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Post by essexboy on Jul 30, 2020 11:47:06 GMT
Just received confirmation email and second payment in my account. Only another 67% to go!
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Post by bhaviks on Aug 15, 2020 9:44:25 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. Stats for Aug www.growthstreet.co.uk/investing/statisticsTotal Money on loan = £8,257,716 Total Number of borrowers = 68 Expected default rate = 6.06% (this might be for the outstanding amount so would increase as the amount goes down?) Roughly 48% of loan amount outstanding. What do you think guys?
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Post by David B on Aug 15, 2020 14:26:41 GMT
So what would you estimate the payout to be in September on how the figures are going? About 25 - 30% maybe? Taking the total to 58-63%
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Post by bhaviks on Aug 15, 2020 14:46:04 GMT
So what would you estimate the payout to be in September on how the figures are going? About 25 - 30% maybe? Taking the total to 58-63% One more month to go and looking at stats they have recovered 19% after the last payout so I would agree with the 25-30% you mentioned. Maybe more optimitic view would be 32% payout..so total of 65% payout overall.
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Post by jamiee on Aug 20, 2020 20:14:27 GMT
Has anyone else noticed that the next payment expected date has changed to 29th October?
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Post by Badly Drawn Stickman on Aug 20, 2020 20:21:04 GMT
Has anyone else noticed that the next payment expected date has changed to 29th October? Yes, it changed earlier in the week. Given the last payment was 'early' I didn't consider it as carved in stone.
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Post by jamiee on Aug 20, 2020 21:01:43 GMT
Has anyone else noticed that the next payment expected date has changed to 29th October? Yes, it changed earlier in the week. Given the last payment was 'early' I didn't consider it as carved in stone. An email communication would have been appreciated.
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Post by Badly Drawn Stickman on Aug 20, 2020 21:20:25 GMT
Yes, it changed earlier in the week. Given the last payment was 'early' I didn't consider it as carved in stone. An email communication would have been appreciated. I suspect customer service is pretty much a footnote on the to do list these days.
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Post by bhaviks on Aug 21, 2020 9:12:37 GMT
Has anyone else noticed that the next payment expected date has changed to 29th October? I queried them and this is what i received.
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Post by David B on Aug 22, 2020 11:44:04 GMT
Very disappointing after the good news on what funds came in. Can't see why they can't do a monthly return.
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Post by bhaviks on Sept 11, 2020 16:05:05 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. Stats for Aug www.growthstreet.co.uk/investing/statisticsTotal Money on loan = £8,257,716 Total Number of borrowers = 68 Expected default rate = 6.06% (this might be for the outstanding amount so would increase as the amount goes down?) Roughly 48% of loan amount outstanding. What do you think guys? Stats for Sep www.growthstreet.co.uk/statistics.htmlTotal Money on loan = £6,674,847 (~ -1.58m from last month) Total Number of borrowers = 58 (-10 from last month) Expected default rate = 6.49% of the outstanding amount Roughly 40% of loan amount outstanding.
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puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on Sept 11, 2020 16:15:31 GMT
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Post by David B on Sept 12, 2020 10:43:54 GMT
I see the next expected payout as changed again to 7th December 2020. I would be really pleased if 94% came back soon. The expected 6.4% defaults I'm not too worried about at the moment.
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puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on Sept 12, 2020 11:21:41 GMT
I see the next expected payout as changed again to 7th December 2020. I would be really pleased if 94% came back soon. The expected 6.4% defaults I'm not too worried about at the moment. In my view, 94% repayment is unlikely, I suspect the last 15-20% will prove problematic. I think investors will see some overall loss, especially newer investors who haven't benefited from a few years interest payments.
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Post by bhaviks on Oct 9, 2020 6:29:24 GMT
Stats for Aug www.growthstreet.co.uk/investing/statisticsTotal Money on loan = £8,257,716 Total Number of borrowers = 68 Expected default rate = 6.06% (this might be for the outstanding amount so would increase as the amount goes down?) Roughly 48% of loan amount outstanding. What do you think guys? Stats for Sep www.growthstreet.co.uk/statistics.htmlTotal Money on loan = £6,674,847 (~ -1.58m from last month) Total Number of borrowers = 58 (-10 from last month) Expected default rate = 6.49% of the outstanding amount Roughly 40% of loan amount outstanding. Stats for October www.growthstreet.co.uk/statistics.htmlTotal Money on loan = £5,017,936 (~ -1.66m from last month) Total Number of borrowers = 44 (-14 from last month) Expected default rate = 6.46% of the outstanding amount Roughly 30% (-10% from last month) of loan amount outstanding.
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