Infrastructure India Share Discussion Threads

[noirua] 24/12/2019 13:42

Never mind, 4p is an 82% discount to NAV. Looks OK even in the very short term.

The bid price is up from 1.2p, recent low point, to 2.5p and 3.5p during the day - up 191%. The bulls were in play today and only clowns posted negative.

[74tom] 24/12/2019 13:26

Whoever paid 4p for 80k is going to regret that over Xmas - £1200 down at present.

[dave4545] 24/12/2019 12:02

Low free float so prone to spikes and can be very illiquid so at times hard to buy or sell so dyor.

GGIC IIP Holdings Limited* 512,932,021 75.40%
SC Fundamental 33,364,630 4.94%
Anuradha Holdings Private Limited 20,488,993 3.01%

[dave4545] 24/12/2019 11:50

100k seller got butchered selling at 2.6p blimey

[dave4545] 24/12/2019 11:47

3.16-3.95p spread nice and wide again

[letmepass] 24/12/2019 11:39

But he might be right for once but highly unlikely. This is India

[dave4545] 24/12/2019 11:39

Do I read the above 2 posts ?

Not sure I want to unfilter these two, cannot imagine they have bought in.

The opportunity was there for weeks at 2.2p

4p paid boom, bit of profit taking but 5p soon ??

[dave4545] 24/12/2019 11:09

Nothing offered online at 3.4p, 40k pays 3.5p

Looking good, I might slice some if it gets to 4.5-5.5p range

[dave4545] 24/12/2019 10:46

300k buy at 3p from 9.42am just showed up on Nex

They bought that when 1.5-2.5p spread

[dave4545] 24/12/2019 10:31

50k offered at 2.99p

2.66p bid, looks like a couple took profits or used the spike to sell at 2.7p

But could easily kick on

[noirua] 24/12/2019 10:06

Should rise in the usual disjointed fashion into the 4p - 8p range. Should be 12p to 14p but there you goes.

[dave4545] 24/12/2019 09:43

We might get some movement

Not even 10,000 offered now at 2.5p

[dave4545] 24/12/2019 09:39

125k buy at 2.2p on nex exchange that you fillipe ?

[fillipe] 23/12/2019 20:07

dave - thanks a lot for that info and indeed I think that answers the question.
I recollect a similar situation with MTMY, at which time I also used HL to buy the stock.

I've downloaded the iii note and will take a good look at what they have to say and thanks also for your helpful comments on that note.

f

[dave4545] 23/12/2019 12:52

There is 100 mil difference between assets and debt

But I assume debt will start to be paid down heavily next year.

So 250 mil assets v 150 mil of debt

At sub £14 mil cap, it might not trade at £100 mil cap but somewhere in between would
be fair. £50 mil cap would be around 7p, a 250% return from here.

I'm prepared to hold for the spike up to 5-8p range, it's so illiquid it should happen at some point

[dave4545] 23/12/2019 12:31

No problems with II and Hargreaves I hold 400k via both accounts fillipe

ii do provide this disclaimer when trading this so perhaps it's something to do with that.

[fillipe] 23/12/2019 12:10

I see that Barclays are not offering to trade this stock, at least online.
I have no idea why but will ask why.

I can only add from past experience, their unwillingness to deal must have had some sound reason and it did me a favour by not fulfilling those buy requests.

In one instance they would sell what they held in my client account, but not buy the same stock again.

I'll revert if I'm able to learn more.

Good wishes to all.

f

[dave4545] 19/12/2019 09:57

1.76-2.2p now

Slightly better

[noirua] 18/12/2019 23:26

It does look as if patience is needed here at IIP and not helped by having the worse MMs on AIM.

The company is quickly recovering with its NAV reversing to be sharply more positive.

The company starts off well at the beginning of 2020 and all systems go by the end of the year.

[dave4545] 18/12/2019 12:25

136k bought mm's still refusing to play at all.

Not take much more buys to get them to run for cover.

I reckon there is less than 10% free float in this stock.