simonc8
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Post by simonc8 on Apr 5, 2017 15:06:49 GMT
I just logged on to Funding Circle and found precisely three loans listed under loan requests. If so few companies want to borrow from this company I wonder if it has much of a future.
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Post by wiseclerk on Apr 5, 2017 15:24:46 GMT
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fasty
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Post by fasty on Apr 5, 2017 15:44:57 GMT
FC loans come along in fits and starts. You might find on (say) Friday afternoon that there are suddenly 3 pages full. There is also a seasonal cycle.
FC seems to remain popular for mainstream Joe Investor who wants somewhere to stuff their savings, do the easy autobid thing and (with luck) earn a few quid. This forum however seems to attract more of those who are interested in pursuing higher rates, more hands-on with more intervention.
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adrianc
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Post by adrianc on Apr 5, 2017 15:45:22 GMT
And there was me, thinking that the future would be rosier without quite a few of the borrowers.
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voss
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Post by voss on Apr 5, 2017 16:50:26 GMT
Welcome, Simon. It's not that there are so few borrowers. It's that there are so many lenders, snapping up the loans. Many of these lenders seem to be using Autobid which can fill loans very quickly (I'm not recommending that anyone should use Autobid.)
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Post by slumberingaccountant on Apr 5, 2017 16:50:38 GMT
There is plenty of money around, a loan that i wont touch in s******t has just closed in a few hours. Loans are selling well in the SM. Ive now got large cash balance.
The gaps on the iDs show there are plenty of loans going to the WL market so FC seem to be starving the PL marketplace. Maybe to get a few tranches of S******T away ?
Im sitting patiently waiting for some more 8 and 9 % property deals at realistic valuations. There have been a fair few over the last few weeks so i will just have to be patient.
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acky
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Post by acky on Apr 5, 2017 19:17:15 GMT
And now there are none. Considering the overall volume of deals,FC really are rubbish at managing the deal flow on the Primary Market, which I suppose just goes to show how they regard the whole loan market as so much more important than us mere mortals who only have £586 million invested on the platform. The PM was especially sparse today, with very few new loans coming on (and only one I considered worth investing in (not S******t)). And if it was driven by the desire to offload S******t as suggested above, then surely they would have listed the third tranche once the second tranche had sold, but they did not. By contrast loan parts were selling on the SM like hot cakes at a hot cake party, so I also am now sitting on a large cash balance. Let’s hope for some tastier titbits being thrown our way tomorrow.
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Post by longjohn on Apr 5, 2017 19:39:03 GMT
The number of new investors is growing steadily and has done since FC started. Here's the last two years growth.  The amount lent has increased much more rapidly in the last twelve months due to more institutions investing. Here's the last two years growth.  If personal investors are fully invested FC feeds new loans to the institutions and you'll see less available in the Loan List. This varies quite a bit. Feast and Famine spring to mind. As acky posted above - FC really are rubbish at managing the deal flow on the Primary Market. |
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fasty
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Post by fasty on Apr 5, 2017 20:11:44 GMT
And now there are none. Considering the overall volume of deals,FC really are rubbish at managing the deal flow on the Primary Market, which I suppose just goes to show how they regard the whole loan market as so much more important than us mere mortals who only have £586 million invested on the platform. The PM was especially sparse today, with very few new loans coming on (and only one I considered worth investing in (not S******t)). And if it was driven by the desire to offload S******t as suggested above, then surely they would have listed the third tranche once the second tranche had sold, but they did not. By contrast loan parts were selling on the SM like hot cakes at a hot cake party, so I also am now sitting on a large cash balance. Let’s hope for some tastier titbits being thrown our way tomorrow. The rubbish deal flow is fine by me. It means that I can recycle tired old stuff on the SM and quite likely some shiny new loans will be available by the weekend.
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blender
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Post by blender on Apr 5, 2017 22:01:29 GMT
The number of new investors is growing steadily and has done since FC started. Here's the last two years growth. The amount lent has increased much more rapidly in the last twelve months due to more institutions investing. Here's the last two years growth. If personal investors are fully invested FC feeds new loans to the institutions and you'll see less available in the Loan List. This varies quite a bit. Feast and Famine spring to mind. As acky posted above - FC really are rubbish at managing the deal flow on the Primary Market. We need to be a bit careful about those graphs. The first I think gives the total who have lent since start, not those who are currently lending. Yes the number of new lenders is growing, but we do not know how many have left. The second is the total value of all loans from the start, including refinancing. But take about 1 Bn off to get the current size of the loan book. The bigger FC gets, the harder they have to work to grow.
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Post by Deleted on Apr 6, 2017 6:40:01 GMT
Important not to confuse the cash flowing from Institutional Investors and that from us Retail Lenders. There is a selection process going on and we only see the loans assigned to us.
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voss
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Post by voss on Apr 6, 2017 9:09:17 GMT
If personal investors are fully invested FC feeds new loans to the institutions I hadn't realised that. How do they know when you are fully invested? I had always thought that they simply prefer to place as many loans as possible as whole loans because it is less work for them compared with dealing with us hundreds(?) of retail lenders per loan. If that is their objective, then they mange the PM very well.
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voss
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Post by voss on Apr 6, 2017 9:11:11 GMT
The rubbish deal flow is fine by me. It means that I can recycle tired old stuff on the SM and quite likely some shiny new loans will be available by the weekend. I agree. The amount of cash in hand doesn't matter so much as what XIRR tells me.
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simonc8
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Post by simonc8 on Apr 6, 2017 10:05:15 GMT
Goodness! I'm overwhelmed by all the responses. I now understand much better than I did before how Funding Circle works. Many thanks to everyone who responded.
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Post by longjohn on Apr 6, 2017 13:23:42 GMT
The number of new investors is growing steadily and has done since FC started. Here's the last two years growth. The amount lent has increased much more rapidly in the last twelve months due to more institutions investing. Here's the last two years growth. If personal investors are fully invested FC feeds new loans to the institutions and you'll see less available in the Loan List. This varies quite a bit. Feast and Famine spring to mind. As acky posted above - FC really are rubbish at managing the deal flow on the Primary Market. We need to be a bit careful about those graphs. The first I think gives the total who have lent since start, not those who are currently lending. Yes the number of new lenders is growing, but we do not know how many have left. The second is the total value of all loans from the start, including refinancing. But take about 1 Bn off to get the current size of the loan book. The bigger FC gets, the harder they have to work to grow.
I take the sum of column 'O' from the loanbook as the true value of current loans as this is principle outstanding. However I've not recorded this data so cannot graph it. You are right in that the data from the home page is simplistic and merely a count of total investors and total lent but it's all we have. I only use it as a guide to current growth.
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