We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sequoia Economic Infrastructure Income Fund Limited | SEQI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.20 | 1.56% | 78.00 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 78.10 | 77.30 | 78.20 | 78.00 | 76.80 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/10/2024 | Interim | GBP | 0.017188 | 24/10/2024 | 25/10/2024 | 22/11/2024 |
| 18/07/2024 | Interim | GBP | 0.017188 | 25/07/2024 | 26/07/2024 | 23/08/2024 |
| 18/04/2024 | Interim | GBP | 0.017188 | 25/04/2024 | 26/04/2024 | 23/05/2024 |
| 17/01/2024 | Interim | GBP | 0.017188 | 25/01/2024 | 26/01/2024 | 29/02/2024 |
| 13/10/2023 | Interim | GBP | 0.017188 | 26/10/2023 | 27/10/2023 | 24/11/2023 |
| 20/07/2023 | Interim | GBP | 0.017188 | 27/07/2023 | 28/07/2023 | 25/08/2023 |
| 20/04/2023 | Interim | GBP | 0.017188 | 27/04/2023 | 28/04/2023 | 26/05/2023 |
| 19/01/2023 | Interim | GBP | 0.017188 | 26/01/2023 | 27/01/2023 | 24/02/2023 |
| 19/10/2022 | Interim | GBP | 0.015625 | 27/10/2022 | 28/10/2022 | 25/11/2022 |
| 20/07/2022 | Interim | GBP | 0.015625 | 28/07/2022 | 29/07/2022 | 26/08/2022 |
| Interim | GBP | 0.015625 | 28/04/2022 | 29/04/2022 | 27/05/2022 | |
| Interim | GBP | 0.015625 | 27/01/2022 | 28/01/2022 | 04/03/2022 | |
| Interim | GBP | 0.015625 | 28/10/2021 | 29/10/2021 | 03/12/2021 | |
| Interim | GBP | 0.015625 | 29/07/2021 | 30/07/2021 | 06/09/2021 | |
| Interim | GBP | 0.015625 | 29/04/2021 | 30/04/2021 | 08/06/2021 | |
| Interim | GBP | 0.015625 | 28/01/2021 | 29/01/2021 | 05/03/2021 | |
| Interim | GBP | 0.015625 | 22/10/2020 | 23/10/2020 | 27/11/2020 | |
| Interim | GBP | 0.015625 | 23/07/2020 | 24/07/2020 | 28/08/2020 | |
| 16/04/2020 | Interim | GBP | 0.015625 | 23/04/2020 | 24/04/2020 | 22/05/2020 |
| 16/01/2020 | Interim | GBP | 0.015625 | 23/01/2020 | 24/01/2020 | 21/02/2020 |
| Top Posts |
|---|
Posted at 06/12/2024 13:38 by gemlotte55 I've emailed Seqi to see if they will rectify.I hold seqi within my sipp through Hargreaves and want dividends to be reinvested, so bit of a pain. |
Posted at 06/12/2024 13:28 by gemlotte55 Thank you for your email.Some issuers (including Sequoia Economic Infrastructure Income Fund (SEQI)) have taken the decision to remove their investment charges from our website Following an update by the FCA Meaning they were no longer obliged to breakdown their full costs and charges on their Key Investor Document. HL have taken the business position that any Investment Trusts that populate their ongoing costs as nil will be updated to sales only. As a distributor of these investments, HL are required to consider consumer duty regulation and have taken the position that any issuers that decide to remove the charges from their EMT will be made sales only as it’s not a reasonable representation of the costs of managing the trust. I hope this has been of assistance. Kind regards Paul Biggs Hargreaves Lansdown |
Posted at 05/12/2024 13:16 by red ninja Boystown,HL only recently put in a block in buying SEQI as I have bought SEQI several times through HL in the last month. They have also done the same thing with OCI. |
Posted at 05/12/2024 12:44 by cocopah Decent set of results, no surprises and in line with what we already knew from their informative and accurate monthly updates.Looks like dividends will remain unchanged for the foreseeable future, with buybacks continuing on a strategic basis. Divi cover of 1.06 means it is unlikely we will see hike in the dividend. Of course the benefit of buybacks supporting the share price results in a smaller market cap as they have pointed out which makes dividend growth more difficult. It remains a solid hold for me and IMHO it’s a well-run operation. |
Posted at 05/12/2024 09:11 by red ninja It's a top 10 holding for me too, I've been accumulating in this recent depressed share price spell.When interest rates eventually trend down I expect that to be good for SEQI share price. DYOR |
Posted at 05/12/2024 07:26 by parob Sequoia H1 NAV per share 95.03p at Sept 30, up 1.3% from 93.77p in MarchDividend yield 8.6% |
Posted at 15/11/2024 12:28 by cocopah Decent NAV and investments update. Now at c200m shares bought back (11% of original share base). Bulb capital all but reclaimed and outstanding interest to be paid too. Not sure of the mark-down on the Clyde St sale but based on Bulb IMHO I expect more will be received in the future. A nod to credit spreads being stable and no debt outstanding on the RCF. Not much to argue with, SEQI is just a bit unloved atm. 🤷a |
Posted at 31/10/2024 08:59 by cocopah Hmm … as I feared Wednesday’s muted reaction has turned into a sour Thursday. I am consoling myself with the knowledge that SEQI is fundamentally sound and a long-term divi holding. Some of the rest of my portfolio looks even less clever. 🫣🙄 |
