m2btj
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Post by m2btj on Apr 6, 2022 10:27:33 GMT
Laurence at Financial Thing has arranged a Q&A with Stuart this Thursday, on his Financial Thing, You Tube channel. Should provide a perfect opportunity for anyone to ask Stuart questions.
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ashtondav
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Post by ashtondav on Apr 6, 2022 13:37:41 GMT
Is he still “welcoming” ex zopoids. He made a public display of wanting them on board in December, but for four months there’s not been a nibble in the access accounts. So is he going to do a FC and ditch the retail punter?
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m2btj
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Post by m2btj on Apr 6, 2022 13:46:08 GMT
Is he still “welcoming” ex zopoids. He made a public display of wanting them on board in December, but for four months there’s not been a nibble in the access accounts. So is he going to do a FC and ditch the retail punter? Here's your chance to ask him!
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Post by Ace on Apr 6, 2022 14:01:47 GMT
Is he still “welcoming” ex zopoids. He made a public display of wanting them on board in December, but for four months there’s not been a nibble in the access accounts. So is he going to do a FC and ditch the retail punter? Here's your chance to ask him! From his recent reply on seedrs, it was obvious that he wasn't even aware that the access accounts were still constipated.
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Post by overthehill on Apr 6, 2022 14:43:30 GMT
Here's your chance to ask him! From his recent reply on seedrs, it was obvious that he wasn't even aware that the access accounts were still constipated.
How many of their recent government backed loans, unable to refinance or repay, are going to end up in retail AC access accounts? Larger amounts and higher LTVs due to unpaid interest but lower investor rates. Canny business.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 6, 2022 15:39:36 GMT
From his recent reply on seedrs, it was obvious that he wasn't even aware that the access accounts were still constipated.
How many of their recent government backed loans, unable to refinance or repay, are going to end up in retail AC access accounts? Larger amounts and higher LTVs due to unpaid interest but lower investor rates. Canny business.
Pre arm Laurence with questions www.facebook.com/financialthing.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 6, 2022 17:07:29 GMT
Here's your chance to ask him! From his recent reply on seedrs, it was obvious that he wasn't even aware that the access accounts were still constipated. I suspect he isn't aware of how error prone some of his staff are either.
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Post by capricorn on Apr 7, 2022 13:07:53 GMT
Thanks for flagging up the live stream m2btj. Is the timing significant with the start of the new financial year I wonder? Surely not a play for investors' new ISA allowances at a time when it is nigh on impossible to invest significant amounts of money on the platform either in access or MLA! Maybe he wants to draw attention to AC's sister company AE of which he is also a director and which is in the process of scaling up very significantly. We'll see.
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m2btj
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Post by m2btj on Apr 7, 2022 18:38:02 GMT
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firedog
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Post by firedog on Apr 7, 2022 20:02:56 GMT
Answered a question comparing Loanpad to Assetz by waffling on about comparative risk (not the hill I'd die on when talking about Loanpad) and then going on about the volatility of the Russian stock market. His argument about lowered rates because of lowered risk didn't make sense to me either. There have been far more impressive interviewees recently.
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agent69
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Post by agent69 on Apr 7, 2022 20:12:49 GMT
Answered a question comparing Loanpad to Assetz by waffling on about comparative risk (not the hill I'd die on when talking about Loanpad) and then going on about the volatility of the Russian stock market. His argument about lowered rates because of lowered risk didn't make sense to me either. There have been far more impressive interviewees recently. His original position was that loans were only refinanced at a lower rate if the risk was reduced. Several people posted comments challenging this and he started waffling about the risk assessment method having changed over time (which didn't make any sense).
Would have been good if somebody had asked what % of assets sold to pay off defaulted loans failed to meet the valuation in the loan documentatios
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Post by Ton ⓉⓞⓃ on Apr 7, 2022 21:00:17 GMT
Just watching the playback - How were questions asked, there's nothing in the Comments when I check, it says, " 0 Comments "
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 7, 2022 21:01:30 GMT
Just watching the playback - How were questions asked, there's nothing in the Comments when I check, it says, " 0 Comments " Via chat but for some reason it isnt showing on playback
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p2pfan
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Post by p2pfan on Apr 7, 2022 21:39:12 GMT
Agree with all of the above feedback.
Stuart Law has got one massive ego and was often waffling on about nonsense that had little relationship to the question. For instance, he didn't answer why interest rates offered to lenders have crashed to the extent they have (the reality being higher profits for AC and higher salaries for their staff).
In other places he was telling blatant untruths e.g. he stated only a very small ratio of new Manual Lending loans paid 5% whereas the reality is the majority do.
Sadly these interviews are usually little more than Public Relations fluff pieces. The interviewees are not held to account and left to hype themselves up.
It's only when the head honchos' companies crash and burn that most people see through the hype e.g. the adulatory "everything-is-running-perfectly" interviews with Frazer Fearnhead of The House Crowd one can still enjoy on Youtube.
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Post by capricorn on Apr 7, 2022 22:50:02 GMT
I'm at a loss to see what Stuart hoped to achieve by giving this interview which wasn't his finest hour. The platform is awash with money so he can't be looking for more investors. I found it pretty uninformative and, as others have said, there was no recognition of what we are all seeing in the loans currently coming out the pipeline in terms of rates and risks. My takeaways - AC want to have a queue of about a month to get into the access accounts in future so they can be sure there is investor cash ready to fund new loans and the odd decreases in Capital Valuations of only 1 or 2 percent that always puzzle me seem to be a response to tightening FCA regulations relating to secondary markets rather than credit events of any significance. Personally I'm willing to accept his assertion that things will get better, it's just taking a whole lot longer than I expected based on the e-mails from AC over the last year.
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