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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 81.40 | 1,950,330 | 16:25:24 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 81.20 | 81.40 | 81.40 | 81.00 | 81.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 11.08M | -17.95M | -0.0107 | -76.07 | 1.37B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:59:14 | O | 76,864 | 81.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 18/4/2024 | 10:38 | UK RNS | Sequoia Economic Infra Inc Fd Ld Dividend Declaration |
| 18/4/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 17/4/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 16/4/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld NAV and Investment Update |
| 16/4/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 15/4/2024 | 17:15 | UK RNS | Sequoia Economic Infra Inc Fd Ld Director/PDMR Shareholding |
| 15/4/2024 | 17:03 | UK RNS | Sequoia Economic Infra Inc Fd Ld Purchase of Shares re Investment Advisor.. |
| 15/4/2024 | 07:00 | UK RNS | Sequoia Economic Infra Inc Fd Ld Transaction in Own Shares |
| 12/4/2024 | 17:17 | UK RNS | Sequoia Economic Infra Inc Fd Ld Director/PDMR Shareholding |
| 12/4/2024 | 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 |
|---|---|---|---|
| 18/4/2024 | 12:09 | Sequoia Economic Infrastructure Income Fund | 452 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:59:55 | 81.40 | 76,864 | 62,567.30 | O |
| 16:35:05 | 81.39 | 14,516 | 11,815.15 | O |
| 15:57:18 | 81.40 | 2,730 | 2,222.33 | O |
| 15:56:50 | 81.40 | 3,690 | 3,003.59 | O |
| 15:35:08 | 81.40 | 155,426 | 126,516.76 | UT |
| Top Posts |
|---|
Posted at 18/4/2024 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 81.40p.Sequoia Economic Infrast... currently has 1,681,169,626 shares in issue. The market capitalisation of Sequoia Economic Infrast... is £1,368,472,076. Sequoia Economic Infrast... has a price to earnings ratio (PE ratio) of -76.07. This morning SEQI shares opened at 81p |
Posted at 18/4/2024 12:09 by speedsgh Dividend Declaration - The Directors of the Company have declared that an interim dividend of 1.71875p per share will be payable to holders of Ordinary Shares as follows in respect of the three-month period ended 31 March 2024: Ex-Dividend Date: 25 April 2024 Record Date: 26 April 2024 Payment Date: 23 May 2024 Dividend per Ordinary Share: 1.71875 pence per share |
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. 🤔👍&# |
Posted at 16/1/2024 11:34 by speedsgh "The interest income supports a 10% yield at the current share price." Is another increase in the dividend (currently 6.875p/8.2% annualised) therefore on the cards? |
Posted at 16/1/2024 09:15 by chucko1 The interest income supports a 10% yield at the current share price. The reduction in rates and gradually increasing fixed income valuation (as seen in this month's NAV upward movement) is icing.Too easy to buy first off this morning, as though this is not especially on radar screens. The move lower from 85p to 82p over the past week was an open invitation given this update. |
Posted at 11/1/2024 06:13 by cocopah Not sure how much this will interfere with the share price recovery.⬇Winterflood Analyst recommendations list … Infrastructure & Renewable Energy Infrastructure There was just one change in the infrastructure and renewables sector, as Sequoia Economic Infrastructure Income (SEQI) was removed in favour of Downing Renewables & Infrastructure (DORE). Sequoia was added last year due to the ‘considerable floating rate exposure in its portfolio’, which Bird felt made it well placed to ‘capture short-term rate rises’ but that opportunity has ‘now largely played out’. |
Posted at 05/12/2023 08:11 by scburbs Worse than that I assume they have refused to put in sufficient money to keep the company afloat (let alone pay back existing debts). Probably means the equity is well out of the money, not sure if it’s SEQI next in line (to take a loss) or if there are junior lenders as well (probably SEQI next in line). Any ideas what the name of the owning company is?Also not clear how they are going to secure working capital funding. Presumably either this will need to come from SEQI or they will need super senior funding ranking ahead of SEQI. I am guessing the latter. |
Posted at 14/9/2023 13:20 by davebowler Citywire-High-yielding Sequoia hopes ‘unusual’ Steve Cook, manager of the 8%-yielding infrastructure loan fund, explains why the portfolio will recover from the quickest interest rate hikes in the UK since the 1980s. BY JAMIE COLVIN Sequoia Economic Infrastructure Income (SEQI) fund manager Steve Cook believes the ‘pull-to-par&# Speaking to Citywire, Cook said the ‘unusual’ However, the trust’s floating rate bonds, which make up 60% of assets at an average 3.3-year duration, will bounce back to their launch price as they approach their repayment date, assuming there are no writedowns or hits to their value. As a consequence, the portfolio’s ‘yield to maturity’, or total return from maturing bonds, has shot up from 9.8% to 12% in the last 12 months. An update last month estimated the pull-to-par would be worth about 6.1p per share over the course of the closed-end fund’s investments, which includes private loans and bonds to companies in areas such as digital infrastructure, energy transition, renewable power and transport. Since the closed-end fund launched in March 2015, a typical year would see a pull-to-par of a fraction of 1%, but this year, it creates a really interesting total return story for investors, Cook (pictured below) said. ‘You’re getting a 6.875p dividend on the 83p shares and some NAV growth built in, you could say, and hopefully we can address the discount as well. I can’t promise to narrow the discount, but if you take the first two, which are contractual, you get a really good total return story.’ Steve Cook - Sequoia In the past three months the shares have risen 6.5%, leaving shareholders with a flat total return including dividends over one year. Its board has also been busy buying back the shares, with 73m purchased since July 2022 totalling approximately £60m. Other steps taken to reduce the discount includes bringing in new investors to support the shares, the largest of which currently are Investec, Rathbones and Quilter, with respective holdings of 9%, 5.2% and 5.1%, according to Refinitiv. As interest rates look close to peaking, Cook is increasing the weighting to fixed rate loans to capture the current high rates, across the assets that span the UK, North America, Europe, Australia and New Zealand. Cook will reduce the weighting to telecoms, the largest sector weighting at 30.3% of assets, over the coming months, which he believes is slightly too high, despite their high-yielding defensive nature. He added that the portfolio is ungeared, meaning there are no expensive debt costs to service. Cook is working on extracting value from the trust’s two non-performing loans, Bulb Energy, and Connecticut 4000 Avenue, a private school based in Washington DC that went bust, that make up 3.2% of assets. In the case of Bulb, a senior secured loan, SEQI became the majority shareholder through a partial debt‑for‑ In the case of Connecticut 4000 Avenue, SEQI co-owns the newly refurbished building with two other companies. The portfolio’s largest individual position is a £58.9m senior secured loan to Bannister, a provider of long-term supported and residential living facilities for adults with learning disabilities, that matures in 2025. Another large £54.5m senior secured loan is renewable energy platform Infinis, the UK’s largest generator of low carbon power from captured methane. |
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