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
  -0.50p -0.48% 104.50p 104.00p 104.50p 105.00p 103.00p 104.00p 231,982 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 21.1 5.7 18.3 411.81

John Laing Environmental Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
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
08/6/2018
22:43
results on 14 june - perhaps more will become clearer then...todays uptick is a sign of something ...??
pjw956
08/6/2018
18:43
Seriously well timed buy there, as the price has barely moved since beginning of February
gateside
08/6/2018
14:22
On 1st June, I noted that this had become my favourite green infrastructure fund. Since then they have gone ex-div without dropping in price and 'shot up' several pence today. Why? Unless it is because they are intensively wooing analysts? Glad to say I bought a few before I made my post on 1st.
a0002577
01/6/2018
12:31
Looking at the original prospectus, they targeted a net-of-expenses IRR of 7.5 - 8.5% on an initial NAV of 98p. So that would be 133p to 138p after four years less 20.07p paid in dividends, leaving a current NAV between 113p and 118p. Ongoing fundraises and acquisition expenses will have diluted this to some extent, but the discrepancy looks a bit steep. Maybe they've had to write down some things, I don't know. I started this thread as I was a potential buyer. I can't remember why I didn't - maybe the biomass stuff was a bit tricky for me.
jonwig
01/6/2018
12:06
Not sure about that, Jonwig. They pay out a dividend every quarter so it's effect on NAV from one quarter to the next is surely neutral? But you know more than I do on this topic.
a0002577
01/6/2018
09:55
A000... - the NAV increases mainly through accruing income. So that's an annual rate of around 4.4p, but they will pay dividends of 6.31p. Where's the upside?
jonwig
01/6/2018
09:36
Very quiet here - so everyone must be happy. Yesterday they updated NAV (up a penny in the quarter), declared the next dividend (payable at the end of the month) and gave guidance for next year's dividend (6.51 pence) giving a forward yield of 6.4% at today's price - not bad. see https://uk.advfn.com/stock-market/london/john-laing-environmental-JLEN/share-news/John-Laing-Environmental-Assets-Grp-Net-Asset-Valu/77556658 for fuller details. This makes this stock my pick of the six at the moment - Diversified portfolio, good dividend and more upside to the the share price than TRIG, BSIF, FSFL, NEST or UKW.
a0002577
23/11/2017
20:35
nav down which is disappointing - but "total" income generated seem good - so on balance a solid dividend payer at reasonable risks levels - colder weather should drive higher leccy prices..despite government pressures - so maybe nav recovers this half ?
pjw956
21/11/2017
23:21
Results tomorrow on the 22nd
gateside
21/11/2017
21:17
must be due interim results any day now - poss why price falling?
pjw956
09/9/2017
13:00
Agreed @jonwig - often some good detail in the paid-for research, but nearly always all for the bull case.
spectoacc
09/9/2017
08:40
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
11:16
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
08:16
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
21:24
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
20:58
if quick you may pick up sub 105 before 2pm thursday
pjw956
15/6/2017
21:40
so , if thinking of buying - wait till near 6th july when market price will be circa nav ie 100p
pjw956
15/6/2017
10:42
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
09:38
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
09:20
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
08:35
Spec/jonwig - thanks for the comments guys
rat attack
15/6/2017
08:25
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
07:43
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
Chat Pages: 3  2  1
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