Infrastructure India Share Discussion Threads

[wilwak] 14/10/2018 10:49

The amount of shares bought by the directors was really only a token gesture.

You’d think if the company was so massively undervalued they’d be piling in far more. They’d be foolish not to.

IIP is a very odd one! I struggle to understand what’s really going on.

[noirua] 12/10/2018 16:16

With a number of brokers not willing to allow buying of IIP shares and only sales the out of balance system continues. The directors last bought at 3.4p and 3.7p so selling at half that price might well be a serious error.

[noirua] 08/10/2018 18:44

Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that its annual general meeting (the "AGM") will be held at 12 noon on 7 November 2018 at IOMA House, Hope Street, Douglas, Isle of Man and that the notice convening the AGM has today been posted to shareholders.

- last updated 9/10/2018

[noirua] 08/10/2018 10:33

Unfortunately IIP are difficult to buy and both my brokers are set at sell only allowed. That is likely to retain a negativity as I want to buy but cant. This may be offering an opportunity if your broker allows buy trades.

[hvs] 08/10/2018 10:22

Does the build TOILETS in INDIA ????

INDIA needs more TOILETS.

[noirua] 06/10/2018 15:28

Infrastructure India plc agreed a financing with PSA International and Gateway Partners pursuant to which up to US$125 million (approximately £95.5 million), before expenses, will be made available to the Group (the "Proposed Financing").

The Proposed Financing will provide sufficient capital to enable Distribution Logistics Infrastructure Private Limited ("DLI") to complete, commission and ramp up all of its terminal facilities, provide additional working capital for both DLI and the Group.

DLI is a supply chain transportation and container infrastructure company headquartered in Bangalore and Gurgaon with a material presence in central, northern and southern India.

DLI provides a broad range of logistics services including rail freight, trucking, handling, customs clearing and bonded warehousing with terminals located in the strategic locations of Nagpur, Bangalore, Palwal (in the National Capital Region) and Chennai.
DLI is the largest asset in the Company's portfolio and one of the top privately owned Indian logistics businesses.

[noirua] 06/10/2018 14:57

Will take more time to obtain the US$50 million and pay off most of the loans. Also this KIDD broker problem is running on. Currency weakness will settle but also needs some time.
Basically ultra cheap but uncertainties need putting to bed.

[letmepass] 02/10/2018 14:25

Agree nice bottom found. Wonder how long before it bounces up

[noirua] 02/10/2018 13:15

Early days but signs a bottom has been reached and held for awhile. Not helped by some brokers not allowing buying of IIP stock but allowing selling.

[noirua] 28/9/2018 16:14

MMs still filling their order book, buying in another 100K at 2.865p. Appear to be holding 750,000 shares since 20 September when buying in phase first started.

[noirua] 28/9/2018 12:32

Annual Report to 31 March 2018

[noirua] 27/9/2018 16:12

Still selling at 2.865p - 180,000. Hold and be patient as cudmore says.

[noirua] 27/9/2018 13:34

Patience indeed. MMs happy to pay 2.865p to sellers. Unusual when compared to the days when nearly every trade saw a change in price. Maximum sell order at 2.865p is 100,000, no automatic trades after that.

My main broker wont allow me to buy. Something tells me it is time to buy right now...

[cudmore] 26/9/2018 23:23

Patience my friends.........patience!

[noirua] 26/9/2018 17:19

I'm not feeling inclined to sell but understand the pressure some may be under - not easy to withstand. MMs are taking in quite a lot of stock at 2.85p quite happily at the moment - may mean nothing but someone may see a good opportunity here.

The discount to NAV is quite overwhelming. Should all go well the 12% interest being paid will be off the back of IIP on the bridging loan, once discussions are completed. That will save US$5,400,000 per annum.
Looks as if 18 October is one milestone.
More work to be done but getting there a little painfully.

[noirua] 26/9/2018 13:00

The present low price at 90% below the NAV is likely to continue until IIP reduce the Bridging loan and unsecured loan - the market likes certainty if not absolute certainty. It seems very likely indeed that these debts will be paid down but IIP say talks are continuing and therefore there remains uncertainty.

Also normal trading is a concerning factor due to this KIDD not being in the hands of all brokers and stubborn brokers will only accept it through Morningstar.

Probably a good opportunity here to buy if your broker is one of those on the ball. Obviously ii and Barclays are amongst those who are not. Only sales online, that have been resumed by ii but not purchases at all.

[noirua] 24/9/2018 10:59

A KIDD is available but some brokers are stubborn in temporarily not trading the stock at all or online. Not producing a false market exactly but buckets full of uncertainty added.

KIDD Report:

[noirua] 21/9/2018 19:09

iibrokers -- Unfortunately we are unable to trade this stock on-line. Please call our Customer Services team on 0345 607 6001 for further assistance.

Not helpful as they still say they have not been provided with a KIDD via our data provider Morningstar.

[wilwak] 21/9/2018 18:50

The problem with IIP is that every time the NAV is announced it is lower than last time. Constant erosion.

I do beleive that the current share price offers value. Yet whether we’ll ever actually see a return is questionable.

I think KenMitch has it about right.

These shares were issued at £1 and IIP has achieved massive destruction of shareholder value so far.

I’m Very sceptical but hopeful.

[noirua] 21/9/2018 13:03

The value of the IIP Group's investments held by its subsidiaries was GBP223.0 million for the period ended 31 March 2018 (
GB£261.5 million to 30 September 2017
GB£296.0 million to 31 March 2017

Currency rates weakened at the end of the fiscal year with GBP:INR rate of 90.81 as at 31 March 2018 87.44 in September 2017
80.82 in March 2017.

The risk-free rate, based on the Indian 10-year bond, increased to 7.40% as at 31 March 2018
6.66% on 30 September 2017
6.68% on 31 March 2017.

-----

The Rupee has quite suddenly weakened again versus GB£ to around 95 from 90.81 in March 2018. The results to 30 September 2018 will be more important if everything concerning DLI sales through.

Ignoring the present position and on the same basis as March 31 2018 the NAV today is £213 million or 25.2p a share.