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GLI Finance(GLIF) Fundamentals

The Investor Betting Big on Alternative Finance

I've been buying these from @47p - they are diversifying into peer-to-peer lending.

Current yield is 9.28%.

Help your peers - and cash in on a bonanza: From loans to holidays, cut out the middleman and join a new money-saving craze

Tens of thousands of people are giving loans to individuals or small businesses, swapping currency or allowing commuters to park on their driveways as a means of making or saving money.

It’s all part of the ‘peer-to-peer’ boom, where buyers and sellers are matched for a better deal. The Mail on Sunday looks at how you can join in.

INVEST IN OTHER PEOPLE

More than 86,000 savers have given up on the banks and building societies offering low rates of interest, instead pumping £843 million into a market that lent to nearly 74,000 individuals and small firms by the end of last year.

UP 11.5% :-)

Well done skinny don't loose your profits.,.

I've been buying for over 2 years for the yield :-)

GLI Finance: Building Peer-To-Peer Portfolio

Think i'd taken 63p on a few shares skinny.,.

I sold my recent purchase (last week) for +18% and bought back (+ extra) lower - now all in the money.

Funding Britain's Growth

An interesting stock Skinny

I bought as another reasonably boring yielder, but they have recently been thrust into the spotlight by a couple of articles and by the fact that they are recreating themselves.

Yeah, I noticed that this company has gone from being worth a couple of million to +50 in a short space of time. I quite like loan book companies, their easy to understand and accounts are simple. This one appears to undervalued with no real reason as to why. Do you happen to know what percentage of profits are paid as dividends?

A bit meaningless atm, due to the change of structure/policy, have a read of this RNS from last November.

Thanks Skinny, notes two and three below don't bode well with me.

Change in investing policy
The key changes proposed to the Company's investing policy are as follows:

(i) to change the main focus of investment by the Company from investing principally in syndicated corporate loans issued primarily by United States middle-market companies to providing finance to SMEs across the world, but with particular focus on the United States and the United Kingdom;

(ii) to enable investment in entities that will themselves provide finance to SMEs as well as in structured vehicles such as CLOs that are themselves invested in substantial part in SMEs;

(iii) to remove the current limit on investment in equity or debt instruments (other than loans or CLOs) which is currently 20 per cent. of the Company's gross assets at the time of investment; and

(iv) to permit investment in the United Kingdom at the same levels as are currently permitted in the United States, i.e. the Company's maximum exposure to both United States and United Kingdom issuers will be capped at 100 per cent. of the Company's gross assets.

Yes its certainly changing from the beast that I started investing in 2 or 3 years ago, but I'm prepared to hold for now - apparently there is an article in IC today and some of the links above are worth a read - posts 7,10 and the bottom 2 links in the header - just my own view.

Regulator's 10% spending rule set to 'take the crowd out of crowdfunding'

I doubt the regulator has really considered this, isn't it illegal for a regulator to dictate how investors choose to invest and how much? They should get back to regulating the advice given by so called professionals and leave investors who choose not to seek advice alone.

Exclusive - EU executive plans to promote crowdfunding sector

(Reuters) - A European Union "quality label" and possible state aid for crowdfunding would help the 1 billion euro (£836 million) sector grow to fund economic growth, the bloc's executive body said in a document seen by Reuters.

Crowdfunding allows individuals and small businesses to raise money from pools of investors who can put money into peer-to-peer lending schemes or securities such as unlisted shares.

It is often hosted on online platforms such as Crowdcube, Funding Circle and Kickstarter.

more..

Final Results

Financial highlights
· Net asset value at 31 December 2013 of 49.99p per share (31 December 2012: 49.09p)
· Total shareholder return of 9%, total return in NAV terms 12.0% over the period
· Interest income, dividends and other income totalled £12.5m, compared to £11m for the same period in 2012, on a like for like basis
· Operating expenses including finance costs, fell from £4.8m for the same period in 2012 to £4.1m in 2013

Company highlights
· Interests acquired in four SME finance platforms during the year, five since year end, bringing total to ten
· Platforms provide an offering that is complementary to the mainstream banking sector
· Current portfolio of platforms will form the core of the Company's business in future
· Monies from exit of CLO portfolio to be deployed into the underlying SME finance assets

Outlook and strategy
· Unique origination capability within SME finance
· Diversified by geography, industry, size of lending and type of lending
· Continued focus on smaller companies' finance assets capable of 10-15% target return
· Potential for synergies between the complementary offerings of the various platforms
· Working with GMB Partners on exit of CLO investments over time

Why a star loan investor is reshaping his fund