Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 22, 2019 15:44:17 GMT
I'm not convinced they would bother telling us if they weren't. Their business is finished and they know it. My only hope is they will do the right thing (for once) and try to recover some of our money before they turn off the lights. "Depicted as a "lovable loser," Charlie Brown is one of the great American archetypes and a popular and widely recognized cartoon character.
Charlie Brown is characterized as a person who frequently suffers, and as a result is usually nervous and lacks self-confidence."
I hope you are not turning into an assertive old cynic
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 22, 2019 15:32:18 GMT
well this farce gets ever worse - wonder if Daddy will go bankrupt or just happens to have trading and physical assets that were used by his son... Not sure where this leaves FS - hopefully FS can still try and reclaim the art works but what happens if they are out of the country ? Can any legal person comment - I don't know many legal terms but I sure know this one can be described! Fu** UP
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 22, 2019 13:01:58 GMT
New working theory: P2P is the brainchild of a cabal of shady Barristers out to bleed the investment community dry through an ingenious plot of terrible loans and even worse litigation... This is the most plausible conspiracy theory I've heard for a while. I'm almost tempted to buy into it. This might give an insight into some of the more "counter cutlural" orientated posts here. link
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 20, 2019 13:15:05 GMT
I would imagine that it's not long before anyone working for this embarrassing shower starts to suffer from health and personal issues. I would wish him the best for the future. Anyone with any integrity and conscience would suffer stress and anxiety from being involved in such a business (we don’t see the half of it, imagine what those on the inside see). You’d have to be a special type of sociopath to run one of these platform and sleep well every night; someone like Liam from Lendy. Skating on the libel thin ice again Charlie ?.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 20, 2019 10:42:32 GMT
Don't you just love P2P? "Fellow lenders". In other walks of life we'd be "competitors" or "rivals" Seriously though, no-one has to sell to our friend you're hinting at and no-one has to buy from him. It's a marketplace. We're, by definition, peers, not rivals . I din't claim there is anything wrong with making profits in that way - I'm probably one of the lenders (fellow, or otherwise) who a certain someone has profited from, though of course, I have no way of knowing. At the time, I bought from the marketplace in the hope that I'd make more profit from the borrower than the seller would make from me. In the majority of cases, I'm now less convinced of that as many of my loans are now very overdue, with little sign of coming good any time soon. I've learnt my lesson, and am not buying more FS loans (on the PM or SM) until things turn around - if everyone else feels that way and buyers stop buying, the sellers will end up with a lot of loans to hold to completion, whether they want to or not. We are all a family here. Unfortunately we are all permanently sitting round the table at Christmas dinner. We all know how volatile that can be.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 22:58:32 GMT
doesn't mean they would vote against the govt in a no-confidence vote.
If we have a GE right now, not only will it be a disaster for the country at this critical time, but we'd also be the laughing stock (again) of the world.
I'm not sure this particular group of politicians will a) think a GE is in their interests when this is such an embryonic grouping or b) are cut from the Corbyn cloth of thinking that a GE is the best outcome (more party politics ahead of the country's interests).
