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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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These shares aren't for me. They are in my will..I've lived long enough.
Still think there will be takers for HICL at this level!
Gone at a stroke today!!
I just hope I am not as old as your namesake before I get back into profit here! Good luck all.
Sometimes I worry more about a Price going up, especially if it's going up too much. Poses the question ' How long do you want to keep holding onto the rope.' Doubts start to creeep in.. Who is going to buy my shares at this Price? Mr Corbyn's intentions have hit this share, but he has a point. This is too big an issue for it to go one way or the other.
Have decided to just hold forever assuming they do not go pear shaped or stop the divi... Never expected much excitement but a steady dividend stream .... You have to keep a weather eye open though for the Corbynistas..GL
Me too spindok. I had a big holding but I sold half few weeks back (phew). Adventurous Investor in last weekend's FTdid a piece about infras and was lukewarm at best but he did say that HICL was getting cheap. May be worth considering a limit sell or gritting teeth because my hunch is that they cannot be too far from the bottom.
I have some of these but the diidend is no longer keeping up with the down of of the sp. Looks like I will now hold forever..
Given the current carnage in utilities and infrastructure stocks it is hard to top up, however this stock is now trading at a discount to NAV, pays >5% dividend and appears to be a well run outfit
Go on, laugh at me - guess where I made safe with the other 'arf? Averaged down in N Grid!!! Further down!! What's my name?
I think it was Ooffy Prosser, a character from a Woodhouse. who said that �There is no shallow end in the stock market where the investor might dip his/her toe in. It�s all varying degrees of deepness.� Something like that. Well, the reliable old Grandad has fallen off his chair. He�ll get up again, I�m sure.
I invested in here last July with a sizeable chunk for the same reason as most expecting a generous dividend with low risk at �1.63 thinking it was a decent entry point. The pronouncements by Labour's top 2 at the end of summer put the brakes on here in a major way and talking with various folks in the financial world it was a wake-up call for a number of sectors that may be impacted by a severe implementation of hard left policies on U.K. plc if they get back into power. I sold out for a small capital loss before Xmas fearing what might come. Sadly the problems in the PFI/construction and outsourcing sectors has hit this fund again. As someone suggested the choice is to ignore the capital loss and enjoy the div which will hopefully be preserved and hope again that there will no be major policy changes which will further impact the funds performance. This has acted less like a fund and more like a share of late and has forced me to re-think more laterally my fund investments and the potential political risks which may impact.
Some chunky purchases today they must see value at these prices.
Invest in your country and lose your shirt!! If they maintain the divi for the next two years then it is just a case of austerity and wait for the next government debacle.. Holding..
RNS out - further 50million hit due to carillion liquidation. It does say dividend should not be affected this year or next 2 years.
What is reason with these? Fortunately out but suspect it's Labour Govt risk
It's a tin hatter day!
January is the cruelest month! Can’t beleive it hasn’t stopped falling yet. I have this JLIF and IMB multi year lows everywhere
Hi oldbutnotwisa thanks for your thoughts. It's a funny game this even if it does sometimes make me cry. As for a flutter fund, I said to myself a while back I'm too old to flutter. Them myself said to me 'go on , what about that one', One is doing well and paying for the other two. but for how long I don't know. Anyway good luck and I hope your decisions come good in the end.
Oldabutnowisa, good luck with your decisions. No harm in reducing your risk profile, especially when the impact is across three of your investments. Ironically I chose to invest here recently to moderate my risk (lol) as the aim was to have a broader spread than equity and bonds. I have also recently started a position in Seneca Income & Growth (SIGT) as they have a multi asset approach and are lower risk than my pure equity income investment trusts. Good luck all holders
Hi methusaelah, Ihave held these almost from day of issue and yesterday I sold half also 60% of inpp but none of 3IN. Overall I had 16% of my entire portfolio in these and decided , reluctantly, that safety of capital now outweighed the excellent yield. The plan I selected was to review the performance again today possibly selling the rest of both if there was further weakness. How to replace the divis? Don't know, but my attitude is no rush in a falling market. Further, managers of Seneca Global recently announced they have decided to reposition for a global recession in 2019. My portfolio is primarily for my learning disabled son and though they may be wrong, I take this very seriously. Best wishes with your investing. Play safe and have a small 'flutter' fund. That is holding me in good stead now.
I buy these for the income. The swing downward has been, in HICL Land, quite severe. Top up, sell I don't know. Don't just do something , sit there, springs to mind.
The managers of this fund must be cursing the last 6 months. I was invested heavily until Corbyn and his sidekick McDonnell did their damage pronouncing that they would bring PFI's back into public hands. I sold out and have been looking at a possible entry point back in as the risk of a socialist/Marxist government reduced. Harsh reality is that government do not have the skills to manage these large, complex and strategically critical projects. I fully accept that the private sector are not perfect either but much better when all things considered. Who would leave the private sector to work in a Labour government on these projects? Some may do so for political or altruistic reasons but not enough but they would have to respect their manifesto pledge and it would be a mess. The sector is under pressure and will be sold down for a while. In my view it will take some time for confidence to return so unfortunately it is unlikely that I will re-invest until sentiment changes. This is a pity as infrastructure investment is essential for economic prosperity and we need more managed professionally not less.
I also have JLIF although only bought in last year, these I have held for many years as a steady income and growth share. Sadly we are now at levels last seen in 2014 ! on the face of it with markets at all time highs this has been a poor choice.
Think we've perhaps had a bit of over reaction. Seems that their is some buying coming in at these levels. I've recently bought in and am still building a position, just going to ride this out and drip feed in. Good luck all holders.