Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
That and money in the bank becoming worthless.
There are a lot of buys coming though. A mate of mine who trades shares just chucked in £5K and told me he expects to double his money this month, based on pure speculation and panic about inflation by all accounts.
The boe have turned the UK into a casino !!!!
I was a funding circle lender and just managed to get out before they stopped people selling their loans.
The consensus of opinion on various forums at the time was that their behavior was a sign that something was seriously up, I think it's fair to say their share price up to the start of 2020 also indicated what people thought of them. Around that time several P2P companies had gone under.
Then came along CV19 and the insanity of the CBILS lending, Sunak handing our children's futures to anyone who asked for a loan IMHO.
Great news for FC though, loads of magic money to lend out without any checks of risk.
So, the share price shot up.
Now CV19 is retreating, what now for them ?
Now interest rates need to get to 10%, what now for them ?
Now the magic money tree has been chopped down, what now for them ?
One shouldn't be surprised that the share price is falling, one should be surprised that it went up in the first place.
It's not looking good. Wasn't convinced before the CV19 hit ( see below ).
Any big recession was going to tip some lenders over the edge.
I'd image all the P2P lenders are in a bit of a sorry state right now.
Good news yesterday
https://www.thisismoney.co.uk/money/mortgageshome/article-7524071/Nationwide-House-prices-grind-halt-Brexit-chill-extends.html
"London sees the biggest fall but previously hotter regional markets are cooling"
Priced down 1.6% in London ( and the rest )
Good news for agents, once we see big falls the market will get moving again.
So long as they can survive the next 2 years they'll be ok.
Are MB up to their eyes in BTL mortgages ?
What chance those commercial BTL loans will be called in to get the cash they need ?
Could get hilarious.
Ever feel you are being played?.....Yes !!!
The system of selling is terrible. Right now it's practically impossible to get your money out.
I'm anticipating a fairly large loss on FC deposit now. Something just doesn't fell right to me.
Lots of loans now defaulting on my loan book. I can only see this getting worse.
Look on trust pilot, borrowers love it....the investors though, that's another matter.
Just read on a forum that someone spend 59 days waiting to sell up and only managed to get 20% of their loans sold !!!
The word is out, what this means for FC is anyone's guess.
Nerves of steel !!!!
I see the 2000000 shares weer sold....How much did they make ?
I bailed at 3.85 and made 10%
This is one dangerous stock
I'm not a great fan of estate agents/the housing bubble, have a look at my old posts, but there has to be some value in this. The housing market although dying on it's feet is still there.
Makes me wonder if someone knows something.
£37K punt, probably an individual taking a gamble. 1p up = £10K profit. 1p down = 10K loss.
You pays your money.
But at the end of the day, we are watching the collapse of the livelihoods of whole swatches of estate agents here, so we're all winners ;-)
Someone just bought a million shares ( £37K, would have cost £2M+ near peak ).
Someone thinks there's money to be made here !!
Maybe they need to start selling houses...now, how could that be achieved....
A lot of trades happening today.
People want out...people want in.
Who will be right.
What are you missing....
The housing bubble collapsing
Brexit causing EU nationals to leave, leaving properties un-reantable
New Letting fee rules
The end of the magic money tree
People being totally skint despite what the chancellor thinks so unable to rent, I've heard tell of newly married couples now living with inlaws because they can't afford to rent never mind buy.
The low interest rate/QE debt based economy didnt solve the problems we faced in 2007, it delayed them, it made them worse.
Karma's a bi-atch.
The way I see it is....BTL is dead, the agents need sales volumes to flourish, increasing sales volumes = falling prices. To get to sane sales volumes will require sane prices. With the current political-economic background pwopatee investors have been set up for a great fall.
We all buy more houses to rent out to more immigrants, make a fortune and the share price shoots up of course.
You can't lose on Bricks and Mortar..........
Share price down 20% from peak.
House prices need to come down 60%+ in some areas.
It's like the railway mania all over again.
And without the FLS/Term Funding/QE/Low Interest rates and the odious Help To Buy ?
What then ?
House prices would be 60% lower and companies like this would be out of business and their land banks sold off at fair market value based on real world affordability not some low interest rate, corrupt money printing level.
They've not only been bailed out, they've profitted massively from all of this.
Brexit uncertainty, you are having a laugh, have you see the price of new builds,some must now be approaching 20x local wages. The next correction in real or nominal terms is going to destroy many in the UK.
The MPs responsible for this should be in prison.
https://www.telegraph.co.uk/news/earth/hands-off-our-land/8754027/Conservatives-given-millions-by-property-developers.html
Again, all IMHO.
http://news.bbc.co.uk/1/hi/business/7920389.stm
Look at the share price chart, their stop of their collapse coincides with the low interest rates/QE.
Their "recovery" coincidences with HTB/FLS etc.
The latest falls coincide with a 0.5% interest rate rise and the end of the free magic money.
If you cant see it you must be up to your neck in this share price
The problems with the low interest rate/QE recovery are all around us now, zombie companies collapsing everywhere, BrExit, homelessness etc. If they continue down this path we'll see the £ collapse before long.
The builders should be forced to pay back all that HTB money by a government who is willing to act in the best interests of the British people and not the corporations.
Roll on Corbyn's government.
I'll be shorting this and dominoes pizzas me thinks.
All MHO, the block who cant see the wood for the trees is more likely to be right.