3i Share Discussion Threads

[enami] 30/1/2014 09:31

IMS looks OK on first read through - not hammered by the market so must be OK!!

16 May Annual results announcement due, 13.7p dividend confirmed (20p minus 6.7p already paid)

[housemartin2] 15/1/2014 12:38

Glad I topped up at 3.51 - at the time I thought I had missed the boat but this share is for my Long Term portfolio so I was not over worried. A nice extra +. Nice to see £4 held today - so far !

[enami] 14/1/2014 13:59

Nice to see 400p

[hotstuff] 20/12/2013 12:18

what on earth have iii done to their quotes page?

[speedsgh] 20/12/2013 11:48

CEO Simon Borrows appears to have spent £1.854m buying 3i shares. That's quite an investment. Does he know something that we don't?


On 19 December 2013, 3i Group plc (the "Company") was notified that Mr Simon Borrows, Chief Executive and a person discharging managerial responsibilities, had acquired 500,000 ordinary shares of 73 19/22p each in the Company ("Shares") as set out below:


Date of transaction Number of Shares Price per Share
--------------------- ----------------- ----------------
18 December 2013 378,211 369.422p
--------------------- ----------------- ----------------
19 December 2013 3,506 371.0571p
--------------------- ----------------- ----------------
19 December 2013 118,283 375.4919p
--------------------- ----------------- ----------------
TOTAL 500,000
--------------------- ----------------- ----------------

[enami] 11/12/2013 08:42

XD 2.7p + 4.0p special, total 6.7p.

Was top of the FTSE250 until quite recently and thought it may have had a chance of promotion to the FTSE100 at today's review (which is based on yesterday's closing prices) but unlikely now I think.

[ccr1958] 28/11/2013 15:21

Just been through some old files and have come across a share certificate for 145 free shares in these from flotation 24 feb 2000. not a kings ransom but v nice just the same ... ccr.

[enami] 19/11/2013 16:30

Bought in today, bullish reversal candle and the prospect of the extra dividends.

[a0148009] 14/11/2013 15:19

Good to have some company - not much following on this board when one considers the size of the market cap. I have done very well over the last 12 months and sold most a couple of days ago. Hope to get back in lower down later.

AO

[housemartin2] 14/11/2013 13:45

An interesting 6m report. They seem to be doing a lot of the right things. I do however have a concern over the amount of investment they have in Europe. The slow car crash that is the Eurozone has not, in my opinion come to rest and the solution seems as far away as ever. It is this that is holding me back from investing at this price - although the price is falling, presumably some overhang to be shifted from the Bramson disposal. A bit lower might persuade me that the risk / reward is better ( I currently have a small holding acquired as an inheritance)

[a0148009] 14/11/2013 10:16

Decent payout total 20p this year,management indicated earlier higher distributions in the future.SP overstretched 20% premium to NAV 322p with share price failing to breakout above the 380's recently price overstretched.Company in early stages of new strategy looking to buy closer to current NAV.

AO

[a0148009] 06/11/2013 19:07

Creeping up to the recent high of 381p with a market cap of £3672m larger
than Admiral, Tate & Lyle, Vendata and Wm Hill all FT100 stocks.

AO

[a0148009] 02/9/2013 11:41

Good chance will move into FTSE100 this month.

AO

[bones] 24/7/2013 17:34

Thanks AO. I am not focussing on NAV as a concrete figure as that is something of a judgement by accountants. So long as the investments held by 3i are growing businesses, which they should be in a recovering economic environment, I would like to think NAV will naturally increase. I have also positioned myself to take advantage of FTSE trackers buying in to 3i on a potential entry into FTSE100.

I was also impressed by the big director buy earlier in the year. Shame it only just came to my notice when I reviewed the queue outside the FTSE100!

[a0148009] 24/7/2013 17:07

Bones, welcome to the board, sadly minuscule support on this board as you can see from my posts since 18th March.

