Sequoia Economic Infrast... Share Discussion Threads

[cocopah] 12/12/2024 17:22

#adam yes, I like the cut of their jib. It’s a well run ship with smart guys in charge. Pretty tight on costs too and laser-like focus on NPLs. Barclays has just up their target to 97p. Definite hold and add for me.

[adam] 12/12/2024 09:46

Their presentation was very impressive. I like their risk management and the liquidity arbitrage.

[zeppo] 10/12/2024 18:49

Up against the market!!

[gemlotte55] 06/12/2024 13:38

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.

[gemlotte55] 06/12/2024 13:28

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

[spangle93] 05/12/2024 16:01

Kepler view, in recent podcast re-results

[williamcooper104] 05/12/2024 13:33

Love that on HL you can't buy HODL (normal BTC ETF) but you can of course buy MSTR - a mega levered BTC close ended fund trading at a huge premium to NAV

[red ninja] 05/12/2024 13:16

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.

[cocopah] 05/12/2024 12:44

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.

[chucko1] 05/12/2024 12:02

It seems that HL is currently the only platform who claim to have no sight of the KIID. For me, it's essential to have multiple platforms in order to retain control at all times.

[boystown] 05/12/2024 11:51

I just tried to get some of these with Hargreaves as a reasonably safe home for a c.8.5% yield and steady capital growth - but got the following message:

"This stock is currently unavailable to buy. Regulation requires HL to display information about costs and charges, but we don’t have access to this information at the moment. You can hold or sell any existing shares, but you can't currently buy more."

Can anyone advise?

[red ninja] 05/12/2024 09:11

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

[chucko1] 05/12/2024 07:52

Largest holding for me, this one.

[williamcooper104] 05/12/2024 07:36

Yep Boring is what we want

[parob] 05/12/2024 07:26

Sequoia H1 NAV per share 95.03p at Sept 30, up 1.3% from 93.77p in MarchDividend yield 8.6%

[gemlotte55] 05/12/2024 07:12

Results out, steady as she goes

[chucko1] 29/11/2024 18:37

But have a look at the NESF bb - there is a thought that the rapid selling in the last hour of trading was some sort of desperate reversal by a particular seller.

[panshanger1] 29/11/2024 17:08

NESF had another bad day though !!there are some amazing opportunities around in this area though The question is which have the best risk / reward profile atm

[return_of_the_apeman] 29/11/2024 16:49

Finally some green shoots of sanity starting to return to this and other ITs

[panshanger1] 29/11/2024 16:08

Decent bounce off the recent lows here

[zeppo] 15/11/2024 13:51

Added yesterday.

I love it!

[cocopah] 15/11/2024 12:28

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. 🤷‍a94;️