ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

HICL Hicl Infrastructure Plc

126.40
0.60 (0.48%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hicl Infrastructure Plc LSE:HICL London Ordinary Share GB00BJLP1Y77 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 0.48% 126.40 126.00 126.40 126.80 125.40 126.80 4,692,247 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 202.3M 198.4M 0.1024 12.32 2.44B
Hicl Infrastructure Plc is listed in the Finance Services sector of the London Stock Exchange with ticker HICL. The last closing price for Hicl Infrastructure was 125.80p. Over the last year, Hicl Infrastructure shares have traded in a share price range of 117.20p to 158.60p.

Hicl Infrastructure currently has 1,937,000,000 shares in issue. The market capitalisation of Hicl Infrastructure is £2.44 billion. Hicl Infrastructure has a price to earnings ratio (PE ratio) of 12.32.

Hicl Infrastructure Share Discussion Threads

Showing 201 to 224 of 1225 messages
Chat Pages: Latest  13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
13/1/2014
15:16
Bit of a whoosh since early Dec :-)
- when do chartists start to call it a breakout?

spangle93
06/1/2014
07:16
The Board of HICL Infrastructure Company Limited notes the changes to the FCA rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which came into effect on 1 January 2014.

Following the receipt of legal advice, the Board confirms that it conducts the Company's affairs, and intends to continue to conduct the Company's affairs, such that the Company would qualify for approval as an investment trust if it were resident in the United Kingdom. It is the Board's intention that the Company will continue to conduct its affairs in such a manner and that IFAs should therefore be able to recommend its Ordinary Shares to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products.

-ends-

skinny
04/12/2013
10:44
RBC Capital Markets Outperform 129.35 129.00 130.00 133.00 Upgrades
skinny
04/12/2013
07:51
Yes, the FT's take on this:



Insurance companies want to invest £25bn in infrastructure projects.

Presumably this is early-stage construction. Once complete and largely de-risked, a project would be sold to such as HICL.

jonwig
04/12/2013
07:28
A plan to boost infrastructure spending in the UK over the next two decades is being unveiled by the government.
ryandj2222
21/11/2013
07:39
Citywire:


HICL targets 5.5% yield but runaway premium erodes value

The £1.4 billion HICL Infrastructure
fund has affirmed its commitment to a progressive dividend policy, although analysts have noted that its income characteristics have left the trust looking expensive.

In its half-year results today, HICL told investors it was 'confident' of hitting its 7.1p dividend target for the year to 31 March 2014 – equivalent to a 5.3% yield – and predicted a 7.25p dividend for next year.

'We are encouraged by the increased dividend target for the year to March 2015, which represents a prospective yield of 5.5%,' said Ewan Lovett-Turner, an analyst at Numis Securities.

But Lovett-Turner added that HICL's 'sizeable' 10.9% premium 'looks high'; its average premium over the past year has been 9.6%. 'We believe the premium reflects the market's preference for the low volatility of the asset class, strong income characteristics and an anticipation that discount rates will continue to edge lower,' Lovett-Turner explained.

A reduction of 50 basis points to the discount rate applied to the underlying portfolio would boost HICL's net asset value per share by 4.8%.

'However, we believe these characteristics can be accessed more cheaply elsewhere in the sector,' concluded Lovett-Turner.

The average premium in the infrastructure sector is 9.2%, with the average yield standing at 5.3%.

Since HICL's launch in 2006, it has generated an annualised total return of 9.4%, beating its original target range of 7-8%. Over the past year it has returned 13.7%, the best in its peer group.

Underlining mine - the discount rate is aligned to gilt yields, which are more likely to be rising than falling.

jonwig
20/11/2013
08:39
NB: xd 3.5p today.
jonwig
20/11/2013
07:52
Impressive as long as you ignore the statutory IFRS numbers, which are all over the place, and concentrate on the "investment basis" accounts.

Interesting that the IFRS earnings are hit badly by the effect of rising gilt yields. Ultimately these will have the effect of reducing net asset value which in turn could well hit the share price - already at a premium.

Anyway, dividends of 7.0, 7.1, 7.25 (2013 through 2015) is an increase of over 2% pa which isn't a bad stab at indexing.

