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Share Name Share Symbol Market Type Share ISIN Share Description
International Public Partnerships Ld LSE:INPP London Ordinary Share GB00B188SR50 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 0.24% 169.00 1,872,927 16:16:27
Bid Price Offer Price High Price Low Price Open Price
168.80 169.20 169.40 168.40 169.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 81.93 129.17 7.78 21.7 3,228
Last Trade Time Trade Type Trade Size Trade Price Currency
17:48:57 O 1,440 169.00 GBX

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Date Time Title Posts
27/6/202215:07International Public PaI is a solid yield play built on global infrastructure172

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International Public Par... Daily Update: International Public Partnerships Ld is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker INPP. The last closing price for International Public Par... was 168.60p.
International Public Partnerships Ld has a 4 week average price of 161p and a 12 week average price of 158.60p.
The 1 year high share price is 175.20p while the 1 year low share price is currently 150.80p.
There are currently 1,909,865,336 shares in issue and the average daily traded volume is 2,149,410 shares. The market capitalisation of International Public Partnerships Ld is £3,227,672,417.84.
riverman77: Has to be a risk that Labour gets back into power in a couple of years. Then all the talk about these contracts getting ripped up could start again (as happened in 2019 when a Corbyn government looked an outside possibility). For that reason alone I have avoided this share - perhaps being too cautious.
rik shaw: hTtps:// The Initial Issue was oversubscribed several times over, with support from both new and existing investors. In light of this significant demand the Board has elected to increase the size of the Initial Issue from the initial target amount of GBP250 million to the maximum New Shares available under the Initial Issue, raising gross proceeds of GBP325 million. Notwithstanding this the demand was such that investors not benefiting from pre-emptive rights have been scaled back
bountyhunter: Positive price action this afternoon, possibly the offer has been oversubscribed in a similar way to the recent SUPR placing where the price action just before the outcome was announced was similar. ... especially as Hicl has remained pretty flat all day.
williamcooper104: Also mature, close to end of life PFI projects have large debt amortisation payments that reduce the dividend cash cover but don't effect real dividend coverage So HICLs divi coverage is (from memory/last I looked at) not much different from INPP Main difference with HICL is that they have moved into more demand type assets - eg toll roads - which are about 20 percent of their assets - these have more sensitivity to the economic cycle, but benefit from higher returns
pyufak: This is a repost of my comments / thinking on another site. I decided to buy this week just above 160 as I didn’t want to take allocation risk. Hoping for a strong result announced tomorrow. Previous post: INPP is raising funds at 159.5p - closes EoD 27th April; results 29th April. After watching HICL and this name for a while I decided to take the plunge today and bought as part of my income holdings. Here’s a few points why; I would be interested if others have any views on this name they wished to share. hxxps://www.internationalpublicpartners ... aft_vf.pdf 1. Slide 5 & 7: Dividend is x1.1 covered; expected to grow at ~2.5% for both ‘22 and ‘23. This is better than HICL which is uncovered and static projection at the moment. 2. Slide 30 - discount trends - while discount rates have dropped by ~1% over the past decade, 30y interest rates (which I think is the appropriate metric given the asset base and matched fixed rate financing) have dropped substantially more. As such the relative constitution of the discount rate is a higher credit proportion vs. interest rate throughout the past decade. Therefore arguably as interest rates rise the existing discount rate has room to rebalance to a more historical mix of interest rate + credit proportions rather than head materially higher outright. 3. Slide 31, 32 & 33 - the key slides which got me across the line to buy the dip caused by this fund raising. This looks at the impact of inflation on their portfolio. Frankly their assumptions are way off what we look set to experience in ‘22 and ‘23. They assume central banks hit their long run inflation targets (2.5% in U.K. - their most important geography. That’s a fair enough assumption but what interests me is the portfolio impact of higher inflation when inflation overshoots - +1.8p if 200bp above (so 4.5%). Given it looks like the U.K. may have ‘22 inflation closer to 8 or 9% this could add almost 5.4p to the NAV; and more the longer inflation persists. Putting this together I like the balance the investment brings - in that the portfolio appears to have a degree of inflation protection should higher inflation become entrenched or persistent. Conversely, if central banks react significantly on short term interest rates to bring inflation back to target I would argue 30y discount rates will be unchanged as if anything this would strengthen their inflation taming credibility.
bountyhunter: True enough, I leave it until fairly close to the bell as well as you can't get your money back if you apply too soon and the price subsequently drops below the offer price. I expect to get all of these as likely to be less popular than SUPR.
ec2: I will leave this right down to the wire before I make my final decision. Following the HICL price very closely as IMO this gives a cleaner indication of how INPP would be performing if there was no offer taking place.
emptyglass: Yes this appears open to all investors so includes retail : ".... existing Shareholders are entitled to subscribe for New Shares pro rata to their holdings of Existing Ordinary Shares on the basis of 1 New Share for every 12 Existing Ordinary Shares held ...."
rik shaw: Fund raising htTps://
rik shaw: Annual results and dividend declaration; hTtps:// hTtps:// 2023 target dividend of 7.93p
International Public Par... share price data is direct from the London Stock Exchange
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