Infrastructure India Share Discussion Threads

[noirua] 21/9/2018 12:03

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.

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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.

[kenmitch] 21/9/2018 10:48

NAV is a lot less than 28p once allowing for dilution and further fall in the rupee, but is probably north of 10p. Results have clarified a few issues and if funding for DLI works then chance the worst is over. No reason for share to rocket, but there could be very useful upside from current depressed 3p. Guessing realistic NAV is around 12p then 8p share price would still mean share at a 30%+ discount. Worth a punt? I hold a few.

[takethat] 21/9/2018 08:42

Not good those interims.Could be suspension and then administration to follow

[noirua] 19/9/2018 20:36

I get the feeling that IIP are not really unhappy about the sale of Indian Energy falling through. They could issue court proceedings to enforce the agreement but do not appear to be doing so. The DLI agreement brings in US$50 million to cover the US$43.5 million bridging loan and worries about DLI financing should disappear.

It will take awhile for matters to settle down and be settled. Meanwhile my guess is sitting quietly and patiently is the best option.

[wilwak] 18/9/2018 18:01

It’s interesting that last year end IIP was carrying Indian Energy on its balance sheet at a valuation of £10.9m. The sale they agreed that has now failed was at a value of just £4m. 35% of the carrying value.

DLI was being carried at £246m.

[noirua] 18/9/2018 14:01

Quite a lot more anns should be out fairly soon. Should get matters back together again fairly soon.

[honour among thieves] 17/9/2018 18:11

Cudmore

are you moneymunch the scammer?

[cudmore] 17/9/2018 16:10

Someone clearly is stocking these up despite today’s drop. Was able to sell all day yet last week couldn’t. Mm’s games no doubt.

[wilwak] 17/9/2018 16:09

Barclays allow sales of non KIID shares but not purchases.

They clearly haven’t found the IIP KIID yet!

[noirua] 17/9/2018 14:56

ii and Barclays wont buy shares they say: We are unable to trade this security as there is no KID/KIID document available. ii do strangely allow them to be sold.

I thought a KID was available for IIP. Maybe this is out of date:

[wilwak] 17/9/2018 14:26

I can’t buy IIP through Barclays Stockbrokers so I ‘invested̵7; via an IG Index spreadbet instead. Tax free!

[warmsun] 17/9/2018 14:11

My broker managed to get me 50k a little above the Offer....not showing though!

[cudmore] 17/9/2018 13:25

Offering 2.69 to buy my shares back. Clearly orders being filled here. Great top up if you can get any.

[cudmore] 17/9/2018 12:39

Obviously orders still being filled here. Market manipulation yet again.

[cudmore] 17/9/2018 12:38

They still want to buy mine!!

[warmsun] 17/9/2018 12:21

Have just tried to buy 50k and was quoted 3.5p also!!!!