John Laing Infrastructure Share Discussion Threads

[blueledge2] 05/10/2012 11:35

TD Direct still not showing these new shares as trading.

[jonwig] 05/10/2012 08:58

Yes.
I haven't looked at my TD Direct account to see if they've appeared.

EDIT: they haven't!

[blueledge2] 05/10/2012 08:12

Do the new shares begin trading today?

[jonwig] 04/10/2012 16:18

I think this has happened before ... relief rally that the fund-raising was oversubscribed.

The day this doesn't happen - time to sell out of JLIF, HICL, 3IN, GCP!

[blueledge2] 04/10/2012 15:21

Trading beings tomorrow then.

[jonwig] 02/10/2012 13:54

My TD account isn't showing the allocation - will probably be scaled back, as I asked for a big excess.

[daveofdevon] 02/10/2012 13:27

Very pleased with the outcome here. Put in for full entitlement plus as much again. Just seen the secondary placing RNS and checked my brokers account, got the lot.

[skinny] 02/10/2012 07:06

Successful raising of £60.4 million to fund new PPP project acquisitions
On 7 September 2012, JLIF announced details of a proposed Issue of New Shares to fund the acquisition of a number of new projects. The Board of JLIF is pleased to announce today that the offer period for New Shares has now closed and that, on the basis of applications received through the Open Offer (and associated Excess Application Facility) and Offer for Subscription and orders taken through the Placing, 56,739,261 New Shares will be issued raising Gross Issue Proceeds of £60.4 million for the Company. The Issue was significantly oversubscribed, however, in accordance with the terms and conditions of the Issue, all applications made pursuant to Open Offer entitlements will be met in full.
The Net Issue Proceeds will be used to acquire two new projects and an additional stake in Forth Valely Royal Hospital (the "New Portfolio") from John Laing Group.

Application has been made for the 56,739,261 New Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities with effect from 8.00 a.m. on Friday, 5 October 2012. Thereafter JLIF will have a total of 510,653,349 shares issued and outstanding.

[jonwig] 26/9/2012 10:14

The feared clampdown on excessive PFI profits won't happen; minor makeover only:



This rather swung the balance, and I've asked for additional shares.

[daveofdevon] 13/9/2012 16:26

Yup, Friday 28th for me also. not so sure if I will go for excess. With most rights issues you save a lot on dealing costs and even more on stamp duty which is a nice little bonus. No stamp duty on these so not quite so tempting !

[skinny] 13/9/2012 16:10

Interesting - I have a deadline of noon 28th!

I'll probably go for an excess too.

[jonwig] 13/9/2012 16:09

Me too (T D Direct).
Deadline 26th.
Think I'll go for more than allocation.

[skinny] 13/9/2012 14:58

I've received the paper work today from HL.

[daveofdevon] 11/9/2012 11:14

My entitlement now showing as nil paid at Hargreaves Lansdown

[blueledge2] 10/9/2012 15:06

Me TD too.

[jonwig] 10/9/2012 14:32

As Skinny says, nor me [TD Direct]. At least a week I reckon.

[skinny] 10/9/2012 14:25

No - I would expect to hear sometime this week.

[blueledge2] 10/9/2012 14:21

Anyone had their entitlement yet?

[skinny] 07/9/2012 07:59

Thanks, I want to buy them through my SIPP which is with HL. Whilst they list some dollar denominated stocks, they don't list these - I'll give them a call.

BTW just for clarity - I actually meant CIFU.

[jonwig] 07/9/2012 07:44

T D Direct, but not in my ISA, so I have some tax to pay on the divis.
Also, I can keep cash in USD so I don't have the forex conversion to bother about.

[skinny] 07/9/2012 07:33

Jonwig - I notice you hold CIF - can I ask who do you hold them through?

[jonwig] 07/9/2012 07:15

Will probably take this one up, and make an excess application.

[skinny] 07/9/2012 07:03

Highlights

· Proposed capital raise of up to c. £60 million (gross) by way of an issue of New Shares at an Issue Price of 106.5 pence per New Share

· Proceeds of the Issue to be used to partly fund the acquisition of a new portfolio of three assets, being two new operational PPP investments and an increased stake in an existing project, together valued at £71.3 million from John Laing

· Two assets are located in the UK and one in the Netherlands

· In line with stated strategy of buying low risk, high quality operational assets and remaining fully seeded

· If there is a Further Third Party Acquisition, the number of Excess Shares available for subscription will be increased by the value of any such acquisition, up to a further £25 million (gross)

[jonwig] 03/9/2012 07:50

JLIF won't be involved at this building stage.
The 'parent company' John Laing does the building then sells the completed project to JLIF to manage.
So JLIF gets the lower-risk part of the project.

[blueledge2] 02/9/2012 20:16

George Osborne in £50bn private sector building vow.