ag120
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Post by ag120 on Feb 25, 2015 22:13:28 GMT
I had an email earlier this evening for a drinks reception in London with the directors. I'd have been delighted if the invitation wasn't for tomorrow night and I live several hundred miles away! Anyone else get an invitation? Was I invited at the last minute to make up the numbers?!  |
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Post by mrclondon on Feb 25, 2015 22:42:15 GMT
Yes I also received the invite a short time ago - the first I'd heard about it. Kind of implies that people with my size of investment with them (5 figures) are regarded as makeweights. Can't really think that anything they say would persuade me to increase my investment (or indeed re-invest on maturity) given the two drops in rates since I last invested.
So not planning to go despite it being only a short distance from my office in the West End.
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Post by bobthebuilder on Feb 26, 2015 6:05:29 GMT
I don't think having "only" a five figure investment with them makes you a makeweight - that's all I have too. I first learned of this drinks offer from a newsletter they e-mailed me on 4/12/14, and they seemed so incredulous that I expressed an interest in going that I had to confirm it twice! I see it as much as anything as an opportunity to give them some feedback, which from my point of view is generally not positive. The rate reductions are certainly one reason why I think it highly unlikely I will be rolling over my loans when the last of them matures in about a year's time, let alone adding to them, but perhaps their presentation will be so impressive that I'll immediately want to double my investment . Somehow I doubt it though. |
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justsaying
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Post by justsaying on Feb 26, 2015 9:36:40 GMT
I too got the invite yesterday and am a five figure make weight.......  I can't make i to the drinks but would be grateful for any useful info gleaned. I agree on the rate drops but do currently use them for diversification purposes |
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webwiz
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Post by webwiz on Feb 26, 2015 10:46:14 GMT
Their growth rate is amazing considering the low rates on offer, not sufficiently higher than FSCS investments to justify the risk IMHO. Their loan book was £50 million last July, £100 million in Oct and over £150 million now, so growing at £200 miilion pa. There is not much chance of a rate increase while this volume of money pours in.
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bigfoot12
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Post by bigfoot12 on Feb 26, 2015 19:56:00 GMT
I saw it in the December newsletter too. Maybe the others opted out of the newsletter? (I forgot about it and when I saw the email yesterday it was too late for me.)
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elgerod
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Post by elgerod on Feb 27, 2015 15:00:39 GMT
I'm another one who received an invitation at short notice but, being abroad at the moment, I couldn't attend. Perhaps someone who was able to go can give us a brief summary of how the evening went and what was said. Thanks in advance!
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I can't make i to the drinks but would be grateful for any useful info gleaned. I agree on the rate drops but do currently use them for diversification purposes