3i Share Discussion Threads

[gears] 18/8/2011 17:00

What value would Enterprise be if sold or floated?

[hotstuff] 03/8/2011 08:11

I am glad I am not the only one to feel completely lost with their new horrible site.I particularly miss the "Fundamentals" on any share.

[gears] 02/8/2011 16:32

How much would Enterprise be worth if floated?

[5t0rm] 02/8/2011 11:08

I used the iii website for many years, but never again.

[monkeymonkey] 02/8/2011 08:15

so it should be think the new sites a waste of space now

[kiwi2007] 06/7/2011 10:24

and...from the FT



..........Iain Scouller, analyst at Oriel Securities, said the replacement of Mr Nolan was good news for 3i given his involvement in the investment into Enterprise, the waste service group that the private equity group had recently taken a £201m ($322m) hit on, writing it down to nil.

"We view this as a significant appointment and a good move with some new senior management being appointed to 3i from outside," Mr Scouller wrote in a note about Mr Borrows appointment.

The move came after the private equity, debt and infrastructure group lost Jonathan Russell, its global head of buy-outs last year, which had alarmed some investors and spurred worries about 3i's dealmaking ability.

It came as some shareholders have privately voiced their anger over 3i's share price performance – which has fallen behind the FTSE 100 since the beginning of the year – ahead of Wednesday's annual shareholders meeting.

On Wednesday, 3i announced a more than doubling of it's investment pace year-on-year in the three months from April to June.

Investments rose from £105m in the first quarter of last year to £233m in the past three months, driven by an increase in buy-outs and a sharp rise in growth capital deals.

The new investments included the £112m acquisition of Hilite, a £17m investment in Go Outdoors and a £13m stake in World Freight Company International.

"These new investments and a strong pipeline combined with our confidence in the portfolio, provide a positive outlook for the business," Mr Queen said.

Realisations more than quadrupled to £337m, driven by the £180m sale of Hyva and a £74m disposal of Norma.

[kiwi2007] 06/7/2011 10:14

3i and a top City rainmaker
Posted by Neil Hume on Jul 06 09:49.

Are we about to see some action at struggling private equity group 3i? Chairman Sir Adrian Montague must be hoping so.

Amid talk that several large shareholders are planning to abstain or vote against re-election of chief executive, Michael Queen at today's AGM he's moved to install a new high profile chief investment officer......more....

Iain Scouller of Oriel Securities:

"In our recent note entitled 'Should 3i remain a listed company?', we said that if 3i continues to trade on a sizeable discount, there must be a reasonable chance of a takeover approach. Suitors may be interested in acquiring a block of private equity assets and teams of experienced investment executives. Given 3i's current share price and discount valuation, we think the chance of a takeover approach is rising. We believe any takeover interest in 3i Group could come from a number of sources including: 1) existing management & shareholders, 2) another private equity firm, or, 3) a generalist investor wanting expertise and a portfolio in private equity."

[alphahunter] 27/6/2011 15:24

Well, that's cheaper than the get-together they had in Miami South Beach a few years back.

[essentialinvestor] 24/6/2011 20:20

The main issue currently facing private equity, is cash rich coporates
outbidding PE on deals.
Companies often have the benefits of synergy on their side - and deal multiples have become far more attractive.

[sogoesit] 24/6/2011 12:22

I think there must be a test of reasonableness... and I am sure that VC's and others "seeking" capital needs must stay where the rich gather.
Having been at a major organisation where "internal" courses were conducted I would not have got over the first hurdle if I had ever proposed to higher management the selection of a 5+ star hotel for such an event. Given that 3i is not a "major" organisation and should be a company who must be responsible for "squeezing" their fledgeling companies' costs I found it surprising, and hypocritical.

[essentialinvestor] 24/6/2011 11:39

The VC's I know do not tend to stay in a Travel Lodge.
When it is a listed company you may have a point though.

[sogoesit] 24/6/2011 11:24

To shareholders:
I was staying at a hotel in Frankfurt recently where 3i were holding a group get together over at least a 3 day period.... it surprised me because it was a very expensive hotel (where room costs would have exceeded e350/night on an indivudual basis)!
I am not a shareholder but if I had been I am sure I would have enquired about the suitability of such a choice in spending shareholders money!!
Good luck!

[alphahunter] 22/6/2011 16:02

By the way, I'm a value player, I can't afford expensive stocks (lol).

[salpara111] 16/6/2011 22:31

Seems to have a magnetic attraction to the 260 line!

Is this the time that I take a stake?

Surely it will be able to break away for good eventually

[alphahunter] 12/5/2011 17:39

Guy is a big beast. He used to be the MD for France and was involved hands-on in the Keolis deal.

[jonwig] 12/5/2011 16:50

Another:

On 12 May 2011, 3i Group plc (the "Company") was notified that on 12 May 2011 Willem Mesdag, a Director and person discharging managerial responsibilities, purchased 100,000 ordinary shares of 73 19/22p each in the Company ("Shares") at a price of 281p per Share. The transaction took place on the London Stock Exchange.

[jonwig] 12/5/2011 13:57

The complete RNS states:

On 12 May 2011, 3i Group plc (the "Company") was notified that on 12 May 2011 Guy Zarzavatdjian, a person discharging managerial responsibilities, purchased 860,000 ordinary shares of 73 19/22p each in the Company ("Shares") at a price of 287.079p per Share. The transaction took place on the London Stock Exchange.

... so, from the last sentence, they are real shares.

I haven't googled his name, etc. but I imagine he's a significant 'player' there.

[essentialinvestor] 12/5/2011 13:49

Are they options?, surley

[essentialinvestor] 12/5/2011 09:26

Was tempted to long yesterday, did not have the nerve with the current
market volatiliy - nice trading Alp.

[matthewa] 12/5/2011 09:22

Alpha - Nice Call