Gli Finance Share Discussion Threads

[makinbuks] 13/5/2021 14:05

I shall follow the new thread just out of curiosity

[makinbuks] 13/5/2021 10:53

Rebranding isn't going to solve the fundamentals

[bluemango] 12/5/2021 22:49

New thread after change of name to Sancus Lending Limited (LEND):

[yieldsearch] 12/5/2021 16:27

:)Ticker is lend i believe

[peterbill] 12/5/2021 15:20

Following shareholder approval at the annual general meeting held on 11 May 2021, the name change to Sancus Lending Group Limited has become effective.

I wonder what the ticker will be ... SLAG?

[makinbuks] 19/4/2021 11:17

Another £95k wasted

[peterbill] 17/4/2021 18:02

Tender Offer for up to 25% of the issued ZDP Shares
and Notice of Extraordinary General Meeting ...

[makinbuks] 31/3/2021 14:55

I'm not sure this is a good entry point. What is going to happen when the ZPD's fall due for repayment this time? And on top of that the company still has large debts to repay and is paying a hefty 7% on them. I do agree the core cash earning business looks sound but too small for the level of indebtedness left as a legacy of the issues in the past

Also there are still little pockets of opaqueness. Such as the IOM write off this time. If that was in run off (ie closed), why was goodwill recognised?

[makinbuks] 31/3/2021 14:49

What a sorry saga

As disclosed in our interim report we wrote down £4.2m against the FinTech Ventures Portfolio and in the second half of the year we have written down a further £1.8m taking the portfolio valuation to nil. This reflects the continued challenges we have seen the platforms facing during the pandemic. We are however hopeful that a couple of the platforms will surprise to the upside.

[makinbuks] 31/3/2021 14:48

Says it all really

[bluemango] 31/3/2021 11:38

Results announced, and nearly four hours into the trading day, volume currently zero. Not sure I've ever seen that with any company!

[bluemango] 31/3/2021 11:19

They've finally bitten the bullet and done the complete write down of the Fintech Portfolio.

Proposed rebranding in next couple of months. Focus on core cash-earning business going forward. For the brave, this would seem a reasonable entry point?

[makinbuks] 12/3/2021 14:52

Will the platforms finally be written off completely?

[bluemango] 12/3/2021 10:19

"Houston, we have signs of life!"

Results due.

[irenekent] 05/1/2021 16:47

This seems to be creeping upwards. Should get info about the new name and direction soon. Fingers crossed.

[future financier] 26/11/2020 08:16

All that I can add to the above is that I see that Honeycomb is managed by Pollen Street - and Pollen Street are very astute - but also very hard - so GLI will be paying a handsome price for their support.

[peterbill] 26/11/2020 07:44

I don't really understand the business model. Have a small holding which will get diluted, looking at the excess shares on offer.

[makinbuks] 19/11/2020 15:50

GLIF needs a lot of cleaning up until its basically Sancus which is in my view an attractive business capable of being grown and making a nice niche position. I don't own them so participating or not is not relevant but I'd be tempted to ignore it, and invest again once the clean up is complete. If I had a lot at stake I'd be concerned about dilution of course

[bluemango] 19/11/2020 15:49

#709 Don't take advice from anonymous bb posters who may (probably in the case of the above!) have a financial agenda diametrically opposed to yours.

[makinbuks] 17/11/2020 10:52

Probably a good place to be again right now so maybe that's why they're clearing the decks

[holts] 17/11/2020 07:52

How do these companies get themselves intonsuch a mess , it was better off years ago when it was invested in dodgy American debt .

[bluemango] 21/8/2020 13:53

A blip on the monitor! Gentlemen, we have a pulse, the merest signs of life!