jo
Member of DD Central
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Post by jo on Jan 29, 2016 16:41:45 GMT
Remember the Technology crash at the turn of the century?
Companies focused overmuch on innovation and not enough on income streams.
A lot of the technology research formed the basis for the revolution today but the companies who survived mostly had new management and owners (who bought for a song).
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Post by westonkevRS on Jan 29, 2016 17:33:05 GMT
Fair enough and I am willing and hope this is true. I can only read the P and L statements as I see them from companies house which show large losses by all the big firms. I am willing to accept that this is a complex business structure though and financial statements are unlikely to be easy to digest or particularly transparent. RateSetter has been net profitable the last 2 years. Although we probably wont be for 2016 due to moving costs and a few other growing costs. But will be back in the black (all being to forecast) the year after. Kevin.
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jaswells
Member of DD Central
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Post by jaswells on Jan 29, 2016 22:17:35 GMT
I am sure ratesetter have made a profit for the last two years, but their method of accounting, as with the other P2P platforms results in a trading account showing a loss around the 1 million mark. Whilst the improved transparency of company accounts is wellome by investors, it can cause confusion as it is all we have to go on when trying to answer the toughest question of all:
What is the likelihood of the P2P platform failing due to excessive losses and me losing my investment?
When and if a platform can show ongoing profit growth (maybe in going public) this will be the moment investor confidence surges and their market position consolidated.
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webwiz
Posts: 1,133
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Post by webwiz on Jan 29, 2016 23:06:27 GMT
ISTM that the last thing we want is any increase in investor confidence. Demand exceeds supply so that it is difficult to get any money invested. What we need is more doom amd gloom mongering and a lot of investors taking fright and running off to FSCS accounts.
Doomed , we're all doomed I say.
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ders
Posts: 15
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Post by ders on Feb 9, 2016 19:54:06 GMT
My P2P distribution Company Percentage Wellesley & Co 0.00% Saving Stream 39.37% Funding Secure 2.95% Lending Crowd 1.21% Funding Knight 2.79% Funding Empire 1.55% Ablrate 0.75% Money Thing 32.50% Assetz Capital 8.35% Funding Circle 0.01% Lend invest 10.53% What kind of return they produce? Very interesting. that is may be first time I see so rich selection of platforms. Do you use autoinvest on all platforms?
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