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Apart from the dividend (which is still good despite the recent changes) I see this as a diversified play in the rapidly expanding alternative finance market which has the potential to get back into profit fairly rapidly. Recent juggling with complex financial restructuring, including a change of tack, has IMO knocked confidence and hit the share price, but as I see it, the underlying business case is still there and there is no obvious reason why the sp shouldn't recover to NAV or beyond (in the latter case based on prospective growth in revenues/profit). For what it's worth brokers have a target sp of 71p for this share. Final results should be out in March which will be an opportunity for the company to highlight progress and prospects, and move on from recent hiccups. Just my view for what it's worth.
Thanks for the comments guys. I was beginning to wonder if anyone else was here! It is a complex set up and I don't claim to understand it all either, but it is a growth sector and I hope this will turn the corner and eventually get back to something more in line with the expected NAV.
I'm still here. keep re-investing the divi. All should end well. (famous aim last words.) As long as the directors are reinvesting, then keep the faith; and buy a little gold for assurance.
Well I am still here. And still have a holding but thinking that it is probably much too complex for me to understand properly so hoping for some upward movement in the hare price so that I can exit without getting burnt too badly. NAV - 50p? But maybe there are a lot of others out there who also find this very complex, otherwise share price would be a lot closer to NAV than it is - wouldn't it?
....of Q4 NAV due on Monday. Anyone else in here with a view on prospects?
On the 7th re a purchase by the Interim CEO which is a bit of good news I missed on the day. Seems to have perked the share price up a bit with some more buying over the last few days. Good sign.
For non-subscribers what is he saying? There has been some considerable buying recently. Looks promising?
For non-subscribers what is he saying? There has been some considerable buying recently. Looks promising?
Today's offering:- http://www.investorschronicle.co.uk/2016/01/06/comment/simon-thompson/gli-shelves-fundraise-and-chief-executive-TeWmRRtRjixL5ExhMxcn7H/article.html
You hav'nt got a clue OPIUM have you about SHARE INVESTMENT !! Your post proves it !! I bought around 50p. I set stop losses under all my purchases as mentioned many times. They hit my stop loss around 47p and sold automatically. GLIF drops to around 35p and restructures. At 35p I now rate them a BUY again. What is the problem with that. Just because you POST UTTER TRIPE on the Tesco page and people disagree with you , you then have to follow them and post TRIPE on other Companies. Dear or dear how SAD, but NOT as SAD as your losses on TESCO
Lummy - Opinion 'Buy' AFTER you have sold out - how does that work? Mouth goes one way, Trousers go another, I guess LOL. Your pal Bertie posts the same twaddle, I notice.
Sorry Opium, as usual your post makes NO SENSE...................go back to TESCO share chat where you belong and post about Tesco Toilets, Nappy Change, .........and Proseco whilst nursing your MASSIVE losses. Following other posters around the LSE site to make stupid and unexplainable comments is about as sensible as all your purchases of TESCO from £3.80 downwards in the last two years ! ...............OUCH !!
Sad to see Geoff go - one of the good guys. Looks like he's been outflanked by an opportunistic investor (Somerston) and Whelan. The refinancing should stabilise the company and share price and lay the foundations for a profitable future. Pity we've lost 50% of GLIAM for £250k - an absolute steal for Somerston given it's potential. Although the dividend has been cut - it was unsustainable after the switch away from the US loan investments and into the alt-fi area anyway - we have clarity on future dividend policy starting at around 7% which isn't bad. In summary, I see no reason to sell my holding and if anything will be looking to top up over the next couple of days as retail punters are shaken out.
Bit of a shock this morning as the Board fires CEO, completely re-shapes capital restructure and resets dividend to 2.5p per annum. Although the market has reacted very badly as all the income seekers bail out I actually believe the new proposals make more sense than the original proposals. I will be holding on for the time being.
From a guy who says he's too scared to do Longs & Shorts. He's smarting over a big loss here, so make allowances, guys :) He likes to re-visit BB where he screwed up & chew the cud - don't be a sore loser, Lummox!
He said "assuming the P2P investments come good and a target price well north of the current net asset value of 52p is not unrealistic on a medium-term view."
Actually ST did mention Globo, camkids and all his failures. If you blindly follow tipsters some you will win , some you will lose. Do your own research before buying any share instead of bleating when you lose. Other people on other forums who have bought his winners are singing his praise to the rooftops. If iONLY it was as easy as blindly following a tipster. .....and actually although I've lost money on GLIF and sold out at my Stop Loss I think it could still yurn out to be a good investment
Can someone with a subscription summarise what Simon Thomspon is saying about GLI in the article? Thanks
Not enough. Does not give much confidence.
Director purchase
Like most tipsters hit and miss and too much trumpet blowing. Endless updates on the successful ones and hardly any on the losers. Having quite a few lately, SGI, AMO, Cenkos has gone down now, FRP down again, 600 also.
Yes Simon Thompson is prone to bragging about his successes. He doesn't mention Globo, Camkids and Naibu where you would have lost all your money.
There are many dodgy shares on AIM I agree but also there are some good companies, don't think I can name them here, as against the rules but if you look at the AIM 100 you will find them. Lord Lee who was first ISA millionaire holds quite a high proportion in Aim companies.
I took my own advice over the last 6 months and sold all my AIM shares. GLIF was the last to go and I was very sorry to say goodbye to the dividend. It turned out to be excellent advice. AIM is well dodgy and I will never go back there.
Another of Simon Thompsons IC share tips I wish I hadn't followed. What with Thalassa and now this one I really must stop reading his column