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 Shares Traded Last Trade
  0.00 0.0% 2.25 42,221 01:00:00
Bid Price Offer Price High Price Low Price Open Price
2.20 2.30 2.25 2.25 2.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.14 -9.69 -3.26 7
Last Trade Time Trade Type Trade Size Trade Price Currency
14:46:05 O 22,160 2.295 GBX

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Date Time Title Posts
21/8/202013:53GLI Finance - SME Finance leading player706
19/10/201509:28Greenwich Loan Income Fund1,924
01/6/201507:15Greenwich Loan2

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Gli Finance Daily Update: Gli Finance Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GLIF. The last closing price for Gli Finance was 2.25p.
Gli Finance Limited has a 4 week average price of 2.15p and a 12 week average price of 1.80p.
The 1 year high share price is 5.55p while the 1 year low share price is currently 1.80p.
There are currently 308,980,523 shares in issue and the average daily traded volume is 8,815 shares. The market capitalisation of Gli Finance Limited is £6,952,061.77.
james188: I highly doubt that the director purchases were a share price support operation. There are very few PIs left and most of the stock is with instis and family offices - most conspicuously Somerston. It is a special situation that could go either way. The judgement call is how much ongoing financial support to provide for the FTV division from the Sancus BMS division - i.e. is it good money after bad or is there any value at all left in FTV?
kenny: Interesting that they have stopped giving NAV in their results. I would compute “real” NAV at about 6.5p currently, as follows: NAV per balance sheet £74.8m Less: Goodwill -£25m Fintech investments -£29.5m “Real” NAV £20.3m Divided by 312m shares = 6.506p For a loss making company, the goodwill should be written down to nil unless the loss is temporary. The Fintech investments are loss making and, in my opinion, not worth anything. If banks are having difficulty in making profits because interest rate margins are too tight, what chance the Fintech companies with their expensive borrowings. My current “real” NAV of 6.5p will, I believe, come to fruition in coming years because as those Fintech companies close, because they run out of money to finance their losses, GLIF will be forced to write down the investments and any related goodwill. With no dividend, continuing losses and continuing reduction in NAV, I cannot see that GLIF has any attractions as an investment – even if the share price eventually moves down to 6.5p. All in my opinion so DYOR.
cheshire2: Agree - an absolute discrace..........i've emailed them to say so. don't know how they can sleep at night. They must have the share price chart on the wall upside down !!!
guernseymoney: A very messy company with reckless investment approach (i.e. financing "FinTech" junk) and total disdain for shareholders. Proof is in the pudding, with a plummeting share price, which is well-deserved. The directors and company has a foul reputation here in Guernsey in the chattering classes. 5p then bust. Goodbye GLI.
cheshire2: Can only assume they expect the share price to go up that far over the next three years or smoke and mirrors to make us think the price will be going up. They call it an incentive - you would think senior management who are already on a good wage compared to most of us would not need an incentive but that's aim companies for you!! GREED AT THE TOP - SOD THE WORKFORCE THAT MAKE THE MONEY FOR THE COMPANY AND SOD THE SHAREHOLDERS !!!
egonwe: 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....
fenners66: Well the share price has reacted - not much faith shown there either.
kenny: The Sancus BMS businesses produced a return on gross assets of 2.12% (page 24 of the annual report) - so that is hardly anything to write home about - and it is unclear if that was before or after an expense ratio stated as being 48.5% (presumably 48.5% of gross income from loans). You cite "decent increases" in the size of co-lender loan books. The operating profits for Sancus BMS increased from £2.6m to £3.537m in 2016 (page 25). Those profits are small figures in the context of the overall group and it's market capitalisation. Therefore, they are very unlikely to be the saviour of the group. They would have to increase revenue "over 25%" for quite a few years just to achieve break even as a group. Markets being what they are, the company may not have the luxury to keep trading at a loss indefinitely on the promise that one day it will become profitable and/or one of their investee companies will hit the jackpot. Besides which, if the big banks are finding it hard to make money at current interest rate margins, what chance GLIF? Unlike GLIF, the big banks do not have expensive loans they have to service; they mainly rely on customer deposits which they pay very little interest upon. Since I started having a close look at GLIF, having not been a holder here for about 3 years, I have come to the conclusion that I would not invest unless the share price was at or about 5p. Above 5p per share, it is just a big gamble that someone who has more money than sense comes alone with a bid at, say, 10p per share. I would need that large of a margin of safety because there would still be a fair probability of a total wipeout. I know the above valuations may seem absurdly low to someone who looks at the share price graph. However, what I have found out is that the destruction of capital has been more or less total - even to the extent that I am not at all certain that there is anything to invest in here - at any price! I am quite shocked that a company that previously had a great business investing in CLO loans has destroyed more or less all value by selling that portfolio and gambling the whole lot in P2P start-ups. The previous management also issued shares and loan capital to raise yet more money to invest in P2P start-ups! Turning the valuation question on it's head - what is a company that is likely to be loss making for many year's to come and with dubious assets worth? I believe it is only worth hope value because unless there is a take over or windup, a shareholder receives nothing for the foreseeable future. Further, "foreseeable future" may become infinite if the company keeps going just to pay the directors salaries while gradually consuming its assets in annual operating losses and asset write downs. The above is not intended as investment advice - no doubt the share price will have many bounces over the next few months and years, but I think with both a) the balance sheet not yet reflecting a true write down in the value of assets/investments and, b) operating losses (never mind investment losses) continuing for the foreseeable future (or at least until base rate exceeds 5%, which may not be in our lifetime), the overall long term trajectory in the share price will be down. As always, I think the question is - what are you getting if you invest here? I certainly cannot find anything that is either sustainable or of substance compared to the current market capitalisation but I remain open to being convinced otherwise?
kenny: I have not been a shareholder in GLIF for a little over 3 years and while it is sad to see investor’s lose money, I am surprised that there are still individual investor’s holding on. Losses that are continuing from trading and past investments mean there is unlikely to be another dividend paid anytime soon. The expense base also seems too high for a viable business to emerge. I think the end game has already been written – in common with what has occurred in many similar situations I have seen - where there is one controlling holder. The share price will continue to steadily deteriorate over the next few years and eventually the controlling shareholder will step in with an offer. I have no idea when that will happen or what the buyout price will be but, based upon figures I ran today, I am guessing that it will be at a single digit price e.g. 9p or lower. At that time, with the share price having reached a level below the buyout price and traded below that buyout price for some time; then holders will be glad to be put out of their misery. Of course, I could be proved wrong but the odds are heavily stacked against holders at the current share price. Note that I have no position in GLIF and have never shorted any share.
cerrito: Been a bit late on catching up with the SMEF situation. Given the need to sort out the Sancus loan big picture it makes sense and hence logical that the share price has gone up a bit. There is time pressure if it is going to be done by the 15 March loan maturity given need to change asset manager and arrange the sale and I see since the announcement SMEF's share price has fallen to 89.5. I assume the Sancus loan would have to be extended even if this deal were to go through.. I see that in H1 16 Glif@s 50% owned asset management company-Amberton- had a £149k loss so the loss of the mandate will not be the end of the world- at the end of 2015 I seem to remember Edison were forecasting huge management fees from GLAF as it then was. I need to work out how much of a loss it will be for GLIF not to have SMEF as a stuffee for their loans. If I have time to do more catching up may buy some more
Gli Finance share price data is direct from the London Stock Exchange
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