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INPP International Public Partnerships Ld

124.00
-1.60 (-1.27%)
Last Updated: 11:57:20
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
International Public Partnerships Ld LSE:INPP London Ordinary Share GB00B188SR50 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.60 -1.27% 124.00 123.80 124.00 125.00 123.60 125.00 1,163,656 11:57:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 370.13M 326.9M 0.1916 6.47 2.12B
International Public Partnerships Ld is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker INPP. The last closing price for International Public Par... was 125.60p. Over the last year, International Public Par... shares have traded in a share price range of 114.60p to 149.80p.

International Public Par... currently has 1,706,103,581 shares in issue. The market capitalisation of International Public Par... is £2.12 billion. International Public Par... has a price to earnings ratio (PE ratio) of 6.47.

International Public Par... Share Discussion Threads

Showing 51 to 73 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
25/5/2012
11:41
seeker,
this is clearly a steady, solid "boring" yield play ... so why the near 12 month commentary on an extremely narrow trading range? ... seems a little pointless?

n3tleylucas
25/5/2012
11:08
Placing, Open Offer and Offer for Subscription

Issue price of 116.25 pence per New Share, representing a discount of 0.6 per cent. to the Closing Price of 116.9 pence per Existing Ordinary Share as at the close of business on 22 May 2012 and a premium of 0.9 per cent. to the estimated NAV per Existing Ordinary Share of 115.2 pence (as at 17 May 2012)

I will be subscribing just shy of my initial purchase price, for the long-term and hopeful that we should see year end close above £1.20p. My target is of course reliant on how the politicians deal with European woes.

seekerofvalue
24/5/2012
10:59
INPP 12 months support line is £1.127p, current price £1.168p a ytd low. The news below is not providing any support, INPP needs to come out with its own good news and quickly.

Ministers ready to back billions of loans for housing and infrastructure investment 24 May 2012


Time for Less Talk and More Action on Infrastructure 23/05/2012


Coalition agrees huge spending boost on infrastructure projects 23 May 2012

seekerofvalue
16/5/2012
11:28
INPP is struggling to remain above NAV as investors wait for confirmation of the pricing of the forthcoming fundraising. Which is looking more and more ill-timed given how markets have been behaving since the beginning of April.

Today's IMS is doing nothing to cheer investors.

NAV stable at Intl Public Partnerships
Wed 16 May 2012

- International Public Partnerships (INPP) said its portfolio of public infrastructure investments projects continues to perform in line with expectations in 2012.

After weighing up a number of counter-balancing factors, such as currency fluctuations, the decline in risk free interest rates and the general state of the market, the board reckons that net asset value (NAV) per share is likely to have remained on or around the 116.9p level at which it finished 2011, after allowing for distributions declared.

The company had around £38m of cash available for the payment of distributions and working capital as at May 15th, on top of which it has about £81.9m of net capacity within its corporate debt facility.

The group said the market for infrastructure investment is "strong but evolving", with fewer UK private finance initiative (PFI) projects being developed in the UK, due to the government's attempts to rein back spending. On the plus side, other parts of the world are more than picking up the slack.

The UK market is far from dormant, and there are also a number of opportunities in Australia and Europe, focused on education, transportation and health sectors which the company's investment advisor is actively pursuing.

"Overall, we continue to remain positive about the prospects for the company, both in terms of the performance of its existing assets and the opportunity to add high quality assets to the portfolio during the remainder of 2012," the group's interim management statement concluded.

The shares were down 0.3p to 117.7p in early morning trading.

seekerofvalue
08/5/2012
11:42
The expected capital raising is now due this month. The pricing should not be at too harsh a discount. I will be participating in the offer

INPP Statement re Placing and Offer 08:43 08-May-2012


Related news:

JOHN LAING INFRASTRUCTURE FUND INTERIM MANAGEMENT STATEMENT 07:00 08-May-2012



Additional Investment in the Colchester Garrison 07:00 08-May-2012

seekerofvalue
30/4/2012
13:18
INPP is trading at the bottom of its recent trading range. share price £1.179p.

