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Post by wiseclerk on Nov 18, 2019 15:24:45 GMT
Hi all,
have started a new overview table at P2P-Banking.
It is not yet as comprehensive as I'd like, but I will add more companies in future
You are welcome to contribute. Just email/PM me. Thx
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Post by bidaskbet on Nov 18, 2019 18:55:35 GMT
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Post by wiseclerk on Nov 18, 2019 19:34:41 GMT
Meanwhile I received information/pointers from sources on 3 companies and have added the data to the table
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 745 
Likes: 838
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Post by p2pfan on Nov 18, 2019 23:32:34 GMT
With a fair number of P2P platforms likely to go to the wall in 2020, it's invaluable to know which ones are profitable. So thank you for this research.
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aju
Member of DD Central
Posts: 3,486 
Likes: 919
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Post by aju on Nov 18, 2019 23:55:17 GMT
So if i'm reading it right zopa losses are increasing 4 fold should I be bailing out of Zopa before it tanks or is it just that the group effect and the banking arm is using a long way from profitability.
Interesting take though thanks.
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Post by wiseclerk on Nov 19, 2019 8:00:29 GMT
Zopa reflects the investment needed to start banking. Read the notice on that below the table. The "pure" p2p part (Zopa Limited) fared much better than the group.
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Post by wiseclerk on Nov 19, 2019 8:44:30 GMT
With a fair number of P2P platforms likely to go to the wall in 2020, it's invaluable to know which ones are profitable. So thank you for this research. Just keep in mind that profitability in the past is no safeguard against future failure. E.g. Lendy and Fundingsecure were profitable in 2017.
But yes, in general I like it too, when the companies are profitable or nearing breakeven.
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Post by propman on Nov 19, 2019 11:19:19 GMT
A note of net assets would be really helpful as it is how long they can burn cash that really matters I would say cashflow is a better measure than profit, but as a Treasurer i would say that!
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