Gli Finance Share Discussion Threads

[my retirement fund] 09/12/2015 10:13

Sounds like they are desperate if they are manning the phones to rep this offering to get it away, the expense costs already look astronomic to the scale of it. Paints a certain picture doesn't it?

[cwa1] 09/12/2015 09:55

Morning

Been out of GLIF for a while(thankfully, by the look of things), so not very familiar with the ins and out here.

A relative of mine, however, has just told me that she has had a communication regarding GLIF asking if she wants to take up an offer and wondered what she should do/if they were worth taking up? I confessed I wasn't au fait with GLIF these days but I knew where I could canvas some opinions.

So any thoughts and helpful comments on what the situation is would be welcomed.

[boadicea] 07/12/2015 15:03

webclick99 - It's no use relying on the advfn buy/sell attribution (based on a supposed mid-price)to tell you what is a buy or sell.
If you plot all the deals on a time line you may draw the conclusion that anything above 33.9p today is very much more probably a buy.
On this basis and including the 'Y' trade, there is actually a slight bias towards 'buy'.
There appears to be a ready supplier of stock at 33.75p which mm's are happy to pass on with some success at a relatively small margin.

[nw99] 07/12/2015 12:44

Small purchase by a director is this the start

[webclick99] 07/12/2015 12:34

Its interesting that a ton of sales have gone through today, and not a single purchase, but the share price has not moved

[skinny] 07/12/2015 12:19

The Company was today notified of the following share dealings executed today by persons discharging managerial responsibility:



Shares acquired: 37,500
Price: 33.98
Total holding: 300,000
Per cent of issued share capital with voting rights: 0.14%.
James Carthew
Non-executive Director

[bandit99] 07/12/2015 11:30

are directors currently in an open period when they can buy?

[future financier] 07/12/2015 08:53

Cerrito - I think I will watch their deeds rather than listen to their words..... If they go out and BUY then it might be worth following them!

[coolen] 06/12/2015 14:45

Has anyone asked the directors why they were "pleased" to make an announcement that caused the price to crash ?

[cerrito] 05/12/2015 17:45

Gone through the prospectus to see if there were hidden nuggets of information to help me decide whether to go into the zeros or even to buy common shares at this reduced price.
The short answer is that I could find none and my current position is to pass on the zeros.
To be fair they did mention more than once that there is no real historical info to go on.
Perhaps the fall in price of the common shares will galvanise management to provide more information on what is going on
If they were a main land company we could go to their AGM and for me they would do well to take a leaf out of RECI's book and have frequent conference calls ;on the other hand they may feel they can meet their requirements from institutions and do have no real need to solicit retail investors
Incidentally I note some of you think that GLIF are acting rather like spivs by having do many different types of debt instruments.
I am pretty relaxed on this as it will allow people to be on the part of the risk return spectrum they want to be. I am not sure what people are proposing as the most appropriate debt structure for GLIF

[droid] 05/12/2015 15:27

Funding Knight is also doing well and, most importantly, Sancus.

[droid] 05/12/2015 15:27

Funding Knight is also doing well and, most importantly, Sancus.

[specuvestor] 05/12/2015 15:01

I too am not sure that all the platforms are failing. My impression is that a couple of the GLI platforms appear to be doing quite well, particularly Platform Black & Trade River. Also Finexkap won the Alternative Finance Platform of the Year (EU) at the AltFi awards 2015. So they must be doing something right. Other award winners at the same awards ceremony were Zopa & Funding Circle,so Finexkap are in good company. Lots of interesting information on the Altfi.com website.

This is an exiting growth area and I am sticking with it. Just don't bet the farm.

[cheshire2] 05/12/2015 09:48

latest director buys

12-Dec-14 Buy Geoff Miller 58.35p 350,944 £204,775.83
30-Mar-15 Buy Geoff Miller 58.00p 40,000 £23,200.00
12-Dec-14 Buy Emma Stubbs 58.35p 38,994 £22,753.00
30-Mar-15 Buy James Carthew 57.70p 12,500 £7,212.50

director shareholdings

Geoff Miller 2,743,024 £942,914.50
James Carthew 262,500 £90,234.38
Patrick Anthony Seymour Firth 242,189 £83,252.47
Emma Stubbs 61,083 £20,997.28

the incentive is there, they have a lot to loose if the company goes down !!

[droid] 04/12/2015 22:43

Why do you simply assume that the platforms are all failing ?

[striebs] 04/12/2015 18:40

I almost bought into this but am glad I resisted .

One thing which banks can do which GLIF can't is fractional reserve lending so it seemed obvious that GLIF needed either participation by the banks or another source of capital in order to expand .

Trouble is Geoff Miller comes across as credible and knowledgeable in the videos and can make just about everything sound OK !

Over the past couple of months they have been giving the impression of being as desperate for cash as the businesses they are trying to lend to !

GLIF now , with multiple classes of securities fails the sniff test for me .

[redsonning] 04/12/2015 18:18

This is all horrible - why is anyone still here? Even at this price the risks remain large and the gains don't look clear enough. This is not my idea of fun!

[future financier] 04/12/2015 17:39

... and on that I will agree with you!

[my retirement fund] 04/12/2015 17:01

Well if you want to compound yes of course you can make it look lower. Agreed.My general point is who in their right mind would want it especially when you can buy into some bona fide sub debt for fractions less with legit credible blue chip companies.

[future financier] 04/12/2015 15:30

mrf - its compound interest not simple interest. Simples!

[scbscb] 04/12/2015 15:29

The yield to investors is 7.5% but the cost to the company is over 8.1% and that is assuming they get all 40 million zeros away. From the circular:
"The net proceeds of the Issue are dependent on the level of take up under the Issue. On the assumption that 40 million 2020 ZDP Shares are issued pursuant to the Issue, the expenses of the Issue and Admission are expected to be approximately £1.2 million and will be met out of the gross proceeds of the Issue, reducing the net proceeds to an estimated £38.8 million."

That is 3% on the best case scenario so 0.97 * 1.081^5 = 1.43186

[valhamos] 04/12/2015 15:16

MRF

Agreed. And the company requires a return of 7.5% p.a. to turn that pound into exactly 143.6p, the redemption value, in 2020 - therefore 7.5% is the cost of funds (as 8.8% generates too much).

[argy2] 04/12/2015 15:10

Winnifraud must be very embarrassed. Anyone seen comment by him yesterday or today?

[my retirement fund] 04/12/2015 15:05

They cost a pound and you get 143.6p back in 5 years.