jonah
Member of DD Central
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Post by jonah on Sept 5, 2017 5:00:26 GMT
Is nucleus really p2p? They don't accept new lending and seems they are all institutional funded anyway. Sounds like a bank to me.
In other news, RS loan volume seems to have fallen off a cliff!
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Post by wiseclerk on Oct 3, 2017 10:21:21 GMT
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Oct 3, 2017 18:25:27 GMT
RS down, if possibly less than last month. FC powering ahead impressively, especially given their recent changes. I assume that AC are happy with their growth, it is impressive.
It feels like there are a growing number of small platforms and a smaller number of much larger platforms. Maybe time for some consolidation coming soon?
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kermie
Member of DD Central
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Post by kermie on Oct 3, 2017 20:07:33 GMT
RS down, if possibly less than last month. FC powering ahead impressively, especially given their recent changes. I assume that AC are happy with their growth, it is impressive. It feels like there are a growing number of small platforms and a smaller number of much larger platforms. Maybe time for some consolidation coming soon? If you'd told me 2 years ago AC's monthly volume would have been more than 50% that of RateSetter, I would not have believed you. The months of jam-tomorrow-new-loans is long gone. In terms of consolidation, though - I just don't see what is in it for the bigger platforms: inheriting dodgy loan books from a failed minnow? No thanks. Increasing lender-base? Maybe, but presumably the lender-numbers are dwarfed by the larger platform such that it's reallly not worth it. Of course, there's always ego and mis-aligned incentives on the board (of either P2P company) which could drive a buy-out, but I suspect shareholder value would only be destroyed doing that.
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Post by wiseclerk on Nov 3, 2017 10:00:43 GMT
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Post by wiseclerk on Dec 4, 2017 13:10:45 GMT
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Post by wiseclerk on Jan 3, 2018 13:36:30 GMT
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Post by wiseclerk on Feb 2, 2018 9:49:12 GMT
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Post by wiseclerk on Mar 2, 2018 11:03:15 GMT
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Post by wiseclerk on Apr 4, 2018 10:57:53 GMT
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Liz
Member of DD Central
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Post by Liz on Apr 4, 2018 14:05:03 GMT
Things look bad for MT. Not sure if great or terrible! Depends which figure you look at.
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dandy
Posts: 427
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Post by dandy on Apr 4, 2018 14:07:09 GMT
big month for AC although their website says ~ £15m compared to your list which says €36m - how do you get your figures?
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Post by chris on Apr 4, 2018 14:27:44 GMT
big month for AC although their website says ~ £15m compared to your list which says €36m - how do you get your figures? Does our website say £15m? The €36m seems roughly accurate allowing for the exchange rate.
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dandy
Posts: 427
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Post by dandy on Apr 5, 2018 9:07:38 GMT
big month for AC although their website says ~ £15m compared to your list which says €36m - how do you get your figures? Does our website say £15m? The €36m seems roughly accurate allowing for the exchange rate. I was taking the value of loans on the downloadable loanbook via your website. The last month shows ~ £15m. Although I notice that loans 629-660 seem to be missing from the loanbook, which could explain the difference. What are loans 629-660 and why are they not showing anywhere?
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Post by chris on Apr 5, 2018 9:30:21 GMT
Does our website say £15m? The €36m seems roughly accurate allowing for the exchange rate. I was taking the value of loans on the downloadable loanbook via your website. The last month shows ~ £15m. Although I notice that loans 629-660 seem to be missing from the loanbook, which could explain the difference. What are loans 629-660 and why are they not showing anywhere? Good question, hadn't even noticed a break in the numbers. The number is just a database sequence so any errors whilst creating a loan / auction for a loan and numbers can be skipped, they're not intended to be strictly sequential and all in use they're just an internal ID for us that ended up being used by lenders. Looks like something caused a bunch of numbers to be missed, there simply aren't any loans with those numbers in the system. Not all loans are retail funded, although the VAST majority will be. Plus there will be some variance due to total facility size and day one cash draw not being equal, where we will either report the full facility or we report the day one draw but there are subsequent drawdowns against that would then count against the total. There'll be some redemptions and capital repayments as well that can vary the overall size of the loan book. Similar methodology to other platforms as far as I'm aware.
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