ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

JLEN Jlen Environmental Assets Group Limited

92.10
-0.60 (-0.65%)
Last Updated: 09:02:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jlen Environmental Assets Group Limited LSE:JLEN London Ordinary Share GG00BJL5FH87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.60 -0.65% 92.10 91.80 92.70 92.40 92.10 92.40 53,852 09:02:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 108.45M 98.3M 0.1486 6.20 609.27M
Jlen Environmental Assets Group Limited is listed in the Investment Advice sector of the London Stock Exchange with ticker JLEN. The last closing price for Jlen Environmental Assets was 92.70p. Over the last year, Jlen Environmental Assets shares have traded in a share price range of 83.80p to 122.00p.

Jlen Environmental Assets currently has 661,531,229 shares in issue. The market capitalisation of Jlen Environmental Assets is £609.27 million. Jlen Environmental Assets has a price to earnings ratio (PE ratio) of 6.20.

Jlen Environmental Assets Share Discussion Threads

Showing 26 to 49 of 700 messages
Chat Pages: Latest  4  3  2  1
DateSubjectAuthorDiscuss
09/9/2017
08:40
A000 - 'independent' is correct, independent would not be.
From the end-page:

Marten & Co (which is authorised and regulated by the Financial Conduct Authority) was paid to prepare this note on John Laing Environmental Assets Group.

Sponsored research (such as this, Edison, EqDev, etc.) is, of course, prepared with the cooperation of company management. If you think it's a good company anyway, you'll find a lot of extra information in a note such as this, with fairly honest pointers to any downside. However, some rubbish companies pay to promote themselves (beware of Edison in this regard). In fairness, Edison does cease coverage of companies once it can't stretch credibility any further!

jonwig
08/9/2017
11:16
Interesting RNS from JLEN today which points to an 'independent' report on JLEN.

Can be found here

This covers how green subsidies work, effects of various variables and compares the six listed Green Infrastructure funds - I found it very informative and well worth the read.

a0002577
17/8/2017
08:16
Sold the last of mine today. Plenty of good reasons to own JLEN - index-linked yield, hugely cheap compared to Linkers, relatively "safe" renewables.

8p NAV premium could get larger (look at eg infrastructure plays). But it could also get smaller, & I'm not comfortable holding things at a premium in current market.

Good luck holders - may be back in at a future placing.

spectoacc
07/7/2017
21:24
40m deal done at 103 - so watch steady rise back to 110 and market price was just below 105 for those that got in.
pjw956
03/7/2017
20:58
if quick you may pick up sub 105 before 2pm thursday
pjw956
15/6/2017
21:40
so , if thinking of buying - wait till near 6th july when market price will be circa nav ie 100p
pjw956
15/6/2017
10:42
NAV performance to date:

100.1p as at 31/3/17
100.0p as at 31/12/16
98.3p as at 30/9/16
97.1p as at 30/6/16
96.7p as at 31/3/16
95.9p as at 31/12/15
101.2p as at 30/9/15
101.2p as at 31/3/15
98.0p at IPO (Mar 2014)

speedsgh
15/6/2017
09:38
A000 ... the placing is non-preemptive, and done through a bookbuilding programme with indicative bids. In other words, the company doesn't set the price. Unless you want about a million shares, they won't entertain you!

There is a limit to the number of shares they can issue this way in any given year - maybe 15%. Above that they will do an open offer, or similar.

jonwig
15/6/2017
09:20
It does seem that they could do the placing at a bit higher price when the shares are trading well above NAV. Also quite difficult to get a place in the placing when shares are in ISAs or SIPPs or other nominee accounts. However, having bought back in at a lowish price I am still a happy bunny with this one. Also sold out of BSIF and half out of TRIG.
a0002577
15/6/2017
08:35
Spec/jonwig - thanks for the comments guys
rat attack
15/6/2017
08:25
rat - Spec's comment is correct. Just about all infra funds have the same policy. And by observing the demand for new shares, current shareholders also get a picture of how the market rates the company.
jonwig
15/6/2017
07:43
They were authorised by shareholders to raise up to £150m, this is just another tranche of that. They'll presumably raise it at above NAV again so (technically) isn't dilutory.

Whether you feel comfortable holding at a premium is another matter - c.100p NAV to c.110p share price.

New acquisitions & paying down revolving credit facility seem a sensible use of the money.

Still in some JLEN but sold out of BSIF recently for similar reasons. All the same, there's no denying the chronic demand for "safe" yield.

spectoacc
15/6/2017
07:41
ANOTHER PLACING - what is wrong with this Company? A placing every 3/4 months raising 10/15% of market cap on each occasion, is it totally inept at forecasting?
rat attack
05/4/2017
11:57
The issue got away and the following day the shares slipped to about 1.01 during the day - so bought a shedload - far too many - and so have been slicing off as they are now at an all time high. So I have made the 6% plus in about two months. Now waiting for the price of this - and other infrastructure shares to drop. Will I wait in vain?
a0002577
08/2/2017
17:58
19 Jan: The Company's unaudited NAV as at 31 December 2016 was GBP284.6 million or 100.0 pence per share, compared to GBP271.6 million or 98.3 pence per share as at 30 September 2016.
jonwig
08/2/2017
16:41
Re post 28:

From the January 19th RNS:

"The issue price per New Ordinary Share will be agreed between the Company, the Investment Adviser and Winterflood following the close of the bookbuild and will be at a premium to the Company's latest published Net Asset Value per Share, at least sufficient to cover the costs of the Placing"

I think the most recent published NAV is 98.5p? Not certain on that.

exmooroil
08/2/2017
10:00
Fair point, I'll rephrase - "Let's knock the premium once again by issuing more shares".

They say heavily over-subscribed but agreed re dropping price.

Not sure I'll do anything about it this time, but I might well sell out of entire holding next time it's at a good premium.

spectoacc
08/2/2017
08:47
The price (101p) was a premium to NAV of 100p, so you're not diluted. (Though I would be concerned that the NAV premium on this company is a bit thin compared with most infra funds.)

And regarding non-pre-emptive issue, you know the rules. It's also very expensive to do a full open offer - needs a prospectus for starters. However, the fact that it took nearly three weeks rather than a couple of days suggests they had to drop the price - probably they wanted about 104p.

jonwig
08/2/2017
08:32
"I know, let's dilute shareholders yet again, ha ha ha, ho ho ho".

Getting fed up with it. Placings that we can't easily participate in (if at all). 55m shares this time.

spectoacc
23/1/2017
22:05
Looks like JLEN will miss out on any assets made available from GIB sale to Macquarie.
cyfran101
23/9/2016
10:59
John Laing Environmental Assets offers income minus a hefty premium (8/9/16) - [subscription required]

"...But JLEN is better valued than broad infrastructure investment trusts, and pays a consistently rising and well-covered dividend, so it still looks like a good way to get an attractive income without a hefty premium. Buy."

speedsgh
18/9/2016
22:53
Appears electricity price fears have receded and the diversified nature of their assets is attractive. Not much in the way of negative commentary seen recently. Happy to hold.
cyfran101
15/9/2016
23:11
any views on this as a long term low(?) risk income hold ...
pjw956
11/5/2016
08:22
Good to see them diversifying into France. Solid 6% yield with very low risk to share price.
gateside
Chat Pages: Latest  4  3  2  1

Your Recent History

Delayed Upgrade Clock