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 Shares Traded Last Trade
  0.60 0.37% 161.40 478,776 13:12:58
Bid Price Offer Price High Price Low Price Open Price
161.40 161.80 161.80 160.00 160.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 49.50 2.70 59.8 3,126
Last Trade Time Trade Type Trade Size Trade Price Currency
13:13:19 O 2,474 161.6788 GBX

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Date Time Title Posts
22/9/202008:42H I C L :::::::::::::::: long-term infrastructure investment835
15/1/201108:47secure income24

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Hicl Infrastructure Daily Update: Hicl Infrastructure Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker HICL. The last closing price for Hicl Infrastructure was 160.80p.
Hicl Infrastructure Plc has a 4 week average price of 160p and a 12 week average price of 160p.
The 1 year high share price is 183p while the 1 year low share price is currently 133.80p.
There are currently 1,936,813,501 shares in issue and the average daily traded volume is 2,387,037 shares. The market capitalisation of Hicl Infrastructure Plc is £3,133,764,244.62.
skinny: Proposed Issue of Equity. The Board of HICL Infrastructure PLC (the "Company" or "HICL") is pleased to announce that it proposes to raise additional equity capital through the issue of new ordinary shares in the capital of the Company ("New Ordinary Shares") by way of non-pre-emptive tap issuance (the "Issue"). The New Ordinary Shares will be issued at a price of 164.0p per Share (the "Issue Price"). The Issue Price represents a discount of 5.75 per cent. to the mid-market closing share price of 174.0p on 15 July 2020 and a premium of 7.68 per cent. to the last reported NAV of 152.3p (as at 31 March 2020). The net proceeds of the Issue will be applied in reducing the Company's funding requirement of approximately £75m, and in providing additional resources in respect of the Company's advanced pipeline. Details of the Issue The Issue will be made to qualifying investors (as defined in section 86(7) of the Financial Services and Markets Act 2000 (as amended)) through the Company's brokers, joint corporate brokers, Investec Bank plc ("Investec") and RBC Capital Markets ("RBC"), and will be subject to the terms and conditions set out in the Appendix to this announcement (the "Appendix"). The Issue will be launched immediately following this announcement. To register their interest in participating in the Issue, potential investors should communicate their applications for New Ordinary Shares by telephone to their usual sales contact at Investec or RBC. The Issue is expected to close at 11.00 a.m. (London time) on Tuesday 21 July 2020 but may close earlier or later at the discretion of the Company, Investec and RBC. The number of New Ordinary Shares to be issued will be agreed between Investec, RBC and the Company following the close of the Issue, and announced shortly thereafter. Investec and RBC may choose to accept applications, either in whole or in part, on the basis of allocations determined in agreement with the Company, and may scale down any applications for this purpose on such basis as the Company, Investec and RBC may determine. Investec and RBC may also, notwithstanding the above, subject to the prior consent of the Company: (i) allocate New Ordinary Shares after the time of any initial allocation to any person submitting an application after that time, and (ii) allocate New Ordinary Shares after the Issue has closed to any person submitting an application after that time. Application for Admission Application will be made to the Financial Conduct Authority for admission of the New Ordinary Shares to the premium segment of the Official List and to London Stock Exchange plc for admission to trading of the New Ordinary Shares on its main market for listed securities (the "Main Market"), (together, "Admission"). It is expected that Admission will become effective, and that dealings in the New Ordinary Shares on the Main Market will commence, on or around 23 July 2020.
