Sequoia Economic Infrast... Share Discussion Threads

[williamcooper104] 29/6/2023 11:21

Utility exposure looks like mostly power And of course there's a lot of international diversification which helps So looks like if there's any UK water hold co debt it's going to be pretty small

[zeppo] 29/6/2023 10:48

Annual report out today.

[nickelmer] 29/6/2023 10:40

www.seqi.fund/portfolio/

[williamcooper104] 29/6/2023 10:09

Anyone know if SEQI has exposure to bonds/loans issued by water utilities holding companies That debt is reliant from dividends paid by the utility owning subsidiaries And from April 2025 if those utilities aren't rated above BBB/neg outlook then divis can't be paid This is one of Thames waters problems, but it's likely to impact others

[cwa1] 27/6/2023 17:18

Hefty volume today

[zeppo] 27/6/2023 09:16

Some recovery early today.

[spangle93] 27/6/2023 07:45

550k shares bought back on a day of about 2 million trades.

At least the buyback provides some support

[zeppo] 26/6/2023 18:37

Alas today its down again in spite of the buy back.

I am sticking with it but glad that I have diversity.

[zeppo] 26/6/2023 10:37

Lots of income shares are down in the current market.

I hold AGR as well as SEQI and enjoy quarterly dividends from both.

Both are well below asset value to buy.

AV. and LGEN are paying 8%+ right now.

Enjoy these yields!!!

General nervousness and movement toward gilts and bonds have affected things.

Ian Cowie in the Sunday Times has been a good influence on me.

Diversify, diversify, diversify.

Dividends fluctuate far less than capital values.

[spangle93] 26/6/2023 10:00

Assuming that the NAV hasn't changed significantly, then the discount is now higher than it's ever been, even during Trussonomics.

I'm tempted to double up, but feel I must be stupidly missing something blindingly obvious that makes it so unpopular

[cocopah] 21/6/2023 17:48

The main thing we need to keep our eye on as investors is whether or not any more of the loans become distressed. I think the board added some rigour to their underwriting (through a couple of BOD appointments last year) following the problems with Bulb (at the time that was a bit of a black swan event really).

Divis are well covered and of course the more shares that sit in Treasury, the less distribution. I am not impressed with the paper capital losses atm, however as a long-term hold of this share I believe it should return towards NAV (probably with a 5% 10% discount) over time (unfortunately, there may be a bit more pain in the short term as interest rates are still rising).

If only the British public would wind their neck in on the spending front!🤷̴5;♂️
28580;🤣

[spoole5] 21/6/2023 14:56

Yep will be adding decent value at these levels, no point lending anymore money when you can buy the shares!

[zeppo] 21/6/2023 10:19

Still got the funds to continue the 'buy-back' and pay the handsome quarterly dividends.

'21st Jun 2023 7:00 am RNS Transaction in Own Shares'

[zeppo] 20/6/2023 10:21

Do 'buy-backs' not indicate the safety of future dividends and the likeihood of dividend growth?

20th Jun 2023 7:00 am RNS Transaction in Own Shares
19th Jun 2023 7:00 am RNS Transaction in Own Shares
16th Jun 2023 7:00 am RNS Transaction in Own Shares
15th Jun 2023 5:46 pm RNS Transaction in Own Shares - Replacement
15th Jun 2023 5:45 pm RNS Transaction in Own Shares - Replacement
15th Jun 2023 5:44 pm RNS Transaction in Own Shares - Replacement
15th Jun 2023 7:00 am RNS Transaction in Own Shares
14th Jun 2023 7:00 am RNS NAV and Investment Update
14th Jun 2023 7:00 am RNS Transaction in Own Shares
13th Jun 2023 7:00 am RNS Transaction in Own Shares
12th Jun 2023 7:00 am RNS Transaction in Own Shares
9th Jun 2023 7:00 am RNS Transaction in Own Shares
8th Jun 2023 7:00 am RNS Transaction in Own Shares
7th Jun 2023 7:00 am RNS Transaction in Own Shares
6th Jun 2023 7:00 am RNS Transaction in Own Shares
5th Jun 2023 7:00 am RNS Transaction in Own Shares
2nd Jun 2023 7:00 am RNS Transaction in Own Shares

[zeppo] 19/6/2023 11:43

The asset value is there.

See: RNS 14th June 2023.

The markets seem concerned about future interest rate rises.

With interest rate rises do bonds or gilts become preferable for less volatility of capital values?

I am sticking with SEQI and AGR for the high quarterly dividends.

[orinocor] 19/6/2023 11:36

It's still going down. 8.9% yield now.
How concerned are holders?
Should we be topping up now at under 77p?

[spoole5] 15/6/2023 07:11

They are fighting it out!

[getscenic] 14/6/2023 18:12

This chart is looking worse that RICA spoole

[spoole5] 14/6/2023 11:24

Decent NAV update. Market not interested, more cheap buybacks.

[cocopah] 17/5/2023 14:53

I read the update this morning and the only thing that surprised me was the interest contribution per share, which was lower than I expected, given the rise in interest rates, share buybacks and the amount of the book that is on variable rate. I think last month it was 0.74p and this month only 0.61p. 🤷‍a94;️🤔

[spangle93] 17/5/2023 07:30

Monthly summary


NAV marginally down, but income and asset valuation adjustments in the MONTH just about offset the quarterly dividend payment.

Capital markets video is available here (1 hour 52 minutes)

[chucko1] 20/4/2023 09:26

The low duration is key, and the recent update seems to confirm that. This is a credit play fa more than a rates play. Same for RECI and to an extent, VSL.

[williamcooper104] 20/4/2023 08:36

When rates were on the floor an 8 yield did indeed stick out But at 4s it shouldn't of itself be seen as too alarming - especially as SEQIs low duration means higher rates feed into higher net interest returns reasonably quickly

[cwa1] 20/4/2023 07:16

nterim Dividend for the Period Ended 31 March 2023

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 2023:


Ex-Dividend Date: 27 April 2023
Record Date: 28 April 2023
Payment Date: 26 May 2023
Dividend per Ordinary 1.71875 pence per share
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