John Laing Share Discussion Threads

[wirralowl] 25/5/2016 17:58

Anyone else still waiting for their dividend (due on the 20th?). I'm with idealing, who have been really poor recently for me on speed and accuracy of dividend payments.

[mfhmfh] 13/5/2016 09:34

slow burner with dividends to be paid on the 20th this month

[davr0s] 13/5/2016 09:13

Looks like period of weakness may be over? Been topping up sub 211 in recent days so it can go back up now :)

[mfhmfh] 11/5/2016 11:51

AGM tomorrow, hopefully a positive statement to get the share price pushing towards 230 again.

[alan@bj] 25/4/2016 11:48

I bought in March following a recommendation in The Times "Tempus" column. This is what it said:-
"John Laing is beginning to look like an increasingly safe haven in these unpredictable markets. The company buys into public-private partnerships and renewable energy projects, helps to build them and then flips them on once completed.

I have suggested before that this is a slightly riskier approach than investing in those same infrastructure funds that Laing is selling to, but it provides a greater upside. There was not a lot to trouble investors in the figures for 2015. The group is increasing its rate of investment, £180.5 million spent last year, as opposed to an average of £135 million over each of the past four years.

The rate of divestments came in a little light at £86.3 million, but this is because one sale for almost £20 million slipped into the current year. Laing says that it will distribute about 5 per cent to 10 per cent of the proceeds from these sales as special dividends. The 6.9p total for last year, since the flotation in February 2015, suggests a dividend yield of about 3.5 per cent, assuming that rate of divestment can be maintained.

The only question is to what extent further investments in PPP schemes can be found. The company is casting its net further afield, looking at North America and Australasia and at more investment in renewable energy; US states are looking at the idea as a way of replacing ageing infrastructure.

The shares, floated at 195p, have recovered strongly since the autumn and rose another 5p to 218½p yesterday. I like them for their clear defensive properties and that decent yield.

My advice Buy
Why Decent income and safe, defensive stock"

[mfhmfh] 25/4/2016 11:39

topped up here, directors have bough at this price or slightly lower/much higher this year.

[davr0s] 22/4/2016 11:41

Appreciate its gone xd but we soon gave up 235p. Looks like we may retest 200p? I top sliced at 230 so will add back if this happens. Was hoping for a break out but it maybe we are stuck in a range between 200-235?

[alan@bj] 22/4/2016 10:00

Big increase in Blackrock's holding.

[carer] 20/4/2016 16:29

Info obtained from sharecast bulletin. Not quote sure about the reliability.

[chinook09] 20/4/2016 16:07

Hi carer - thanks for this. Can you elaborate? That is pretty material information which I hadn't come across. If that is indeed the case then this is positive news on the basis it was taken up and traded north of the block price.

[davr0s] 20/4/2016 15:47

Where did you come across that - don't see any RNS ?

[carer] 20/4/2016 15:38

A shareholder placed 5% at 215p and well received. There would ne further drop tomorrow going ex-div.

[alan@bj] 20/4/2016 15:08

I bought into JLG thinking it would be a low risk medium-term investment with a reasonable dividend. Maybe I need to reappraise that judging from its recent share price movement.

[felix99] 20/4/2016 09:49

seems to oscillate between about 224 and 232 ish recently. Presumably a buyer and seller in decent size playing with each other all the time.

[davr0s] 20/4/2016 08:07

That's a decent drop at he off on volume. Double checked and it says ex divi tomorrow so don't think it is that. Anyone any ideas?

[mfhmfh] 19/4/2016 12:35

I'm enjoying the ride

[igoe104] 19/4/2016 11:16

Nice rise today, maybe that's the overhang cleared.

Onwards and upwards, me thinks.

[chinook09] 29/3/2016 17:47

The number and consistency of director buys is reassuring. So is a price < NAV. Very happy to be long JLG.

[jonwig] 29/3/2016 06:41

Citywire, dated 23 March:

Infrastructure developer John Laing (JLG) has had a strong 2015 and the 2016 pipeline is looking equally positive.

Barclays analyst Daniel Garrod reiterated his ‘overweight217; recommendation and increased the target price from 240p to 270p. The shares dipped 2p to 227.3p yesterday.

‘John Laing performed well in 2015, reporting December net asset value of £890 million…up 15% year-on-year,’ he said.

‘Portfolio valuation was up 22% year-on-year to £841 million, driven by fair value movements of £132 million. The largest components of this were the unwinding of project discount rates and value enhancements. Management project a confident outlook for 2016 stating that the year has started well with an increase in investment pipeline to £1.5 billion.

‘We raised our projected 2016 estimated net asset value by 4% to 267p and highlight that the continuing discount to net asset value appears unwarranted.’

[capricious71] 25/3/2016 13:08

Patience is a virtue with this one.

[mfhmfh] 24/3/2016 12:17

Let's try and hold above 230 and then upwards from there.

[davr0s] 23/3/2016 19:47

Another chunky director buy - one of many this year. They seem very confident so happy to continue holding a decent chunk of these myself

[igoe104] 20/3/2016 12:20

Fancy these to slowly creep up to £2.50 over the next couple months, solid company, low risk. just a kind of share a couple of funds would fancy.

[carer] 16/3/2016 13:05

I was reading some of brokers analysis on JLG done some time ago, just to see who is right. Barclay's notes are pretty much bang on. NAv is going up every year and with steady dividend pay out.It is better to hold this than put money in the bank, which gives no interest.

[carer] 08/3/2016 12:57

this is no brainer. steady income share when it is difficult to make money. The company is doing relatively well considering the general economic situation.