Sequoia Economic Infrast... Share Price (SEQI)

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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
  0.60 0.57% 106.00 2,196,591 09:00:13
Bid Price Offer Price High Price Low Price Open Price
105.80 106.00 106.00 105.80 106.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -65.36 -5.03 1,869
Last Trade Time Trade Type Trade Size Trade Price Currency
09:48:35 O 14,177 105.811 GBX
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Sequoia Economic Infrast... (SEQI) Latest News

Sequoia Economic Infrast... News

Date Time Source Headline
31/3/202116:45UKREGSequoia Economic Infra Inc Fd Ld Total Voting Rights
25/3/202113:24UKREGSequoia Economic Infra Inc Fd Ld Holding(s) in Company
25/3/202110:25UKREGSequoia Economic Infra Inc Fd Ld Holding(s) in Company
12/3/202107:00UKREGSequoia Economic Infra Inc Fd Ld NAV and Investment Update
10/3/202107:00UKREGSequoia Economic Infra Inc Fd Ld SFDR Article 8 Classification
08/3/202116:27UKREGSequoia Economic Infra Inc Fd Ld Holding(s) in Company
03/3/202111:02ALNCSequoia Economic raises GBP110 million for debt repayment
03/3/202107:00UKREGSequoia Economic Infra Inc Fd Ld Result of Placing and Total Voting Rights
01/3/202107:00UKREGSequoia Economic Infra Inc Fd Ld Issue of Shares
23/2/202108:40ALNCSequoia Economic To Raise GBP173 Million For Debt Repayment
More Sequoia Economic Infrast... News
Sequoia Economic Infrast... Investors    Sequoia Economic Infrast... Takeover Rumours

Sequoia Economic Infrast... (SEQI) Discussions and Chat

Sequoia Economic Infrast... Forums and Chat

Date Time Title Posts
21/3/202113:24Sequoia Economic Infrastructure Income Fund117

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Sequoia Economic Infrast... (SEQI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:48:36105.8114,17715,000.83O
08:47:19105.9039,30041,618.70O
08:33:59105.855,0005,292.63O
08:32:30105.90935990.17O
08:31:57105.902,0002,118.00O
View all Sequoia Economic Infrast... trades in real-time

