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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pantheon Infrastructure Plc | PINT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.40 | -2.86% | 81.60 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 81.60 | 81.60 | 83.80 | 81.60 | 84.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 27/09/2023 | Interim | GBP | 0.02 | 05/10/2023 | 06/10/2023 | 27/10/2023 |
| 02/03/2023 | Interim | GBP | 0.01 | 09/03/2023 | 10/03/2023 | 31/03/2023 |
| 22/09/2022 | Interim | GBP | 0.01 | 06/10/2022 | 07/10/2022 | 28/10/2022 |
| Top Posts |
|---|
Posted at 09/4/2024 08:16 by mrscruff topvest, the thing is you never know what PINT would do, such as early sale of an asset or part of an asset at a higher price. Dividend growth is all in the ambitious plan and PINT are growth infrastructure so anything is possible... though rates will have to come down. And because revenue is more certain than traditional equity and as long as we have a growing NAV (and we do) then we are on track and taking on that extra "risk" of an uncovered divi should give PINT an edge. Diversification into INPP and BBGI is always good though. |
Posted at 03/4/2024 20:02 by topvest Results seem OK - Pantheon are a good investment manager and I have held PIN for many years. The problem I have with this is that the dividend won't be cash covered until expected realisations take place in 2026, so we have the whole of 2024 and 2025 to survive on the existing cash balance and £115m RCF. This will no doubt be OK, but its a bit of a constraint. At least they haven't drawn down any of the RCF yet. The dividend policy still looks a bit aggressive for an early stage company. It's only affordable if they get some exits away in 2 years time.I don't quite understand why the expected total return is 8-10% per annum (10.4% in 2023) but the weighted average discount rate of the portfolio is 13.6%. What is the difference? Ongoing charges are 1.35%. I am a holder rather than a buyer at this stage, as I'd rather focus more on alternatives with well covered dividends. This could be as good as 3i Infrastructure long-term though. |
Posted at 14/3/2024 15:10 by mrscruff I have contacted PINT and the buybacks will resume after the results on the 2nd of April. This is normal. Great to see strong total return with both NAV growth and dividend. Apologies for the previous post. |
Posted at 14/3/2024 14:26 by cc2014 lol. But why do you want to buy PINT at 75p when you can buy CORD at 70p? |
Posted at 14/3/2024 14:09 by mrscruff CC2024 are you nutts, quick buy PINT. You say you know DGI9 then have you seen how quality the holdings are and the growth in the digital sub sector that they cant sustain due to their debt, notably you will see excellent growth by private markets in these sectors. Seriously this is bargain. |
Posted at 16/12/2023 09:34 by cruelladeville Looking forward to great things from PINT. Discount is just not logical given the quality of assets owned. |
Posted at 27/9/2023 07:59 by jonwig H1 results.This is interesting. I've no problem with it, but I imagine the discount would be even steeper if they paid out only on cash cover - ... the interim dividend of 2p per share, the Company's dividend for H1 2023 is covered by earnings 1.6 times. From a cash perspective, the Company does not expect its dividend to be covered on a cash receipts basis in the short-term. The main reason for this is that the co-investment model means the Company does not have direct control of underlying distributions, and many of the Portfolio Companies consider the re-deployment of free cash flow into growth capex or M&A activity to be a more effective use of cash flow than making distributions in the current interest rate environment, and the relative immaturity of the Portfolio means that no investment exits are envisaged in the short-term. |
Posted at 14/9/2023 21:05 by cruelladeville Trying to find information on next dividend payment from PINT. It's not obvious what the next dividend is or when the shares are ex dividend and the payment made. I recall a 4p forecast dividend for this year. But for the last few months I've been unable to actually find anything definitive on this? |
Posted at 01/9/2023 14:30 by jonwig Possibly this?The Company is targeting an annual NAV total return of 8-10% and a dividend yield of 4% once fully invested. The 4% based on IPO of 100p. A feature is that they are minority investors in projects owned by larger groups. (Look for "sponsor" in the portfolio list.) |
Posted at 07/6/2023 09:04 by jonwig The research note from Quoted Data in March said:For its first accounting period, ending 31 December 2022, PINT was targeting a dividend of 2p per share, payable in two instalments. The first of these, a 1p dividend, was paid in October 2022 and a second 1p dividend has been declared and is payable on 31 March 2023. For its 2023 financial year the target is 4p per share and then the board will target a progressive dividend policy thereafter. Although at the end of December 2022 the company’s revenue account was in deficit (the revenue return for its first accounting period was -0.58p per share), shortly after listing the share premium account was cancelled and became a capital redemption reserve, from which dividends can be paid. As the portfolio matures, we would expect that all dividends will be covered from revenue after expenses. Their investments are intended for growth rather than steady income. It's worth subscribing (free) to Quoted Data and Kepler Trust Intelligence. Between them you get a lot of research on these kind of companies. |
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