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Post by Ton ⓉⓞⓃ on Mar 17, 2021 15:40:29 GMT
Yes the valuation is generously in their favour.
I didn't realize how small they were until now - but they appear to be going down the "small and safe" route, that's my estimate anyway. Wonder if that will change as they add new accounts?
I think I may well put in a 'toe nail' and, all things being well, buy on the SM. EIS does nothing for me.
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Post by robmb on Mar 18, 2021 12:05:22 GMT
Hi - first my interest in Loanpad. It’s a company we have helping with their Seedrs pitch. We like them. Good team almost at BE and a unique model which places them well for the changes in P2P market. Comparisons to other platforms which are no longer lending or are making huge losses seem off the mark. In 3-4 years time what could we be looking at and what uplift might that give. In a sector where roi is v hard we feel these guys have a good chance.
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Post by robmb on Mar 18, 2021 13:47:39 GMT
Not judging the business model or the preformance of Loanpad - but the first thing that caught my eye is the valuation which is really ambitious. I often look at valuations of p2p lending companies and this one is very high in my opinion.
Compare it for example to Landbay (valued at 55.4M GBP*) or Assetz Capital (valued at 59.5M GBP*). So Loanpad valued itself at roughly one-third of these. But there is a much bigger difference on where they stand when I compare loan volumes originated. *Bear in mind that valuations are not scientific appraisals, but just the last price-point at which the company raised funds.
Maybe they took TheHouseCrowd (valued at 28.9M in Sep. 2019) or British Pearl (valued at 22.8M in Nov. 2019) as antetype.
Loanpad's reasoning on their valuation is on pages 26 and 27 of their pitch deck.
I will pass on this pitch.
This is pretty inaccurate. There are good reasons for this valuation which is midway between where they thought they would put it and the last valuation. As stated elsewhere we helped Loanpad with this round. Nothing to do with TheHC or BP.
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Post by wiseclerk on Mar 18, 2021 15:28:17 GMT
Which part of it is inaccurate? The numbers I posted are facts.
And anybody can compare the loan volumes originated (they are publicly available) by Assetz or Landbay to those of Loanpad. If you don't want to take a month as sample, take the last 12 month before funding.
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Post by Badly Drawn Stickman on Mar 18, 2021 15:42:13 GMT
Not judging the business model or the preformance of Loanpad - but the first thing that caught my eye is the valuation which is really ambitious. I often look at valuations of p2p lending companies and this one is very high in my opinion.
Compare it for example to Landbay (valued at 55.4M GBP*) or Assetz Capital (valued at 59.5M GBP*). So Loanpad valued itself at roughly one-third of these. But there is a much bigger difference on where they stand when I compare loan volumes originated. *Bear in mind that valuations are not scientific appraisals, but just the last price-point at which the company raised funds.
Maybe they took TheHouseCrowd (valued at 28.9M in Sep. 2019) or British Pearl (valued at 22.8M in Nov. 2019) as antetype.
Loanpad's reasoning on their valuation is on pages 26 and 27 of their pitch deck.
I will pass on this pitch.
This is pretty inaccurate. There are good reasons for this valuation which is midway between where they thought they would put it and the last valuation. As stated elsewhere we helped Loanpad with this round. Nothing to do with TheHC or BP. What would these good reasons look like? Midway between the last one and what they want seems a trifle vague.
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Post by Ace on Mar 18, 2021 16:28:45 GMT
Someone must like it. Funding has jumped to 92% of target today.
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Post by robmb on Mar 19, 2021 10:10:24 GMT
This is pretty inaccurate. There are good reasons for this valuation which is midway between where they thought they would put it and the last valuation. As stated elsewhere we helped Loanpad with this round. Nothing to do with TheHC or BP. What would these good reasons look like? Midway between the last one and what they want seems a trifle vague. - Not going to go into them on here - ask the company or read our intreview with them on www.ECf.buzz. But clearly for a growth company which is clsoe to BE the last round is the cnchor price and that was set before the copmpany had full FCA and ISa approvals and before the model had been aunched and proven to work - as it has now. How long is that string - well that my friend is for you to guess and invest if you like it or not if you dont. More on the ECF site as I said.
