Funding Circle Share Discussion Threads

[linton5] 18/8/2022 11:29

Jupiter is selling up everywhere

[babbler] 18/8/2022 11:22

the 13m odd sells earlier might be Last of 18m JUP had left

[linton5] 18/8/2022 10:59

Volume blowing the roof off been following for a while very interesting I can see this getting back over a pound next few month

[sphere25] 18/8/2022 10:59

Added a few more here. There is a queue of bidding algos on the book across various exchanges. Stacks at 40.4p, 40.8p, 41p and then in 0.1p increments up to 41.4p. Everytime those orders get hit (e.g. at 40.8p-41p) they reload and then another buy order eventually outbids them.

Unsure if this is some news coming here but rarely see a queue like this. Just noted two big buy orders at 42.5p that appeared and disappeared of well over 100k. Irregular.

Again, no idea if something is going on or its just a vigorous bull bear battle

All imo
DYOR

[sphere25] 18/8/2022 09:08

Well, considering the huge blocks going through early today at 40p (volume up to a whopping 14.7m - probably both sides of the trade), it is safe to say it isn't just the EBT that is buying trying to clear out the big sellers.

But is it enough to smash through 40p and cause a spike in this terrible market?

Sellers to exhaust buyers and a move back down or buyers to exhaust sellers for a pop higher?

All to be revealed shortly.

All imo
DYOR

[linton5] 12/8/2022 14:27

Fch on its way out or it’s the bargain o the century, very quiet from company since results

[thetoonarmy2] 21/7/2022 15:20

Who do they sell the default loans to for what kind of discount I wonder of course they are losing a packet but at least they can hide them from showing on the balance sheet.

[hamhamham1] 01/7/2022 12:15

You do know they don't do the recovery loan scheme any more?
And they charge a flat 5.9% upfront, then the lenders who they backed off to get the interest maybe 8%?
I'd prefer to take the 5.9% upfront using other lenders cash to hand out.
The platform is only now getting traction, after 5 yrs of perfecting, see the near 2bn of lenders money put up over past couple of months.
But hey, my money, my risk.

[hamhamham1] 01/7/2022 07:36

That's approaching a couple of billion of new capital offered up from several lenders over past few months, inc this one.

[camraid] 27/6/2022 20:40

There are some very important considerations with this business.

They don't have recurring revenue. They charge a platform fee for matching borrowers with institutional lenders. These are one off fees. They need to keep pedalling to earn money.

They benefitted enormously from CBILS. They used the scheme to refinance a lot of existing loans. It was attractive to borrowers because they could get rid of personal guarantees, get a 12 month payment holiday and reduce the interest rate. It was a very easy sell.

Now they are pushing the recovery loan scheme. There will be some benefit but not as much as CBILS.

Many key staff have left. They are using 3rd party marketing companies to approach existing customers to push new loans.

I think it is looking rather desperate for them.

In difficult times they could see a lot of defaults. If businesses fail the loans are not asset secure. If institutional lenders start to lose money they may have issues. If they starting bankrupting individuals they may have reputational issues.

I think this is a basket case. It was over hyped by the likes of Vince Cable. It was overhyped as a tech business when it doesn't have recurring revenue. It requires a huge marketing machine to make it work.

It is rubbish in my opinion.

[hamhamham1] 08/6/2022 09:40

Today's early trades, big buy offsets the 7 shares sold :)

Date Time Trade Prc Volume Buy/Sell Value
08-Jun-22 09:21:22 64.60 153,721 Buy* 99.30k O
08-Jun-22 08:05:35 63.30 1 Sell* 0.63 O
08-Jun-22 08:05:35 63.30 6 Sell* 3.80 O

[hamhamham1] 08/6/2022 09:39

Bought in recently, looks good for the future after last final results RNS.

[typo56] 31/5/2022 21:29

Recent volatility and volume probably has something to do with FCH leaving the MSCI Global Small Cap index at close today.

[linton5] 31/5/2022 15:45

A lot of shares changing hands sir

[yieldsearch] 31/5/2022 15:40

Volatile price recently

[linton5] 25/5/2022 11:16

A lot of exchanging going on here watching carefully

[linton5] 24/5/2022 09:52

Strange first post I’ve ever seen as a first post absolute 🤡

[camraid] 24/5/2022 08:44

This is a dead duck.

[its the oxman] 16/5/2022 09:56

Plenty of bad news in current price. FCH may yet come good one day.

[its the oxman] 20/4/2022 11:03

Weird spread at times here. Can be a few pennies to almost 10% at times.