sj
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Post by sj on Aug 29, 2018 18:53:15 GMT
Interesting update today - might be another loan to be made to the borrower. I might even be tempted to invest some more in this loan!
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coop
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Post by coop on Aug 30, 2018 10:55:52 GMT
Interesting update today - might be another loan to be made to the borrower. I might even be tempted to invest some more in this loan! Count me in too! Stock worth £895k in February so will be interesting to see new financials/security for new loan and how big the loan is.
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amwinv
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Post by amwinv on Aug 31, 2018 14:10:32 GMT
Interesting update today - might be another loan to be made to the borrower. I might even be tempted to invest some more in this loan! Count me in too! Stock worth £895k in February so will be interesting to see new financials/security for new loan and how big the loan is. How much does a couple of punnets of grapes cost these days? £5? The bid limit is gonna be ridiculous.
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SteveT
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Post by SteveT on Nov 16, 2018 12:36:37 GMT
Wine tranches all repaying today.
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Post by sirkillalot on Nov 16, 2018 12:42:32 GMT
And already people selling - must be to get a jump start on getting cash for reinvestment
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archie
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Post by archie on Nov 16, 2018 13:03:56 GMT
That's a shame, last we heard they were discussing a third batch of loans.
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Post by spareafewcoppersguv on Nov 16, 2018 15:35:56 GMT
That's a shame, last we heard they were discussing a third batch of loans. It is a shame isn't it? Those we would rather kept going re-pay.....those we would like to see repaid don't.....
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sarahcount
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Post by sarahcount on Nov 16, 2018 16:16:14 GMT
That's a shame, last we heard they were discussing a third batch of loans. It is a shame isn't it? Those we would rather kept going re-pay.....those we would like to see repaid don't..... Inevitable that the good loans repay while the bad ones can't. That's the way of the world.
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elliotn
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Post by elliotn on Nov 16, 2018 16:36:10 GMT
It is a shame isn't it? Those we would rather kept going re-pay.....those we would like to see repaid don't..... Inevitable that the good loans repay while the bad ones can't. That's the way of the world. For me a little surprising given the company was so in the red (ink, not wine ).
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copacetic
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Post by copacetic on Nov 16, 2018 23:34:49 GMT
Inevitable that the good loans repay while the bad ones can't. That's the way of the world. I think 'good loans' that don't repay are actually bad loans by definition! Well done MT though. A British business supported by a p2p loan until more equity investors were confident enough to inject their capital, not to mention a bit over a year of 12% interest for us plus full repayment. No complaints in my book.
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amwinv
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Post by amwinv on Nov 17, 2018 0:10:51 GMT
I guess I wonder.... Why can't these solid businesses stay on MT/p2p but with a lower interest rate to match the lower risk? Roughly how low a % are these other "non p2p/mainstream" avenues they find?
FC manage as low as 1.9%..... or are they considered "mainstream lenders" nowadays?
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nyneil
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Post by nyneil on Nov 17, 2018 0:33:17 GMT
I guess I wonder.... Why can't these solid businesses stay on MT/p2p but with a lower interest rate to match the lower risk? Roughly how low a % are these other "non p2p/mainstream" avenues they find? FC manage as low as 1.9%..... or are they considered "mainstream lenders" nowadays? As you can currently get over 1.8% on an FSCS protected Cash ISA, I can't see there would be much take up for c1.9% p2p.
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r00lish67
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Post by r00lish67 on Nov 17, 2018 0:47:42 GMT
I guess I wonder.... Why can't these solid businesses stay on MT/p2p but with a lower interest rate to match the lower risk? Roughly how low a % are these other "non p2p/mainstream" avenues they find? FC manage as low as 1.9%..... or are they considered "mainstream lenders" nowadays? Glad it has worked out and all, but just because it repaid doesn't mean it was necessarily a solid business. In their last filed accounts on CH (Apr 2017), their net assets were -£394k with their net current assets (i.e. liquid) only just poking above zero at £34k. In the last Q2 2018 quarterly report that MT gave us (Q2 2018) their net profit was not a positive number (I won't be more specific as not in public domain). It wasn't for the previous one either. Don't get me wrong, I think this was a good loan, but more because the security was probably sound. I certainly prefer booze to a half-built tower block. I wouldn't want to punt on the business alone though, at least based on the numbers shared with us or in the public domain.
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amwinv
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Post by amwinv on Nov 17, 2018 0:49:54 GMT
I guess I wonder.... Why can't these solid businesses stay on MT/p2p but with a lower interest rate to match the lower risk? Roughly how low a % are these other "non p2p/mainstream" avenues they find? FC manage as low as 1.9%..... or are they considered "mainstream lenders" nowadays? As you can currently get over 1.8% on an FSCS protected Cash ISA, I can't see there would be much take up for c1.9% p2p. Of course not *that* low on a site like MT. But as I said, FC do give us schleps that rate. 1.9%. On P2P.
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elliotn
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Post by elliotn on Nov 17, 2018 2:08:04 GMT
I guess I wonder.... Why can't these solid businesses stay on MT/p2p but with a lower interest rate to match the lower risk? Roughly how low a % are these other "non p2p/mainstream" avenues they find? FC manage as low as 1.9%..... or are they considered "mainstream lenders" nowadays? This was quite an early stage business. The business and its parent had made significant losses. These are manageable if you have sufficient equity investors lined up willing to accept the considerable risk (they won’t be lending at a lower rate, they will be taking part of the business for their £). I’ve no idea of the price of rotten grapes in a prolonged recovery but for me loss making, early stage co’s are not necessarily the stuff of “solid businesses” for retail, fixed income investors (stating the obvious and crossing with r00lish67). C2F calls similar debt “venture loans” and offers higher rates for the higher risk. At least there is potential upside here for long term equity investors if they manage to take the brand mainstream. The losses made by the small scale pawn shop would worry me more despite being another forum favourite - repayments and diversification seem to provide a sufficient psychological staff but I prefer to see some profits - and whilst I do know the price of 2nd hand iPads...they’re just so unnervingly mobile!
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