John Laing Share Discussion Threads

[soilderboy] 12/12/2018 19:38

Anybody ever write on here?

[robbiereliable] 06/12/2018 11:52

Wow even JLG suffers from market overreaction. UK government is making an absolute mess of Brexit. In or out I say, doesn't matter just make a decision, stick to it and do it quickly!

[danielbird193] 05/12/2018 12:50

Trusty old JLG continues to hold up, recently hitting all-time highs despite the market turbulence which seems to be decimating other positions in my portfolio. Fantastic company and it just makes you wonder what the share price would be doing if there weren't all this uncertainty around. Roll on 2019 and another year of positive updates for this excellent company.

[danielbird193] 16/11/2018 20:52

Nice to see the consideration payable is slightly ahead of the June valuation. Yet more good news!

[jonwig] 16/11/2018 20:11

Manchester Waste disposal - has to be good news (a turkey):



Reduces UK exposure and lifts potential special dividend for 2018.

[danielbird193] 09/11/2018 11:47

Can see this getting to 380p shortly.

[jonwig] 08/11/2018 15:06

I've seen the presentation slides. Good to see the US investments (both Trump and Democrats keen on infra spending) - and look at that solar park on p8!

Good to see reduction in UK exposure (political!). Would have liked to see more detail on problems: Manchester Waste, Royal Adelaide Hospital, but I expect these were part of the discussion.

Any special dividend will depend on disposals, we'll know more ahead of the FY results in March.

Has bucked the October rout very well, so must be a strong hold.

[capricious71] 08/11/2018 14:37

325.40p. Powering ahead.

[skinny] 08/11/2018 12:46

A new high earlier @323.40p.

[danielbird193] 08/11/2018 07:31

All sounds positive, I look forward to seeing the presentation at 9.30. This is now one of my largest positions, I think it's a great company.

[skinny] 08/11/2018 07:07

Investor and analyst morning & 2018 investment commitments update

John Laing Group plc (John Laing), the international originator, active investor and manager of infrastructure projects, announces that it is holding an investor and analyst morning for institutional investors and analysts in London today.

Members of John Laing's senior management team will present on: the North American market, active management of investments in its international portfolio and the impact of macro-economic factors on the Company's balance sheet.

Other than the investment update below, there will be no new material information released.

Presentation materials will be made available on John Laing's website at www.laing.com at 9:30am today to coincide with the start of the event.

2018 investment commitments update

On 5 November 2018, we achieved financial close on an AUD $75 million (£41 million) investment for a 100% interest in the 174.9 MWp Finley Solar Farm project in New South Wales. This is John Laing's second solar investment in Australia.

Taking into account this investment, our total investment commitments in 2018 to date increase to £196.2 million and we are maintaining our full year guidance of approximately £250 million.

[danielbird193] 01/11/2018 12:27

I'm hopeful that they company will issue a pre-close update in early December (as they did last year). This still seems like great value and I would expect even an 'in-line' update to give a nice boost to the share price. Now seems like a nice entry point for new holders.

[skinny] 01/11/2018 12:03

Not quite, 12 month high is/was 323.20p.

[igoe104] 01/11/2018 12:00

New Record highs, I a weak overall market very reassuring.

[danielbird193] 30/10/2018 08:07

Thanks, very reassuring.

[jonwig] 30/10/2018 07:59

@ danielBird - from the 2017 results:

• Opportunities pipeline is 95% outside UK

• "The percentage of our portfolio value attributable to UK investments has fallen from 58% at 31 December 2014 to 34% at 31 December 2017."

We can relax, I think!

[danielbird193] 30/10/2018 07:11

Extract below from yesterday's budget. Does anyone know what sort of impact this may have on JLG?

The government has considered the Private Finance Initiative (PFI) and its successor PF2, in light of experience since 2012, and found the model to be inflexible and overly complex. The OBR’s FRR also identified private finance initiatives as a source of significant fiscal risk to government. PF2 has not been used since 2016. The Budget announces government will no longer use PF2 for new projects. A new centre of best practice in the Department of Health and Social Care (DHSC) will improve the management of existing PFI contracts.

[danielbird193] 19/10/2018 18:46

Well managed and appropriately diversified, I can only agree with you.

[capricious71] 19/10/2018 16:51

This company doesn't seem to attract much attention but it seems a solid investment.

[igoe104] 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

[topvest] 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.

[jonwig] 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.

[topvest] 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.