Sancus Lending Group Limited NPV (LEND)

Sector:

Investment Firms

 0.55p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.85
  • 52 Week Low: 0.18
  • Currency: UK Pounds
  • Shares Issued: 6.27m
  • Volume: 0
  • Market Cap: £0.03m

GLI Finance appoints permanent CEO as NAV drops

By Josh White

Date: Tuesday 16 Feb 2016

LONDON (ShareCast) - (ShareCast News) - It was a case of some good news, some bad news at GLI Finance on Tuesday, with the good news being the company had decided to appoint its interim CEO - Andy Whelan - as permanent chief executive.
The board of directors at the AIM-traded SME alternative finance investor said it had considered the time commitment required by Whelan for the role, whilst continuing to drive forward Sancus - one of its trading businesses.

Sancus continued to trade ahead of plan, the board confirmed, and it did not wish to risk limiting its growth potential.

It remained convinced that the structural changes being put in place within the company, together with an expanded management team within Sancus, meant it would be possible for Whelan to combine the roles without risking a loss of momentum.

At the same time, GLI Finance confirmed its net asset value ha reduced by 9.49p to 42.81p per share in the three months to 31 December.

It blamed the reduction on issues in its approach to the platform portfolio, and £5.47m being provided against loans made to "certain unrelated parties".

Since year-end, GLI Finance said one of its investments - Liftforward - had achieved a capital raise of $41.2m (£28.6m), and as a result it was revaluing its stake from £4.22m to £5.8m.

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LEND Market Data

Currency UK Pounds
Share Price 0.55p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.85
52 Week Low 0.18
Volume 0
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
19.66% below the market average19.66% below the market average19.66% below the market average19.66% below the market average19.66% below the market average
11.78% above the sector average11.78% above the sector average11.78% above the sector average11.78% above the sector average11.78% above the sector average
Price Trend
74.9% below the market average74.9% below the market average74.9% below the market average74.9% below the market average74.9% below the market average
93.87% below the sector average93.87% below the sector average93.87% below the sector average93.87% below the sector average93.87% below the sector average
Income Not Available
Growth
6.99% above the market average6.99% above the market average6.99% above the market average6.99% above the market average6.99% 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
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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

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