We would love to hear your thoughts about our site and services, please take our survey here.
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.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
How do feel now. A bit better I would think. Up we go and down we go.
Haha, no I sold some at 160 just before the election because I was concerned about the outcome. What a mistake that was!
Did you sell at 170p Tom?
Agreed. Looking back through my deals over the years, I bought more in 2015 for 157p and then again 2017 for 160p. Steady div yield but no growth in four years is pretty poor. If we get back to 170 it could be time to sell.
Quite a few long term holders here have been screwed today yet again. The fall which is equivalent to three quarterly dividends has been knocked from the sp in order that a few flush mates can buy in at a discount. Then whats new in share investing
The general election is here, it just took a few more months than i predicted.
Probably not but we are in very strange times indeed. Still Shares have perked up a bit.
After nearly three years of the Brexit debate, does anyone think the people could handle an election campaign? Based around the Brexit fiasco, no doubt. Surely, fatigue would set in, eyes glazing over, people keeling over, and crying out, not again.
Thanks Tom
Good call, and yes 3i which has performed very well
Ian
I was wondering if the absolute mess of a government falls the Jeremy fear factor is playing a part here. Still holding here and 3IN which has been a better investment.
HICL feeling a bit un-loved of recent, any thoughts why this is dropping, still Interserve worries ?
Thanks
ian
Seen you around Spindok. How's things going? Re HICL and other infra funds, I just feel quite comfortable with them. Up a bit, down a bit, but always paying the dividend. Maybe not for always but then nothing is. I don't think they are whiteout territory and one whiteout can slice your portfolio to pieces.
I have held these for years. I had to sell a few in late October but continue to hold the balance. May we replace in due course.
The threat seems to me to be diminishing day by day.It's a right muddle polically and the muddle could go on for years. What was first thought of as uncertainty is now the norm. Therefore no longer uncertainty.
Hi OldOne I 've held these for quite a time too and they have paid well. I don't think I'll say goodbye to them yet. How did you get on with LTG? I seem to remember 120.00 was your time to say goodbye or at least half a goodbye?
before these darn things actually are up!
Reasoning? Interserve are dead duck and HICL have at least three contracts with them. Also this is the one infra in Jeremy's first line if we have Gen Election. Finally , this is time to have cash and they are ex-div. Sad though.
Just looked through the helpful table at back of Annual Report and expect HICL are putting tentative measures in place against Interserve failing shortly. Honestly I don't know why all the infras don't form their own mutual insurance fund to cover this possibility. Wouldn't cost them much and would be sensible. Contractors seem to be the weak link. Come to think of it, I would not be surprised if they could find a similar mutual existed to cover another similar situation in the past in which case just get a City Solicitor (or maybe L&G) to tweak the paperwork to suit. Cannot find such a nice table in my INPP and 3IN Reports but wouldn't be surprised if INPP also has at least a bit of involvement with Interserve!
I reduced my holding here not because I wanted to but because I needed the money elsewhere to meet a RI.
I am not sure if I will reinvest when I have cash again. I am quite relaxed with the ones I have left and they will hopefully announce another div shortly
No more new PFI contracts and HICL is sitting on loads. This is going to mean these infra funds will be in even greater competition for PPP invs in future leading to lower margins for all. I am wondering whether this is as good as it is likely to get for HICL. No great rush although they will all be fodder if Labour get hold of them. I have already reduced holding in all of them and there is certainly a case for parting company with HICL. Sad after all this time with good divis.
Seems to finally be regaining the ground it list in the last 6 months, a safe bet fit £1.70?
Hi spindok. Charts for infras are into retrace. As you say we can do with politics pointing elsewhere.
I remain cautious. I have scrip divi and still well under water over last two years. I have considered adding but have decided to sit this out for a while... Need the political dust to settle...
Let us hope worst is over and lesson has been well and truly learned.
End year Apr 1 Results May 24. Hopefully will put the Carillion mess behind them and sound more positive in next few months. A good time to buy for a generous divi!
They seem to have bottomed out now, methuselah. Hang on in there and they may move up with you.