Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Hicl Infrastructure Plc LSE:HICL London Ordinary Share GB00BJLP1Y77 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 1.19% 170.40 170.20 170.40 171.00 167.80 168.00 6,705,373 16:29:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 151.9 7.9 21.6 3,300

Hicl Infrastructure Share Discussion Threads

Showing 926 to 950 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
11/6/2021
10:18
Director Pay may be a factor in the recent switch off, now that the AR & AGM notice are in our hands. eg Chairman going from £70k to £100k sounds a tad overcooked for a stock where the divs are not quite fully covered by eps - meaning that (at the margin) the company is dividending itself back to holders. But that only works if TNAV is above MMV (not the case here). Very crude, I know, but the more that premium of MMV to TNAV is stretched, the greater the chance of a snap-back (as seen yesterday). Anyway, I'll keep reading and look out for justifications for these pay awards.
exel
08/6/2021
10:52
Yes nice to buy at 1.40 comfortably below NAV.
4spiel
07/6/2021
20:29
I thought the annual report good but the increase in corporation tax from in 2023 they hint may affect future dividend. Butdepends of course on other things too!
4spiel
29/5/2021
17:09
Fair points above William, Many thanks.
exel
28/5/2021
23:11
I'm v happy with the discount to BBGI and INPP that HICL is trading at Near 5 yield for c70 percent PFI assets (remember PFI is total gold dust) is v good value in a zero yield world - and the current discount comes from demand assets that will recover And yes the yield is uncovered this year but that's totally irrelevant - all project financed infra is measures on asset life NPVs rather than one years CFAD I'm much happier with hicl diversifying into demand assets than GCP who have moved into junior loans against renewable projects
williamcooper104
26/5/2021
12:30
exel - defensive qualities, maybe? Income will be partly inflation protected, but NAV will be hit by higher interest rates (ie. dicount rate).
jonwig
26/5/2021
12:00
Results show that this company is ever so slowing dividending itself back to its shareholders. TNAV is down from 154p at last 1/2 year. Div [8.25p.] isn't quite covered by EPS [7.9p]. share price at a 20p premium to the 150p per share asset value. Dividend guidance (flat) extended for 2 more years at 8.25p (presumably cash flow-covered?) - after then? That said, the numbers could have been worse, so I perceive something of a relief rally is under way. Good luck to all holders. I'm on the fence here.
exel
26/5/2021
09:23
Results show the share is ticking over if not upwards
petewy
26/5/2021
07:59
FY results: https://www.londonstockexchange.com/news-article/HICL/annual-results-for-the-year-ended-31-march-2021/14991624 I'm pretty happy with these numbers. Balance sheet fine. Demand-based assets not too bad (except HS1, but only 4% of portfolio value). Dividend 0.9x covered (expected something like) and should be covered next year.
jonwig
21/5/2021
16:46
Not least because there's no asset management fee on capital returned to share holders
williamcooper104
21/5/2021
16:42
Yep they are more likely to reinvest into new assets
williamcooper104
21/5/2021
16:31
I wouldn't expect it to go into run-off any time soon: national infrastructure projects are all the rage in EU, GB, US.
jonwig
21/5/2021
16:27
That said I also wouldn't be shocked if there's another ATM raise
williamcooper104
21/5/2021
16:25
The covering of the divi as measured by one years ratio to free cf isn't really relevant It's the yield relative to the implied discount rate of the NPV of the remaining project cash flows that matters IMO - by implied yield mean the yield HICL use to value their assets as adjusted for the premium that HICL trades at Eg crudely if HICL values its NPVs at 7 percent and trades at a c10 percent premium then the implied return is c6.3 percent - which more than covers the dividend yield Eventually the divi will be uncovered as the PFI projects will run of and will be mainly returns of capital - but the total return will still be c6 percent
williamcooper104
21/5/2021
15:57
At the 170p level, HICL yields just under 5% - which is neither fully covered nor progressive. I've been poring through the Feb21 mid-H2 update + latest Interims & last year's AR for signs of reassurance, but come away feeling that there may be at least a little more disappointing news to come out with Wednesday's Finals (26/5/21) - notably re income from activity-related positions and EPS. With the stock going ex div on 27/5/21, I can imagine an share price of 158p-163p, in about 7 days from now. Finally, using last year as a marker, I would be unsurprised by further tap issuance, post AGM. Thereafter, I might be tempted back in, subject to pricing.
exel
19/5/2021
08:00
As opposed to the beeb eh?
joe say
19/5/2021
06:58
Follow-up: Emmanuel Macron has bowed to Boris Johnson by stumping up French taxpayer cash to lead a bailout for Eurostar. The French government and Eurostar’s other shareholders will stump up £200m to rescue the Channel Tunnel rail operator, with Britain not paying a penny or providing any loan guarantees, The Telegraph can reveal. Shareholders, led by the French state-backed rail operator SNCF, injected £50m of new equity into the business; £150m of shareholder loans; and restructured a £50m loan from lenders including NatWest. Jacques Damas, chief executive, said: “The refinancing agreement is the key factor enabling us to increase our services as the situation with the pandemic starts to improve.” Eurostar was on the brink of collapse earlier this year after passenger numbers slumped 95pc following travel restrictions introduced during the pandemic. The Telegraph at its objective, unbiased best!
jonwig
18/4/2021
11:26
Thanks Jomnwig
petewy
18/4/2021
08:23
Telegraph: Eurostar has struck a deal with its lenders to refinance hundreds of millions of pounds of debts, paving the way to re-open talks with ministers over financial support from British taxpayers. A group of banks, including state-backed NatWest, have agreed to refinance £400m of loans that were due to be repaid this summer. City sources said that Eurostar shareholders are prepared to do “heavy lifting” by injecting fresh capital into the business, but are hopeful of accessing state aid as part of a plan to preserve the operator’s long-term future. Explains why the share price here bottomed about 3 weeks ago?
jonwig
26/3/2021
14:42
I believe you are right. Eurostar will continue, it will pay its dues to HS1, as will Le Shuttle, hence the French road. And the rescue negotiations? Above my pay grade on thia!
jonwig
26/3/2021
11:17
I was very crudely getting to a write off of c50 percent There's going to be a lot of project level debt which complicates the analysis But either way it does look over done - so I bought more today - divi yield over 5 is attractive here
williamcooper104
26/3/2021
08:52
Market seems to be writing off most of the value of these assets!
spoole5
25/3/2021
18:04
Thanks for that - I've held these since 2011 and don't often look (that hard) these days.
skinny
25/3/2021
17:55
Looking at pages 48-50 of last accounts gives the revenue assumptions of the three demand assets With the two french assets there's an American highway - which given the vaccine rate in the US looks like it should/could increase in value since last balance sheet date A63/HS1 appears to be about 12 percent of total assets
williamcooper104
25/3/2021
17:28
Plus the A63 motorway in France too
williamcooper104
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
ADVFN Advertorial
Your Recent History
LSE
HICL
Hicl Infra..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210612 20:52:55