Member Info for portfolio2

Nice after hours buys , just what I was hoping for : )

Hi Plface , The problem when people have fast access to their cash is that if there is a scare and everyone takes their money out just in case , then we get this kind of liquidity problem . We have seen groups of shorters stoking a panic in some other companies trying to gain from a drop in share price . the thing is once a few people fear there is a problem and others see them taking their money out then they think there is a problem and with a few scary reviews or press articles it can all escalate into a panic .

Also they will be charging the seller 1.25% of the loan which will go to the buyer , which I think is a damn cheek as a seller but it does offer a rather nice incentive for buyers which is what is needed at the moment . those of us who are already invested may think about not wanting to pay that charge and therefore not selling , which again would help balance liquidity . It is a solution which I am sure will annoy a lot of people but it does work for Funding circle .

Hmm , interesting drop in share price today , coinciding with an email I got this morning from Funding circle saying that in December they are introducing a new way of selling loan parts which gives sellers some money back before the whole lot are sold . At first I was annoyed that I may have to wait longer to get my money out , but after thinking about it this is probably a good way for the company to manage liquidity and at least I will get some chunks of money more quickly . My partner just got £20,000 out from sold loan parts (after a long wait) so at least they are still paying out . I just wonder if buying shares in Funding circle may be more lucrative while they are low as I believe eventually things will get back to normal .

Hi faramog , you mention solvency , the figures I have are approx £62 million annual cash burn whilst holding reserves of £270 million . It looks like they could survive for at least about four years without trying too hard . I think the present situation is just a liquidity problem which they should have time to resolve . What do you think ?

Had a chat with Funding circle , they said they are reviewing the situation regarding liquidity and should have something to say in a couple of weeks .

until recently I was unaware that the US company was Apple , was this info out there ? and was it factored into the share price before this recent drop ?

what amazing tech , using quantum dots and bacteria to turn CO2 into ammonia ( which can be cracked to release hydrogen ) it might take a few years but this could be the answer to a lot of ecological problems . I like it .

no apologies necessary , that little drop gave me a chance to buy some more at 14 , cheers

I got in at 10p and I am happy to hold on long term .

I think they are a buy and can't imagine them not going up into the 20s

some lucky folk who bought at the recent bottom are sitting on 100% profit so no surprise if there is some profit taking . This may result in a slight dip and a buying opportunity before it rises to fair value .

A bit oversold in my opinion . Would it be fair to assume that anyone who owned these shares and had a stop loss in place had that stop loss activated today resulting in a lot of sells ?

well I took a punt and bought on the dip

me too , buy low sell high is my motto

I was unable to make the AGM this year , thanks to all those who asked questions and gave the necessary feedback to the board on behalf of us all , well done .

that's the sort of madness that just might pay off

Final results tomorrow , what do we expect ?

almost illegal = legal

more than twice as many buys as sells yet the share price is down 9% , I am starting to suspect the MMs are accumulating shares before the pop .