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Share Name Share Symbol Market Type Share ISIN Share Description
Infra.India LSE:IIP London Ordinary Share IM00B2QVWM67 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05p -2.17% 2.25p 57,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.00p 2.50p 2.25p 2.25p 2.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -93.21 -13.70 15.3

Infra.India (IIP) Latest News (4)

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Date Time Title Posts
22/1/201923:29Infrastructure India (IIP)1,129

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Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-22 10:22:372.0057,0001,140.00O
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Infra.India Daily Update: Infra.India is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker IIP. The last closing price for Infra.India was 2.30p.
Infra.India has a 4 week average price of 1.70p and a 12 week average price of 1.70p.
The 1 year high share price is 8.90p while the 1 year low share price is currently 1.50p.
There are currently 680,267,041 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Infra.India is £15,306,008.42.
noirua: IIP appear closer to completion with just Government hurdles to be completed shortly. Loans are extended to 7 January 2019. Following IIP shareholder approval of the Proposed Financing at an extraordinary general meeting on 24 August 2018, the parties continue to progress towards completion of that transaction, with several conditions precedent to the closing having been met and the remainder, including key governmental approvals, expected to be met in the coming weeks.
noirua: Infrastructure India plc - Notice of Interim Results to 30 September 2018 Infrastructure India plc, the infrastructure fund investing directly into assets in India, announces that it expects to publish its unaudited interim results for the six months ended 30 September 2018 on 14 December 2018. As was noted in the Company's final results announcement released on 21 September 2018, funding constraints have overshadowed progress at IIP's largest asset, Distribution Logistics Infrastructure Limited ("DLI") and without sufficient completion capital, DLI has been unable to further progress construction at its terminals. DLI has, as a result, continued to focus on streamlining existing operations pending completion of the proposed $125m financing announced by the Company on 31 July 2018. Delays to completion schedules at DLI, and the associated changes to DLI business assumptions, together a weakening of the Indian Rupee (INR) against Sterling (GBP) at the end of the interim period (with a GBP:INR rate of 94.21 as at 30 September 2018 against 90.81 in March 2018 and 87.44 in September 2017) are expected to impact the unaudited net asset value of the Company as at 30 September 2018. The board of IIP (the "Board") currently expects to announce an unaudited net asset value per ordinary share as at 30 September 2018 of approximately GBP0.21 (31 March 2018: GBP0.28; 30 September 2017: GBP0.35). The Board looks forward to updating shareholders on IIP's performance during the six month period ended 30 September 2018 shortly.
noirua: tidy 2, when refinancing is completed US$50 million will be paid to IIP to pay down the debt - there will be a saving in interest that is up to 12%pa. As to the cash burn, refinancing of DLI by US$75 million will be provided and that cash burn you talk about will no longer be an IIP responsibility. The bridging loan stands at US$46.4 million and Working Capital Loan at US$21.5 million - = $67.9 million.;article=78513791 The NAV at 31 March 2018 was 28p a share. Much has happened since so it is all a bit in the melting pot. The share price is 3p - 4p a share.;article=78350690
wilwak: Throughout the company history they have failed to reflect asset value in the share price. It’s always been at a large discount even when times were better before the large NAV declines and cash shortages. At 2p the shares seem staggeringly cheap but will only reward shareholders if the discount can be narrowed. For that to happen there needs to be a huge positive turnaround in the performance of the management. It’s a pity a activist value investor like LIM didn’t get involved to squeeze out the value and add positive direction.
wilwak: 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.
wilwak: Yes. Great to have a serious discussion on this share. Simply on the face of it there is strong potential. DLI is clearly a large operation now but it does seem that it’s loss making based in the rate of cash burn that IIP has been supporting. It’s difficult to gauge what level of ramp up will start generating profits. I am guessing that if DLI continues to underperform then this could be the circumstance that IIP loses its entire stake. If the share price drops again down to 1-2p I’d certainly seriously consider buying a fresh holding and probably quite a sizeable one. That’s assuming Barclays allow clients to buy IIP again! At present it is blocked. The investment by a major logistics operator is potentially a huge positive for DLI. I just hope that DLI doesn’t simply get swallowed up at the expense of existing shareholders. This funding appears very much a ‘rescue’ and usually rescues don’t come cheap for existing investors. Let’s hope this is is the start of a new dawn for IIP and DLI. Of course the original investors in IIP have been badly burned so far. They’ll be very cautious about the future.
