|
Post by silverporka on Sept 7, 2016 16:09:08 GMT
I've been looking at the % of loans that have reached 'delayed' status vs the amount purchased over a period of 5 weeks (most of the loans were 1 month maturity loans). What is surprising is how bad the Poland performance is vs the Denmark and Georgia performance. My stats show that 34% of the Poland loans became 'delayed' vs 14% for Denmark and 13% for Georgia.
Is anyone else noticing something similar? I know that the loans are guaranteed by Twino, but I don't think the Poland business could really be sustainable regardless of how high the interest rates Twino are receiving.... Seems strange how big the variation in performance is. Around half of my portfolio of Poland loans are currently in delayed status. I'm going to turn off the auto-buy tap....
|
|
|
Post by yoica on Sept 8, 2016 8:53:30 GMT
I hadn't linked it to Poland yet, but I have noticed a huge increase in Buy Backs. Since I started investing with Twino in Feb 2016 I've been actively tracking my investments and I noticed August was way off. April until July my monthly average Buy Back was between 11.07% and 12.91%, but in August this jumped to 34.21%
The months before April aren't relevant because the 60 day buy back didn't kick-in until April.
EDIT: Are you sure you mean Poland? From what I can see in my loans Georgia is the issue.
|
|
|
Post by silverporka on Sept 8, 2016 9:48:10 GMT
Georgia is performing OK for me. If I look at 'delayed' status as a percentage of outstanding balance right now, it is 17% for Georgia, 28% for Denmark, 48% Poland. So reliance on the Twino buy-back is very high across the board... It's a little hard to compare 'apples for apples' because the Denmark and Poland have one month maturities and Georgia are longer duration.
What are your 'delayed' figures for each country?
|
|
|
Post by yoica on Sept 8, 2016 10:20:45 GMT
All my loans are from Georgia since these are the only ones giving 12% it seems.
Georgia 13% delayed and 23% extended, but honestly I'm not all that interested in these numbers. In the end it comes down to financial burden Twino has and Buy Backs have a negative impact on this, delays/extensions not so much. Looking at my Buy back numbers (all georgia) these have spiked to 34% in August from the ~12-13% the previous months.
|
|