ashtondav
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Post by ashtondav on Nov 12, 2019 18:40:21 GMT
doesn't FC do what ZOPA does and flog off the bad loans to specialist companies. This enables lenders to quit the platform completely and cleanly. Is it because their recovery teams are so much better than big Z?
Instead we have the constant griping and sniping on this platform.
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ashtondav
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Post by ashtondav on Nov 12, 2019 18:36:16 GMT
According to the Mail Online Money section big Z need another £100M to £150M by 3rd Dec. if they are to have the reserves to become a bank.
They seem to have left it rather - er - last minute.
Fingers crossed, as i want that 4% - which smokes my returns on Classic and Plus...
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ashtondav
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Post by ashtondav on Nov 12, 2019 18:22:12 GMT
Well, the rather well informed market of investors disagrees. Look at this logically. Of the 60 plus p2p platforms which will survive as (non merged) entities in 10 years time.
I would say FC, ZOPA, RS and AC for certain - the others are minnows swimming in a large sea. Some may make it, but many will die or be taken over. Many are just too damned "niche" to get any scale.
Remember - for 20 or so of its years as a public company Amazon did not make a profit of pay dividends. Worthless? Go look at the share price decline in 2000/2001 and its subsequent pattern.
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ashtondav
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Post by ashtondav on Nov 12, 2019 14:49:49 GMT
£450 of John Lewis vouchers for a £5K investment is pretty damned good - especially as it is not just for new investors (a la Assetz Capital disgraceful treatment of loyal customers.) That's 9% for gawd's sake.
Is the best current p2p incentive available? Even were i one of the die in a ditch sellers i might be tempted (OK, go on - start kicking me....)
Indeed that would be a good offer. Me. Dumwit!
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ashtondav
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Post by ashtondav on Nov 12, 2019 10:40:29 GMT
Not sure why the share price dropped. The new tool is better for FC financials encouraging more lenders. The share price dropped because FC is basically worthless. The new tool is like adding new chrome bumpers to a Trabant (or Lada take your pick). What nonsense. Read the latest update. FC has certainly underperformed, but is on track to grow revenues at 20%. yes, they hyped the IPO, just like Uber, Lyft, wework etc. FC is certainly not worthless, and in fact the market values it currently at £350M. A little less opinion and a little more fact would be welcome.
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ashtondav
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Post by ashtondav on Nov 11, 2019 18:22:56 GMT
£450 of John Lewis vouchers for a £5K investment is pretty damned good - especially as it is not just for new investors (a la Assetz Capital disgraceful treatment of loyal customers.) That's 9% for gawd's sake.
Is the best current p2p incentive available? Even were i one of the die in a ditch sellers i might be tempted (OK, go on - start kicking me....)
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ashtondav
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Post by ashtondav on Nov 9, 2019 22:07:31 GMT
If only FC did this people could exit. WhyTF wouldn’t you support it?
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ashtondav
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Post by ashtondav on Nov 7, 2019 16:15:43 GMT
Not me, and feel aggrieved as I’ve been Zopa since 2005.
But 4%? I’M IN!
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ashtondav
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Post by ashtondav on Nov 5, 2019 17:26:43 GMT
In the absence of any listees on 7/6 and 8/6 I bagsy “ 6/6/19 p2p1g1”. What’s the prize for winning? A £100 portfolio of secondhand FC loans? So I guess were first prize to be a £100 portfolio of secondhand FC loans, then it’d be logical that second prize would have to be a £200 portfolio of secondhand FC loans![/] And your surprised it takes months to sell your Loans....
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ashtondav
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Post by ashtondav on Nov 5, 2019 8:45:12 GMT
I notice that FC claim that under the new selling system due to be enacted next month, sales will incur "no fees".
Apparently it is not a "fee", it is a "transfer payment", and that's completely different.
Of course it's a fee, you deceitful low-lifes! If it feels like a fee and has the effect of a fee, then it is a fee. It matters not the tiniest jot that "100% of the transfer payment goes to the investor buying the loan"; what matters is that I no longer have 1.25% that I did have a moment earlier.
I should try this on my clients: "Hey, from today, my services are completely fee-free to you. Yes, no fees at all: absolutely no fees. Just a service payment - 100% of which goes to the provider of the service."
It’s a transfer discount.After 80 pages of dissing FC’s loans i’m Surprised anyone wants to buy them. Of course they need a discount. You are not selling to raise money, you are selling to rid yourselves of what you think will be underperforming loans. Er, so why the feck would anyone buy without an incentive?
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ashtondav
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Post by ashtondav on Nov 4, 2019 7:39:54 GMT
That’s because you’re selling/cancelling, right? You’re allowed to withdraw capital and interest repayments, aren’t you?
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ashtondav
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Post by ashtondav on Nov 4, 2019 7:37:17 GMT
I had a good October with £75 net on investment of £16,000.
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ashtondav
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Post by ashtondav on Nov 3, 2019 15:44:11 GMT
Ah, the old chestnut of the AC PF. An enigma hiding behind a mystery. As nights draw in lenders huddle around wood burners speculating about its size, it’s value and its parsimonious pay outs...
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ashtondav
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Post by ashtondav on Nov 2, 2019 10:11:23 GMT
3% is a decent return in a zero world. To get 3%youneed imo to invest at higher rates. In FC’s case that was about 6%, I think the same risk applies to RS because come the next recession the PF will evaporate.
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ashtondav
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Post by ashtondav on Nov 1, 2019 22:25:32 GMT
Too late for me. Withdrew all cash and heading for AC and LW. Need to see 6% available once a month to get me back to RS. I’ll see what happens to my repayments this month.
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