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
  -0.20 -0.12% 169.80 2,916,483 16:25:09
Bid Price Offer Price High Price Low Price Open Price
169.80 170.00 170.00 168.00 168.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 49.50 2.70 62.9 3,289
Last Trade Time Trade Type Trade Size Trade Price Currency
17:25:44 O 50,000 169.83 GBX

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Date Time Title Posts
26/3/202114:42H I C L :::::::::::::::: long-term infrastructure investment887
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 170p.
Hicl Infrastructure Plc has a 4 week average price of 158.80p and a 12 week average price of 158.80p.
The 1 year high share price is 180.60p while the 1 year low share price is currently 157.80p.
There are currently 1,936,813,501 shares in issue and the average daily traded volume is 2,369,739 shares. The market capitalisation of Hicl Infrastructure Plc is £3,288,709,324.70.
jonwig: It is specific to HICL, which holds 35% of HS1 which derives income from Eurostar. Eurostar's financial situation is only made worse from covid travel restictions.
williamcooper104: Don't know - has to be something specific to HICL given that BBGI and INPP haven't moved by as much
williamcooper104: While NAV will eventually decline due to PFI contracts (gold dust) expiring the valuation discount rate is c7 percent - which on share price is around 6 The discount rate will assume inflation at around 2 but in a lower inflation outturn hicl will still outperform given that a 4-5 percent outrun will be better than most other fixed income returns in that environment At 6 given that high yield returns are now sub 400bps I think HICL is good relative value and a decent substitute for bonds/gilts in any equity/fixed income blended portfolio Amusingly trying to sell PFI contracts to U.K. pension funds in their hey day was next to impossible
williamcooper104: on HICL
schofip: Well I sold out my complete holding on Friday having exceeded my target of 175. It then went up another 3p leaving me somewhat disappointed in poor timing. However today they have fallen 5p making me feel glad I stood by my target. This share does not tend to go up and down 5p at a time based on nothing. I see it more of a slow burn boring plodder.
rik shaw: A number of shares moved in a similar way on Friday and have dropped back today inc BBGI and SEQI so not particular to HICL
schofip: Anyone know why HICL had big rise Friday and then dropped today. Was this driven by fundamentals.
williamcooper104: The core PFI market that HICL invests in has been dead/almost dead for years But it matters little The historic contracts will continue to pay and the value of HICL is the NPV of these contacts - you are not paying for growth. The share price is usually at a premium to NAV but that reflects a more accurate and higher valuation on PFI There are few better assets than legacy PFI contracts Have held HICL since IPO and have used it like cash ever since
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.....
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