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BGLF Blackstone Loan Financing Limited

0.72
0.022 (3.15%)
08 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blackstone Loan Financing Limited LSE:BGLF London Ordinary Share JE00BSMSML25 ORD NPV (EUR)
  Price Change % Change Share Price Shares Traded Last Trade
  0.022 3.15% 0.72 3,461,268 16:35:00
Bid Price Offer Price High Price Low Price Open Price
0.704 0.73 0.717 0.694 0.694
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 61.38M 59.35M 0.1341 5.37 309.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:33 O 250,000 0.7275 EUR

Blackstone Loan Financing (BGLF) Latest News (3)

Blackstone Loan Financing (BGLF) Discussions and Chat

Blackstone Loan Financing Forums and Chat

Date Time Title Posts
08/11/202410:52Blackstone/GSO Loan Fund18

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Blackstone Loan Financing (BGLF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
18:38:340.73250,0000.00O
17:27:200.72133,0150.00O
17:15:000.72375,0000.00O
17:15:000.73375,0000.00O
17:15:000.731,000,0000.00O

Blackstone Loan Financing (BGLF) Top Chat Posts

Top Posts
Posted at 08/11/2024 08:20 by Blackstone Loan Financing Daily Update
Blackstone Loan Financing Limited is listed in the Finance Services sector of the London Stock Exchange with ticker BGLF. The last closing price for Blackstone Loan Financing was 0.70 €.
Blackstone Loan Financing currently has 442,738,903 shares in issue. The market capitalisation of Blackstone Loan Financing is £318,772,010.
Blackstone Loan Financing has a price to earnings ratio (PE ratio) of 5.37.
This morning BGLF shares opened at 0.69 €
Posted at 29/11/2022 17:17 by rambutan2
Fidelity drops 22m ords (from 8% to 1.5%) at Eur 0.58:
Posted at 13/4/2021 21:11 by danieldruff2
To give you some idea of the volatility that is possible, back in the financial crisis of 2008, GLIF (which once held a CLO portfolio they offloaded to FAIR), sunk down to 1.5p a share at one point, with all dividends stopped. Then with the recovery it went to 45p with dividend restored.

With the covid fall in March last year I kept an eye on this sector in case the same opportunity arose but it never got remotely close to such dramas.
Posted at 13/4/2021 16:40 by yieldsearch
This is not a growth share, because really the underlying are complex leverage structures of loans: Loan upside (like any debt) is capped at the amount of interest generated by the loan.

BGLF, similar to CIFU, VTA, FAIR and a few others, are leverage position on corporate loans/ debt.
If the market value of the loans goes down, due to leverage, the market value of BGLF will go down faster (eg feb march 2020).
If loans are defaulting, then reduced income will be received by BGLF, which will then likely trigger a decline in price.

so all in all, when the macro economy is doing well, you will get a nice dividend, but with a recession, the market value of bglf will go down.
The best time to buy this is quite likely just after a crash (dividend increase and market value increase)
Posted at 13/4/2021 10:35 by danieldruff2
I guess I should reply having done the first post here in 2015. I quit this share a couple of years ago. One thing you notice with these high yielders is that eventually something negative will happen, either the yield is cut or the company assets shrink. The share price is about a quarter down from where it was in 2015.

It is a similar story across other shares I've held for high yield and as a result I've come to appreciate the views of Terry Smith, that holding for yield is nuts and you should go for growth and skim some off if you want to take an income.

I still hold a few income shares where I expect a little growth, like HFEL and BATS, but I wouldn't buy this again.
Posted at 13/4/2021 08:38 by fidra
Anyone else in this share .

I see it near the top of the dividend list.

Have to say from reading the 72pages it looks filled with data and complicated to me.

However the dividend is good .
Posted at 19/5/2020 19:56 by rambutan2
AR out:

COVID-19 Analysis

GSO has conducted a detailed, bottom-up review of all c. 970 global companies within its portfolios to determine the potential impact of COVID-19 on the performance of these businesses. GSO focused not only on those sectors that have been directly impacted by COVID-19, including hotels, gaming and leisure, transportation, retail, automotive, and energy, but the entire universe of industries within its portfolios. The objective of the analysis was to determine the financial performance of the companies and loans within BGCF's CLO portfolio and the resulting likelihood of negative credit rating migration and/or default for each loan in which we hold a position, as well as expected timing of these events. The loan by loan analysis was then applied on a probability weighted basis to each portfolio and run through the respective CLO structures in an attempt to forecast the impact on BGCF's CLO investments.

The results of this exercise have allowed GSO to consider the likely impact on cash flows generated by the Company's investments in directly held CLOs and those held indirectly through BGCF. This impact assessment has enabled the Board and GSO to assess the sustainability of the Company's dividend in the short-term. The medium- and long-term impacts of the global pandemic remain uncertain. However, in the short-term, rating agency downgrades and corporate defaults of companies within GSO's portfolios may lead to temporary cash flow diversions away from subordinate note distributions as a result of breaches in interest diversion and/or over-collateralisation ratios within a number of CLOs to which the Company has exposure (through BGCF).

GSO has already taken numerous steps to seek to mitigate the impact of COVID-19 on the performance of its portfolios and will continue to monitor the rapidly evolving economic environment to identify risks and opportunities. Despite the near-term economic disruption and resulting dislocation in the global credit markets, GSO believes that these events create good investment opportunities and provide further prospects for BGLF to enhance shareholder value.

Blackstone / GSO Debt Funds Management Europe Limited

19 May 2020
Posted at 28/3/2020 03:31 by rambutan2
As at the close of business on 28 February 2020, the unaudited net asset value per Euro Ordinary Share of Blackstone / GSO Loan Financing Limited ("BGLF") is as set out below:

BGLF Share class NAV Change in Monthly Monthly Performance
NAV (Euro) (Euro)
Euro Ordinary EUR 0.8894 / GBP Share 0.7652(1) (1.10%) (1.10%)

(1) As at 28 February 2020, using an exchange rate of EUR 1: GBP 0.8603. The GBP equivalent of the unaudited net asset value per Euro Ordinary Share has been presented for information purposes only.
Blackstone Loan Financing share price data is direct from the London Stock Exchange