Infrastructure India Share Discussion Threads

[gregpeck7] 13/8/2018 13:00

Where has cudmore scuttled to?! The next pump?!

[bbr391] 11/8/2018 22:50

A move up towards the 14p expected next spike .

Best of All

[noirua] 10/8/2018 22:22

If the £ weakens too much interest rates may have to rise. They should be about2.5% - 3% now and on a catching up basis about 4% - 5%.
Remembering the late 1970's up to the middle of the nineties we saw peak inflation at 25% and peak Bank Rate at 17.5%. Some of us will remember getting up to 10% interest on a current account and 9.5% on saving certificates. There was also a period where everyone got a pay rise every month. House prices rose one year by 26%.
There we are. We've all become a bunch of softies these days.

[cudmore] 10/8/2018 12:40

Watch when the buying volume picks up! It’s going to blow! Look how cheap tbese are FFS. Only a dummy would be out of these at the mo.

[noirua] 10/8/2018 11:35

Some larger trades coming in this morning. Signs of a new resurgence brewing. 10p looks to be the lowest price IIP should be at ranging up to 15p until more is known later in the month - watch UVEL.

[sigora] 10/8/2018 08:46

im in for more

[cudmore] 09/8/2018 19:55

Looking forward to the bounce here with further massive gains to come. Patience is a virtue!

[alotto] 09/8/2018 18:23

Thanks guys!
How would you see the share price reflecting the two scenarios, with the SH passing or not passing the proposed resolution?

[noirua] 09/8/2018 17:43

28/6/2018 - 12% Bridging Loan = US$40.4 million & 7.5% Working Capital Loan - US$21.5 million. Total = US$61.9 £48 million plus some interest.

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IIP owned 99.9% of DLI before:
*In theory the 100% value of DLI would be US$208.3 million based on 24% sold for US$50 million. But only on the basis of value without the $75 million pumped into DLI. So the value of DLI is really 4.16 x $50m + $75m = US$283 million. This is about the same valuation as on 28 September 2017.

DLI Distribution Logics Infrastructure PL was valued at £218.3 million US$280 million on 30 September 2017. Project debt outstanding was £80.8 million US$103 million on 31 March 2017.

*First off IIP's interest will reduce to 76%.

20% to 49% interest looks fairly likely in 2021. Providing IIP keep at least 20%. The cash injected will also increase the value of DLI by US$75 million - all things being equal of course. So 20% would be worth US$56.6 million and 49% worth $138.6 million.

So IIP get US$50 million plus *US$56million to *US$138 million. The direct value to IIP is US$106 million £83 million to US$188 million £146 million. The debt concern is now removed.
* Estimated value of interest left to IIP in 2021.

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In addition, the Directors of IIP confirm that they have received an irrevocable undertaking to vote in favour of the Resolution from GGIC IIP Holdings, Ltd. in respect of 175,324,980 Ordinary Shares, representing 25.77 per cent. of the Company's issued ordinary share capital.

The EGM is being convened for 11.00 a.m. on 24 August 2018 at IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP.

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Other assets:

Shree Maheshwar Hydel Power Group - 35.4%

Value of interest = £8.4 million
Project debt outstanding was £320 million on 31 March 2017.

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Indian Energy Limited - 100%

Value of interest = £9.9 million on 30/9/2017
Project debt outstanding was £10 million on 31 March 2017.

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Indian Hydropower Development Company - 50%

Value of interest = £24.8 million on 30/9/2017.
Project debt outstanding was £10.9 million on 31 March 2017.


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So DLI is worth £83 million to £146 million to IIP in June 2018. Other assets are worth about £47 million as of 30 September 2017. So value is £130 million to £193 million.

Finally, the average value is £161 million minus debt of £48 million = £113 million. Company assets and cash should be added to this figure.

[cudmore] 09/8/2018 15:53

All eyes on AST at the mo so great chance to get in on this dip!

[alotto] 09/8/2018 14:59

Thanks B1. Maybe I am being too detailed now :) do you know what's in the agenda for the egm?

[noirua] 09/8/2018 14:53

Hesitation at the moment though a price of 15p is at a discount of 57% to the September 2017 NAV.

[noirua] 09/8/2018 14:21

Some buys at 5.2p to 5.3p as MMs suddenly narrow the spread - well done them. Hopefully we are off again now...

[alotto] 09/8/2018 14:19

Are any news due in the coming weeks? I don't have visibility of the financial calendar or planned announcements.