Investors appear to be pricing in a forthcoming capital raising announcement, given the comments made within INPP's Annual results on 19/4/12.

"A number of investment opportunities have progressed to an advanced stage and combined with the additional strong investment pipeline, the Board is actively considering a capital raising to support these opportunities. Further details to be provided in due course".

"Taking advantage of the positive investment environment through our healthy pipeline of attractive investment opportunities is critical to the ongoing success of the Company and as such, we are actively considering our options with respect to raising more equity capital".


Related news:

3i Preparing for $407 Million Hobbs Sale, Sunday Telegraph Says
By Lucy Meakin - Apr 29, 2012 7:45 AM


Funds gear up to build bridges April 29, 2012 4:53 am
By Steve Johnson


Engineering can save us from drought 8:37PM BST 29 Apr 2012
By James Dyson


Sensible to foster infrastructure spending April 27, 2012 4:55 am
From Prof Stephany Griffith-Jones.

seekerofvalue
25/4/2012
10:18
25 April 2012 INPP 2.925 pence per share ex-dividend date. Sp currently £1.184 down 3.10p.

Related news:

Government Is On Track To Cut Cost Of Delivering Infrastructure
Source: HM Treasury
Published Tuesday, April 24, 2012 - 07:17

The Government has today published the first annual report of the three year Infrastructure Cost Review programme launched in March 2011 and led by Infrastructure UK.

The Cost Review set out plans to reduce the cost of delivering infrastructure in the UK by £2 to £3 billion a year by 2015. Today's report confirms that the programme is on track to deliver these savings, with the first annual report having already identified projected savings of up to £1.5 billion through changed behaviours and practice, consistent with the Cost Review principles.

The Commercial Secretary to the Treasury, Lord Sassoon said:

"It is vitally important that utility bill payers and taxpayers get good value for every pound spent on new infrastructure.

"Every pound saved through this Cost Review programme is a pound more that can be spent on new infrastructure for the UK.

"This first annual report shows we are on track to deliver the savings we identified last year.

"What is particularly encouraging is that these savings are being delivered through close and fruitful co-operation between the public and private sectors."

Examples of savings include: a projected 20 per cent saving (over £600 million) on the 20 major projects being delivered through the Highways Agency's Managed Motorways and Trunk Road Improvement programme, through managing projects more strategically, allowing them to work better with their supply chain and deliver savings. London Underground also expect to deliver over £400 million efficiency savings through more effective project management.

These examples, along with the others detailed in the report, represent evidence of good progress towards the overall objective of £2 to 3 billion savings per annum by 2015. The Government's focus for the next year of the programme will be to embed the behavioural changes and improved processes required to sustain these savings, with particular focus on the top 40 priority infrastructure projects and programmes identified in the National Infrastructure Plan 2011.

Industry has already reacted positively to improvements in the visibility of the infrastructure and construction pipelines, published alongside the Autumn Statement 2011. Working with industry the Government is building on these pipelines to inform the development of "capability plans" to identify and address skills gaps and capability issues within key sectors. An example of this is the tunnelling sector where key projects like Crossrail, Thames Tideway, High Speed 2 and National Grid cable tunnels will benefit from a more coordinated approach to investment in skills and apprenticeships through the Tunnelling and Underground Construction Academy.

seekerofvalue
24/4/2012
14:12
INPP touched a new all-time high of £1.219 on Friday 20/4/12 and is making another attempt at breaking out of its range again this week. Current share price £1.216p

Related news:

First State Global Listed Infrastructure fund 23rd April 2012

Sheridan Admans, investment research manager at The Share Centre, highlights infrastructure as a key sector for fund investors and recommends the First State Global Listed Infrastructure fund.

"Infrastructure is a significant investment theme that should not be overlooked by investors. It is the strength and integration of an economies infrastructure that in the long-term determines its competitiveness. Investment is driven by structural drivers such as urbanisation, globalisation of trade, mobility, communication and security of energy to name a few. Infrastructure investment also tends to be more defensive, has earnings transparency and inflation beating income returns.

