Infrastructure India Share Discussion Threads

[dafad] 19/10/2018 10:26

anyone able to tell me what kidd is.tried to sell on iii but wont allow it due to kidd.glad i wasn't able to now!!

[noirua] 19/10/2018 09:48

Hmmmmmmm - Where are all the detractors or were they just the usual trolls?

[noirua] 18/10/2018 22:10

Seems to be getting there quite steadily.

Working Capital Loan Extension

The Working Capital Loan was originally provided to the Company in April 2013 by GGIC in an amount of US$17 million in April 2013 and increased to US$21.5 million in September 2017.

The Working Capital Loan currently carries an interest rate of 7.5% per annum on its fully drawn down US$21.5 million principal and had been due for repayment by the Company on 18 October 2018.

Pursuant to the Working Capital Loan Extension, the Company and GGIC have agreed to extend the maturity of the Working Capital Loan such that the Working Capital Loan will mature on 18 November 2018. The other terms of the Working Capital Loan will remain unchanged.


Bridging Loan Extension

The Bridging Loan was originally provided to the Company in June 2017 by Cedar Valley in an amount of US$8.0 million and was subsequently increased in multiple tranches, most recently to US$45.4 million in September 2018.

The Bridging Loan currently carries an interest rate of 12.0% per annum on its fully drawn US$45.4 million principal and had been due for repayment by the Company on the earlier of: (i) 15 days following the completion of the Proposed Financing; or (ii) 18 October 2018.

Pursuant to the Bridging Loan Extension, the Company and Cedar Valley have agreed to extend the maturity of the Bridging Loan such that the Bridging Loan will mature on the earlier of: (i) 15 days following the completion of the Proposed Financing; or (ii) 18 November 2018. The other terms of the Bridging Loan will remain unchanged.

[noirua] 18/10/2018 14:02

The present share price at 2.4p is at a discount of 94.2% to the NAV of 28p. Shares are up from a low point of 1.85p by 29.7%. Due to the wide market spread figures can be misleading. Also a refinancing has not crossed the final hurdle.

[noirua] 18/10/2018 13:46

Percentage of shares not in public hands (as at 9 October 2018) – 75.76%
The Interim Results should be out around 13 December.

Net Asset Value decreased to £188.8 million (£0.28 per share) as at 31 March 2018...
A positive impact of period roll-over has been offset by depreciation of the Indian Rupee against Sterling,the increase in the risk free rate, and revised business assumptions. It is anticipated that post completion of the Proposed Financing, IIP’s reduced stake in DLI will be worth between approximately £80 million and 110 million.

[wilwak] 17/10/2018 14:21

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.

[noirua] 17/10/2018 10:35

It's all about value at the present price. The fall is as ridiculous as that of OM Holdings in Australia: Fell from $1.25 to 10c a share - yes, now at $1.68. A fair price is in the range 15p to 22p a share.

[74tom] 17/10/2018 08:48

Don’t know why anyone would touch this! 35% spread and a history of pump and dump - this should be delisted and put out of its misery.

[noirua] 16/10/2018 18:25

Two large trades shown 2,648,823 at 2p and 2,500,000 at 2p
Look like broker in-house trades reported to market late.

[euclid5] 16/10/2018 09:46

spreadex allows plus HL

[noirua] 16/10/2018 09:44

It is all about the here and now. No point looking for blame and if like me you're well down on IIP blame yourself, I do. If you can find a broker who will let you buy shares then lucky you.

[hvs] 15/10/2018 17:32

Did no one flush the toilet then ???

INDIA needs more TOILETS

[wilwak] 15/10/2018 17:28

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 11:37

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.