Funding Circle Share Discussion Threads

[h2owater] 26/3/2021 19:46

https://www.p2pfinancenews.co.uk/2021/03/26/funding-circle-us-set-to-benefit-from-ppp-extension/

[sphere25] 26/3/2021 15:10

Thank you Asagi :-)

Commiserations on the short - very hard to short this market. It takes alot to own up to heavy losses too - not nice. We have all been there.

I don't get excited about these high riskers, try to be as open and transparent about the risk as much as possible because they are prone to brutal share price destructive news too. It's just that sort of market where it pays to have a go at these high riskers if you notice some bigger demand coming in or key technical levels under threat.

Commented a few times on trying to short this market - nigh on impossible. Valuations do not matter and we just get clobbered with a train towing a ship that is towing a plane - downhill.

Can't stand in the way of that. You could easily end up being right in the longer run but it is so financially destructive to get in the way of a one track market that it causes capitulation. Better to capitulate early if it doesn't work in my humble opinion.

It is all about the US and those key support levels remaining in tact. The buyers have continued to come in and gobble up any dips, which means the long side remains the heavily strong play. Until they fall down and break, the risk remains to the upside with heavily biased risk-reward on the long trades.

All imo
DYOR

[asagi] 26/3/2021 15:01

and I've just closed for a nasty loss.

Asagi (no position)

[asagi] 26/3/2021 14:59

big congrats on your scalp Sphere25 and I agree with your reading of it exactly.

Being short this one has been very unpleasant. It's not only the loss that hurts, it's the injustice ;-)

Asagi (short FCH)

[sphere25] 26/3/2021 14:47

Whopper of a spike from 164p to 180p and I managed to lob at 176.9p.

That was nice.

Scalp complete.

It went into auction and then popped straight out with a monstorous spike! Will it settle and go higher from here? I don't want to be messing about with these high riskers too much.

All imo
DYOR

[sphere25] 26/3/2021 13:20

Price currently 157p

Entering SpeculaVille once more with a little nibble here in a whopper of a high risker. These companies that take an operating metric and then adjust it belong in highly speculative territory:

AEBITDA? Wots-a-wotsit?


So what the hell are you doing here you lemon soaked dingbat?

A quick trade is a quick trade.

The market appears to have gotten behind the results yesterday and someone is keen today taking the mop out at 154p.

The wider chart is curving up and looking like it wants to do more of a spike so the fly has been lured into the web with that chart in particular as a breakout and momentum type play.

Sticking the stop under the intraday low of 154p.

Usually watch this one from the sidelines if it hits the radar but clearly banged my head somewhere this morning to have a go here.

All imo
DYOR

[babbler] 25/3/2021 07:49

Smashed results.

[babbler] 22/2/2021 13:18

Think jupiter must be gone

[babbler] 24/11/2020 08:52

Guess once jupiter is gone...

[babbler] 24/11/2020 08:40

Market is very strange. Materially ahead and it falls. What the fek did the market expect?

[babbler] 24/11/2020 08:29

Decent update.

[yieldsearch] 10/8/2020 19:36

RateSetter has been sold to Metro Bank (UK) for £2.5m upfront with a further £9.5m deffered purchase price payable based on performance in the next year.
Has originated £4bn+ of lending, no profit.

FCH was listed in Sept 18 for an valuation of £1.5Bn. FCH has lent 8.7Bn globally.

[emacsapation] 10/7/2020 10:13

Thank you for your input. However I disagree. If they rely on volume, Where is that going to come from? again FCH won't be most companies first choice. Majority of loans will already have been applied for in the first couple of weeks of the program going live, thus most will have received CBILS and BBL through there banks. America is a different story I grant you that, lending is not as centralised. Let's see come results time. I've got a target of 50p on this

[yieldsearch] 10/7/2020 09:32

doesnt make much sense to short, now, given that they are provider of these governement guarantee loans.
FCH business model is relying on volume: they keep the introduction fee and the fee related to management of the loans. the credit exposure is too a large extent sold/transferred to hedge funds or investors. With the cbils guarantee, those hedge funds are probably *begging* FCH to get exposure (getting say 6% on a 80% government guaranteed loan is a no brainer..)
The platform is scalable, much more than the large retail banks. hence why when they announced that they were accredited, the share price doubled.

And yes a market cap of £270m to pay for lending infrastructure should be interesting to a few.

[wapper] 10/7/2020 05:51

FCH business levels will have increased exponentially via these 3 schemes and without exposure to bad debt as all underwritten by UK and US Govts I believe. Just my take on it. I'm no expert but the RNS read well to me.The other thing I like about them is that they are building a strong brand presence via marketing which may become attractive to a predator in time.

[emacsapation] 09/7/2020 19:33

In what way do you feel it was decent? They won't make as much profit on the CBILs compared to standard terms, I also don't consider FCH to be business's first choice provider of these. They will also have had a large number of borrowers apply for the BBL through their banks and pay off existing FCH loans. Good and bad however they won't be a repeating customer. This company services SME's that struggle to obtain loans through high street banks. That's changed. This business model doesn't appear to have merit. SELL

[wapper] 08/7/2020 08:29

Decent update today

[imjustdandy] 30/3/2020 06:10

Be lucky to survive.

[savagedstock] 12/3/2020 16:17

looks like they will need to raise cash in the next 6 months - from whom? what price? what dilution? think this business model is over (and should never have been allowed by the grubby regulators)

[thetoonarmy2] 06/2/2020 12:42

You Misunderstand what I'm talking about, it is people who loaned money to FCH for them to lend on, that's the ones who cannot redeem or get new investors to take them over as they were promised they could do when they signed up search google for newspaper articles on that!Of course anyone taking a loan out can pay them off early with the heavy penalties charged anyway still think next target is 60p. Wonder how many loans gone bad have they all been reported :)

[yieldsearch] 04/2/2020 19:58

"people cannot redeem loans they were told they would be able to do this" :

if they have the cash, they cannot repay their loan? really???