3i Share Discussion Threads

[craftyale] 27/11/2023 16:36

Surely 22 this week. What say all?

[scottishfield] 17/11/2023 18:54

Bank of America raises 3i Group price target to 2,480 (2,350) pence - 'buy'

[chc15] 15/11/2023 13:05

Breached 21 again, may hold this time.

[chc15] 11/11/2023 09:21

https://www.thisismoney.co.uk/money/investing/article-12735429/My-diversification-excursion-private-equity-giant-3i.html

[jerseyman1] 09/11/2023 10:24

Bizarre share price reaction early today, decent results but share price down 3%. Sense has returned nowGenerally positive performance, some trimming of EBITDA valuation multiples and some modest performance in Infrastructure. Any hint of interest rate easing should see this share price rise.

[steeplejack] 09/11/2023 10:06

Against a tough macroeconomic environment, we delivered another good result in the period for 3i. Action continues to perform very well. Its LFL sales growth, continued new store expansion and significant free cash flow from operations have once again underlined what an exceptional business it is. The strong performance of a number of our other investments in the value-for-money, private label and healthcare sectors underpins our confidence that a number of these investments will also become longer-term compounders over time.

[chc15] 18/10/2023 09:25

Good call, onwards here with good momentum, still new institutional money buying into 3i. Edit: dropped back now, but still good.

[craftyale] 17/10/2023 16:55

21 tomorrow ;)

[chc15] 20/9/2023 13:58

More director buys, staying strong here.

[eigthwonder] 20/9/2023 07:00

Yep, Borrows is pure bred private equity corporate financier and will look to ensure he maximises the cash return from Action without compromising its growth.

[jerseyman1] 20/9/2023 06:53

Looks like capacity for substantial refinancing of Action and material dividend payment. 50% increase in EBITDA!

[eigthwonder] 20/9/2023 06:18

But lfl of 20% for a company of that size is remarkable

[jonwig] 20/9/2023 06:09

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.

[chc15] 15/9/2023 08:24

Agree with that, I still maintain that there are global institutions that are yet to discover 3i and Action, and shall be buying new at these levels. May explain the momentum here.

[craftyale] 15/9/2023 08:02

I'll stick my oar in with a prediction. 2300p by Christmas Day. A mere 10% in three months. We've floated around 20 for long enough. Normal service will resume. Gla.

[jerseyman1] 14/9/2023 16:00

Recent performance has been strong. Maybe wishful thinking but can't see Action slowing down any time soon. They really do seem to have a textbook operating model and plenty of geographic expansion opportunities, plus given their working capital model gives opportunity to gear up pay dividends and pay off debt in short order.Rest of 3i portfolio seems in good shape too, but less spectacular than Action

[chc15] 14/9/2023 13:48

Indeed, strong momentum continues here. Anyone have any price predictions here for say 6 months time, I'll say 25.

[eigthwonder] 12/9/2023 15:05

Simon Borrows will be looking at Action's long term growth opportunities and current growth rate and the cash flows and very quickly conclude there is barely any price that could convince him to sell Action to invest the huge proceeds in something with better potential.

[craftyale] 12/9/2023 10:12

We floated around 20 for a bit but now breaking through a year high.

[chc15] 05/9/2023 11:38

I don't think 3i will dispose of any Action stake anytime soon. These euro director buys are strong signs it is doing better than thought. Also institutional demand is still strong here at these levels.

[milesy] 04/9/2023 12:23

Disposal of Action stake at a healthy premium on the horizon perhaps ;~) ?

[jerseyman1] 04/9/2023 11:14

That's a real positive

[truffle] 04/9/2023 10:09

A PDMR buying £1 million worth of shares

A real vote of confidence!

[chc15] 03/8/2023 09:51

Topped up here earlier, little ftse rough patch, should recover.

[jerseyman1] 02/8/2023 09:55

Obvs hysteria about US downgrade, but slippage started earlier. Never mind it's been a good run