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  • FIRST POST
    • daniel80
    • By daniel80 22nd Oct 15, 6:31 PM
    • 230Posts
    • 48Thanks
    daniel80
    London Capital and Finance
    • #1
    • 22nd Oct 15, 6:31 PM
    London Capital and Finance 22nd Oct 15 at 6:31 PM
    Anyone had any dealing with this company. My son has 25k to invest for only 2 years as it will be a house deposit. Iv`e told him to stay away from the stock market as 2 years is not long enough. As he is not overly keen with saving accounts cash isa`s etc due to low interest rates I said what about premium bonds a gamble on winning but stake is safe only loss would be inflation. When I googled investment ideas a link came up who were called specialist investment ideas with free advice. I put in my details..I received a call about half an hour later the guy recommended the above company which was based in Mayfair. he sounded very posh. He said London Capital and Finance were offering bonds paying 8% the money being lent to various companies to a maximum of 60% of their assist. He seems more of a salesman than an advisor and wants to phone back Monday. Brochure looks ok online but something does not seem right. Anyone dealt with these.

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    Last edited by MSE Andrea; 01-09-2016 at 2:14 PM.
Page 10
    • dunstonh
    • By dunstonh 8th Feb 18, 4:01 PM
    • 92,999 Posts
    • 60,380 Thanks
    dunstonh
    Not an independent source as there is none that I know of for such figures. My source is the number approx 4000 bondholders on the LC&F website a while back. However, also quick deduction taken from number of Feefo reviews, and income from Annual Accounts Companies House for LC&F.
    Feefo reviews are pointless. There is no measure of the knowledge and understanding of the person making the review. Plus, there is no guarantee that the reviews are genuine. All the scams out there have great reviews as the scammers generate them. This is not a scam but there is no measure of whether the reviews are genuine or not.

    The main thing is that plenty of those reviews are likely to have been made by people who dont have a clue about the risk that they have taken and are only measuring them on the basis that they have received their money. So did Bernie Madoff's investors in the early years.

    LC&F have never issued these bonds in any negative period. So, they are totally untested.

    Companies House does not give any indication of the number of happy investors who know what they are doing.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • verybigchris
    • By verybigchris 8th Feb 18, 4:30 PM
    • 418 Posts
    • 556 Thanks
    verybigchris
    If you turn your ad-blocker off and Google "best savings accounts", "best isa rates" or similar, the sponsored results are sites that pose as savings comparison sites, but are really just pushing savers to LC&F. I wonder how many unsuspecting savers they have referred to LC&F to cover the cost of the advertising, and what proportion of the 7,000 that adds up to?
    • Malthusian
    • By Malthusian 8th Feb 18, 5:40 PM
    • 4,245 Posts
    • 6,684 Thanks
    Malthusian
    Feefo reviews are pointless. There is no measure of the knowledge and understanding of the person making the review. Plus, there is no guarantee that the reviews are genuine. All the scams out there have great reviews as the scammers generate them. This is not a scam but there is no measure of whether the reviews are genuine or not.
    Originally posted by dunstonh
    Genuine or not, the reviews for these outfits are quite revealing (not LC&F specifically but unregulated corporate loan notes in general) https://bondreview.co.uk/2018/02/07/trustpilot-lays-bare-how-many-unsophisticated-investors-have-invested-in-high-risk-unregulated-bonds/
    • bail-in
    • By bail-in 8th Feb 18, 10:38 PM
    • 38 Posts
    • 13 Thanks
    bail-in
    Genuine or not, the reviews for these outfits are quite revealing (not LC&F specifically but unregulated corporate loan notes in general) https://bondreview.co.uk/2018/02/07/trustpilot-lays-bare-how-many-unsophisticated-investors-have-invested-in-high-risk-unregulated-bonds/
    Originally posted by Malthusian
    Thanks for that link.
    Also there is the following link for a London Capital and Finance Review on the same site:
    https://bondreview.co.uk/?s=London+capital+and+finance
    Also note what happened with completed administration of Providence Bonds Plc bottom right link.
    Interesting articles about unregulated bonds on this website https://bondreview.co.uk

    For an indepth review of the London Capital and Finance mini-bond visit
    https://anonymouslcafgmail.weebly.com/
    Last edited by bail-in; 18-03-2018 at 8:57 AM.
    London Capital and Finance Mini-bond Review Part 1
    London Capital and Finance Mini-bond Review Part 2
    • bail-in
    • By bail-in 9th Feb 18, 4:33 PM
    • 38 Posts
    • 13 Thanks
    bail-in
    Company loan chart and application
    Below are phone numbers for the company head office and the borrowers link to the new website launched in 2017. However, this loan flow chart and online application form for a loan has only been published on the site since 2017. The company was formed in 2012. There are no reviews or posts by borrowers, which I am aware do not mean much in terms of verification anyway. Anyone here want to try their luck and oratorial skill and phone and ask about the lending business, especially the illusive lending team? No? No time to waste? I did not think so.

