John Laing Infrastructure Share Discussion Threads

[blueledge2] 04/10/2013 09:34

Thanks Dave

[daveofdevon] 04/10/2013 09:29

The timetable is shown in the RNS dated Sept 6th (see news item in the header) and it appears to be on tuesday 8th

[blueledge2] 04/10/2013 09:12

Is it today or Monday the new shares begin trading?

[jonwig] 03/10/2013 18:02

A new article from i i (close the gap if linking):

ii.co.uk/articles/119502/john-laing-infrastructure-raises-%C2%A3242-million

[jonwig] 03/10/2013 07:24

I was half expecting a lower price (than 111p). Anyway, good to see people are still keen on these funds.

[skinny] 03/10/2013 07:14

Highlights

· Largest raise of new equity since launch
o Issue of 218,291,103 New Shares raising £242.3million (gross)
o Priced at 111p, the top of the price range and 6.3% premium to NAV1

· Proceeds to be used to repay debt drawn and to acquire a new portfolio of three PPP projects for £103 million

· In line with stated strategy of buying low risk, high quality assets to deliver a stable and secure income stream

[spangle93] 03/10/2013 07:13

111p - not really a surprise

oversubscribed - again, not unexpected - but open offer not scaled back

[its the oxman] 26/9/2013 20:32

Fair point.

[daveofdevon] 26/9/2013 19:19

I bought these at floatation and regard any growth as pure bonus. My plan is that they just sit in my ISA and pump out a steady and safe 5% yield year after year. To my mind this is almost as safe as cash and pays a hell of a lot more.

I have no intention of selling so don't care what the capital gain is.

[its the oxman] 26/9/2013 18:56

Over last 2 and half years share price is up not much more than 5p. Are these guys doing something wrong? Hope not as I have just bought a few. Hoping for a bounce back and of course there are the divs to enjoy. Nevertheless I hope we see some better share price appreciation going forward. Or am I alone in thinking this?

[drewz] 17/9/2013 12:49

I shall take up my entitlement in full, in my SIPP.

It'll keep on earning 5%+ compound for another 10 years.

[spangle93] 14/9/2013 08:00

Well, compared to bank interest, the dividends are attractive, and the pipeline of opportunities & management record to date suggests it's not going to suddenly go into administration. Offer price is still above NAV, and though the recent fall was a bit of an ouch, the premium over NAV was looking a bit rich, I guess.

I'm thinking of taking up allocation, but not applying for excess. Though like skinny, I'll wait another week - if share price drops again, then why be constrained by the offer.

[skinny] 13/9/2013 07:38

I'll do some sums nearer the time.

[jonwig] 13/9/2013 07:31

Haven't heard from TDD yet, but have raised just enough cash in my ISA for my base entitlement at 111p.

[skinny] 13/9/2013 06:31

Under the terms of the Open Offer, existing Shareholders have a Basic Entitlement to purchase 2 new Shares for every 5 Shares held at the close of business on 5 September 2013.

The new Shares will be identical to your existing Shares in terms of your Shareholder rights and will cost between 107p and 111p each. Applications will be made at the maximum price of 111p per Share. If the final Offer price, announced by John Laing Infrastructure Fund Ltd on 3 October 2013, is less than 111p then the difference will be returned shortly after completion of the Offer.

As a holder of John Laing Infrastructure Fund Ltd Ordinary Shares within your Hargreaves Lansdown account you have 2 Options to consider by our deadline of noon on Monday 30 September 2013.

[bigmike100] 11/9/2013 12:34

cheers skinny

[skinny] 11/9/2013 11:58

It may not be a sell - it went through at mid price.

[bigmike100] 11/9/2013 11:55

any thoughts on the 1.8m sell?

[bigmike100] 09/9/2013 19:58

I use www.iii.uk I have just read article very positive. I don't know how to create link. If still having problems I suggest you create a log on for the web site and look under "analysis and opinion."

[skinny] 09/9/2013 12:18

Oh right - I understand.

[spangle93] 09/9/2013 12:18

Jonwig

If you post
www.i i i.co.uk/articles/114415/john-laing-infrastructure-offers-stable-income

it might work

Readers should be smart enough to figure out what changes need to be made to the URL ;-)

If this doesn't survive the cull please post - I'm not sure whether I can see it correctly and you can't

[jonwig] 09/9/2013 12:13

No, it's the "iii" (a competitor) which ADVFN doesn't like, from me at least!

Thanks.

[jonwig] 09/9/2013 11:53

An update after the fundraising announcement:


[...]

Skinny, can you post the correct link for me, please?

[jonwig] 08/9/2013 07:45

This shows how the market mood has changed with respect to this kind of fundraising!

"We'd like to raise up to £240m, twice as much as we actually need to repay the recent debt taken on.

We're fairly certain we could raise £100m, and we'll take the chance, which probably won't happen again, of going for the full whack.

We've no idea what price the market will demand, either, so we'll pitch it at NAV-and-a-bit to see what happens. We've no choice but to include all shareholders (those nuisance PIs who want about 30 shares!) and PIs want to know the price, so we'll say 111p and give a rebate if we don't get it away at that price.

It's all the fault of these new-fangled wind and solar funds coming to market and hoovering up cash."

This particular PI is annoyed at the size of the offer which will take more than the cash he has free in his ISA. I might even sell some at around 112p to fund my allocation. Also, I don't want to get overweight in these.