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III 3i Group Plc

2,527.00
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
3i Group Plc III London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2,527.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
2,527.00
more quote information »
Industry Sector
GENERAL FINANCIAL

3i III Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
09/11/2023InterimGBP0.26530/11/202301/12/202312/01/2024
11/05/2023FinalGBP0.297522/06/202323/06/202328/07/2023
10/11/2022InterimGBP0.232501/12/202202/12/202211/01/2023
12/05/2022FinalGBP0.272516/06/202217/06/202222/07/2022
11/11/2021InterimGBP0.192502/12/202103/12/202112/01/2022
13/05/2021FinalGBP0.2117/06/202118/06/202123/07/2021
12/11/2020InterimGBP0.17503/12/202004/12/202013/01/2021
14/05/2020FinalGBP0.17511/06/202012/06/202017/07/2020
14/11/2019InterimGBP0.17512/12/201913/12/201908/01/2020
InterimGBP0.17511/12/201913/12/201908/01/2020
16/05/2019FinalGBP0.213/06/201914/06/201919/07/2019
InterimGBP0.212/06/201914/06/201919/07/2019

Top Dividend Posts

Top Posts
Posted at 01/2/2024 11:29 by jerseyman1
SP got a bit ahead of itself recently, good numbers again. Interesting no move in multiples on valuations despite market increases, sensible. Cant help thinking there should be a one off dividend to 3i shareholders on back of Actions raging success.
Posted at 05/12/2023 08:03 by jonwig
Citywire:

3i Group (III) is set to receive a boost from its stake in Dutch discount retail chain Action, increasing JOHCM manager Alex Savvides’ conviction in the asset manager.

The investment company is the top holding in Savvides’ JOHCM UK Dynamic fund, making up 6.8% of the £1.2bn portfolio.

In his most recent fund update, Savvides said 3i Group had ‘a minor pullback’ during October but still remained ‘strongly positive for the year’.

He focused on 3i’s largest investment, Action, which makes up more than 60% of 3i’s assets and helped push the private equity giant past £20bn for the first time.

‘Moody’s [Investors Service] announced underlying asset Action’s intention to issue a $1bn term loan, which will fund capital returns to shareholders, implying an increase in dividends to be received by majority owner 3i,’ said Savvides. ‘We maintain conviction in the position.’

Shares in 3i were trading at £22.46 on Monday.
Posted at 20/9/2023 06:53 by jerseyman1
Looks like capacity for substantial refinancing of Action and material dividend payment. 50% increase in EBITDA!
Posted at 20/9/2023 06:09 by jonwig
Presentation this afternoon. Update -



Action: "We expect operating EBITDA for the 12 months to the end of P9 2023 to be circa €1,530 million compared to €1,036 million at the end of September 2022."
But that's aggregate. LfL will be more challenging.
Posted at 20/7/2023 06:49 by jonwig
Pretty good, too:



Great action at Action, and the rest "resilient". That word again!
Posted at 23/3/2023 11:34 by jerseyman1
Action is stunning, looks like it will continue for a while yet. Dividend could be substantial if accompanied by another gearing up which business can easily cope with. Timing of eventual exit crucial, must leave something on table for purchaser.
Posted at 23/2/2023 11:53 by jerseyman1
I agree to some extent, some element of de risking makes sense. However the strength of underlying performance in the portfolio will see the discount to NAV widen materially when Q4 results come out. Probably time for another refinancing of Action to fund another dividend payout. Not easy to see a full exit at as punchy a valuation as it sits on though. But....other exits continue to be at prices well ahead of holding value
Posted at 23/2/2023 11:02 by skyship
That was an excellent article in the IC. Recommends to sell 3I Group (iii) due to an over-valuation of Action Group which now accounts for 59% of their portfolio valuation.

Action has been a superb/remarkable investment for iii; but with that degree of portfolio distortion they really have to find an exit route for at least half of their commitment.

With iii standing at just a 1% NAV discount; they look like a one-way play for the time-being; especially after the recent 4-month 50% surge upwards.

One aspect not mentioned on the Action business model surely has to be their reliance on cheap goods from China. Any interruption of that gravy train will sorely expose Action sales.

IMO these now look to be a good short...
Posted at 18/2/2023 22:50 by bothdavis
Must admit.....having bought into 3i from inception....sold 25%.

Rest is a bonus.....plus put funds into a higher dividend payer.
Posted at 26/1/2023 08:04 by jonwig
They upped the total dividend to 46.5p last year, and on the basis of this update looking at their Q3 cash position, they could pay a total of 50p this year without much of a stretch.

PE is supposed to be in the doldrums, with big discounts in a lot of funds. Performance here belies that, they are achieving sales well above internal valuations.

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