3i Share Discussion Threads

[jontyone] 30/5/2018 17:39

Interesting reading, and something to keep an eye on in the future.

www.retaildetail.eu/en/news/general/action-owner-3i-wants-keep-chain-after-all

[jerseyman1] 21/5/2018 09:25

If they keep producing 20% + annual returns in a business with no net debt then £12.00 will soon be left behind. The investment in Action is a big big driver, no signs of it slowing down at present though

[dplewis1] 21/5/2018 08:49

It's been a long road back. When Borrows took over the share price was around 1.70, quite a turnaround and they've ridden the global recovery spectacularly well. This was 12 quid back in 2007 I don't see why that can't be achieved again.

[jerseyman1] 21/5/2018 08:41

Over £10.00, bit of a delay getting here after what were decent full year numbers last Thursday. Headlines were not as good as last year, but it took a day or so for people to work out that was because last years figures were positively affected by big currency gains and profit on sale of debt business. Got there in the end, hopefully it will continue to rise

[jerseyman1] 18/5/2018 14:38

He is a very wealthy guy, but nevertheless this is a real vote of confidence. Good news for other shareholders as no matter how wealthy he is it's unlikely he's doing it unless he really believes in the future of the business.

[jerseyman1] 17/5/2018 10:25

Just watched the results webcast. Appropriate gravitas from CEO and CFO. Strong balance sheet, great momentum in each of new investment, cash generation, portfolio growth and realisations. Interim dividend to increase from 8p to 15p from this year, and 30p + targeted for future full year dividend. Much talk of "mid to high teens" annual returns across the cycle, which will do me nicely. One to lock away and leave alone.

[dplewis1] 17/5/2018 08:15

Must be that strange 'sell on the news' phenomenon then. I'll keep mine thanks!

[jerseyman1] 17/5/2018 08:10

Look really good to me. Had a quick read of the statement, very happy at underlying position.

[dplewis1] 17/5/2018 07:11

Results looking pretty solid to me..

[dplewis1] 16/5/2018 12:25

Will be interesting to hear how that US infra investment is going. I happened to read that Action opened 244 stores in 2017..pretty impressive stuff..

[truffle] 16/5/2018 09:54

Fully agree with the positive sentiments above.
This is what I said last October

'Yes, very happy with this investment.
Great portfolio of investments run by an excellent management team it would seem'

I still feel the same way about the company
It remains a long term hold for me

[dplewis1] 15/5/2018 19:24

Yes that's grown hugely since they took over it. I agree would be nice to de-risk some there, especially as retailers in the UK have taken such a pummelling this year. It's a great share for European exposure though, much easier than doing it yourself!

[jerseyman1] 15/5/2018 18:55

Agreed dplewis1. Lucky you at getting in at that level. I held shares years ago and sold at £17. Bought back in at 6.50 a year or so back, happy to hold.Think results will be good, some de risking of Action might be nice....it's a lot of the portfolio....

[dplewis1] 15/5/2018 17:07

I bought the majority of my holding at 1.80 several years ago so needless to say I'm a very happy investor. I actually sold a few a couple of months back as I was a bit overweight but I'll be keeping the rest forever. There won't be any nasty surprises in the results, they have a great portfolio of assets and one of the best CEOs in the business. Maybe they'll increase the divi.

[jerseyman1] 11/5/2018 09:13

About time someone posted regarding 3i having gained nearly 15% since beginning of April. Decent set of results expected in a week or two and further increased dividend. Any views?

[cheshire man] 10/5/2018 08:48

Down this morning again !

[noirua] 20/3/2018 17:07

There is a thread for 3i plc here:

[noirua] 20/3/2018 17:05

I should point out that though iii has become more expensive for some it still remains lower priced than Hargreaves Lansdowne. This is especially so for foreign investments, excluding USA, where iii charge £16.00 and Hargreaves Lansdowne's total commission for Australia exceeds £200.00.

[jerseyman1] 18/3/2018 17:03

Guys, this is not the II investment portal board. This is the 3i plc quoted private equity board

[che7win] 17/3/2018 08:02

Noirua, I have always paid £3 extra for T20 trades, there is no change for me in that respect.

[noirua] 17/3/2018 02:11

I expect it depends how you trade and use iii as to whether it is cheaper or more expensive.

Those trading 20 times or more a month paid £5.95 a trade under TDI. Also level 2 was free if trading at least 10 times a month - charge is now £20.00 + VAT.

For those using T20 trades, compared to TDI, you will find that they have implemented the extra £3.00 charge that TDi never did. An increase of over 50%.

On foreign trades, excluding USA, the trade cost is up from £5.95 to £16.00. A whopping 168% increase.

A person trading 20 times a month, including 5 foreign non USA trades and 15 UK T20 trades, and using Level 2. Will pay an extra £1,440.00 a year, unhappy.
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Of course, if a person trades only 100 times a year and all UK and USA trades, and never uses T5, T10 or T20. Then compared to TDI the cost is £200 a year less at iii, happy.

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Overall iii are unable to capture the plot properly and are aiming to make things better but seem to still be travelling down the slope and not up it. Probably they have a platform that is very UK and USA based and cant seem to get the TDI all world trading attitude. Traders may slip away gradually by maintaining iii but reducing trading. That is, iii is more for investors than TDI was for traders.

[jerseyman1] 12/3/2018 22:03

This is not the II Board, it's 3iplc,

[greenrichard] 12/3/2018 14:00

Anyone else having login problems again!