mjc
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Post by mjc on Sept 13, 2018 15:40:27 GMT
Thoughtful post, contrasts with some of the ill-tempered posts recently about FS. For those with limited time, experience, no access to DD or limited funds / testing the water, we can’t do detailed DD for £100 or so in 100+ loans, so we need the information to easily assess the viability/risks of each investment against the return. £6.50 per hundred return for a 6m loan doesn’t cover the unknown risks of over-optimistic valuations and updates. After a few more scandals regulation may be brought into save the p2p market?
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arby
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Post by arby on Sept 13, 2018 15:57:49 GMT
Both have advantages and disadvantages and some will prefer one or other, my point being at the moment we have bits of both and its to the overall detriment of everything and everyone involved on the investor side.
Not going to argue with that. On the level of information FS provide, the one that really annoys me is the talk of a parental guarantee- without being able to identify and investigate the parent, that phrase gives no comfort at all, but simply sucks in investors believing it endows some level of assurance.
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rogerthat
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Post by rogerthat on Sept 13, 2018 16:11:08 GMT
Both have advantages and disadvantages and some will prefer one or other, my point being at the moment we have bits of both and its to the overall detriment of everything and everyone involved on the investor side.
Not going to argue with that. On the level of information FS provide, the one that really annoys me is the talk of a parental guarantee- without being able to identify and investigate the parent, that phrase gives no comfort at all, but simply sucks in investors believing it endows some level of assurance. I'm assuming you mean 'personal guarantee' ?
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arby
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Post by arby on Sept 13, 2018 17:52:18 GMT
Not going to argue with that. On the level of information FS provide, the one that really annoys me is the talk of a parental guarantee- without being able to identify and investigate the parent, that phrase gives no comfort at all, but simply sucks in investors believing it endows some level of assurance. I'm assuming you mean 'personal guarantee' ? No, I didn't mean that, but maybe I should have? I honestly thought that PG was parental guarantee in the context of FS 
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k6
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Post by k6 on Sept 13, 2018 18:44:37 GMT
isn't that odd that there is no update on FS about this auction? or am I expecting too much & too early...
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technik
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Post by technik on Sept 13, 2018 18:47:48 GMT
Thoughtful post, contrasts with some of the ill-tempered posts recently about FS. For those with limited time, experience, no access to DD or limited funds / testing the water, we can’t do detailed DD for £100 or so in 100+ loans, so we need the information to easily assess the viability/risks of each investment against the return. £6.50 per hundred return for a 6m loan doesn’t cover the unknown risks of over-optimistic valuations and updates. After a few more scandals regulation may be brought into save the p2p market? Thanks, much appreciated! Hopefully the time and energy it takes to write things here will help as therapy for the often less than constructive discussions had with FS themselves and the discontent that creates. But yes on your point above, unless you are a large scale investor you can't pay close attention to that many. So you either take a punt on lots of loans to diversify, based on some loose criteria and what is available in the time you have to log on, or narrow your focus down and invest more heavily in more well-researched loans. The latter is probably why so many are finding FS tough (aside from any possible systematic failings) and are frustrated here, that loans that were looked into and seemed good but then have fallen through with more issues than could have been prepared for become a central focus. Would include myself in that.
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mjc
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Post by mjc on Sept 13, 2018 21:23:17 GMT
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mjc
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Post by mjc on Sept 18, 2018 19:38:52 GMT
So finally to be paid in full in 4 weeks, and earning interest until then(update today). I’m sure there must be a lot of heartache by the borrower in having bought, pawned and lost this little critter.
Slowly I am getting some confidence in the viability of some of my overdue loans, some way to go before I know if I will break even or better!
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rogerthat
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Post by rogerthat on Sept 18, 2018 22:49:46 GMT
Im not going to crib as all monies + accrued will be paid..but ive just read the update..wasn't the hammer price £185K and not £180K as per update ?
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mjc
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Post by mjc on Sept 19, 2018 6:19:25 GMT
£180K..can anyone work out where that leaves investors please ? QRX. Negative, was £180k apparently. Roger That. 73s.
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Greenwood2
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Post by Greenwood2 on Sept 19, 2018 6:38:05 GMT
Im not going to crib as all monies + accrued will be paid..but ive just read the update..wasn't the hammer price £185K and not £180K as per update ? Last asking price was £185k, but wasn't taken, last bid was £180k.
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rogerthat
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Post by rogerthat on Sept 19, 2018 9:01:30 GMT
Im not going to crib as all monies + accrued will be paid..but ive just read the update..wasn't the hammer price £185K and not £180K as per update ? Last asking price was £185k, but wasn't taken, last bid was £180k. Thanks..think it was the champagne bubbles obscuring my vision 
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Post by df on Sept 26, 2018 20:44:38 GMT
Not surprised that the Head on a chopping board was eventually sold at the prise to cover the loan and interest, but it is delightful to see that the advertised LTV wasn't far wrong. I guess after FS and auction fees borrower will also get some left overs?
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benaj
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Post by benaj on Oct 13, 2018 10:53:55 GMT
Last asking price was £185k, but wasn't taken, last bid was £180k. Thanks..think it was the champagne bubbles obscuring my vision Money recovered to the account on the 11th Oct.
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rogerthat
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Post by rogerthat on Oct 13, 2018 11:10:26 GMT
Thanks..think it was the champagne bubbles obscuring my vision Money recovered to the account on the 11th Oct. Indeed...more champagne Jeeves..though the figures im going to add to the newsletter thread shortly are anything but celebratory 
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