3i Infrastructure Share Price (3IN)

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 Shares Traded Last Trade
  3.00 1.03% 295.00 1,912,214 16:35:04
Bid Price Offer Price High Price Low Price Open Price
294.00 294.50 302.00 294.50 294.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 258.50 31.90 9.2 2,391
Last Trade Time Trade Type Trade Size Trade Price Currency
17:15:08 O 138,960 295.00 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Tiger Resource (TIR), Energiser Investments (ENGI)

3i Infrastructure (3IN) Latest News

3i Infrastructure News

Date Time Source Headline
06/12/201914:06ALNC3i Infrastructure Mulling More Disposals After Sale Of UK Assets
06/12/201910:33ALNCFAlliance News Flash Headline
06/12/201910:30UKREG3i Infrastructure PLC Sale of UK projects portfolio
14/11/201907:30UKREG3i Infrastructure PLC Holding(s) in Company
07/11/201910:28UKREG3i Infrastructure PLC Doc re. Half Yearly Report 2019
07/11/201909:50ALNC3i Infrastructure Profit Slips In First Half But Asset Value Improves
07/11/201907:00UKREG3i Infrastructure PLC Half-year Report
31/10/201911:11UKREG3i Infrastructure PLC Total Voting Rights
15/10/201910:02UKREG3i Infrastructure PLC Total Voting Rights
15/10/201909:59UKREG3i Infrastructure PLC Director/PDMR Shareholding
More 3i Infrastructure News
3i Infrastructure Takeover Rumours

3i Infrastructure (3IN) Discussions and Chat

3i Infrastructure Forums and Chat

Date Time Title Posts
06/12/201917:363i Infrastructure - they get in early and bag a bargain283

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3i Infrastructure (3IN) Top Chat Posts

