Infrastructure India Share Discussion Threads

[wilwak] 15/10/2018 16:28

You’d think that the company would be pushing to get the KIID recognised by brokers.

I informed them a long time back that Barclays wouldn’t allow purchases and they said they were working on it.

If the shares really are at such a massive discount then the company itself should be buying back shares even by using borrowings. If they are at a 96% discount then share buybacks would generate a 25x return on cost for the benefit of shareholders.

The lack of director and company buying is puzzling.

The new investor would be better off buying IIP shares than investing as documented!!

[noirua] 15/10/2018 10:37

At the moment none of my brokers allow me to buy shares in IIP as they insist there is no KIDD provided. The fact there is proof one is available and has been presented to them, they still say it must be provided through their usual source. This leads to one way trading as all the brokers allow shares to be sold.

The shares trade at a 96% discount to asset value. It is true the asset value remains uncertain until all matters concerning refinancing have been satisfied.

[wilwak] 14/10/2018 09:49

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 15:16

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 17:44

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 09:33

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 09:22

Does the build TOILETS in INDIA ????

INDIA needs more TOILETS.

[noirua] 06/10/2018 14:28

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 13:57

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 13:25

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

[noirua] 02/10/2018 12:15

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 15:14

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 11:32

Annual Report to 31 March 2018

[noirua] 27/9/2018 15:12

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

[noirua] 27/9/2018 12:34

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 22:23

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

[noirua] 26/9/2018 16:19

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 12:00

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 09:59

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 18:09

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 17:50

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.