John Laing Share Discussion Threads

[davr0s] 08/3/2016 10:43

Nature of the business means profits will be a bit lumpy. But looks like breakout finally confirmed

[manrobert] 08/3/2016 07:54

jonwig.thanks for you comments.they talk about a sale delayed till feb but cant see any mention of post balance sheet results to indicate price realised.

[jonwig] 08/3/2016 07:50

The pro forma stuff is explained in Financial Review basis of presentation, but I can't say I really understand it.

These results suggest at first sight that the share price should be a lot higher. Haven't time to read any more today.

[ttjohns] 08/3/2016 07:39

"
Profit before tax
-----------------
Our total profit before tax was £106.6 million in 2015, compared to £120.4 million in 2014. Profit before tax is primarily driven by the fair value movement in our investment portfolio, which in 2015 was lower mainly due to lower value enhancements. We have previously highlighted that value enhancements do not arise evenly from one year to another.
"

[manrobert] 08/3/2016 07:17

I am not quite sure how to reconcile profits compared to pro former .maybe others can help. nice dividend and increase in asset value.

[mfhmfh] 06/3/2016 21:18

20 day SMA is just crossing the 50 day SMA with results on the 8th. I think we'll move upwards from here. IMHO

[davr0s] 02/3/2016 13:47

Oh well - false alert. Normal service resumed

[igoe104] 01/3/2016 18:27

Yes, its been a frustrating share to hold, especially as this is a quality company.

[gswredland] 01/3/2016 18:22

Interesting to see this breakout - let's hope it continues.

[manrobert] 01/3/2016 18:19

results next Tuesday I believe.

[davr0s] 01/3/2016 17:10

Another push and we have a breakout at last. Must be due an update soon?

[manrobert] 01/3/2016 09:10

bt another 5000.should be safe getting in at same price as directors

[manrobert] 08/1/2016 08:48

bt just under 4000 this morning.surprised there has not been more interest considering directors buying like crazy and p.e.of only 5.fingers crossed.

[market sniper3] 07/1/2016 16:24

More Director Buys, must know somethings going right......

[davr0s] 06/1/2016 19:35

Lots of recent director buying. They must be confident - could be tempted to add myself

[igoe104] 31/12/2015 11:33

This is a good long-term hold, in any bodies portfolio.

its one of those stocks you can see rising 20% every year.

[market sniper3] 31/12/2015 11:30

JLG John Laing Group PLC (construction PLUS)

Interesting chart and looks ready to break up after a quiet time from when listing. Looks very cheap to me and managed to get some figures to add to the investment case.



Insiders move on John Laing.

Between them, two principal insiders at John Laing (JLG) shelled out around £293,000 to bump up their personal holdings in the UK infrastructure investment group. The acquisitions by John Laing's chief executive Olivier Brousse and chairman Dr Philip Nolan came on the same day that the group released a broadly positive pre-close update to the market.

Total investment commitments now stand at £170m, which is at the upper end of guidance announced at the interim results stage, with realisations on investments approaching the full-year target. Major projects under construction are progressing according to schedule, including the ongoing testing programme on the UK rail network for Phase 1 of the Intercity Express Programme.

Once best known as a pure construction play, John Laing is now focused on investments in transport, public private partnerships (PPP), as well as environmental infrastructure projects. Arguably, this lends a slightly more defensive quality to the investment case for the group.

IC VIEW:

The stock also has attractions for income seekers given a forecast yield of around 3.6 per cent based on a low pay-out ratio relative to net income, which suggests there’s potential upside on offer. The shares now trade in line with the group’s 200-day moving average, but they're changing hands at a paltry six times forecast earnings. With strong earnings growth predicted through 2016, we think it highly likely that the shares will re-rate in due course. We remain buyers.

[gswredland] 29/12/2015 10:10

Bit of life in these at last!

[topvest] 19/12/2015 07:56

Yes, that's likely. They distributed the shares to holders and so presumably some of these have subsequently sold. They seem a bargain at below NAV as that values the fund management business at nil. There is the pension deficit risk but this is now pretty well funded following the additional injection at float.

[jonwig] 19/12/2015 07:25

DavR0s - yes it's a lot, but aggregated, not a single block.

It occurs to me that Henderson's disposal of its large stake hasn't been fully accounted for in RNSs, and some of the shares may still be looking for safe hands. And might explain the share price weakness between August and November.

[davr0s] 18/12/2015 18:23

Appreciate its the UT but that's an awful lot of shares to have tidied up at the end of the day isn't it?

[skinny] 18/12/2015 17:44

Its the UT (uncrossing) trade.

[jonwig] 18/12/2015 17:39

Uncrossing - clears the decks at the end of trading by matching buyers and sellers. can usually be ignored.

[davr0s] 18/12/2015 17:24

Big closing trade >£20m - can't work out if buy or sale

[topvest] 16/12/2015 20:19

Purchased some of these this morning. Hold both of their funds as well. It's a quality company with good prospects at a discount to net asset value. More funds to come I guess.