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John Laing Share Discussion Threads
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|John Laing Group ("John Laing") Update on disposal of shareholding in A1 motorway project in Poland
11 January 2017
On 4 November 2016, John Laing Group plc ("John Laing"), the international originator, active investor and manager of infrastructure projects, announced that it had entered into an agreement to dispose of its 29.69% investment in Gdansk Transport Company S.A. ("GTC") to FS Amber Holdings B.V. ("FS Amber") for €146.9 million (£131.0 million) subject to certain reductions and adjustments. Completion of the sale was subject to obtaining various consents and satisfying certain conditions.
Since that announcement, as a consequence of the exercise of pre-emption rights by a co-shareholder in GTC, NDI Autostrada share price Z.O.O. ("NDIA"), John Laing has entered into an agreement to dispose of its investment in GTC to NDIA, for the same price and on the same terms as to potential reductions and adjustment to final consideration as previously agreed with FS Amber.
Completion of the disposal to NDIA is subject to obtaining certain consents and satisfying certain conditions and is expected to occur within the first quarter of 2017.|
|John Laing Group PLC’s (JLG) Buy Rating Reiterated at Beaufort Securities.
Beaufort Securities reaffirmed their buy rating on shares of John Laing Group PLC (LON:JLG) in a research note published on Monday morning.
JLG has been the topic of several other reports. Barclays PLC reissued an overweight rating and set a GBX 315 ($4.00) target price on shares of John Laing Group PLC in a research note on Monday, October 3rd. HSBC boosted their target price on John Laing Group PLC from GBX 275 ($3.49) to GBX 315 ($4.00) and gave the company a buy rating in a research note on Friday, August 26th. Royal Bank Of Canada boosted their target price on John Laing Group PLC from GBX 270 ($3.43) to GBX 325 ($4.13) and gave the company an outperform rating in a research note on Tuesday, October 25th. Finally, Peel Hunt assumed coverage on John Laing Group PLC in a research note on Thursday, November 17th. They issued a buy rating and a GBX 344 ($4.37) price target on the stock. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of GBX 318.80 ($4.05).|
|A Couple of teething problems, which they are confident of resolving.
But over-all the picture looks very rosy, the future looks bright with a strong pipeline.
I`m happy to hold for a good while yet, and keep picking up the special divi`s along the way etc.|
They haven't built the floors strong enough to bear the load of ........ paper patient records.|
Two problems mentioned. The Manchester waste project was described in the IPO prospectus, and I thought it had been sorted out. Maybe there are fresh issues.
The Adelaide hospital is new to me.
They won't tell us how much has been written down on the individual projects, but we might be able to get some indication in the detailed results and the final NAV.|
|John Laing takes slice in Oz
Acquisition of 72.3% stake in 30MW Kiata wind farm in Victoria
John Laing Group has acquired a 72.3% stake in the 30MW Kiata wind farm in the Australian state of Victoria from Windlab for A$32.6m.
Project developer Windlab retains a 25% interest in the wind farm, with the remaining 2.7% granted to local landowners.
Construction of the project, which is expected to be complete during the fourth quarter of 2017, will also be financed by debt arranged by National Australia Bank.
Vestas Wind Systems is the EPC contractor, maintenance provider and supplier of nine V126 turbines with hub heights of 117 metres.
Kiata has a 10-year offtake agreement for the green certificates it will generate with the government of Victoria.
The deal is John Laing’s third wind farm investment in Australia|
|Nice start to the day, new highs at over £2.80|
|Indeed, JLG still seems quite cheap.
A slow burner but I think next year it'll get more attention.|
|solid investment these are, id be surprised if these are below £3 quid this time next year.
id take a punt at £3,20 in 12 months time, id be happy with that.|
|Delighted today. Removed my stop losses on three of my interests, only to find a good 3% up on two and 0.5% on the other.|
|good afternoon here, unlike some of my AIM stocks.|
|Graham - thanks, of course. The small matter of what they paid for it remains!|
|jonwig. IMO the two statements do not contradict each other. The sale announced today will not be settled in 2016, but in 2017 and as the accounts are made up to the year end, presumably that is where the figure will reside because even though the initial agreement has been made today, completion will not occur until the next financial year.
PS I too had your thought initially, but then thought about it a little harder!|
|I'm out for the time being - breaking 280 seemed to much a stretch. Still been a decent journey from the 200 level. Good luck to holders - I may be back at some point!|
|Incidentally, how can it say it's sold something for £131m, then later say:
"John Laing has given guidance for total realisations in 2016 of approximately £100 million ... Year to date, John Laing has achieved realisations of £56 million towards this guidance and is currently working on other disposal processes which, combined with its realisations to date, are capable of meeting its £100m guidance" ...?|
|This disposal (motorway, Poland) is interesting more for what it doesn't say than for what it does.
On a profits basis, it looks to be sold at 15x earnings, and 0.3x gross assets. But the project appears to carry debt, which (as always) is non-recourse. So net assets will be lower, naturally.
But we don't know the cost except that it's in the equity £10m - 25m range (prospectus) so there ought to be some profit in there!|
|The presentation is on the website:
|Hopefully we will get some interest from yesterday.
john Laing Group plc (John Laing), the international originator, active investor and manager of infrastructure projects, announces that it is holding an analyst and investor morning for institutional investors and analysts in London today.|
|October 13 (SeeNews) - UK infrastructure company John Laing Group plc (LON:JLG) is
investing in a 29.9-MW wind project in New Mexico in its first venture in the US renewable energy sector.
John Laing said today it is investing USD 20.5 million (EUR 18.6m) in the Sterling wind development in a partnership with project developer Akuo Energy USA Inc, which is a unit of French-based Akuo Energy.
The wind farm, located in Lea County, will feature 13 GE 2.3-116 turbines. It has a 15-year fixed-price power purchase agreement (PPA) with a regional utility and is expected to be completed in the third quarter of 2017.
In addition to John Laing's equity investment, the construction of the facility will be funded with a loan from BayernLB. That loan will bridge an equity contribution from GE Energy Financial Services.
John Laing recently announced its first investment in an offshore wind farm, the 110.7-MW Nordergruende project in the German North Sea.|
|IC tipped. Summary:
The shares are trading at a 9 per cent discount to forecast December 2017 NAV and a 17 per cent discount to expectations for the following year. While the prospective dividend yield on offer is not awe inspiring, it is forecast to hit the 4 per cent-mark by 2018. We rate the shares a long-term buy.|
|Good interview/write-up on Oliver Brousse in the Business section of today's Times.|
|A new high @275p.|
|Barclays have upped there price target to £3.15.|
|John Laing acquires 21.6-MW French wind project.