As for reputation, if we have GE now and JC becomes PM it will reverse the trend. Sorry took me a while to get up from the floor after laughing at your suggestion. With 7 less MPs and a personal rating lower than an ISIS bride I would think that a Labour Party lead by JC would never win GE.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 22:48:15 GMT
exactly - some people talk about FS loans as if they are loans with guaranteed interest which sadly they aren't! As mentioned a lot of us think the failure rate is far too high and the recovery rate far too low... Twins @ it Again Welendus arguably one of the most promising P2P platforms has an expected default rate of 10% and nobody thinks this is unreasonable. FS currently 7.6% is below this. FC had loans with expected 18% default rate. So perhaps you should change your thinking to more accurately reflect the actual default rates now we have several years of data over numerous platforms. Perhaps a median default found rate over the sector would clarify the situation and allow for realistic expectations. I agree recoveries should be speedy and efficient.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 18:49:57 GMT
Perhaps I’m missing something, but if having a foothold in the EU (i.e the UK) is so critical, surely the intention should be to relocate to somewhere in the EU (ie not Japan)? They already have a foothold in Japan, surely easier to move production there than set up completely new works in the EU. If you think the prospect of export tariffs, or disruption of just in time production models, or anger at the breaking of the UK's previous promises (very important to the Japanese), or uncertainty (even if we agree something, what's to say it won't change again?) played no role in this decision, I think you're deceiving yourself. Since Japan has just agreed a 0% tariff deal with EU it does not matter where the plant is and Far east and Australian markets probably are greater than EU.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 18:44:59 GMT
I have no doubt there will be a shortfall which may or may not be covered by the FCA but everybody's hands are tied until something is actually settled. Far be it from me to say it but ........ we are lining up the ducks That is usually to shoot them !!!! We would not want to include such a valued poster in the bunch. So keep your head down.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 18:39:45 GMT
Payback something more this year at no loss and I'll give them 3 stars " Payback something more this year at no loss and I'll give them 3 stars " <---- A slightly loaded offer considering the circumstances. I will up that offer and will give them 5 stars (with no sarcastic comments either in my TP review!!!) if they can pay back all due or past due loans in full this year. Ditto..
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 16:54:57 GMT
"In a tweet, Mr Tomlinson said: "Honda are clear this is based on global trends and not Brexit, as all European market production will consolidate in Japan in 2021."
So not really anything relevant here.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 16:50:47 GMT
It is worth noting that if FC haven't already received a draft copy of the administrators progress report they will do so in the next couple of days. They could of course provide us with an update but we will unfortunately have to wait until the report appears on the CH website, and if we are lucky a couple of weeks afterwards they might be inclined to post an update. I believe that I've made this statement before but I'm under the impression that mushrooms are treated better than FC investors. That is a totally untrue statement.
FC investors get fed far more Sh**
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 16:46:31 GMT
Tax is not an issue if you have all your funds in FISA
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 15:27:40 GMT
Therein lies the issue; you say you're OK with sales at par or discount, but not at a premium. If trading is allowed, it will become just a pure gamble on whether redemption occurs or not, with limited regard to the underlying loan. There is enough gambling in p2p already that this additional form of gambling isn't really needed. No I'm not. I'd happily leave all loans trading at all time. Having said that, if FS know that a loan is going to be repaid tomorrow, I can understand why someone who buys it at a 1% premium is annoyed if it pays back. 1% loss in a day. That is what FS are trying to stop happening so stop people selling at a premium if that is the case, don't allow people to sell at a premium if there is a known redemption upcoming. I don't follow your comments on gambling. I would be interested to hear from anyone who bought any loan with accrued interest at a premium as to why they bought it other than a very inefficient way to offset CGT
mrclondon yours is a tiny cost and well researched. The figures mentioned were for loans with a lot of interest and at 1% premium
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Feb 18, 2019 15:21:04 GMT
It's ridiculous. Any loan can be redeemed by a borrower at any time. I fail to see how a buyer can be caught out by buying a loan at a 1% discount (as at least some of these loans were) if the loan then suddenly repays. By all means stop a loan from being offered for sale at a premium if repayment is imminent but there is no need to halt par/discounted sales. Therein lies the issue; you say you're OK with sales at par or discount, but not at a premium. If trading is allowed, it will become just a pure gamble on whether redemption occurs or not, with limited regard to the underlying loan. There is enough gambling in p2p already that this additional form of gambling isn't really needed. They stop you trading in the last 30 days on all loans (not all platforms do this). As I always buy at a discount early payback is a bonus as I would normally be holding slightly more than i would near maturity. I don't know of any logical reason to ever buy at a premium.
As for the Tax just make sure all investments are in your FISA
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