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Post by Ace on Oct 30, 2021 14:06:59 GMT
This new loan has just been made publicly available.
Projected net return 11.75% (so XIRR of ~ 23.5%)
Max £50,000
Term 36 months
Fully amortising
Eligible for QBoost (minimum of £100 bonus)
Already 83% funded (mostly by Q First priority members). It won't be long before it's fully funded.
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Post by Ace on Oct 30, 2021 14:54:24 GMT
Now fully funded.
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Post by Ace on Oct 30, 2021 15:02:43 GMT
It will be interesting to see how they handle the QFirst and QBoost bonuses. It's already over funded by £200 before any bonuses have been allocated 🤔
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dave4
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Post by dave4 on Oct 30, 2021 16:53:54 GMT
This new loan has just been made publicly available. Projected net return 11.75% (so XIRR of ~ 23.5%) Max £50,000 Term 36 months Fully amortising Eligible for QBoost (minimum of £100 bonus) Already 83% funded (mostly by Q First priority members). It won't be long before it's fully funded. Pleasing to have a new borrower and a new sector for diversification.
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Post by df on Oct 30, 2021 17:12:16 GMT
That was disappointing. I'm only in two loans and was hoping to expand my Q portfolio, I was only 3 hours late for the party. I wonder why it was gone so quickly, previous 3 loans took about 3 weeks to fill.
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Post by Ace on Oct 30, 2021 17:21:06 GMT
That was disappointing. I'm only in two loans and was hoping to expand my Q portfolio, I was only 3 hours late for the party. I wonder why it was gone so quickly, previous 3 loans took about 3 weeks to fill. Of the last two loans: one was 60% bigger (RP), and the other was a second tranche (ZM) so also much bigger if you combine the two tranches. This is coupled with the increasing platform popularity, and a fairly large gap since the last loan, so those of us in many loans there have had considerable amortisation payments since then.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Oct 30, 2021 17:27:53 GMT
That was disappointing. I'm only in two loans and was hoping to expand my Q portfolio, I was only 3 hours late for the party. I wonder why it was gone so quickly, previous 3 loans took about 3 weeks to fill. Well i suppose its Quite a small loan so filled quickly df , coupled with 1. Returns] rate + Boosts is excellent and one of the highest around. 2. Platform record so far is pretty much excellent."fingers crossed" 3. Diversification of lenders, and sector "previous have been drugs, weather, dentists ""which sounds like topics of good moan on a bus to a stranger type conversation"". 4. Quality it appears is par with other platforms unsecured offerings "Do your own DD obviously". 5. Lender base expanding ? or lenders with bigger £££ (or both). (crossed with Ace excellent worded reply)
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Post by overthehill on Oct 30, 2021 18:02:22 GMT
That was disappointing. I'm only in two loans and was hoping to expand my Q portfolio, I was only 3 hours late for the party. I wonder why it was gone so quickly, previous 3 loans took about 3 weeks to fill. Of the last two loans: one was 60% bigger (RP), and the other was a second tranche (ZM) so also much bigger if you combine the two tranches. This is coupled with the increasing platform popularity, and a fairly large gap since the last loan, so those of us in many loans there have had considerable amortisation payments since then.
I didn't realise the loan structure was going to be so complicated and wasn't going to try and ingest it today so I abstained. Can anyone explain whether there will actually be any corp tax liability and if the market price of the metals at the start and end of the loan matter?
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Post by Ace on Oct 30, 2021 18:20:55 GMT
Of the last two loans: one was 60% bigger (RP), and the other was a second tranche (ZM) so also much bigger if you combine the two tranches. This is coupled with the increasing platform popularity, and a fairly large gap since the last loan, so those of us in many loans there have had considerable amortisation payments since then.
I didn't realise the loan structure was going to be so complicated and wasn't going to try and ingest it today so I abstained. Can anyone explain whether there will actually be any corp tax liability and if the market price of the metals at the start and end of the loan matter?
The 11.75% net return is post corporation tax (15% gross pre corporation tax). The commodity prices at the start and end of the loan are not relevant as they are bought then sold immediately.
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Post by birdie on Oct 31, 2021 9:43:25 GMT
It was already funded by £43,700 when I got the e-mail, luckily got in before it closed.
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Post by Ace on Oct 31, 2021 11:56:26 GMT
It was already funded by £43,700 when I got the e-mail, luckily got in before it closed. Yes, a large chunk was funded by QFirst members, who were informed 1 day before the public announcement.
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Post by Ace on Nov 1, 2021 12:10:10 GMT
My QFirst bonus has now been added to my investment, without any increase in the total amount funded. So, presumably, the bonuses had already been accounted for in the funded total.
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Post by Ace on Nov 1, 2021 21:11:49 GMT
The total funded has risen from £50,200 to £50,800. So my last post may have been premature.
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dave4
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Post by dave4 on Nov 1, 2021 21:23:20 GMT
Watching with interest.
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Post by Ace on Nov 2, 2021 18:48:17 GMT
Now down to £50,600.
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