Ukmikk
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Post by Ukmikk on Mar 28, 2023 9:02:36 GMT
Do you have any idea what proportion of your overall investment these remaining zombies represent? I'm in withdrawal mode and I'm wondering what I'm likely to be left with stuck on the platform. Cheers. 7.5% by value, but I don't know how relevant to your portfolio. Understood, but gives me an idea. Thanks.
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Post by Ace on Jun 13, 2023 9:08:34 GMT
I see that the number of investors in each loan has been removed from all entries in the Projects page. I think that's a shame. I like to see this to see how popular the platform is, and how popular individual loans are. Hopefully, it's just another accidental error that will get fixed.
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Post by overthehill on Jun 13, 2023 10:05:50 GMT
I see that the number of investors in each loan has been removed from all entries in the Projects page. I think that's a shame. I like to see this to see how popular the platform is, and how popular individual loans are. Hopefully, it's just another accidental error that will get fixed.
Total transparency to selective transparency? Keep a close watch on these 2 stats if you're betting your shirt on CP.
2015 2016 2017 2018 2019 2020 2021 2022 2023 (YTD)
Lent £2,288,000 £4,026,000 £4,403,000 £15,217,401 £28,345,517 £51,938,837 £71,101,992 £95,720,801 £47,732,529
Cap Paid Back £2,287,500 £4,026,000 £4,403,000 £14,855,530 £26,820,513 £46,398,512 £52,311,172 £23,237,489 £739,090
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Post by Ace on Jun 13, 2023 12:49:53 GMT
I see that the number of investors in each loan has been removed from all entries in the Projects page. I think that's a shame. I like to see this to see how popular the platform is, and how popular individual loans are. Hopefully, it's just another accidental error that will get fixed. Total transparency to selective transparency? Keep a close watch on these 2 stats if you're betting your shirt on CP.
2015 2016 2017 2018 2019 2020 2021 2022 2023 (YTD)
Lent £2,288,000 £4,026,000 £4,403,000 £15,217,401 £28,345,517 £51,938,837 £71,101,992 £95,720,801 £47,732,529
Cap Paid Back £2,287,500 £4,026,000 £4,403,000 £14,855,530 £26,820,513 £46,398,512 £52,311,172 £23,237,489 £739,090
I'm a big fan of CP in general, but haven't bet my shirt on them. Some minor undergarments maybe, but not my shirt. CP are my third largest platform, but still only represent 10% of my total P2P portfolio. I do try to keep an eye on most of their stats to check for patterns of concern. I don't see anything to worry about in the ones you've highlighted. I accept that a high proportion of CP loans overrun. They have a good record of recoveries so far. In fact a perfect record so far, though it's well known that there will be some losses to come. I expect that the extra 2% paid to lenders during the overruns will go a long way towards cancelling out any losses in well diversified portfolios. I'm not expecting my long term returns to drop below 7.5%pa while rates are in the 8% to 9% range. I often see one star reviews on Trustpilot from people who have invested in a couple of loans that have overrun. It's clear that many haven't a clue what they've invested in or what they should expect from development loans. Reviews could get very bad once some losses crystallise. Much more needs to be done on the education front, especially on the importance of diversification in these types of loan. Mike produced some excellent stats to show the likely impact of expected losses during his last fundraising campaign. It's a shame he doesn't update them on a quarterly basis. If I can summon the energy I might write to them to ask why the number of investors in each loan has been removed, along with a few other niggles on the platform that never seem to get sorted. I can't believe they still haven't implemented a solution for linking updates to loans! The trouble is that they either don't bother to reply, or they just say "thanks for letting us know, we'll pass it on to..." and nothing gets done, so I've largely given up bothering. Rant over.
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morris
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Post by morris on Jun 15, 2023 16:17:53 GMT
I also see that updates to loans are now available by clicking on the loan, under the loan portfolio section. I don't know how long this has been available but is a very useful addition.
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Post by Ace on Jun 15, 2023 16:26:01 GMT
I also see that updates to loans are now available by clicking on the loan, under the loan portfolio section. I don't know how long this has been available but is a very useful addition. Wow, I missed that too. Well done CP, at last, but why the heck haven't you told us about it.
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firedog
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Post by firedog on Jun 15, 2023 18:53:08 GMT
I also see that updates to loans are now available by clicking on the loan, under the loan portfolio section. I don't know how long this has been available but is a very useful addition. Wow, I missed that too. Well done CP, at last, but why the heck haven't you told us about it. Just got an email about it: seems to work too. About time!
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Post by overthehill on Jun 15, 2023 18:58:42 GMT
Wow, I missed that too. Well done CP, at last, but why the heck haven't you told us about it. Just got an email about it: seems to work too. About time!
Crowdproperty are avid silent readers of the forum as has been noticed before!
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Post by Ace on Jun 15, 2023 19:28:04 GMT
Just got an email about it: seems to work too. About time!
Crowdproperty are avid silent readers of the forum as has been noticed before!
I remember the good old days when they used to engage (can't find a misty-eyed emoji).
