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Post by bhaviks on Jul 27, 2020 11:20:59 GMT
Growth street investing stats were updated on 20th July www.growthstreet.co.uk/investing/statisticsLooks like total money on loan which i calculated as Number of borrowers * Average amount currently outstanding 86*£148,058=£12,732,988 When the resolution event was declared it was in the region of £17.2m. so roughly 25% loan amount is recovered so far. The number of borrowers have gone down from 116 to 86 This is just my observation.
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Post by nesako on Jul 27, 2020 13:09:51 GMT
Growth street investing stats were updated on 20th July www.growthstreet.co.uk/investing/statisticsLooks like total money on loan which i calculated as Number of borrowers * Average amount currently outstanding 86*£148,058=£12,732,988 When the resolution event was declared it was in the region of £17.2m. so roughly 25% loan amount is recovered so far. The number of borrowers have gone down from 116 to 86 This is just my observation. Your observations seem all correct to me. I am a bit suprised (and disappointed) they did not send an update e-mail last Friday with the progress. Also it was not ideal to find out about their wind up plans from external sites as opposed to official communication... PS. One additional observation is that expected defaults across the remaining loan book is now at 5% (up from around 4%). The provision fund had 4% coverage (though on the entire original amount)
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Post by kezza on Jul 27, 2020 13:46:32 GMT
I asked about updates the other day:
So between every 1-3 months.
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johni
Member of DD Central
Posts: 362
Likes: 322
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Post by johni on Jul 28, 2020 13:24:10 GMT
First payment has been paid into account today just short of 17%
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Post by spareapennyor2 on Jul 28, 2020 13:37:58 GMT
yes same here <17% surprised to see so soon
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Post by bhaviks on Jul 28, 2020 16:59:48 GMT
First payment has been paid into account today just short of 17% Yes same here...surprised to see the money before any comms from growth street.
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Post by Ace on Jul 28, 2020 19:49:10 GMT
Odd that we haven't been informed. Also, it still says that the next payment is expected on 15 Sept 2020.
I've requested a withdrawal and it seemed to go through. Hope it will make it go my bank account.
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Post by Badly Drawn Stickman on Jul 28, 2020 21:08:16 GMT
Odd that we haven't been informed. Also, it still says that the next payment is expected on 15 Sept 2020. I've requested a withdrawal and it seemed to go through. Hope it will make it go my bank account. Was in my bank account about 20 minutes of making the request, I have since moved it to a nice safe convalescence account to get over the trauma.
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Post by drphil on Jul 29, 2020 9:56:53 GMT
Odd that we haven't been informed. Also, it still says that the next payment is expected on 15 Sept 2020. I've requested a withdrawal and it seemed to go through. Hope it will make it go my bank account. Was in my bank account about 20 minutes of making the request, I have since moved it to a nice safe convalescence account to get over the trauma.
But seriously, I think the risk of the money not being paid once it's in your holding account is very low and it's very near the bottom of my things to worry about my p2p investments
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Post by kezza on Jul 29, 2020 12:44:16 GMT
In the email they have stated a payback of 33% - Similar to everyone else though I have only seen ~17% back into my account. Have I misunderstood something here?
EDIT: They have deposited again into my account so I am now at 33% return. First withdrawl of the 17% has come through to my bank already.
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johni
Member of DD Central
Posts: 362
Likes: 322
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Post by johni on Jul 29, 2020 12:48:50 GMT
In the email they have stated a payback of 33% - Similar to everyone else though I have only seen ~17% back into my account. Have I misunderstood something here? EDIT: They have deposited again into my account so I am now at 33% return. First withdrawl of the 17% has come through to my bank already. Also received further deposit explains why email wasn't sent yesterday
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Post by essexboy on Jul 29, 2020 15:44:24 GMT
Anyone received their withdrawal payment yet? Mine from yesterday was processed almost immediately but today’s has taken a few hours so far and not received as yet. Sure all is fine. Just wanted to check with others.
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Post by df on Jul 29, 2020 15:59:54 GMT
I knew nothing about yesterday's distribution and wasn't expecting to receive anything until 15th September. Got the e-mail at 1pm today and requested a withdrawal, 33.43611% of my stuck funds returned (not in my bank account yet, but I expect it won't take longer than promised).
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Post by kezza on Jul 29, 2020 17:29:19 GMT
Anyone received their withdrawal payment yet? Mine from yesterday was processed almost immediately but today’s has taken a few hours so far and not received as yet. Sure all is fine. Just wanted to check with others. My first withdrawl took about 12 hours and thats when people hadn't been notified. I would expect 24-48 hours for this one to process.
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Post by bhaviks on Jul 29, 2020 17:30:58 GMT
Anyone received their withdrawal payment yet? Mine from yesterday was processed almost immediately but today’s has taken a few hours so far and not received as yet. Sure all is fine. Just wanted to check with others. My first withdrawl took about 12 hours and thats when people hadn't been notified. I would expect 24-48 hours for this one to process. Just had another email from growth street that they have some technical difficulties.
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