Infrastructure India Share Discussion Threads

[noirua] 12/12/2019 13:53

"Following the agreement of a new US$105 million debt facility in April 2019, this has been a period of investment for the Company with DLI now able to commission, ramp up and complete all of its existing terminal facilities.

The market environment in India softened in the second half of 2019 and the government is responding by providing tax and monetary initiatives to generate further growth in 2020 from which DLI, in particular, is increasingly well placed to benefit."

[tomboyb] 12/12/2019 13:37

ZBO is busted flush but you never know on AIM -

Casino at best -

[dave4545] 12/12/2019 13:25

Shall we go for a third arab..say 5-7p range, nothing trades at Nav but the discount here is mental. So another 100% from here, and then the nutters pile in to.

Look at Zbo earlier, its a crazy day

[arab3] 12/12/2019 13:24

So what is a fair price Dave?

[dave4545] 12/12/2019 13:05

2.11-2.7p spread

Last trade a 22k buy on nex at 2.7p

[tomboyb] 12/12/2019 13:01

iip has always had a big spread -

NAV is significantly below at the moment and has been -

Interims however better than expected -

[tez123] 12/12/2019 12:58

That's a killer spread.

[dave4545] 12/12/2019 12:58

Lets hope the fast buck accounts do not get shook out before it's actually took off

[tomboyb] 12/12/2019 12:45

Yep -

Interims were better than expected -

Last run up was just below 5p -

[dave4545] 12/12/2019 12:44

Impossible to buy unless 30,000 NMS

2.7p paid a massive premium

[tomboyb] 12/12/2019 12:29

Breaking away -

[tomboyb] 12/12/2019 12:11

Could be in for another run -

[noirua] 12/12/2019 11:20

1 December 2019

[noirua] 12/12/2019 11:17

ii and Barclays, as far as I know, still do not allow buying of IIP shares as most other brokers do. Unfortunately they are refusing to acknowledge they are wrong and brokers like HL are correct. This leads to a disjointed market and at best very annoying for some and may lead to a false market place at times.

[noirua] 12/12/2019 10:16

Stream of buys this morning and MMs appear to be virtually ignoring this so far. Added some more though average price bought at is 2.3p after averaging down over time, so a fair way to go yet.

[noirua] 12/12/2019 09:51

NAV this morning at an unexpected high point of 22p a share.

Price is 1.1p - 1.8p, surely not a discount near 95%?

Should trade between 12p and 16p IMHO.

[solisla] 02/12/2019 16:35

Should see some movement soon following recent news:

hxxps://timesofindia.indiatimes.com/business/india-business/government-to-spend-rs-100-lakh-crore-on-infrastructure-projects-nirmala-sitharaman/articleshow/72314016.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email

[noirua] 28/9/2019 20:13

The present middle price is 1.65p, 1.3p - 2p. A discount of 93% to the NAV on 31 March 2019.
The concerning factors are the high 15% interest rate on the US$ designated loans that are coming close to being drawn down and the high management fees charged on some assets.
Upbeat is the increased market share of DLI at 40%. Additional freight movements.

An investor's personal call as to whether the big discount to NAV is justified after due consideration is given to the year on year fall.

The large market spread is of concern at present and ii and Barclays still not allowing buy trading.

[whatyouseeisallthereis] 27/9/2019 13:20

And on the other hand:

The Directors have extensive experience in infrastructure fund management and a strong track record of value creation.

Net Asset Value decreased to £106.0 million as at 31 March 2019 (£145.3 million 30 September 2018; £188.8 million 31 March 2018).

...we appointed an independent auditor's expert in India to appraise the valuations provided by management. Owing to a limitation in scope they have been unable to opine to us that the valuations of two of the four portfolio companies, being India Hydropower Development Co. LLC ("IHDC") and Shree Maheshwar Hydel Power Corporation Limited ("SMHPCL"), are fairly stated in all material respects.

Franklin Park Management LLC ("FPM") is beneficially owned by certain Directors of the Company, namely Messrs Tribone, Lulla and Venerus, and receives fees in its capacity as Asset Manager as described in note 7. As detailed in note 7, fees payable to FPM in respect of management services for the year ending 31 March 2019 amounted to £5,531,000 (31 March 2018: £5,536,000).

[noirua] 27/9/2019 07:57

-- NAV per share was GBP0.16 as at 31 March 2019 (GBP0.21 30 September 2018; GBP0.28 31 March 2018).

During the year, DLI's terminal at Nagpur continued to increase its market share to over 40% of the local export-import market.

The terminal has registered almost all shipping lines and has been able to secure additional freight movement by rail which was previously moved by road.

Growth during the year was held back in bulk cargo, auto logistics and warehousing due to the inability of DLI to complete Phase 2 of construction works at Nagpur, but this work is now underway, funded from the proceeds of the Financing drawn down to date.

In the logistics sector, increased containerisation of cargo has led to a sharp rise in container traffic growth. This growth has highlighted the importance of inland container terminals in the export-import value chain. Inland terminals with rail connectivity, such as those of DLI, play an important role in decongesting container traffic at ports thereby enhancing supply chain efficiency. They also cater to significant hinterland cargo traffic.

[noirua] 25/9/2019 22:48

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 largest privately-owned logistics businesses in India.

The funds drawn down will be utilised primarily to progress construction at Distribution Logistics Infrastructure Private Limited's ("DLI") terminals and to meet ongoing DLI debt service and operational overheads. Construction at each of the four terminals continues largely on schedule and within budget.

[noirua] 25/9/2019 22:05

RNS out at about 5pm after the market close.

[metaman] 19/9/2019 18:02

Rupee has depreciated by at least 5% in last months against £.

GDP growth in India is slowing.

Expect Rupee to Implode soon past 100.