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Post by hammertime on Dec 5, 2018 15:56:08 GMT
You may be waiting a while.
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SteveT
Member of DD Central
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Post by SteveT on Dec 5, 2018 16:04:06 GMT
You may be waiting a while. Indeed, but I'm buying it for the 6%+ yield. Any further trading profit would be icing on the cake.
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Post by davee39 on Dec 5, 2018 16:51:01 GMT
Why is anyone buying this?
P2P Global trades at a 16% discount (£8 cf £9.50 asset value). Current yield is 6%, but the trust is re positioning holdings, aiming for 8%. I am holding for the yield, an expected re-rating and for diversification.
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SteveT
Member of DD Central
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Post by SteveT on Dec 5, 2018 16:58:55 GMT
Why is anyone buying this? P2P Global trades at a 16% discount (£8 cf £9.50 asset value). Current yield is 6%, but the trust is re positioning holdings, aiming for 8%. I am holding for the yield, an expected re-rating and for diversification. Because I already have a fair amount of P2P Global  IIRC, I bought in when it was at 20%+ discount (730p-ish?) and I still kick myself for holding on when it bounced back towards £10. But the yield remains good.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Dec 6, 2018 12:22:16 GMT
p2p global can't be bought on all platforms or in all contexts (ISA, SIPP, etc)
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ashtondav
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Post by ashtondav on Dec 6, 2018 14:13:47 GMT
P2p Global is in my Hargreaves Lansdowne SIPP...
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cobi
Member of DD Central
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Post by cobi on Dec 18, 2018 11:30:14 GMT
FCIF 4% drop today on poor NAV figures.
Now has a 16% Discount
80.5p
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invester
P2P Blogger
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Post by invester on Dec 18, 2018 14:03:18 GMT
That isn't good reading.
Expects UK returns to be 6-7% going forward after making some changes into how risk is assessed.
Implication that anyone holding the older loans in P2P might be even worse off than this. Certainly their statistics make it harder for anyone to reach conclusions. Did they use to have a graph of cumulative net returns?
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Post by davee39 on Dec 21, 2018 10:14:06 GMT
15% discount & share buybacks. Now looks to be worth a nibble in an otherwise stormy market. My take is a 6% yield and possible 5 - 10% reduction in discount. Should never have traded at a premium.
There is a trend here where P2P trusts launch among great enthusiasm, see asset value drop and share price over-react. FCIF managed to hold on longer than most.
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cobi
Member of DD Central
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Post by cobi on Dec 21, 2018 11:06:10 GMT
15% discount & share buybacks. Now looks to be worth a nibble in an otherwise stormy market. My take is a 6% yield and possible 5 - 10% reduction in discount. Should never have traded at a premium. There is a trend here where P2P trusts launch among great enthusiasm, see asset value drop and share price over-react. FCIF managed to hold on longer than most. Lots of small purchases after your 'tip' and price has gone up. Coincidence?
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cobi
Member of DD Central
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Post by cobi on Mar 21, 2019 16:07:23 GMT
Poor performance over the last couple of months.
Jan 0.03% NAV
Feb 0.05% NAV
Share price down over 2% today now at 86p
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TitoPuente
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Post by TitoPuente on Apr 5, 2019 7:16:57 GMT
"Funding Circle SME Income Fund said it will ask shareholders to approve the wind down of the company following consultations with two thirds of them. The fund added that the wind down would involve the portfolio being "realised and not reinvested". FTSE 250-listed Funding Circle Holdings said it supports the announcement made by Funding Circle SME Income Fund, which holds loans made by Funding Circle Holdiings. In addition, Funding Circle Holdings confirmed that financial guidance for 2019 it provided at its full-year results remains unchanged. "A global income fund providing access to a diversified portfolio of Funding Circle small business loans was the right strategy for investors and Funding Circle in 2015. However, there are now more appropriate and varied ways for investors to participate on the platform. We're pleased to soon introduce two new investor products to the UK market. They will further expand the universe of investors that can access loans on our platform and continue to diversify our sources of funding, in line with the strategy we set out at IPO," Funding Circle Holdings CEO Samir Desai said. " www.ii.co.uk/stock-market-news |
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cb25
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Post by cb25 on Apr 5, 2019 8:07:59 GMT
"Funding Circle SME Income Fund said it will ask shareholders to approve the wind down of the company following consultations with two thirds of them. The fund added that the wind down would involve the portfolio being "realised and not reinvested". FTSE 250-listed Funding Circle Holdings said it supports the announcement made by Funding Circle SME Income Fund, which holds loans made by Funding Circle Holdiings. In addition, Funding Circle Holdings confirmed that financial guidance for 2019 it provided at its full-year results remains unchanged. "A global income fund providing access to a diversified portfolio of Funding Circle small business loans was the right strategy for investors and Funding Circle in 2015. However, there are now more appropriate and varied ways for investors to participate on the platform. We're pleased to soon introduce two new investor products to the UK market. They will further expand the universe of investors that can access loans on our platform and continue to diversify our sources of funding, in line with the strategy we set out at IPO," Funding Circle Holdings CEO Samir Desai said. " www.ii.co.uk/stock-market-newsArticle here
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reinvestor
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Post by reinvestor on Apr 5, 2019 8:12:20 GMT
FC shares down 12% on the week......
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cobi
Member of DD Central
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Post by cobi on Apr 5, 2019 10:39:23 GMT
At a 10% discount and they are going to wind it up, surely this is a good buy?
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