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John Laing Share Discussion Threads
Showing 301 to 324 of 325 messages
|Also from yesterday.
22 Mar Barclays Capital Overweight 0.00 - 345.00 Reiterates|
Infrastructure developer John Laing Group (JLG) is offering ‘outstanding value’, according to Peel Hunt.
Analyst Andrew Shepherd-Barron retained his ‘buy’ recommendation and increased the target price from 334p to 384p after recent results and fund raising ‘show a sector in demand’. The shares were trading flat at 274p at the time of writing.
‘We see John Laing as offering outstanding value and upgrade our target price to 384p with full fair value another 25% above that,’ he said.
He said that 2017 should prove ‘even better’ than last year in terms of ‘value creation’ that will push the share price up further.
Shepherd-Barron said it was ‘anomalousR17; that the John Laing Infrastructure and Environmental Assets investment trusts did do not have the same business pipeline but traded at a 12% premium to net asset value, while John Laing Group trades at a discount.|
|"Berenberg today reaffirms its buy investment rating on John Laing Group Plc (LON:JLG) and raised its price target to 340p (from 330p). Story provided by StockMarketWire.com"|
Peel Hunt announced John Laing Group Plc (LON:JLG), boosting its stock price target to 349.00GBX today.|
|A week before Brexit and just after a budget, maybe not too surprising that it's fallen back. Seems like a good time to buy some more.|
|I`ve just topped up at £2.51, should be a medium term bargain.|
|Couldn't break 280 and now put in two lower lows - I sold out on the first around 270. Have to respect the trend atm|
|Edison have a research note:
Need to register, free. NB this is paid for by the company.|
|Poor reaction today to a good set of results
A discount to NAV does not make sense given IT infrastucture plays trade at a premium.|
|Investors Chronicle summary:-
"John Laing has failed to take off since our buy tip late last year (271.4p, 29 Sep 2016), but with results like these we think the market is overlooking the value here, especially at a 15 per cent discount to Barclays' expected 2017-end book value per share. Buy."|
|This is the type of share that will rise 20% a year, and 3%+ Divi. I more than happy to hold for a few years yet.|
|With Tangible net assets on track to be over 300p next year, at 260p this looks a time to add.|
|Worth a bookmark - Financial Calendar
on edit - its not up to date!|
|Nice tip here.
The relevant dates in respect of the John Laing Group plc 2016 final dividend are as follows:
20 April 2017 - "Ex-dividend" date for 2016 final dividend
21 April 2017 - Record date for 2016 final dividend
19 May 2017 - Payment date for 2016 final dividend|
|So, they have realised their omission with another RNS 20 minutes ago for the relevant dates which are as predicted in my post 267.|
|19 May is the pay date, the xd isn't mentioned.|
I had the same problem - and the para copied by igoe doesn't answer our question. Similarly, when I looked on the company's website earlier I couldn't find any reference to ex div and payment dates.
Last year ex div was 21 April and payment 20 May - so I'm guessing it would be safe to knock a day off each date for this year!!|
|here you go read this .
The final dividend will be put to shareholders for their approval at the Company's Annual General Meeting (AGM) which will be held on 11 May 2017. At the Company's AGM on 12 May 2016, all resolutions were approved by shareholders|
|I failed to see an ex-divi date or payment date in the announcement. Do I need to go to Specsavers?|
Property and infrastructure developer John Laing (JLG) released a strong set of results, net asset value per share grew to 277p in December 2016, from 242p a year earlier. Profit before tax also jumped to £192.1m from £106.6m in 2015. Buy.|
|Offhand, I can't see any negatives apart from the Adelaide Hospital and the Manchester waste project. The two together form about 8% of the portfolio, and if I've read it right, together suffer a writedown of about £17m.
I don't think they are serious enough to warrant concern.
They are making some progress in the US, though whether there will be as much work as promised by mr president, I doubt.|
|RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016
John Laing Group plc (John Laing or the Company or the Group) announces its audited results for the year ended 31 December 2016.
· 14.3% increase in Net Asset Value (NAV), from £889.6 million at 31 December 2015 to £1,016.8 million
· NAV per share at 31 December 2016 of 277p (31 December 2015 - 242p)
· New investment commitments of £181.9 million (2015 - £180.5 million)
· Realisations of £146.61 million from the sale of investments
· Profit before tax of £192.1 million compared to £106.6 million (pro forma) in 20152
· Earnings per share of 51.9p (2015 - 27.6p pro forma)
· 30% increase in external Assets under Management (AuM) to £1,472 million3
· Cash yield from investment portfolio of £34.8 million (2015 - £38.9 million)
· Continuing international growth including the Group's first offshore wind farm investment and first renewable energy investment in the US
· Final dividend of 6.3p per share in line with policy (including a special dividend of 2.6p per share), giving a total 2016 dividend of 8.15p (2015 - total dividend of 6.9p)
Olivier Brousse, John Laing's Chief Executive Officer, commented:
"2016 has been another good year for John Laing with strong growth in NAV and dividends. Our origination platform is working well as shown by our increasingly diversified and growing pipeline of opportunities, while our portfolio of projects under construction is well balanced and actively managed by experienced teams, allowing us to deliver steady results. We are well organised and positioned to take advantage of future opportunities in order to continue to move our business forward while controlling our costs and our risks. "
1. Realisations include £19.5 million in respect of British Transport Police and Oldham Housing transactions which counted towards guidance for 2015.
2. Profit before tax from continuing operations of £192.1 million (2015 - £100.9 million) and from discontinued operations of £nil (2015 - £5.7 million).
3. External AuM based on published portfolio values of JLIF and JLEN at 30 September 2016.
A presentation for analysts and investors will be held at 9:00am (London time) today at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED. A conference call facility will also be available using the dial-in details below.
Conference call dial in details:
UK: 020 3059 8125
Other locations: +44 (0) 20 3059 8125
Participant password: John Laing Conference Call
Participant URL for live access to the on-line presentation:
|John Laing Group PLC (LON:JLG) has been given an average recommendation of “Buy” by the six research firms that are currently covering the company. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 328.80 ($4.10).|