Gli Alt Fin Share Discussion Threads

[wirralowl] 01/9/2016 13:55

I don't hold, but noticed a name and ticker change to SME Loan Fund LSE:SME today:

[my retirement fund] 25/2/2016 14:25

Poor fund raising, rather stupid to hedge thos dollars to sterling so soon, they knew the Brexit vote was on the cards.

They must have missed a 5% currency gain in February alone!

[jonwig] 30/11/2015 07:39

Dividends will be taxed as interest payments, so a 20% rate for BR taxpayers unless within a tax wrapper.

(Not a holder. Need to see some results before commitment here.)

[jonwig] 25/11/2015 08:18

Maiden dividend of 0.6p for the month. Target is 8p pa I believe.

There's a sponsored research note at

EDIT: what's the point of monthly dividends? FCPT does them as well.
They must still have some cheques to print and post, even in c21.

[my retirement fund] 19/11/2015 14:08

Surprised this is not falling as its an asset mostly of Glif's

[jonwig] 05/10/2015 09:38

They planned £45m (45m shares) then £200m in an additional placing program. In fact about 53m shares have been issued but 40m of these are held by the parent, GLIF in exchange for the initial portfolio.

It will be interesting to see if they make any progrss with further placings over the next year.

[wirralowl] 05/10/2015 09:21

Thanks jonwig, as you say, as a GLIF holder, worth keeping an eye on.

[jonwig] 04/10/2015 18:48

Key points from prospectus:

• The Company intends to distribute at least 85 per cent. of its
distributable income earned in each financial year by way of
dividends. The Company will target a net dividend yield of
8.0 per cent. per annum of the Issue Price per Ordinary Share as at
First Admission. The Company intends to pay monthly dividends
to Shareholders each financial year, with the first dividend
expected to be paid in November 2015.

[jonwig] 04/10/2015 12:52

. .



~~~~~~~~~~~~~~~~~~
Major Holdings (at 04 Oct 2015):

GLIF ............. 40,270,763 ... 76.5%
Morgan Stanley .... 3,000,000 .... 5.7%