With inflation and interest rates damped down for now, these are a decent hold. Is the wider market (FTSE100) wobbling a bit? Trending level/lower since 30/10.

jonwig
20/11/2013
07:06
Highlights

for the six months ended 30 September 2013 (on an Investment basis unless noted otherwise1)

· Value of the Group's investment portfolio as at 30 September 2013 was £1,437.6m, up 18.5% from £1,213.1m at 31 March 2013

· Profit before tax of £71.4m (2012: £42.2m), up 69% period-on-period, driven by portfolio performance, acquisitions made and growth in valuation

· Net asset value per share (post-interim dividend) of 119.6p, up 3.2p from 116.4p at 31 March 2013

· Interim Dividend of 3.5p per share has been declared (2012: 3.425p), payable in December 2013, with a scrip dividend alternative

· Confident of achieving the 7.1p dividend target for the year to 31 March 2014 and guidance for the subsequent financial year to 31 March 2015 of 7.25p per share

· Total shareholder return of 5.8% in the six month period

· Proceeds from the £167.3m Ordinary Share issue in March and tap issue of £86m in July fully invested

· Ten new investments and three incremental stakes acquired during the period for £197.7m

· Two additional acquisitions made since the period end at a combined cost of £9.2m

· The Group's portfolio of investments is performing to plan with cash receipts from underlying projects as expected

· All projects, with the exception of one acquired during the period, are fully operational

· The pipeline of potential new investment opportunities under evaluation remains promising, with several at an advanced stage of negotiation

skinny
28/10/2013
07:09
HICL Infrastructure Company Limited ('HICL') intends to announce interim results for the six months ended 30 September 2013 on Wednesday 20 November 2013. An analyst presentation will be held at 9:30 a.m. on the day of the results at the offices of Canaccord Genuity, 41 Lothbury, London, EC2R 7AE.

In addition, the Directors intend to announce the first interim dividend for the financial year ending 31 March 2014 ahead of the results date, in order that HICL may offer a Scrip Dividend alternative and make payment of the interim dividend by 31 December 2013. The current intention is that an interim dividend will be announced on Thursday 14 November 2013.

skinny
23/10/2013
14:34
Link to Questor article - key part is below

At the most recent annual valuation of the fund, HICL said its portfolio of investments was worth £1.21bn, with an average asset life of 22.3 years and debt agreed for 20.7 years. On that basis the shares at their current price are trading at a premium of about 13pc to a net asset value of 116.4p per share.

The premium exists because HICL has said it expects to pay a dividend of 7.1p for the year ended March 2014. The dividend has increased by 2.2pc for every year since 2006. That dividend currently offers a forecast yield of 5.4pc.

Say what you like about PPP but Questor can't think of many other places that offer inflation-linked income at 5.4pc It's little wonder the shares have risen more than 7pc this year. Buy

spangle93
22/10/2013
22:44
Questor (Telegraph) was happy to issue buy advice today.
cyfran101
21/10/2013
06:25
HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, is pleased to announce two acquisitions, being a 50% shareholding interest in the Brighton Children's Hospital Project from Kajima Partnerships Limited and a 29.1% interest in the Falkirk Schools NPD Project from Royal Bank Project Investments Limited.
skinny
24/9/2013
10:22
I think what he actually said was that they could accomodate a rise of 2-3% of the long date gilt rates before nav was affected. From 3:08 in:

www.citywire.co.uk/money/how-a-high-yielding-infrastructure-investment-trust-works/a703969?re=25370&ea=133742&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary

I thought the interview well worth a listen.

irkin
24/9/2013
07:04
Citywire have a short video interview with a manager from HICL today. If you understand the business the content is very basic and probable not of much interest.

There is however one useful observation in that the discount rate used is very conservation as regards Discounted Cash Flow and thus Net Asset Value. They reckon that valuations would not be affected until rates exceed 3% and the income stream would not be affected at all.

daveofdevon
29/8/2013
06:12
HICL Infrastructure Company Limited (the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, is pleased to announce the acquisition of:

1. The remaining 50% equity interest in the Newton Abbot Community Hospital Project ("Newton Abbot"). Newton Abbot is a 31 year concession which runs until December 2038 for the construction and operation of a community hospital for Torbay and Southern Devon Health and Care NHS Trust.