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Post by Ace on Jun 19, 2023 13:01:38 GMT
I see that the number of investors in each loan has been removed from all entries in the Projects page. I think that's a shame. I like to see this to see how popular the platform is, and how popular individual loans are. Hopefully, it's just another accidental error that will get fixed. CP have confirmed that this wasn't an accident. They didn't explain why in any meaningful way, or address how this chimes with their stated commitment to transparency. They just waffled about the fact that other stats are available, which doesn't go any way to explain why a statistic that lenders valued was removed. I really do despair at how a platform that does the hard stuff so well repeatedly shoot themselves in the foot over the easy stuff. They seem to be incapable of looking at their offering from a lender's viewpoint.
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
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Post by sussexpeer on Jun 21, 2023 19:36:59 GMT
I see that the number of investors in each loan has been removed from all entries in the Projects page. I think that's a shame. I like to see this to see how popular the platform is, and how popular individual loans are. Hopefully, it's just another accidental error that will get fixed. CP have confirmed that this wasn't an accident. They didn't explain why in any meaningful way, or address how this chimes with their stated commitment to transparency. They just waffled about the fact that other stats are available, which doesn't go any way to explain why a statistic that lenders valued was removed. I really do despair at how a platform that does the hard stuff so well repeatedly shoot themselves in the foot over the easy stuff. They seem to be incapable of looking at their offering from a lender's viewpoint. Yeah Ace that's a shame about the missing "number of investors" stat being deliberate. I like CP a lot, and for a couple of years they've had the biggest share of my P2P investments. But it's disappointing that they've been evasive when answering your perfectly legitimate question. Kinda grates on me.
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Post by Ace on Jun 21, 2023 20:44:47 GMT
CP have confirmed that this wasn't an accident. They didn't explain why in any meaningful way, or address how this chimes with their stated commitment to transparency. They just waffled about the fact that other stats are available, which doesn't go any way to explain why a statistic that lenders valued was removed. I really do despair at how a platform that does the hard stuff so well repeatedly shoot themselves in the foot over the easy stuff. They seem to be incapable of looking at their offering from a lender's viewpoint. Yeah Ace that's a shame about the missing "number of investors" stat being deliberate. I like CP a lot, and for a couple of years they've had the biggest share of my P2P investments. But it's disappointing that they've been evasive when answering your perfectly legitimate question. Kinda grates on me. Yes, it grates with me too. Why remove a useful stat that was already implemented and working? It must be more effort to remove it that leave it alone, so they must have a reason. If they won't say what that reason is, one can only assume that it's a reason we won't like. I can't imagine what that is. And to remove it without comment, presumably in the hope that we wouldn't notice. Clearly against their stated policy of transparency. And they still haven't addressed the issues regarding the inconsistency of the dashboard stats that were raised in this thread and which I wrote to them in detail about. Just a vague promise to look into it. Never any feedback as to whether they have or what they concluded So frustrating. Their investor relations really are quite poor. They don't give me any impression that there's any truth in their claim in every email that they welcome feedback. As usual, I should temper this with my belief that CP is a very sound investment, which is by far the most important aspect. And one which I value greatly, but why not address the low hanging fruit?
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firedog
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Post by firedog on Jun 22, 2023 7:51:02 GMT
I don't know if I ever found that particular stat useful. Not reliable, certainly – I remember a couple of years ago when the stated number of investors in projects seemed to double overnight, and I remain curious if they count investors or investments: I have a few loans automatically invested in both standard and ISA accounts. I'm probably counted twice.
Even if I did consider the figures accurate, a fall in numbers wouldn't influence me much, especially when they have institutional backing. I mean, I have nester investments shared with 26 others, and I imagine most CapitalStackers loans are spread among a few dozen people at most.
In fact, the single troubling thing about this move is the absence of explanation. It makes you think that maybe investor numbers are falling and they fear that this might be interpreted as a lack of confidence in the platform. If so, it strikes me as ironic – nothing lowers confidence more than obfuscation!
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Post by Ace on Jun 22, 2023 8:04:51 GMT
I don't know if I ever found that particular stat useful. Not reliable, certainly – I remember a couple of years ago when the stated number of investors in projects seemed to double overnight, and I remain curious if they count investors or investments: I have a few loans automatically invested in both standard and ISA accounts. I'm probably counted twice. Even if I did consider the figures accurate, a fall in numbers wouldn't influence me much, especially when they have institutional backing. I mean, I have nester investments shared with 26 others, and I imagine most CapitalStackers loans are spread among a few dozen people at most. In fact, the single troubling thing about this move is the absence of explanation. It makes you think that maybe investor numbers are falling and they fear that this might be interpreted as a lack of confidence in the platform. If so, it strikes me as ironic – nothing lowers confidence more than obfuscation! I completely agree. Your last paragraph is the important bit. I did use the stats to predict roughly how much I was likely to be auto allocated to next loan. This influenced my decision on how to position cash in the various wallets, and whether to go for a manual allocation. This is less of an issue now that there's plenty of availability in most loans, so the decision can now be made post auto allocation, but this may not always be the case.
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