DateSubject
15/12/2019
08:20		3i Infrastructure Daily Update: 3i Infrastructure Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker 3IN. The last closing price for 3i Infrastructure was 292p.
3i Infrastructure Plc has a 4 week average price of 283.50p and a 12 week average price of 274p.
The 1 year high share price is 306.50p while the 1 year low share price is currently 249.45p.
There are currently 810,434,010 shares in issue and the average daily traded volume is 949,844 shares. The market capitalisation of 3i Infrastructure Plc is £2,390,780,329.50.
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11/10/2019
06:09		jonwig: Result of placing; 3iN plc is pleased to announce the completion of the equity placing announced on 3 October 2019. A total of 81,000,000 new ordinary shares of no par value each were issued at a price of 275 pence per Share, raising gross proceeds of approximately GBP222.8 million. The Shares being issued represent approximately 9.9 per cent. of 3iN plc's issued ordinary share capital prior to the Placing. The issue was substantially oversubscribed and the issue price represents a discount of approximately 7.6 per cent. to 3iN plc's share price immediately prior to the announcement of the Placing and a premium of 19.4 per cent. to the latest disclosed net asset value as at 31 March 2019 of 230.4p per ordinary share after adjusting for the dividend paid since.
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09/7/2019
05:32		jonwig: Unwelcome, but probably to be expected: Jefferies has downgraded 3i Infrastructure (3IN) as a tick up in its premium has left it in a ‘precarious’ place. Analyst Matthew Hose has downgraded his recommendation from ‘hold’ to ‘underperform’ with a target price of 302p on the stock, which is trading at a 30% premium to net asset value (NAV). ‘A 30% premium to NAV leads us to downgrade our recommendation on the fund to “underperform”,’ he said. ‘This is somewhat reluctantly given the quality of 3i Infrastructure’s proposition but the extent of the rating has left it precariously positioned in light of any potential portfolio activity.’ He added that he was ‘loathe to make pure valuation calls… particularly when the underlying fund is of high quality, as it is here’ but the shares have re-rated and there ‘are obvious risks to the fund’s near-term share price returns’. The shares fell 1.7% to 297p yesterday. https://citywire.co.uk/funds-insider/news/the-expert-view-imperial-brands-iag-and-3i-infrastructure/a1248332
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09/5/2019
06:18		jonwig: Annual results: https://www.investegate.co.uk/3i-infrastructure--3in-/rns/results-for-the-year-to-31-march-2019/201905090700064416Y/ Strong stuff! The Company generated a total return of £258 million in the year ended 31 March 2019, or 15.4% on opening NAV, again exceeding the target of 8% to 10% per annum to be achieved over the medium term. The NAV per share increased to 234.7 pence. We delivered a Total Shareholder Return ('TSR') of 33.4% in the year (FTSE 250: 1.0%). Since IPO, the Company's annualised TSR was 13.4%, comparing favourably with the broader market (FTSE 250: 7.4% annualised over the same period). The Company has achieved this performance with relatively low share price volatility. The Company's share price performance relative to the FTSE 250 has been particularly strong over the last five years. NAV premium has narrowed to 18%. 2019-20 dividend target up 6.4% to 9.2p (8.65p).
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02/5/2019
10:40		jonwig: Thanks Q8Don. here's the key bit, taken from a Stifel analyst: ... such a high rate of asset sales can’t be maintained, said Iain Scouller, of Stifel, the stockbroker. “The fund’s strategy is buy and hold, and it normally expects to keep its assets for five or six years,” he told Questor. “However, if it gets a good offer, it will sell. Its timing has been good, but it’s not going to be selling infrastructure year after year.” It currently has only about 10 assets, most of them relatively new, and is buying more. “These businesses take time to bed in, so we cannot expect quick sales,” Scouller added. Another signal that the shares may have got ahead of themselves is the yield. Although the dividend was increased significantly in the most recent financial year, the yield is just 3.1pc, which is on the low side for an infrastructure trust. The sector is seen largely as a source of income, and many of 3i Infrastructure’;s rivals yield far more: HICL’s figure is 5pc, for example, while GCP Infrastructure Investments yields 5.9pc. Questor, therefore, fears that the premium could easily fall. In the absence of a sufficiently strong rise in the NAV, a falling premium means a falling share price, which in turn means bringing the yield more in line with that of the peer group. “I think the premium is unsustainable – you have to question it,” Scouller said. A falling premium is, of course, no reflection on the portfolio itself, which is managed by an arm of the long-established and larger 3i investment trust. “Although there have been some changes in personnel, it is overall a stable management structure,” Scouller said. “It’s now led by Phil White, who has an experienced team who’re good at getting the deals done.” The managers are certainly well paid: on top of the base 1.5pc annual charge, there is a performance fee of 20pc of any gains of more than 8pc a year, which Scouller said was anomalous in the infrastructure sector.
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22/2/2018
14:28		jonwig: @ Don J - yes, they did. And the share price didn't drop because of the consolidation. The 15-for-19 should ensure that the share price stays stable.
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22/2/2018
14:13		don julian: Remember when they did something similar, though on a smaller scale, a couple of years ago. Well, like you I wasn't too happy about turning unrealized cap gain into taxable divis. So I sold just before... and... to my great annoyance... they paid out the special divi and the share price didn't drop but went to a 15% premium. So I'd rather shot myself in the proverbial foot ?
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21/2/2018
07:10		jonwig: Special dividend details: The Company will return £425 million to shareholders by way of a special dividend of 41.4 pence per Existing Ordinary Share to be paid on 29 March 2018. ... A share consolidation is proposed, with every 19 Existing Ordinary Shares being consolidated into 15 New Ordinary Shares. The share consolidation is intended to maintain comparability, as far as possible, of the Company's share price before and after the payment of the special dividend. Might be worth thinking about reinvesting the divi in more 3IN shares?
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01/2/2018
06:46		jonwig: Citywire article includes some broker comment: Today the share price held steady at 201p with Iain Scouller, analyst at Stifel Fund, maintaining a ‘buy’ rating and a fair value of 215p, down from 217p previously. He believed nationalisation fears were unjustified, adding: ‘Post the capital distribution we think the shares should trade at the higher end of the range for the listed infrastructure sector, given the “non-dated” assets and low exposure to UK PFI. Therefore, we think the shares should trade on a 5% to 8% premium to estimated NAV post the capital repayment.’ Ewan Lovett-Turner of Numis Securities said in the past three years the investment company had successfully rotated its portfolio away from PFI and regulated assets towards more economically exposed sectors such as transport, logistics and communications. ‘While we believe that 3IN has a strong management team, and a portfolio of interesting businesses with attractive growth prospects, the return profile may be more difficult to predict in the event of a recession. Consequently, we believe the shares are less well suited for income seeking investors,’ he said. Http://citywire.co.uk/investment-trust-insider/news/trebles-all-round-as-3i-infrastructure-lines-up-huge-windfall-for-shareholders/a1088228?ref=investment-trust-insider-latest-news-list
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12/12/2017
20:21		davr0s: But if it were 3bn then 3in share would be 1.2m so very good. Could be interesting days ahead
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09/7/2017
06:20		jonwig: Potential sale of AWG could be affected by new OFWAT proposals for price curbs: Http://www.telegraph.co.uk/business/2017/07/08/watchdogs-new-price-curb-could-stem-flow-water-profits/ At best, valuatio could be hit. sale could even abort. UU. share price tells all.
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3i Infrastructure share price data is direct from the London Stock Exchange
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