"Infrastructure could see a boost from pension fund investment as well as sovereign wealth funds in the years ahead as they seek to diversify away some risk they are exposed to in credit markets, it may also enable them to match liabilities while maintaining a hedge on inflation. The UK Government has been vocal in its wish to encourage such investors to support strategic infrastructure projects in the future.

"Investment in infrastructure in regions like China is likely to mean new facilities, where as in the US and Europe it is likely to result in upgrading current facilities and the improvement of their efficiency.

"A fund that offers this exposure is the First State Global Listed Infrastructure fund, managed by Peter Meany. It invests in companies involved in projects such as airports, sea ports, gas, electric and water utilities, toll roads, communication networks, oil and gas pipe-lines.

"These companies tend to be defensive and mature, suggesting reasonable levels of dividends and dividend growth. This is further aided by high barriers to entry, strong pricing power, sustainable growth and predictable cash flows making the asset class a relative safe haven in an uncertain financial world.

"This provides an investor with a lower risk exposure to the major themes that support economic growth and is suitable for investors wanting global equity exposure, whilst retaining a defensive and more balanced return."



BAA sells Edinburgh Airport for £807m April 23, 2012 12:41 pm




Roads and rail are a hot investment ticket April 20, 2012 6:34 pm
By Matthew Vincent

seekerofvalue
19/4/2012
13:04
A good rise in volumes yesterday, followed by some good news today:

INPP net asset value UP 15.2% | 09:22 AM | Thursday 19 April, 2012

International Public Partnerships' net asset value grew 15.2% to £624.3m in the year to the end of December. NAV per share rose to 116.9p from 113.1p a year ago. Pre-tax profits were £13.2m against £16.5m in 2010 while after-tax profits rose to £16.1m from the restated £15.1m last time. Chairman Keith Dorrian said: "The company and our shareholders continue to benefit from the opportunities arising from the renewed commitment shown by governments to infrastructure investment across our geographies. "There is a heightened awareness of the pivotal role private capital plays in these long-term public sector programmes, resulting in a surge in interest from an increasingly wide investor base, attracted by the risk reward profile of the company and asset class. "Taking advantage of the positive investment environment through our healthy pipeline of attractive investment opportunities is critical to the ongoing success of the company and as such, we are actively considering our options with respect to raising more equity capital. "We look forward to 2012 with confidence." At 9:22am: (LON:INPP) share price was +0.05p at 120.05p
Infrastructure: a concrete opportunity

Related news:

Professional Pensions | 19 Apr 2012 | 08:00
By Lynn Strongin Dodds

The government National Infrastructure Plan looks like a perfect investment fit for pension funds. Lynn Strongin Dodds examines the opportunities and the risks.

Investing in infrastructure is not a new theme in the UK but the government is making a big push to get institutional investors on board with its £200bn National Infrastructure Plan.

In the past banks would have plugged the gaps but today the fallout from the financial crisis coupled with regulation makes them an unlikely bet. Pension funds are being targeted but many, albeit interested, are treading carefully.

At first glance, the asset class' potential of inflation-linked returns, stable cash flows, modest risk adjusted returns and diversification seems like a perfect fit for pension funds.

In fact, these attributes attracted them in the 1990s when the UK government rolled out its Public Private Partnership (PPP) and Private Finance Initiative (PFI) to fund the building of bridges, roads, toll roads, airports, pipelines, utility towers, educational and healthcare facilities.

Investment banks though muscled their way in during the next decade, taking advantage of cheap available financing and spiralling returns. They also tended to be the buyers of bonds that had been guaranteed, or wrapped, by one of the big monoline insurers that gave their AAA credit rating approvals to a variety of risky debt which blew up after Lehman collapsed.

Many institutional investors took a back seat which meant they did not develop the necessary internal skills to learn the inner workings of the asset class and analyse as well as assess the risks inherent in these transactions.

As Annabel Wiscarson, executive director business development at Industry Funds Management, which manages over $10 bn in infrastructure puts it: "UK trustees understand what a toll road or airport is but pricing risk is a different equation. This involves looking at the underlying risks such as regulation or traffic if it is a toll road and the contracts involved."

