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Post by patright on Jul 29, 2018 9:21:46 GMT
Does any knowledgeable person has any information on Getbucks, seems to be offering the best buyback EUR option currently at 13% if I am not mistaking
thanks as always for this community invaluable knowledge
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Post by nellerdk on Jul 29, 2018 12:21:42 GMT
getbucks main website:
the owner of getbucks:
mybucks (the owner of getbucks) is listed on the stock exchange:
I am not sure if mybucks if making profits, but if someone finds out, then I would like to know...
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Jul 30, 2018 7:24:46 GMT
From Mintos,
Financials MyBucks turned its financial results around in the first half of the financial year and the MyBucks Group recorded a positive profit before tax of € 66.6k, compared to a full-year loss before tax of €7.7m as at 30 June 2017. This recovery was on the back of revenues in the amount of approximately €29.0m and a slight improvement in the Impairment to Revenue Ratio, from 22.4% to 21.4%. The Operational Cost Ratio improved from 68.3% to approx. 60.3%, significantly contributing to the enhanced performance
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Post by geldregiertdiewelt on Aug 3, 2018 8:53:16 GMT
Does any knowledgeable person has any information on Getbucks, seems to be offering the best buyback EUR option currently at 13% if I am not mistaking thanks as always for this community invaluable knowledge In this context one should also consider that most of the Getbucks loans are happening in Africa (same as ExpressCredit, Watu Credit). We normally do not have much in the news about Africa. To get an idea of how the respective countries are doing, I recommend to read a bit e.g. here www.worldbank.org/en/country/kenya/overview (same .../botswana/..., ..../zambia/...). Relate your assessment of the standing and stability of these loan markets to the interest rates, but also to the duration of the offered loans. Keep in mind that a 13%/60 months loan needs to perform for 44 months before you have back the equivalent of your investment, only then the loan originator (and we ) start making a profit.
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