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Post by robmb on Mar 19, 2021 10:19:31 GMT
Which part of it is inaccurate? The numbers I posted are facts.
And anybody can compare the loan volumes originated (they are publicly available) by Assetz or Landbay to those of Loanpad. If you don't want to take a month as sample, take the last 12 month before funding.
You are the P2P expert but I understood that both of the examples you lead with had had to stop lending P2P or vlumes are massively down? Am I wrong? Its misleading to compare a clearly broken model to Loanpads IMO. And in fact the money that had been attracted to the likes of Lendy, Assetz none of whom have got close to BE, etc will now need a new home - one that offers some sustainability which again IMO could be Loanpad. Could be, of course.
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Post by Ace on Mar 19, 2021 10:24:05 GMT
Which part of it is inaccurate? The numbers I posted are facts.
And anybody can compare the loan volumes originated (they are publicly available) by Assetz or Landbay to those of Loanpad. If you don't want to take a month as sample, take the last 12 month before funding.
You are the P2P expert but I understood that both of the examples you lead with had had to stop lending P2P or vlumes are massively down? Am I wrong? Its misleading to compare a clearly broken model to Loanpads IMO. And in fact the money that had been attracted to the likes of Lendy, Assetz none of whom have got close to BE, etc will now need a new home - one that offers some sustainability which again IMO could be Loanpad. Could be, of course. Assetz claim to be profitable.
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Post by Badly Drawn Stickman on Mar 19, 2021 10:26:51 GMT
What would these good reasons look like? Midway between the last one and what they want seems a trifle vague. - Not going to go into them on here - ask the company or read our intreview with them on www.ECf.buzz. But clearly for a growth company which is clsoe to BE the last round is the cnchor price and that was set before the copmpany had full FCA and ISa approvals and before the model had been aunched and proven to work - as it has now. How long is that string - well that my friend is for you to guess and invest if you like it or not if you dont. More on the ECF site as I said. Presumably the help you gave them was fetching coffee? Your communication skills are a bit lacking 'Mate' Break even not hard to write in full.
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mrdc
Member of DD Central
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Post by mrdc on Mar 19, 2021 10:43:34 GMT
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Greenwood2
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Post by Greenwood2 on Mar 19, 2021 10:56:26 GMT
Presumably the help you gave them was fetching coffee? Your communication skills are a bit lacking 'Mate' Break even not hard to write in full. I'm starting to get put off Loanpad, by their 'helpers' telling me how great Loanpad is.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 19, 2021 11:07:51 GMT
Presumably the help you gave them was fetching coffee? Your communication skills are a bit lacking 'Mate' Break even not hard to write in full. I'm starting to get put off Loanpad, by their 'helpers' telling me how great Loanpad is. I actually consider it a plus, as that 'helper' is usually eviscerating stuff that appears on crowdfunding platforms and the platforms.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Mar 19, 2021 11:17:51 GMT
I'm starting to get put off Loanpad, by their 'helpers' telling me how great Loanpad is. I actually consider it a plus, as that 'helper' is usually eviscerating stuff that appears on crowdfunding platforms and the platforms. Does that give you confidence or the reverse? I assume the helper wasn't helping on those crowdfunds, or was he criticising himself?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,345
Likes: 11,566
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Post by ilmoro on Mar 19, 2021 11:31:09 GMT
I actually consider it a plus, as that 'helper' is usually eviscerating stuff that appears on crowdfunding platforms and the platforms. Does that give you confidence or the reverse? I assume the helper wasn't helping on those crowdfunds, or was he criticising himself? No no assistance on those pitches, pulling them apart for being unrealistic, financial nonsense and on occasion straight out lying. So the fact that they consider the pitch credible enough to assist appears like a positive given their usual level of colossal scepticism about crowdfunding & the platforms.
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