UK 17:10 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
DGL
er ?? Zero income – cost 100p payable at 143.5p in seven years time….. How is that a gross annual return of 7.5% ??
Drunken Sailor
It is five years not 7 and 7.5% is the equivalent gross annual interest rate compounded over the period.
DGL
That’ll teach me to read properly – Thank you DS !
Striebs
If 7.5% is what they get capital at , and they aren’t able to lever it up with fractional reserve lending like the banks , then surely they have to charge credit card like interest rates to make a worthwhile profit .
Geoff Miller sounds very convincing but the risks seem high here .