was a sought after loan so lack of confidence is the only apparent reason. Remove the loans 'anticipated' to repay this month and the un-tradable loans and the amount left is quite modest. potential bargains for the brave with a taste for roller coaster rides. I've now sold everything I can (including the pawn) not because I suddenly think they're bad loans, but because I'm deeply worried about the future of the platform. I really don't want to have more significant sums tied up in another basket case and this platform seems to me to bear all the hallmarks of the demise of the other three i.e. serious defaults and a complete drop off in new business. I hope I'm wrong and I will be happy to return if things turn around but no more for now.
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upperdeane
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Post by upperdeane on Nov 5, 2019 21:17:06 GMT
Plenty more on discount now for several loans. For example c********* tranche A now joined in the discount frenzy at 94.5 percent now. For Mcr Rd Bradford we have 78 percent now (this one doesn't really surprise me) and we may well see the max 75 percent soon. What has spooked people in the last two or three days? Is it just the crowd jumping on the get out bandwagon or something else?
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KoR_Wraith
Member of DD Central
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Post by KoR_Wraith on Nov 5, 2019 21:56:08 GMT
Plenty more on discount now for several loans. For example c********* tranche A now joined in the discount frenzy at 94.5 percent now. For Mcr Rd Bradford we have 78 percent now (this one doesn't really surprise me) and we may well see the max 75 percent soon. What has spooked people in the last two or three days? Is it just the crowd jumping on the get out bandwagon or something else? I would assume the creeping vibes of platform dereliction. There's no logical reason that I can see for Clo******s Tranche A to trade at 94.5% based on the loan itself.
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Post by martin44 on Nov 5, 2019 23:14:53 GMT
Plenty more on discount now for several loans. For example c********* tranche A now joined in the discount frenzy at 94.5 percent now. For Mcr Rd Bradford we have 78 percent now (this one doesn't really surprise me) and we may well see the max 75 percent soon. What has spooked people in the last two or three days? Is it just the crowd jumping on the get out bandwagon or something else? Is there any other logical reason why not? MoneyThing "IS" heading the same way as the rest of the toxic lot... it's not a matter of "if" more a matter of "when".
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Post by df on Nov 5, 2019 23:23:56 GMT
Plenty more on discount now for several loans. For example c********* tranche A now joined in the discount frenzy at 94.5 percent now. For Mcr Rd Bradford we have 78 percent now (this one doesn't really surprise me) and we may well see the max 75 percent soon. What has spooked people in the last two or three days? Is it just the crowd jumping on the get out bandwagon or something else? I would assume to creeping vibes of platform dereliction. There's no logical reason that I can see for Clo******s Tranche A to trade at 94.5% based on the loan itself. Col+L+FS+quiet on MT=exodus. If what investors are suspecting is going to happen then I hope it will be in a similar manner as on BM. I didn't enter this discount race - most of my funds are in Racing Cars, NUL and still performing CSP. I have a little in C********* tranche A and it looks like it is likely to repay on time (or near).
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