Posted at 17/10/2024 15:53 by cocopah #gemalotte55 I asked Steve Cook a while ago whether they would increase the dividend and he was focused on more share buybacks. I think Randall Sandstrom was an advocate of increasing the dividend but this has not happened since earlier this year. As we approach 200m shares in share buybacks, I would hope to see some movement on the dividend front in 2025 but I guess that for the time being they will continue to use buybacks in an attempt to narrow the share price discount. Of course, it will also depend upon interest rate movements so we will have to wait-and-see. 🤷a |
Posted at 17/7/2024 13:39 by cocopah Stifel analysts lift Sequoia Economic Infrastructure to ‘buy’ from ‘hold’ with £1.5bn debt fund trading below asset value and announcing a California licence two weeks before a continuation.Broker Stifel has upgraded Sequoia Economic Infrastructure (SEQI) from ‘hold’ to ‘buy’ ahead of its 1 August continuation vote as the £1.5bn debt fund wins a California lending licence. Stifel analysts Iain Scouller, Sachin Saggar and Will Crighton said the shares’ wide 16% discount to net asset value was ‘attractive The board chaired by James Stewart faces the three-yearly continuation vote on 1 August, which the three analysts expect to pass, but noted that a ‘sweetenerR The company returned £88m to shareholders in the year to 31 March through buybacks, but these made little impact on the discount, suggested more was necessary, they said. The largest shareholders include Investec, Fidelity and Gravis Capital, with respective stakes of 9.5%, 3.6% and 3.1%, according to Refinitiv data. ‘Even if no proposals along these lines materialise, we think the shares are attractive at current levels. We upgrade our recommendation to Buy with a fair valuation of 86p, a 10% discount to NAV. Clients focused on income should also note the shares are expected to go ex-dividend by 1.72p next week,’ the analysts said. The upgrade came as the board announced the fund’s wholly-owned subsidiary, Sequoia IDF Holdings, had received a finance lender license under the Californian Financing Law, increasing the number of opportunities in the Western US state and giving an advantage over non-licenced lenders. California is one of the largest and fastest-growing markets for infrastructure finance in the US and were it a country, it would rank as the world’s fifth largest economy, the investment company said. Target sectors in the state include energy transition, digitalisation and transport infrastructure. The shares rose 1.2% to 81.53p on Tuesday, putting them on a 14% discount to the June net asset value of 95.29p. Under fund managers Randall Sandstrom and Steve Cook, NAV per share gained 0.99p to 95.29p in June, driven by interest income, asset valuations and the buybacks. The portfolio consists of 54 private debt investments and two infrastructure bonds spread 52% in North America, 27% UK, 21% Europe and 0.1% in Australia and New Zealand. Over 94% of assets are in private debt on which it can charge a higher yield to reflect their illiquidity, while 41.5% is in floating rate loans whose coupons rise and fall in line with interest rates. Sandstrom and Cook said yields on benchmark five-year government bonds softened 0.1% in Europe, where interest rates were cut last month, and by 0.2% in the US and UK, where central banks are poised to follow suit. With the fund’s loans, particularly in the energy and utilities sectors, narrowing their yield spread to government bonds, the net effect was a rise in prices. ‘In keeping with this, the pull-to-par has also reduced from 3.8 pence per share in May 2024 to 3.7 pence per share in June 2024,’ they said. The pull-to-par is when the price of a bond, or loan, that has fallen bounces back to its launch price as it approaches its repayment date, assuming there are no write-downs or hits to their value. They emphasised that inflation falling back down to central banks’ 2% targets would steady credit markets, while the long-term outlook on inflation and base rates would prove a tailwind as falling rates typically increase asset valuations. Since launch in March 2015, the portfolio has delivered total returns of 67%, according to Morningstar. On an annual basis, the board believes it has outperformed long-term benchmarks including the global high yield bond sterling-hedged ETF by 3.9% over its life with less volatility, the Stifel analysts pointed out. Sequoia’s shareholder returns total 33%. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
