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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| John Laing Group Plc | LSE:JLG | London | Ordinary Share | GB00BVC3CB83 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 402.60 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 402.60 | 402.80 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 402.60 | GBX |
John Laing (JLG) Share Charts1 Year John Laing Chart |
|
1 Month John Laing Chart |
Intraday John Laing Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/10/2021 | 16:46 | :::: JOHN LAING GROUP :::: | 697 |
| 28/10/2004 | 17:33 | John Lusty Group | 13 |
| 26/6/2002 | 14:52 | TIP JOHN LUSTY | 14 |
| 17/2/2001 | 19:56 | Ј2.75m Lusty deals | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 22/9/2021 18:11 by chc15 Lol yeh goodbye JLG, maybe come back one day! |
Posted at 20/5/2021 12:55 by income investor Share price now above offer price! Does suggest market expecting another bid. |
Posted at 20/5/2021 09:39 by goldenish1 Brought JLG back in August 2020 as seemed a low risk share at a cheap price and with nice growth prospects. Through my work, I have a bit of experience of infrastructure projects. I am far from complaining about a 34% return if the sales goes through at 403p, even if I did buy with the idea of just tucking it away and hanging onto for many years. Personally if everything goes through then looking at investing those funds in Rathbones, which looks like another low risk but with a decent bit of upside, perhaps 20/30%. |
Posted at 20/5/2021 07:02 by jonwig topvest - a good point about the share price; it's signalling hope at least of a counter-bid. If the price starts sagging or major holders show support for KKR, I'd be a seller rather than wait. |
Posted at 19/5/2021 07:02 by skinny .Summary -- The boards of John Laing and Bidco are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of John Laing by Bidco. The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. -- Under the terms of the Acquisition, each John Laing Shareholder shall be entitled to receive: for each John Laing Share 403 pence in cash -- The Acquisition Price represents an attractive premium of approximately: -- 35 per cent. to John Laing's Adjusted Net Asset Value of 299 pence per John Laing Share as at 31 December 2020; -- 27 per cent. to the Closing Price per John Laing Share of 318 pence on 5 May 2021 (being the latest practicable date prior to the announcement by John Laing that it was in discussions with KKR (the "Pre-Announcement Date")); -- 30 per cent. to the volume weighted average price per John Laing Share of 311 pence for the one-month period ending on the Pre-Announcement Date; and -- 30 per cent. to the volume weighted average price per John Laing Share of 311 pence for the three-month period ending on the Pre-Announcement Date. -- The Acquisition values the entire issued and to be issued ordinary share capital of John Laing at approximately GBP2.0 billion on a fully diluted basis. -- If any dividend or other distribution is declared, made or paid in respect of John Laing Shares on or after the date of this Announcement, Bidco reserves the right to reduce the Acquisition Price by the amount of such dividend or other distribution. In such circumstances, John Laing Shareholders would be entitled to retain any such dividend or other distribution. -- A revised valuation of John Laing's asset portfolio and net asset value as at 31 May 2021 will be published pursuant to Rule 29 of the Takeover Code in the Scheme Document. Transaction overview -- All-cash acquisition of John Laing by Bidco, intended to be recommended unanimously by the John Laing Board. -- John Laing is a leading international investor which develops and owns mid-market infrastructure assets across the UK & Europe, North America, Latin America and Australia. -- KKR believes that John Laing has an attractive, established portfolio of infrastructure assets and a platform with significant expertise and growth potential. These provide the appropriate risk/returns and an attractive pipeline of future infrastructure projects to meet the objectives of KKR's diversified core infrastructure strategy. -- KKR intends to support John Laing's management team and its strategy of investing in mid-market economic infrastructure assets and businesses and by providing flexible access to long-term capital to fund further growth opportunities. KKR's extensive access to long-term capital and its global network and expertise will enable the John Laing team to accelerate its investment strategy and grow John Laing's asset base under private ownership. -- KKR has agreed to partner with Equitix, an experienced infrastructure