    08452186918 Tunbridge Wells
    020 3861 9060 London
    020 7071 3984 London
    https://lcaf.co.uk/borrowers/

    The phone contact for LC&F bonds marketing team is 0800 410 1155

    For an indepth review of the London Capital and Finance mini-bond visit
    https://anonymouslcafgmail.weebly.com/
    Last edited by bail-in; 18-03-2018 at 8:56 AM.
    London Capital and Finance Mini-bond Review Part 1
    London Capital and Finance Mini-bond Review Part 2
    • cloud_dog
    • By cloud_dog 9th Feb 18, 5:10 PM
    • 3,726 Posts
    • 2,215 Thanks
    cloud_dog
    I'm really lost. Why are you posting, what is the point of your posts?

    I'm tempted to report your post as spam.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • firestone
    • By firestone 9th Feb 18, 5:25 PM
    • 246 Posts
    • 106 Thanks
    firestone
    think its called reverse psychology
    • Zanderman
    • By Zanderman 9th Feb 18, 6:45 PM
    • 1,595 Posts
    • 4,125 Thanks
    Zanderman
    I'm really lost. Why are you posting, what is the point of your posts?.
    Originally posted by cloud_dog
    This is turning into a really entertaining thread!
    What, indeed, is the point of bail-in's posts?
    And what do they mean?
    I'm gonna have to subscribe to this one....
    • ValiantSon
    • By ValiantSon 9th Feb 18, 9:28 PM
    • 2,013 Posts
    • 1,863 Thanks
    ValiantSon
    Glad I'm not the only one who is completely puzzled both by what each individual one of bail-in's posts mean, but also what overall point he is trying to make.
    • Malthusian
    • By Malthusian 10th Feb 18, 2:12 AM
    • 4,245 Posts
    • 6,684 Thanks
    Malthusian
    The point bail-in is making is that LC&F claim to be generating returns to its investors by lending to SMEs, but a website for SMEs to apply for said loans has only just appeared, several years after LC&F started not just taking investors' money but making capital repayments.

    This, bail-in implies, means that LC&F do not actually lend out investors' money; or if they do, they have only just started. This would mean LC&Fs interest and capital payments to existing investors up until now have been paid using new investors' money, which would make LC&F a Ponzi scheme. I thought it was pretty obvious what bail-in's point was.

    This point is, of course, libellous. The fact that this website for applying for loans from LC&F is new is no evidence that LC&F have not been making loans. They could easily have been making loans via other channels. But LC&F have no need to say how, as under English libel law the burden of proof is on the person making the defamatory statement to show it is true.

    Hence bail-in not making his point explicitly and asking if someone can ring LC&F to see if they can fool them into voluntarily revealing a smoking gun that proves his conspiracy theory is correct. The chances of LC&F doing so are, of course, nil.
    • bail-in
    • By bail-in 10th Feb 18, 8:33 AM
    • 38 Posts
    • 13 Thanks
    bail-in
    I yam sayin nuffink yor 'onour!
    A hint is good enough to the wise!
    Last edited by bail-in; 10-02-2018 at 2:38 PM.
    • ValiantSon
    • By ValiantSon 10th Feb 18, 9:14 AM
    • 2,013 Posts
    • 1,863 Thanks
    ValiantSon
    The point bail-in is making is that LC&F claim to be generating returns to its investors by lending to SMEs, but a website for SMEs to apply for said loans has only just appeared, several years after LC&F started not just taking investors' money but making capital repayments.

    This, bail-in implies, means that LC&F do not actually lend out investors' money; or if they do, they have only just started. This would mean LC&Fs interest and capital payments to existing investors up until now have been paid using new investors' money, which would make LC&F a Ponzi scheme. I thought it was pretty obvious what bail-in's point was.

    This point is, of course, libellous. The fact that this website for applying for loans from LC&F is new is no evidence that LC&F have not been making loans. They could easily have been making loans via other channels. But LC&F have no need to say how, as under English libel law the burden of proof is on the person making the defamatory statement to show it is true.

    Hence bail-in not making his point explicitly and asking if someone can ring LC&F to see if they can fool them into voluntarily revealing a smoking gun that proves his conspiracy theory is correct. The chances of LC&F doing so are, of course, nil.
    Originally posted by Malthusian
    I didn't think it was obvious at all. Overly verbose, to the point of being obscure, yes, but obvious, no. Thanks for clarifying.
    • cloud_dog
    • By cloud_dog 10th Feb 18, 9:30 AM
    • 3,726 Posts
    • 2,215 Thanks
    cloud_dog
    The point bail-in is making is that LC&F claim to be generating returns to its investors by lending to SMEs, but a website for SMEs to apply for said loans has only just appeared, several years after LC&F started not just taking investors' money but making capital repayments.

    This, bail-in implies, means that LC&F do not actually lend out investors' money; or if they do, they have only just started. This would mean LC&Fs interest and capital payments to existing investors up until now have been paid using new investors' money, which would make LC&F a Ponzi scheme. I thought it was pretty obvious what bail-in's point was.

