Hicl Infrastructure Share Discussion Threads

[skinny] 12/12/2024 09:37

FWIW :- Barclays cuts HICL Infrastructure target to 140 (146) pence - 'equal weight'

Having held these since 2011, for the first time I'm out of the money.

[hugepants] 12/12/2024 09:14

However, a cloud hangs over the dividend cover pending regulator Ofwat’s 2024 price review and its impact on Affinity Water, which is HICL’s largest holding at 8.3% of assets.

The water group, which serves parts of London, eastern and south-eastern England, submitted business plans to Ofwat in August that include planned dividends and business growth. A final determination is expected on 19 December.

[boozey] 10/12/2024 19:52

big yellow, segro, UK wind to name but a few all in a similar position. Budget measures reducing interest rate reductions has put the whole sector out of favour. The tide will turn. Just have to have patience.

[spoole5] 10/12/2024 18:01

How low can this go? Surely at risk of being taken out at some point

[sll] 19/11/2024 08:20

Not possible to buy via barclays smart investor last week (blocked!) due to a non-compliance issue which I've raised with HICL. If I get a clear answer? will update.

Update: One of the advisor group (Aztec) just confirmed to me tonight that 'Infrared Capital' are 'working with' Barclays to resolve whatever the issue is. I suspect it will get fixed soon, but, meanwhile, not a great look!

In other news, FD leaving, interim results caused a further hit, not a bounce. Feeling privileged that Barclays (in effect) stopped me buying in. To be clear, have held in the past, liked the stock, exited when I took the view that the Board were over-paying themselves. So no exposure right now (even if I wanted to). In reality, this is an 'Infrared gig'. On the plus side, this is now quoted at a material discount to deemed TNAV.

Update 15.35pm 21/11/24 - Still not able to buy this using my long-standing Barclays Stockbrokers (BSI) Account. Parking this now. Have never met anything like this before? Anyone else?

Final 4.46pm 22/11/24 - Aztec have just informed me that the blockage has been cleared. So BSI are back 'up and running' with HICL. We'll see next week.

[caternia] 18/11/2024 18:15

Yes better wait till it gets to 90% below asset value

[shawzie] 18/11/2024 15:42

Is the current share price now 30% below net assets?
Heading towards buy territory? But perhaps not yet.

[skinny] 25/7/2024 06:03

Key Highlights

. Operational performance across the portfolio in the period was in line with expectations, demonstrating the resilient nature of the underlying assets.

· The Company is on track to deliver its target dividend of 8.25p per share for the financial year to 31 March 2025, with increased cash generation in line with expectations.

· The Revolving Credit Facility ("RCF") was repaid in May 2024 and the Company commenced a £50m buyback programme.

· Ofwat's PR241 draft determination received for Affinity Water, reflecting some positive movements as well as some gaps between the determination and Affinity's submitted business plan, as would be expected at this stage. The draft determination aligns with HICL's expectation for Affinity to resume equity distributions in AMP 8.

· Highly disciplined capital allocation approach, including the exploration of further strategic asset disposals and highly selective acquisitions where these are accretive and enhance the key portfolio metrics.

1. The Ofwat 2024 price review process that sets prices for the period from April 2025 to March 2030.

[rik shaw] 17/7/2024 06:13

HICL Infrastructure PLC (the "Company") is pleased to announce the first interim dividend for the financial year ending 31 March 2025 of 2.06 pence per ordinary share (the "Q1 Dividend").

The shares will go ex-dividend on 25 July 2024 and the Q1 Dividend will be paid on 30 September 2024 to shareholders on the register as at the close of business on 26 July 2024. a portion of the Company's dividends will be designated as an interest distribution for UK tax purposes. The interest streaming percentage for the Q1 Dividend is 87%.

[bareknee] 18/6/2024 18:04

You can paste the link into if anyone without a subscription is desperate to read the article, though riverman's summary is accurate.

I'd paste the full link, but the link gets garbled on here and can't be "fixed" purely by changing the lower case HTTPS to non-lower case

[riverman77] 18/6/2024 17:39

Doesn't say anything insightful - basically says that infrastructure funds could do well when rates falls and lists a few others he has his eye on - UKW INPP 3IN

[petersinthemarket] 18/6/2024 17:09

Times uses a paywall

[unastubbs] 12/6/2024 20:28

BUY in The Telegraoh (Questor)

[williamcooper104] 23/5/2024 15:10

Corbyn shied away from blowing up PPPs Stammer isn't going to; not least as he needs investors for renewables

[rik shaw] 23/5/2024 15:06

Unlikely to be significant impact except for potential changes in tax rates. Bear in mind a lot of the PPPs were put in place under the previous labour government.

[spoole5] 23/5/2024 07:53

Any thoughts on how a labour government will impact the ppp assets

[topvest] 22/5/2024 12:42

I've added a few more. 9% implied market return is very attractive in my view given the lower risk. I'm moving alternatives from 10% to a 15% weighting over time.

[spoole5] 22/5/2024 10:40

2% of market cap. Statistically irrelevant

[shareideas1] 22/5/2024 10:27

It's more symbolic in size but still accretive by virtue of the NAV discount

[spoole5] 22/5/2024 10:27

50m buyback, they're a 2.5bn company, bit pointless really

[hohum1] 22/5/2024 09:54

Fair enough but £50m over 12 months should have been in the buyback announcement. And it won’t touch the sides in any case…