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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
|
|
|---|---|---|---|---|---|
| -0.30 | -0.38% | 79.50 | 883,309 | 16:35:04 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 79.50 | 79.80 | 80.00 | 79.60 | 80.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 131.92M | 110.43M | 0.0718 | 11.09 | 1.23B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:04 | UT | 172,601 | 79.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/12/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 12/12/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 09/12/2024 | 16:20 | UK RNS | Sequoia Economic Infra Inc Fd Ld Results analysis from Kepler Trust.. |
| 09/12/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Appointment of Senior Independent Director |
| 05/12/2024 | 11:26 | ALNC |  Sequoia EIIF posts "solid" first-half results on portfolio resilience |
| 05/12/2024 | 07:32 | ALNC | *Sequoia "cautiously optimistic" about "less volatile economic environment".. |
| 05/12/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Half-year Report |
| 02/12/2024 | 15:14 | UK RNS | Sequoia Economic Infra Inc Fd Ld Total Voting Rights |
| 02/12/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 28/11/2024 | 14:13 | UK RNS | Sequoia Economic Infra Inc Fd Ld Investor Presentation via Investor Meet.. |
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 |
|---|---|---|---|
| 12/12/2024 | 17:22 | Sequoia Economic Infrastructure Income Fund | 542 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 14/12/2024 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 79.80p.Sequoia Economic Infrast... currently has 1,538,240,415 shares in issue. The market capitalisation of Sequoia Economic Infrast... is £1,224,439,370. Sequoia Economic Infrast... has a price to earnings ratio (PE ratio) of 11.09. This morning SEQI shares opened at 80p |
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 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 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 28/10/2024 09:26 by pjmurf A rising share price, perhaps. |
Posted at 27/10/2024 14:00 by zeppo Excellent quarterly dividends, frequent share buy backs, share price below net assets value.What more could anyone ask for??? |
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 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. 😎 |
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%. |
Posted at 10/6/2024 18:30 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. 🤔 |
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