skinny: Interim Update Statement. The Board of HICL is issuing this Interim Update Statement, which relates to the period from 1 April 2020 to 15 July 2020. Ian Russell, Chairman of HICL Infrastructure PLC, said: "I am pleased with the solid progress the Company has made in the period, in both the management of the existing portfolio and the execution of its investment strategy. Importantly, we have continued to ensure that our infrastructure assets have remained available for the communities they serve throughout the pandemic. "Operational performance of HICL's demand-based assets has been reassuring in the context of the gradual easing of travel restrictions. Revenue on the toll roads is ahead of expectations at the current time, underlining that these investments benefit from strategically important positioning in their respective regions. "There is continued market appetite for high quality, core infrastructure assets. The Investment Manager has been actively pursuing attractive investment opportunities, with the Company announcing accretive acquisitions in the period, demonstrating HICL's commitment to its strategy of delivering stable and socially responsible long-term returns from core infrastructure investments at the lower end of the risk spectrum. " The Company has today announced an equity fund raising at an issue price of 164p, a discount to the pre-announcement share price of 5.7%, to pay down the Revolving Credit Facility in respect of these investments and to provide additional resources to fund HICL's near-term pipeline of attractive opportunities ." more.....
rik shaw: Dividend declaration: hTtps://
carterit: ...though i do tend to sell off approx 10-20% each time the overall valuation has doubled,to either start off with a new fund or take advantage of maybe a dip in one of the other sectors or geographies that i invest in.Not all sectors and geographies rise at the same time,and having started off the investments,its good just to sit back and wait,and generally not bother about additional investing until we get periodic dips,and then take that as an opportunity to top up. And yes,i've seen the bad times as well such as the dot co boom and bust around 2000,and the big financial crisis in 2007/2008. The dot com boom and bust was what got me into income and growth funds,and reinvesting the dividends, having watched an isa investment in an aberdeen tech unit trust that paid no dividends,treble in a few years and then go all the way back down again in very short order. Since then,as many investment trusts manage to maintain dividends (or even increase year on year),if the underlying share price goes down,you get the bonus of extra additional shares,so providing you haven't bought a bunch of dogs, a market downturn needn't always be disastrous in the long term.
carterit: Sometimes i think people underestimate the attraction of income paying trusts. Some of the more heady premiums may well reduce but i think good income payers will continue to attract a premium,and never under estimate the power of compounding interest if you are able to reinvest the dividends rather than take the money. I've been able to auto reinvest the dividends for 7 years now and while the increase in share price over that period may look modest,when i see how many more shares i have,and their overall value,it looks so much more impressive. Hopefully i will be able to continue doing that for another 3 or 4 years,before i start taking the income.
jonwig: Alternatively, "This just shows that the private sector cannot be trusted to run efficient and reliable public services." Some fairly good news recently: Momentum have decided that a wholesale deselection of Blairite MPs won't go ahead for fear of damaging party unity. This means that even a Labour majority couldn't deliver on the wilder promises - for some time, at least. As for HICL, NAV at 30 Sept was 152p so I guess after the new provisions it's probably trading around par. However, there's a hint that this might not be the end of the story. The fact that the share price only fell after 9:00 (and same with JLIF) suggests exit by discretionary wealth managers.
jonwig: winsome - yes, you're right ... though that thought doesn't help the share price! I do think a more likely prospect (either party in gov't) would be a windfall tax on the reduction of CT from (?) 27% to 20%. I reckon accumulated dividends over the last 7 years could be clawed back by around 13%, and current payouts similarly constrained. Latest NAV at 30/09 was 151.6p, so some will be using this as a key number, I guess. I don't think it's ever traded at a discount - not in my holding time, anyway.
spectoacc: Share price performance will depend mainly on likelihood of May's govnt surviving, & prospect of the Corbyn communist conspiracy.
schofip: Yes I have decided to step out as well. Putting Labour policies aside for a moment. We currently have higher interest rates around the corner and a cash raising exercise in the pipeline. On top of that with the pound under pressure it is going to be more expensive to bid for projects in other countries. If the prospect of new PFI projects are not going to be available in the uk, assuming a labour win (and to be quite honest I think the tories are in complete disarray under Theresa may), I am not sure where the share price may end up.
jonwig: Acquisition of 35% stake in HS1, includes: The investment will be funded using HICL's existing cash resources and drawings from its revolving credit facility. Following completion of the acquisition, and on the basis that HICL has brought in co-investment of up to £120 million of its equity interest, HICL will have a net funding requirement of approximately £140m. Share price drops - share placing ahoy!
Hicl Infrastructure share price data is direct from the London Stock Exchange
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