Share Name Share Symbol Market Type Share ISIN Share Description
John Laing LSE:JLG London Ordinary Share GB00BVC3CB83 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +4.20p +1.38% 309.60p 309.20p 309.60p 310.60p 308.40p 309.00p 104,415 11:45:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 196.7 126.0 34.7 8.9 1,519.44

John Laing Share Discussion Threads

Showing 476 to 499 of 500 messages
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DateSubjectAuthorDiscuss
06/10/2018
12:09
2018 Investment Commitments Update John Laing Group plc ("John Laing"), the international originator, active investor and manager of infrastructure projects, is pleased to announce today further renewable energy investments in Australia and the United States. We are investing AUD$108.6 million (£59 million) for a 90.1% shareholding in the 255MWp Sunraysia Solar Farm in New South Wales. This is John Laing's first solar investment in Australia, adding to the four wind farms in the Australian renewable energy portfolio. Construction is scheduled to start later this year and complete in Q4 2019. By investing at the pre-construction stage, John Laing is able to add value as the contractual arrangements for the solar farm, which will determine its future revenue and costs, are finalised. We have also recently acquired two further utility scale solar projects in North Carolina for a combined investment of US$34.8 million (£27 million). This is in addition to the investments in the Fox Creek and Brantley Solar farms also in North Carolina, announced as part of our interim results on 23 August 2018. Taking into account the investments above, our total investment commitments in 2018 to date will increase to £155.2 million and we are maintaining our full year guidance of approximately £250 millio
igoe104
30/8/2018
19:13
Thanks Jonwig. I'm more than happy to hold after taking up the rights issue earlier in the year. Its a quality outfit.
topvest
30/8/2018
18:35
One of IC's tips for this week. Conclusion; Since our previous buy recommendation, John Laing has repeatedly outpaced forecasts on NAV and pre-tax profit. Investors rightly have concerns about the state of the UK's PPP, but with an increasingly diverse portfolio and booming profits we think these concerns are overdone. The shares trade a touch below Peel Hunt’s forecast of 320p NAV for June 2018; however, given the strength of Laing's pipeline, its impressive recent performance and significantly higher underlying value per share, the shares are a buy.
jonwig
24/8/2018
18:00
Yes, all good news. Looks like they may lose the JLIF mandate in 12m or so, but not the end of the world as they still have another newer investment vehicle.
topvest
24/8/2018
06:52
Citywire: Peel Hunt continues to be baffled by the lowly rating on shares in John Laing (JLG) after strong half-year results from the infrastructure investment group. Shares in the group jumped 7.2% to 314.2p after it reported £174.3 million of profits for the six months to the end of June, up from £36.6 million over the same period last year. The big jump in profits was fuelled by a gain on the disposal of its Intercity Express Programme railway project investment. ‘Another set of results ahead of expectations underlines just how good John Laing is at building value,’ said analyst Andrew Shepherd-Barron. ‘We continue to believe that John Laing is undervalued by investors and that this will change,’ he added. ‘We do not see how investors will continue to price the equity at a discount [to net asset value] when a premium is fully deserved.’ Shepherd-Barron retained his ‘buy’ rating on the shares and upped his target price from 355p to 400p.
jonwig
23/8/2018
09:05
Peel Hunt Buy 319.60 355.00 400.00 Reiterates
skinny
23/8/2018
08:19
Thanks Skinny: I used the wrong search term! Good to see geographic distribution away from UK. Always a few niggles (which are also large investments): Sydney Light Rail, New South Wales, Australia - the programme is approximately 12 months behind the contract schedule, but remains within the overall long-stop date. Part of the delay is attributable to the presence of below ground utility services not identified before construction commenced. This has led to various claims by the principal contractor, which are currently the subject of negotiations between the contractor and the public sector client, facilitated by the project company; New Royal Adelaide Hospital, South Australia - the project company continues to monitor the performance of the facilities management services provider. Whilst performance has been improving, the project company and the South Australian government are currently in discussions about the application of the abatement regime resulting from service under-performance; New Generation Rollingstock, Queensland, Australia - whilst the programme is currently behind schedule, a further 18 trains were accepted during the first half of 2018, bringing the total number of accepted trains to 24. The operating performance of the trains in service has been in line with forecast during the period; and I-4 Ultimate, Florida, US - this availability-based road project in central Florida is approximately eight months behind the contract schedule. All parties are currently discussing schedule optimisation approaches in order to further mitigate any potential delays.,/I>
jonwig
23/8/2018
07:35
JLIF & JLEN are mentioned 23 & 22 times respectively - this is in respect of the offer :- "The offer is expected to become effective in late September/early October 2018. During this period, the Group expects to discuss with the acquiring consortium the future of its asset management services to JLIF. As previously disclosed, the Investment Advisory Agreement between JLIF and JLCM is terminable by either side with 12 months' notice."
skinny
23/8/2018
07:23
Some key numbers: dividend 1.8p, ex-div 27/09, pay 26/10, NAV 307p (after 281p adjusted on 31/12). I can't find anything about the future of their management contract with JLIF.
