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BGLC Blackstone / Gso Loan Financing Limited

0.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blackstone / Gso Loan Financing Limited LSE:BGLC London Ordinary Share JE00BF8Q3P09 C SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.48 0.52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.50 EUR

Blackstone / Gso Loan Fi... (BGLC) Latest News

Real-Time news about Blackstone / Gso Loan Financing Limited (London Stock Exchange): 0 recent articles

Blackstone / Gso Loan Fi... (BGLC) Discussions and Chat

Blackstone / Gso Loan Fi... Forums and Chat

Date Time Title Posts
24/10/201907:37Blackstone/GSO Loan Fund - C Shares8

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Blackstone / Gso Loan Fi... (BGLC) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Blackstone / Gso Loan Fi... (BGLC) Top Chat Posts

Top Posts
Posted at 21/10/2019 12:09 by 99matti99
......and so, i tried to buy some BGLC in my Barclays ISA. No can do. Only thing i could buy is BGLP. Unbelievable.
Posted at 18/10/2019 13:19 by dendria
The C shares were issued as part of the CIFU restructuring in 2018. The C shares have legacy CIFU assets which are being sold & reinvested. When BGLC reaches around the same NAV as BGLF, they will convert to become BGLF. I think this was planned to take 12 months but as the C shares joined around Jan 19, it looks like there is some way to go but I’d sooner they take time to get the best deals. This is one for the long term & timing is everything. There are very few LSE investment vehicles like this - VTA is another. Again I've been in VTA for years (from the Amsterdam exchange).
Posted at 17/10/2019 08:58 by dendria
Current DY is around 12% on the Ordinary Share & around 15% on the C.

Double-digit DY seems sustainable – GSO are one of the leading CLO managers in the business – if they can’t sustain it, no-one can.

I’m in from the CIFU roll-over. I was in CIFU for around 10 years and although the dividend varied and was re-based at one point, they never failed to pay a strong USD dividend. It’s one of my largest holdings and I’m effectively in for free.

Key aspects will be rising/falling interest rates (don’t appear to be rising any time soon) and default rates (continue to be at very low, almost negligible rates).

As the funds are EUR & USD, the current weakness of the GBP enhances the DY. If there is a resolution to Brexit and the GBP recovers, it will lower the DY.
Blackstone / Gso Loan Fi... share price data is direct from the London Stock Exchange

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