Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
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Any firm with exposure to PFI contracts are getting a kicking, JLIF down sharply too. I�ve got holdings in both, the bad news keeps on coming
Right now, is this a delayed reaction from Carillions demise?
HICL say they have it all covered, I can't see any reason to doubt that. They should be no shortage of better companies ready to take over from Carillion. I think there will be a lot of incompetence stories to come out about Carillion. Every time I see one of their vans there is someone asleep in it. This is just one of their projects - http://www.bbc.co.uk/news/uk-england-south-yorkshire-42354784
Immediate reaction is not at all bad. Do not want to be hassled into selling these but big adverse reaction may force a change of mind. With their financial clout they could buy up some cheap assets from Liquidator and come out quite well.
Yes this is more the steady eddie type of share, but then that suits me fine for this part of my portfolio. Just got to keep an eye on if sentiment reverts with the Corbyn Effect. (Although that may offer another top up opportunity).
I have been in this for about a year or so. Get the scrip dividend . I took the offer and bought in lots and may add some more next month. They are a long term hold and not very exciting but at least unlike aim you can probably sleep easy knowing your shirt will still be on the chair in the morning..
No idea. I decided to invest here to diversify my income portfolio and act as a hedge on inflation. Was hoping to build up a position below �1.60 but looks like others with more funds have decided similarly. Good luck all those invested here. Will top up as the year progresses
There seems to be a mini surge on the HICL share price after 9 months of poor performance, has something happened?
Once Brexit is over this week (hope!) these infras may move off a bit.
Still one of the weakest infras after the scare. The others have started to recover more. Tipsters have highlighted but this is not for Mr Jo Public. Shame really because divi is nice and (unless you are really worried about Labour) safe!
Stella Creasey is aiming to push through a change in way Infras are taxed retrospectively to recoup the corporation tax decreases since Infras first came market. I believe it was 29% when HICL first arrived and now is a lot less. This could be nasty but a lot of union funds must be in them as well as individual Labour MPs. Even if this was to be enacted, there would be a legal challenge and then you have to think about Judges' investments and their pension funds. So I won't be selling yet although more such chat could harm the SPs. This one has fallen more than others already!
Note that in spite of a claimed 0.06% spread, when the big fellas dropped 290200 on the market Fri at 4.28 the spread meant they had to take much less. Time for cool nerves here. I have a goodly % in Infras for the income and suspect I am not the only wrinkly! Let's hope these don't catch Theresa's cold. A few steady weeks and they might creep back. Not sure we can expect any favours from Europe!
So the pension funds and investor buy into infrastructure and then J C Super star decides to re nationalise it all and all the investors get burnt and the pension funds get clonked for a bigger deficit...May require a new investment strategy. Insolvency Practitioners??
The irony here is that Labour introduced the vast majority of PFI's under Brown and Blair. Yet the Corbynistas have the gall to blame the Tories. So we pay for their mistakes and someone else gets the blame. Looks like it's business as usual in the Labour party!
Nearly every share i invest in gets the boot put into it lately! Holding 5000 of these and 3000 JLIF. Safe to say Corbyn and Mcdonald will not be getting my vote!
Yes, that's one vote they have lost. Only way to get a decent dividend is investing in infrastructure and NHS pfi's. Good thing there won't be any money for Labour to put their plans into practice once they have spent it all on students.
It's all about the Corbynistas and their PFI intentions.
Could it be that the talk of PFI and clonking infrastructure investments.. Just put on Enya: "MAY it be" and relax
Who suddenly put the boot in here around 9 o clock? Jlif down as well? Can't see any news
HICL Infrastructure Company Limited (the "Company") is pleased to announce a first quarterly interim dividend for the financial year ended 31 March 2018 of 1.96 pence per ordinary share (the "Q1 Dividend"). The shares will go ex-dividend on 24 August 2017 and the Q1 Dividend will be paid on 29 September 2017 to shareholders on the register as at the close of business on 25 August 2017.
Anyone know when the ex div date is for this share + the amount?
I have a few of these and have just spent a hour or so looking at the accounts to try and establish why its slipping. Last year £70m of its revenue was down to valuation increases and for in the accounts ensitivity analysis a 0.5% increase in the discount rate would wipe £111m off asset valuation. Conversly the same increase in RPI would add £100m to a set valuation. So they broadly work against each other. I also note that the risk factor attached to the discount rates used is 5.6% so isn't a potential increase in the discount rate already costed in? RPI annualised rate has also increased from 3.14% in March to 3.38% at June and likely to get worse before it gets better. Overall thi still looks a good investment at this price.
Hello oldbutnotwisa. I don't know if i'm olderbutnotwisa than you but here are some thoughts. I too hold a lot of these shares and have done for a few years. Some people say that you should never consider selling a share that gives you a safe income. It's just a question of when you buy more.. Look at the yeild. If you are happy with 4.5 , buy at 4.5. If the yeild creeps up because the Price has gone down, don't do anything. I f the yeild goes down , likewise, don't do anything. Buy when the yeild is what you think is the mid Price.
I hold a lot of these and other infras in the portfolio and have topped up in C share issues over the years. The SPs are all well off the top, probably in anticipation of increased interest rates which now seem well in the future, so one can argue there is scope for bounce back. I have done extremely well with the divis over the years but there will come a time to sell part at least because they all stand at premiums to the asset value and that gives scope for even more drops in SP. But where can you get this income with this degree of safety? Anyone else out there facing this dilemma?
So now I shall own a bit of a high speed rail line.. Shame I cannot afford a ticket!!