jonwig
23/8/2018
07:04
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018 John Laing Group plc (John Laing, the Company or the Group) announces its unaudited results for the six months ended 30 June 2018. Highlights · Net asset value (NAV) per share at 30 June 2018 of 307p (31 December 2017 - 281p1) - 9.3% increase since 31 December 2017 - 11.7% increase including dividend paid in May 2018 · NAV of £1,505.4 million at 30 June 2018 (31 December 2017 - £1,123.9 million) · £39.2 million in investment commitments (six months ended 30 June 2017 - £111.3 million)2 · Strong pipeline of £2.3 billion of investment opportunities, including 12 shortlisted PPP positions representing c.£325 million of potential investment · Realisations of £241.5 million from the sale of investments in project companies (six months ended 30 June 2017 - £151.3 million) · Profit before tax of £174.3 million (six months ended 30 June 2017 - £36.6 million) and earnings per share (EPS) of 38.8p (six months ended 30 June 2017 - 9.4p)3 · Portfolio value at 30 June 2018 of £1,259.7 million representing 18.2% increase on rebased portfolio value4 at 31 December 2017 · Interim dividend of 1.80p per share payable in October 2018 (six months ended 30 June 2017 - 1.75p per share5) · 1 for 3 rights issue in March 2018 raising £210.5 million, net of costs (the Rights Issue) · 2018 guidance for investment commitments and realisations maintained Olivier Brousse, John Laing's Chief Executive Officer, commented: "We are pleased with our performance in the first half of 2018. John Laing is growing as an international expert investor in greenfield infrastructure, in Europe, North America, Asia Pacific and beyond. Our pipeline of opportunities continues to grow, whilst our exposure to the UK market continues to reduce. The recent Rights Issue has given us the financial credibility to team up with the best international infrastructure players. At the same time we will retain our risk analysis and investment discipline to continue to grow safely and in a scalable way. Our pipeline should continue to drive our investment growth, whilst the quality of our secondary portfolio and the dynamism of the market for operational assets should continue to fund that growth. The recent reorganisation around our three regions will ensure scalability of our growth and cost base while reinforcing local presence. We are confident about our business model and our future performance." Notes: (1) NAV per share at 31 December 2017 of 281p is the previously reported NAV per share of 306p multiplied by the Rights Issue bonus factor6 (2) Based on new investment commitments secured in the six months ended 30 June 2018; for further details see the Primary Investment section of the Business Review (3) Basic EPS (adjusted for the Rights Issue); see note 7 to the Condensed Group Financial Statements (4) Rebased portfolio value is described in the Portfolio Valuation section (5) Interim dividend per share for the six months ended 30 June 2017 of 1.75p is the 1.91p paid in October 2017 multiplied by the Rights Issue bonus factor6 (6) For details of the Rights Issue bonus factor see note 7 to the Condensed Group Financial Statements A presentation for analysts and investors will be held at 9:00am (London time) today at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED. A webcast of the presentation and a conference call facility will be accessible using the details below. Conference call dial in details: UK: 020 3936 2999 Other locations: +44 (0) 20 3936 2999 Participant access code: 39 57 10 Participant URL for live access to the on-line presentation: https://www.investis-live.com/john-laing/5b58540205eeee1000fe20b4/thgs
skinny
20/8/2018
14:19
I hadn't noticed PHNX! :-)
skinny
20/8/2018
12:44
Thanks Skinny - hadn't realised. PHNX same day. Hard work this investment lark!
jonwig
20/8/2018
12:32
Half year results on 23rd.
skinny
06/8/2018
16:00
Standard Life Aberdeen > 15%
skinny
16/7/2018
11:35
Interesting news of a possible cash bid at JLIF.
topvest
05/7/2018
05:34
New Edison note can be downloaded here: Https://www.edisoninvestmentresearch.com/research/report/john-laing-group-8764/preview/
jonwig
29/6/2018
22:41
Chuckol, that description sounds more like you than jonwig. You're filtered so naff off.
alter ego
29/6/2018
14:58
I am content with the update. Potentially could have done more to attract investors, but I have always found them to be reliable. Steady growth share. Was delighted to pick up the additional offering at the lower share price Onwards and upwards
robbiereliable
29/6/2018
11:49
Today's announcement lacked detail. Financial information about the disposals was scant, and there was no detail about the valuation of the investment portfolio. A missed opportunity by management. UHOUND, you suggest "better value elsewhere". Any particular stocks in mind?
danielbird193
29/6/2018
11:15
jonwig does not have the slightest clue about anything. He likes to act superior, but he's pretty unintelligent and unprincipled.
chuckol
29/6/2018
11:15
jonwig does not have the slightest clue about anything. He likes to act superior, but he's pretty unintelligent and unprincipled.
chuckol
29/6/2018
08:46
Underwhelming update. Possible opportunities ahead but if they don't win contracts then disappointment beckons. As mentioned - a few issues on a couple of projects. Better value elsewhere perhaps.
uhound
29/6/2018
08:35
Am out of UK so not easy to post, but one of my brokers met them recently and was impressed. So so weakness a bit puzzling. Update shows two projects with issues. This sort of thing explains why discount is to be expected
jonwig
29/6/2018
08:01
no idea Rlivsey, especially as today update seems very positive. its that time of year, when folks are paranoid and shares can get oversold, but its creates opportunities.
igoe104
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