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Peer2Peer Finance News | June 24, 2018

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Excess cash eats into Honeycomb’s NAV returns

June 21, 2018 |

THE HONEYCOMB Investment Trust saw its net asset value (NAV) returns slow in May after hitting a new high the month before.

The alternative-finance focused fund posted a NAV return of 0.56 per cent, down from 1.36 per cent in … Read More

Honeycomb buzzing about consumer credit opportunities

April 30, 2018 |

HONEYCOMB is banking on the continuing retrenchment of mainstream lenders from consumer credit markets to boost its success.

The alternative finance-focused investment trust posted net asset value (NAV) total returns of 9.11 per cent in 2017, helped by the gap … Read More

Is there still life left in P2P investment trusts?

April 27, 2018 |

PEER-TO-PEER investment trusts are increasingly getting a boost by moving away from marketplace and direct lending platforms, but investors may be starting to lose patience.

When the first peer-to-peer focused investment trust, P2P Global Investments (P2PGI), launched in 2014, there … Read More

Honeycomb share sale proves sweet for investors

April 20, 2018 |

HONEYCOMB Investment Trust sailed through its latest fundraising on Thursday to raise gross proceeds of £100m from a share sale, brushing off concerns about an unorthodox approach to the equity issuance.

The alternative-finance focused fund placed 9.52m shares at £10.50 … Read More

Honeycomb looks to raise £100m in a day

April 19, 2018 |

HONEYCOMB Investment Trust is looking to raise up to £100m through its latest fundraising.

The alternative-finance focused fund announced it would embark on a series of share issues last year and has announced plans to place up to 9.52m shares … Read More

Honeycomb posts sweeter NAV for March

April 12, 2018 |

THE HONEYCOMB Investment Trust posted an improved net asset value (NAV) return for March.

The alternative finance focused-fund recorded an NAV return of 0.72 per cent last month, under new IFRS 9 reporting standards – that take into account potential … Read More

Honeycomb NAV dips in February but pipeline remains sweet

March 21, 2018 |

THE Honeycomb Investment Trust saw its net asset value (NAV) dip slightly in February to 0.59 per cent.

The alternative finance focused fund said in a monthly update that its NAV was slightly lower than the 0.66 per cent reported … Read More

Sancus draws first funding from Honeycomb credit facility

February 28, 2018 |

SANCUS BMS Group, the peer-to-peer business lender, has drawn down the first tranche of funding provided by the Honeycomb Investment Trust (HIT) for use on its platform.

The GLI Finance subsidiary will use £17.5m from Honeycomb’s funding facility to expand … Read More

Honeycomb posts first monthly returns under new accountancy rules

February 21, 2018 |

THE HONEYCOMB investment trust started the year with its net asset value (NAV) up 0.66 per cent.

The January performance figure is down from 0.79 per cent in December 2017 but is the first that includes new IFRS 9 rules … Read More

GLI Finance secures £50m funding line from Honeycomb

January 29, 2018 |

GLI FINANCE, the Aim-listed alternative finance group, has secured a new funding facility with Honeycomb Investment Trust.

The three-year funding line has a £50m accordion and revolving credit facility, meaning that GLI has the right to increase its line of … Read More