John Laing Share Discussion Threads

[skinny] 21/8/2020 14:11

CEO has bought 26,361 @£2.83.

[badtime] 20/8/2020 23:17

....and stock falls

[chc15] 20/8/2020 13:50

Ceo bought quarter of a million today, not bad.

[ec2] 20/8/2020 09:16

On a positive note, there's no mention of movements in NAV due to FX movements implying some control of the risk. As far as the impact from renewables, I'm long term positive on electricity prices particularly when considering the continued moves away from fossil fuels. I also put my faith in the CEO who was a managing partner in the infrastructure team at InfraRed the investment manager for TRIG and HICL.

[skinny] 20/8/2020 08:35

FWIW :- .




Ben Loomes, John Laing's Chief Executive, said:

"The first half of 2020 has been challenging and I would like to thank all of my colleagues for their hard work and commitment. The resilient performance of the PPP portfolio and continued good project delivery have been more than offset by challenges in the Renewable Energy portfolio as well as macro-economic factors. New investments in the period were minimal, with COVID-19 delaying public procurement processes, as well as the decision taken earlier this year to cease new investment in wind and solar generation.

Nevertheless, I am confident in the outlook for the business. We are building good momentum in our pipeline of preferred and short-listed bidder positions in PPP projects, and the prospects for infrastructure investment are stronger than ever. At its core, John Laing has a differentiated greenfield projects platform with a strong long-term track record of creating value.

The valuation of our portfolio provides a solid base from which to deliver attractive and more consistent and sustainable shareholder returns. We have an attractive portfolio with significant embedded value and, as we manage greenfield projects through to operation, good realisation opportunities at uplifts to book value.

The Group's expertise and long-term partner relationships enable it to access new opportunities, and create value for all stakeholders by investing in, and actively managing, sustainable infrastructure projects. A strategic review is well underway, that will ensure that we are well-positioned to capitalise on new investment opportunities and develop a healthy future pipeline."

John Laing Group will be announcing its half year results for the six months to 30 June 2020 on Thursday, 20 August 2020.

A recorded presentation will be available at www.laing.com at 08.00 BST and CEO Ben Loomes and Group Financial Controller Stuart Colvin will host a Q&A for analysts and investors at 09.30 BST.

Webcast URL:

(Participants can register for the event but the presentation will not be available until 8am)

[jonwig] 20/8/2020 07:19

H1 results:



Not much cheer, unfortunately. The renewables assets are dragging down the nav owing to low power prices. At leat they intend disposing of them ... soon, I hope.

[qantas] 13/8/2020 15:23

Barclays upgraded John Laing to 'overweight' from 'neutral' as it pointed to "signs of a turn in the tide of negative news".

[senator] 03/8/2020 12:16

Surely it is unusual for a CFO to leave immediately without first finding a replacement.

Something not right with a CFO walking away (or being pushed out).

Looks like the market thinks there is something else in the CFO leaving too - such seems a bit fishy.

[ec2] 03/8/2020 09:42

Yes just referring to the CFO. No experience of the new CEO but he comes with a good pedigree from InfraRed Cap which performed excellently in the infrastructure space where he was managing partner.

[chc15] 03/8/2020 09:09

Yes interesting, u mean u thought she was out of her depth? Also the CEO is quite young too..

[ec2] 03/8/2020 07:47

Interesting that the CFO is leaving after such a short period of time. No reason given, but I always got the feeling they were a little out of their depth.

[senator] 13/7/2020 11:56

Looks slightly oversold on the basis of the pre-close statement.

Not going anywhere really until results announced.

[chc15] 10/7/2020 16:06

Another bad week, will I be averaging down again next week?!

[chc15] 08/7/2020 14:27

Yep averaged down. Must be a big seller here depressing the price.

[ec2] 03/7/2020 16:04

Picked up some more at 300.5085 this morning. The benefits of pound cost averaging. My holding is about where I want it to be now.

[chc15] 03/7/2020 08:38

Disappointing, dropping back, hate averaging down, but might have to, lets see next week.

[skinny] 02/7/2020 08:09

Barclays Capital Equal weight 311.80 311.80 425.00 395.00 Reiterates

[alter ego] 01/7/2020 12:22

Added too.

[e-venturer] 01/7/2020 11:00

I agree every government is talking about building infrastructure, Billions of pounds, to help the economy. Seems to be a really harsh over reaction looking longer term I think they have a lot going for them.

Doesn't look too risky in terms of risk and reward

[skinny] 01/7/2020 09:14

FWIW - Peel Hunt Buy 322.90 348.40 400.00 380.00 Reiterates

[chc15] 01/7/2020 09:11

Just bought a few too, overreaction I think.

[ec2] 01/7/2020 09:07

Decided to pick a few up as think today's price drop is not forward thinking enough. Just a few though in case they go lower. Lot of Governments looking to put money into Infrastructure.

[jonwig] 01/7/2020 08:34

I didn't think the update was any worse than the market should have been expecting. Seemed nothing underlying there.

[chc15] 13/5/2020 19:23

Big buying by Aberdeen Standard, things look good here, may top up.