A shifting landscape

For those institutions that stayed in the infrastructure game the private equity pricing structure of a 2% management and 20% performance fee rankled particularly when the double digit returns failed to materialise after stock markets plunged in 2008.

Not surprisingly, the landscape is shifting again especially with the launch of the National Infrastructure Plan last year calling on the pension funds to step up to the plate and inject £20bn into transport, power and telecoms projects over the next five years.

"Over the last 15 years there was a tremendous disintermediation of debt financing away from the pension funds and insurance companies to the banks" says Hadrian's Wall Capital chairman and founder Marc Bajer.


Infrastructure cash 'needed now'

seekerofvalue
17/4/2012
11:01
INPP share price £1.199p remains in its trading range.

Related news:

Infrastructure investments get a good write in bthis article fron Investors Chronicle.
Four great growth investments Leonora Walters, 16 April 2012



Pension funds worldwide are forecast to plough $3.5 trillion into new infrastructure projects over the next decade, raising their asset allocation from 2% to more than 15%. Sebastian Walsh 16 Apr 2012

seekerofvalue
10/4/2012
11:39
INPP remains in its trading range.

Related news:

Australia to sign agreement with China
08:55, Tuesday April 10, 2012



London councils eye pooled pension fund to cut costs

London's councils are considering plans for a pooled pension fund to cut administrative costs and help fund local infrastructure projects, the Financial Times reports. 10 Apr 2012

seekerofvalue
05/4/2012
10:25
INPP remains trapped in its trading range.

Related news:

Leading industry figures to drive infrastructure template 5/04/12


Hyder ups presence in Saudi Arabia for a big expansion 5/04/12

seekerofvalue
28/3/2012
11:27
INPP remains trapped in its trading range.

Related news:

HICL shareholders get their fill Wed 28 Mar 2012


Bilfinger Berger Global Infrastructure adds prison to seed portfolio
28 March 2012



Dow Chemical sets infrastructure gold in its sights as a top sponsor
Wednesday 28th March 2012, 12:14am


UK's infrastructure must be planned, says ICE director Michael Jackson
Tuesday, March 27, 2012

seekerofvalue
22/3/2012
11:15
INPP remains trapped in its trading range.

I wonder if investors are being cautious because of INPP's 29th December 2011 comments.

"2012 Prospects and Future Capital Raising
The Board notes that 2011 was a very active year for INPP with over £120m of new investments made during the year into infrastructure assets meeting its investment criteria. The Board looks forward to 2012 with confidence based on the continuing good performance of its existing assets and the attractive pipeline of new infrastructure opportunities under review by its Investment Adviser both in the UK and overseas. The recent commitments to infrastructure procurement made by the UK government support this continuing strategy.

The Board continues to review the capital position of the Company against its likely investment opportunities and believes that if the opportunities currently under consideration come to fruition, as anticipated, that it is likely to be beneficial to seek additional capital from both shareholders and new investors by way of an equity capital raise in 2012. Further announcements will be made at the appropriate time once details are confirmed".


Related news:

Engineers in demand as infrastructure investment grows


Budget 2012: Infrastructure ambitions move very slowly


Manchester negotiates £1.2bn infrastructure deal March 22, 2012


Manager tips infrastructure as Budget 2012 nears Mar 21, 2012

seekerofvalue
19/3/2012
12:06
The Budget could bring lots of additionally attention to the infrastructure sector. Which should lead to INPP making another attempt at £1.21p.

Related news:

March 19, 2012 12:01 am
Cameron to unveil lease plan for roads


Scramble for infrastructure 'crystallising' assets, says UBS
by Emily Blewett on Mar 19, 2012 at 10:55

seekerofvalue
14/3/2012
11:49
INPP is facing resistance at £1.21 and hopefully can continue to find support at £1.19p. The news from Goldman's could bring some additionally attention to the sector.

Related news:

March 13, 2012 10:48 pm
Goldman Sachs eyes bid for Veolia Water


Comment: The pension infrastructure fund - three questions that need answering

seekerofvalue
09/3/2012
12:22
INPP has returned to support at £1.19p and touched £1.204p yesterday. If the Greek default leads to less risk. Then INPP could mount another challenge at £1.22p.