It is currently trading at premium of 20% to last published NAV which normally one would say that is enough. However with the expectation of additional distributions, probably another 5p or more on top of base dividend in this current year, see extract below from recent quarterly statement, and considerable addition of third party funds under management and shake up by the board it could do well over the next 2-3 years as you point out. There is very little research on the company, if you find anything interesting would you please post.

"Shareholder distributions

The Company is holding its Annual General Meeting later today. The Board has proposed, a final dividend of 5.4 pence per share, giving rise to a cash payment of approximately GBP51 million in July 2013 and a full year dividend of 8.1 pence per share. The reduction in NAV relating to this proposed dividend is not reflected in the 30 June 2013 NAV disclosed above of 326 pence per share.

In May 2012, the Board announced a strengthened distribution policy in order to give shareholders a direct share in the success of the Group's realisation activities. Under this policy, the aggregate distribution to shareholders, including the annual base dividend, will be at least 15% and up to 20% of gross cash realisations, provided that gross debt is less than GBP1 billion and gearing is less than 20%. These conditions have now been satisfied and the Group intends to initiate additional shareholder distributions above the annual base dividend in respect of the financial year ended 31 March 2014.

Realisation proceeds received in the first quarter, plus proceeds from the realisations announced but not yet completed, total GBP443 million. The running total of proceeds for the distribution calculation is therefore GBP665 million, including the GBP222 million received on the exit of Mold-Masters received in FY 2013.



The Company is holding its Annual General Meeting later today. The Board has proposed, a final dividend of 5.4 pence per share, giving rise to a cash payment of approximately GBP51 million in July 2013 and a full year dividend of 8.1 pence per share. The reduction in NAV relating to this proposed dividend is not reflected in the 30 June 2013 NAV disclosed above of 326 pence per share.

In May 2012, the Board announced a strengthened distribution policy in order to give shareholders a direct share in the success of the Group's realisation activities. Under this policy, the aggregate distribution to shareholders, including the annual base dividend, will be at least 15% and up to 20% of gross cash realisations, provided that gross debt is less than GBP1 billion and gearing is less than 20%. These conditions have now been satisfied and the Group intends to initiate additional shareholder distributions above the annual base dividend in respect of the financial year ended 31 March 2014.

Realisation proceeds received in the first quarter, plus proceeds from the realisations announced but not yet completed, total GBP443 million. The running total of proceeds for the distribution calculation is therefore GBP665 million, including the GBP222 million received on the exit of Mold-Masters received in FY 2013."

AO

[bones] 24/7/2013 14:12

Bought in here today (387p) as the share is hovering just outside the FTSE100 auto promotion zone. If the price can get above 400p in the next month, the FTSE100 beckons at the next cutoff date I believe.

In addition to that potential driver, I think the mid-size business environment in Europe has to be picking up and accelerating over the next 2 or 3 years and this plays into 3i's strengths.

[a0148009] 10/7/2013 23:00

This has been under the radar screen 60% rise since start of year, seems no interest on this BB, share price well above last published NAV but company have had a substantial review of business and at 31 March 2013 manages 9.2 billion funds from third parties as well as their own asset base.

AO

[a0148009] 09/5/2013 16:07

Looking at chart this could go to 400p.

AO

[a0148009] 18/3/2013 15:32

Worth taking a look at this, directors invested some skin into the business.

see Debt Management Presentation below.


Edit: current price 325p.

AO

[mdara] 01/3/2013 22:46

Course they do. I'm a worthwhile cause )))

[p1nkfish] 01/3/2013 21:46

they have nothing better to do with their money?

[mdara] 01/3/2013 20:27

Hi,
Just noticed huge director buys here. Could anyone speculate as to why? Is this purely because they consider it good value or could there be any other reason and if so what? Many thanks )

[ashbox] 27/2/2013 13:26

Massive buy by the chief executive, wonder how high this one can go??

[p1nkfish] 14/2/2013 22:32

civica sell off due and will spur further interest.

[jontyone] 14/2/2013 15:08

Directors and others still buying in, so I'm holding for now. At some point, hopefully soon, someone will make a move.