ashtondav
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Post by ashtondav on Dec 1, 2020 12:13:25 GMT
FC growth and profit outlook improves
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corto
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one-syllabistic
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Post by corto on Dec 1, 2020 15:52:00 GMT
They are making money of small businesses that want to survive and then of those that lend.
Once they claimed to be a social and innovative enterprise.
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trevor
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Post by trevor on Dec 1, 2020 17:11:22 GMT
The stock market is not impressed. Share price 85p. I suspect a lot take any announcements from this lot with a fist full of salt rather than just a pinch.
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ashtondav
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Post by ashtondav on Dec 1, 2020 18:57:05 GMT
Hmmm. Kinda expected that the FC posters wouldn't be jumping for joy.
Just buy Bitcoin!
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c88dnf
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Post by c88dnf on Dec 1, 2020 20:17:58 GMT
FC growth and profit outlook improves
To those of us who have been well and truly shafted by FC and their former "highly experienced property team", this is not a surprise: it's easy to make money if you are cavalier with other people's. Longer term, that trick usually doesn't bode well. Possibly that accounts for the stock market's largely unchanged valuation.
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Post by shanghaiscouse on Dec 3, 2020 12:16:45 GMT
Indeed they just seem to be running around the market grabbing whatever pool of cash becomes available to them. First it was individual retail investors, with the blessing of a government and FCA desperate to see the UK do some "innovative finance" until that went south. Unable to grow fast enough, they changed the business model entirely, wrote masses of dud loans and IPO'd before they went bad. Then on to institutions, until they found warehousing loans before securitising them was too risky and took big losses. Then along came COVID like a dream and the government offerred to guarantee loans to any tom, dick or harry and this was such a perfect fit with the FC credit underwriting team's business model that you have to wonder if it was FC that created the virus from its secret biowarfare lab
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benaj
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Post by benaj on Dec 3, 2020 12:40:41 GMT
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corto
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Post by corto on Dec 3, 2020 14:07:13 GMT
Hmmm. Kinda expected that the FC posters wouldn't be jumping for joy.
Just buy Bitcoin!
joy is elsewhere
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