ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330 
Likes: 11,549
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Post by ilmoro on Aug 20, 2017 20:58:47 GMT
Have I understood correctly from the video or have I misheard? 3% margin used in the example Liam quoted. £5m profit in the first 6 months unaudited. Current order book £163m. Making more profit than turnover if my maths serves? Neat trick. Whats the secret? Have Lendy got other profitable income streams? Unless business costs were negligible or loans made were nearer say £220m originated in h1 2017 I cant get it to make sense. What am I missing please? Figure plucked from air. Previous example was 6% interest margin + 2% arrangement + 2% exit so made £100k per 1m lend plus any default interest/fees etc. They dont pay rent so no cost there, just salaries and operating costs etc.
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Post by p2plender on Aug 21, 2017 1:31:28 GMT
Must be some serious 'admin' fees at present. Lawyers, big blokes in big suits n all that.  |
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mary
Member of DD Central
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Post by mary on Aug 21, 2017 6:37:22 GMT
Have I understood correctly from the video or have I misheard? 3% margin used in the example Liam quoted. £5m profit in the first 6 months unaudited. Current order book £163m. Making more profit than turnover if my maths serves? Neat trick. Whats the secret? Have Lendy got other profitable income streams? Unless business costs were negligible or loans made were nearer say £220m originated in h1 2017 I cant get it to make sense. What am I missing please? One thing, when a loan is originated 2% is paid to the PF. When that loan is repaid (if no defaults have called on the PF) then the 2% can be taken as additional profit. So until very recently they could take this nice little earner, the accounts for this year will not look as good, but why let that spoil a great story when they not been published yet.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Aug 21, 2017 7:54:59 GMT
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
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Post by stub8535 on Aug 21, 2017 8:09:52 GMT
On top of his endorsement of LendInvest and unnamed platforms that he thinks will not survive it seems he has no concept of the impact his comments may have for his own business in terms of lender money. Maybe he wants to shed retail investors in favour of institutions or bond holders?
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david42
Member of DD Central
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Post by david42 on Aug 21, 2017 9:21:35 GMT
Just in case anyone thinks you are being serious I should point out that this is just an amusing side effect of the strange way p2pfinancenews embeds adverts to its other articles in the middle of the article you are reading.
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registerme
Member of DD Central
Posts: 6,624
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Post by registerme on Aug 21, 2017 9:51:32 GMT
"... the £3M provision fund is our profit". Eh?
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Post by Deleted on Aug 21, 2017 10:06:23 GMT
So I'll start by saying I'm probably crazy ....
but do Liam's mannerisms remind anyone else of Woody Harrelson?? For me it's uncanny, great entertainment!
As I said, probably just me .....
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warn
Member of DD Central
Curmudgeon
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Post by warn on Aug 21, 2017 14:46:06 GMT
So I'll start by saying I'm probably crazy .... but do Liam's mannerisms remind anyone else of Woody Harrelson?? For me it's uncanny, great entertainment! As I said, probably just me ..... , or Natural Born Killers?
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Aug 21, 2017 14:57:45 GMT
So I'll start by saying I'm probably crazy .... but do Liam's mannerisms remind anyone else of Woody Harrelson?? For me it's uncanny, great entertainment! As I said, probably just me ..... , or Natural Born Killers? Planet of the Apes
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Post by df on Aug 22, 2017 0:57:38 GMT
He is talking about valuation and credit check on borrowers as their strength. Incredible!
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