GLI Finance (#GLIF) sells Fair Oak stake for $32.2m
- 2015-03-04 01:36:28
UK 17:12 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
