Share Name Share Symbol Market Type Share ISIN Share Description
John Laing Environmental Assets Group LSE:JLEN London Ordinary Share GG00BJL5FH87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 103.50p 103.50p 104.00p 104.00p 103.50p 103.50p 498,173 15:27:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 21.1 5.7 18.2 407.87

John Laing Environmental Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
20/9/2018
17:50
All good points. I prefer TRIG over JLEN as it's in the Ftse250, so it has a smaller spread between buy and sell price.Not bothered about buying at a premium to NAV, as if I want to sell, I'll be able to sell at a premium to NAV as well.
gateside
20/9/2018
13:21
All the Green Infrastructure shares trade at a premium partly because the yields are good and partly because a major part of their income is government backed and subject to RPI increase year on year. It would be highly unusual - if not unheard of - for any government to back out of such a promise. Even culpability Brown didn't break that code although he came perilously close when he 'abolished' advance corporation tax. This premium varies month by month and drops when they issue new shares (surprise!) This gives an opportunity to trade these shares - especially so as as there is no stamp duty on them - I do this and generally make an extra 3 to 5% per annum doing it. At the moment the premium is between 4.4% (Jlen) and 11.3% (UKW). It never ceases to surprise me that PIs (presumably) will push the shares up between funding rounds with the inevitable share price price drop when there is an announcement of a further equity raise. I just take advantage of this peculiarity because frankly I don't really care which ones I hold at any one time although I do like JLEN for its diversity of asset.
a0002577
20/9/2018
08:32
Fair points @bgb, tho would surely be better if they didn't keep issuing shares (albeit at a slight premium to NAV).
spectoacc
20/9/2018
08:26
The premium is essentially based on a combination of assumptions about electricity prices and the discount rate used - very different to a premium with say a REIT. Change those assumptions and the NAV will change - an recent example would be the take-over of JILF. Subsidies by their nature always carry some risk. In this enviroment, changes tend to be made to new projects coming on stream, less often retrospectively to existing projects. I am not aware that Corbyn carries a greater risk to the renewables subsidy regieme than any other political leader (unlike with PFI).
belgraviaboy
20/9/2018
07:58
The 1.36% ongoing charge, the reliance on subsidy (Corbyn), the, um, premium. Saying you're happy to accept nil return in order to see your buy price fall doesn't negate that. Still - there's worse out there. But never keen on something trading at a premium, that can then keep issuing shares.
spectoacc
19/9/2018
19:28
Not been invested here long and by reinvesting dividends, it has brought my buy price down to 92pSo any premium to NAV soon vanishes. Very low risk investment which pays a 6+% dividend. What's not to like?
gateside
19/9/2018
15:30
Other than the possibility of scaling back - which seems unlikely, when they've reserved the right to increase the issue subject to demand - am surprised JLEN still trading above 102p. Mind you - also surprised anyone pays a premium to the sub-£1 NAV! :)
spectoacc
18/9/2018
18:49
Yesterday, I bit the bullet and sold the rest of my JLEN. Then put the resulting funds into the placing. Theoretically I should get 3% more shares than I sold and not miss a dividend. Bit of a no brainer really. The forward yield at a price of 102 is 6.4% by the way making it the standout Green Infrastructure fund at the moment.
a0002577
12/9/2018
16:41
You can find the list of intermediaries here http://jlen.com/images/uploads/news/JLEN_how_to_invest_2.pdf I really cannot see how/why investors bid up the price in the knowledge that there is to be a placing shortly cos as sure as eggs is eggs the share price will drop when the RNS comes. Luckily for me I sold most in the past ten days so can buy back in at a lower price because inherently I think it is a good company but there is extra money to be made by judicious trading..
a0002577
12/9/2018
16:09
These are available through i-dealing. Highly recommended (by me) execution only internet broker btw.
steve73
12/9/2018
13:54
Thanks Gateside HL are not on the list (JLEN website)for making an offer for subscription. I can't see that there is an easy way in for me... Wait till price closes on 102 and buy in the market I guess.
8w
12/9/2018
13:51
"Proposed Placing, Offer for Subscription and Intermediaries Offer " - so institutions in the placing, new and existing holders directly by subscribing, or through your broker if he's an official intermediary. No problem for private investors.
jonwig
12/9/2018
13:23
Individual shareholders can't usually take place in Share Placings.I assume this will be the case with this placing for JLENMight be worth checking with your broker
gateside
12/9/2018
11:39
Are existing holders involved in this? In terms of receiving a right to subscribe to a number of shares based on their existing holding. Have had a search through RNS and can't find any mention....
