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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% 168.40 2,276,999 16:35:25
Bid Price Offer Price High Price Low Price Open Price
169.00 169.40 169.60 168.80 169.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 151.90 7.90 21.3 3,262
Last Trade Time Trade Type Trade Size Trade Price Currency
17:10:57 O 32,918 169.11 GBX

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Date Time Title Posts
07/7/202109:43H I C L :::::::::::::::: long-term infrastructure investment910
15/1/201108:47secure income24

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Hicl Infrastructure (HICL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:10:57169.1132,91855,667.63O
15:35:25168.40223,070375,649.88UT
15:23:45169.202,6424,470.26AT
15:23:45169.205898.14AT
15:23:45169.40136230.38AT
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Hicl Infrastructure (HICL) Top Chat Posts

DateSubject
23/7/2021
09:20
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 168.60p.
Hicl Infrastructure Plc has a 4 week average price of 165.80p and a 12 week average price of 163.40p.
The 1 year high share price is 180.60p while the 1 year low share price is currently 158.80p.
There are currently 1,936,813,501 shares in issue and the average daily traded volume is 2,333,324 shares. The market capitalisation of Hicl Infrastructure Plc is £3,261,593,935.68.
07/7/2021
09:43
williamcooper104: BBGI raised equity, £50m or around 4 percent of its market cap; and the share price falls nearly 5 percent Annoyingly again no primary bid for retail participation
28/5/2021
23:11
williamcooper104: 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
26/5/2021
12:00
exel: 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.
26/5/2021
07:59
jonwig: 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.
21/5/2021
16:25
williamcooper104: 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
21/5/2021
15:57
exel: 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.
18/4/2021
08:23
jonwig: 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?
12/2/2021
14:19
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
16/7/2020
07:15
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.
16/7/2020
07:13
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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