pip
Posts: 542 
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Post by pip on Dec 3, 2019 16:32:56 GMT
Interesting that RS rates are so much both reduced compared to last years entries 2019 Nov 2019 previous month -17% and last years month -21% (Volume was 62,8M euros). 2018 Nov 2018 previous month -3% and last years month 23% (volume was 76,1M euros) That's quite a leap and I wonder if it's something to do with the recent rate changes at RS perhaps. Find it hard to see how Zopa still lends more than RS. For all RS' failings, and there are many, they are still infinitely better than Zopa. At least there is a provision fund with RS that has at least paid out to date. With Zopa over the years the rates have fallen while the level of protection offered to investors has also increased.
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rogedavi
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Post by rogedavi on Dec 3, 2019 16:57:51 GMT
surely lending volumes are driven by borrower, rather than lender demand.
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jlend
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Post by jlend on Dec 10, 2019 9:17:20 GMT
An annual comparison 2018 vs 2019 would be nice to see next time if that was not too much bother Thanks
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Post by geldregiertdiewelt on Dec 13, 2019 15:14:36 GMT
I've done a bit of that, comparing the Novembers of the last few years as reported by "wiseclerk". November, because it's obviously the most recent data available for this year and I think it's a pretty normal business month, not influenced a lot by major (regional) holidays or other seasonal effects etc. I've deleted (most) platforms that seem to have passed away or do or did not provide data. This is what came out: p2p-Volumes.xlsx (16.33 KB) The CAGR column is more useful to look at when you delete the Grupeer line. |
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Post by propman on Dec 22, 2019 10:47:56 GMT
Interesting that RS rates are so much both reduced compared to last years entries 2019 Nov 2019 previous month -17% and last years month -21% (Volume was 62,8M euros). 2018 Nov 2018 previous month -3% and last years month 23% (volume was 76,1M euros) That's quite a leap and I wonder if it's something to do with the recent rate changes at RS perhaps. Find it hard to see how Zopa still lends more than RS. For all RS' failings, and there are many, they are still infinitely better than Zopa. At least there is a provision fund with RS that has at least paid out to date. With Zopa over the years the rates have fallen while the level of protection offered to investors has also increased. Personally I have kept an old ISA in Z as I think it is fundamentally more transparent. Bad debts show up in a few months while RS has mechanisms to hide these for many months. In addition, I see RS as a catastrophy fund like structure. When it is forced to make a haircut, I expect liquidity to dry up and a substantial haircut required from realising that they have much smaller lending (passive investing being absorbed by what liquidity is available) to fund the under performance of PF. With Z WYSIWYG.
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Post by propman on Dec 22, 2019 10:51:21 GMT
surely lending volumes are driven by borrower, rather than lender demand. That depends. THere is always borrower demand, it is just whether competition for loans of an acceptable risk level is too intense. Ultimately there is a constraint of investor supply at rates that will fund this demand profitably, although the 2 are interrelated.
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ashtondav
Member of DD Central
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Post by ashtondav on Dec 22, 2019 18:40:48 GMT
Interesting that RS rates are so much both reduced compared to last years entries 2019 Nov 2019 previous month -17% and last years month -21% (Volume was 62,8M euros). 2018 Nov 2018 previous month -3% and last years month 23% (volume was 76,1M euros) That's quite a leap and I wonder if it's something to do with the recent rate changes at RS perhaps. Find it hard to see how Zopa still lends more than RS. For all RS' failings, and there are many, they are still infinitely better than Zopa. At least there is a provision fund with RS that has at least paid out to date. With Zopa over the years the rates have fallen while the level of protection offered to investors has also increased. Zopa are trading solely on their “size and safety” factor. Why put money into Z, when you can get a PF at RS. Similarly why would you put money into RS when you can get secured loans AND a PF at AC. It all comes down to platform confidence and platform diversification. Big Z are seriously underperforming for my wife who is achieving 2.6% in plus - she’s getting better than that at Flippin’ Clueless.
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benaj
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Post by benaj on Dec 23, 2019 9:31:02 GMT
Regarding the UK P2P lending market, RS & AC lending (90 days) has been decreased compared to the last 90 days period. Another note is OC lending volume has also gone down 90 days vs last 90 days. Zopa & FC lending have been steady.
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Post by wiseclerk on Jan 6, 2020 9:17:55 GMT
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Post by geldregiertdiewelt on Jan 6, 2020 21:47:03 GMT
If those figures are correct, p2p darling Mintos would be shrinking for the second month in a row. Same Bondora, despite a lot of recent praise from some German p2p bloggers.
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ashtondav
Member of DD Central
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Post by ashtondav on Jan 7, 2020 9:19:41 GMT
Zopa has gone low/no growth after just 14 years and in such a big market. Not good news for p2p backers...
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Post by gravitykillz on Jan 7, 2020 9:36:27 GMT
Zopa has gone low/no growth after just 14 years and in such a big market. Not good news for p2p backers... Everyone I know is exiting zopa due to losses. They have no pf and their due diligence is not good. Rates are not worth the risk. Other platforms offer more security in comparison to the rates they offer eg ratesetter
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Greenwood2
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Post by Greenwood2 on Jan 7, 2020 11:35:55 GMT
Zopa has gone low/no growth after just 14 years and in such a big market. Not good news for p2p backers... They have no pf and their due diligence is not good. Rates are not worth the risk. Other platforms offer more security in comparison to the rates they offer eg ratesetter I'm not. My rates are slightly below predicted on Zopa, but with tax relief on losses I'm getting pretty much the same as on RS (or a bit more with rates dropping on RS recently).
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aju
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Post by aju on Jan 7, 2020 14:47:41 GMT
Everyone I know is exiting zopa due to losses. They have no pf and their due diligence is not good. Rates are not worth the risk. Other platforms offer more security in comparison to the rates they offer eg ratesetter I'm not. My rates are slightly below predicted on Zopa, but with tax relief on losses I'm getting pretty much the same as on RS (or a bit more with rates dropping on RS recently). I agree, I'm technically reducing funding in non ISA, slow mode at present and may change when I see the end of the fin year out. I am also planning to reduce our exposure a little to p2p, we are also in RS and clearly getting better rates so far there and are more protected with the PF although as many will know the interest cover went down 3% points in December. I'm definitely not as happy with our Zopa result as I was 12 months ago but as I've stated before we did have quite a sellout across Zopa during the year partly to reduce exposure and partly to move money elsewhere. I'm still working on our end of full year stuff but it's clear things are not as good as they were but are not all bad as we are still gaining rather than losing and it's still above current inflation across our p2p investment as a collective.
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Post by wiseclerk on Feb 4, 2020 12:42:19 GMT
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