kulerucket
Member of DD Central
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Likes: 93
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Post by kulerucket on Jan 20, 2023 21:15:53 GMT
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jan 20, 2023 21:12:35 GMT
Is it too late to join? I joined a related Telegram group once but didn't really understand what was going on
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jan 9, 2023 13:57:25 GMT
Does anyone have any information about what is going on at Grupeer? There have been no updates in 18 months of the FAQs and the blog has disappeared. I saw there was some talk of legal action against Loan Originators but I'm not sure what came of it.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Feb 4, 2022 20:16:50 GMT
To be honest, them selling my email address is the least of my worries when it comes to this company.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Feb 4, 2022 20:05:13 GMT
Dear investor,
Atlantis Financiers informed us that they are finalizing its restructuring. We want to share this update received from Atlantis Financiers with you.
“On several occasions we informed, to the users of ViVentor, that we, and our clients, have faced difficult times as a result of COVID and that restructuring of our business is unavoidable in order to survive. The options we have investigated, and communicated, are:
1. Buyback of outstanding claims at a discounted market value; 2. Restructuring of the outstanding assignment contracts into a Long-term loan; 3. Sale of the Atlantis loans portfolio and passing on proceeds to investors.
We have decided for option 3, the sale of the Atlantis Financiers portfolio.
This means that we are obliged to buy back the claim rights before we can sell the portfolio. We can and will do this based on Article 8.6.5 of the Assignment Agreement (AA). Although the definite price still has to be determined, it has been indicated to us that this price will be only a small fraction of the principal outstanding loan amount of our portfolio.
Based on this indication and taking into account (legal) fees, we are now calculating the final "buy back price" as meant and defined under section 8 of the AA. This amount will be communicated and transferred to ViVentor before the sale.
We expect and understand that this result will be disappointing for the people that hold claim rights on invoices and loans that they financed together with Atlantis. The price of the portfolio is based on the situation in the Netherlands and the chances of the third party to recover the outstanding loans. Considering the financial situation of companies in the Netherlands, the chances are slim that most companies will be able to repay.”
We can imagine investors having lots of questions. Please be aware that following the withdrawal of the application for brokerage license, ViVentor is operational with less staff. It might take a bit longer for us to respond to your questions.
Thank you for your patience.
Kind regards,
ViVentor Team.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Dec 27, 2021 2:01:07 GMT
The past few months I have had <100EUR each time and they have threatened to take it all every month so I've had no choice but to pay the 1.50EUR and grab whatever I can.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Aug 10, 2018 14:50:09 GMT
No proof of earnings seems to be requested. Couldn't you just enter 0 for everything?
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Aug 1, 2018 8:55:46 GMT
Makes me glad I have diversified across long and short term loans. I still have a fairly substantial holding of long term 13/14% loans.
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kulerucket
Member of DD Central
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Post by kulerucket on Jul 23, 2018 9:23:49 GMT
My buyback money has already gone to other sites. I'm not buying anything for 8%, I'd rather keep the cash in the bank!
I'm sure this will all settle down in the next few weeks/months, but there are plenty of other places my money can be while I wait.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jul 9, 2018 11:00:49 GMT
Firstly, this is a re-run of the Hipocredit scandal, the difference being that we have been forewarned. Hipocredit bought back loans paying a high interest rate, only to relist them at a much lower rate. Mogo have acquired cheap funding elsewhere to buy back the loans. What I don't understand is why they are still listing loans at 13 and 14% if they are intending to buy back loads of them? Why not use their cheap funding to fund the loans currently listed? Who will buy the loans listed knowing that a huge buyback is imminent? I am sure that their first priority will be to buy back the highest-paying loans. I read on buttchopf23's blog here: here, that this was more down to regulation changes in Latvia. However they did re-list with a lower rate so even so probably used the opportunity to their advantage. I never saw any of mine re-bought that I can remember.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jul 9, 2018 10:54:34 GMT
Is, Wandoo Finance Group, which owns Swaper, profitable? And are loans, that are offered by Swaper, also on the Mintos marketplace? The only information I've ever been able to find (at least without paying) is here: company.lursoft.lv/en/wandoo-finance/40103970112All this shows is that they are paying TAX and that amount of tax is increasing. I would assume that tax means profit right? And if the amount of tax paid is going up considerably year on year, that's got to be a good sign.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jun 26, 2018 22:55:10 GMT
Really helpful. One thing I don’t quite get is why Mintos rates are so much higher than UK. Coming to this game late it feels like I have missed the hay day of P2P in UK with everyone complaining about the rates (though look a damn site better than other investments) however Mintos seem still a notch above - does this reflect higher risk or just simply a different market? Either way looking forward to a toe in the water when my deposit lands later this week. Most euro platforms have higher rates than the UK. 12%-14% is common. I think it's mostly down to a newer market. Risk is very hard to judge IMO so I have just opened many euro accounts with different platforms and have spread across them thinly. Most have very little management due to autoinvest and because I spread so thinly I don't care much about the quality of individual loans. I just care about overall platform performance.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jun 26, 2018 22:41:02 GMT
I would suggest all of them. This is not meant to be facetious; rather, I think that overall diversification is more important than picking the best originators. Even the most solid looking company can fall victim to internal fraud, unexpected problems with its regulators, or some other event that you have no way to predict. Besides diversification, the best way to reduce risk is keeping debt duration short (i.e. sticking to relatively short term loans). On Mintos and other P2P loan sites, the "yield curve" is relatively flat, i.e. investors are not compensated particularly well for tying up their money for multiple years. My thought exactly, however I see advantages to diversification across loan length as well. If the overall trend in returns is downwards, then I like the fact that I have some longer term loans at 14% when the market has dropped to 12%. This happened for instance of Twino where I only have longer term 13% loans left. I don't believe that there will be any warning signs of an originator about to collapse so you could still be stuck whatever duration loans you have. Best spread thinly across originators so that if one collapses it might only take a few months to cover the loss in interest from all of the other originators.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jun 22, 2018 16:41:27 GMT
About 4% liquid assets. 15% of total P2P.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jun 22, 2018 6:26:29 GMT
One point that stuck in my mind which I was not aware of was the statement that all loans are due for repayment by November 2018 which of course is only 5 months away. According to the records I exported using a web scraper, there is at least one going beyond this date. Not too much longer though. E.g: BL00074-1 E** V****** at N***** K*******, D***w**** (1 of 4) ACC00120 - 12/12/2018 BL00081-1 O****** H***, O****** R**d (1 of 4) - ACC00148 - 11/01/2019
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