John Laing Infrastructure Share Discussion Threads

[skinny] 28/10/2011 14:21

Third National Swedish Pension Fund have taken a 6.76% holding.

[skinny] 25/10/2011 12:04

It should certainly attract interest from the trackers.

[jonwig] 25/10/2011 12:03

Share issue successful. That's good, as failure would have been a reputational blow at least. This could be useful:

The Company expects to be eligible to be considered for inclusion in the FTSE UK 250 Index at the next FTSE quarterly review meeting on 7 December 2011.

[skinny] 21/10/2011 16:10

I've received the dividend today and I haven't taken up the issue - good luck to any holders that did !

[jonwig] 18/10/2011 07:31

"Risk off" again.

Would I buy these in the market now? No, so I'll pass on the offer.

[skinny] 14/10/2011 10:04

With HL I have until noon next Friday (21st). Nor my holding btw.

[jonwig] 14/10/2011 10:00

Wouldn't be worth it for my paltry sum! TDW have now announced - I have until the 19th to decide.

[skinny] 14/10/2011 08:56

Depending on the number of shares you hold, its possible now to sell @105.25 and take up the offer @105.

[skinny] 12/10/2011 14:26

HICL & JLIF account for about 7% of my SIPP - so I probably will decline the offer - good luck.

[jonwig] 12/10/2011 14:24

I see that 3IN, HICL and JLIF together make up 5.5% of our family portfolio. I thought it was more, so there's elbow room and cash in the bank to take up the offer, and some if they're available.

Given the markets and my current situation (retired) I think these could help the total to 10%.

[skinny] 12/10/2011 13:42

I had the documentation from Hargreaves Lansdown last Monday (3rd) - I'm still undecided but will probably leave it, as I have a fairly (for me) large holding.

[jonwig] 12/10/2011 11:13

Telegraph article:



My broker (TDW) hasn't given me the chance to subscribe yet ... deadline is 17/10.

[skinny] 04/10/2011 10:56

Now being quoted 103.85 - baring a miracle, the offer must be dead in the water.

[jonwig] 04/10/2011 10:38

Agreed about taking up - I'd need a margin of comfort, and there's no stamp duty to save anyway.

[skinny] 04/10/2011 09:35

I've just been quoted 104.14 to buy.

[skinny] 03/10/2011 21:07

I've decided not to - and I guess many others will do the same.

[jonwig] 03/10/2011 20:20

148,365,000 is maximum issue. Won't go ahead unless applications are received for at least 60,000,000 shares.

JL will invest only if maximum not reached. Question - will JL ensure issue proceeds, so that they swap operations for shares in JLIF? Possibly.

Offer price at close was 105.5p - debatable whether it's worth subscribing.

[jonwig] 28/9/2011 08:20

Interesting that JLIF, HICL and 3IN have been steady over the last two months.

I'll probably make an excess application - worthwhile picking up stock free of brokerage and at a slight discount.

[skinny] 28/9/2011 07:31

Summary

-- JLIF today announces an Open Offer, Placing and Offer for Subscription in relation to the issue of up to 148,365,000 New Shares at an Issue Price of 105 pence per share. The Open Offer is fully pre-emptive on the basis of 1 New Share for every 2 Existing Ordinary Shares held on the Record Date. Qualifying Shareholders will be able to apply for additional New Shares by means of an Excess Application Facility.

-- The target dividend yield on the Issue Price is 5.7(2) per cent. The assets have a projected net return which suits the Company's stated target of between 7-8%(3) net return to investors over the long term including potential value enhancements.

[jonwig] 30/8/2011 07:30

Very satisfactory H1 results:



Dividend 3.0p payable 21 Oct, xd 7 Sept. NAV over 105p.

Share prices of JLIF, HICL and 3IN all very steady over last six weeks.

[skinny] 23/5/2011 08:08

23 May 2011

John Laing Infrastructure Fund

Completion of acquisition of Cleveland Police Headquarters

John Laing Infrastructure Fund ("JLIF"), which successfully raised approximately GBP27.4 million on 4 April, is pleased to announce it has completed the acquisition of the third of the four PFI/PPP infrastructure projects, which it recently agreed to purchase from the John Laing Group.

The project, in which the Company now has a 42.5% stake, is Cleveland Police Headquarters in Middlesbrough. Today's announcement follows the recent acquisitions of Bentilee Community Centre, near Stoke-on-Trent, 100% owned by JLIF, and the increase in its stake in Queen Elizabeth Hospital, Greenwich, from 12.5% to 27.5%.

The completion of the acquisition of the fourth project, the Roseberry Park Hospital, is dependent on the John Laing Group's completion of residual requirements and subsequent final consents, expected in the coming months, after which time the Company is expected to own a 22 asset portfolio.

[skinny] 19/5/2011 08:10

Yes HICL confirmed dividend this morning.

[jonwig] 19/5/2011 07:33

Yes, just read it. All three infrastructure companies I hold (JLIF, HICL, 3IN) have been firm lately, and a running yield of 5% plus index-linked on divi and assets can't be sniffed at.

Political concerns seem to have been quietly shelved.