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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sequoia Economic Infrastructure Income Fund Limited | SEQI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.10 | 0.12% | 81.50 | 16:35:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 81.60 | 81.10 | 81.60 | 81.50 | 81.40 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/01/2024 | Interim | GBP | 0.017188 | 25/01/2024 | 26/01/2024 | 29/02/2024 |
| 13/10/2023 | Interim | GBP | 0.017188 | 26/10/2023 | 27/10/2023 | 24/11/2023 |
| 20/07/2023 | Interim | GBP | 0.017188 | 27/07/2023 | 28/07/2023 | 25/08/2023 |
| 20/04/2023 | Interim | GBP | 0.017188 | 27/04/2023 | 28/04/2023 | 26/05/2023 |
| 19/01/2023 | Interim | GBP | 0.017188 | 26/01/2023 | 27/01/2023 | 24/02/2023 |
| 19/10/2022 | Interim | GBP | 0.015625 | 27/10/2022 | 28/10/2022 | 25/11/2022 |
| 20/07/2022 | Interim | GBP | 0.015625 | 28/07/2022 | 29/07/2022 | 26/08/2022 |
| Interim | GBP | 0.015625 | 28/04/2022 | 29/04/2022 | 27/05/2022 | |
| Interim | GBP | 0.015625 | 27/01/2022 | 28/01/2022 | 04/03/2022 | |
| Interim | GBP | 0.015625 | 28/10/2021 | 29/10/2021 | 03/12/2021 | |
| Interim | GBP | 0.015625 | 29/07/2021 | 30/07/2021 | 06/09/2021 | |
| Interim | GBP | 0.015625 | 29/04/2021 | 30/04/2021 | 08/06/2021 | |
| Interim | GBP | 0.015625 | 28/01/2021 | 29/01/2021 | 05/03/2021 | |
| Interim | GBP | 0.015625 | 22/10/2020 | 23/10/2020 | 27/11/2020 | |
| Interim | GBP | 0.015625 | 23/07/2020 | 24/07/2020 | 28/08/2020 | |
| 16/04/2020 | Interim | GBP | 0.015625 | 23/04/2020 | 24/04/2020 | 22/05/2020 |
| 16/01/2020 | Interim | GBP | 0.015625 | 23/01/2020 | 24/01/2020 | 21/02/2020 |
| 17/10/2019 | Interim | GBP | 0.015625 | 24/10/2019 | 25/10/2019 | 22/11/2019 |
| 18/07/2019 | Interim | GBP | 0.015625 | 25/07/2019 | 26/07/2019 | 23/08/2019 |
| 18/04/2019 | Interim | GBP | 0.015 | 02/05/2019 | 03/05/2019 | 30/05/2019 |
| Top Posts |
|---|
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 12/4/2024 21:53 by cocopah 9.2% of shares now in treasury. With buybacks at 850,000 shares a day it won’t be long before that’s 10%! No wonder there was a director buy today. If I wasn’t so stacked, I’d have a few few more! I wonder if they will increase the dividend or just keep the share buybacks going once they hit 10% of issued shares in treasury?🤔&# |
Posted at 26/1/2024 08:30 by cocopah Another 50 days of buybacks at this level and we will have 10% of issued shares held in treasury. At that time a hike in divi to 7p+/p.a. would be well supported. Personally I’d like to see us progress a quarterly dividend of 2p. |
Posted at 16/1/2024 12:13 by chucko1 My recollection from the previous dividend increase is that there were warm words regarding future increases.My money is on a circa 5% increase, but that is no more than a personal estimate based upon the above comment. |
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 08:24 by gateside The NAV per share for SEQI, increased to 94.41 pence per share from the prior month's NAV per share of 92.89 pence, an increase of 1.52 pence per share, underpinned by steady interest income and increases in asset valuations in the month of December. |
Posted at 11/1/2024 09:50 by mpage I did read the Winterflood list. In my opinion - based on comments made in Money Makers IT podcasts - E Bird is not THAT experienced and the list(obviously) has a clear bias to W's own clients.If you're looking for an investment trust analyst who knows 'what's what' then Colette Ord at Numis is hard to beat. As you all know, in October SEQI turned to using an interest rate swap (7 years) to lock in high rates (at what it hopes is the interest rate peak) to overcome the rule stating it needs to hold 50% in floating rates/index-linked debt. Floating rate loans do help to dampen the volatility of NAV. DORE is younger, smaller, more volatile, trades at a 25% discount (hence the plug)and has a much lower yield than SEQI. The underlying assets are not really comparable - around two-thirds equity (compared to all private debt) invested in a narrow range of assets, mainly solar + hydro. Greencoat UK Wind looks a better bet than DORE for anyone wanting inflation-linked income. |
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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