Gli Finance Share Discussion Threads

[bluemango] 19/10/2016 14:17

Thanks Gary.

I see Alliance News have now issued a correction.

[garycook] 19/10/2016 14:07

BM,I believe your correct.

[bluemango] 19/10/2016 13:51

Q3 dividend declared. Same 0.625p level as before (ignore the misleading/erroneous Alliance News headline saying 'GLI Finance declares lower dividend for third quarter' - this is just plain incorrect)

Have until ex-div date 27th Oct to participate. Paid on 15th Dec.

Then my understanding from the 9th August update, is that there will be one more payment at the current 0.625p level, the final dividend in March 2017, following which dividends will have to be covered by cash earnings and revert to twice yearly, interim in Sept and final in March each year.

[cheshire2] 03/10/2016 09:00

RNS Number : 4720L

GLI Finance Limited

03 October 2016

3(rd) October 2016

GLI Finance Limited

(the "Company" or "GLI")

Completion of asset disposals

The Board of GLI announces that, on 30(th) September 2016, the Company conducted a series of transactions with The SME Loan Fund ("SMEF"). The transactions will see GLI dispose a number of assets to SMEF including existing holdings in the loan note of a pharmaceutical company, a solar energy construction loan and stakes in two BMS Finance structures. As part of the deal, GLI will acquire from SMEF $800,000 of Senior Preferred Stock in the share capital of The Credit Junction. The net effect of the transactions is a cash transfer to GLI Finance of GBP1,553,745.13, which will be used for general corporate purposes. This is in accordance with GLI's stated strategy of lending "to" the platforms and not "through" the platforms and this transaction assists in removing the few remaining loans that we have on our balance sheet lent "through" the platforms.

[bluemango] 26/9/2016 23:48

Some comment on Altfi News:



Whelan acknowledges that the past 6 months have been something of a “clean up” phase, but is pleased with progress. He said that the company’s balance sheet has been “significantly strengthened”.

Nonetheless, the company’s Net Asset Value "NAV" per share fell from 42.73p to 37.07p across H1 2016. “I find it depressing where the share price is,” said Whelan, adding that he sees it catching up soon. “We are executing as quickly as possible within the confines and restraints of a listed business,” he continued. “I can’t say I’m pleased because the share price isn’t where it should be, but I will be when it is”.

[cerrito] 26/9/2016 22:52

Too bad that I have a lot on so there will be a delay in me giving these statements the attention they deserve but a quick reading would suggest no reason for a change in the sp- as indeed we have seen.
I did see volume at 515k shares was the highest for the last 20 trading days

[bluemango] 20/9/2016 20:38

Good to see Company Chairman Patrick Firth and Finance Director Emma Stubbs both opting for scrip dividend on the 16th, at a touch over 28p.

[future financier] 14/9/2016 09:50

Encouraging that an insider sees value at this price.

[james188] 13/9/2016 18:53

A flurry of RNS announcements this afternoon, relating to a group reorganisation in which Somerston Fintech has replaced Somerston Group Treasury. However, at the same time, Somerston has also been buying in the market - just shy of another 5 million ordinary shares - and it now has 23.53% of the voting rights, up from 21.91% in mid August. Added to that, there are all those warrants...

[plasybryn] 26/8/2016 09:16

Sorry but Interims by 19th October with EGM on 16th September.

[luckymouse] 26/8/2016 01:22

Spikes indicate potential basing - financials need to turn tho - worth watching for potential breakout

[plasybryn] 25/8/2016 18:56

Results & divvy news tomorrow.

[bluemango] 25/8/2016 16:29

Impressive flurry of buying today, including large 455k trade.

Noticed another exec Louise Beaumont also bought recently, day after Finance Director Emma Stubbs.

Chart showing bounce off lower trend line with hopefully new uptrend established.

[bluemango] 18/8/2016 09:55

Good to see Finance director buying 30 grand's worth of shares at 26.5p yesterday. Nice signal of confidence in future direction.

[raiseworks] 13/8/2016 04:43

Ask yourself why they hacen;t discosed the valuation of the platforms......

[cerrito] 12/8/2016 08:47

You are right james188 we need to keep watch on the Somerston Position; I had not appreciated that this fund raising was to be done so quickly and obviously the middle of August not the best time to get new investors in and not clear as to why they need the money so quickly.
I will not be buying more given the present corporate governance position-basically we need a Chairman who is going to represent the 80% of shares held by non Somerston people. He seemed to have allowed a management coup to oust Miller.
It is not that I have anything against current management-indeed I think they are doing very sensible things in repositioning the business and have very much my confidence-which explains why I am not selling- but there is a lack of a counterweight.

[james188] 11/8/2016 18:27

Shareholders who have so far weathered the very bumpy course need to keep a close eye on the Somerston position. I very much doubt that they will stick where they currently stand.

[neilyb675] 11/8/2016 18:13

Assuming Somerston makes no further purchases of ordinary shares, following Admission, it will be interested in 67,450,103 ordinary shares representing 21.9 per cent. of the Company's issued ordinary share capital.

SOUND QUITE CONFIDENT

[wins73] 11/8/2016 08:07

I'm out before its too late!!!

[speedsgh] 10/8/2016 13:38

Simon Thompson (Investors Chronicle) has today moved from a BUY to CUT YOUR LOSSES stance...

Calling time - [subscription required]

[james188] 09/8/2016 13:17

The last Edison note (published late July and referred to in earlier posts on this website)gives an updated cash flow analysis for 2016. It has always been clear that the dividends/interest payments coming in would not cover the divi at the current level (and meet other cash requirements)and that there would need to be asset sales, a placing/rights issue or other fund raising alternative to close the gap. Somerston is building up a pretty dominant position, which obviously comes with its inherent issues.

[specuvestor] 09/8/2016 12:44

Does anybody know how much of the current (Full year) dividend is covered by earnings at present?

[garycook] 09/8/2016 11:04

bluemango,Good comment,and I can see you believe in AW,and his management.