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To deliver a long-term, stable income to shareholders from a diversified portfolio of infrastructure investments positioned at the lower end of the risk spectrum.
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Infrastructure shares like this are seen as a bond proxy because of their stable yield over time like a bond. Since the budget the pound has slumped and UK government bonds (gilts) have been sold off heavily causing the yield on them to rise over 4% in some cases. As government bonds are seen as less risky than infrastructure shares the shares have been sold off to boost the yield to make it more worthwhile holding than a bond.
Regarding scrip, I always take my dividends in cash and invest it where and when I want.
I am of the opinon it is just sentiment. Many are thinking long term and it looks that the change of government when Starmer gets in may harm the infrastructure and renwable energy companies. I have been here for dividends for a long term so I shall just sit back and carry on
what's the reason of this dive? bad news all around or something particular? i'm not english and i didn't find out any new today , but im interested in HICL it's in my watchlist..
The scrip dividend which is due to issued on Friday will now be well off the mark. I sold a load of these last week at quite a good price it seems not because any particular signals but just my holding here had got too inflated. It has proved perfect timing. I have been impressed with the performamnce to date so now I am sticking to my investment. In a downer like we have at present the temptation is to turn to cash but cash is not always king.
Not now I think surging UK bond yields have whacked this
Infrastructure is the place to be . :-).
Little fish are sweet
Another fund raise out of the blue.
Seems little point offering retail investors a chance to buy shares at 169.0p while right now they can be bought at 169.6p on the open market. How on earth they could be incorporated with existing holdings within a nominee account isn't something I would bother with for such a small discount.
This is my yearly post to say it is still my biggest holding and is a superb investment for the long term. Soon be divi time...
SP down 1.2, it's a good job the results were fairly good.
Was somebody expecting better?
i get it..so if institutional investors don't want to buy new shares that company may have trouble in raising money, is that correct?
many thanks!
No. It means the number of shares is fixed and does not change. If HICL is looking to make an investment into a new infrastructure project (like, hospital, road, bridge, police station etc) and they dont have enough money to invest, they can issue more shares and ask investors to give them the money in exchange = raising new funds = in exchange of new shares. At the point the number of fixed shares goes up. You as a retail investor, will unlikely be invited to give them the money. You can however buy the shares via your broker because they are traded on the stock exchange.
Thank you! For example, if i got it right, to get new founds from the government it has to sell him new shares?
It means closed end investment trust, the fund is 'closed' for new money unless they raise funds through a share issue. The shares in investment trusts are traded like ordinary shares and the value of the shares on the market reflect the underlying value of the trust, usually with either a discount, premium or par to NAV (Net Asset Value)
Open ended funds can grow or shrink in size as investors add or pull out money from the fund. Usually peddled by HL and other brokers. In extreme times a fund can be 'gated' to stop outflows of money, but an investment trust share will just fall and you can always sell.
can someone please tell what does it mean "HICL Infrastructure is part of the Closed End Investments sector"? thanks!
Recently read an article regarding sexual harassment issue in one of its offices. How did this happen?
http://m.koreaherald.com/view.php?ud=20210528000704
How come divi nearly 4 times the earnings?
I've bought and sold HICL many times over the last few months on two different platforms. However one charges stamp duty and the other doesn't. I'm aware many shares listed on FTSE 350 are exempt from stamp duty due to them being based overseas is HICL one of them. This is also the case with Phoenix group holdings. Cheers
This is one of my favourite holdings. Not exciting, not stressful, and possibly boring. Board is dead as a dodo. Nothing to say but the number of shares I have just keep growing...
Just a shame we have been screwed over by another fund raise out of the blue. Thank you BOD.
HICL’s share price has risen by 40% over the last 10 years, comfortably outperforming the wider market. The group’s 5% dividend yield is backed by very stable income streams, many of which are paid by public sector tenants. I see this as a safe share to buy in today’s market.
You are on right track!
I have been in this for a the long term. I just hope it can maintain its dividend and perhaps a few pence growth.. I am tempted to add but perhaps next month... The fog of the current malaise in the markets may clear a bit..
Bought a few back at 163 after a change of heart just before it crashed below 140 ! Can't win. Whatever i do it will do teh complete opposite so for now i'm doing nothing.