GLI Finance has been awarded an asset management license. This is precursor to raising the peer 2 peer lending quoted fund which will add materially to the revenues and profits, we estimate c10% to revenue with c80% drop through to the bottom line. This also represents a fairly significant strategic step for the underlying platforms in which GLIF has stakes.

02 Jul 2015
Panmure Morning Note 02-07-15

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Panmure Morning Note 02-07-15
Sancus Lending Group Limited (LEND:LON) | 0.4 0 0.0% | Mkt Cap: 2.63m
- Published:
02 Jul 2015 -
Author:
Keith Baird -
Pages:
3 -
GLI Finance has been awarded an asset management license. This is precursor to raising the peer 2 peer lending quoted fund which will add materially to the revenues and profits, we estimate c10% to revenue with c80% drop through to the bottom line. This also represents a fairly significant strategic step for the underlying platforms in which GLIF has stakes.