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Post by simona7 on Dec 2, 2016 14:01:16 GMT
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shimself
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Post by shimself on Dec 2, 2016 20:34:07 GMT
At first sight you look like Mintos Twino (both in Latvia as you are) or Bondora (Estonia). What makes you better?
How well capitalised are you - why should we trust the buyback?
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Post by simona7 on Dec 5, 2016 10:05:49 GMT
VIAINVEST is a part of VIA SMS Group - finance company operating across Europe for more than 8 years. VIA SMS Group has diversified product portfolio that also ensures diversified income stream. For example, VIA SMS Group has issued company bonds (http://viasmsobligacijas.lv/en/), offers various saving products (e.g. www.viaspar.se/web/ in Sweden), short-term consumer loans as well as payment card SAVA.card in Latvia (https://www.savacard.lv/). This means that VIA SMS Group and VIAINVEST is not dependent on the income generated only by the P2P platform. To get an insight into our numbers, please visit VIAINVEST web page section COMPANY (https://viainvest.com/company/our-numbers). If we speak about the benefits for investors, the most important one is that all loans listed on VIAINVEST are secured with a Buyback Guarantee. We do not offer long term loans, so investors can be sure that funds invested will not be locked for a long time. Of course, VIAINVEST do not charge anything for using the service. Kindest regards, Simona www.viainvest.com+371 66102939 |
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shimself
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Post by shimself on Dec 5, 2016 15:00:24 GMT
VIAINVEST is a part of VIA SMS Group - finance company operating across Europe for more than 8 years. VIA SMS Group has diversified product portfolio that also ensures diversified income stream. For example, VIA SMS Group has issued company bonds (http://viasmsobligacijas.lv/en/), offers various saving products (e.g. www.viaspar.se/web/ in Sweden), short-term consumer loans as well as payment card SAVA.card in Latvia (https://www.savacard.lv/). This means that VIA SMS Group and VIAINVEST is not dependent on the income generated only by the P2P platform. To get an insight into our numbers, please visit VIAINVEST web page section COMPANY (https://viainvest.com/company/our-numbers). If we speak about the benefits for investors, the most important one is that all loans listed on VIAINVEST are secured with a Buyback Guarantee. We do not offer long term loans, so investors can be sure that funds invested will not be locked for a long time. Of course, VIAINVEST do not charge anything for using the service. Kindest regards, Simona www.viainvest.com+371 66102939 Good points thank you Looking at your numbers: 1 1M registered customers, 288M loans. Is this 288M € ? 2 revenue up 56% between 2012 and 2016, but net portfolio up 20%. Please explain 3 revenue up 56% between 2012 and 2016, but growth in 2016 expected 23%, which appears to suggest things have been going comparatively slowly 2012-5, is that right? 4 I don't understand loan returning rate 75%, pls explain 5 Also how much are the borrowers paying please? 6 How long have you been operating in CZ? 7 What can you tell us about your default rates in CZ? 8 Which company in the group makes the guarantee?
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Post by simona7 on Dec 6, 2016 8:18:05 GMT
Thank you for your questions! All numbers referring to our business are stated in EUR. This year we expect higher growth within the VIA SMS Group companies as in 2016 group has launched several new products - SAVA.card, VIA SPAR, and VIA KREDIT. Net portfolio mainly refers to the loans issued, as this traditionally has been the main business of the company. By the loan returning rate, we understand retention rate. About the Czech Republic - we operate there since 2010. As an investor you should not be concerned about default rates as all loans listed are secured with a Buyback Guarantee and these rates does not affect investors' income. The Buyback Guarantee is given at a particular loan level and refers to the obligations the loan originator has towards the investor. I hope I gave proper answers to your questions! Kindest regards, Simona www.viainvest.com+371 66102939 |
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Post by buttchopf23 on Dec 6, 2016 9:40:33 GMT
As an investor you should not be concerned about default rates as all loans listed are secured with a Buyback Guarantee and these rates does not affect investors' income. for real? what if the Default rate is so high and the recovery rate so low, that eventually the loan originator Defaults? A guarantee is only as good as the warranter. So the buyback relies on the financial health of the loan originator and the originator's health relies on not to high Defaults and good recoveries.
btw: I sent an Email to your info adress on Sunday, no reaction until now.
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Maestro
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Post by Maestro on Dec 6, 2016 10:04:57 GMT
Thank you for your questions! All numbers referring to our business are stated in EUR. This year we expect higher growth within the VIA SMS Group companies as in 2016 group has launched several new products - SAVA.card, VIA SPAR, and VIA KREDIT. Net portfolio mainly refers to the loans issued, as this traditionally has been the main business of the company. By the loan returning rate, we understand retention rate. About the Czech Republic - we operate there since 2010. As an investor you should not be concerned about default rates as all loans listed are secured with a Buyback Guarantee and these rates does not affect investors' income. The Buyback Guarantee is given at a particular loan level and refers to the obligations the loan originator has towards the investor. I hope I gave proper answers to your questions! Kindest regards, Simona www.viainvest.com+371 66102939 VIA SMS Group Investor relations page hasn't been updated since 2014 (except the news section). Last financial report there is for First half 2014 and even that is not accessible using the link you email after asking for contact details. viasmsgroup.com/en/investorsWhich legal entity is providing the buyback guarantee? I'd like to see last few years financial reports of the legal entity providing this guarantee.