Related news:

NAPF launches £2bn infrastructure fund initiative
Mike Foster 09 Mar 201



Salmond pitches Scottish infrastructure as scheme investment 'safe haven'
Professional Pensions | 08 Mar 2012


Pension schemes and infrastructure don't mix Mike Foster 08 Mar 2012



HICL INFRASTRUCTURE COMPANY LIMITED HICL
Placing, Open Offer, and Offer for Subscription of up to 250 million C Shares
at an Issue Price of £1.00 per C Share.
The Company is seeking to raise £180 million (before expenses).

seekerofvalue
05/3/2012
14:23
INPP found support at £1.1720 on 1/3/12 and bounced nicely on good volume on 2/3/12, which continued into today's trading, where the share price touch £1.1940.

Related news:

Fine-tune planning to aid investors says CBI 5 March 2012

Small businesses in call for more infrastructure investment Mar 5 2012


Pension funds back George Osborne's infrastructure plan with £4bn
Chancellor's vision of building recovery with private cash for roads, high-speed railways and power stations a step closer 4 March 2012


BBGI acquires two prisons in Victoria 2 March 2012

seekerofvalue
29/2/2012
15:04
Yesterday and again today INPP has dipped below £1.18p support.

Related news:

Budget 2012: Chancellor Urged To Fund new ICT training infrastructure


Ted Baillieu pleads for outside aid to fund $30bn infrastructure pledge
by: John Ferguson, Victorian political editor
From:The Australian March 01, 201212:00AM

seekerofvalue
24/2/2012
16:19
INPP appears to have found intermediate support at £1.18p as markets await the clarity as to whether the risk trade is off or on.

Refreshing to note that INPP got a mention in this Investors Chronicle article.
Income for your Isa



Related news:

£20bn Treasury infrastructure plan to by-pass fund managers with 0.5% charge
Professional Pensions | 24 Feb 2012 | 12:20


UK infrastructure still needs to be built
The upcoming budget is an opportunity to fully realise the government's national infrastructure plan, says Nick Baveystock, including better accountability and performance measurement

seekerofvalue
21/2/2012
15:11
INPP is on the slide so far this week and needs to find support at £1.18p otherwise we are heading for £1.17p.

Related news:

America needs its own infrastructure bank February 20, 2012 8:28 pm


BBGI completes acquisition of seed portfolio asset


Citi, Credit Suisse picked for Australian Infrastructure Fund review
The Wall Street Journal February 21, 2012


Saudi Mining City Infrastructure to Cost $1.2 Billion, SPA Says
By Mourad Haroutunian - Feb 21, 2012 1:23 PM GMT

seekerofvalue
16/2/2012
13:18
London hosts the world's biggest infrastructure event on 22-24 February at Mansion House. With presentations from more than 50 leading infrastructure sponsors around the world. Hopefully it will lead to some interest in INPP and the end of resistance of £1.215p.

Related news:

HICL Infrastructure Company Limited
10 February 2012 Interim Management Statement


NHS Scotland needs £1 billion to repair crumbling buildings says new report



HICL Infrastructure Company Limited 16 February 2012
Acquisition of an additional interest in the Dorset Fire & Rescue PFI Project for £3.8m



Her Majesty's Treasury is in talks to develop a pension platform that will help pension funds invest more in infrastructure, according to Danny Alexander.



The chief executive of Infrastructure UK has a multi-billion pound question to answer – how do you make roads, bridges and tunnels irresistible to investors?

seekerofvalue
10/2/2012
11:34
Resistance at £1.215p remains in place. The impasse in Greece could lead to cautious investors having another look at safer plays like INPP. Which in turn coulld lead to INPP breaking out.

The first article below is similar to the Questor article that first brought about my interest in INPP.

Related news:

Forget buy-to-let, invest in a toll bridge (although not all come with a tax-free 25% return)
19 January 2012 4:01 PM




HICL Infrastructure Company Limited Interim Management Statement 10th Feb 2012


Analysis: With a dose of optimism, the focus is on solid investment in skills and infrastructure


Governments everywhere barrier to infrastructure investment, says survey

seekerofvalue
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