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GLI Finance Ltd (GLIF.L)

GLIF.L on London Stock Exchange

4.18GBp
5:41pm IST
Change (% chg)

-0.32 (-7.11%)
Prev Close
4.50
Open
4.50
Day's High
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Day's Low
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Volume
17,023
Avg. Vol
72,428
52-wk High
9.00
52-wk Low
4.00

Latest Key Developments (Source: Significant Developments)

GLI Finance Says SANCUS BMS PERFORMED IN LINE WITH EXPECTATIONS SO FAR YEAR TO DATE
Tuesday, 28 May 2019 

May 28 (Reuters) - GLI Finance Ltd ::TRADING UPDATE.GROUP'S CORE BUSINESS, SANCUS BMS GROUP LIMITED, CONTINUES TO GROW AND HAS PERFORMED IN LINE WITH EXPECTATIONS SO FAR YEAR TO DATE..PLATFORM HELD WITHIN FINTECH VENTURES IS FACING SIGNIFICANT FINANCIAL DIFFICULTIES, REQUIRES IMMEDIATE INVESTMENT TO CONTINUE TRADING.IT IS APPROPRIATE TO WRITE DOWN VALUE OF INVESTMENT FOR FINTECH VENTURES TO ZERO, RESULTING IN A £1.9M FAIR VALUE ADJUSTMENT.  Full Article

GLI Finance Ltd Will Close Its Supply Chain Finance Offering
Friday, 8 Feb 2019 

Feb 8 (Reuters) - GLI Finance Ltd ::GLI FINANCE LTD - CONTINUES TO GROW, WITH REVENUE FOR YEAR ENDED 31 DECEMBER 2018 ("FY18") EXPECTED TO BE APPROXIMATELY £13 MILLION.GLI FINANCE LTD - EXPECTS TO SUFFER FURTHER MATERIAL WRITE DOWNS IN ITS FINTECH VENTURES PORTFOLIO.GLI FINANCE LTD - SEVERAL OF PLATFORMS ARE FINDING IT HARDER TO RAISE FURTHER CAPITAL AT VALUATION LEVELS PREVIOUSLY EXPECTED.GLI FINANCE LTD - WHILE PERFORMANCE IMPROVED IN 2018, IT IS BEHIND MANAGEMENT'S EXPECTATIONS WITH A FORECAST OPERATING LOSS OF £1 MILLION.GLI FINANCE LTD - BELIEVES MARKET FOR SUPPLY CHAIN FINANCE HAS CHANGED SIGNIFICANTLY.GLI FINANCE LTD - CREDIT INSURERS REDUCING APPETITE TO WRITE COVER AND INCREASING PREMIUMS MARKEDLY.GLI FINANCE LTD - GROUP HAS TAKEN DECISION TO CLOSE ITS SUPPLY CHAIN FINANCE OFFERING.GLI FINANCE LTD - HAS A £1.1 MILLION EXPOSURE TO A SUPPLY CHAIN FINANCE BORROWER WHICH RECENTLY WENT INTO ADMINISTRATION.GLI FINANCE LTD - WILL PRUDENTLY RECOGNISE A PROVISION IN RESPECT OF ITS FULL EXPOSURE IN FY18.  Full Article

GLI Finance Says Credit Junction Recently Secured $23 Mln Growth Equity Investment
Monday, 5 Nov 2018 

Nov 5 (Reuters) - GLI Finance Ltd ::THE CREDIT JUNCTION HAS RECENTLY SECURED A $23 MILLION GROWTH EQUITY INVESTMENT FROM CENTURY EQUITY PARTNERS.GLI HOLD A SEAT ON BOARD OF TCJ.  Full Article

HY Group Revenue Increased By 26 Pct To 7.2 Mln Stg
Monday, 24 Sep 2018 

Sept 24 (Reuters) - GLI Finance Ltd ::GLI FINANCE LTD - HY GROUP REVENUE INCREASED BY 26% TO £7.2M (JUNE 2017: £5.7M).  Full Article