3i Share Discussion Threads

[alphahunter] 09/5/2011 14:25

Bought some today at 270p, share price has traded down lately even though the NAV has moved up ("materially" as opposed to "more than").
Nordic currencies & Euro have also been moving up and I believe that there is a some FX mismatch between assets & debt.
HG trading at par thanks to its nordic exposure, surely 3i can't trade at more than 15% discount (which may make HG a potential short against 3i).
Michael Queen - ex CFO - knows the books and bought into the share at a higher level mid-March - FTSE250 up since then. Michael Queen is a fairly risk-adverse chap when it comes to investing - I assume that this applies to his own money.

Results on May 12th

[salpara111] 19/4/2011 11:50

Just put out a limit order of 256, valid for a week so I will wait and see if it gets filled.
Have to confess that it is as much about a technical entry point as a fundamental one!

[jimcar] 17/4/2011 19:29

3i puts Shearings up for sale

[betman] 14/4/2011 11:47

3i has been in free fall from 340p since january and has not participated in the FTSE rally. Is private equity just out of favour due to access to financing or is there something else going on ?

[essentialinvestor] 11/4/2011 14:11

Traded these a few weeks back, did not see this decline on the cards.

[salpara111] 11/4/2011 14:03

Looks like it is going to retest the 255 line...if it does then I will take some.

[saltaire111] 03/4/2011 20:01

Oh dear, that's a disappointment. Market over reacting?

Salty.

[saltaire111] 20/3/2011 22:14

I topped up on 3i last week too. The recent weakness will, I'm sure, prove to be a great buying opportunity. Private equity will be the next sector to rebound and, when it does, 3i will do very nicely.

Salty

[essentialinvestor] 17/3/2011 14:33

Bought a few on that large CEO Buy, lovely discount to NAV at these levels imv.
Far more upside on the main fund imo.

[nellie1973] 30/1/2011 16:52

THE MAIL ON SUNDAY

3i Infrastructure - a public investment company - aims to give investors the steady dividend income of its peers and capital growth.

Most quoted infrastructure firms invest in large projects here, on the Continent and in America. This one does all that, but it also has a 20% stake in specialist fund 3i India Infrastructure.

India's economy is one of the fastest-growing in the world, with an immense need for roads, buildings, ports, bridges and all the paraphernalia of modern life. 3i and 3i Infrastructure have each invested about £150m in the fund, which is managed by a team of 3i specialists.

Other investors have also put in money and the fund is designed to help finance large projects across India. It benefits from the annual income the projects deliver and their increase in value.

Back in Britain, 3i Infrastructure owns assets such as Anglian Water, the Norfolk and Norwich University Hospital and a string of schools in the Highlands.

The group also has a 45% stake in Oiltanking, a leading oil, gas and chemicals storage group based in Germany with facilities in Holland, Malta and Singapore. It even owns a 17% share in a German-waste-to-energy plant, Thermal Conversion Compound, generating power from rubbish.

The business has been busy in recent months. In November it was part of a consortium that acquired leading rail company Eversholt, which owns 29% of all the trains running in Britain and leases them to train operators, such as Virgin Trains and FirstGroup.

It also bought into an Indian energy company, GVK Energy, spending nearly £200m on both purchases. Further transactions are expected this year and next as governments increasingly offload investment in roads, schools and hospitals on to the private sector and as banks, which were big investors in these assets, are forced to dispose of them to rebuild their balance sheets.

Investment in these large projects is a competitive field, but 3i Infrastructure benefits from its relationship with 3i, which has retained a 33% stake in the business and advises on all its investments.

3i has a large team of specialists and an international network of contacts, so it is a very useful ally.

3i Infrastructure shares are trading at 114.4p and the company is expected to pay a dividend of 5.9p for the year to March 2011, up from 5.5p last year. These shares are unlikely to rocket, but for investors in search of generous income coupled with a measure of capital growth, this stock is a good bet. Buy

[nellie1973] 27/1/2011 14:34

Broker upgrade today

[blueball] 05/1/2011 13:07

Nice statistic.

[saltaire111] 17/12/2010 20:47

Uptrend continues. Nice to see.

Salty

[saltaire111] 12/12/2010 19:16

Perhaps PE is back on the agenda for the investment community.

We could well be heading into a sweet spot for PE - time to jump on board?

Salty

[brucie5] 29/11/2010 18:08

I suspect there will be support at 3.00 - the line of last resistance. If so, this may be a promising point of entry. Still on the sidelines.

[brucie5] 17/11/2010 13:44

Watching this one with interest, as it looks like trying to make a secular recovery. Recent pullback is possibly an opportunity, but I'd be interested to hear what others think about the underlying value. How far, over what sort of timescale do we think it's likely to rise?

[tday] 11/11/2010 12:44

mr elbee. Very helpful comment.

[mr.elbee] 11/11/2010 08:57

mmmmmmmmmmmmmmmmmmmmmmmmmmmmm

[saltaire111] 04/10/2010 21:23

I remember the days when 3i was an exciting share to own. Now, dull as ditchwater!

Salty

[evox] 17/9/2010 12:04

3i is creating an integrated private equity business by merging its buyout and growth capital units. The decision leaves 3i with two business lines - Infrastructure and Private Equity – and expansion into other areas such as debt management are also on the cards, as flagged at the year end.

[evox] 08/9/2010 21:54

MS analysis 8/9
Estimate changes: We reduce NAV forecasts for 3i to £3.30
at Sept 2010e (from £3.46), down 5% and to £3.49 at March
2011e (from £3.64) down 4%. This reflects weaker markets
and associated multiples applied to earnings based valuations
plus the impact of currency moves.
Valuation and risks: Our price target moves to £3.14 from
£3.46 reflecting adjustments to forecast earnings and NAV. We
value the stock at a 10% discount to forward (March 2011)
book, which compares to our previous approach of valuing at
book, as we believe that the slower rebuild in investment
momentum will hold back a re-rating in the shares. Key risks
include markets, currencies and funding.