Sequoia Economic Infrast... Share Discussion Threads

[gateside] 14/7/2022 08:07

Now trading at 15% below NAV

[ramellous] 12/7/2022 18:42

Probably because they are trading at 10% discount of nav.

[cocopah] 12/7/2022 16:09

Why the 500,000 share buyback at 88p?

[gateside] 11/7/2022 09:01

Yes reassuring results.Yield over 7% now.Tempted at add at these prices

[cocopah] 11/7/2022 08:44

Much better results RNS explaining the detail of where we are with the NPLs and recovery process. Share price may well decline until NAV stabilises (hopefully not by much or for long). Divi held and cover increased.

[cocopah] 06/7/2022 17:06

Bought back in at 88.2p today. Difficult to see whether this is near the bottom but I think that the next monthly NAV update will steady the share price. We shall see. The charts point to a further short-term drop but I can’t see this being sustained for long. Here’s hoping!🤷R05;♂️🤞🏻

[catch007] 06/7/2022 10:28

Current estimated NAV 98.99, Discount to NAV 10.29% (12 mnth ave premum 3.29%) Yield 7.04 - source Morningstar

[cocopah] 05/7/2022 15:50

#Gateside that's the 88p the charts pointed to and now the question is will the knife keep dropping? The trend suggest somewhere between 82p and 86p! Hopefully the next NAV update will be positive and this will catch some positive sentiment. It must be trading at a 10-12% discount now.

[cocopah] 29/6/2022 14:58

I think that all of the news around Bulb is factored into the share price now. The other two bad loans are minor in comparison however IMHO I think the market is probably more concerned about other potential issues. As far as I’m aware the dividend is pretty well covered so shouldn’t be at risk.🤷‍;♂️

[gateside] 29/6/2022 08:22

Dividend yield is 6.8% now.As long as that's safe, it should add a good floor to the current share price

[williamcooper104] 28/6/2022 18:24

Yep - it's not huge on NAV - but helps validate underwriting standards They had a few admins recently which did raise questions

[catch007] 28/6/2022 17:35

If the bulb issue can be resolved by repayment that would be a major step forward for SEQI.

[williamcooper104] 26/6/2022 15:43

Looks like good news FT reporting that the Bulb loan will be repaid at par Centrica pulls out of Bulb auction in blow to government https://on.ft.com/3OGJZvB

[cocopah] 22/6/2022 08:29

#Gateside Grr … blooming’ charts now pointing towards 88p as a low. Personally I can’t see that happening but I’m going to sit tight for a while to see what the next set of fundamentals are from the monthly update. Inflation worries abound and it’s too early to see the impact of their new hires on their risk parameters. It’s the old catch 22 on seeking income whilst making sure the gains aren’t wiped out by capital losses. I’d like them to pivot to more renewables lending if they can to mitigate infrastructure risks. 👍🏻😎

[gateside] 22/6/2022 08:07

There's your 94pHopefully that might be the bottom.

[cocopah] 16/6/2022 07:35

Latest NAV shows further deterioration to 98.39, no more money pumped into Salt Lake Potash but a bit more into Whittle school. Looks like Bulb may not be so disastrous but I still think there’s a little way to go to the bottom here, charts pointing at 94p. Thoughts?

[eithin] 09/6/2022 16:30

Many Thanks. Missed that one.

[rik shaw] 09/6/2022 15:17

The RNS of 6/5 revised the payment date

'The revised timetable in respect of the Q4 dividend is set out below:

Ex-Dividend date: 28 April 2022
Record Date: 29 April 2022
Payment Date: 27 May 2022

[gateside] 09/6/2022 14:31

A number of brokers paid the dividend early for some reason.

I got mine on 27th May

[eithin] 09/6/2022 14:17

9th. June now 2pm + NO DIVI RECEIVED CS Direct.

[gateside] 27/5/2022 11:37

From their website...

Interim Dividend for the Period Ended 31 March 2022

The Directors of the Company have declared that an interim dividend of 1.5625p per share will be payable to holders of Ordinary Shares as follows in respect of the three-month period ended 31 March 2022:

Ex-Dividend Date: 28 April 2022

Record Date: 29 April 2022

Scrip Reference Price Announced: 6 May 2022

Deadline for Scrip Elections: 24 May 2022

Payment/Allotment Date: 9 June 2022

Dividend per Ordinary Share: 1.5625 pence per share

[gateside] 27/5/2022 11:36

I received mine from ii today too.

[ramellous] 27/5/2022 11:24

Dividend paid today but it was declared to be paid on 9th June. I haven’t seen anything as to why I’ve received it early.

[williamcooper104] 18/5/2022 10:22

It's super senior so in theory should be recoverable, but does put pressure on the other outstanding loans as subordinates them Usually it's a case of bad if you put it in; worse if you don't

[cocopah] 18/5/2022 00:00

#Williamcooper104 … yes I thought that too. Some good news and assuming more payments are received it will continue to improve the NAV position. Not sure whether the extra potash loan is throwing good money after bad but the company appointed Andrea Finegan in February (presumably to apply some rigour to risk management). More comms and an investor briefing would help but that won’t happen! 🙄😂