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Post by bradgrace on Dec 21, 2015 23:09:50 GMT
Mainly interested in buying shares of a company listed on the London Stock Market which is heavily committed to P2P and especially for general loans, and not just for mortgage loans.
I am a novice in this field. I have a small investment with Zopa, but would prefer to invest into P2P via the purchase of shares. Is there any such company out there which does that?
Any information would be most welcome.
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am
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Post by am on Dec 21, 2015 23:26:29 GMT
Mainly interested in buying shares of a company listed on the London Stock Market which is heavily committed to P2P and especially for general loans, and not just for mortgage loans. I am a novice in this field. I have a small investment with Zopa, but would prefer to invest into P2P via the purchase of shares. Is there any such company out there which does that? Any information would be most welcome. There are (at least) 3 investment trusts - IIRC, P2P Global Finance (P2P), GLI Innovative Finance (GLIF) and FC SME (FCIF). As I understand the last solely invests in loans on the Funding Circle platform; the other two are multi-platform, and the first at least invests in multiple countries. You can probably track down the prospectuses for these. There has been some discussion of these trusts here.
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Post by bradgrace on Dec 22, 2015 8:52:51 GMT
Thank you for this. Much appreciated.
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SteveT
Member of DD Central
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Post by SteveT on Dec 22, 2015 11:14:13 GMT
Mainly interested in buying shares of a company listed on the London Stock Market which is heavily committed to P2P and especially for general loans, and not just for mortgage loans. I am a novice in this field. I have a small investment with Zopa, but would prefer to invest into P2P via the purchase of shares. Is there any such company out there which does that? Any information would be most welcome. There are (at least) 3 investment trusts - IIRC, P2P Global Finance (P2P), GLI Innovative Finance (GLIF) and FC SME (FCIF). As I understand the last solely invests in loans on the Funding Circle platform; the other two are multi-platform, and the first at least invests in multiple countries. You can probably track down the prospectuses for these. There has been some discussion of these trusts here. The FC SME fund is investing in both the US and UK platforms of Faintly Comical.
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mikeh
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Post by mikeh on Dec 22, 2015 18:09:50 GMT
Another one is VPC Speciality Lending Investments plc (VSL)
These have all taken a big hit recently as some journalist kindly pointed out that Investment Trusts were trading at a premium as opposed to an historical average discount of 10% mentioning P2P GI by name.
VSL is currently trading at a discount of around 7% and is on course to pay out say 7.5% in dividends so looks fairly attractive to me at the present.
One thing to bear in mind with these is that virtually all earnings go out either as dividends or management fees so the NAV doesn't vary very much so neither should the price!
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Post by davee39 on Feb 27, 2016 22:33:57 GMT
P2P Global Investments currently looks very attractive, trading at a 6% discount compared with a silly 20% premium some months ago. With a yield of around 7% I am shifting some of my P2P & Bond fund investments towards it. I would not buy at a premium.
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webwiz
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Post by webwiz on Feb 28, 2016 18:34:39 GMT
P2P Global Investments currently looks very attractive, trading at a 6% discount compared with a silly 20% premium some months ago. With a yield of around 7% I am shifting some of my P2P & Bond fund investments towards it. I would not buy at a premium. A discount is good when you are buying, but you have to sell at some point, then a discount is a bad thing.
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ben
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Post by ben on Feb 28, 2016 20:00:47 GMT
P2P Global Investments currently looks very attractive, trading at a 6% discount compared with a silly 20% premium some months ago. With a yield of around 7% I am shifting some of my P2P & Bond fund investments towards it. I would not buy at a premium. A discount is good when you are buying, but you have to sell at some point, then a discount is a bad thing. Depends if you are still up a discount is not so bad
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webwiz
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Post by webwiz on Feb 28, 2016 22:12:46 GMT
True. It's bad but not so bad in that event, though a premium would be even better. But there could, should, be a reason why it is trading at a discount when you buy it.
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