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Share Name Share Symbol Market Type Share ISIN Share Description
Gli Finance Limited LSE:GLIF London Ordinary Share GB00B0CL3P62 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.62 2.60 3.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.1 -9.7 -3.3 - 13

Gli Finance Share Discussion Threads

Showing 2526 to 2546 of 2675 messages
Chat Pages: 107  106  105  104  103  102  101  100  99  98  97  96  Older
DateSubjectAuthorDiscuss
25/9/2017
11:26
And the CFO was on Miller's Board... And the chairman was the chairman on Miller's Board...
egonwe
25/9/2017
10:12
Whelan was on Miller's Board.....
egonwe
25/9/2017
10:07
But it was Miller who blew GLIF's cash on the failed investments - you can't blaim current management for that. The only question is whether they have genuinely turned the corner yet. Certainly Sancus is starting to make some noise in the industry - and it may be appropriate to rename the Group as Sancus .....
future financier
25/9/2017
10:01
Hmmm - In 18 months, Whelan and his team have: 1) Halved the dividend, then axed it completely 2) Reduced the share price by two-thirds The last CEO, Miller, was elbowed out of the company for halving the share price....
egonwe
25/9/2017
09:58
I did warn all holders in June this year to sell out. Just one comparison demonstrates how overvalued GLIF still is - market cap. is £40m and group turnover (on which a loss is made) was £5.6m. As for NAV, assets are being eroded by the need to keep writing them down every year - and at the slow rate the company is writing them down, I believe there is a lot more to come. Hard to come up with a valuation for the group. However, if you believe that interest rates will stay lower-for-longer, then GLIF is doomed because it has too much expensive debt to ever make a profit.
kenny
25/9/2017
09:52
should be sub 10p soon
my retirement fund
25/9/2017
09:35
Well the share price has reacted - not much faith shown there either.
fenners66
25/9/2017
09:26
You probably won't find many positives amongst the financials but there are seemingly a few straws to clutch at. Sancus BMS appears to be performing quite well; FinTech Ventures less so although management seems more +ve on the outlook for this division; might the worst of the write downs now be behind them? "I am confident in the prospects for the Sancus BMS businesses - these are good businesses, well run, with strong potential" "Strong [Sancus BMS] performance of managed loan book with growth of 46% over the last twelve months to £184.0m, with default rate at less than 0.5%" "we consider the investments in our FinTech portfolio now offer potential for capital gain from the values at which they are currently being held" "The Board are aware of the importance of paying a sustainable and growing dividend and look forward to being in a position to resume the payment of dividends when the Group's cash-generation permits." Of course words are cheap so until the business can demonstrate through hard financial results that it is making profits & growing in value to the benefit of ALL shareholders, it is likely to be valued by the market accordingly. Aimho
speedsgh
25/9/2017
07:59
Loss of £15m Any good news in there?
fenners66
05/9/2017
15:57
Thanks Speedsgh. I had long forgotten about that announcement.
joan of arc
05/9/2017
14:56
JoA - The following is from the Aug 2016 strategic update... Underwritten placing and strategic update - HTTPS://www.investegate.co.uk/gli-finance-limited--glif-/rns/underwritten-placing-and-strategic-update/201608090700116011G/ Update on dividend policy The board of directors of the Company (the "Board" or the "Directors") announced in December 2015 that it was setting the dividend payable on the Company's ordinary shares at a level which would provide sufficient flexibility to ensure that the Company is able to support its rapidly growing platform assets and that it expected to pay a dividend of not less than 2.5p per annum on a quarterly basis. The Board has resolved that the Company will maintain this policy up to and including the payment of a final dividend in respect of the 2016 financial year. However, GLI is a growing company with opportunities to invest and secure its position as a leading specialised FinTech lender.‎ The Board considers that it is in the best long term interests of Shareholders that the FinTech platforms in which the Company remains invested, which are still in the early stages of development, should be allowed the time and the funding to develop their full potential. In light of this, the Board recognises that paying dividends in the short term should not compromise the opportunity to enhance shareholder value over time. Whilst the Company's objective is to continue the payment of dividends, from 2017, dividends will only be paid when fully covered by cash earnings (sustainable operating income plus returns from the periodic sales of investments) arising in any one financial year. This reflects a balance between ensuring that the Company has the resources to make the most of its opportunities to create longer term shareholder value and providing for the payment of a progressive dividend. The Board recognises that this change in policy necessitates a change in the frequency of dividend payments, from quarterly to semi-annually (September (interim dividend) and March (final dividend)), with a weighting in payment towards the final dividend. The Board will consider the quantum of the interim and final dividends as part of its half-year and year-end meetings respectively. This will allow adequate time for the assessment of cash earnings from GLI's operations (in particular the newly created Sancus BMS), and any asset sales.
