|
Post by df on Sept 22, 2023 15:58:25 GMT
9 loans for me. All are early redemptions. I have made a list: Yes, that's exactly what I have. It must be a result of some action, not a coincidence. Whatever it is, I'm happy with this because I didn't loose my usual 0.25% on these loans.
|
|
nyneil
Member of DD Central
Posts: 348
Likes: 435
|
Post by nyneil on Sept 22, 2023 18:11:45 GMT
Kuflink don't have a perfect recovery record. They've admitted to losses on at least one lone, but they made up the shortfall from their own funds to lenders. No guarantee that this will happen in future. ok, no lenders have suffered is the main point i was trying to make. Do you think Kuflink is repaying investors back early whilst maintaining the loan for institutional investors? Seems odd to have so many performing loans repay back on one day Those were my thoughts, or there's spare cash in the auto-invest account not there's a £500 minimum investment. It seems too much of a coincidence that so many loans repay on the same day.
|
|
|
Post by Ace on Sept 22, 2023 19:56:33 GMT
ok, no lenders have suffered is the main point i was trying to make. Do you think Kuflink is repaying investors back early whilst maintaining the loan for institutional investors? Seems odd to have so many performing loans repay back on one day Those were my thoughts, or there's spare cash in the auto-invest account not there's a £500 minimum investment. It seems too much of a coincidence that so many loans repay on the same day. It does seem strange, particularly with many repaying a short time into their loans. However, I don't buy the institutional buying or auto account buying theories. If either was true, why wouldn't they have taken the availability from the SM and availability in the live loans first, and keep everyone happy? There were 50 loan parts on the SM at the time the repayments were made, and there's almost £2M of availability in the auto accounts.
|
|
|
Post by uksoul on Sept 22, 2023 21:55:31 GMT
Those were my thoughts, or there's spare cash in the auto-invest account not there's a £500 minimum investment. It seems too much of a coincidence that so many loans repay on the same day. It does seem strange, particularly with many repaying a short time into their loans. However, I don't buy the institutional buying or auto account buying theories. If either was true, why wouldn't they have taken the availability from the SM and availability in the live loans first, and keep everyone happy? There were 50 loan parts on the SM at the time the repayments were made, and there's almost £2M of availability in the auto accounts. The SM has dwindled down from 130 early this morning to 30. Don't think that drop all by regulars buying up SM loans. Kufflink is aiming for a .5 billion loan book by 2025 plus additional institutional investment has been mentioned. Repaying investors early and letting a loan run for the big wigs is norm strategy. Priority is not the small investor anymore in kufflink. Maybe kufflink will explain the sudden repayments in the monthly update.
|
|
|
Post by Ace on Sept 22, 2023 22:04:38 GMT
It does seem strange, particularly with many repaying a short time into their loans. However, I don't buy the institutional buying or auto account buying theories. If either was true, why wouldn't they have taken the availability from the SM and availability in the live loans first, and keep everyone happy? There were 50 loan parts on the SM at the time the repayments were made, and there's almost £2M of availability in the auto accounts. The SM has dwindled down from 130 early this morning to 30. Don't think that drop all by regulars buying up SM loans. Kufflink is aiming for a .5 billion loan book by 2025 plus additional institutional investment has been mentioned. Repaying investors early and letting a loan run for the big wigs is norm strategy. Priority is not the small investor anymore in kufflink. Maybe kufflink will explain the sudden repayments in the monthly update. I think the reduction in the SM since the repayments can be explained by many investors reinvesting their repayments in SM loans, particularly those that had repayments of less than £500 that couldn't be reinvested on the PM.
|
|
rscal
Posts: 914
Likes: 503
|
Post by rscal on Oct 16, 2023 14:17:17 GMT
Another short-dated on today [#2551] 08/08/23 - 16/10/23 [was for 8 mths]
"The Loan term provided is 8-months and the exit of our loan will emanate from sale of the security property"
(I wonder if it was sold in that period? I guess so]
|
|
|
Post by birdie on Jan 9, 2024 10:32:02 GMT
I've just had another one extended by another 12 months, it's getting annoying now. This loan has now had a 6 month and 2 twelve month extensions, the interest is building!!
