jaswells
Member of DD Central
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Post by jaswells on Jun 9, 2021 10:33:57 GMT
Sorry, maybe I haven't been keeping up.
However, what are funding circles future plans? Will they re-open lending to investors or are they moving onto another model?. I notice they are profitable again and the share price is indicative of near term survival, so where are they heading?
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Jun 10, 2021 11:52:06 GMT
I think they don't want us retail investors we tend to be more picky than say a large bank investing in 20,000 loans
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ashtondav
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Post by ashtondav on Jun 11, 2021 9:04:43 GMT
Well at the simplest level would you rather have £1m from one fund, or £1m from 100,000 retail punters who largely don’t know what they doing or getting into and therefore spend hours on the phone every week? Simples. You avoid the punter.
BUT. You could/can launch differentiated products. The funds can pick their loans, take the risks and get a projected 7%+. In addition you launch a fixed return product like AC and LP and cream off the extra for customer service and profit. So I think they may return to retail. But you NEVER pretend it’s easy, quick or certain access, but rather it’s a 5 year investment.
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rogerthat
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Post by rogerthat on Jun 11, 2021 11:45:23 GMT
"but rather it’s a 5 year investment".
...and a 10yr recovery, if you're extremely lucky, that is.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Likes: 2,308
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Post by keitha on Jun 11, 2021 13:17:08 GMT
"but rather it’s a 5 year investment". ...and a 10yr recovery, if you're extremely lucky, that is. of course your recovery may be a lot less than 100% if they sell the debts off The recent debt sale shifted 50% of my defaults by number and value, bringing the total recoveries on those to an average of 44%, or 36% on those defaulted more than 1 year ago. I've now got as remaining some that have defaulted in the last 12 months, and looking at the rest I'd say the majority both the the business is liquidated and the guarantor is bankrupt. On the bright side there are a few still paying including one paying off £18 at 3p a month
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rogerthat
Member of DD Central
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Post by rogerthat on Jun 11, 2021 18:49:10 GMT
"but rather it’s a 5 year investment". ...and a 10yr recovery, if you're extremely lucky, that is. of course your recovery may be a lot less than 100% if they sell the debts off The recent debt sale shifted 50% of my defaults by number and value, bringing the total recoveries on those to an average of 44%, or 36% on those defaulted more than 1 year ago. I've now got as remaining some that have defaulted in the last 12 months, and looking at the rest I'd say the majority both the the business is liquidated and the guarantor is bankrupt. On the bright side there are a few still paying including one paying off £18 at 3p a month Not sure you'll find an anniversary card for 2071 on planet Earth but you never know
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Post by Ton ⓉⓞⓃ on Jun 13, 2021 9:40:31 GMT
Institutions often call Retail money "sticky" i.e. they (we) invest and leave it there too far too long, I do, I'm not rate tart enough.
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