3i Share Discussion Threads

[jerseyman1] 27/6/2018 12:11

Agreed Truffle. Can't fathom the short term share price when everything longer term looks good

[jerseyman1] 26/6/2018 11:12

Thanks H2. You could be right about the reasons, trade wars unlikely to have direct impact on 3i but may be caught in FTSE crossfire. Picture in Europe still confusing at economic level, growth appears to be back generally but Germany not too confident it will be sustained. Real political mess in Germany, Italy and big issues in Turkey and Greece. Could be more prosaic reason, just some profit taking combined with general turndown in world markets due The Donald's latest attempt to fabricate a crisis followed by his actions fixing it, so he can be seen as heroic, in his mind at least.

[hydrogen economy] 26/6/2018 02:43

Jerseyman

I would think that the shift in sentiment about European growth with lower PMI and GDP numbers plus the post election worries about Italy are hitting 3i share price Doubt 3i would be directly hit by US tariffs, but any knock on impact to the economy is likely to hurt 3i. Their holding in Weener plastic is probably suffering from environmental pressures like RPC and others.

Early in the year many commentators were flagging Europe as a good recovery play, don't hear that much now! 3i is still on a 31% premium so is vulnerable to big reverses when the mood swings.

Personally I think longer term 3i will continue to do well and current negative sentiment will be a top up opportunity but there may be more fall to come first.

GLA H2


H2

[jerseyman1] 25/6/2018 15:07

Any ideas as to why 9% drop in share price in last month after good results and increased dividend, and increased Soc Gen TP? Contrary? Don't understand

[jerseyman1] 16/6/2018 21:02

Thanks Truffle, good news.

[truffle] 14/6/2018 18:41

Socgen have reconfirmed 3i as a buy, and increased their target price from 1020 to 1130

[yes yes] 07/6/2018 07:13

log in problems this morning?

[jerseyman1] 30/5/2018 18:21

Thanks for that JontyoneIn general terms it's difficult to know when to sell at it near the top. In the case if Action I really hope that 3i get it right, as this is a huge holding in the overall portfolio. But I guess they will take comfort from Bridgepoint's success with holding Pret a Manger for a long time, and making big money multiple return.

[jontyone] 30/5/2018 17:39

Interesting reading, and something to keep an eye on in the future.

www.retaildetail.eu/en/news/general/action-owner-3i-wants-keep-chain-after-all

[jerseyman1] 21/5/2018 09:25

If they keep producing 20% + annual returns in a business with no net debt then £12.00 will soon be left behind. The investment in Action is a big big driver, no signs of it slowing down at present though

[dplewis1] 21/5/2018 08:49

It's been a long road back. When Borrows took over the share price was around 1.70, quite a turnaround and they've ridden the global recovery spectacularly well. This was 12 quid back in 2007 I don't see why that can't be achieved again.

[jerseyman1] 21/5/2018 08:41

Over £10.00, bit of a delay getting here after what were decent full year numbers last Thursday. Headlines were not as good as last year, but it took a day or so for people to work out that was because last years figures were positively affected by big currency gains and profit on sale of debt business. Got there in the end, hopefully it will continue to rise

[jerseyman1] 18/5/2018 14:38

He is a very wealthy guy, but nevertheless this is a real vote of confidence. Good news for other shareholders as no matter how wealthy he is it's unlikely he's doing it unless he really believes in the future of the business.

[jerseyman1] 17/5/2018 10:25

Just watched the results webcast. Appropriate gravitas from CEO and CFO. Strong balance sheet, great momentum in each of new investment, cash generation, portfolio growth and realisations. Interim dividend to increase from 8p to 15p from this year, and 30p + targeted for future full year dividend. Much talk of "mid to high teens" annual returns across the cycle, which will do me nicely. One to lock away and leave alone.

[dplewis1] 17/5/2018 08:15

Must be that strange 'sell on the news' phenomenon then. I'll keep mine thanks!

[jerseyman1] 17/5/2018 08:10

Look really good to me. Had a quick read of the statement, very happy at underlying position.

[dplewis1] 17/5/2018 07:11

Results looking pretty solid to me..

[dplewis1] 16/5/2018 12:25

Will be interesting to hear how that US infra investment is going. I happened to read that Action opened 244 stores in 2017..pretty impressive stuff..

[truffle] 16/5/2018 09:54

Fully agree with the positive sentiments above.
This is what I said last October

'Yes, very happy with this investment.
Great portfolio of investments run by an excellent management team it would seem'

I still feel the same way about the company
It remains a long term hold for me

[dplewis1] 15/5/2018 19:24

Yes that's grown hugely since they took over it. I agree would be nice to de-risk some there, especially as retailers in the UK have taken such a pummelling this year. It's a great share for European exposure though, much easier than doing it yourself!

[jerseyman1] 15/5/2018 18:55

Agreed dplewis1. Lucky you at getting in at that level. I held shares years ago and sold at £17. Bought back in at 6.50 a year or so back, happy to hold.Think results will be good, some de risking of Action might be nice....it's a lot of the portfolio....

[dplewis1] 15/5/2018 17:07

I bought the majority of my holding at 1.80 several years ago so needless to say I'm a very happy investor. I actually sold a few a couple of months back as I was a bit overweight but I'll be keeping the rest forever. There won't be any nasty surprises in the results, they have a great portfolio of assets and one of the best CEOs in the business. Maybe they'll increase the divi.

[jerseyman1] 11/5/2018 09:13

About time someone posted regarding 3i having gained nearly 15% since beginning of April. Decent set of results expected in a week or two and further increased dividend. Any views?