but things for investors here will even under worse case scenarios will never come close to the 81% loss shareholders in FC
we have already had several 100% loss and several losses in excess of this e.g. the Whitehaven farce - will the overall FS return be minus 81% - no but that is hardly something to shout from the roof tops...
There will be a few individual loan losses
interesting position - time will tell - we have already had more than a few- as to the zombie loan book I be will pleased if we have over 50% that come good - personally I am on track for 100% of my remaining loans to go pectorals up...
Ive not reinvested in any new loans for about 18 months and have been drawing withdrawing everything from FS as it matures and Ive got about 30 percent of my original investment back so Im heavily invested in this farce and mostly in old loans.That was before I knew of all the shenanigans and inter connected loans.
Even if I get my original investment back ...which I very much doubt I have lost out on other opportunities that may have come along from elsewhere but you live and learn.So many different points of view on the loan book but if the connected loans pay off then my losses will still be a lot.
Never invested more than I could afford to lose but I kick myself allowing to get sucked into the spin believing and trusting the FCA to regulate the industry properly.Dont think that we will have much sympathy from the general public as they will view us have too much money when in fact many are ordinary pensioners trying to get a bit more than 0.5 interest than the bank is offering.