Bluebird Merchant Ventures – joint venture partner ‘declines to approve’ but this looks a blessing in disguise...
I guess that GLI Finance (GLIF) thought that sneaking out an AGM statement with a ghastly admission of management reward for failure at 4.52 PM on a Friday evening might go un-noticed. It reckoned without the stockmarket anoraks who run this website. Its attempt to bury bad news thus deserves, and will now get, a wider audience.
Next up is Andrew Whelan, the new head guy at GLI Finance (GLIF). His presentation was captured on video below.
GLI Finance (GLIF) last week announced fundraising proposals and a dividend policy for going forward. We recently noted the possibility of new funding being raised, and the company has now published a prospectus for a new class of zero dividend preference shares at an issue price of 100p each and noted that it is also considering a possible issue of convertible unsecured bonds.
GLI Finance (GLIF) has updated on its net asset value per share performance – reporting it to be 52.30p as at 30th September 2015. This represents a slight decrease of 0.34% from 52.48p as at 30th June, though compares to a current share price of 44.5p.
GLI Finance (GLIF) has announced that “it has successfully launched GLI Alternative Finance plc, a closed end fund focusing on a loan portfolio diversified by geography, asset class, duration and security”
GLI Finance (GLIF) has updated its loyal investors on a 7.1% increase in net asset value per share in the first quarter of 2014 and that the finance platforms in which it has invested “are all performing well, many are ahead of our expectations and we expect significant developments in the second half of this year”
Having updated at its end of April AGM that it continues to monitor opportunities to further develop its range of platforms, “but given the potential size of origination capability of our existing platforms, we are only pursuing significant opportunities that can add material and differentiated origination”, GLI Finance (GLIF) has announced a £1.25 million investment in Funding Options Ltd.
Steve Moore and I have done well with our share tip on GLI Finance (GLIF) and we still see upside. Here is its CEO Geoff Miller - a diehard West Ham Supporter - presenting at the UK Investor Show to explain what might seem a hard story, in words clear enough for all to understand.
GLI Finance (GLIF) has been a good share tip for us and has just announced results for the 2014 calendar year and that “there is every sign that 2015 with be a breakthrough year for the company following the investments made during 2014”.
GLI Finance (GLIF) has announced a $1.25 million investment in, and the granting of a $5 million loan facility to, Open Energy Group, a financing platform for US commercial and small utility-scale solar projects.
AIM Listed GLI Finance (GLIF) has announced that it has transferred its remaining Collateralised Loan Obligation investments to Fair Oaks Income Fund following the latter’s completion of a fundraising and admission to trading on the LSE Specialist Fund Market.
GLI Finance (GLIF) has updated at its AGM that “work continues” on floating its current collateralized loan obligation portfolio to enable it to focus “exclusively on building the loan portfolio originated through our platforms”.
GLI Finance (GLIF) has updated that its unaudited net asset value per share as at 31st March was 50.25p, up from 49.99p at the end of the 2013 calendar year. The specialist provider of finance to small and medium sized enterprises has also declared another 1.25p per share quarterly dividend.
GLI Finance (GLIF) has announced results from a calendar 2013 “year of significant change, as our company continues to develop its strategy of moving from investing only in loans originated by third parties towards origination of small and medium enterprises finance through the platforms in which we have an equity interest”.
Commissioned researcher Edison has published a detailed note on financials group GLI Finance (GLIF) noting the secure 10% yield at 50.75p but arguing that fair value is 68-84p.
GLI Finance (GLIF) has updated that its end 2013 unaudited net asset value per share was 50.0p and on “a series of partnerships with businesses complementary to its existing platforms” agreed in the fourth quarter of 2013 and beginning of the current year. Directors have bought shares post the RNS and so should you.
I first commented on this website on specialist commercial lender GLI Finance (GLIF) with the shares at 49.5p in August. The following updates with them currently at 52.25p on the back of an update for the quarter ended 30th September 2013.
Commissioned researcher Edison has today published a note on GLI Finance (GLIF) following today’s trading update.
Following recent interim results and news of a conditionally completed placing from GLI Finance (GLIF), the specialist lender to small and medium sized enterprises currently generating most of its income from a US-focused Collateralised Loan Obligation portfolio, my Nifty Fifty website (where the shares are a member of the Income portfolio) colleague Tom Winnifrith updated HERE. Researcher Edison has now done likewise…
GLI Finance (GLIF), the specialist lender to small and medium sized enterprises currently generating most of its income from a US-focused Collateralised Loan Obligation (CLO) portfolio, has announced results for the first half of the 2013 calendar year and that it has conditionally (including on EGM approval) raised a gross £4.59 million from a 51p per share placing. The shares are now 52.75p and a buy.
GLI Finance (GLIF) has followed its July investment in the crowd lending platform FundingKnight by taking another “at least” 20% stake in the form of equity and preference shares in - with its CEO, Geoff Miller, again joining the board of - another crowd-funding platform, Platform Black Ltd. A good move? Yes.
Shares in specialist commercial lender GLI Finance (GLIF, formerly Greenwich Loan Income Fund) have fallen back to the level (49.5p) at which they were added to the income portfolio of the 'Nifty Fifty website which I co-edit' in December. This follows a second quarter trading update from the company and subsequent research update from Edison late last month. Is there still income value here?
GLI Finance (GLIF) - formerly Greenwich Loan Income Fund - has updated investors on its second quarter of 2013. The share price just does not discount the good news.
Shares in Greenwich Loan Income Fund (GLIF), the AIM and Channel Islands listed secured lender to currently mainly US small and medium size enterprises, were tipped at a 49.5p offer price on my premium Nifty Fifty website in December.
Greenwich Loan Income Fund (GLIF) announced a Q1 NAV of 54p (end-2012, 49.1p) a couple of weeks ago with the increase being half asset appreciation and half currency related.
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