ian
Posts: 342
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Post by ian on Aug 13, 2020 7:22:37 GMT
Why are AC doing nothing to generate new revenue streams. Their entire focus appears to be on keeping hold of existing investors funds against their wishes or forcing them to sell at a discount to redeem capital, which has resulted in a doom loop of diminishing returns and ever increasing customer dissatisfaction.
If new low LTV loans were available at higher interest rates (as the market the presently dictates) investors would participate and the platform would have additional income. Over the past 4 months at least one competitor must have lent in excess of £15m to borrowers, giving investors circa 9%; with average LTV of less than 50%. Even allowing for AC’s somewhat dubious track record in terms of valuations, many would be tempted to invest in a ‘non convoluted’ product on those terms.
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Post by nooneere on Aug 13, 2020 7:27:20 GMT
Why are AC doing nothing to generate new revenue streams. Their entire focus appears to be on keeping hold of existing investors funds against their wishes or forcing them to sell at a discount to redeem capital, which has resulted in a doom loop of diminishing returns and ever increasing customer dissatisfaction. If new low LTV loans were available at higher interest rates (as the market the presently dictates) investors would participate and the platform would have additional income. Over the past 4 months at least one competitor must have lent in excess of £15m to borrowers, giving investors circa 9%; with average LTV of less than 50%. Even allowing for AC’s somewhat dubious track record in terms of valuations, many would be tempted to invest in a ‘non convoluted’ product on those terms. Answer: they have a new revenue stream www.assetzcapital.co.uk/cbils
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mrsb
Posts: 196
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Post by mrsb on Aug 13, 2020 7:31:00 GMT
Why are AC doing nothing to generate new revenue streams. Their entire focus appears to be on keeping hold of existing investors funds against their wishes or forcing them to sell at a discount to redeem capital, which has resulted in a doom loop of diminishing returns and ever increasing customer dissatisfaction. If new low LTV loans were available at higher interest rates (as the market the presently dictates) investors would participate and the platform would have additional income. Over the past 4 months at least one competitor must have lent in excess of £15m to borrowers, giving investors circa 9%; with average LTV of less than 50%. Even allowing for AC’s somewhat dubious track record in terms of valuations, many would be tempted to invest in a ‘non convoluted’ product on those terms. Answer: they have a new revenue stream www.assetzcapital.co.uk/cbilsAnd of course- Lender fees!
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ian
Posts: 342
Likes: 226
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Post by ian on Aug 13, 2020 7:44:08 GMT
Why are AC doing nothing to generate new revenue streams. Their entire focus appears to be on keeping hold of existing investors funds against their wishes or forcing them to sell at a discount to redeem capital, which has resulted in a doom loop of diminishing returns and ever increasing customer dissatisfaction. If new low LTV loans were available at higher interest rates (as the market the presently dictates) investors would participate and the platform would have additional income. Over the past 4 months at least one competitor must have lent in excess of £15m to borrowers, giving investors circa 9%; with average LTV of less than 50%. Even allowing for AC’s somewhat dubious track record in terms of valuations, many would be tempted to invest in a ‘non convoluted’ product on those terms. Answer: they have a new revenue stream www.assetzcapital.co.uk/cbilsIt’s minimal and highly competitive when lending to good companies. Example I know of for a medium risk business was 6yrs @ base plus 3.15% with many funders in and around that figure. Additionally if that’s the route they are going & abandoning the retail investors, at what point do they finally make a call on all the default loans in access accounts etc.
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