speedsgh
05/9/2017
14:50
Does anyone know what the dividend policy for this share is now? Or did they just quietly drop them?
joan of arc
18/7/2017
18:42
"FundingKnight has increased the number of sales people focusing on the UK market across its existing geographical footprint." ie. it has increased its run rate losses in a double or quits strategy To be fair look at what happened to Netflix share price last week on the basis that it increased its subscriber base! Who needs to actually make profits?
makinbuks
14/7/2017
14:51
RNS Number : 1419L GLI Finance Limited 14 July 2017 GLI Finance Limited ("GLI Finance" or the "Company") FundingKnight granted full FCA authorisation GLI Finance is pleased to announce that its specialist peer to peer/marketplace lender, FundingKnight, has been granted full authorisation from the Financial Conduct Authority (FCA). FundingKnight has been operating under interim permissions since 2014, when the FCA commenced the process of regulating the peer-to-peer industry. This is an important milestone for the business and demonstrates its commitment to maintaining the expected standards of regulatory compliance designed to protect both funders and clients. It is also the Company's intention to move FundingKnight into the Sancus BMS Group of companies (also known as Pillar 1) operating alongside Sancus Finance, its specialist working capital finance provider. This structure will expand the Group's alternative finance offering into the UK asset based lending market and allow the business to take advantage of a broader range of commercial opportunities. In anticipation of this approval, FundingKnight has increased the number of sales people focusing on the UK market across its existing geographical footprint. For further information, please contact:
cheshire2
11/7/2017
10:51
£10k purchase by a NED. Suspect it might take somewhat more than that to turn around sentiment here! Director/PDMR Shareholding - HTTPS://www.investegate.co.uk/gli-finance-limited--glif-/rns/director-pdmr-shareholding/201707101711436435K/
speedsgh
05/7/2017
13:27
I should think the "Minority Investors" were delighted to get £350k returned to them for their 10% stake plus the prefs at par!! How can a business losing £2m on a T/O of £0.9m and net assets of £0.9m be valued reasonably at £3.5m? Bear in mind those figures are six months old so there will have been another loss this year and reduction in the net assets. The only positive thing I can say is it is another step in simplifying the structure of the group, but what a price to pay!
makinbuks
05/7/2017
03:13
GLIF is being blead by the BOD !!!
garycook
04/7/2017
23:32
A £2m loss on £0.9m turnover is pathetic. I sold the remainder of my holding a week or so ago ....
fenners66
15/6/2017
12:11
To all holders in GLIF,you should really sell now.I can see,and I am convinced that GLIF will,over time,just shrink. I think they made a big mistake by investing in so many p2p platforms.In order to do so they issued shares like confetti and when the market would take no more ordinary, they changed to issuing loan stock. Over the next few years, I imagine there will have to bite the bullet with more right downs, and eventually Somerston will buy out the remaining ordinaries at a fraction of todays price after it is below 10p. I have seen this before - Somerston have out themselves in a controlling position and although they have paid more than 10p to get to that position, there is no way they will pay more than pennies to get the rest - because they can block anyone else. Don't be swayed by the dividend which in any event is now restricted to cash earnings which will probably be a loss for the year.My advice is to sell out of GLIF now.GC
garycook
01/6/2017
08:30
One thing I have learned from a few years on ADVFN is that if you see two or three people holding a rational and informed debate on a share (rather than just mud-slinging) then there is frequently a great opportunity lurking under the surface. And that opportunity is either to lose 100% or to make 200% or more - its then just a question of assessing the relative probabilities of the differing outcomes. My take is that its worth a tiny punt - and that is all I have ever held here. My gut reaction when they started gambling on P2P was that their business model was highly risky - unfortunately I did not follow my instinct. Now - my instinct is that upside potential makes it worth maintaining a tiny holding - but treat it the way I treat my EIS/angel investment funds, knowing full well that there is at least a 50% chance of total loss, but hoping that there is something there that will come good.
future financier
01/6/2017
07:26
Kenny.PM for you.
garycook
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