rs
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Post by rs on Nov 22, 2018 20:09:51 GMT
What do people think of the Seedrs Proplend equity raise?
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Post by faraday815 on Jan 27, 2019 18:54:11 GMT
Did proplend secure their target equity raise?
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hantsowl
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Post by hantsowl on Jan 27, 2019 19:01:05 GMT
Did proplend secure their target equity raise? Investment sought: £600005 Amount raised: £638422
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bababill
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Post by bababill on Jul 11, 2021 1:26:39 GMT
Proplend equity funding currently on Angelsden (didn't see a point to start a new thread).
Minimum Target £ 500,000 Maximum Target £ 1,999,213
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p2pfan
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Full-Time Investor
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Post by p2pfan on Jul 11, 2021 12:07:09 GMT
Proplend equity funding currently on Angelsden (didn't see a point to start a new thread). Minimum Target £ 500,000 Maximum Target £ 1,999,213 Thanks for the heads up. Interesting. Here's the link, in case anyone is interested. I can see very little information without having to go through all the palava of registering. How do you rate this as an investment, with a likelihood of realising a profit?
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Post by uksoul on Jul 11, 2021 13:33:21 GMT
The minimum investment is £5000🤔..I'll stick with Proplend on Seedr who have a very low minimum investment requirement.
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Post by Ace on Jul 11, 2021 13:53:56 GMT
The minimum investment is £5000🤔..I'll stick with Proplend on Seedr who have a very low minimum investment requirement. Looked like a £50,000 minimum to me. Not registered there though, so may have missed something.
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Post by uksoul on Jul 11, 2021 20:37:54 GMT
The minimum investment is £5000🤔..I'll stick with Proplend on Seedr who have a very low minimum investment requirement. Looked like a £50,000 minimum to me. Not registered there though, so may have missed something. I looked into registering with them and the minimum investment is 5k but as you say 50K for Proplend.
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bababill
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Post by bababill on Jul 13, 2021 23:34:42 GMT
Thanks for the heads up. Interesting. Here's the link, in case anyone is interested. I can see very little information without having to go through all the palava of registering. Unfortunately I can not post the information on this forum.
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sapphire
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Post by sapphire on Jul 29, 2021 19:04:04 GMT
Proplend equity funding currently on Angelsden (didn't see a point to start a new thread). Minimum Target £ 500,000 Maximum Target £ 1,999,213 The Angelsden listing is now not displayed. Any idea if this was fully funded and so closed?
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Post by Ace on Jul 29, 2021 20:02:20 GMT
Proplend equity funding currently on Angelsden (didn't see a point to start a new thread). Minimum Target £ 500,000 Maximum Target £ 1,999,213 The Angelsden listing is now not displayed. Any idea if this was fully funded and so closed? Brian Bartaby has just finished a livestream on FinancialThing. He was asked about funding sources and didn't mention this avenue. I completely forgot about this thread, so didn't ask. He did say that Proplend were profitable this year.
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Post by uksoul on Jul 29, 2021 23:29:57 GMT
The Angelsden listing is now not displayed. Any idea if this was fully funded and so closed? Brian Bartaby has just finished a livestream on FinancialThing. He was asked about funding sources and didn't mention this avenue. I completely forgot about this thread, so didn't ask. He did say that Proplend were profitable this year Brian is considering a Seedrs fundraise this year. It was a question he answered on the platform following his quarterly update to Seedrs investors early this month.
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bababill
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Post by bababill on Aug 1, 2021 2:14:32 GMT
Two interesting takeaways from the interview
1) Proplends pension is invested in platform
2) Mike Powell asked "So how would you fund an insolvent wind down? This is the issue that doesnt seem to have been covered in wind-down plan"
The reply is around the one hour five minute mark
"So in theory now you shouldn’t have an insolvent wind-down because if all platforms have got their wind-down plans in place then you would get the point where you would trigger your orderly wind-down and that would happen before you got to an insolvent wind-down
I think insolvent wind-downs are probably something that hopefully that we’ve seen the back off because the parameters the FCA put in place are solvent wind down comes first and here are the trigger points…"
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elliotn
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Post by elliotn on Aug 1, 2021 4:52:26 GMT
That's very positive.
Possibly wishful thinking as things do crop up as we saw with TC & MT starting as orderly wind downs*.
I'm now paying 25% trust assets to administrators for a TC loan whose recovery had already been agreed upon beforehand - after about 2 years & whose receivership/platform fees are already being deducted - but whose 12m repayments just happen to overlap with TC hiding behind administrators!
(*tbf OC are doing so & LC unless they start retail again.)
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Post by uksoul on Aug 1, 2021 6:57:09 GMT
Two interesting takeaways from the interview 1) Proplends pension is invested in platform 2) Mike Powell asked "So how would you fund an insolvent wind down? This is the issue that doesnt seem to have been covered in wind-down plan" The reply is around the one hour five minute mark "So in theory now you shouldn’t have an insolvent wind-down because if all platforms have got their wind-down plans in place then you would get the point where you would trigger your orderly wind-down and that would happen before you got to an insolvent wind-down I think insolvent wind-downs are probably something that hopefully that we’ve seen the back off because the parameters the FCA put in place are solvent wind down comes first and here are the trigger points…" The interview gave a great insight into Brian`s management. He is direct, sensible and puts his money where his mouth is.
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