||EPS - Basic
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Pfi Infrastructure Share Discussion Threads
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|Well that's a rather good price. Good return. I agree with MakingHeaps - how do you find an alternative investment? Maybe cash is king at the moment!!|
|I am thinking of switching some into HICL, prospective yield over 5% results due at the end of May,
See you over at QYM thread!|
|Once again one of my long term no brainers is taken out at a short term attractive price. The problem is how to find a replacement.|
|Does it matter?|
|Hi Mercenary, not sure I understand the question "why PFI Infra. does settle thru crest"
Most stuff settles thru crest, in this case they use Computershare investor services Channel Islands. You can find their address in the Prospectus on the PFI website:
|Someone must Know?|
|Does anyone know why PFI Infra. does settle thru crest?|
|A particularly big buy on 3 Nov going well|
|I read that another trust specialising in PFI is to be launched. Laing jumped 10% this week as the takeover heated up. This is a bouyant sector.|
|Still being tipped as a buy by the IC. More deals to be announced shortly|
|Laing bid shows what potential there is here|
|Tipped by Trendwatch this week at 192p.|
|Post removed by ADVFN|
|Post removed by ADVFN|
|Note the IC comment "yields are falling in many areas of PFI investment" That means the directors will be able to lower their 9.1% discount factor for estimating NAV.
On the negative side I read there is a problem with new legislation on leases which could have a material impact on project values. The assumption is that it will be sorted out as it was not intended to catch PFI projects. Lets hope its clarified soon.|
|IC sticks to its Buy:
PFII already has £14m in cash, but it expects to use this up over the rest of the year and doesn't want to miss out on new opportunities. Future investments will, like the existing portfolio, focus on the health, education and defence sectors. Yields are falling in many areas of PFI investment as more investors take an interest. But management is confident that it can find attractive opportunities which, due to their size or complexity, may not appeal to other investors.
The shares are 20 per cent up on our buy tip at 151p (17 June 2005). With a strong pipeline of opportunities, funds to invest and a healthy dividend, the investment case remains attractive. Buy
Good to see that the new money is being raised at above NAV.
I have this in the "dead boring" bit of my portfolio ;-)|
|No comments on the results? I was encouraged that they are now close to being fully invested and are sufficiently confident of the market to raise another £30m at £1.75, a 4% discount to the current price.
The 20% increase in dividend is most welcome.
The NAV at £1.49 disappointed me a bit but then a 9.1% discount factor sounds extremely cautious to me for such a secure income stream.
An ideal tuck away for your SIPP|
|Another strong buy recommendation on Friday by IC. Contained within a bigger article on the PFI market place|
|Is it me or is todays announcement disappointingly short of facts? I suppose they don't want to release pricing information to the market so that people are kept guessing in the next negotiation. I see the share price has fallen whic reflects the uncertainty.|
|As IC pointed out the rise was driven by the re-rating of the sector. Laing announced today that the talks had been terminated so whatever the bidder was offering did not represent value in the opinion of the Laing directors. In my view that bodes well for the long term valuation of businesses holding these PFI assets.
I agree Stevie that they are hardly cheap at this price.
One problem with PFI prices increaseing is that it makes it harder for QYM to find suitable projects for PFI to invest in. They are still sitting on a lot of cash from the fundraising|
|Investors Chronic re-iterated their BUY rec on Friday. I can't cut and paste but the jist is that they are benefiting from the takeover activity in the sector. Not that they are going to be taken over, but it makes them seem attractive.
It is hard to see that they are still cheap at these prices.|
|any reason for the spike up (nearly 9%) on less than 27k volume ?|
If you are still here, I asked the chairman of Quayle Munro this question at the QYM AGM yesterday. His answer is that PFI does not qualify for IHT relief as it is an investment company. QYM does however as it is considered a trading company.
Hope that helps,
|Tipped again by IC on Friday. Sorry Vulgaris no idea. Presume usual AIM rules apply|