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SEQI Sequoia Economic Infrastructure Income Fund Limited

77.00
-0.40 (-0.52%)
17 Mar 2025 - Closed
Delayed by 15 minutes
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
  -0.40 -0.52% 77.00 1,449,312 16:29:56
Bid Price Offer Price High Price Low Price Open Price
76.80 77.20 77.80 77.00 77.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 131.92M 110.43M 0.0730 10.55 1.17B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 UT 122,660 77.00 GBX

Sequoia Economic Infrast... (SEQI) Latest News (3)

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

Sequoia Economic Infrast... Forums and Chat

Date Time Title Posts
09/3/202511:00Sequoia Economic Infrastructure Income Fund586

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

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:1677.00122,66094,448.20UT
16:28:4776.908061.52O
16:28:4677.10803619.11O
16:28:4677.001,6641,281.28AT
16:28:4677.001,7291,331.33AT

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

Top Posts
Posted at 17/3/2025 08:20 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 77.40p.
Sequoia Economic Infrast... currently has 1,512,406,607 shares in issue. The market capitalisation of Sequoia Economic Infrast... is £1,164,553,087.
Sequoia Economic Infrast... has a price to earnings ratio (PE ratio) of 10.55.
This morning SEQI shares opened at 77.60p
Posted at 09/3/2025 11:00 by spangle93
Kepler article on infrastructure, featuring SEQI
Posted at 20/2/2025 09:50 by red ninja
SEQI featured today in Shares Magazine (20/2/25) article :-

Note, SEQIs chart figures in box section "These Ones Haven't Started Moving Yet"

"
MORE INVESTMENT IS NEEDED

Infrastructure and renewable companies benefit from strong structural growth drivers such as increasingly urbanisation, the transition to net zero emissions and the digital revolution.

Many countries around the world need to upgrade their infrastructure: the OECD (Organisation for Economic Cooperation and Development) estimates £5 trillion of investment is required every year from now to 2030 to develop and support the world’s infrastructure needs.

Randall Sandstrom, chief executive and chief investment officer of Sequoia Economic Infrastructure Income (SEQI), comments: ‘There is currently a significant requirement for infrastructure developments, particularly in our core geographies of the US, UK and Europe.

‘However, there is a shortfall between the capital that traditional lenders can provide and the requirements of many infrastructure projects. SEQI fills this real and persistent funding gap.’
"
Posted at 19/2/2025 19:38 by chucko1
The solution is to have both HL and ii. So when HL go barmy as they have done with this whole IT costs issue, I have ii to take the strain of things like SEQI. Also, ii are far more efficient when it comes to corporate events, paying due cash and enabling trading again.

That said, whoever makes these sorts of decisions at HL is a cretin.
Posted at 19/2/2025 16:42 by spangle93
Totally agree - I'm split between Charles Stanley direct, and HL. The HL navigation and features are so much better than CSD, e.g. goodness knows where I'd find bonds on CSD. If you don't accept a price within 15 seconds, CSD also makes you start the buy/sell process (tick to say you've read T&C, KIIDs, insert password) again, which is irritating, compared to HL where you just hit requote.

But CSD didn't have problems with me buying companies like SEQI, they're cheaper for a full service provider than HL, customer service is less patronising than HL, and they also offer £50 of free trades every few months.
Posted at 13/2/2025 08:50 by nickelmer
BBGi had the same problems, not that they are a debt fund, but infrastructure, I kept buying them and then one day they get taken out at a much higher price, if the price of SEQi stays this low for a long period I would guess that either they receive a take out offer, management decides to take them private at a premium to whatever the share price might be, or they could simply return all cash to shareholders once all loans are repaid which takes them to NAV (94p) again at a much higher price than today, hence, i keep buying these
Posted at 15/1/2025 22:29 by value hound
Interesting article from the IC's "Ideas Farm":

--

The curious case of infrastructure debt trusts

Investors are tarring infrastructure debt with the equity brush

As an asset class, ‘infrastructure’ evokes images of strength, from concrete and cables to tunnels and turbines. But for three years, its price foundations have steadily crumbled.

Just cast an eye over Winterflood’s daily round-up of the UK’s investment trust sector. If it traded at book value, the renewable energy grouping would be worth £12bn, not £8bn. Energy efficiency names sit at an inefficient 42 per cent below net asset value (NAV). Battery storage plays fare worse.

While some of these discounts might be explained by the dashed hopes of the 2020-21 environmental, social and governance (ESG) boom era (not to mention a dramatic shift in borrowing costs), even vanilla infra-funds look horrible, with both the ‘social’ and ‘economic̵7; sub-sectors trading about a quarter below their book value.

We might attribute equity stake markdowns to the impact of higher finance costs, rising real-world risks and investor uncertainty over where underlying asset values will land. But it doesn’t explain why the infrastructure debt sector appears to have been tarred with the same brush.

So here’s a good question, courtesy of reader Alastair: why has the infra-debt discount endured, while several members of the credit, loans and bonds sector held value? He cites the 16 per cent discount on Sequoia Economic Infrastructure Income (SEQI), at a time when Invesco Bond Income Plus (BIPS) trades at a slight premium, as an example of the discrepancy.

