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Post by GSV3MIaC on Feb 5, 2014 17:44:13 GMT
Is it just me, or do the Net Earnings numbers (and the FC total) on the summary page now COMPLETELY ignore all the losses/defaults? My FC total has gone up in the last 24 hours, despite losses having piled up, and my Annualised Net Return looks significantly higher too!?! Anyone else noticed? can confirm?!
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Post by pepperpot on Feb 5, 2014 17:59:05 GMT
My annualised net return has increased by a healthy 7.5% today, I'm a little sceptical though
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oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
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Post by oldgrumpy on Feb 5, 2014 18:07:35 GMT
No unexpected changes on mine over the last fortnight - still suffering from Breath of Foul Chairs!
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mikeb
Posts: 1,072
Likes: 472
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Post by mikeb on Feb 5, 2014 18:25:18 GMT
No changes, unexpected OR expected  on mine, throughout the day, so I don't know what you're seeing! |
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Post by yorkshireman on Feb 5, 2014 18:26:46 GMT
Is it just me, or do the Net Earnings numbers (and the FC total) on the summary page now COMPLETELY ignore all the losses/defaults? My FC total has gone up in the last 24 hours, despite losses having piled up, and my Annualised Net Return looks significantly higher too!?! Anyone else noticed? can confirm?! It’s all part of the FC “experience” which includes firms seeking loans with £200 nett assets and a poor credit score being given an A+ rating, borrowers which include bent lawyers, assorted crooks and spivs and now unreliable financial details for the life blood of the operation, lenders.
Unbelievable. 
I think that it’s time for lenders to organise a mass withdrawal of funds.
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Post by GSV3MIaC on Feb 5, 2014 18:41:21 GMT
No changes, unexpected OR expected on mine, throughout the day, so I don't know what you're seeing! Ah, maybe you need to have actually had some recent losses, or be waiting for the 75% payout from roofing company or something? Mine definitely went up (and my total is rather more than I actually have in there).
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Post by GSV3MIaC on Feb 5, 2014 18:42:18 GMT
I think that it’s time for lenders to organise a mass withdrawal of funds.
Nice idea, but that requires there to be a number of gullible newbies to unload onto - sadly there's no way to actually give them to FC themselves.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Feb 5, 2014 19:32:56 GMT
[/quote] from Yorkshireman
Unbelievable.
I think that it’s time for lenders to organise a mass withdrawal of funds.
[/quote] Good luck with that. Would you mind waiting to organise that until I have sold mine? |
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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Post by merlin on Feb 5, 2014 19:45:23 GMT
Is it just me, or do the Net Earnings numbers (and the FC total) on the summary page now COMPLETELY ignore all the losses/defaults? My FC total has gone up in the last 24 hours, despite losses having piled up, and my Annualised Net Return looks significantly higher too!?! Anyone else noticed? can confirm?! It’s all part of the FC “experience” which includes firms seeking loans with £200 nett assets and a poor credit score being given an A+ rating, borrowers which include bent lawyers, assorted crooks and spivs and now unreliable financial details for the life blood of the operation, lenders.
Unbelievable.
I think that it’s time for lenders to organise a mass withdrawal of funds.
I thought we had already done that and very believable too!
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Post by mead187 on Feb 5, 2014 23:08:45 GMT
My ANR jumped up by 1.5% today for no apparent reason. Trying to figure it out...
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Post by GSV3MIaC on Feb 6, 2014 9:07:04 GMT
Yep, that's the sort of thing I was talking about.
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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Post by merlin on Feb 6, 2014 10:13:16 GMT
I have a slightly different problem. On the Summary Page there is an entry for all time losses but it bares no resemblance to reality what-so-ever. In fact it only shows about 30% of my actual losses. I really would like to know how they work that out. Perhaps they believe in fairies who will come along one day and pay up or perhaps 70% of the defaults are recoverable some time in the next decade. My only comment as I am sure most other investors on here is GET REAL!
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jimbo
Posts: 234
Likes: 42
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Post by jimbo on Feb 6, 2014 10:56:14 GMT
Strange. Nothing has changed in my summary with these figures. My loss figure is the same as it's always been in recent months. My Gross Yield and EFDNR have risen by a couple of decimals of a percent, but I put this down to the fact I've been lending at higher rates over the last few weeks.
I'm not convinced this is a problem that's affecting everyone. Maybe a change to the application layer has led to somebody double-joining/row duplication in the database for people lending on certain loans. Even talented developers can make these kinds of mistakes. I'm a database-oriented developer (my primary instinct is to protect the integrity of the data and to ensure the database features are utilised to do this for me), and I currently have the privilege to be working with some really talented Grails (Java-based framework) developers. These guys have built a highly scalable and maintainable application in Grails, but bless them, they don't think in terms of the data - their main concern is just that it appears in their application's web pages and it does so quickly, combined with the need to make the web-app pages look beautiful.
Don't know for sure if this is the root cause of what you're experiencing. It's just a guess on my part...
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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Post by merlin on Feb 6, 2014 11:34:42 GMT
Strange. Nothing has changed in my summary with these figures. My loss figure is the same as it's always been in recent months. My Gross Yield and EFDNR have risen by a couple of decimals of a percent, but I put this down to the fact I've been lending at higher rates over the last few weeks. I'm not convinced this is a problem that's affecting everyone. Maybe a change to the application layer has led to somebody double-joining/row duplication in the database for people lending on certain loans. Even talented developers can make these kinds of mistakes. I'm a database-oriented developer (my primary instinct is to protect the integrity of the data and to ensure the database features are utilised to do this for me), and I currently have the privilege to be working with some really talented Grails (Java-based framework) developers. These guys have built a highly scalable and maintainable application in Grails, but bless them, they don't think in terms of the data - their main concern is just that it appears in their application's web pages and it does so quickly, combined with the need to make the web-app pages look beautiful. Don't know for sure if this is the root cause of what you're experiencing. It's just a guess on my part... Thanks for the "heads up" on this but perhaps I did not express myself correctly. My comparison was by taking the Summary figure for losses and comparing it with the "bad debts" listed in the "late/processing section.
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jimbo
Posts: 234
Likes: 42
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Post by jimbo on Feb 6, 2014 11:43:44 GMT
Ah, sorry. I misunderstood. Thanks for clarifying. I will check mine... EDIT: I've just added up all my defaulted/downgraded loans, and the total still tallies with that shown in the Earnings Summary under losses. Checked those shown under "Late/Processing" along with those under "Recent Loan Comments". Guess I'm lucky.  |
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on mine, throughout the day, so I don't know what you're seeing!
