Balder
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Post by Balder on May 26, 2018 10:04:02 GMT
Did you notice the guest appearance of Rodney from Emmerdale.  |
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Carter
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Post by Carter on May 26, 2018 20:55:44 GMT
Squirm. Brave face. Evade. Faux enthusiasm. Perhaps I’m coming with a glass almost empty attitude but after watching that I’m not reassured at all. In fact, quite the opposite. Ditto. I think I've said it before but there doesn't seem to be a person at Ly who vets their output from a lenders perspective. Whether it's their emails, forum posts or other media. It just comes across as bad, amateurish and off key. If this was dragons den I'd be ooot! If only it was that easy.
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michaelc
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Say No To T.D.S.
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Post by michaelc on May 26, 2018 21:10:32 GMT
Squirm. Brave face. Evade. Faux enthusiasm. Perhaps I’m coming with a glass almost empty attitude but after watching that I’m not reassured at all. In fact, quite the opposite. Yes that is a it of a plague in corporatedom (who Lendy aspire to) at the moment unfortunately.
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tx
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Post by tx on May 26, 2018 22:39:30 GMT
Although I am not entirely satisfied with the answers, however, I was very sceptical whether are really taking our questions. But to my surprise, some of my questions were featured in the videos, and not a single word missing, I was, in that regard, happy that they at least did take my questions.
And I have to agree with some previous comments here that, some representative provide far less information in their answer than others. Only talk ...
But I do think this was a good attempt by Lendy! I’ll see if they would continue to do more.
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Post by df on May 27, 2018 1:14:38 GMT
Although I am not entirely satisfied with the answers, however, I was very sceptical whether are really taking our questions. But to my surprise, some of my questions were featured in the videos, and not a single word missing, I was, in that regard, happy that they at least did take my questions. And I have to agree with some previous comments here that, some representative provide far less information in their answer than others. Only talk ... But I do think this was a good attempt by Lendy! I’ll see if they would continue to do more. In my observation communication in general and loan updates have improved in the past 6 months or so. One has to do something when new loans/tranches don't fill anymore.
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Post by charliebrown on May 27, 2018 1:50:14 GMT
Very interesting and I am certainly glad they did it but I suspect it will be the last. The S****** discussion (along with the comments about recoveries being costs) was particularly interesting to me as it seemed to show either a disproportionate level of monitoring or naivety about the borrower's ability and willingness to repay. The COO guy was IMO talking the talk with little conviction. How about a discussion about how to decide what proportion of the budget should be spent on recoveries? From their point of view, recovering our money is a cost that needs to be kept as low as possible. Its only with the current level of negative sentiment that L are finally having to raise the priority of recoveries. Here's an idea if a little off piste. Instead of recruiting that blah blah blah guy, wouldn't they have gained more confidence if they'd managed to appoint the COO from the set of larger investors? I feel sure there are people here that could do that job (assuming they'd want to) and they've just spoken to 4,000 of us. Such a person would be far more knowledgeable, motivated and respected that some guy driven mainly by his relatively large salary, bonuses and share options. They hired the blah, blah, blah guy because he was a great cultural fit. Looking at his profile he’s an IT guy, not COO material. He’s probably treating the job as a rolling contract, making as much money as he can before moving on; so again, a great cultural fit.
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angrysaveruk
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Post by angrysaveruk on May 27, 2018 9:16:50 GMT
Does anyone have a link to the podcast?
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treeman
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Post by treeman on May 27, 2018 9:24:47 GMT
Does anyone have a link to the podcast? It's on youtube
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angrysaveruk
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Say No To T.D.S
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Post by angrysaveruk on May 27, 2018 10:17:09 GMT
Does anyone have a link to the podcast? It's on youtubeThanks for the link. Was thinking about putting some money in this platform a while back but decided against it - mainly because they didnt have full authorisation and the loans looked a bit high risk for me. After seeing this video I think I made the right decision.
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Post by samford71 on May 27, 2018 11:18:37 GMT
I find it odd that people here seem to think that the COO would have any insight into lending policies or recoveries. Especially, one whose CV implies he should be a CTO and has only just joined. That shouldn't be his area of competance. These topics are the remit of Alan Darling (head of lending), Mark Whitburn (head of credit) and Ray Welsby and James Crascall (debt recovery). Some are in the podcast but others, oddly, seem absent. Good day for a bit of vacation I would think!
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gustapher
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Post by gustapher on May 27, 2018 11:22:53 GMT
As someone who makes videos professionally I lament when I see stuff like this. For the sake of spending a bit of money and producing something proper that sends out the right message they have put out something amateur that has the opposite effect.
I see this all the time, even from FTSE100 companies. Let's do it ourselves in-house for free - it's fine we have no microphones because, y'know, 'Youtube'. These people are morons. They are wasting their time putting out any content when it is as badly made as this.
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rocky1
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Post by rocky1 on May 27, 2018 17:27:14 GMT
any questions you would like to ask for the next podcast.post on here to give lendy time to come up with a convincing answer.
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agent69
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Post by agent69 on May 27, 2018 17:47:35 GMT
any questions you would like to ask What's a podcast?
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Balder
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Post by Balder on May 27, 2018 17:53:47 GMT
any questions you would like to ask What's a podcast? Something you put on a broken pod.
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angrysaveruk
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Say No To T.D.S
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Post by angrysaveruk on May 27, 2018 20:10:01 GMT
As someone who makes videos professionally I lament when I see stuff like this. For the sake of spending a bit of money and producing something proper that sends out the right message they have put out something amateur that has the opposite effect. I see this all the time, even from FTSE100 companies. Let's do it ourselves in-house for free - it's fine we have no microphones because, y'know, 'Youtube'. These people are morons. They are wasting their time putting out any content when it is as badly made as this. I dont think it was the production that was this issue compare it to this interview with Stuart Law: www.youtube.com/watch?time_continue=572&v=HcSlo8RbwLs . In my opinion he comes across as being confident, upfront about the facts of the business and having a set direction for the platform.
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