c88dnf
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Post by c88dnf on Mar 30, 2015 11:11:26 GMT
Ladies/ Gents Attached are sales figures and some derived graphs for the two "classic" P2P lenders. Also 2 of the 3 with whom I have money! If anyone has weekly sales figures for Wellesley, I'll happily add those too. The graphs should, I hope, be clear enough for anyone interested to derive their own interpretation of events, but I must point out the causes for last week's spikes for each company's rolling 13-week average. In both cases, the bleak Christmas sales figures are just dropping out of the calculation. For Ratesetter this makes a considerable difference - hence their spike. For Zopa, the spike is down to week 13's sales which are the highest that company has ever had. Indeed, for the first time in around 9 months, Zopa outsold Ratesetter last week. Second quarter should be interesting, as should each company's annual returns to Companies House. RS rolling weekly lending.xls (56.5 KB) |
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Post by davee39 on Mar 30, 2015 11:38:29 GMT
One small caveat.
RS do one month and one year loans, so every month there is a capital repayment and possible re-lending which over estimates RS performance compared with Zopa. Until last week it does appear that Zopa have under performed by not increasing loans compared with the previous year. I hope this performance boost continues.
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c88dnf
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Post by c88dnf on Mar 30, 2015 11:49:54 GMT
One small caveat. RS do one month and one year loans, so every month there is a capital repayment and possible re-lending which over estimates RS performance compared with Zopa. True, but those "resales" still have to be made to happen by having an attractive interest rate for both lender and borrower. We also know (data on another thread in the Ratesetter bucket) that Ratesetter's total amount of money on loan has increased much faster than Zopa's in the past 4 months and presumably also over the last 12. Turning the point on its head, why have Zopa failed to enter a significant sector of the market? As I wrote in the original post, results from Companies House for 2014 should be interesting.
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mikes1531
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Post by mikes1531 on Mar 30, 2015 18:25:37 GMT
Turning the point on its head, why have Zopa failed to enter a significant sector of the market? Zopa do offer 12-month loans. Volume is small, however, and AIUI lenders aren't given a choice to participate only in those loans -- their only choice is 'Longer' (4 or 5 years) or 'Shorter' (3 years or less). AFAIK, Zopa never have offered 1-month loans to borrowers.
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sand2880
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Post by sand2880 on Mar 30, 2015 19:56:31 GMT
Total loan book value and the changes to this would give a more accurate picture of a platforms growth and would include the effects of churning monthly sales if these are included in the total figures.
However, I haven't come across any sites that record various platforms current loan books.
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c88dnf
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Post by c88dnf on Mar 30, 2015 20:28:06 GMT
Total loan book value and the changes to this would give a more accurate picture of a platforms growth and would include the effects of churning monthly sales if these are included in the total figures. However, I haven't come across any sites that record various platforms current loan books. Fair point. Ratesetter's loan book is readily available in real time, so I'll start tracking that from the coming week. AFAIK, no other lender makes the active loan book figures readily available, though Zopa have let this forum's members have info from time to time when requested. For the record, the following data has for Ratesetter's active loans already been posted in this Forum in other threads: 30/11/2014 - £256.7M 19/03/2015 - £333.9M The number as of 21.00 today (30/03/2015) was £340.3M. So over 17 weeks and a day or so, the amount on loan has increased by £83.6M. Sales for the 17 weeks were £150.5M.
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sand2880
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Post by sand2880 on Mar 30, 2015 20:47:38 GMT
On mobile at the moment but I believe that altfi returns index makes the loan book available for rate setter, Zopa & funding circle which might give you loan book value for these 3. Will have to check if this is possible and update frequency though.
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webwiz
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Post by webwiz on Mar 30, 2015 21:36:43 GMT
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c88dnf
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Post by c88dnf on Mar 30, 2015 23:08:45 GMT
On mobile at the moment but I believe that altfi returns index makes the loan book available for rate setter, Zopa & funding circle which might give you loan book value for these 3. Will have to check if this is possible and update frequency though. Thanks for that. I forgot earlier that we also have data for Zopa's loan book (from @zopamat) between Nov 30th 2014 and March 24th 2015. Zopa's loan book grew by £39M in that period, but reported sales were £93.2M if my data is correct. That gives a comparison between Zopa & Ratesetter for 16 & 17 weeks worth of data respectively. Ratesetter loan book to sales increase ratio is 83.6/150.5 = 55.5% Zopa loan book to sales increase ratio is 39/93.2 = 41.8%
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Post by westonkevRS on Mar 31, 2015 5:58:57 GMT
One small caveat. RS do one month and one year loans, so every month there is a capital repayment and possible re-lending which over estimates RS performance compared with Zopa. Until last week it does appear that Zopa have under performed by not increasing loans compared with the previous year. I hope this performance boost continues. We don't offer 1-month loans (6 is the typical minimum), and so our lending volumes are not double counted by any re-lending of same money. The lender 1-month money is used to fund longer term loans and it is these loans that are tallied (e.g. one 12 month loan, not 12 one month lendings).
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Post by westonkevRS on Mar 31, 2015 17:56:12 GMT
Second quarter should be interesting, as should each company's annual returns to Companies House. The results sure will be interesting. To date RateSetter is the only net operating profitable P2P company, it'll be interesting to see who joins us. Although RateSetter's tax year ends shortly for the year 2014/2015 like most companies (note this is actually Retail Money Market Ltd), this doesn't mean they'll be submitted to Companies House immediately. Obviously the accounts take time to be compiled, audited and then there is a decision on when to submit. Early brings investor confidence, later keeps competitive numbers under wraps for longer. Last years accounts weren't submitted until Q4. @ westonkevRS
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