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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
3i Infrastructure Plc | LSE:3IN | London | Ordinary Share | JE00BF5FX167 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 325.00 | 324.50 | 325.50 | 327.00 | 321.00 | 321.00 | 995,314 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 515M | 394M | 0.8517 | 3.82 | 1.51B |
Date | Subject | Author | Discuss |
---|---|---|---|
26/1/2024 07:34 | Q3 "ahead of expectations". Surprise? | jonwig | |
17/10/2023 14:43 | Bit if a swing today, dropped too much. | chc15 | |
29/9/2023 06:11 | Pre-close update: Excellent as always. Just about everything performing above expectations. No debt concerns. | jonwig | |
24/7/2023 06:12 | Sale of 25% stake in Attero at 31% uplift to book: Other 3i funds held a further 25%. Gives the lie to the idea that private equity valuations can't be trustsd. | jonwig | |
21/6/2023 19:46 | Central Banks increasing rates to combat inflation will make it more expensive for companies to do business ... those with the biggest borrowings will suffer - IMHO | peterbill | |
21/6/2023 09:17 | No idea, but topped up earlier | chc15 | |
20/6/2023 09:51 | You've got to admire their fundraising four months ago - they'd never get it away today!Is this just the gilts market panicking? I think so. | jonwig | |
20/6/2023 09:37 | Hmm bit more than an ex div drop than thought here, may have to top up.. | chc15 | |
08/6/2023 10:20 | Topped up my holding this morning, ex div next week. | chc15 | |
10/5/2023 06:20 | FY results - "3i Infrastructure continues to deliver long-term sustainable returns. I am delighted to report that we achieved another year of outperformance, with a total return of 14.7% in the year ended 31 March 2023, well ahead of our target. We have increased the dividend per share in every year of the Company's existence." Final divi 5.575p, xd 15/06, pay 10/07. NAV 336.2, target divi 11.9p for 2024. | jonwig | |
31/3/2023 06:17 | Trading statement Oct - March: All good with 11.15p dividend for 2023 confirmed. But an offhand reference to slow rollout at DNS:NET, the Berlin-based fibre-optic firm. | jonwig | |
10/2/2023 07:20 | Almost 31m new shares issued, raising £100m. Scaled back: Holders can't complain, even if they weren't invited to the party. | jonwig | |
09/2/2023 11:20 | Citywire - said 3IN was being opportunisitic and grabbing ‘first-mover advantage’ in the race for investors’ capital at a point when other infrastructure funds were trading at discounts below NAV, preventing share issues. | jonwig | |
06/2/2023 07:30 | Placing at 330p - Aim is to reduce RCF. Target size not revealed. Looks like only professional status investors will be considered, but anyone interested could contact one of the bookrunners and enquire. | jonwig | |
19/1/2023 07:17 | Q3 trading: Summed up in the first sentence: "Overall the portfolio has performed well in the Period, exceeding the expectations we set in September 2022, and continues to deliver strong performance." | jonwig | |
10/11/2022 08:18 | Questor on Tuesday's FY results: We are off to a good start with this trust, tipped here just a month ago at 314p and already 4.8pc higher at 329p. We may have been fortunate with our timing as this trust, like so many income‑produci It reported a 9.3pc total return, on the basis of its net asset value, for the six months to the end of September, which is substantially ahead of its target return of 8pc to 10pc a year. The NAV at the end of the period was 325.8p, compared with 303.3p at the end of March. The interim dividend of 5.575p is 6.7pc higher than the half‑year payment last time and the trust said it was on course to pay 11.15p for the full year, also a 6.7pc rise and expected to be fully covered by earnings. Analysts at Investec, the bank, said: “We believe that 3i Infrastructure gives investors exposure to a high‑quality portfolio of economic infrastructure assets and a management team that can demonstrate a significant depth of resource to originate and manage a portfolio of infrastructure assets. “The portfolio continues to perform strongly and given its positive value correlation to both inflation and power prices, which are expected to remain elevated, we believe the portfolio remains well‑placed to deliver attractive total returns.” Hold. | jonwig | |
30/9/2022 20:57 | Thanks for that. It will be interesting to see what the next NAV will be. | ferrox5 | |
30/9/2022 16:51 | They probably will, as rates are rising across the EU, too. Actually all these infra trusts use a higher rate than they need to! So their NAVs are lower than they should be, and they usually sell assets above carrying value which looks good. It also helps their share prices to stay usually at a premium, so they can do fundraisings! It's all a big manipulation, but nobody seems to mind. | jonwig | |
30/9/2022 16:37 | Thanks jon. Could you see them increasing the rate if i/r's rise to say 5%? Presumably this is a major factor in the NAV calculation. | ferrox5 | |
30/9/2022 15:49 | Yes - it was a blended 10.3% in the last results. I think a lower rate would apply to PPP/PFI assets where the income is government guaranteed. 3iN doesn't own any of these (I think). | jonwig | |
30/9/2022 14:46 | Citywire had an article on the Infrastructure funds. It said that 3IN used a rate of 10.9% which was a lot higher than the others (circa 7%). Does anyone know if this is correct and is it due to riskier cashflows? | ferrox5 | |
30/9/2022 06:18 | Update. Summary sentence - Our portfolio has continued to perform robustly and ahead of expectations set at March 2022. 3iN's portfolio demonstrates a positive correlation between inflation, power prices and total portfolio value. Shares have fallen 14% since the mini-budget, which I suppose is better than most. | jonwig | |
07/7/2022 11:01 | Yes, very reassuring update. Inflation could actually give a boost given that: " 3iN's portfolio companies are also part-funded with debt that is not inflation-linked, often fixed at attractive long-term rates." Low fixed-rate long term debt in an inflationary environment leads to the gearing going down, if you have some pricing power. I was hoping to get some more this summer maybe around 320p, that chance may have gone. | stevie blunder |
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