John Laing Share Discussion Threads

[skinny] 08/3/2017 08:38

Worth a bookmark -

on edit - its not up to date!

[igoe104] 08/3/2017 08:13

Nice tip here.

[alan@bj] 07/3/2017 17:25

Yes:-
The relevant dates in respect of the John Laing Group plc 2016 final dividend are as follows:

20 April 2017 - "Ex-dividend" date for 2016 final dividend

21 April 2017 - Record date for 2016 final dividend

19 May 2017 - Payment date for 2016 final dividend

[grahamburn] 07/3/2017 15:44

So, they have realised their omission with another RNS 20 minutes ago for the relevant dates which are as predicted in my post 267.

[jonwig] 07/3/2017 14:22

19 May is the pay date, the xd isn't mentioned.

[grahamburn] 07/3/2017 14:22

alan

I had the same problem - and the para copied by igoe doesn't answer our question. Similarly, when I looked on the company's website earlier I couldn't find any reference to ex div and payment dates.

Last year ex div was 21 April and payment 20 May - so I'm guessing it would be safe to knock a day off each date for this year!!

[igoe104] 07/3/2017 14:02

here you go read this .

The final dividend will be put to shareholders for their approval at the Company's Annual General Meeting (AGM) which will be held on 11 May 2017. At the Company's AGM on 12 May 2016, all resolutions were approved by shareholders

[alan@bj] 07/3/2017 13:17

I failed to see an ex-divi date or payment date in the announcement. Do I need to go to Specsavers?

[igoe104] 07/3/2017 12:41

IC Comment.


Property and infrastructure developer John Laing (JLG) released a strong set of results, net asset value per share grew to 277p in December 2016, from 242p a year earlier. Profit before tax also jumped to £192.1m from £106.6m in 2015. Buy.

[jonwig] 07/3/2017 12:27

Offhand, I can't see any negatives apart from the Adelaide Hospital and the Manchester waste project. The two together form about 8% of the portfolio, and if I've read it right, together suffer a writedown of about £17m.
I don't think they are serious enough to warrant concern.

They are making some progress in the US, though whether there will be as much work as promised by mr president, I doubt.

[skinny] 07/3/2017 07:15

John Laing Group plc (John Laing or the Company or the Group) announces its audited results for the year ended 31 December 2016.



Highlights

· 14.3% increase in Net Asset Value (NAV), from £889.6 million at 31 December 2015 to £1,016.8 million

· NAV per share at 31 December 2016 of 277p (31 December 2015 - 242p)

· New investment commitments of £181.9 million (2015 - £180.5 million)

· Realisations of £146.61 million from the sale of investments

· Profit before tax of £192.1 million compared to £106.6 million (pro forma) in 20152

· Earnings per share of 51.9p (2015 - 27.6p pro forma)

· 30% increase in external Assets under Management (AuM) to £1,472 million3

· Cash yield from investment portfolio of £34.8 million (2015 - £38.9 million)

· Continuing international growth including the Group's first offshore wind farm investment and first renewable energy investment in the US

· Final dividend of 6.3p per share in line with policy (including a special dividend of 2.6p per share), giving a total 2016 dividend of 8.15p (2015 - total dividend of 6.9p)



Olivier Brousse, John Laing's Chief Executive Officer, commented:

"2016 has been another good year for John Laing with strong growth in NAV and dividends. Our origination platform is working well as shown by our increasingly diversified and growing pipeline of opportunities, while our portfolio of projects under construction is well balanced and actively managed by experienced teams, allowing us to deliver steady results. We are well organised and positioned to take advantage of future opportunities in order to continue to move our business forward while controlling our costs and our risks. "

Notes:
1. Realisations include £19.5 million in respect of British Transport Police and Oldham Housing transactions which counted towards guidance for 2015.
2. Profit before tax from continuing operations of £192.1 million (2015 - £100.9 million) and from discontinued operations of £nil (2015 - £5.7 million).
3. External AuM based on published portfolio values of JLIF and JLEN at 30 September 2016.

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 conference call facility will also be available using the dial-in details below.

Conference call dial in details:

UK: 020 3059 8125
Other locations: [phone]
Participant password: John Laing Conference Call

Participant URL for live access to the on-line presentation:

[igoe104] 27/2/2017 15:12

John Laing Group PLC (LON:JLG) has been given an average recommendation of “Buy” by the six research firms that are currently covering the company. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 328.80 ($4.10).

