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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
|
|
|---|---|---|---|---|---|
| 0.10 | 0.13% | 78.40 | 1,602,577 | 16:35:23 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 78.70 | 79.10 | 79.10 | 78.60 | 78.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 131.92M | 110.43M | 0.0727 | 10.88 | 1.19B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:23 | UT | 140,752 | 78.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 28/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 27/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 24/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 23/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 22/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 21/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 20/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Dividend Declaration |
| 20/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 17/1/2025 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
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 |
|---|---|---|---|
| 20/1/2025 | 17:15 | Sequoia Economic Infrastructure Income Fund | 551 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:35:23 | 78.40 | 140,752 | 110,349.57 | UT |
| 16:29:54 | 79.10 | 7,142 | 5,649.32 | AT |
| 16:29:53 | 78.90 | 180 | 142.02 | O |
| 16:27:39 | 78.96 | 5,078 | 4,009.80 | O |
| 16:24:56 | 79.00 | 4,649 | 3,672.71 | AT |
| Top Posts |
|---|
Posted at 29/1/2025 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 78.30p.Sequoia Economic Infrast... currently has 1,519,681,107 shares in issue. The market capitalisation of Sequoia Economic Infrast... is £1,202,067,756. Sequoia Economic Infrast... has a price to earnings ratio (PE ratio) of 10.88. This morning SEQI shares opened at 78.60p |
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, ‘infrastructur 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 ‘economic̵ 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 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 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 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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