Harmoney

[RMJH]

Maybe of interest to someone:

https://idealog.co.nz/venture/2018/0...capital-start-

Thanks, a good reminder that Harmoney is supported by high quality management, board, and shareholders.

[Cool Bear]

Harmoney api stats for the week...

2018-05-27	784204925.0	42187
2018-06-03	784310900.0	42194

Does this mean their loan book grew by only 7 loans and $106k for the week? I assume this calculates as opening number of loans + new loans - repaid loans = closing number of loans?
Does anyone one know if this includes institutional as well as us little guys?
Attachment 9714

The figures are total loans todate. No deduction for repaid loans. And it would include institutional investors as well. Ties in with their figures below in their market stats today (see attached).

So for that week, the TOTAL new loans was just 7 worth $106k.

[slingy]

I'm getting different numbers:

"2018-05-27","784239575.0","42189"
"2018-06-03","785984775.0","42254"

$1,745,200 and 65 loans

[Cool Bear]

I'm getting different numbers:

"2018-05-27","784239575.0","42189"
"2018-06-03","785984775.0","42254"

$1,745,200 and 65 loans

Agreed, I can see these from the first graph on their page. Joker, where are your figures from?

[slingy]

It seems likely the date listed is the week starting date.

[joker]

Agreed, I can see these from the first graph on their page. Joker, where are your figures from?

From here https://app.harmoney.com/api/v1/public/statistics/investor/volume-over-time
...but yes, I now see that slingy is correct in that the date is the week starting date and thus there was only 1 day's worth of loans in that (first day of the) week. My bad!!

[leesal]

Still 10%'ish, but I've never seen the point of this comparison. If an investor invests in higher risk loans, this value will be high but the return will also likely be high - an investor who invests in low risk loans should have a low value, but a corresponding low return...e.g. if an investor only invested in loans with interest rates of say 30% and had a default to interest % of 30%, they would be doing very well. It's not a comparative value.

I think the Harmoney team have all wandered of skiing for a few days and everything will be back to normal soon........

Yeh completely. Although platform is averaging 20% with a lower average interest rate!

Just for Kicks. Not the most useful comparative stat, as ignores the hazard curve.

Platform RAR 9.94%
Platform Fee (2.91%) (assume ave 17.5% fee)
Platform Chg (3.76%)

Platform Adj RAR 16.6%

Platform Arrears (3.8%). So potential Platform RAR of 6.14% if all Arrears go bad.


My Portfolio
RAR 14.19%
Fee (3.6)%
Chg (0.4)%
Adj RAR 18.2%

Arrears (9.3)%. Potential return 4.9%.

(Arrears taken as all outstanding principal aged beyond 1 day on order report, some of which Harmoney show as "current")

[Vagabond47]

Just logged in to check if I had any payments come in lately. Checked the marketplace, 0 new loans in last 24 hrs.

[Bjauck]

Yeh completely. Although platform is averaging 20% with a lower average interest rate!

Just for Kicks. Not the most useful comparative stat, as ignores the hazard curve.

Platform RAR 9.94%
Platform Fee (2.91%) (assume ave 17.5% fee)
Platform Chg (3.76%)
...

Moreover, for the retail investor on the platorm, who may not be able to deduct charge-offs for tax purposes, the effective tax rate on their RAR may well be a lot higher than 33%.

[myles]

Just logged in to check if I had any payments come in lately. Checked the marketplace, 0 new loans in last 24 hrs.

Seems to have been broken for at least the last two days i.e. showing 0 but a few loans have gone through...?