Gli Finance Share Discussion Threads

[skinny] 28/9/2015 10:00

Edit - as above.

[exmooroil] 28/9/2015 09:56

The holdings RNS refers to GLIF's holding in the newly launched GLAF.

GLIF received 40.27m shares in GLAF as payment for the [edit] loan portfolio it transferred (sold) to GLAF. GLAF has 52.7m shares in issue, hence GLIF holds 76.4% of GLAF.

See "edit" - CLO portfolio went to Fair Oaks earlier in the year.

[boadicea] 28/9/2015 09:49

It is clear that the restructuring and expansion of this company is very much a work in progress and promises much, albeit with a degree of risk as is evidenced by the yield factor. Overall, I am very satisfied to have (for me) a significant stake.

I am struggling to make sense of the the second rns this morning about shareholding. The threshold declaration states 10%, the detail figures claim 76.4% 'direct' and my own calculation comes to 19.4%! [40.27m/207.46m]
Perhaps a correction will follow?

[nw99] 28/9/2015 08:52

Yes next few months really look good

[trulyscrumptious] 28/9/2015 08:28

Excellent. I especially liked the line from Geoff Miller, '...we should see real progress over the coming months.'
Topped up with a few more.

[nw99] 28/9/2015 07:06

Geoff Miller, CEO said:"GLI has continued its rapid transformation into a leading player within the SME finance sector globally. As a unique listed business we are the diversified play in a sector, which is beginning to attract a great deal of attention. The focus for GLI for the remainder of 2015 is on completing the balance sheet transition, to better underpin and at least maintain the dividend, and on growing the existing platforms organically and potentially by acquisition. We now have very significant origination potential, and this provides the wherewithal to potentially build a significant asset management business, that would be immediately accretive to shareholders. In summary, we have spent the past three years positioning the business to take advantage of the alternative finance sector's growth dynamics and we should see real progress over the coming months, as we continue to capitalise on the growth opportunities in our markets. GLI has a unique range of 19 SME finance platforms that span asset class and geography. We are now entering a phase of scaling these platforms significantly so that they can lend to a greater number of businesses and help GLI deliver enhanced returns for its shareholders."

[james188] 24/9/2015 17:22

Because the article summarises aggregate exposures per lender, having detailed the total number of loans/range within the Initial Portfolio. There are two FK loans within the circa £14.6m total.

[future financier] 24/9/2015 16:26

Quote from that article "The initial £40.27m portfolio is comprised of 55 separate loans, ranging between £35k and £9.53m in size. The largest exposures contained within that portfolio are £14.6m to FundingKnight, £5.1m to Legion Trade Finance, £3.7m to Proplend and £2.3m to LiftForward." - but isn't the exposure to FundingKnight of £14.6m greater than the largest loan of £9.53m? - how come???

[james188] 24/9/2015 15:53

An interesting article about the new fund was posted on the AltFi website this week - hxxp://www.altfi.com/article/1383_gli_fund_launches

Note that the Sancus loans should also have been included in the list of largest exposures within the portfolio.Now that the new structure is in place, I expect that there will be a fair amount of activity over the next few months.

[jonwig] 24/9/2015 11:38

The true spread is 51 - 51.25. (I bought earlier at 51.25.)

[jaws6] 24/9/2015 09:56

post 1863 says 12.7 mil raised not £ 5 m
We will hear more on result as per post 1864

[speedsgh] 23/9/2015 13:42

Probably reason to be worried if ShareProphets are recommending them as a buy! They are scoundrels.

[trulyscrumptious] 23/9/2015 13:35

hxxp://www.shareprophets.com/views/15221/gli-finance-launches-closed-end-fund-shares-are-a-buy-yield-95

[garycook] 23/9/2015 13:03

Good for you nw99.

[nw99] 23/9/2015 12:12

Results next week just topped up with 30,000

[skinny] 22/9/2015 07:43

GLI Finance Limited ("GLI"), a leading provider of finance to small and medium sized enterprises in the UK, US and Europe, announces that it has successfully launched GLI Alternative Finance plc ("GLIAF"), a closed end fund focusing on a loan portfolio diversified by geography, asset class, duration and security.

GLIAF intends to achieve its investment objective by investing in a range of loans originated principally through the investee platforms in which GLI holds strategic equity investments. GLIAF may also make investments through other third party alternative lending platforms that present suitable investment opportunities.

GLIAF raised aggregate gross proceeds of £52.7 million pursuant to the issue, as described in the prospectus published by GLIAF on 1 September 2015, under which a portfolio of loans has been transferred by GLI to GLIAF in consideration for the issue to GLIF of 40,270,763 shares in GLIAF. Applications have been made for admission of the Ordinary Shares to trading on the Specialist Fund Market of the London Stock Exchange and admission is expected to take place at 8.00 a.m. on 23 September 2015.

-ENDS-

[garycook] 19/9/2015 05:16

FF,You were correct. Someone did a Limit sell at 49p.Lowest I could have purchased was 50.1499.Then price went to 50.70.So topped up in my SIPP and 2 other Portfolio,s.with the Dividends. Hopefully bottomed.

[future financier] 18/9/2015 10:46

Looks very like a "head and shoulders" - but I think we probably will find strong support at 50p

[bluemango] 18/9/2015 10:38

Quarterly dividend pay date today.

Yield at current offer price is now 9.8%, in a sector that has shown recent and projected continuing growth.

[bluemango] 15/9/2015 11:42

Interesting article. One way Glif might benefit is described in this comment:

"We may see some of the larger platforms ... taking over the loan books of platforms that don’t make it through the authorization process."

[ifthecapfits] 15/9/2015 11:34

Thanks.

GLIF should be one of the winners - hopefully!

[jaws6] 15/9/2015 11:16

hxxp://blogs.wsj.com/moneybeat/2015/09/15/fast-growing-p2p-sector-set-for-shakeout/

[my retirement fund] 08/9/2015 21:00

A fresh low for the year and certainly not far away from crashing below that 50p support level, Just a few more trading days possibly?