Nice to see this up -
Good rns -
Have a historical small holding here - |
Do you know ? |
Dexterity who are the Morton Family |
 Sancus Lending Group Limited Director/PDMR Shareholding (9408V)
07/12/2023 7:00am
UK Regulatory (RNS & others)
Sancus Lending (LSE:LEND)
Intraday Stock Chart
Thursday 7 December 2023
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TIDMLEND
RNS Number : 9408V
Sancus Lending Group Limited
07 December 2023
7 December 2023
Sancus Lending Group Limited (the "Company")
Director/PDMR Shareholding
The Company announces that Rory Mepham, a Director and CEO, has purchased 1,000,000 ordinary shares in the capital of the Company ("Ordinary Shares") as follows:
Director/PDMR Ordinary Shares Price per Total Holding % of the Company's
Acquired Ordinary following issued share capital
Share (pence) Purchase now held
---------------- --------------- --------------- ----------------------
Rory Mepham 500,000 0.54 1,500,000 0.25%
--------------- ---------------- --------------- --------------- ----------------------
Rory Mepham 500,000 0.55 2,000,000 0.34%
--------------- ---------------- --------------- --------------- ---------------------- |
These big figures dnt mean nothing they work on tiny margins and have a loss making business |
Funding for the JV’s lending operations will be provided through a combination of funding sources including a £30m facility provided by the Morton Family, the respective existing co-funder networks, existing and new loan notes, and other institutional sources of funding, including the Sancus Group's £125m facility with Pollen Street Capital. |
Sancus Lending Group has entered a JV with Hawk Lending Limited (HLL) to form a new property alternative finance lender and debt advisory business operating in Jersey.
HLL forms part of the Hawk Group, a Jersey-based high-net-worth family office providing a range of debt and debt-equity solutions and advisory services, investment solutions and property development services.
The company was founded by Robert Morton, chairman at Hawk Group, and predominantly funded by the Morton family.
Under the terms of the JV agreement, the new Hawk businesses will be equally owned by Sancus Group and Hawk Group.
Rory Mepham, CEO at Sancus, and Robert will be appointed to the board of the JV.
The new Hawk business, which will focus on development and bridge finance, represents a union of expertise, capital, and lending market experience. It is expected to provide access to a wider pool of potential co-funders and wholesale finance opportunities.
Funding for the JV’s lending operations will be provided through a combination of funding sources including a £30m facility provided by the Morton Family, the respective existing co-funder networks, existing and new loan notes, and other institutional sources of funding, including the Sancus Group's £125m facility with Pollen Street Capital.
Rory commented: "This JV with Hawk gives Sancus the opportunity to partner with a highly respected local family office.
“We are bringing together the best of our respective businesses and are confident that this will enable the diversification of our funding sources, and variety of products offered to clients to further grow our assets under management.
Robert added: "This strategic partnership signifies an important step towards realising our vision for a more dynamic and robust lending landscape in Jersey. |
See yesterday's rns. Bob morton is back in down. Nice to see you here. You bought in? |
Could be a top riser today. |
Bob Morton now involved here. Should be interesting. |
applied, you refer to the CEO? He spent £5k!! |
James,the directors just bought in so I think I will have a small punt .Good luck all . |
I have not looked at the company in detail for two years, but I suspect that there are many better investment opportunities around. I also think that there is a material risk that the company will delist. I am not sure why it still maintains an AIM listing as I suspect that there are very few PIs left. I assume that Somerston Golf is still the largest shareholder. |
ThanksJames.is there a possibility they can turn this around make a profit? |
It has been on a depressingly downward trajectory since around Autumn 2015 after the then CEO executed a series of catastrophic deals for which he was deservedly sacked. Various attempts to reposition the company have failed, despite changed personnel. I bailed out - too late. I would avoid. |
Can anyone give me some insight on this share,is it worth a punt ? |
13 June 2023
Sancus Lending Group Limited
Director/PDMR Shareholding
The Company announces that Rory Mepham, a Director and CEO, has purchased 1,000,000 ordinary shares in the capital of the Company ("Ordinary Shares") as follows: |
Not in the Party - |
City Slicker (@Ria2874) tweeted at 9:47 am on Tue, Jun 13, 2023:Thank you for your and traders insight into BoE raise rates coming. Are you able to do technical charting and analysis on #lend It has broken past 50 day and 100 day moving averages and the CEO has bought today and seemed primed for a massive reversal and breakout.(https://twitter.com/Ria2874/status/1668540653788176384?t=4j3RTJ7vkOFkAvBW7mXoRA&s=03) |
Late to the party ? |
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