Infrastructure India Share Discussion Threads

[noirua] 09/8/2018 10:22

-- Weakening of the Indian Rupee against Sterling and delays to the completion schedules at Distribution Logistics Infrastructure Limited ("DLI") were the principal drivers in the reduction of net asset value.

This has to be a good plus factor the improving value of the rupee, and all those US$s increasing in value against sterling augers well for IIP.

[noirua] 09/8/2018 00:52

Cudmore et al, this share trades differently to any other I've followed. The MMs are not keen to hold any stock or to go short. The spread has narrowed but most of the time is still too wide.

The MMs are a bit like a shop that only sells one item at a time and restocks every time one is sold.

Anyway, the NAV is probably still in the 30p - 40p range due to the weak pound, long may it be plundered. The recent deal adds confidence and even at a 50% discount to 30p NAV we come up with 15p a share. At 6p it's at an 80% discount.

So those who see a 15p target are thinking well within the sensible range.

Worth holding I think.

[cudmore] 08/8/2018 15:42

Not many sellers about.....mm’s will have to raise the bid to get anything. A holdings RNS will wake people up!!

[noirua] 08/8/2018 12:33

Looking poised are IIP - UVEL continued interest, results out next week.

[cudmore] 08/8/2018 12:29

Expecting an RNS regarding Director buying......again! Get in before it comes as you won’t be able to buy.....trust me! 10p by the weekend coming here. Do the maths!

[noirua] 08/8/2018 11:57

The continuing weakness in sterling is increasing the NAV for IIP. Needs looking at but those large sums in the RNS in dollars convert increasingly higher in £s.

[noirua] 08/8/2018 11:49

The chart in the header shows a very common pull-back before going into the second leg up. Varies a lot by amount versus percentages indicating 11p to 20p as a range.

The £ is still falling back and that increases the NAV in sterling terms. Maybe those $s mentioned in the recent RNS are also increasing in IIP's favour.

[sigora] 08/8/2018 11:02

looking good for afternoon surge here

[noirua] 08/8/2018 11:00

THE FACTS, rather than opinions:


The Proposed Financing will see:

-- the issue by Distribution and Logistics Infrastructure India ("DLII"), DLI's parent company, of up to 7,500 convertible preference shares in DLII's capital (the "DLII CPS") for an aggregate consideration of up to US$75 million; and


-- the sale by the Group of existing ordinary shares in DLII representing 24% of DLII's issued ordinary share capital ("Sale Shares") currently held by the Group for a consideration of US$50 million.


IIP is currently interested in 100% of the share capital of DLI. Following the disposal of the Sale Shares, IIP's interest in DLI will be reduced to 76%.

On conversion of the DLII CPS, which will take place based upon an enterprise valuation of DLI at 7.5x EBITDA for the 12 months ending 30 June 2021, IIP's interest in DLI will be reduced to a minimum of 20% and a maximum of 49%.

However, shareholders should note that on conversion of the DLII CPS following of the occurrence of a default under any of the Transaction Documents, IIP's interest in DLI could be reduced to zero.

[bob1995] 08/8/2018 11:00

Looking strong for a new bounce. Bid increasing on no volume

[kenmitch] 08/8/2018 10:37

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.

[cudmore] 08/8/2018 10:25

Amrish

Holding since 1.6 so if so i’d be out by now matey! At least another 150-200% rise coming here.

[noirua] 08/8/2018 10:23

Buy price 6.1p or T20 wanting 6.529p - interesting...

[amrishbhim] 08/8/2018 08:41

You are one of the army cudmore

[cudmore] 08/8/2018 08:28

Moves on such small volume. Think the FARN crowd would do themselves a favour getting on board to reap the rewards coming

[cudmore] 08/8/2018 08:24

The wise ones will pile in here today. The figures speak for themselves. 30p is still where these should be. 6p???? 😂😂😂

[sigora] 08/8/2018 08:20

104 k buy printed on nex exchange just now

[cudmore] 08/8/2018 08:04

Hopefully the P&D army have moved on to FARN and we’ll see some proper investors jumping in here today. 10p next stop!