Infrastructure India Share Discussion Threads

[dave4545] 09/10/2020 15:44

Even better today.

2.5p paid on Nex exchange when 2.2p offer and nothing offered online atm at 2.3p

mm's need some selling, could be heading for 3p at this rate

[dave4545] 08/10/2020 08:28

Never much stock around after a few buys.

N/T to buy at 1.95p on a wide 1.6-1.95p spread.

Most of the get rich quick herd to played the other week have sold out for a loss,
hopefully they will not return along with that parasite toptradersadvfn and his 2 x 50k for a quick £100...

[dave4545] 06/10/2020 17:30

Added some more today and some at 1.62p

Good price, will double my money on them at some point, perhaps triple or more.

Nearly every buyer after the update has sold again, stupid day traders that follow
pump and dump accounts on twitter. They will go bankrupt from lack of patience

[aberloon2] 30/9/2020 15:33

Off it pops again...

[dave4545] 30/9/2020 13:57

It's just a case of patience. I've sold some huge winners too early of late. Gwmo was my latest. That 4 -5 bagged from the low.

Yes we are all aware of the debt but that update was way better than I thought so I feel a re-rating is on the cards.

Somewhere between 2p and the Nav of 19p..say 6-8p target with a big slice at 3.5-4p to bank the free ride.

[aberloon2] 30/9/2020 13:52

Holding to see where this goes, they wouldn't tell porkies in an RNS would they?

[tomboyb] 30/9/2020 13:31

Good luck Dave -

I've a holding from yesterday -

[tez123] 29/9/2020 16:06

Some decent buying today.

[dave4545] 29/9/2020 15:24

I was already holding from 0.9p when the RNS came out. Saw it was great and tried to buy whatever size I could starting at 500k. Finally got a quote at 1.2p for 150k so took 2 lots. Going to double my money on those methinks. It's a tricky one to trade and it does spike but also not get close to NAV. The last spike I think it went from 1.5p and hit 5p. I might slice a few if it gets close to 3p and ride some more

[tidy 2] 29/9/2020 14:41

74m debt guys

[tomboyb] 29/9/2020 14:37

If this falls back a bit i may take a bite -

[tomboyb] 29/9/2020 14:25

Subject to audit, the board of IIP (the "Board") is currently expecting to announce IIP net asset value per ordinary share of approximately GBP0.19 as at 31 March 2020 and gross Group cash resources as at the same date of GBP38.3 million.

[tomboyb] 29/9/2020 14:22

TIDMIIP TIDMTTM

RNS Number : 4756A

Infrastructure India plc

29 September 2020

29 September 2020

Infrastructure India plc

("IIP", the "Company and together with its subsidiaries the "Group")

Notice of Results

Pre-close Statement

Infrastructure India plc, the infrastructure fund investing directly into assets in India, provides the following update ahead of release of the Company's final results for the year ended 31 March 2020 in October 2020.

Subject to audit, the board of IIP (the "Board") is currently expecting to announce IIP net asset value per ordinary share of approximately GBP0.19 as at 31 March 2020 and gross Group cash resources as at the same date of GBP38.3 million.

Movement in the value of the Company's investments as at 31 March 2020 has been driven by favourable changes in the Indian tax regime and a decrease in the yield of benchmark Indian government 10-year bonds, which serves as the risk-free rate in asset valuations. These positive valuation impacts were offset by a weakening of the Indian Rupee against Sterling towards the end of the period and by revisions, as a result of the impact of COVID-19, to business assumptions and completion schedules on both construction and operations at IIP's largest asset, Distribution Logistics Infrastructure Limited ("DLI"). Net asset value as at 31 March 2020 will also reflect the accrual of interest on the Company's debt facilities.

Further to the Company's announcement of 17 August 2020, the impact of COVID-19 is continuing to depress Indian markets. Against this backdrop, DLI is making modest progress, with the Private Freight Terminal at DLI's Bangalore facility receiving regulatory approval to commence operations. The timing of these operations is now dependent on when customers are able to complete site inspections and further approvals are required for export-import operations at the site. Works at DLI's Palwal and Chennai terminals remain on hold due to local restrictions while the Nagpur terminal has continued to operate throughout the period, including lockdown. The logistics sector remains very competitive for freight transport, and low volumes will likely persist into 2021 while imports remain static. IIP's small hydro and wind assets are performing as expected in the current climate, with power demand from state offtakers resilient and commercial customers showing gradual recovery in line with industrial activity.

The Board looks forward to updating shareholders next month with the release of IIP's final results for the year ended 31 March 2020.

Enquiries:

[dave4545] 19/8/2020 14:25

Better than I thought so I've been nibbling a few.

Every now and again it spikes and gets chased so will wait patiently for that moment again.

[dave4545] 19/6/2020 11:48

Cannot see it being great. India in a mess.

This company has tons of debt so needed all business flowing to generate cash to pay it down.

Small punts only.

[af004] 19/6/2020 11:45

When will we get any news here?

[jonnynixon] 23/4/2020 04:52

Bad timing for the company...new logistics distribution centre at the port opened to be shut down for pandemic. Be interesting to hear what if any logistics are still operational. Would be nice to see this rise through double figures

[dave4545] 20/4/2020 22:46

Good to see life in this one today started by a crazy person buying 250k at 1.8p when the spread was 0.9-1.4p...