Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Ignore the last sentence on my previous post - that was Regional REIT
The RNS details the sale of Cross London Trains (XLT) and a purchase......
The sale of XLT generated £333M - looking at the Final Results this was purchased for £62.7M and (I think) had a NAV in the books of £166.3M. So a significant profit on purchase price AND a sale at double book value.
Looks like they now have a lot of spare cash (special divi or further purchases) AND NAV will need updating!
Hopefully a good day tomorrow and explains (perhaps) the very large buy at close of play on the 13th at 105p.
This is turning out to be one of my best investments ever.. Can't believe more people aren't interested in it.
Nice confident AR and they do say run winners.
for an infra share. Don't really want to part with my remaining 50% but......
I received mine today
Was the Divi not supposed to be paid today?
Yes I have noticed. Also I notice they rounded me down to the nearest whole share. I bet everyone got rounded down so what happens to all those odd shares? I really don't see the point of the exercise.
You now have less and will get your big divi soon, but you will be liable for tax on it if it is outside your ISA (and subject to your personal allowance) So don't be fooled by the improved SP.
HI Oldabutnowisa Im a little confused by recent posts and what they really mean or refer to. My understanding is this business is paying existing shareholded as of 15.3 (Registered on books) a substantial dividend - 20% return for being a valued shareholder To prevent a 20% drop in share price the company is buying back shares (Cancellation) of shares that exist in the market. I cannot identify where the risk is or the problem lies with this Clearly tax is a pain but even at 40% tax or more if you do not hold in an isa it still beats most dividend yields so the net benefit is surely worth having. If i am missing something would appreciate an explanation. Have only been investing in shares since last August (Returning to the market after a sustained leave of abscence)
Halved this holding. No point in paying income tax on what is a return of CAPITAL! Still retaining interest in a decent stock.
They have done this before a few years ago if memory serves me correctly. I am not a fan really as you end up with less shares and cash equivalent to the shares. If i then buy back the shares i have dealing costs etc. I do not think it is a scam just a way of reducing shares in circulation.
Just got the paperwork and they are combining the 'Special Dividend' with a 'Share Consolidation'. To me this means I am nor receiving their surplus profit. I am getting my own money back and the co is shrinking its capital base. I hold NG and they have been a disaster since their exercise. 3IN SP is down 1.4% today. Does not bode well. Anyone out there disagree with my version?
to go even more overweight here with a guaranteed 40p special divi in due course and the SP drooping in the 190s.
Great news! Between 4 and 500,000,000 equates to approx 40p to 50p per share back in due course. AND very little exposure to U.K and Corbyn. Just have to be patient and dream of the big bucks!
Look through the recent big RNS announcements and you will see a distinct theme: bigging up. I may look like I'm ramping these but I hold what is for me a sizeable amount and whilst I am aware of the attitude of Labour to Infrastructure my view is that the risk is worthwhile taking for the decent and increasing dividend and likely further capital gain.
I am already well into 3IN but with a current yield of 7,4% and a likely return of capital (probably by a gradual increase in divi spread over quite a few years) these seem to be tree-mendous for Xmas. And remember even Corbyn will not be able to squeeze much out of 31N because only a small amount is invested in UK. If the New Year tips highlight them, I can see these at 225p quite soon and STILL offering a decent safe yield.
Infras have all drifted badly now, Combination of Stells Creasey's proposal to back taz the benefit of corporation tax reductions (which won't happen) Labour big John aiming to nationalise (absurd) and now over-reaction to the 0.5% increase in base rate next week. I'm still in all mine for the divis and hope they will get a write-up soon as having fallen too far.
All other Infrastructure shares are just recovering from Labour party scare weakness. 3IN is romping away! Not that I am complaining. Big holder here and pays for my Corn Flakes, but why is the SP doing so much better than the others?
Yes I am not impressed. Before the announcement we were doing okay. Now we are back to where it was almost 1 year ago see my last post! Bit of a tumbleweed board here.
Less than a year since they sent us 17p a share back, they now have a £350 million placing at 165p, which results a collapse of the share price from just over 180p to 166p.... and still dropping.
I have missed this and others may have in the recent RNS. There will be a special dividend of 17 pence per share paid to holders. At around the same time there will be a consolidation of 9 shares for every 10 currently held to try and consolidate the share price with such a large ex dividend drop. See RNS for all the key dates.
3i: three eyes: Congratulations, Mr Borrows. But the new 3i remains an odd proposition for shareholders. At the core of the group is a PE business that invests in midsized companies: retailers, widget makers and the like. In 2014 the value of its investments rose 24% — a good year. 3i is deliberately shrinking its portfolio from 125 companies in 2012 to 30-40 over the next few years. Any new investments that 3i does make will come from its own capital, not from the third-party money that most other PE firms target. 3i counters that investors in its debt and infrastructure funds have different return targets to the group itself. Fair enough. But there remains the question of what sort of company 3i is. Does PE (investing 3i’s money) belong with asset management (investing other people’s money)? Asset management provides steady fee income, in contrast to the lumpy cash flows of PE. But this is not a reason to keep them together. The worry is that management retains the fee businesses as a source of funding for illiquid years in private equity — despite the fact that they might be worth more to a buyer with more scale than 3i. And asset management is a scale game.
Buyout group 3i grows appetite for Yo! Sushi: Suitors circling Japanese restaurant chain Yo! Sushi have entered a second round of bidding, with private equity firm 3i understood to be one of the frontrunners in the race.
This franks 31 Inf as a relatively safe long term investment and hopefully will highlight the company to a new group of potential investors. I put my other half into these four years ago. She now gets a yield in excess of 7.5% and is sitting on potential gains of over 50% for taking a realistic amount of risk. It is also advantageous taxwise to have in the !SA since it is Guernsey registered and so divis are paid gross. Wish all my investment advice was this good!!!