registerme
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#6324
Mar 14, 2018 15:01:03 GMT
Post by registerme on Mar 14, 2018 15:01:03 GMT
Anybody figured out what is expected to happen in 2019 ref the pnl? Going from a forecast of (83k) in 2018 to one of (635k) in 2019 is quite a jump.
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Steerpike
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Post by Steerpike on Mar 14, 2018 15:08:41 GMT
How can the pitch not even mention this history and projected losses?
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registerme
Member of DD Central
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#6324
Mar 14, 2018 15:12:33 GMT
Post by registerme on Mar 14, 2018 15:12:33 GMT
I don't know, but the absence of a mention of something so significant feels like a deliberate omission and that doesn't inspire confidence.
I suppose it could be something to do with the evolution from "up front" to "recurring" but that's a stretch and I'd want to know more about the detail......
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Steerpike
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#6324
Mar 14, 2018 15:25:34 GMT
Post by Steerpike on Mar 14, 2018 15:25:34 GMT
Yes, but of course like most Archover loans above 6% this one is disappearing fast, one suspects that many Archover investors invest in all new loans regardless.
Growing professional services revenue (at a loss) is certainly different to making a profit at SaaS, I suppose that is why it is here rather than with a traditional bank.
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registerme
Member of DD Central
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#6324
Mar 14, 2018 15:26:43 GMT
Post by registerme on Mar 14, 2018 15:26:43 GMT
It's the kind of thing I would like to invest in but.....
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registerme
Member of DD Central
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#6324
Mar 14, 2018 15:31:57 GMT
Post by registerme on Mar 14, 2018 15:31:57 GMT
hugoarchover just a quick comment to say that preempting questions like this would be useful for everybody (not just those that use this forum).
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Post by hugoarchover on Mar 14, 2018 15:49:04 GMT
Hi registerme - no problem and understood - will have an explanation for you shortly
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#6324
Mar 14, 2018 15:52:41 GMT
Post by danegeld on Mar 14, 2018 15:52:41 GMT
Hugo, I also note that this seems to be offering a new lending model - just “Secured”. Judging by the interest rate, the risk would appear to be somewhere between S&I and S&A; yet, to my mind, the security is actually less than S&A. Some further explanation here might also be helpful.
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#6324
Mar 14, 2018 17:01:52 GMT
Post by hugoarchover on Mar 14, 2018 17:01:52 GMT
Hugo, I also note that this seems to be offering a new lending model - just “Secured”. Judging by the interest rate, the risk would appear to be somewhere between S&I and S&A; yet, to my mind, the security is actually less than S&A. Some further explanation here might also be helpful. Hi danegeldPlease see www.archover.com/learn/secured/ for more information.
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Nomad
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#6324
Mar 15, 2018 14:36:34 GMT
Post by Nomad on Mar 15, 2018 14:36:34 GMT
Hi registerme - no problem and understood - will have an explanation for you shortly Now 70% pledged and no "explanation" sighted as yet....
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#6324
Mar 15, 2018 15:59:21 GMT
Post by hugoarchover on Mar 15, 2018 15:59:21 GMT
Hi @nomad
The Borrower has promised to include this on the funding request. When this has been added i will share it here.
Remember all lenders have a 14 day cooling off period.
Hugo
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#6324
Mar 19, 2018 11:23:41 GMT
Post by hugoarchover on Mar 19, 2018 11:23:41 GMT
Some commentary surrounding the financial projections has been added to the funding request under 'Financial Performance'.
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Nomad
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#6324
Mar 19, 2018 11:31:47 GMT
Post by Nomad on Mar 19, 2018 11:31:47 GMT
Some commentary surrounding the financial projections has been added to the funding request under 'Financial Performance'. One paragraph of waffle...
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liso
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#6324
Mar 19, 2018 11:54:51 GMT
Post by liso on Mar 19, 2018 11:54:51 GMT
Some commentary surrounding the financial projections has been added to the funding request under 'Financial Performance'. One paragraph of waffle...
The lack of any meaningful explanation for the projected losses is a big red flag to me.
ISTM either that the growth projections are unrealistic and/or something substantive is being hidden from us.
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#6324
Mar 19, 2018 16:36:31 GMT
Post by stevepn on Mar 19, 2018 16:36:31 GMT
If in doubt leave it alone and let others invest in it, plenty more offerings will turn up.
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