Gli Finance Limited

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Gli Finance Limited LSE:GLIZ London Ordinary Share GG00BTDYD136 ZDP NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 136.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
131.00 141.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unit Inv Tr, Closed-end Mgmt 9.99 -14.06 -2.40 - 8.88
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 136.00 GBX

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Date Time Title Posts
17/11/202008:35GLI Zeros22

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Posted at 01/5/2019 10:26 by davebowler
1 May 2019

GLI Finance Limited

("the Company")

Transaction in Own Shares & Total Voting Rights

The Company announces that on 30 April 2019 it purchased 600,000 zero dividend preference shares of no par value ("ZDP Shares") at a price of 117.5 pence per ZDP Share. All of these shares will be held as treasury shares.

Following the above transaction, the Company has 20,791,418 ZDP Shares in issue, of which 4,346,634 ZDP Shares are held by the Company as treasury shares.

For further information, please contact:

GLI Finance Limited

Andy Whelan

+44 (0)1534 708900

Liberum Capital (Nominated Adviser and Corporate Broker)

Posted at 12/10/2018 11:06 by davebowler
From Quoted Data


01 October 2018 Maturity Date Unexpired life
Price today Net asset value
Current GRY Final
Final asset
Issue size
(millions of

GLI Finance ZDP : GLIZ 05/12/2019 1.18 112 122.7 GRY 14.03% mat 130.7 cover 3.3x 20.4

Posted at 17/1/2018 20:34 by yieldsearch
at 103 the GRY is more than 13%! on a zero dvd pref share!! ie distressed
Posted at 15/3/2017 06:52 by secureserenity
The Zeros look like good value, if Liberum estimate of their cover is correct. Looks like their price is picking up in recent days. GRY is around 8 1/2 per cent, so still look like good value, unless people think the company is likely to fail in the next 3 years?
Posted at 21/2/2017 10:14 by davebowler
Specialist Finance

SME Loan Fund (Mkt Cap £49m)
Proposed change of manager and secondary placing

The SME Loan Fund is in discussions to appoint SQN Capital Management as investment manager of the fund which is conditional on a secondary placing of GLI Finance's 48% stake in the fund. If the secondary placing is not completed, the directors will propose an orderly realisation of SMEF's investments and return of surplus capital to shareholders via mandatory redemptions.

GLI Finance is seeking to place its stake in company at 90p per share (3.2% discount to the current price and 9.6% discount to NAV) which would value its holding at £22.7m. The proceeds would be used to repay the £14.9m syndicated loan on GLIF's balance sheet which expires on 15 March 2017.

If the secondary placing is successful, the investment policy of the fund will be amended to focus on wholesale lending, trade and receivable finance and collateralised lending opportunities. The target dividend will be rebased to 6.25p or an annual yield of 6.3% based on the NAV at 31 January 2017. SQN will be entitled to a 1% management fee and a 1% structuring fee on new investments. Shareholders will have the option to consider the future for the company if the shares trade at more than a 10% discount over any three-month period and a continuation resolution will be proposed if the net assets are below £250m at 31 December 2019.

Somerston Group (28% holder of SMEF) has indicated it will support the proposals.

Liberum view
This would appear to be a beneficial solution for all parties as the fund is sub-scale and the appointment of SQN Capital is likely to improve the company's ability to raise further capital given the manager's track record from SQN Asset Finance. For GLI Finance, the sale of the SMEF stake would allow the company to simplify the company structure and repay short-term debt. We estimate the gross cover on the GLIF's ZDP shares (which have a gross redemption yield of 10.1%) would rise from 3.1x to 3.9x on a pro-forma basis.

Posted at 09/8/2016 09:27 by davebowler
Liberum re GLIF £7m placing

GLI Finance Ltd. (GLIF) has announced its intention to raise gross proceeds of £7.1m through the placing of 23,020,560 new ordinary shares. The issue is fully underwritten by Golf Investment Ltd, who will subscribe for approximately 75% of the placing (17.7m placing shares). The remaining 25% or 5.4m shares are to be placed with relevant persons as identified by the bookrunner and to the extent that this portion of the placing shares is not fully taken up, Golf will also subscribe for the balance. The placing price of 31p per share represents a 14% premium to the 8 August closing price and a 15% discount to the last published NAV (on a ex-income basis). It is expected that the new shares will be admitted to trading on AIM on 15 August 2016.

In relation to the dividend policy, GLIF has confirmed that it will pay a 2.5p dividend for 2016. From 2017 the company will only pay a dividend when fully covered by the financial year's cash earnings. The company intends that it will continue to pay dividends to holders form 2017, but this change is to enable the company to take advantage investment opportunities and to fund growth of investee platforms, enhancing shareholder value in the longer term rather than focusing on short term income.

The company currently trades at a 28.4% discount to NAV.

Posted at 27/1/2016 19:16 by yieldsearch
am i right to say that the yield here is 7%ish at 100.50 traded price ?
is there a shareholder list available on this?

Gli Finance share price data is direct from the London Stock Exchange
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