adrian77
Member of DD Central
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Post by adrian77 on Oct 14, 2018 19:18:20 GMT
thanks - interesting if not a tad worrying - be interesting to see how much of this 6.3m is actually recovered - if we take take 50% that will be over £3 million...
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Post by df on Oct 14, 2018 20:32:55 GMT
How is large development in Wales 200+ days? It's not overdue yet. I've been in various tranches in the past 14 months, but not anymore. I'm trying to stay away from large loans. Pardon me ?..184 days is overdue ...2802737737 ...241days..242 very shortly..and remember this is the 1st tranche of 14 ! Oh yes, just had a look, you're right, it is overdue. Only 2 months though, not 200+ days. So far it doesn't look like tranche14 is doing well (47%), but with a bit of luck 2802737737 might be labeled as completed at some point.
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Post by df on Oct 14, 2018 21:06:26 GMT
It is very far from ideal, but works for me because I don't have time to study and monitor developments of each loan. 1. I limit the amount I invest per loan with some exceptions (e.g. Italian library). 2. Avoid 2nd charges, most 'supplementals' and increased borrowings, VIP, the boat secured on future sponsorship etc. 3. All property loans go to SM half way through their duration at discount. This reduces my returns, but the risk is somewhat lower. And you always manage to sell your loans at discount before the cut off date? What discounts do you offer? Not always. I failed to sell one, but luckily it got renewed. It is looking worse now, at the moment I have seven that have little chance to be sold, three of which don't have any chance at all. I offer any discounts to stay at the top of the queue. The most common is -1.00%. About a year ago an average was at around -0.50%.
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Post by dan1 on Oct 14, 2018 21:57:22 GMT
Just had a quick look at the latest fake newsletter I note it states Capital lost through defaults £948,754 This strikes me as a lot less than I expected Would I be correct in thinking this is pretty meaningless as it refers to the small amount of defaulted loans that have actually been resolved to date and ignores the vast overhang (horrible but trendy word) of unresolved defaults i.e. loans flagged as "unredeemed"? For example 1 of the 6 yachts one has been sold and the original loan reclassified into 2 loans so we have one "recovered" with 100% recovery of £17,450 and the other 5 marked with £127 K "unredeemed" after (850 days!) and hence the £127K is ignored in the above figure of capital loss? Not sure what the current default figure is i.e. "defaulted" plus "unredeemed" is but I supect a tad more than £950K! Personally I think the above nomenclature is a tad confusing and would prefer a loan to be classed as either "active" or "defaulted" with "defaulted" being sub-divided into something similar to "defaulted open/awaiting final settelement" and "defaulted closed" . Wonder why FS have not done this? Unredeemed stood at £6,792,325 as at late August 2018 (see here). I've verified the capital lost through defaults and will write it up tomorrow, if you're lucky 
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rogerthat
Member of DD Central
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Post by rogerthat on Oct 14, 2018 22:29:00 GMT
Pardon me ?..184 days is overdue ...2802737737 ...241days..242 very shortly..and remember this is the 1st tranche of 14 ! Oh yes, just had a look, you're right, it is overdue. Only 2 months though, not 200+ days. So far it doesn't look like tranche14 is doing well (47%), but with a bit of luck 2802737737 might be labeled as completed at some point. With respect..I feel you have misinterpreted my statistics. The tables do not signify that a loan is 200/300/400 or more days overdue but indicate (broadly) the length of time those loans have been "live" over 183 days...so a loan that fits into the 200 + column (say its actually 284days )is in fact 100 days overdue(not 284)To do each and every loan individually would entail more time than I care to spend. The intent was to give an idea of where my capital was tied up and try to show (in percentage terms) why I have no liquidity. Clearly I failed. I see dan1 is going to do something..good for him. Perhaps those deniers who sniff at and refute the efforts of others would like to do something similar ? .
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Post by dan1 on Oct 15, 2018 9:28:53 GMT
Just had a quick look at the latest fake newsletter I note it states Capital lost through defaults £948,754 This strikes me as a lot less than I expected Would I be correct in thinking this is pretty meaningless as it refers to the small amount of defaulted loans that have actually been resolved to date and ignores the vast overhang (horrible but trendy word) of unresolved defaults i.e. loans flagged as "unredeemed"? For example 1 of the 6 yachts one has been sold and the original loan reclassified into 2 loans so we have one "recovered" with 100% recovery of £17,450 and the other 5 marked with £127 K "unredeemed" after (850 days!) and hence the £127K is ignored in the above figure of capital loss? Not sure what the current default figure is i.e. "defaulted" plus "unredeemed" is but I supect a tad more than £950K! Personally I think the above nomenclature is a tad confusing and would prefer a loan to be classed as either "active" or "defaulted" with "defaulted" being sub-divided into something similar to "defaulted open/awaiting final settelement" and "defaulted closed" . Wonder why FS have not done this? Unredeemed stood at £6,792,325 as at late August 2018 (see here). I've verified the capital lost through defaults and will write it up tomorrow, if you're lucky - you're lucky see p2pindependentforum.com/post/292260/threadI've been meaning to do this for a while, if only to document the anomalies in the footnotes - your post was the catalyst. It is a credit to fundingsecure that they provide this level of detail, and in a form that allows analysis. Btw, Unredeemed now stands at £6,303,075 as previously posted by sqh (I just like to check the figures for myself!).
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