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
  +0.25p +0.24% 105.00p 105.00p 105.75p 106.50p 105.00p 105.50p 1,064,891 16:29:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 25.6 9.3 11.3 397.40

John Laing Environmental Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
09/9/2017
12:00
Agreed @jonwig - often some good detail in the paid-for research, but nearly always all for the bull case.
spectoacc
09/9/2017
07:40
A000 - 'independent' is correct, independent would not be. From the end-page: Marten & Co (which is authorised and regulated by the Financial Conduct Authority) was paid to prepare this note on John Laing Environmental Assets Group. Sponsored research (such as this, Edison, EqDev, etc.) is, of course, prepared with the cooperation of company management. If you think it's a good company anyway, you'll find a lot of extra information in a note such as this, with fairly honest pointers to any downside. However, some rubbish companies pay to promote themselves (beware of Edison in this regard). In fairness, Edison does cease coverage of companies once it can't stretch credibility any further!
jonwig
08/9/2017
10:16
Interesting RNS from JLEN today which points to an 'independent' report on JLEN. Can be found here https://quoteddata.com/2017/09/john-laing-environmental-assets-group-diverse-renewables-exposure/ This covers how green subsidies work, effects of various variables and compares the six listed Green Infrastructure funds - I found it very informative and well worth the read.
a0002577
17/8/2017
07:16
Sold the last of mine today. Plenty of good reasons to own JLEN - index-linked yield, hugely cheap compared to Linkers, relatively "safe" renewables. 8p NAV premium could get larger (look at eg infrastructure plays). But it could also get smaller, & I'm not comfortable holding things at a premium in current market. Good luck holders - may be back in at a future placing.
spectoacc
07/7/2017
20:24
40m deal done at 103 - so watch steady rise back to 110 and market price was just below 105 for those that got in.
pjw956
03/7/2017
19:58
if quick you may pick up sub 105 before 2pm thursday
pjw956
15/6/2017
20:40
so , if thinking of buying - wait till near 6th july when market price will be circa nav ie 100p
pjw956
15/6/2017
09:42
NAV performance to date: 100.1p as at 31/3/17 100.0p as at 31/12/16 98.3p as at 30/9/16 97.1p as at 30/6/16 96.7p as at 31/3/16 95.9p as at 31/12/15 101.2p as at 30/9/15 101.2p as at 31/3/15 98.0p at IPO (Mar 2014)
speedsgh
15/6/2017
08:38
A000 ... the placing is non-preemptive, and done through a bookbuilding programme with indicative bids. In other words, the company doesn't set the price. Unless you want about a million shares, they won't entertain you! There is a limit to the number of shares they can issue this way in any given year - maybe 15%. Above that they will do an open offer, or similar.
jonwig
15/6/2017
08:20
It does seem that they could do the placing at a bit higher price when the shares are trading well above NAV. Also quite difficult to get a place in the placing when shares are in ISAs or SIPPs or other nominee accounts. However, having bought back in at a lowish price I am still a happy bunny with this one. Also sold out of BSIF and half out of TRIG.
a0002577
15/6/2017
07:35
Spec/jonwig - thanks for the comments guys
rat attack
15/6/2017
07:25
rat - Spec's comment is correct. Just about all infra funds have the same policy. And by observing the demand for new shares, current shareholders also get a picture of how the market rates the company.
jonwig
15/6/2017
06:43
They were authorised by shareholders to raise up to £150m, this is just another tranche of that. They'll presumably raise it at above NAV again so (technically) isn't dilutory. Whether you feel comfortable holding at a premium is another matter - c.100p NAV to c.110p share price. New acquisitions & paying down revolving credit facility seem a sensible use of the money. Still in some JLEN but sold out of BSIF recently for similar reasons. All the same, there's no denying the chronic demand for "safe" yield.
spectoacc
15/6/2017
06:41
ANOTHER PLACING - what is wrong with this Company? A placing every 3/4 months raising 10/15% of market cap on each occasion, is it totally inept at forecasting?
rat attack
05/4/2017
10:57
The issue got away and the following day the shares slipped to about 1.01 during the day - so bought a shedload - far too many - and so have been slicing off as they are now at an all time high. So I have made the 6% plus in about two months. Now waiting for the price of this - and other infrastructure shares to drop. Will I wait in vain?
a0002577
08/2/2017
17:58
19 Jan: The Company's unaudited NAV as at 31 December 2016 was GBP284.6 million or 100.0 pence per share, compared to GBP271.6 million or 98.3 pence per share as at 30 September 2016.
jonwig
08/2/2017
16:41
Re post 28: From the January 19th RNS: "The issue price per New Ordinary Share will be agreed between the Company, the Investment Adviser and Winterflood following the close of the bookbuild and will be at a premium to the Company's latest published Net Asset Value per Share, at least sufficient to cover the costs of the Placing" I think the most recent published NAV is 98.5p? Not certain on that.
exmooroil
08/2/2017
10:00
Fair point, I'll rephrase - "Let's knock the premium once again by issuing more shares". They say heavily over-subscribed but agreed re dropping price. Not sure I'll do anything about it this time, but I might well sell out of entire holding next time it's at a good premium.
spectoacc
08/2/2017
08:47
The price (101p) was a premium to NAV of 100p, so you're not diluted. (Though I would be concerned that the NAV premium on this company is a bit thin compared with most infra funds.) And regarding non-pre-emptive issue, you know the rules. It's also very expensive to do a full open offer - needs a prospectus for starters. However, the fact that it took nearly three weeks rather than a couple of days suggests they had to drop the price - probably they wanted about 104p.
jonwig
08/2/2017
08:32
"I know, let's dilute shareholders yet again, ha ha ha, ho ho ho". Getting fed up with it. Placings that we can't easily participate in (if at all). 55m shares this time.
spectoacc
23/1/2017
22:05
Looks like JLEN will miss out on any assets made available from GIB sale to Macquarie.
cyfran101
23/9/2016
09:59
John Laing Environmental Assets offers income minus a hefty premium (8/9/16) - HTTP://www.investorschronicle.co.uk/2016/09/08/tips-and-ideas/fund-tips/john-laing-environmental-assets-offers-income-minus-a-hefty-premium-pum2mN3RqqdUANfEqZhFbO/article.html [subscription required] "...But JLEN is better valued than broad infrastructure investment trusts, and pays a consistently rising and well-covered dividend, so it still looks like a good way to get an attractive income without a hefty premium. Buy."
speedsgh
18/9/2016
21:53
Appears electricity price fears have receded and the diversified nature of their assets is attractive. Not much in the way of negative commentary seen recently. Happy to hold.
cyfran101
15/9/2016
22:11
any views on this as a long term low(?) risk income hold ...
pjw956
17/6/2016
06:33
Annual Report published today.
gateside
Chat Pages: 3  2  1
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