8w
12/9/2018
09:53
Here's Chris Holmes talking about the proposed placing: Http://jlen.com/investors/media/ (There is a long disclaimer to click through first!) Also, more detail in this highlights from their Capital Markets Day on AD (anaerobic digestion)here, provides even more detail. Https://www.piworld.co.uk/2018/07/17/john-laing-jlen-capital-markets-day-june-2018-highlights/
tomps2
12/9/2018
09:25
There's a 22-page research note - presumably timed to coincide with this fundraising: Https://quoteddata.com/2018/09/john-laing-environmental-assets-diversification-benefits-shine/?utm_medium=email&utm_campaign=JLEN%20-%20QD%20-%20120918&utm_content=JLEN%20-%20QD%20-%20120918+CID_3a51e9b838cca7e4170dd89817919bff&utm_source=Campaign%20Monitor%20emails&utm_term=view%20report
jonwig
07/9/2018
14:17
Someting up? Blue on a red day
belgraviaboy
04/9/2018
16:50
Back up to where they were before they went Ex-dividend.Great share ~ very low risk way to achieve yield of 6+% per year
gateside
23/8/2018
10:16
Ex dividend today
gateside
17/8/2018
17:36
Premium to NAV is worth it for the inflation proof dividend. Like their diversification of renewable assets. Hopefully it will prove to be a good low risk investment.
gateside
17/8/2018
17:00
At that premium to NAV? Hate to pay more than something is "worth" and whenever I've got close to paying a premium (HICL, SQN, ESP) I've regretted it. However - good luck. Not currently a holder.
spectoacc
17/8/2018
15:10
Added a few more JLEN today. Ex dividend next week. Nice 6.2% yield
gateside
17/7/2018
09:20
John Laing Environmental Assets Group Ltd (JLEN) Highlights from the JLEN CMD June 2018: JLEN Investor session on Anaerobic Digestion (20 mins) Https://www.piworld.co.uk/2018/07/17/highlights-from-the-john-laing-jlen-capital-markets-day-june-2018/ Video: JLEN biogas – 00:23 Chris Tanner: Anaerobic digestion (AD) market overview – 03:03 Chris Holmes: Investment attractions – 06:03 Chris Holmes: Value enhancements – 07:59 William Mezzullo: Risk management – 10:06 Philip Lukas: Future biogas – 12:09 Philip Lukas: AD process – 12:49 Innes McEwan: Feedstock & digestate management – 15:29 Innes McEwan: Sustainability – 16:54 John Laing Environmental Assets Group Limited is a self-managed alternative investment fund. The Company is engaged in investment in environmental infrastructure to generate investment returns. Its investment objective is to provide investors with a sustainable dividend per share, paid quarterly, that increases in line with inflation, and to preserve the capital value of its portfolio over the long-term. Its investment policy is to invest in a portfolio of operational environmental infrastructure projects. It makes investments through a group structure involving John Laing Environmental Assets Group (UK) Limited and additional intermediate holding companies for certain projects. Its portfolio includes onshore wind, photovoltaic (PV) solar, and waste and wastewater processing projects in the United Kingdom. It owns a portfolio of approximately 10 environmental infrastructure investments in the United Kingdom. The Company’s investment advisor is John Laing Capital Management Limited.
tomps2
14/6/2018
15:34
Annual report published this morning. No real surprises but more on the downside than the up because they make several mentions of the share issuance programme which will not be at a huge premium to NAV which is/was 99.6. So I sold a chunk this morning. May buy them back when the price drops when they announce they are selling another batch of shares. Still consider this a good company (mainly because of the spread over several types of asset) and have retained my core holding rather than being overweight. Where did he proceeds go? Just about half into AEWU and the bigger half into NESF.
a0002577
09/6/2018
11:11
Good morning, Gateside, I have a portfolio of high yielding shares which is overweight in Infrastructure funds (some or all of BSIF, FSFL, JLEN, NESF, TRIG and UKW at any one time). In common with most shares they go walkabout on prices throughout the year In JLEN's case between 100 and 110. JLEN's shares generally peak in or around June - on very little history it must be said. So I tend to trade in and out of these to try and catch the peaks and also try to catch an extra dividend. On the whole I manage to gain another 5% per year over and above the standard dividends of about 6% giving an overall annual yield of a little more than 11% It is easy and cheap to trade these Infrastructure funds as there is no stamp duty. The rest of the portfolio comprises Retail Bonds, REITs and VCTs (bought in the market) and occasionally a high yielding equity with an upcoming large dividend. (currently this is GNK bought at £4.54) Two major rules for the 'management' of this portfolio are that anything purchased must yield 6% or more and I must be happy to hold it for the medium to long term if it doesn't behave as expected. These rules meant that I had to move out of Preference Shares as the downside of these was (in my view) far greater than the upside - particularly if/when interest rates went up. kind regards - A000
a0002577
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