|
|
Post by failedtheturingtest on Jul 30, 2021 21:46:45 GMT
The description of modern greenhouse agriculture techniques in the last two projects has been really amazing. I'm absolutely stunned by what modern precision growing technology involves: piping in CO2, raising and lowering plants on support wires, tomato plants that are 15 metres long.
|
|
|
|
Post by GentlemansFamilyFinances on Aug 14, 2021 8:57:10 GMT
The first investment filled really quickly for the agriculture project.
This fruit project is much bigger and I suspect that is why it's taking longer to fill - the last million or so could go in the space of a day or so as I (and others) don't see much point in having money sitting idle and will lump it in at the last minute.
I unfortunately don't have £100,000 to invest but it wouldn't need too many big investors to fill the last few % leaving others out.
Hopefully this can be the first 2 if many projects. The funnel has been empty for far too long and the council investments are inexplicable absent - despite the AI prospectus saying that they'll have hundreds of millions of municipal bonds.
|
|
|
|
Post by GentlemansFamilyFinances on Sept 28, 2021 14:02:15 GMT
There's a new agriculture project open now. It's in an interesting area of using LED lights which emit a narrow frequency of light which allows better growth of soft fruits.
My own reading is that this is the science behind the technology is mature enough for commercial use.
The rate of return is attractive (if somewhat alarming).
This and the other one have deadlines of the end of October and are filling slowly.
I've not out any money in myself yet but may closer to the time.
|
|
corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on Oct 5, 2021 0:39:00 GMT
There has been a new document for a few days discussing the impact of the energy prices on the three greenhouse projects.
|
|
|
|
Post by GentlemansFamilyFinances on Nov 4, 2021 19:40:32 GMT
It looks like the current food project will be fully funded within the next week or 10 days.
It always fills up quickly towards the end.
Looking at the prospectus and a recent trip to the supermarket, I think that we need this type of green(fingered) tech as what I saw looked terrible and was flown in from Egypt.
If only they could breed a berry that had vitamin D - speaking as someone who lives in Scotland and won't see the sun for another 4 months
|
|
|
|
Post by GentlemansFamilyFinances on Nov 15, 2021 12:22:27 GMT
It looks like the one that is up now will fill in the next day/few hours.
I've thrown a bit in but with around £75,000 left to fill, it might only take one or a few investors to complete it.
The average invested per investor is about £2,000 which means there must be a good number of people putting £5 in and a few who can just drop £10k.
|
|
|
|
Post by overthehill on Nov 15, 2021 14:47:46 GMT
It looks like the one that is up now will fill in the next day/few hours. I've thrown a bit in but with around £75,000 left to fill, it might only take one or a few investors to complete it. The average invested per investor is about £2,000 which means there must be a good number of people putting £5 in and a few who can just drop £10k.
How many P2P lenders need to be burned as a warning that green, sustainable and renewable projects are for professional investors. The complexity level and number of parties involved is way above property based loans, the documentation can be 100s of pages. Look out especially for dependence on grants or subsidies or 'agreed' tariffs. I have tried to find typical return rates or historical default rates on their website and I've given up.
There is a very detailed report on 4thWay about a 4.5M busted project in 2018.
No thanks.
|
|
|
|
Post by nbk on Nov 15, 2021 16:47:19 GMT
Hmm - not sure that's a fair assessment to just lump all green projects into a single category. I've invested with Abundance for over 5 years (including in the failed £4.5MM loan). Like any other p2p there are some bad loans but only a small percentage of the whole and I would say that on the whole the loans on Abundance are generally much better than on other p2p sites. My returns will far exceed any losses I make. The level of due diligence that is performed by Abundance is more detailed than other p2p companies and when there is a problem, they get stuck in on working to resolve and find a real solution, not just shrug their shoulders as I've seen on other platforms. If you want to invest in Green projects then my experience is that Abundance is one of the most reputable places to it and the risk in their loans is actually lower than on other platforms.
|
|
|
|
Post by GentlemansFamilyFinances on Nov 15, 2021 18:44:59 GMT
On due diligence, the filter on Abundance can seem to be a bit too fine, whereas on other P2P sites (FC for example) they seemed all too happy to lend out and lose other people's money.
|
|
|
|
Post by GentlemansFamilyFinances on Nov 16, 2021 18:11:29 GMT
Loan filled now.
£3m in total.
I didn't see how fast it went but you could.still invest this morning.
We will see what comes next.
|
|
