mjc
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Post by mjc on Jul 2, 2019 7:52:32 GMT
thanks yes - meant to be FC! I wish I was 100% out of FS but like a lot of us I can't get my hands on about 25% of my loans “Me too” I see FC is down *9% today, but what I also find frightening is on TrustPilot FC is rated at 90% good/excellent. However FS is only rated 47%. As I type Radio 4 reports FC “unscheduled trading update” of difficult trading conditions. 18 of FS’s last TP reports are dire. Again Me Too if I bothered to rate FS. * rapidly dropping.
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Post by randonneur on Jul 2, 2019 7:54:33 GMT
make that a 20% Fall now!!
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bigfoot12
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Post by bigfoot12 on Jul 2, 2019 8:23:40 GMT
TrustPilot FC is rated at 90% good/excellent. It has been discussed elsewhere many of the 5* scores seem to be genuine as they are from borrowers.
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reinvestor
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Post by reinvestor on Jul 2, 2019 8:25:14 GMT
Hagreaves Lansdowne show you recent trades for shares.
Someone has some balls as they have just purchased £45k worth of FC shares!
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cb25
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Post by cb25 on Jul 2, 2019 8:50:51 GMT
"Funding Circle cuts growth targets after 'uncertain economic outlook' dampens demand for loans" article in the Telegraph here (may need a subscription to read)
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djay
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Post by djay on Jul 2, 2019 8:54:40 GMT
TrustPilot FC is rated at 90% good/excellent. It has been discussed elsewhere many of the 5* scores seem to be genuine as they are from borrowers. Agree with that, although after the recent spate of 1 star investor reviews a group of rather suspicious 5 star reviews appeared in a very short space of time.
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ashtondav
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Post by ashtondav on Jul 2, 2019 8:58:07 GMT
Which just goes to emphasise the lower risk/return of p2p Vs the higher risk/return of shares.
FC share price has declined by more than 50% since IPO. No lender has lost that.
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bigfoot12
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Post by bigfoot12 on Jul 2, 2019 8:58:48 GMT
It has been discussed elsewhere many of the 5* scores seem to be genuine as they are from borrowers. Agree with that, although after the recent spate of 1 star investor reviews a group of rather suspicious 5 star reviews appeared in a very short space of time. Sure, but it wouldn't be hard for FC to mail their borrower list to persuade them to review - I often get requests to review companies after they have done something good, my guess is that it is built into some CRM software.
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adrian77
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Post by adrian77 on Jul 2, 2019 9:32:14 GMT
Could be about to short them...
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benaj
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Post by benaj on Jul 2, 2019 10:12:05 GMT
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Kyrios
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Post by Kyrios on Jul 2, 2019 10:21:48 GMT
The performance of these last few days was probably a coincidence...
02/07/2019 -18.4%
01/07/2019 -9.3%
28/06/2019 -4.5%
27/06/2019 -3.4%
26/06/2019 -9.2%
25/06/2019 -9.1%
24/06/2019 -2.1%
21/06/2019 -3.6%
20/06/2019 -0.4%
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Post by shanghaiscouse on Jul 2, 2019 11:43:45 GMT
What is truly amazing is the line in the release that says that in Q1 they did more lending to SMEs (£177million) than the rest of the banking sector combined (£61m). In other words, the banks are dumping their  loans onto FC. If you look at the bad debts in your portfolio they are often people swapping from another lender to FC. Clearly their underwriting standards were non-existent in Q1 at least and the banks were laughing their heads off to get rid of these credits. |
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thedog
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Post by thedog on Jul 2, 2019 13:40:02 GMT
He was in at 440 and nothing in the underlying business model / environment has changed materially since IPO so in his view just makes the recent low prices a buying opportunity. His risk from a low share price is if further money is needed it will dilute his stake much more than would have been the case with a strong price.
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bigfoot12
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Post by bigfoot12 on Jul 2, 2019 14:26:48 GMT
He was in at 440 and nothing in the underlying business model / environment has changed materially since IPO so in his view just makes the recent low prices a buying opportunity. His risk from a low share price is if further money is needed it will dilute his stake much more than would have been the case with a strong price. As someone previously mentioned the cash pile is ~£330m and the market cap is ~£422m so do you think that the rest of the business is worth £92m. (During the dot com crash several businesses had values lower than their cash pile as the market decided that the money would be spent and poorly so.)
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reinvestor
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Post by reinvestor on Jul 2, 2019 14:38:06 GMT
Looking at their burn rate, I don't think the cash pile is still £330m.
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loans onto FC. If you look at the bad debts in your portfolio they are often people swapping from another lender to FC. Clearly their underwriting standards were non-existent in Q1 at least and the banks were laughing their heads off to get rid of these 