[skinny] 11/1/2017 07:15

11 January 2017

On 4 November 2016, John Laing Group plc ("John Laing"), the international originator, active investor and manager of infrastructure projects, announced that it had entered into an agreement to dispose of its 29.69% investment in Gdansk Transport Company S.A. ("GTC") to FS Amber Holdings B.V. ("FS Amber") for €146.9 million (£131.0 million) subject to certain reductions and adjustments. Completion of the sale was subject to obtaining various consents and satisfying certain conditions.

Since that announcement, as a consequence of the exercise of pre-emption rights by a co-shareholder in GTC, NDI Autostrada share price Z.O.O. ("NDIA"), John Laing has entered into an agreement to dispose of its investment in GTC to NDIA, for the same price and on the same terms as to potential reductions and adjustment to final consideration as previously agreed with FS Amber.

Completion of the disposal to NDIA is subject to obtaining certain consents and satisfying certain conditions and is expected to occur within the first quarter of 2017.

[igoe104] 16/12/2016 13:07

John Laing Group PLC’s (JLG) Buy Rating Reiterated at Beaufort Securities.

Beaufort Securities reaffirmed their buy rating on shares of John Laing Group PLC (LON:JLG) in a research note published on Monday morning.
JLG has been the topic of several other reports. Barclays PLC reissued an overweight rating and set a GBX 315 ($4.00) target price on shares of John Laing Group PLC in a research note on Monday, October 3rd. HSBC boosted their target price on John Laing Group PLC from GBX 275 ($3.49) to GBX 315 ($4.00) and gave the company a buy rating in a research note on Friday, August 26th. Royal Bank Of Canada boosted their target price on John Laing Group PLC from GBX 270 ($3.43) to GBX 325 ($4.13) and gave the company an outperform rating in a research note on Tuesday, October 25th. Finally, Peel Hunt assumed coverage on John Laing Group PLC in a research note on Thursday, November 17th. They issued a buy rating and a GBX 344 ($4.37) price target on the stock. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of GBX 318.80 ($4.05).

[igoe104] 09/12/2016 11:34

A Couple of teething problems, which they are confident of resolving.

But over-all the picture looks very rosy, the future looks bright with a strong pipeline.

I`m happy to hold for a good while yet, and keep picking up the special divi`s along the way etc.

[jonwig] 09/12/2016 07:22

NRAH problems:



They haven't built the floors strong enough to bear the load of ........ paper patient records.

[jonwig] 09/12/2016 07:16

Pre-close update:



Two problems mentioned. The Manchester waste project was described in the IPO prospectus, and I thought it had been sorted out. Maybe there are fresh issues.
The Adelaide hospital is new to me.
They won't tell us how much has been written down on the individual projects, but we might be able to get some indication in the detailed results and the final NAV.

[igoe104] 24/11/2016 08:11

John Laing takes slice in Oz
Acquisition of 72.3% stake in 30MW Kiata wind farm in Victoria

John Laing Group has acquired a 72.3% stake in the 30MW Kiata wind farm in the Australian state of Victoria from Windlab for A$32.6m.
Project developer Windlab retains a 25% interest in the wind farm, with the remaining 2.7% granted to local landowners.

Construction of the project, which is expected to be complete during the fourth quarter of 2017, will also be financed by debt arranged by National Australia Bank.
Vestas Wind Systems is the EPC contractor, maintenance provider and supplier of nine V126 turbines with hub heights of 117 metres.
Kiata has a 10-year offtake agreement for the green certificates it will generate with the government of Victoria.
The deal is John Laing’s third wind farm investment in Australia

[igoe104] 24/11/2016 08:09

Nice start to the day, new highs at over £2.80

[capricious71] 23/11/2016 09:55

Indeed, JLG still seems quite cheap.

A slow burner but I think next year it'll get more attention.

[igoe104] 17/11/2016 16:12

solid investment these are, id be surprised if these are below £3 quid this time next year.

id take a punt at £3,20 in 12 months time, id be happy with that.

[robbiereliable] 09/11/2016 19:22

Delighted today. Removed my stop losses on three of my interests, only to find a good 3% up on two and 0.5% on the other.

[igoe104] 09/11/2016 19:11

good afternoon here, unlike some of my AIM stocks.

[jonwig] 04/11/2016 15:01

Graham - thanks, of course. The small matter of what they paid for it remains!