Member Info for zccax77

HH , you planning to buy back in?

I have been lending on FC since 2013, it was great back then. I would not invest now, the numbers are aweful. I have a token amount in there now and trying to get it out. At one point I had close to £700k in there.

Can you imagine how some of the BOD are feeling buying at £30? They are all heavily invested in this.

Down almost 13% today. Founders shares being sold maybe. I am enjoying Sameer’s net worth being destroyed. Shame about the regular investors on this though, hope you don’t lose too much. The bankers should be imprisoned valuing this at £1.5bn when it should have been valued at £150mn tops. The fund managers who brought into this need sacking.

Nope still invested. Though I won’t be invested here on the 23rd. Will buy back in on the 24th, I see this going to £10 in the next 12 months.

The bad news in relation to the mini-bank run has still to manifest itself. No doubt the muppet brokers will be surprised and downgrade this again at that point.

Ouch!

You have to bear in mind the rent only costs the retailer 6-10% of income, the other costs such as fit-outs, wages etc. stay constant. The retailer will consider whether the footfall justifies these costs, in all cases they will pick somewhere with high footfall. That is why places like the Trafford centre have such a low NIY of 4.4%, and places like the grand arcade in Wigan can manage 9% at best. The 4.6 percentage point difference does not make much difference to the retailer when turnover can be 2-300% more. Though that 4.6% difference in yield results in INTU’s properties being worth twice as much.

Brought some more this morning, when HH said he was out. Whenever he buys into something it always tanks!

When those cheap shares hit the market, expect the clowns to sell them well into £1. Have a look at MTRO to see what can happen.

The Wigan property alone cost £120m in 2009. Previously had a TKMAX and M&S who vacated, looks like DEBS will now vacate. Classic case of a secondary centre being hollowed out.

This can sink another 30% due to more dire results, expect the mini-bank run to have caused a large spike in outflows. Who wuda thought a tumbling sp could have caused a bank run, clearly not the clowns in the C suite.

Not invested here. Hope Fosun buys this and the shorts burn. Disgusting behaviour, this company adds billions to the economy and these vultures want to take it down.

A loss making bank, with virtually no capital and where most of the customers only use them for overseas transactions gets valued at £2bn. MTRO BOD must be naval gazing and wondering where they went wrong? what a bunch of morons. They should refocus on their online platform and label themselves as a online bank with a slither of high street presence and then watch their sp fly or alternatively create their own BITCOIN.

https://www.thetimes.co.uk/edition/business/metro-seeks-injection-of-new-blood-to-its-board-j3d6v73wk

That is the RDI reit portfolio which defaulted earlier in February. I thought Aviva valued that at £150m with a NIY of 9.7%, looks like the sellers think it is worth more.

I am not sure those assets are directly comparable to what Intu have.

Ouch, almost 5% down

There are plenty of amazing companies like the recent IPO of AJB out there which will grow exponentially, why invest in trash?

That Bish Liv Townsend from UBS downgraded this week. Looked her up on Linkedin and she only has 3 years experience and is fresh outa uni. Unbelievable the market places such importance to someone so unexperienced. We bit more to fall, will be loading up next week.

Don’t think many people loaded up at £21, best I could get was £22 which was only available over a 48 hour window. It will be back to £40 within a few months.

Though this is not a LTH, too volatile and a bad business to be in. Too many wimmin buying cheap clothes and returning them resulting in unsustainable fulfilment costs.

Do you clowns even understand the concept of risk adjusted returns? Your 5% is not adequate compensation for the risk you are taking, you are better off investing in stocks and share though not FCH shares. FCH make wafer thin margins on loans, not enough compensation for the work they do plus chasing up deadbeat borrows for money is expensive, that is the flaw in their business model which is why I am negative on them. Being a customer of them is bad because they only take clients on which the big banks have declined, so they are basically underpricing risk which gets even worse when they try and grow their business by lowering their standards. Some borrowers take the loan make 1 repayment and then go into administration or at worse disappear.

I hope you didn’t buy into their IPO, shareholders will never see that money again. When they IPO’d I almost scoffed at their £2bn valuation, Sameer Desai must feel swell losing all that money hope he does not cash out any time soon and goes down with the ship.

I am usually a positive person, but there is no fix for having a bad business model which FCH have.

There are two recent IPO shares on which I am negative on FCH and AML. One will be broke within 5 years and the other will likely be acquired by Mercedes for pennies in the pound.

So stop looking at things through rose coloured spectacles.

Plus customers are angry with them since their lending is too lax and returns are not as promised. Plus their selling queue gets longer and longer reducing punter liquidity. P2P is not a sector I would want to be right now, due to increased regulation and the impact of collapses such as Lendy as well as potential future collapses such as FS. I suggest you become a customer of FC, put £100 in there and see how it goes, you will see the flaws in the model.