Gli Finance Share Discussion Threads

[eekorehc] 19/6/2015 12:57

Not forgetting the directors bought at the backend of March at a higher price than todays price.

James Carthew
Non-executive
Director 12,500 57.7 262,500 0.13%
Geoff Miller
Chief Executive
Officer 40,000 58.0 2,110,802 1.02%
Marc Krombach
Managing Director 172,413 58.0 172,413 0.08%

[speedsgh] 19/6/2015 12:36

Latest P2P trust targets £100m as alternatives boom continues -

[james188] 19/6/2015 12:28

It will be interesting to see the composition of the £20 million seeded loans. Particularly the percentage that were initially funded by GLIF. I agree with the previous post in that the income stream should help support the dividend and hopefully boost the share price, which has been drifting recently.

[neilyb675] 19/6/2015 12:23

div payment should be anytime about now...

[valuegrowth] 19/6/2015 12:14

"The trust will target an annual yield of 8% and aim to be fully invested within six to nine months. The company will seed the portfolio with around £20 million of its current loans and charge an annual fee of 0.75% on the lower of assets or market value up to £100 million, and 0.5% thereafter. There will be no performance fee."

It will certainly boost the dividend coverage with £750,000 income in the first year and a recurring £500,000 thereafter.

As for the transfer of loans, I would expect that the proceeds will be reinvested in generating more loans or invested in new equity stakes.

[danieldruff2] 19/6/2015 11:19

"The company will seed the portfolio with around £20 million of its current loans" - does this mean we're likely to see some form of share distribution for GLIF holders in the new trust?

[zouppy] 19/6/2015 11:05

Would appear that the new fund is moving ahead

'hxxp://citywire.co.uk/money/gli-finance-aims-for-8-yield-with-new-debt-fund/a821590?ref=citywire-money-latest-news-list'

[valuegrowth] 17/6/2015 11:05

For those of you on Twitter, check out
GLIF Finance put out a tweet yesterday saying:
"GLI seeking to launch a UK investment trust investing in SME finance assets originated through its own platforms"

So perhaps an announcement is coming soon?

[badtime] 16/6/2015 21:00

Lol....not yet..I have a relatively small holding ..and if fundamentals don't change I'll consider adding a little ..but not yet

[my retirement fund] 16/6/2015 19:49

Not another top up 3 u by? I thought u were a risk adverse chap.

[jaws6] 04/6/2015 15:18

dave
Thanks ,will chase up tomorrow.

[james188] 04/6/2015 14:50

Thanks Dave.

[davebowler] 04/6/2015 14:16

Yes, I had an email from them.

[james188] 04/6/2015 13:53

The fact that N+1 Singer are working with GLIF on a new fund is in the public domain. However, I have not seen a figure of £200 million mentioned before. I had understood that it was going to be materially less than that - at least to start with. Is this a direct source, Dave?

[jaws6] 04/6/2015 11:33

any more info on that ?
Edit not seen yet.
Only if you can,Tks

[davebowler] 04/6/2015 11:31

N+Singer are raising £200m for a new I.T. managed by GLIF.

[eeza] 03/6/2015 10:25

They marched them up the hill......

[skinny] 03/6/2015 10:24

The chart did have a look of an yesterday...

[paleje] 03/6/2015 10:18

Looks like it was from TW, which is probably why its moved the wrong way. It should pick up, it's good value.

[2gekko] 02/6/2015 13:10

nw99 ... where's that from?

[nw99] 02/6/2015 12:48

Together with the still very attractive dividend yield (the latest 1.25p per share quarterly dividend due on 19th June, after a 30th April ex-dividend date), despite still being comfortably ahead of the 49.5p at which the shares were initially tipped by ourselves, we remain content to, at worst, hold. Our target price is 70p+

[lord gnome] 02/6/2015 08:17

GLIF may not itself become a target for sector consolidation, but hopefully its spread of interests in crowd-funding sites means that some of its investments may themselves become targets. This could produce a very nice payout or three which, would undoubtedly have a beneficial effect on our share price.

[boadicea] 01/6/2015 23:04

Although the chart would look better without the dip below 55p, I think we can now take it as having been a minor aberration in a generally upward trend channel - provided we don't get another one.
My last top-up (after which I considered myself fully loaded) was around the current level, so feeling relieved to have got back there coupled with a reasonable expectation of further progress.

Alternative finance facilitators, cybersecurity and navigational/tracking technology look like three of the most promising technical growth fields at the present time. There is a degree of consolidation occurring in all three which helps crystallise gains for holders of the target companies. I doubt that GLIF will itself become a victim (target) of corporate action but should benefit from the general buoyancy it produces.