Not a great week here re the share price but I'm quite pleased as I'm looking to buy a few more of these once we get into the new ISA season. The dividend yield is getting close to 7.5%, which will do nicely.Did I miss anything? |
Nice Director buy. |
Could be I thought Tideway was bankruptcy remote from Thames |
Maybe its Tames water in financial trouble and knock on for Tideway. |
Weird BBGI and HICL up today and doesn't seem to be any news specific to INPP |
Brought back in on todays fall. Feeling pessimistic, cant see how economies will survive these long end rate & credit risk rises, seems as good as any place to hide while the economic slowdown plays out |
Topped up on HICL this morning and took a first helping of INPP - the move to quarterly dividends made all the difference. |
Steady results.
Like them going over to a quarterly dividend. |
and 3 months before payment ??!!!
disgusting |
And is they reinvest then the NAV won't be lower |
The NAV would be lower if they returned the capital from maturing projects but then you'd still get the market implied discount rate (being the discount rate used in the valuations adjusted for the management fees and the discount to NAV the shares are trading at) that's about 8% (from memory, haven't looked at my spreadsheet) However that's unlikely to happen as return of capital is going to reduce management fees So the one to watch is where they reinvest - that's not worked out that well for HICL |
"...even if no further investments are made, the Company expect to be able to continue to meet its existing progressive dividend policy for at least the next 20 years."
Williamcooper104,
If that was the case, I wonder what the nav would be after twenty years? (substantially lower?) |
Indeed Like BBGI another set of wonderfully boring results I've much less of a position in HICL as they started to become more interesting with water companies and demand assets |
The bit i liked.
The Company reconfirms that the projected investment receipts from the Company's investment portfolio as at 30 June 2024 are such that even if no further investments are made, the Company expect to be able to continue to meet its existing progressive dividend policyiv for at least the next 20 years. |
I'm liking the quarterly dividends. Good solid results with extra buybacks announced. |
2024 first half year dividend of 4.18 pence per share
Ex-dividend date: 12 September 2024 Payment date: 19 December 2024
Increase in dividend frequency
The Board is pleased to announce that, commencing in 2025, the Company intends to increase the frequency of its dividend payments, from semi-annually to quarterly. The second and final dividend in respect of 2024 is anticipated to be announced in March 2025 and paid in June 2025. This will be the final dividend paid on a six-monthly basis. Following this, dividends will be paid quarterly, commencing with the first of four interim dividends for the financial year 2025 in September 2025 |
 accentuating the negative...from today's portfolio update:
As with the wider investment company peer group, the Company's NAV per share is subject to changes in the external macroeconomic environment, including inflation rates, government bond yields and foreign exchange rates. Taken together, and other things being equal, these factors are currently expected to have a modest negative impact on the Company's last published NAV:
o Inflation rates have fallen faster in the majority of the jurisdictions the Company is invested in over the first half of the year, compared to previously published forecasts. Given the portfolio's positive inflation linkage, a reduction in forecast inflation rates (other things being equal) will have a negative impact on the Company's NAV.
o Yields on the government bonds issued by the countries in which the Company is invested are, on average, broadly in line with the levels seen at 31 December 2023. The discount rates that will be adopted as part of the 30 June 2024 valuation will be determined by taking into account, among other things, the underlying government bond yields, operational performance of the investments and prevailing market conditions.
o Since 31 December 2023, the Company has observed a strengthening of Sterling against the majority of the currencies it is exposed to, including the Australian Dollar, Canadian Dollar, Danish Krone, and Euro, with the only exception being the US Dollar. In isolation, this would have a minor negative impact on the Company's NAV. |
No excuse really, happens all the time with HL these days. |
Strangely not in at A J Bell yet and they're usually on the ball. Certainly a divi from MUT came in on time this morning. |
Increasingly the case. |
Yes ii was in before 7am today yet no sign yet with HL. It's my money and I wanted to reinvest it this afternoon. |
There are others and in particular HICL is near identical in structure and dividend yield. You do have to pay stamp duty on HICL but I think at todays price if you can find money from other sectors (not INPP obviously)then I think its a good investment and adds diversification. I can only see HICL and INPP falling if central banks raise rates but they would only do that to induce a recession and banking crisis and in that situation money would run to gold and into this sector. |
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