Hicl Infrastructure Share Discussion Threads

[rik shaw] 06/12/2019 09:00

NAV at interims was just short of 156p after payment of the current dividend so premium is not particularly high at present <3% compared with 12%+ recently.

[andyj] 06/12/2019 00:14

Unlikely given the premium is currently at an all time high.

[nerja] 29/11/2019 13:38

Back to 173p ish now that’s over then,hopefully

[jombaston] 22/11/2019 18:30

Steve3 - you're right about the issue price - its pretty clear in the statement. I don't know what the cost of the issue would be but it is difficult to see the shares being sold at much below 160p which would be +1.4%.

Assuming there isn't a massive upset at the election these would appear to be excellent value...it wasn't so long ago JLIF was bought out at 16%+ to NAV!

If the opinion polls hold up and the share price drifts I might buy some more myself next week...

[steve3sandal] 22/11/2019 15:48

My reading was that new shares will only be issued at a premium to NAV and the costs of issue. On that basis they may not raise full £100m. share price off about 5p today and on that basis I've topped up at 165p.

[schofip] 22/11/2019 15:11

The current price is only about 5% over nav so wondering if the offers for this float will be at a discount to the nav.

[hiddendepths] 07/11/2019 10:12

Reduces exposure to Labour risk. Welcome news!

[skinny] 07/11/2019 07:04

.

HICL Infrastructure PLC ("HICL" or the "Company", and together with its subsidiaries the "Group"), the UK-based infrastructure investment trust managed by InfraRed Capital Partners Limited ("InfraRed" or the "Investment Manager"), is pleased to announce that the Group has entered into an agreement to divest its entire equity and subordinated debt interests in two UK PPP projects: the Health & Safety Laboratory in Buxton; and the South West Acute Hospital in Enniskillen (together the "Projects"). The combined consideration is c. £52m and the disposals are expected to complete before the end of the calendar year.

In line with the Company's strategy to optimise portfolio construction, the Investment Manager sought offers for the Projects. These were analysed by InfraRed and were considered to be attractive, enhancing key portfolio metrics and delivering significant value to HICL's shareholders. The Group expects to redeploy the proceeds into accretive investments, including previously announced OFTOs that are currently at preferred bidder stage.

Harry Seekings, Co-Head of Infrastructure at InfraRed Capital Partners Limited, said:

"Over the past 18 months, we have used selective disposals to crystallise value for HICL's shareholders, recycling almost 7% of portfolio value into more attractive investments. Both the Board and InfraRed continue to seek opportunities to deliver value for shareholders, positioning the Company for future acquisitions that will further enhance the portfolio."

[carpingtris] 30/10/2019 20:19

Going good recently!

[gswredland] 28/8/2019 12:12

Looking strong here
Chances of a bid?

[skinny] 03/6/2019 16:54

A positive bullish engulfing candle on the chart.


free stock charts from uk.advfn.com

[skinny] 03/6/2019 13:06

Have a look .

[apollocreed1] 03/6/2019 12:52

@Skinny - Thanks. I actually tried to paste that in but didn't know how.

[asmodeus] 01/6/2019 08:12

The Shafting?

[skinny] 31/5/2019 17:18

Allow me :-

[apollocreed1] 31/5/2019 16:53

The cover of this week's Moneyweek is quite funny - it's a parody of "The Shining" with Corbyn in the place of Jack Nicholson.

[losos] 31/5/2019 13:15

apollocreed1 - "intend to pay it by giving out government bonds instead of cash."

The mans a looney, but sadly in the present climate we could end up with a coalition in which he is a part. I'm beginning to wish that I may have snuffed it before that happens haha.

[apollocreed1] 16/5/2019 01:25

It's been reported that Jeremy Corbyn is planning to deliver a speech where he will state a plan to nationalise all the utilities and various other businesses. They will only pay compensation of their choosing and intend to pay it by giving out government bonds instead of cash.

[schofip] 15/5/2019 20:56

Anyone know why the big drop today.

[losos] 23/4/2019 16:56

Skinny - "And it did!"

Yes I've always found that they usually do get things sorted by the end of the day. Once or twice it's been next day but that has been dividends on very small companies. Anything in the FTSE 250 has always shown on my 'income' account in the morning.

Thanks for posting the response which is what I would expect from them.