Loan Start Date
13/04/2022
Expected Loan End Date
16/02/2025
|
|
|
Post by overthehill on Jan 9, 2024 11:03:58 GMT
I've just had another one extended by another 12 months, it's getting annoying now. This loan has now had a 6 month and 2 twelve month extensions, the interest is building!! Loan Start Date 13/04/2022 Expected Loan End Date 16/02/2025
Bridging or development ? Kuflink must be receiving interest surely ? Have they increased the interest rate for each extension ?
|
|
rscal
Posts: 914
Likes: 503
|
Post by rscal on Jan 9, 2024 11:09:14 GMT
Update about no NO. Particular Loan:
Just saying, when the estate agents are all KUF has in the way of professional backup it's getting meta. The Man feeding pigeons in the park sees distinct green shoots of recovery in 1993 - just don't quote me. You will still continue [sic] to earn interest during these interesting times...
|
|
rscal
Posts: 914
Likes: 503
|
Post by rscal on Jan 9, 2024 11:12:33 GMT
Bridging or development ? Kuflink must be receiving interest surely ? Have they increased the interest rate for each extension ?
I believe rates were increased last time so sit above 9% now
|
|
|
Post by Ace on Jan 9, 2024 12:00:05 GMT
I've just had another one extended by another 12 months, it's getting annoying now. This loan has now had a 6 month and 2 twelve month extensions, the interest is building!! Loan Start Date 13/04/2022 Expected Loan End Date 16/02/2025 The original loan start date was 24/11/2020 and was supposed to be for 18 months. They say that this latest extension is for 12 months, but it's actually for 14.5 months (last end date was 30/11/2023), or 13 months from now. This 18 month loan has now been extended for a total 33 extra months, but there is no indication as to why, and no information regarding the present state of the development.
|
|
billt
Posts: 90
Likes: 67
|
Post by billt on Jan 9, 2024 12:10:58 GMT
I was just about to jump back into Kuflink, may have a re think. I really appreciate the comments on this forum.
Having invested in a number of p2p sites over the past 12 years, I have narrowed it down too . Loanpad, Proplend Qardus and Axia fund. With some money stuck in AC and Somo.
It is annoying when you read the blurb stating that there are no losses but some of the loans are years overdue.
|
|
|
Post by Ace on Jan 9, 2024 18:47:34 GMT
I was just about to jump back into Kuflink, may have a re think. I really appreciate the comments on this forum. Having invested in a number of p2p sites over the past 12 years, I have narrowed it down too . Loanpad, Proplend Qardus and Axia fund. With some money stuck in AC and Somo. It is annoying when you read the blurb stating that there are no losses but some of the loans are years overdue. Kuflink's group accounts show that they wrote off £8,417 in 2023, compared with £660 in 2022. I presume that this was within their "up to 5% first loss" tranche, and hence no loss to investors. They also show £711,715 of "loan impairment charges" (£521,312 in 2022). It's not clear to me exactly what this means. I've had a loan written off on Proplend this year, though there's still a chance of recovery on that one. There's one long defaulted loan on Qardus that I'm expecting to result in a partial loss. I had a loss on one case on AxiaFunder. It was part of a portfolio of 3 cases, so the loan overall returned a profit. No losses on Loanpad yet (and none expected). I assign an assumed level of losses to all platforms and continue to lend if net returns are as expected. I'm still happy to lend on all of the above mentioned platforms, though I am getting a bit wobbly over Qardus since they drastically cut lender returns on new loans.
|
|
billt
Posts: 90
Likes: 67
|
Post by billt on Jan 10, 2024 19:19:47 GMT
As always, good to know you have your finger on the pulse, mine is more of a gut instinct based on minimal stress, on occasions your posts nudge me towards a slightly more analytical approach, this combination has worked quite well up till now. Keep up the good work.
|
|
deltron
Member of DD Central
Posts: 54
Likes: 66
|
Post by deltron on Jan 12, 2024 0:17:45 GMT
I've had a look at the Kuflink accounts provided to CH but can't find the bit that mentions the loan impairment charges. A quick search on Investopedia says that impairment charges are a way for businesses to write-off assets whose value has drastically reduced. As I understand it Kuflink LTD don't own any of the loan security so this is something that I'd like to approach them for clarification on. Could you kindly highlight where the relevant section is please? Edit: and if anyone can help me understand how to crop out and quote a small part from a larger post I would be very grateful!
|
|