Sequoia Economic Infrast... (SEQI) Top Chat Posts

DateSubject
14/4/2021
09:20		Sequoia Economic Infrast... Daily Update: Sequoia Economic Infrastructure Income Fund Limited is listed in the General Financial sector of the London Stock Exchange with ticker SEQI. The last closing price for Sequoia Economic Infrast... was 105.40p.
Sequoia Economic Infrastructure Income Fund Limited has a 4 week average price of 102p and a 12 week average price of 102p.
The 1 year high share price is 112.60p while the 1 year low share price is currently 94.80p.
There are currently 1,763,120,710 shares in issue and the average daily traded volume is 2,173,743 shares. The market capitalisation of Sequoia Economic Infrastructure Income Fund Limited is £1,868,907,952.60.
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21/3/2021
13:24		cocopah: Speedsgh ... interesting that the corporation tax changes are seen as being neutral for SEQI, the NAV is holding up well ... yet the premium has completely disappeared. I know the capital raising was disappointing however SEQI seems out of favour atm.🤷‍♂️
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12/3/2021
11:05		speedsgh: NAV increased from 101.23p to 102.04p... NAV and Investment Update - HTTPS://www.londonstockexchange.com/news-article/SEQI/nav-and-investment-update/14897527
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11/3/2021
17:11		cocopah: Following the RNS does anyone have a view on the likely impact on the share price of the choice SEQI has made to have investments classified under Article 8? I have noted the Articles below for reference ... - Article 9, or dark green, which applies to products that have sustainable objectives; - Article 8, or light green, which covers financial products that promote environmental or social characteristics as part of the broad investment strategy; - Article 6, or grey, which applies to products that either consider ESG risks as part of the investment process or are explicitly declared as non-sustainable.
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03/3/2021
07:42		speedsgh: £110m raised in the placing against a target of up to £172.9m... Result of Placing and Total Voting Rights - HTTPS://www.investegate.co.uk/sequoia-econ-infra--seqi-/rns/result-of-placing-and-total-voting-rights/202103030700079322Q/
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23/2/2021
16:21		cocopah: I don’t understand why the offer price has been made below the current share price. Additionally and on a different matter it looks as if the lending to Madrid Metro is not as lucrative as some of the earlier deals. Answers on a postcard please! 😜
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23/2/2021
10:58		gateside: They were happy to let PI's buy at 112p last year.Now it's offered at the reduced price 105.25p it's financial institutions only.PI's shafted again!
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23/2/2021
09:39		apollocreed1: How terrible! They never stop with their dilutive share issues. Lines managements' pockets but bad for shareholders. SEQI was 120p over a year ago and many holders bought at 112 at the last funding or above, but they're happy to keep beating down the share price.
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19/8/2020
15:00		ukneonboy: Although I liked the article recommending SEQI in the Daily Telegraph about a month ago I'm starting to think that SEQI shares are starting to look a bit expensive (over priced) at 109p each. Latest declared Net Asset Value 98p each which implies a 10.7% premium to Net Asset Value. Think I'm going to sell and wait for the SEQI share price to fall back to nearer the N.A.V before re-buying.
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13/7/2020
10:39		robow: here it is from the DT Questor: our ‘lending money to bridges’ fund is doing just what we hoped of it Questor Income Portfolio: the Sequoia Economic Infrastructure Income portfolio doesn’t expect Covid-19 to blow its dividend off course By Richard Evans 10 July 2020 • 6:00am Several of the recent additions to our Income Portfolio have issued updates in recent weeks. All were bought with the intention to make our income more secure. Is our strategy working? We’ll cover some of these updates in the coming weeks and will start with the Sequoia Economic Infrastructure Income fund. This trust, known as Seqi, is unusual in that it makes money from interest on loans advanced to the owners of infrastructure assets such as bridges. As these assets themselves tend to generate stable incomes, the trust’s dividends will, we hope, prove far more reliable than those in other parts of the market, where coronavirus has taken such a toll. The signs are good. In May last year the trust increased its annual dividend target from 6p to 6.25p a share, and in the annual report for the year to March the board said it expected, in the “absence of any significant restricting factors”, to pay that amount “for the foreseeable future”. It said it had carried out a “comprehensive portfolio and balance sheet review” in light of “exceptional market volatility arising from the Covid-19 pandemic and oil price collapse”. Its assessment of cash yields allowed the “reaffirmation of dividend cover and target for the financial year ending March 31 2021”. The actual dividend paid for the past financial year was 6.1875p, which reflects the fact that the target was raised part way through that year. We are, as always, less concerned about the value of a trust’s assets, which can be expected to wax and wane in a way that we hope dividends will not. The portfolio’s net asset value per share fell from 103.41p to 96.69p over the financial year as a result of the downturn in the financial markets generally, including those markets used by the trust’s independent valuation agents as pricing benchmarks for its assets. Once dividends were taken into account, the trust’s total return on the basis of net asset value over the year was minus 0.9pc. Although the trust does not expect the pandemic to affect its ability to pay the dividend, it has modified its investment strategy in response to the crisis. In a move that this column finds reassuring, the board said there had been a “redirection of the investment adviser’s resources from origination to enhanced credit and portfolio monitoring” – in other words, for now it is paying less attention to investing in new loans and more to making sure that its existing ones do not get into trouble. The managers are keeping at least one eye on possible new holdings for the portfolio, however. While the trust said it had imposed restrictions “on certain new investments”, this was done with a view to “preservation of balance sheet capacity to take advantage of difficult market conditions and opportunities to invest in new loans on attractive terms”. It explained that “in the current environment there is the possibility that a number of high-quality economic infrastructure investments will appear on the secondary market at attractive prices”. The secondary market is where lenders that originated loans sell them on to other investors. “As the company slowly ramps up deployment of its cash as the market improves, these opportunities could be a significant source of [outperformance] without sacrificing credit quality,” it added. Even if we assume that the global economy can recover well from the pandemic there is concern that vastly increased government spending across the world will stoke inflation. We can take comfort from the fact that 70pc of Seqi’s portfolio consists of “floating-rate investments”, which means that it will receive higher rates of interest on its loans if interest rates generally rise. Another positive development is that the ongoing charges ratio for the year to March was 0.96pc, compared with 1.02pc the previous year. We see this as reasonable in view of the detailed research needed before money is invested in assets of this type. This trust is doing what we hoped of it and we will hold. Questor says: hold Ticker: SEQI Share price at close: 104p
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14/2/2020
10:46		speedsgh: Looking to raise an initial £250m gross at 112p... Initial Issue targeting £250 million and Share Issuance Programme - HTTPS://www.investegate.co.uk/sequoia-econ-infra--seqi-/rns/initial-issue-and-share-issuance-programme/202002100700054066C/ Further to the announcement on 20 January 2020, the Board of Directors of SEQI (the "Board"), the specialist investor in economic infrastructure debt, is pleased to announce a proposed partially pre-emptive issue of Ordinary Shares seeking to raise £250 million of gross proceeds before expenses (the "Gross Issue Proceeds"), equivalent to up to 223,214,285 new ordinary shares of no par value (the "New Ordinary Shares"). The Board have determined that the New Ordinary Shares will be issued at a price of 112.0 pence per New Ordinary Share (the "Issue Price") (the "Initial Issue"). The Board recognises the importance of pre-emption rights to Ordinary Shareholders. Accordingly, 184,908,574 New Ordinary Shares are being initially offered to Qualifying Shareholders by way of the Open Offer pursuant to which they will be entitled to apply for 2 New Ordinary Shares for every 15 existing Ordinary Shares held at 6.00 p.m. on 6 February 2020 (the "Record Date"). The balance of the New Ordinary Shares, together with any New Ordinary Shares not taken up by Qualifying Shareholders under the Open Offer, will be made available under the Placing and/or Offer for Subscription of New Ordinary Shares. The Company intends to use the proceeds raised from the Initial Issue (less expenses) (the "Net Issue Proceeds") to repay the drawn commitments under its £280 million Revolving Credit Facility ("RCF"). As at 31 December 2019, the Group had outstanding drawings on its RCF of £224 million and cash of £56.8 million, resulting in net leverage of £167.2 million. In addition, the Company had undrawn commitments on existing investments collectively valued at £92.7 million. Any Net Issue Proceeds raised in excess of the amount drawn or committed under its RCF are expected to be deployed into the Company's near term pipeline of in excess of £380 million of investment opportunities, in accordance with the Company's Investment Policy. The Company has also proposed to implement a share issuance programme for up to a maximum of 300,000,000 additional Ordinary Shares (the "Share Issuance Programme") excluding the target amount of shares available under the Initial Issue. The Share Issuance Programme is being created to provide the Company with flexibility should it wish to raise further capital over the next 12 months to either repay any future drawn down funds under the RCF or to directly invest in new investment opportunities. Robert Jennings, Chairman of SEQI commented: "The fundraise announced builds on a successful period over the current financial year. The Board is encouraged by the Net Asset Value per share progression and by the quality and depth of our investment pipeline. In May last year the Board were able to increase our dividend reflecting our Net Asset Value per share at that time. If current trends continue, we will again review our target payout early in the coming financial year. This is appreciably sooner than we had previously expected."
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