investor, to jointly own John Laing's existing asset portfolio. Immediately following completion of the Acquisition, Equitix will acquire a 50 per cent. shareholding in the existing asset portfolio which will continue to be managed by John Laing's management team. -- KKR and Bidco have given assurances to the John Laing Directors that the existing employment rights, including pension rights, of the management and employees of John Laing shall be fully safeguarded. John Laing recommendation -- The John Laing Directors, who have been so advised by Evercore as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. In providing its advice to the John Laing Directors, Evercore has taken into account the commercial assessments of the John Laing Directors. -- Accordingly, the John Laing Directors intend to recommend unanimously that John Laing Shareholders vote in favour of the Scheme at the Court Meeting and John Laing Shareholders vote in favour of the resolutions to be proposed at the John Laing General Meeting as the John Laing Directors who hold interests in John Laing Shares have irrevocably undertaken to do in respect of their own beneficial holdings of 555,083 John Laing Shares representing, in aggregate, approximately 0.11 per cent. of John Laing's issued ordinary share capital on 18 May 2021 (being the latest practicable date prior to publication of this Announcement). Irrevocable undertakings and letter of intent -- In addition to the irrevocable undertakings from the John Laing Directors who hold interests in John Laing Shares, Bidco has received a letter of intent from Soros Fund Management LLC to vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the John Laing General Meeting in respect of 20,384,506 John Laing Shares, representing, in aggregate, approximately 4.13 per cent. of John Laing's issued ordinary share capital on 18 May 2021 (being the latest practicable date prior to publication of this Announcement). -- Bidco has therefore received irrevocable undertakings or a letter of intent in respect of a total of 20,939,589 John Laing Shares representing, in aggregate, approximately 4.24 per cent. of John Laing's issued ordinary share capital on 18 May 2021 (being the latest practicable date prior to publication of this Announcement). -- Further details of these irrevocable undertakings (and the circumstances in which they shall cease to be binding or otherwise fall away) and letter of intent are set out in Appendix III to this Announcement. more...... |
Posted at 18/5/2021 10:18 by salpara111 I don't think a deal will be done and I say that as a holder.Private equity will want to sell off parts of the portfolio which means that they cant really afford to pay more than 20% over book value......which would give you a takeout price around 365/370. Their timing is perfect in terms of launching a bid when the share price was very weak. My expectation was for a return to the 350/360 level in the next 6-9 months which, along with the divi would mean I have little incentive to take the money now. It would appear that no one else is going to throw their hat in the ring so no bidding war. It will be down to the big holders to decide and I suspect that they will vote no. Dont get me wrong, if there was an agreed bid at 390 or above I would happily take the money and run but I cant see an offer being tabled at that level and clearly the market doesnt think so either. |
Posted at 07/5/2021 11:35 by livewireplus Liberum downgrades John Laing but lifts price target price on KKR talkshTTps://www.sha |
Posted at 07/5/2021 11:14 by riverman77 Strange drop - almost tempted to top up here as can't see this going for much under 400p, and probably more. Last reported NAV was 310p so current share price of 362p is a mere 16% premium - can't believe KKR would get it for this. |
Posted at 06/5/2021 14:12 by alter ego RNS just out"Following recent share price movement, the Board of John Laing Group plc ("John Laing" or the "Company") (LSE: JLG-GB) confirms that it is in discussions with KKR & Co. Inc. ("KKR") regarding a possible offer by KKR for the entire issued and to be issued ordinary share capital of John Laing." |
Posted at 01/4/2021 07:24 by 18bt jonwig, yes I saw that too, having just swapped my 3iN shareholding which I felt was standing at too great a premium into JLG. I like the recycling apporach from renewable energy into asssets which are less prone to power price changes. Having also ridden a big share price rise in ICP over the years as it moved from being valued on NAV to one that is valued on earnings as it takes on the management of 3rd party funds, I like that potential too in JLG. |
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