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Post by stevefindlay on Feb 2, 2020 13:50:19 GMT
My experience of the wind-down is probably rather different from most because by sheer luck I requested a (full) withdrawal the week before, leaving about 20% of my investment unsellable spread pretty evenly between watchlist and recovery. It's quite encouraging that about a third has since been returned...but the remainder is still significantly more than total interest earned, and very little has been written off yet, so not much help with the tax bill either. Hey ho, will still be better than losses on some other platforms anyway Yes I requested out about a month before it closed, but had more left in there than you. I also had a look for tax - also found not that helpful. I saw a potential losses value listed - the matter is whether or not it turns out to be limited to that amount. Given that there are a lot of investments listed as borrower in admin / platform in admin, I wonder how the estimate is created. If the platform is in admin, then that is likely to be Col. And we are assuming a 50% recovery / write-off in general. Not an exact science, but our guess at this stage (lots of unknowns, including when and how administrators fees are taken). On individual loans, we review at least monthly, and assign 10%,25%,50%,75%,90% or 100% write-down/write-off. Again, guest a best guess. Difficult to be precise. The total value of write-down/write-off has been reasonably consistent over the last 6 months, albeit there has been some movement in the underlying loans. Across the book, the total net return is c5%pa. And no client is currently projected to make a loss. But we still have 40% ish of the book to get through.
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pom
Member of DD Central
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Post by pom on Feb 11, 2020 13:26:20 GMT
No payment this month, or was I just particularly unlucky?
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Post by stevefindlay on Feb 11, 2020 15:07:19 GMT
No payment this month, or was I just particularly unlucky? Too small? - We don't pay out amounts less than £10 until the year end (or if its the last payment to close an account). Perhaps your amount was less than £10? OR No repayments? - If you withdrew most of your funds prior to our announcement in May 2019, and you only have watchlist/default loans remaining in your account, then maybe you didn't receive any interest or capital repayments this month. To be sure, you can log in to check your account: www.bondmasoncore.com or we'd need to look at your account: you can email us at invest@bondmason.com
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pom
Member of DD Central
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Post by pom on Feb 11, 2020 19:14:21 GMT
No payment this month, or was I just particularly unlucky? Too small? - We don't pay out amounts less than £10 until the year end (or if its the last payment to close an account). Perhaps your amount was less than £10? OR No repayments? - If you withdrew most of your funds prior to our announcement in May 2019, and you only have watchlist/default loans remaining in your account, then maybe you didn't receive any interest or capital repayments this month. To be sure, you can log in to check your account: www.bondmasoncore.com or we'd need to look at your account: you can email us at invest@bondmason.com It was more a question of curiosity (had I missed it) rather than concern. Actually have just logged in and it looks like there's over £100 sitting in cash so perhaps something repaid after this months run? So I guess I'll look forward to a nice payment next month
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alibaba
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Post by alibaba on Oct 6, 2021 7:05:23 GMT
I have a reasonable amount sat in my cash account but no payout so far this month, is anyone else having the same issue?
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grumpsimus
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Post by grumpsimus on Oct 6, 2021 10:13:34 GMT
I have a reasonable amount sat in my cash account but no payout so far this month, is anyone else having the same issue? Same here, as I have enough cash for a reasonalbe payout. BM are usually pretty good and tell if it is going to be late for some reason.
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Post by spareapennyor2 on Oct 6, 2021 11:50:24 GMT
just popped into my bank account
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grumpsimus
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Post by grumpsimus on Oct 6, 2021 15:18:21 GMT
Yes just arrived in my bank account as well. No explanation for the delay.
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Post by stevefindlay on Oct 11, 2021 9:50:43 GMT
We were waiting for a £100k loan to come in, but its completion was delayed, again. So we went ahead with the monthly payouts a few days later than usual.
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zlb
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Post by zlb on Oct 26, 2021 11:11:35 GMT
I have an overall projected loss from this platform, despite having tried to close my account a couple/a few weeks before it was announced that the product was in wind-down, so I'm not delighting particularly.
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ton27
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Post by ton27 on Oct 26, 2021 12:18:08 GMT
My returns are close to zero - too much exposure to Col. so disappointing overall.
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