SEQI has a lot going for it. It’s well diversified by geography, sector and number of loans. The average equity cushion for the subsidiaries it lends to is 37 per cent, meaning the average asset would need to go belly up before writedowns get painful. Indeed, past precedent suggests infrastructure credit providers typically recover more from defaults than ordinary corporate lenders.

The combination of weak bank financing, cash-strapped public coffers, and massive demand means SEQI’s self-sourced investment pipeline is strong. Capital spending is again in vogue.

If private credit really is as appetising as logic would suggest, it’s hard to see why investors should apply a haircut to the £1.2bn fund.

Liquidity is clearly a factor. Many of BIPS’ high-yielding fixed-income holdings can be bought and sold on Hargreaves Lansdown. Even the type of loans that a private credit trust like CVC Income & Growth (CVCG) trades in and out of are relatively liquid. SEQI, by contrast, holds to term.

However, illiquidity means different things to different assets. Unlike private equity, SEQI’s realisation events are contractual. Unlike real estate, valuations are less determined by market forces.

Liquidity aside, Winterflood research analyst Shavar Halberstadt suggests that the sector’s discounts can largely be attributed to a “higher incidence of defaults and write-downs”. The latter might be true of peer GCP Infrastructure Investments (GCP), whose 35 per cent discount reflects attempts to sell chunks of its concentrated portfolio. But SEQI, by contrast, has seen its NAV climb around 13 per cent since March 2022, to 94.9p. A fully covered dividend yield of 8.7 per cent also implies otherwise.

Matt Dimond, head of client capital at SEQI’s investment adviser, SIMCo, points to two other forces. First is the allure of highly liquid government bonds, which continues to drain a big source of investor capital. In response, buybacks – while a sign of confidence – haven’t 'moved the needle' on price.

Second, nerves. “In terms of sustained externalities and pressures [on investor decision-making], we’ve never seen this level of uncertainty,” Dimond notes. But while sentiment is the price of any public market, it ultimately doesn’t change the fundamentals.
Posted at 12/1/2025 09:48 by cocopah
When the gilt rates settle a bit the share price will continue its revival. The relentless focus on the share buyback helps too. Fundamentals are good here, so it’s a case of hold and enjoy the dividends IMHO.
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 02/8/2024 15:32 by zeppo
Wall St and Footsie down heavily as is SEQI share price

Earlier we were up on the interest rate reduction but now???
Posted at 30/7/2024 08:37 by cocopah
#chucko1 only my opinion, however I think that the share price was headed southwards (on the back of the interest rate rises like most other ITs) before the buyback decision. The Bulb issue did not help.

Now we appear to be in a much healthier position. 12% of the share base has been repurchased (and c10% of the share base has been cancelled). When we get towards 15% I wouldn’t e surprised if the remaining 5% are cancelled.

The Bulb issue is resolved and management have upped their game on due diligence. The smart move to buy interest rate swaps at 7% will continue to benefit us. Daily buyback volumes are prudent so money spent is not wasted at too high a purchase price.

The share price has positively crossed the 50 day moving average.

I remain positive but DYOR as always. 😎
Sequoia Economic Infrast... share price data is direct from the London Stock Exchange

Sequoia Economic Infrast... Frequently Asked Questions (FAQ)

What is the current Sequoia Economic Infrast... share price?
The current share price of Sequoia Economic Infrast... is 77.00p
How many Sequoia Economic Infrast... shares are in issue?
Sequoia Economic Infrast... has 1,512,406,607 shares in issue
What is the market cap of Sequoia Economic Infrast...?
The market capitalisation of Sequoia Economic Infrast... is GBP 1.17B
What is the 1 year trading range for Sequoia Economic Infrast... share price?
Sequoia Economic Infrast... has traded in the range of 74.10p to 83.90p during the past year
What is the PE ratio of Sequoia Economic Infrast...?
The price to earnings ratio of Sequoia Economic Infrast... is 10.55
What is the cash to sales ratio of Sequoia Economic Infrast...?
The cash to sales ratio of Sequoia Economic Infrast... is 8.83
What is the reporting currency for Sequoia Economic Infrast...?
Sequoia Economic Infrast... reports financial results in GBP
What is the latest annual turnover for Sequoia Economic Infrast...?
The latest annual turnover of Sequoia Economic Infrast... is GBP 131.92M
What is the latest annual profit for Sequoia Economic Infrast...?
The latest annual profit of Sequoia Economic Infrast... is GBP 110.43M
What is the registered address of Sequoia Economic Infrast...?
The registered address for Sequoia Economic Infrast... is 1 ROYAL PLAZA, ROYAL AVENUE, ST PETER PORT, GUERNSEY, GY1 2HL
What is the Sequoia Economic Infrast... website address?
The website address for Sequoia Economic Infrast... is www.seqifund.com
Which industry sector does Sequoia Economic Infrast... operate in?
Sequoia Economic Infrast... operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector

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