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Post by davidjones on Jul 3, 2018 10:58:21 GMT
i would like to think that the reason for flow of loans is that kuflink are a lot more active behind the scenes with their DD and and other checks and have probably rejected quite a few.i personally like the info and the way loans are brought to the platform and ok it is early days yet but it seems kuflink are doing their best to not end up in the same situation as a few other platforms.steady growth/lender confidence and open and honest comms and kuflink could be around for a long time. But open and honest comms is the very antithesis of what we've had previously (whether over the "reserve feature" the "skin in the game removal/shrinkage" or the nature of the "guaranteed 20% first loss"). I am continuing to run down my holdings here. Kuflink have as long as it takes me to do that (~10 months excluding the Beach Road NR11 property) to convince me to change my mind. Kuflink is sorry to hear you are winding down your investments with us. What we are trying to achieve is a company that has longevity, but to achieve this it must be flexible enough to move with changes in the market to say competitive but remain solvent. So we look at the business frequently and if the board feels that changes are needed to protect both the investor and the company then these decisions will be reviewed by all concerned and if it is viable it will be implemented.
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marka
Member of DD Central
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Likes: 175
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Post by marka on Jul 4, 2018 16:19:00 GMT
Hi davidjonesInteresting that you should decide to answer me nearly 2 months after I made that comment, and then completely and utterly fail to address it. If you re-read what I wrote (and the other comments I was replying to), it was not so much the choices that kuflink have made about any changes they feel are necessary that I was taking issue with; it was the way in which these changes were communicated (or not as the case may be) - in particular the assumption that your marketing people seem to have made that all your investors are thick enough to be taken in by third rate spin and/or meaningless waffle. |
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jnm21
Posts: 441
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Post by jnm21 on Jul 8, 2018 11:16:27 GMT
Spot on marka. It is sad how Kuflink has gone, losing the respect of many investors - I would suggest that most at kuflink think/hope we are thick (many of those show similar intelligence levels by making such assumptions) - regularly the comms are waffle & spin. Credit to DJ, he is much better at the comms, but still selective on which topics to address, in addition to a little tardy in most cases (which he always takes as an opportunity to suggest alternative more speedy communication methods, which in return I call out as avoiding transparency). At least thus far, I have not had cause to doubt the accuracy of what he says (it would be bad if a compliance officer said things that were, em, less than compliant). I do wonder how the use of the word guarantee in relation to something that is far from guaranteed is compliant, perhaps it says more about the standards that it complies to - it certainly makes the sustainability question much more pertinent. |
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