Nomad
Member of DD Central
Posts: 755 
Likes: 513
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Post by Nomad on Apr 2, 2020 18:45:33 GMT
CapitalRise seems to be sailing serenely through the storm in its majestic manner. They filled a new loan in Chelsea very quickly, and another in Oxford is 71% subscribed. Three loans on their Resale Market have also just been snapped up - four remaining expire this June or October, so I will be gobsmacked if they are sold. I haven't invested in this platform yet but have been monitoring it because it seems to run so smoothly always. Feedback from anyone currently invested would be welcome as events unfold. I picked up the longer dated resale loans; the platform seems well run and has good communications - but it's very early days for me...
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Post by nooneere on Apr 2, 2020 18:53:25 GMT
CapitalRise seems to be sailing serenely through the storm in its majestic manner. They filled a new loan in Chelsea very quickly, and another in Oxford is 71% subscribed. Three loans on their Resale Market have also just been snapped up - four remaining expire this June or October, so I will be gobsmacked if they are sold. I haven't invested in this platform yet but have been monitoring it because it seems to run so smoothly always. Feedback from anyone currently invested would be welcome as events unfold. I picked up the longer dated resale loans; the platform seems well run and has good communications - but it's very early days for me... Wow - that's a coincidence. Best of luck with your new loans! Thought I was the only optimist left.
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Greenwood2
Member of DD Central
Posts: 4,385
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Post by Greenwood2 on Apr 2, 2020 19:33:39 GMT
I don't think many businesses in the UK (or likely anywhere else) is not going to be affected by the virus one way or another, it's just a case of how detrimental it will be how quickly. P2P is no different, lending was always a risky business and at the present moment much more so with individuals and businesses stressed and the property market likely to go into at least a temporary freeze.
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Post by kazamx on Apr 3, 2020 16:22:53 GMT
Following up on my post about WiseAlpha These bonds have been put up in the last week or so. The yield has dropped a little since they went up as the price of the bonds has increased. If you did think about joining PLEASE do research into the different sorts of bonds and what different terms mean. Happy to help if people have questions.   |
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Post by gravitykillz on Apr 3, 2020 16:46:36 GMT
Following up on my post about WiseAlpha These bonds have been put up in the last week or so. The yield has dropped a little since they went up as the price of the bonds has increased. If you did think about joining PLEASE do research into the different sorts of bonds and what different terms mean. Happy to help if people have questions. There are charges involved in purchasing these bonds and when selling them. It is profitable only if you can hold them for at least 3 years. They are also unsecured. But bondholders only get screwed after the shareholders get wiped out.
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Post by gravitykillz on Apr 3, 2020 16:49:43 GMT
I was invested in wisealpha in the middle of last year. The software is great and their are some decent bonds in pounds and euros. Left after almost a year. Broke even
I think. If companies get taken over the value of the bond can rise as well or if companies wish to buy back the bonds.
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Post by kazamx on Apr 3, 2020 16:56:24 GMT
There are charges involved in purchasing these bonds and when selling them. It is profitable only if you can hold them for at least 3 years. They are also unsecured. But bondholders only get screwed after the shareholders get wiped out. Oh good point I totally forgot about fees 1% annual management charge (taken when you receive interest) 0.25% fee when selling a bond (no fee if the bond repays)
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Post by tommycatz on Apr 3, 2020 17:43:59 GMT
In last few days, when randomly logging into RS, I've seen some very large lend orders requested from borrowers, 2 for +£500K and 1 for +£350K. These are funded quickly.
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Post by tfw on Apr 3, 2020 18:25:55 GMT
Following up on my post about WiseAlpha These bonds have been put up in the last week or so. The yield has dropped a little since they went up as the price of the bonds has increased. If you did think about joining PLEASE do research into the different sorts of bonds and what different terms mean. Happy to help if people have questions. Bonds seem risky these days with many big names going under. LCF last year and now Basset and Gold is the latest to go into administration earlier this week.
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Nomad
Member of DD Central
Posts: 755
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Post by Nomad on Apr 3, 2020 18:43:50 GMT
LCF and B&G were both very different types of operation to WA.
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Post by gravitykillz on Apr 4, 2020 5:04:43 GMT
To be honest I would feel more comfortable and would be more likely to invest if I could do it directly with the business rather than going through a third party like wisealpha. Also would prefer the bond to be secured. If wisealpha goes under who knows what might happen to the investment.
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jaswells
Member of DD Central
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Post by jaswells on Apr 4, 2020 5:38:43 GMT
From the Wisealpha website:
"WiseAlpha utilises the services of global banking custodian, BNY Mellon to hold the corporate bonds. Independent oversight is provided by IQEQ, the fourth largest investor services firm in the world"
"In the event that WiseAlpha Technologies' capital falls below the level required to operate all clients’ cash balances and investments in Fractional Bonds would not be affected and would continue to be administered within WiseAlpha plc and the client account continue to be run by Global Custodial Services."
"This structure ensures a separation of investor money (held and invested at WiseAlpha plc) from the main operating company (WiseAlpha Technologies Limited)."
Assuming the above to be true (considering they are FCA approved it really should be), I would think the counter-party risks associated with Wisealpha itself are minimal (Wisealpha bonds excepted of course). Some of the bonds they offer however are significantly more risky than others. IMO/ DYOR etc.
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Post by gravitykillz on Apr 4, 2020 5:57:52 GMT
I dont invest large sums especially in this environment and with brexit at the end of the year. 'Ifs' just dont cut it right now.
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Post by gravitykillz on Apr 4, 2020 6:00:38 GMT
Ratesetter,assetz and growth street are having liquidity issues at the moment.
Let's see what happens there. They all had back up plans as well.
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Post by nooneere on Apr 4, 2020 7:42:54 GMT
Not sure I am allowed to mention a P2P blog site on a gravitykillz thread  but The Obvious Investor describes the latest details of his own P2P portfolio, so a second opinion to the views discussed here. In summary: Still confidently invested in - ABL, CP, Kuflink, LP, UB & uOwn Successfully exited (he was quick off the mark) - LC, LW, OC, RS Trapped and not happy with recent platform policies - AC, FC, GS (same gripes as on their respective threads here) So broad agreement with what we have been saying. Also has the euro sites but I don't follow those. |
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but