Gli Finance Share Discussion Threads

[wirralowl] 19/10/2015 10:41

Hi bluemango,

Nice thread. Perhaps you could you add a website link and/or chart of their newly launched alt. finance fund (GLAF)too ?



Cheers
WO

[neilyb675] 19/10/2015 09:29

chunky div, ex on 29th Oct.

[bluemango] 19/10/2015 09:28

To keep things up to date, and because Aleman seems to have departed us as a shareholder or active poster, I've taken the liberty of creating a new thread with the correct company name (changed as long ago as April 2013)

Here's the link if people are happy to use it:

[mylands] 19/10/2015 08:23

RNS announcing 3rd Qtrly Dividend. Shares go ex on October 29th and pay 1.25p on December 29th.

[bluemango] 17/10/2015 22:38

New thread with the 'new' company name (changed as long ago as April 2013)

[bluemango] 17/10/2015 22:32

GLI Finance Limited. High-yielding investor in Alternative Finance platforms.






Links to website and Advfn thread for GLI Alternative Finance PLC (GLAF), Fund 76.5% owned by GLI Finance:

[bluemango] 17/10/2015 17:25

Good article published by Geoff on the 15th, usefully putting things in perspective:



"We should work with the regulators to ensure an appropriate regulatory structure is in place, and in a jurisdiction in which there is regulation, we should never seek to set up a platform and back-fill the regulatory approvals as we go along. Too often I have heard from platforms “the regulators don’t really worry about us, and we’ll deal with them when we have to”. Needless to say, we have never invested in a business with such an approach, but others have. To investors in platforms (and to platforms potentially looking at M & A) I would say, do your regulatory homework and where a platform has not got all the boxes ticked from a regulatory perspective, walk away."

[jonwig] 15/10/2015 20:35

It's likely that this sort of thing is a major reason for GLIF's poor rating. Dodgy practitioners are dragging down the rest.

It's to be hoped that Louise Beaumont and GLIF will help drive that forwards.

[bluemango] 15/10/2015 20:17

Another article on the issues at TrustBuddy mentioned above (thankfully not one of GLIF's platforms!)



“A strict and enforced regulatory regime will lead to consolidation and rationalisation of what is currently a fragmented marketplace. This should be welcomed as it will ensure that the best business models and most professionally run, compliant organisations are able to succeed.”

[hieronymous1] 14/10/2015 22:37

FIRST QUOTED P2P LENDER REPORTS ITSELF TO POLICE IN SWEDEN

Louise Beaumont, head of public affairs at UK-based GLI Finance, which invests in alternative finance platforms, said: “This is a nascent sector, and it’s one reason why we have been calling for appropriate and enforced regulation for so long.”

She added: “We have seen unacceptable practice like this and we have been flagging it as a concern for some time. We have rejected businesses at the due diligence stage where the client money was not segregated.”

[jonwig] 13/10/2015 09:25

Verus360 is an online business, so a lot can be done 24/7.
I see their office in on the Euston station precinct, next to a massage parlour. We must hope Verus' accountants don't learn too much from that.

[daveb12] 13/10/2015 06:13

Cerrito, i would not worry about the work hours. i bet vast majority staff will be in at 8 leave at 6 and eat your sarnies at the desk.
With the new purchase and hopefully others on their way it is good news that they are spreading risk and reducing the percentage of risk in any one businesses from my point of view.
one or some of the investments like any institution like this will go wrong over the years. the minimum they have in any one deal the better. this will ensure when one does go down it will only affect the price minimally.
i have topped up again due to 10% div and pretty hopeful price increase over next year or so.

[cerrito] 12/10/2015 19:56

Went onto the Verus360 website but did not larn much; as far as I can see they fund their loans.
Interested to see their hours are 9/5..I would have expected from such a start up longer opening hours

[james188] 12/10/2015 14:43

Now that GLAF is up and running, I expect that there will be a number of further announcements along the lines of the RNS issued this morning. Whilst I guess it is significant as the first origination in which GLIF and GLAF have participated since the fund was set up, it is the overall level of activity which I believe is more important. Coming on top of the package of loans that GLAF bought from GLIF/Sancus, which was announced last Thursday, it looks as if GLAF will soon need to tap investors for further funds.

[mylands] 12/10/2015 09:00

The third interim div should be announced this week (last year on Oct 13th and ex on Oct 30th), for payment in December. Buy now for T20, while the share price is close to its 2 year low and get the div.

[jonwig] 12/10/2015 08:40

Thanks all three: yes, of course! If the loan is an option to convert, it could make good sense.

[mylands] 12/10/2015 08:38

jonwig

Seems to me you have your conversion rts the wrong way round. The loan by GLIF is convertible into 14% of Verus360, not Verus 360 getting 14% of GLIF.

[cwa1] 12/10/2015 08:35

Hi jonwig

When I read it first thing in the morning I had taken that to mean a 14% stake in Versus360 rather than a 14% stake in GLIF.

Edit, as mentioned quicker and more succinctly above!

[exmooroil] 12/10/2015 08:32

14% of Verus360.

[jonwig] 12/10/2015 08:29

GLIF announcement: ...has agreed to partner Verus360 Limited ("Verus360"), a Bibby Line Group ("BLG") company. GLI will support Verus360 with a £5 million loan facility which has conversion rights, which are expected to provide the potential for a stake of approximately 14% in the business in the longer term.

GLIF's MCap is about £107m Surely this RNS can't be suggesting that the £5m can be converted into a 14% stake. That would value GLIF at £35m. And since "potential for a stake" could mean anything, why were they not more explicit?