Sancus Lending Group Limited NPV (LEND)

Sector:

Investment Firms

0.53p
   
  • Change Today:
      0.007p
  • 52 Week High: 0.85
  • 52 Week Low: 0.18
  • Currency: UK Pounds
  • Shares Issued: 6.27m
  • Volume: 10,000
  • Market Cap: £0.03m

GLI Finance to launch first French online working capital financing platform

Date: Thursday 13 Nov 2014

LONDON (ShareCast) - GLI Finance, a loan business quoted on AIM, has raised $22.5m of funds required for a 26.44% stake in new French financing platform Finexkap.
Other investors in the platform include Finsight, a globally focused Fintech investment fund which includes partner, former chief operating officer and board member of LendingClub, John Donovan, as well as Fintech private investors and family offices.

With an annual volume of receivables for French business-to-business companies exceeding $800bn in 2013, France constitutes one of the largest factoring markets in the world.

Finexkap is the world's first French working capital financing platform to purchase small and medium sized enterprises' receivables on the web through refinancing vehicles managed by Finexkap AM. The platform provides a market-disruptive short-term funding solution to entrepreneurs needing fast access to financing.

Finexkap will fully launch its financing activities in the fourth quarter of 2014. The Company will use $15 million of the total funds raised for its refinancing vehicle to fund the first batch of receivables.

Geoff Miller, Chief Executive of GLI Finance, said: "Finexkap has developed a flexible way of financing working capital for SMEs in France by allowing small businesses to choose the invoices they wish to clear and get funded without any sort of commitment, in stark contrast to traditional banks in France which typically do not offer spot financing.

"With a huge demand for this type of flexible finance and innovative proprietary technology, the platform has huge growth potential and should be a great partner for GLI Finance."

As of 10:13, GLI Finance's share price rose 0.70% to 58.53p per share.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LEND Market Data

Currency UK Pounds
Share Price 0.53p
Change Today 0.007p
% Change -1.23 %
52 Week High 0.85
52 Week Low 0.18
Volume 10,000
Shares Issued 6.27m
Market Cap £0.03m

LEND Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21% below the market average21% below the market average21% below the market average21% below the market average21% below the market average
13.42% above the sector average13.42% above the sector average13.42% above the sector average13.42% above the sector average13.42% above the sector average
Price Trend
79.39% below the market average79.39% below the market average79.39% below the market average79.39% below the market average79.39% below the market average
96.32% below the sector average96.32% below the sector average96.32% below the sector average96.32% below the sector average96.32% below the sector average
Income Not Available
Growth
6.32% above the market average6.32% above the market average6.32% above the market average6.32% above the market average6.32% above the market average
10.03% above the sector average10.03% above the sector average10.03% above the sector average10.03% above the sector average10.03% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LEND Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 02-Mar-17 27-Oct-16
Paid 21-Apr-17 15-Dec-16
Amount 0.62p 0.62p

Trades for 15-Jul-2024

Time Volume / Share Price
11:00 10,000 @ 0.50p
11:00 1,944 @ 0.50p
11:00 8,056 @ 0.50p

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