3i Share Discussion Threads

[chc15] 15/5/2024 08:45

Could this be the last time to buy under 30?, not seeing any pullback here, only huge buying demand.

[chc15] 14/5/2024 16:12

Another 40k director buy today..

[eigthwonder] 14/5/2024 10:02

I think Action will continue to grow for years to come. How the market views a slowing of the rate of growth is another matter. The other variable underlying is how the company's warranted valuation of Action changes (if at all). By keeping buying out other partners, or possibly regearing, they are in effect rigging the valuation and it would be astounding if they ever paid a lower rating than is the books.

[chc15] 14/5/2024 09:57

Don't agree, with the economy picking up, I think Actions growth has just started. Institutions are starting to realise too, hence the massive buying to push the share price up to these levels.. onwards.

[anhar] 14/5/2024 09:42

I know they have been saying this for years but you have to agree that Action must slow eventually. I agree that in a booming market, in my lengthy experience people start calling the end far too soon.

Like you I do trust III on this and assume they will get out somewhere near the top by a float or sale etc.

[chc15] 14/5/2024 09:40

Yeh ppl been saying this for years, old news mate. 3i know what they doing, I belive they may list Action on the stock mkt. The bankers are working hard to line their pockets here.

[anhar] 14/5/2024 09:30

I did see the large director buy. That doesn't change my view that Action's massive growth to date must at some stage slow down, hitting the value of Action shares and consequently those of III whose great performance has clearly benefited from the growth of Action. With III at a huge premium and its dependency on Action, any difficulty with the valuation of Action may have a severely negative impact on III shares.

I think it's a question of when to exit Action, wholly or partly, or if you like, how long to let winners run, a tricky decision no doubt and I hope they manage this favourably. I'm more than satisfied with III growth and especially the divi increases as I'm primarily a long term hold income investor, but am a little concerned about its dependency on one major holding which invites a lot of risk.

[chc15] 13/5/2024 16:12

Well done Scotty, bit annoyed I didn't top up, but I'll buy more on any big drops. For the price to recover, institutions are piling in again.

[craftyale] 13/5/2024 15:54

Let your winners run. :)

[chc15] 13/5/2024 15:38

Not scary, did u see the director buy? from a Dutch director, obviously knows more about 3i's Dutch companies, must be doing better than expected.

[anhar] 13/5/2024 10:40

The massive premium of III is rather scary given that ITs usually attract a discount. The huge growth of Action prob has a lot to do with this but sooner or later that growth rate must stall. I hope that III is sufficiently astute to get out at a propitious point, especially in view of the large proportion of its total portfolio that Action represents.

[scottishfield] 10/5/2024 13:50

Excellent, added a few.

[chc15] 10/5/2024 11:54

Wow, 200k director purchase today, says it all.

[jerseyman1] 09/5/2024 10:42

This has shown phenomenal rise since Capital Markets day a couple of months back. Recent rise pre results overdone, and share price got ahead of itself. Looking at portfolio Royal Sanders and European Bakery could be major assets in a year or two, and of course Action is just phenomenal. Bought at 640p so am very happy.

[anhar] 09/5/2024 10:17

Excellent 15.1% div increase, 61p against 53p for 23.

[kennewil] 09/5/2024 10:08

2.1% is not a bad yield, esp in a growth stock.Action is still growing strongly and that is what you are paying for.If you had invested a few years ago, your yield would be 2,3 times what it would be if you bought today.Very happy holder. And happy to reinvest nice fat dividends!!!

[chc15] 09/5/2024 10:02

If this goes near 27, I'm buying more.

[eigthwonder] 09/5/2024 09:01

Not a short IMO - it's arguably overpriced on valuation grounds (see premium to NAV) but not sure it's actually going to go wrong operationally.

[skyship] 09/5/2024 08:39

NAV 2085p; Divi 61p; Sp 2850p...

Clearly Action has been a great investment; and clearly I've totally misread this one when assuming 2000p was too high in view of the premium.

But now? A yield at the miserly level of 2.1% and the NAV premium a gigantic 26.8%!

Has to be a sell surely; but unsure whether to short it...

[chc15] 09/5/2024 08:38

The usual dip on decent results, always happens. Good update, although thought the NAV could be bit higher,all good though.

[hazl] 08/5/2024 10:56

Oh thank you anhar!

Very helpful.

[anhar] 08/5/2024 10:38

You are confusing III with 3IN, which has announced today, but that's a different share though related to III. Easily done but they are two separate shares with different investment strategies.

Their full names are 3i Infrastructure PLC (3IN) and 3i Group PLC (III).

The board for 3IN is



Hope this clarifies what is I'd agree a rather confusing situation.

[hazl] 08/5/2024 10:35

I have already seen it on investegate.


IMO