wilwak: Exactly. The minor shareholders have no say in the company. The manager owns 75%+. The bridging loans were all from an affiliate of the manager. Since inception they have shown no interest in managing the large discount to NAV. 12 months ago investment companies were required to produce a KIID. IIP still haven’t which means most UK brokers will not now allow clients to buy shares. The present managers and directors saw over a decline in share price from issue right down to 1.8p. If you still trust and have faith in the management then fine. Have a punt. Many clearly do not.
dafad:       Upgrade Logout MonitorQuoteChartsTradesNewsFinancialsToplistsAlertsPortfolioLevel 2Free BBPBB Copyright © 2018 ADVFN plc Switch to Desktop View Infra.India Share News - IIPInfra.India Share News - IIP Current Price 5.70p -0.10p-1.72% Bid PriceOffer Price5.50p5.90pHigh PriceLow PriceOpen Price5.80p5.40p5.80pShares TradedLast TradeMarket Cap (m)541,72211:36:2838.78 Infrastructure India plc Result of EGM Intraday Infra.India Chart 24/08/2018 12:21pmUK Regulatory (RNS & others) TIDMIIP TIDMTTM RNS Number : 8505Y Infrastructure India plc 24 August 2018 24 August 2018 Infrastructure India plc ("IIP", the "Company" and together with its subsidiaries the "Group") Result of Extraordinary General Meeting Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that at its Extraordinary General Meeting held earlier today the resolution was duly passed. The passing of the resolution enables the Company to proceed towards completion of the financing as detailed in the announcement and circular to shareholders dated 31 July 2018. Further announcements will be made in due course, as appropriate. Enquiries:     Infrastructure India plc   ;          ;          ;      Sonny Lulla    Smith & Williamson Corporate Finance Limited     Nominated Adviser & Joint Broker     Azhic Basirov / Ben Jeynes                      +44 (0) 20 7131 4000    Nplus1 Singer Advisory LLP     Joint Broker     James Maxwell - Corporate Finance     James Waterlow - Investment Fund Sales      ;    +44 (0) 20 7496 3000    Novella       ;          ;          ;          ;     +44 (0) 20 3151 7008    Financial PR    Tim Robertson / Toby Andrews  This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit END ROMLLFFLTIISFIT (END) Dow Jones Newswires August 24, 2018 07:21 ET (11:21 GMT) Infra.India Share Price TodayInfra.India Share Price ChartInfra.India Share ChatInfra.India NewsInfra.India Share Price HistoryInfra.India FinancialsInfra.India TradesInfra.India Level 2Add Infra.India to WatchlistAdd Infra.India to your PortfolioInfra.India Share Price Alert Switch to Desktop View   By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions Share and Investment Glossary Investment WarningCopyright © 1999 - 2018 Cookie and Privacy Policy . ADVFN UK Investors Hub ADVFN ItalyADVFN Australia ADVFN BrazilADVFN Canada ADVFN Germany ADVFN Japan ADVFN MexicoADVFN France ADVFN US Finance Manila
kenmitch: A lot of rubbish posts here. fwiw the market will know that approval is very likely on Friday, so that should be mostly priced in now. If the vote is no the share price will crash as IIP survival would be in doubt. The price would probably fall below 2p again and maybe lower than that. There COULD be a further rally following a yes vote.(The share price has already more than tripled). And 10p plus is possible. Forecasts of immediate share price of 30p are nonsense. It's not clear what NAV is either. Last official NAV was 35p last March. It's a fun punt that could be very rewarding in time and a yes vote will greatly reduce the risk.
kenmitch: Looked at this thread to see if any useful information here. Unfortunately very little. Refinancing presumably means they should survive, but also worst case scenario would mean zero holding left in their one key asset? As for current NAV; it’s guesswork. Unless I’ve missed a later announcement the last one seems to be 35p last March. It could now be significantly lower but good chance still way above current share price. So IIP looks a fun punt with good chance of doubling and perhaps more. Conversely, though risks have reduced, and below 2p the share was telling investors this Trust is going bust, it’s not that clear they are out of the woods yet. Any news suggesting they are, along with an NAV update confirming NAV still way above current share price, would give the share a big lift. Until then it’s looking good for traders. Those of us holding until more news can expect a continuing volatile ride short term. That’s despite cudmore’s endless hyping without much evidence to back up his very confident share price forecasts.
Infra.India share price data is direct from the London Stock Exchange
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