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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sequoia Economic Infrastructure Income Fund Limited | LSE:SEQI | London | Ordinary Share | GG00BV54HY67 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.90 | 2.38% | 81.60 | 2,993,370 | 16:35:11 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 80.30 | 81.00 | 81.00 | 80.00 | 80.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 131.92M | 110.43M | 0.0691 | 11.72 | 1.27B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:11 | UT | 1,043,123 | 81.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 24/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 23/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 22/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 18/7/2024 | 11:43 | ALNC |  Sequoia Economic Infrastructure Income secures GBP300 million loan |
| 18/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Dividend Declaration |
| 18/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Refinancing of Revolving Credit Facility |
| 17/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 16/7/2024 | 18:35 | ALNC | TRADING UPDATES: Journeo wins deals; Strip Tinning earnings warning |
| 16/7/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Californian License |
Sequoia Economic Infrast... (SEQI) Share Charts1 Year Sequoia Economic Infrast... Chart |
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1 Month Sequoia Economic Infrast... Chart |
Intraday Sequoia Economic Infrast... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/7/2024 | 17:03 | Sequoia Economic Infrastructure Income Fund | 479 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:11 | 81.60 | 1,043,123 | 851,188.37 | UT |
| 2024-07-26 15:29:50 | 80.93 | 12,000 | 9,711.04 | O |
| 2024-07-26 15:29:50 | 80.87 | 3,500 | 2,830.59 | O |
| 2024-07-26 15:29:27 | 81.00 | 2,868 | 2,323.08 | AT |
| 2024-07-26 15:27:59 | 80.80 | 2,446 | 1,976.37 | AT |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 by Sequoia Economic Infrast... Daily Update Sequoia Economic Infrastructure Income Fund Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker SEQI. The last closing price for Sequoia Economic Infrast... was 79.70p.Sequoia Economic Infrast... currently has 1,598,210,587 shares in issue. The market capitalisation of Sequoia Economic Infrast... is £1,294,550,575. Sequoia Economic Infrast... has a price to earnings ratio (PE ratio) of 11.72. This morning SEQI shares opened at 80p |
Posted at 22/7/2024 14:14 by cocopah #chucko1 I’m not lacking ambition, I’d love to have 8p (2p a quarter)! However the reality is they will probably only be able to maintain a reasonable dividend cover for 7p … if they choose to do so. Last time I reached out to Steve Cook, he was good enough to reply and intimated that for the foreseeable future investor returns would be focused on maintaining the share buybacks. 😎 |
Posted at 17/7/2024 16:54 by cocopah For those that missed it, I thought you might be interested in the update I shared in the post below.⬇ᥧIt always makes me laugh when they talk about “investor returns through buybacks” … in reality, it’s just shoring-up the share price (which hasn’t exactly gone to plan!). In fairness, we would probably be looking at a discount of twenty to thirty pence per share if the buybacks hadn’t been in place. I can’t see them offering a tender … but I would appreciate an affordable 7p per annum dividend! We can but hope. |
Posted at 17/7/2024 14:39 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%. |
Posted at 13/6/2024 16:56 by cocopah Seems as if the recent surge in bond yields is hurting the share price again. Think it’s a bigger issue in the USA … but I’m not sure that the two main parties over here are doing anything positive to suggest borrowing will not expand. On a different topic, I have submitted a question for the meeting, asking when/if the dividend will be increased. |
Posted at 10/6/2024 19:30 by cocopah Surprised at the recent negative share price action. The buybacks have all been of a lower amount until today (presumably they are using all spare income to purchase shares as when the income arrives). Including the original shares which were cancelled I make it somewhere in the region of 12% of shares have now been removed from the market. Admittedly the bond markets have been a bit topsy-turvy but one would hope that the share price starts to improve sooner rather than later. As far as I know there have been no more negative developments on asset quality. 🤔 |
Posted at 29/4/2024 07:28 by cocopah Having bought back just over 9.5% of total shares in issue and held them in treasury the company has now cancelled all these shares … and continues to buyback and add to treasury. Presumably the hope is that by permanently cancelling the shares it will put a floor under the share price. Still hoping for a divi increase here though. 🤔 |
Posted at 28/3/2024 07:17 by cocopah 8.7% of shares in Treasury now, golden star in the long-term chart, good risk management of NPLs, tight run ship on costs … yes interest rates higher for longer doesn’t help the share price but positive on income. |
Posted at 15/3/2024 16:37 by cocopah Yes, we are nearly at 8.5% of issued shares now in treasury, so one would expect an improvement in the share price. However, one only has to look at BP to see that share buybacks do not always deliver! Definitely very good news on the Bulb investment and of course we could earn more from the technology. I was surprised that there was no news at all about the hotel in Scotland that is underwater. At the previous update they said that the improvements involved would offset the issue with the hotel but no commentary on it today at all? I still believe this is a quality investment and as a long-term holder I’m very happy with the due diligence being applied to lending and the frugal approach to costs. Let’s hope we see some upward momentum on the share price! |
Posted at 04/3/2024 15:45 by cocopah 8.05% of issued shares now held in treasury, seem to have added impetus to the ‘daily’ buyback (used to be c600,000 shares, now 850,000), good news on Bulb (slightly offset by the hotel in Scotland) … the BOD must be staggered that the share price isn’t 85p+ now! 🤷a |
Posted at 20/2/2024 13:21 by cocopah I emailed the MD (as you know they run a tight ship so no investor comms dept) to ask if a review of shareholder returns was in the pipeline. He replied the same day, obviously couldn’t be specific but from his reply I think they will simply keep on with the share buybacks focusing on reducing the NAV discount (in as much as that is possible whilst interest rates remain elevated). I’m happy with that tbh and we now have roughly 8% of issued share capital in treasury so I expect that to increase to 10%. Lots of execs have skin in the game above 80p so I guess if they can get the share price to the mid 80s that will be the short-term goal. 🤔👍&# |
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