shimself
Member of DD Central
Posts: 2,563 
Likes: 1,171
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Post by shimself on Oct 24, 2016 10:39:02 GMT
Um the €uro was worth less then than it is now so surely the return is higher in GBP than EUR
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james
Posts: 2,205
Likes: 955
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Post by james on Oct 24, 2016 12:34:39 GMT
Um the €uro was worth less then than it is now so surely the return is higher in GBP than EUR When is "then"? I paid in money over about two years and have so far withdrawn over about another two. Exchange rates on the way in were from 1.18 to 1.25. On the way out 1.44 to 1.27 with just the last one at 1.17. So you can see that I paid more Pounds per Euro on the way in than I got on the way out. I've withdrawn about as much as I paid in. The amount still invested in Euros in loans that are "current" is about a quarter of the amount paid in in Euros. Still quite a bit of interest to pay and about 40% of that amount in defaulted loans but it's unlikely that the Pound will drop enough for the amounts remaining to get even back to neutral.
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james
Posts: 2,205
Likes: 955
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Post by james on Oct 24, 2016 12:45:18 GMT
You can do better than BondPicking suggests. Don't try to sell quickly. You can sell to people who may only look at the secondary market once every two weeks at a better price than to a computer which checks ever minute. If a loan doesn't sell after a few weeks, try a slightly less good price.
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Post by kilozulu on Oct 24, 2016 19:55:26 GMT
Tried this approach during last 2 months, something went at 75% but real movement started only at 80% discount. Maybe many people leaving Bondora has pushed up the discounts or smth.
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Post by coolrunning on Jul 21, 2017 9:40:21 GMT
An excerpt from Bondora's latest blog post:
Recovery rates 2017 Quarter 1
Estonia 52%
Finland 55%
Spain 24%
Slovakia 9%
Does anyone see these returns (even using Bondora's definitions) on their defaults?
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Post by Butch Cassidy on Jul 21, 2017 9:53:00 GMT
An excerpt from Bondora's latest blog post: Recovery rates 2017 Quarter 1 Estonia 52% Finland 55% Spain 24% Slovakia 9% Does anyone see these returns (even using Bondora's definitions) on their defaults? Come on Father Xmas, Easter Bunny, Tooth Fairy & lots of other fairy stories make interesting reading but are PURE FICTION. What I can report is a decent recovery on a small E1000 Estonian loan (BO493479), after 12 months of non payments, for each E10 slice a payment of E5.94 was made HOWEVER I was credited E2.11 & DCA got E3.83, again was signed before any DCA deductions were imposed & I never would have agreed to such a large % loss on recovery.
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Post by oktaeder on Jul 21, 2017 14:33:10 GMT
From my personal bonora page (using their calculation)
EE 30% (unchanged the last 4 Q)
ES 10% (dropped shaply)
FI 25% (goin' up and down 10-35)
SK nothing (last was 16/1)
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Post by nellerdk on Jul 24, 2017 12:36:29 GMT
An excerpt from Bondora's latest blog post: Recovery rates 2017 Quarter 1 Estonia 52% Finland 55% Spain 24% Slovakia 9% Does anyone see these returns (even using Bondora's definitions) on their defaults? what periods are this calculated for? I mean are the money recovered after for example 1 or 2 years?
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Post by rahafoorum on Jul 27, 2017 13:31:24 GMT
The recovery seems to be calculated on recovered "expected cash flow". In short, if one of those 200%+ interest rate loans defaulted, it probably had something like €5 principal payment for month 1, another €5 for month 2 etc (random figures). So if in month 3 this loans recovers a whopping €30 out of let's say €1000 that defaulted, the recovery rate jumps up to €30 / €10 = 300%!! Of course, if nothing else recovers from this loan, then within a few years time the recovery will drop to practically zero for this loan (€30 / €1000 = 3%), but thankfully there'll be fresh defaulted loans and some recoveries during that time to help keep the figures up. Edit: You can see that recovery principle in action, if you put their each month results on a timeline like I did here. This is probably the only recovery calculation methodology in the world where a recovery rate for exactly the same loan can drop in time without any additional transactions taking place. rahafoorum.ee/en/stats-according-bondora/ |
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fric
Member of DD Central
Posts: 200
Likes: 80
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Post by fric on Sept 26, 2017 6:56:41 GMT
I have since June observed higher recovery (in pure EUR that is). Is it only me or just a coincidence? There could be many factors at stake here, or just timing (certain time passing since defaults etc.), I haven't done an in-depth analysis into reasons.
6,31
5,95
7,29
5,32
7,95
12,72
10,95
14,66
20,1
These are the received principal payments from loans in default from January to September. Looking more closely it seemed last year the summer was better for repayments from defaults as well.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Sept 26, 2017 7:36:31 GMT
I have 627 Bondora loans defaulted. Only 219 have made even the smallest payment since the 1st of June. Most of these are not recent defaults.
Even though I have made no new investments since the beginning of last year the additional defaults each month are similar to the recovery amounts during the month, so the default total figure is no longer increasing, but has steadied at over €8,500,
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Post by coolrunning on Sept 26, 2017 17:14:21 GMT
I feel that repayments may be a little higher starting from about May 2017.
Since June 1st:
77 defaults (out of 323) have made some payment, maybe just 0.01
78 euro principal received, 219 planned
This was mainly due to an exceptional August, 54 due, 54 received.
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Post by nellerdk on Sept 28, 2017 10:02:49 GMT
from my personal experience, Bondora's recovery rates are horribly bad.
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Post by oktaeder on Oct 2, 2017 16:40:52 GMT
from my personal experience, Bondora's recovery rates are horribly bad. I don't think so. Recovering is allways rather hard and needs a lot of time. I have a very big part of defaulted loans (but I did buy red loans with a big discount too) and so far I got more than 10k including 1k interests from defaulted loans. Correct, the spanish are paying very poorly.
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jay
Posts: 46
Likes: 18
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Post by jay on Oct 17, 2017 16:42:39 GMT
An excerpt from Bondora's latest blog post: Recovery rates 2017 Quarter 1 Estonia 52% Finland 55% Spain 24% Slovakia 9% Does anyone see these returns (even using Bondora's definitions) on their defaults? Its closer to the reality i guess, recovery is still a lot worse for me, spain and slovakia is almost 0%.
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