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Post by easteregg on Dec 6, 2016 10:28:11 GMT
Could you explain your relationship with Viventor please?
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Post by simona7 on Dec 6, 2016 12:04:52 GMT
As an investor you should not be concerned about default rates as all loans listed are secured with a Buyback Guarantee and these rates does not affect investors' income. for real? what if the Default rate is so high and the recovery rate so low, that eventually the loan originator Defaults? A guarantee is only as good as the warranter. So the buyback relies on the financial health of the loan originator and the originator's health relies on not to high Defaults and good recoveries.
btw: I sent an Email to your info adress on Sunday, no reaction until now.
VIA SMS Group was able to deliver positive results consistently for several years in a row, given the default rates we have and given the very similar (12.5%) investor rates we paid for bonds. All yearly reports audited by Deloitte including loan loss reserves are available in Nasdaq Riga home page. The underwriting procedures and systems we use are modern and high-end, loan loss provisions are constantly assessed internally and audited by Deloitte; the reserves ensure adequate protection against loan loss. Kindest regards, Simona www.viainvest.com+371 66102939
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Post by simona7 on Dec 6, 2016 12:07:44 GMT
Could you explain your relationship with Viventor please? VIA SMS Group and Viventor are cooperation partners as VIA SMS Group daughter company VIACONTO.se offers it's originated loans for public investment on the Viventor platform. Kindest regards, Simona www.viainvest.com+371 66102939
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Post by buttchopf23 on Dec 6, 2016 12:13:03 GMT
for real? what if the Default rate is so high and the recovery rate so low, that eventually the loan originator Defaults? A guarantee is only as good as the warranter. So the buyback relies on the financial health of the loan originator and the originator's health relies on not to high Defaults and good recoveries.
btw: I sent an Email to your info adress on Sunday, no reaction until now.
VIA SMS Group was able to deliver positive results consistently for several years in a row, given the default rates we have and given the very similar (12.5%) investor rates we paid for bonds. All yearly reports audited by Deloitte including loan loss reserves are available in Nasdaq Riga home page. The underwriting procedures and systems we use are modern and high-end, loan loss provisions are constantly assessed internally and audited by Deloitte; the reserves ensure adequate protection against loan loss. Kindest regards, Simona www.viainvest.com+371 66102939 Simona, this may all be correct, and I believe what you say. What bothers me is the sentence "Investors should not care about Defaults", this is simply not true. Do you guarantee that no Investor will never ever loose Money on your platform?
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Post by simona7 on Dec 6, 2016 12:31:14 GMT
I assume it is correct to say that no operating company or particularly P2P platform can not give "never ever" promises regarding force majeure conditions. VIA SMS Group is keeping a strong position that such situations are very unlikely to happen but in a case of what - the company is well prepared to respond appropriately. Kindest regards, Simona www.viainvest.com+371 66102939 |
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Post by buttchopf23 on Dec 6, 2016 12:32:35 GMT
Thanks, that was my point.
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shimself
Member of DD Central
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Post by shimself on Dec 6, 2016 15:43:56 GMT
Thank you for your questions! All numbers referring to our business are stated in EUR. This year we expect higher growth within the VIA SMS Group companies as in 2016 group has launched several new products - SAVA.card, VIA SPAR, and VIA KREDIT. Net portfolio mainly refers to the loans issued, as this traditionally has been the main business of the company. By the loan returning rate, we understand retention rate. About the Czech Republic - we operate there since 2010. As an investor you should not be concerned about default rates as all loans listed are secured with a Buyback Guarantee and these rates does not affect investors' income. The Buyback Guarantee is given at a particular loan level and refers to the obligations the loan originator has towards the investor. I hope I gave proper answers to your questions! Kindest regards, Simona www.viainvest.com+371 66102939 re q1 the point is your web page doesn't say 288M€ it just says 288M loans I don't understand The Buyback Guarantee is given at a particular loan level and refers to the obligations the loan originator has towards the investor. If you mean that viainvest are giving the guarantee yes I understand that. As the other poster says we want to be able to believe that the guarantee is affordable for you, and we also want to understand your marketplace. p2p is like that, good investors ask a lot of questions.\ Would you mind trying the questions 1 by 1 please.
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shimself
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Post by shimself on Dec 6, 2016 16:31:25 GMT
Looked at your results now. www.nasdaqbaltic.com/upload/reports/vias/2016_q2_en_eur_con_ias.pdf2016q1-2 bad debt provision 34% of turnover with an additional 11% overdue. 2015 26%. crikey You might have heard the biggest payday loan company in UK, Wonga. When government intervened to regulate their business they had terrible problems; the concern is of course that your company might suffer the same problems and in that case you might have to write loans off but no longer have the income to deliver on your guarantee to us.
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