dandy
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Post by dandy on Dec 9, 2016 9:17:11 GMT
money supply is much greater than loan demand on virtually all platforms ... so isn't the volume of ISA demand a moot point? However much there is, it seems that it will have nowhere to go
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dandy
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Post by dandy on Dec 7, 2016 6:45:20 GMT
]Why do you believe Assetz will not be EIS eligible?... Wellesley are eligible ... Is that a typo? Wellesley are not eligible for EIS. They say so themselves. Yes. Corrected it now. Thanks ...
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dandy
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Post by dandy on Dec 6, 2016 18:22:14 GMT
If most P2P platform companies appeared on a SME P2P platforms looking to raise debt, I wouldn't touch them with a 10-foot barge-pole! Poor/no security, weak balance sheets and loss-making is hardly a recipe for a good fixed-income lending opportunity. Even the big players like Zopa and FC have shown zero ability to monetize their billions of origination. Most of the smaller players (say those on the main board) aren't really sustainable businesses unless they scale volumes to multiples of where they currently are. The exceptions are some of the bridge lenders like LI and SS, who take such huge margins out of lenders that they are cashflow positive. I still wouldn't lend to them, unsecured, on a 3 to 5 year horizon though. As an equity play, there is more scope to be positive given the unconstrained upside. Nonetheless, I'm less positive than I was 18-24 months ago. I only invested in AC because I have money coming out of the LC IPO and wanted to keep some marketplace lending exposure, plus they stated they had an EIS wrap (limiting my downside to 38% of notional invested). I'm far less sanguine on the industry at this point, especially given LC and OnDeck valuations and where the P2P ITs are trading. I regret investing in the AC convert since I'm pretty worried they won't get the EIS wrap now. Whether the P2PFA likes it or not is irrelevant since they are just a trade body and not a very good one at that. More important it that financial companies aren't EIS eligible so P2P platforms much keep their agency status. Some of their recent AC products like the QAA may invalidate that which is why Wellesey's Seedrs raise can't be EIS. Why do you believe Assetz will not be EIS eligible?? They were stated to be eligible and as far as I am aware they do not lend their own money but are just a matchmaker/marketplace. Wellesley are not eligible as they borrow money via mini bonds and lend that money on their own balance sheet.
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dandy
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Wellesley & Co (W&Co) in Administration
equity raise
Nov 30, 2016 9:53:52 GMT
Post by dandy on Nov 30, 2016 9:53:52 GMT
This sounds interesting ... although cannot find any details on Wellesley or Seedrs websites
Would be interested to know the valuation range and discount
I thought W would become the biggest P2P lender but they do seem to have stalled somewhat this year and their P2P rates are probably the lowest anywhere. I struggle to believe they are getting any lenders at 2.25% but maybe they are ...
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dandy
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Post by dandy on Nov 17, 2016 14:52:43 GMT
I think RS charge £3 for a withdrawal after the first three (which are free) unless I am mistaken ...
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dandy
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Post by dandy on Nov 16, 2016 10:17:43 GMT
Next is Ratesetter* at 3.1% rep APR (2-5yrs). So why do people talk of manipulation and dodgy does! If you have to lend at 3.1% then there's no chance of ever being a profitable platform Jack P FYP
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dandy
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Post by dandy on Nov 14, 2016 13:40:22 GMT
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dandy
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Post by dandy on Nov 11, 2016 10:27:55 GMT
Think it is fairly obvious that both posters have something to do with Money Platform. Not a site for me, expected return rate 12% for all that risk, if it was only a 7% default rate I doubt that the wonga venture into this kind of loans would have failed. I quite like that they think they are ethical lenders. yes, but ... if they are enabling their borrowers to pay 500% APR instead of say 1000% APR at Wonga or life% to a shark then ...
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dandy
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Post by dandy on Nov 11, 2016 9:45:42 GMT
Can you clarify the representative example for a borrower on your site.
Representative example:
Borrow:£500 for 6 weeks
Interest rate:200.75%
One repayment of:£615.50
Representative:497% APR
Why is the APR so much higher than the interest rate? Is there a fee you deduct from the £500 - so the borrower only receives say £400?
Interesting new proposition, thanks and good luck!
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dandy
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Post by dandy on Nov 10, 2016 14:31:37 GMT
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dandy
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Post by dandy on Nov 9, 2016 14:03:51 GMT
I am not with AC but I did look at early posts here this a.m. out if interest and was quite surprised to see legal threats made by one forum member to another, with the apparent intention of shutting them up (yes I am aware of the origins of this board and appreciate it). That looked over-sensitive, defensive, counter-productive and the only post that might be reported that I could see. Some of the posts which were tolerated on FC's own board would put this in perspective. This is not a customer service facility, and it would be better perhaps to decline to engage further at an earlier stage and to invite a more formal and private discussion as a customer? +1 Is there any useful information in this thread about investing in AC as I don't want to waste my time reading through 6 pages if it just boils down to a squabble. andrewholgate believes QAA should be more transparent and internal discussions are being had about showing all loans held. One day we may learn more. Other than that, just a wind up by a troll pointless fight discussion
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dandy
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Post by dandy on Nov 9, 2016 9:49:22 GMT
Wonder how long before 'Trump Walls Inc' is formed ...
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dandy
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Post by dandy on Nov 8, 2016 10:20:06 GMT
How are there still odds on Bernie Sanders winning of ~ 100/1?
I thought that Clinton was the Democratic candidate and that Sanders had been eliminated earlier in the race?
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dandy
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Post by dandy on Nov 7, 2016 13:47:05 GMT
£9,999,999.99
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dandy
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Post by dandy on Nov 7, 2016 11:15:29 GMT
Are there any plans to provide more info on the QAA to show the loans it holds?
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