    This point is, of course, libellous. The fact that this website for applying for loans from LC&F is new is no evidence that LC&F have not been making loans. They could easily have been making loans via other channels. But LC&F have no need to say how, as under English libel law the burden of proof is on the person making the defamatory statement to show it is true.

    Hence bail-in not making his point explicitly and asking if someone can ring LC&F to see if they can fool them into voluntarily revealing a smoking gun that proves his conspiracy theory is correct. The chances of LC&F doing so are, of course, nil.
    Originally posted by Malthusian
    Yes, I am able to read and digest text (most of the time) but, as you mentioned there so many other channels available that makes his point well, pointless.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • eskbanker
    • By eskbanker 10th Feb 18, 11:59 AM
    • 7,431 Posts
    • 8,001 Thanks
    eskbanker
    This point is, of course, libellous.
    Originally posted by Malthusian
    Only if it's untrue, although I take your point about the onus being on the accuser to be able to prove it!

    Also, without detailed knowledge of libel law, I'd have thought that it would need to be expressed reasonably explicitly rather than implied, but who knows, bail-in may need to be bailed out at some point in the future....
    • bail-in
    • By bail-in 10th Feb 18, 5:34 PM
    • 38 Posts
    • 13 Thanks
    bail-in
    Thanks to the Defamation Act 2013 it is now much harder for companies to sue individuals for libel. It is true the onus is on the defendant to prove the truth of the claim and libel can be implied or expressed, but the plaintiff company now has to prove serious harm has been caused to the company, usually financial, as a direct result. That can be very difficult to prove.

    The Act also creates the new defence of 'honest opinion' and here in this forum and other forums and websites along with cases of similar unregulated investments failing, there is ample supportive information of a similar nature to support this defence of honest opinion.

    For an indepth review of the London Capital and Finance mini-bond visit
    https://anonymouslcafgmail.weebly.com/
    Last edited by bail-in; 14-06-2018 at 12:20 PM.
    London Capital and Finance Mini-bond Review Part 1
    London Capital and Finance Mini-bond Review Part 2
    • ValiantSon
    • By ValiantSon 10th Feb 18, 10:30 PM
    • 2,013 Posts
    • 1,863 Thanks
    ValiantSon
    Bail-in, just to be clear, have you now changed your view of both this company and this type of investment?
    • bail-in
    • By bail-in 11th Feb 18, 1:33 PM
    • 38 Posts
    • 13 Thanks
    bail-in
    Bail-in, just to be clear, have you now changed your view of both this company and this type of investment?
    Originally posted by ValiantSon
    Rhetorically, why do you ask this question? What makes you think there is a change? There has been no change in my view of this company or unregulated and regulated investments. My view in my posts and LC&F review tends to be the same. It always has been, which is honestly looking at facts and figures on both sides objectively with the info I have to hand and searching for truth. No reader would give credence to all posts or a review which were totally negative nor totally positive, whatever type of investment. With my posts, the few there are, what you see is what you get. There is nothing hidden. I am an outsider, a newcomer to the forum so long term members are suspicious. However, I have no hidden promotional agenda, or any other agenda, that some members here have mistakenly accused me of. In my approach I have always looked from the information angle of both pros and cons. What you have read in my recent posts is also in my review, just taking the negative angle. There has been no change in my view. I never have had a solely negative or positive view. I am still objectively enquiring, looking for answers. That dog and bone thing.

    For an indepth review of the London Capital and Finance mini-bond visit
    https://anonymouslcafgmail.weebly.com/
    Last edited by bail-in; 18-03-2018 at 8:59 AM.
    • Lungboy
    • By Lungboy 11th Feb 18, 3:33 PM
    • 1,405 Posts
    • 1,346 Thanks
    Lungboy
    You started off coming across as a huge shill for LC&F, and now you seem to think they are cooking their books. Rather a pronounced change of opinion.
    • Reaper
    • By Reaper 11th Feb 18, 6:34 PM
    • 6,267 Posts
    • 4,516 Thanks
    Reaper
    You started off coming across as a huge shill for LC&F, and now you seem to think they are cooking their books. Rather a pronounced change of opinion.
    Originally posted by Lungboy
    I don't think he ever did. He was trying to be even handed and do a fair review but the length of his posts and unclear text meant people tended not to read to the end and missed the point.

    Less is more
    • Lungboy
    • By Lungboy 11th Feb 18, 9:13 PM
    • 1,405 Posts
    • 1,346 Thanks
    Lungboy
    I don't think he ever did. He was trying to be even handed and do a fair review but the length of his posts and unclear text meant people tended not to read to the end and missed the point.

    Less is more
    Originally posted by Reaper
    It wasn't overt so shill was probably the wrong term, but his walls of text seemed designed to confuse people who would otherwise have found these investments too risky and trick them into thinking they were mainstream and safe. On top of that he tried to convince investors to post here, presumably to also convince people that it's safe.
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