UK 14:36 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) 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.
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Comments
JASPERTHERDOG
GLI is another of those weird companies that issue paper, up from 132m to 168m in two years, has debt of £8.7m and claims to have cash of £37.5m. It also claims assets of £89.3m and w/cap of £42.7m. The divi. has been constant at £0.05p and seems so set for the future but the cash flow is negative, as is the last reported net profit. I think there are a few red flags here, and the divi. looks to me to be under threat.
Added to that – what the blazes do they do? Lend money to tech startups? Not at all sure about that as a business model, at least not for widows and orphans, like me!