The House Crowd

AlanP_2

Gaudi04 wrote: »

Many thanks Grey Gym Sock, I guess I'll just end up being really boring and putting the money into the best Cash ISA available this year.

Have you looked at, and maximised, cash investments into interest paying Current Accounts (e.g. Santander 1-2-3, TSB etc.) & Regular Savers (e.g First Direct) as these are paying better rates than Cash ISA's at the moment?

Various discussions on here and articles on main site.

Archi_Bald

Just watching them on a repeat of a 2015 Dragon's Den Episode 1. The presenter initially visibly shocked the dragons by saying they had not made a profit yet.

He spectacularly failed to convince any of the dragons to invest, and he managed to upset at least a couple of them quite badly.

Anyone thinking of getting involved might find it worth trying to find this on iplayer. Starts about 31 minutes into the episode.

A 20 second summary: http://bbc.in/1gvuGFW

brewerdave

...to enlarge on Archi Bald's post - the main reason that the Dragons weren't impressed,was that the "entrepreneur" was offering 5% of his Co. for £1m -but couldn't find any justification for an overall valuation of £20m other than "people said it sounded right":rotfl:

Plus

To quote somebody on p2pindependentforum:

Maybe he 'disrespectfully' used the standard model of valuing a P2P business at 0.9x the outstanding loan book. Silly Frazer, should have saved the embarrassment and gone to Seedrs where it's quite the norm.

How come a P2P business is worth that? Surely the value of the business is based on profit (current or future) rather than turnover, which is what the loan book is? A bit wary of 'it's [STRIKE]on the internet[/STRIKE] P2P, it's special'.

bowlhead99

Plus wrote: »

How come a P2P business is worth that? Surely the value of the business is based on profit (current or future) rather than turnover, which is what the loan book is? A bit wary of 'it's [STRIKE]on the internet[/STRIKE] P2P, it's special'.

Loan book is not turnover, it's the asset base from which the net interest income is derived. Valuations based on balance sheets or AUM of banks and similar entities can be valid; the size of the loan book and the prospects of growth in the loan book are quite relevant to what you would pay to own a piece of the business.

Jsscmm

Plus wrote: »

To quote somebody on p2pindependentforum:



How come a P2P business is worth that? Surely the value of the business is based on profit (current or future) rather than turnover, which is what the loan book is? A bit wary of 'it's [STRIKE]on the internet[/STRIKE] P2P, it's special'.

Look up the annual profit of say Amazon. Then check its stock market listing, specifically the market cap. I personally like profits and dividends etc, but there seem to be exceptions.