Post by 2boi on Mar 18, 2019 18:14:02 GMT
After nearly a year Wellesley have finally updated their loan performance. Actually they have completely re-written the data format.
Spot the difference, new stats here:
www.wellesley.co.uk/performance-statistics/
old stats here:
web.archive.org/web/20190118060905/https://www.wellesley.co.uk/about-wellesley/loan-performance/
They have removed the lie of "stats updated quarterly".
Its always suspicious when a company changes the data format, making it difficult to compare with previous years. Worse than this Wellesley have retrospectively changed some data - whereas the old figures show 2015 loss count as 3 and 2016 as 1, now they are 6 and respectively.
The retrospective changes to loss in million £ is even more extraordinary, a 2014 loss of £3.3 million has been re-written as £6.5mil, the 2015 loss of £2.56mil has become £16.8mil! the 2016 loss of £2.56mil has now become £4.1Mil. These are the years I took out my Wellesley investment, am I right to feel deceived?
These differences are only apparent on my first glance I am sure there are more.
Spot the difference, new stats here:
www.wellesley.co.uk/performance-statistics/
old stats here:
web.archive.org/web/20190118060905/https://www.wellesley.co.uk/about-wellesley/loan-performance/
They have removed the lie of "stats updated quarterly".
Its always suspicious when a company changes the data format, making it difficult to compare with previous years. Worse than this Wellesley have retrospectively changed some data - whereas the old figures show 2015 loss count as 3 and 2016 as 1, now they are 6 and respectively.
The retrospective changes to loss in million £ is even more extraordinary, a 2014 loss of £3.3 million has been re-written as £6.5mil, the 2015 loss of £2.56mil has become £16.8mil! the 2016 loss of £2.56mil has now become £4.1Mil. These are the years I took out my Wellesley investment, am I right to feel deceived?
These differences are only apparent on my first glance I am sure there are more.