rogerthat
Member of DD Central
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Post by rogerthat on Oct 28, 2018 11:58:49 GMT
As you say, no surprises there. Day one of open season should be interesting and a true barometer of its future..or not
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Post by df on Oct 28, 2018 16:29:08 GMT
If the staff working there don't have much long term hope for the company what does it mean for those of us lending there? It means another call for "withdraw whatever you can before it's too late".
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hazellend
Member of DD Central
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Post by hazellend on Oct 28, 2018 18:09:21 GMT
If the staff working there don't have much long term hope for the company what does it mean for those of us lending there? It is very risky to have a high allocation of equity in your employer. If they go down you lose your job and your investment. The sensible approach is to bank your gains and diversify
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jeremy12
Member of DD Central
Everything's frozen
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Post by jeremy12 on Oct 28, 2018 18:40:57 GMT
The shares offloaded are not a huge proportion of the shares in existence, but it's not a ringing endorsement either! Clearly it was overpriced on launch as is often the case with companies in the tech sector.
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Post by gadget on Oct 28, 2018 20:43:10 GMT
If the staff working there don't have much long term hope for the company what does it mean for those of us lending there? That's a bit harsh:
1) Some of these people may have been waiting 7 years to be able to cash out what may be a significant part of their compensation and the reason they joined the firm. How long is reasonable to wait to be paid what's basically your bonus by your employer?
2) Most normal people don't play the stockmarket. And it's certainly the opposite of sound advice to leave a big chunk of your wealth tied up in one company.
3) Would you expect FC employees to use up a chunk of their wages buying FC shares every month to show their commintment? Economically it's the same thing.
Edt: This a failure of the bookbuilders. They should have priced it to line up enough buyers to mop up the very predictable pent up selling demand.
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adrian77
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Post by adrian77 on Oct 29, 2018 16:46:47 GMT
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Post by Proptechfish on Dec 18, 2018 15:39:24 GMT
Another 5% hit on the share price today, now trading at sub 80.
It's interesting that so many people are stating the obvious by wanting to short it but i'm not aware of a single CFD platform that has even listed this instrument yet (happy to be corrected, and make some easy money). If it was easy we all be doing it.
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dandy
Posts: 427
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Post by dandy on Dec 18, 2018 15:41:29 GMT
Another 5% hit on the share price today, now trading at sub 80. It's interesting that so many people are stating the obvious by wanting to short it but i'm not aware of a single CFD platform that has even listed this instrument yet (happy to be corrected, and make some easy money). If it was easy we all be doing it. ig.com it is easy and (judging by the 15% drop today) everyone is doing it 
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Post by Proptechfish on Dec 18, 2018 15:49:46 GMT
Another 5% hit on the share price today, now trading at sub 80. It's interesting that so many people are stating the obvious by wanting to short it but i'm not aware of a single CFD platform that has even listed this instrument yet (happy to be corrected, and make some easy money). If it was easy we all be doing it. ig.com it is easy and (judging by the 15% drop today) everyone is doing it How have i missed that  . Have they got Interserve listed ?
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dandy
Posts: 427
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Post by dandy on Dec 18, 2018 15:51:55 GMT
ig.com it is easy and (judging by the 15% drop today) everyone is doing it How have i missed that . Have they got Interserve listed ? Yes
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SteveT
Member of DD Central
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Post by SteveT on Dec 18, 2018 15:55:34 GMT
Another 5% hit on the share price today, now trading at sub 80. It’s FCIF that’s dipped below 80p, not FCH (which touched 310p today)
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Post by hammertime on Dec 18, 2018 16:02:47 GMT
This could be the end of F/C.
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Doc
Member of DD Central
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Post by Doc on Dec 18, 2018 16:16:39 GMT
The fall in the share price today is most probably connected to the FCIF half year report this morning.
Extract -
Conclusion
Performance of the Company in recent months has been far from satisfactory. Both the Board and Funding Circle are determined and fully committed to taking whatever steps are possible and desirable to return the Company to a satisfactory level of risk adjusted returns over the long term. Much will depend on the future delinquency levels arising in the portfolio and you will see reports on this in our monthly newsletters as performance evidence evolves.
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Post by hammertime on Dec 18, 2018 16:22:25 GMT
Well they brought it all on themselves when they kept messing around with there platform. i am lucky to of got out when i did. so with this and Lendy in trouble is this the shape of things to come. probably to many P2P platforms around at the moment and could do with thinning out.
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Stonk
Stonking
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Post by Stonk on Dec 18, 2018 20:35:26 GMT
Well they brought it all on themselves when they kept messing around with there platform. i am lucky to of got out when i did. so with this and Lendy in trouble is this the shape of things to come. probably to many P2P platforms around at the moment and could do with thinning out. Hammer, you forgot to mention about your 11% ...
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. Have they got Interserve listed ?
