Business
GLI Finance Limited Interim Results 2015
GLI Finance Limited Interim Results 2015.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n \nRNS Number : 3114A GLI Finance Limited 28 September 2015 \n \n\n28 September 2015\n \nGLI Finance Limited\n(the \"Company\" or \"GLI\")\n \nAudited Interim Results for the six month period ended 30 June 2015\n \nFinancial Highlights\n \n· NAV growth of 2.9% during the period with NAV per share of 52.48p as at 30 June 2015 (31 December 2014: 51.00p).\n \n· Annualised ROE of 16.26% at the top end of GLI's 10-15% target range.\n \n· The value of new loans originated through GLI's platforms increased by 120% in the twelve months ended 30 June 2015 compared to the twelve months ended 30 June 2014.\n \n· The GLI portfolio has increased by 35% between 31 December 2014 and 30 June 2015 from £106.9 to £144.6m. The increase is made up of a 24% increase in equity values held in SME platforms and a 139% increase in loans made to SMEs.\n \n· 2.5p dividend paid (2.5p paid for the comparable period last year)\n \n \nOperational and investment highlights\n \n· In the period GLI made four new investments in SME finance companies, in accordance with its stated strategy. These were:\n \no Trade River USA, a non-bank online funding solution which finances trade, both cross-border and in the US\no MytripleA, a Spanish business finance platform meeting both the short-term and long-term financing needs of Spanish SMEs\no Open Energy Group, a financing platform for US commercial and small utility-scale solar projects. \no Funding Options, a UK on-line credit broker that matches lenders with borrowers and acts as a one-stop-shop for business finance\n· On 30 June 2015, the 100% GLI owned subsidiary, GLI Asset Management Ltd (\"GLIAM\") secured its Protection of Investors (\"POI\") asset management license from the Guernsey Financial Services Commission (\"GFSC\") enabling GLIAM to manage collective investment schemes and general securities and derivatives. 'GLI Alternative Finance plc' (GLIAF), a closed end fund, was launched on 23 September 2015.\n \n· GLI changed its regulatory status with the GFSC in the period ...