2. A further 5% equity and loan notes interest in the Connect Project ("Connect") giving the Group a 33.5% interest overall. Connect is a 20 year concession which runs until November 2019 to upgrade and operate London Underground Limited's radio and telecommunications systems.

The total consideration paid for the two acquisitions is in line with the current valuation of other UK PFI projects in the Group's portfolio, and the acquisitions are central to the strategy of investing in operational social and transportation infrastructure concessions.

The acquisitions were funded from the Group's existing cash and debt resources.

skinny
19/8/2013
09:37
Investment of £1.9m in the new Birmingham Dental Hospital & School of Dentistry


HICL Infrastructure Company Limited (the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, is pleased to announce an investment of £1.9m in the development of the new Birmingham Dental Hospital & School of Dentistry (the "Project").

The Project, to be developed by Birmingham Community Healthcare NHS Trust together with its partners the University of Birmingham, Birmingham and Solihull LIFT ("BaS LIFT") (in which the Group has an investment) and Calthorpe Estates, is the first integrated, stand-alone dental hospital and dental school to be built in the UK for almost 40 years. Construction of the Project, which will take place on the former BBC Pebble Mill studios site in central Birmingham, is seen as a key element of the new Edgbaston Medical Quarter as well as further enhancing the City's reputation as a hub of Medicine, Learning and Life Sciences.

The Project, which involves the construction of a new 15,465m2 four-storey dental hospital and school of dentistry, will house a range of services for the public including walk-in emergency dental care, Restorative Dentistry, Oral Surgery, Oral Medicine, Orthodontics and Paediatric Dentistry. Construction of the new building will be undertaken by Galliford Try and is expected to be completed by Autumn 2015.

BaS LIFT is jointly owned by Prime LIFT Investments Ltd and Community Health Partnerships (Department of Health); Prime LIFT Investments Ltd is a joint venture between the Group and Prime plc.

The Project is the fifteenth new health facility to be developed and financed by BaS LIFT over the last nine years and is one of the largest facilities to have been developed under the NHS LIFT initiative (Local Improvement Finance Trusts).

skinny
18/8/2013
10:39
Agreed, Killieboy. Glad to be of help.
asmodeus
06/8/2013
17:58
asmodeus - all cleared up now; div is paid gross and, depending on one's tax position, tax IS payable to HMRC. Thanks for help.
killieboy
05/8/2013
19:29
Killieboy, you are not an idiot, and you haven't "got it all wrong", in my opinion. So we are back to the original query, I think. Namely, if you get your gross divs from HICL, you will be expected to declare them and pay tax. If you put them in an ISA, though, they will be income-tax free. All in my opinion, of course, and may well be disputed.
asmodeus
05/8/2013
19:22
Blueliner - you say that divs are tax-free "until you clock up "etc. Well, my Wife is a non-tax-payer, and assures me that she soon realised that she was not able to recover the 10% tax deducted from dividends. I.e. they are not tax-free!

So she goes in as much as possible for off-shore funds paying divs. gross, and then they are really are tax-free, whether in, or out of an ISA.

Re: your last line in your 169, in my opinion there is no point in having an ISA for any purpose *other* than saving income tax, because most of us will never be bothered with cap-gains tax after using our annual allowance - even ignoring established capital losses! And then, there is no point in a standard-rate payer putting ordinary divs in an ISA unless paid gross, as I keep saying. Its OK for higher-rate payers, because they lose only 10%, and have no further tax to pay. Of course its good to have some pure growth stocks with the idea of converting the growth for income in the future.

asmodeus
05/8/2013
18:27
Quite clear:
killieboy
05/8/2013
18:19
Maybe I am an idiot but it seems to me that these divs are paid without deduction of UK tax and therefore the tax man will take his 10%.
killieboy
05/8/2013
18:10
They are tax free edit ( co has already deemed to have paid the tax ) until you start to clock up a significant sum of dividend payments that trigger a liability when other sources of income are taken into account.
So good idea to have a portion of income stocks in your ISA.

blueliner
Chat Pages: Latest  13  12  11  10  9  8  7  6  5  4  3  2  Older

Your Recent History

Delayed Upgrade Clock