ashtondav
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Post by ashtondav on Sept 3, 2019 8:24:10 GMT
A decent downturn and this lot will struggle to survive. Wonder how long seed investors are going to last before losing patience? Isn't Woodford an early adapter here? Anyhow get used to the useless new site, it is staying. Just remember when they mail you asking for feedback, divert it to junk mail. These lot have investor's interest way down the list. Ta for the factual analysis. Full of insight.
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ashtondav
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Post by ashtondav on Sept 1, 2019 15:21:06 GMT
Yes you can, but for techy numpties like me.....
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ashtondav
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Post by ashtondav on Aug 31, 2019 8:40:46 GMT
Yes it’s a mess. But although I’m interested in the global stats as a measure of zopa’s forecasting and risk management skills I’m more nterested in how mrs ashtondav, according to the performance data is earning 2.6% in Zopa plus, even with nearly 1,000 loans. Although nowhere near the Z target at least I’m nudging 5%.
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ashtondav
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Post by ashtondav on Aug 30, 2019 11:12:48 GMT
Someone else posted that retail lenders will not be getting the IT loans. They will all be going to institutions presumably at a nice big discount. If retail lenders could sell st a discount the sales process would speed up.
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ashtondav
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Post by ashtondav on Aug 30, 2019 8:53:49 GMT
I invested about £9,000 in FS. I have left 50 loans still with them, value £3000 and the youngest taken out 250 days ago, so a mere 70days overdue.
There is is no way this shower will go anywhere but down the sewer.
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ashtondav
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Post by ashtondav on Aug 29, 2019 10:00:59 GMT
Just received an email from FC with a link to some stats from the risk officer and I am amazed by the difference in personal insolvencies in the us and the uk.
Us personal insolvencies peaked at around 140 (Q1 2008 = 100) in 2009. They’re now around 60.
UK personal insolvencies peaked at around 140 (Q1 2008 = 100) in 2009. In Q4 2018 they were back up to about 140.
That is astonishing! After 10 years of (UK) recovery insolvencies are at the same level as in the depths of the worst recession since the ‘30s, when unemployment was 7.5% against 4% now.
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ashtondav
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Post by ashtondav on Aug 29, 2019 9:40:52 GMT
You don't worry that, after running the platform for 7 or so years, FC still don't have a sensible solution for bank Holidays, short months, weekends, and other unforeseen surprises? Their IT is., imo, seriously scary. Not really. My mainstream bank doesn’t credit my account with deposits made on a weekend, it only shows up on a Monday.
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ashtondav
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Post by ashtondav on Aug 29, 2019 6:47:41 GMT
With today's update, FC are saying loans sold from 21-27 August took 93 days on average, up from 92 the previous week and 88 the week before that. Were that true, it would represent a slowing of the rate of increase of the waiting time (i.e., it's still getting worse, but not as fast as before).
However, the 93 days reported does not fit at all with experiences being reported on this thread. We saw a wait time of 93 days for mike88 right at the start of the interval, and a lengthening during the interval -- indeed, so much of a lengthening that only 1 other sale has been reported completed despite there being several others for which 93 days is now well passed. 93 days as the average just does not seem possible. SME Credit Realisation queue jumping?
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ashtondav
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Post by ashtondav on Aug 29, 2019 6:44:28 GMT
One for the legendary Provision Fund?
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ashtondav
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Post by ashtondav on Aug 25, 2019 9:57:05 GMT
“Muppet Show” theme tune.
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ashtondav
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Post by ashtondav on Aug 24, 2019 12:35:27 GMT
You’re a brave man.
i just stick my head under a pillow and weep. Thank goodness FS was my smallest p2p.
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ashtondav
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Post by ashtondav on Aug 23, 2019 16:03:11 GMT
New investors and reinvestors of repayment are receiving the old loans, but in a rationed proportion. Darned right! Why on earth would I want to buy all the loans you guys want to ditch? Maybe I would if I could buy st 50p in the £ but FC don’t give that option. I want the more diligent 2019 loans thanks - mixed with just a dash of the poisoned cohorts.
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ashtondav
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Post by ashtondav on Aug 19, 2019 7:37:12 GMT
Yes better returns from being a lender. A good demonstration of how p2p stands in comparison to equity.
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ashtondav
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Post by ashtondav on Aug 19, 2019 7:31:56 GMT
Ah, that old chestnut autobid - nothing goes wrong with autobid.
Does it!
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ashtondav
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Post by ashtondav on Aug 17, 2019 14:56:44 GMT
Are there any views on the impact of the fund liquidating its portfolio. I am wondering if it contributes to the long selling times? Or is the fund in natural wind down and not making sales. And on another point as there are plenty of "unsellable" loans in the portfolio will the fund remain in existence for years and years as loans repay pennies in the piund, or has an exception been made and the fund can sell any damaged loan, deeply discounted, to other institutional investors.
On the IT website I can't recall reading how the "credit realisations" will be made.
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