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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bbgi Global Infrastructure S.a. | BBGI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.60 | 1.24% | 130.60 | 10:08:36 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 128.00 | 128.00 | 130.60 | 129.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 07/4/2024 11:25 by topvest To be fair to INPP share buybacks only make sense at the margin as you wouldn't want to take on an RCF at c7% to buyback shares. Selling assets to buyback shares may make more sense. I think we will have to see how infrastructure performs as rates come down. There is a lot of money in gilts. TN25 is the most popular investment on Interactive Investor by some margin. 4.7% interest or c7% if you gross-up for tax. When this dips to c4% you will see more interest in equities for yield again in my view which is c6 months off. |
Posted at 31/3/2024 21:41 by mpage Interesting to compare the market's positive reaction to BBGI's FY23 results against the meh reaction to the much larger INPP. Both have reported similar results, both have cleared their RCF and both have set similar preannounced dividend growth targets for FY24, FY 25 then back to the usual rate for FY26.INPP commenced a buy back programme but of just £30m or 1.25% of market cap. That's tokenism by the board and makes me wonder just how committed they really are to narrowing the discount. Are investors still concerned about its exposure to Thames Tideway despite all the reassurances it is ringfenced? IF Thames Water is eventually nationalised this may increase the perceived risk for INPP (mostly UK assets) compared with BBGI (33% UK) but the rest overseas and in pretty low risk roads/transport - although quite a bit of the UK exposure is schools/hospitals. But can't see an incoming Labour government daring to renationalise PPP - couldn't afford to have it showing on the books. Good to see that BBGI's management is incentivised by growth in NAV per share and dividend growth. |
Posted at 28/3/2024 14:01 by topvest Yes, investors are not interested in boring at the moment! A good presentation. I think the only question mark in 2024 is whether they do any buy-backs or buy new assets, particularly given the RCF is clear. |
Posted at 09/2/2024 13:42 by topvest Yes, I think they are just trying to follow the herd. It will end in disaster for the bubble its creating. I have put in a VCT application today, but want to take a look at income value over the weekend. There are some wonderful bargains if you focus on oversold equities where the dividend is very well covered. BBGI is a good example. Nearly 7% dividend yield for the lowest risk alternative on the market. Some financials are super-cheap as well. On alternatives, I think investors have been scared by some big disasters, so best to stick to the quality names with long track records. |
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