John Laing Infrastructure Share Discussion Threads

[josephrobert] 09/10/2017 18:19

I've been the other side of the desk before jonwig, in what capacity are you asking?

[jonwig] 09/10/2017 14:38

joseph - am visiting an advisory broker later this week. They have quite a big exposure to infra funds for their clients, and I'll ask what their forward strategy is.

[josephrobert] 09/10/2017 13:08

Beginning to wonder why this fund is at a premium to NAV with the continuing weak Conservative government. However 67% UK weighting vs 77% HICL UK weighting. Wondering if support will hold or is the share price gunning for support at or around NAV.

[pjw956] 26/9/2017 20:54

corbyn effect .... will drop further yet.

[jonwig] 26/9/2017 12:04

Looks like it - same effect on HICL's share price today.

[mach100] 26/9/2017 11:50

Is the market in JLIF spooked by Labour's plans for PFI'S? Fairly drastic fall in a short space of time even allowing for going ex-divi. I will be definitely buying more for the yield.

[mach100] 21/9/2017 12:12

It is pleasing to see the share price has fallen less than the divi.I think we will move back to 137p again. I shall recycle the divi back into JLIF shares and add more on weakness. The hospitals are a small wound on an otherwise healthily performing patient so I expectJLIF's performance to remain robust even in a tough market.

[jonwig] 13/9/2017 05:50

Citywire - includes discussion of the issues mentioned in post #323 and broker comment:

[mach100] 11/9/2017 11:10

Hi jw. i think the premium is deserved and we may hit 140p before ex-div. It certainly has flirted with it recently. The yield is juicy and comparatively safe. The current low debt will save a lot of money on financing and post-Grenfell there should be a good stream of work in that area. It looks solid to me and if it came off a few pence I would be happy to invest more for the outlook and yield.

[jonwig] 11/9/2017 07:23

H1 results:



Largely satisfactory. A couple of minor problems (Peterborough Hosp, Roseberry Park Hosp) contributed to NAV growth below the unwind rate. Should we be concerned? Unless there's a trend developing, I doubt it.

13.6% premium to NAV might narrow a bit. A few pence off the share price, maybe?

[jonwig] 06/6/2017 06:40

Citywire again:

[jonwig] 19/5/2017 07:12

Update at 31 March:



Current premium to NAV of 14% looks about right, compared with HICL and 3IN.

[jonwig] 27/3/2017 16:38

"Placing of 89,826,897 new ordinary shares at a price of 133 pence per share"

Quite a good price.

[skinny] 21/3/2017 07:58

Jonwig - something like that - early airport run for one my offspring.

[jonwig] 21/3/2017 06:35

Insomnia, Skinny? Thanks for the links - this and PHNX.

[jonwig] 20/3/2017 08:36

blueledge - xd 23 March, payday 16 May, 3.48p.

FY results very satisfactory. Looking to diversify abroad, like HICL. NAV 120.2p so 13% premium. I don't feel too fazed by that.

[jonwig] 14/3/2017 08:36

They'll tell you on the 20th, with the FY results.

[blueledge2] 14/3/2017 08:19

Any idea of ex div date?

[nimbo1] 06/1/2017 11:46

Bought back in here again after Christmas - money in the bank earning nothing...'safe' inflation linked holding here fits the bill. Another possible run up to the 140 mark. Financial repression - high inflation and low interest rates while governments shrink their debts look the likely story in 2017...imo only.

[skinny] 30/12/2016 11:17

Completion of Acquisition

JLIF, the FTSE 250 listed infrastructure investment company, is pleased to announce that it has completed the acquisition of a 6% indirect interest in the Intercity Express Programme Phase 1 project from John Laing Investments Limited (a wholly-owned subsidiary of John Laing Group plc ("John Laing")).

The transaction represents JLIF's eighth acquisition of 2016 and brings JLIF's new investments for 2016 to a combined total of approximately £300.0 million.

[mach100] 22/12/2016 22:46

Tipped by Tempus in the Times
"John Laing Infrastructure is safe and reliable: what’s not to like?"

Probably accounts for the rise today.

[jonwig] 21/12/2016 07:33

It looks as though JLG paid £37m for this during the first half of 2016, though JLG hasn't made its own announcement about the disposal. So JLIF is moving toward earlier stage projects, or is this a one-off event?