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Its obviously not the greatest of 'climates' just now for ANY shares to thrive in ...huge understatement I know - But if you can then try to hang tough and see these black months out - situations will recover - we are all in the same boat believe me! GL
This news has restored some of the faith I had lost. Hope things start climbing back to their heady days. Cheers for the info.
And another one Malkie and a hefty one at that Simon Borrows, the new Chief Executive of FTSE 250 private equity infrastructure and debt management group 3i, has celebrated his new position with the purchase of four million shares. The director, who clearly has faith in his own ability to overcome the company's challenges, handed over £6.9m for the shares, which were purchased in three transactions between Monday and Wednesday. Borrows, who originally joined the board of 3i as Chief Investment Officer last year, first bought up 2.0m at 173.00p a pop, before added a further 1.15m and 0.85m at 171.40p and 172.84p, respectively.
thanks as ever mulled w
A Non-Executive Director of 3i, a private equity, infrastructure and debt management group, has taken advantage of the company's declining share price to buy up 100,000 shares. Willem Mesdag, who joined the firm in 2007, bought the shares at 175p a pop for a total of £175,000. Two weeks ago the company more than doubled its full-year dividend to 8.1p despite seeing returns and assets under management (AUM) slip during the year to March 31st.
Thanks, oogleflugal, Took another look at 3i, but still reached the same conclusion. Plse see my latest writeup here though, with further commentary on (alternative) asset managers: http://wexboy.wordpress.com/2012/05/23/asset-managers-cash-hogs-whats-hot-whats-not/ As a PE investment trust, I'm not convinced I'd be buying 3i right now - I see other more interesting stocks/funds to buy, many on similarly attractive discounts. Generally, I'm slow to buy anything between May & September - maybe after we have a Grexit, that will be time to gulp & buy... Cheers, Wexboy
Good to see some comparisons. I was wondering what to compare iii to. ten years ago I was in the more traditional investment trusts as part of my pf. The had performed ok in the ninties, but then what did'nt. I got in to iii when it was being 'rescued' in 2009 and took up rights etc. I have been extremely lucky with this one and had a big holding getting out over £3.00, mainly becuase I was overexposed. I'm currently still out, but I like this company a lot. Its not been easy anywhere and for companies as big as this investing in small businesses it makes it pretty difficult to be in anything but for the long term. I did well out of Moni thanks to them, (which am also currently out of)there dont appear to be that many listed companies in their pf. Unfortunately their specialist area has and is still being hit hard. What never seems to come to light is how many winners and loosers are in their pf. Presumably many of their positions are untradeably, which in itself must make their own stock more susceptable to difficult times. I read lots of cries about new directors being injected and indeed McQueen is to stand down. He has steered it through possibly its most difficult four years, raising from the ashes to at least being viable. I got luck with my timing. Has the time come again? I think managing your owm investment (trust) is as good or better an option right now if only because trading in thousands of pounds rather than millions is a destinct advantage at this end of the game. I know a lot of their stuff is vc, but that again begs the question are their winners going to beat their loosers in this current climate?
See how 3i stacks up vs. other alternative asset managers, and in terms of absolute value: http://wexboy.wordpress.com/2012/05/14/asset-managers-a-first-look-at-the-alternatives/ Cheers, Wexboy
Michael Queen, 3i's Chief Executive, said: "We have made a number of important strategic steps to strengthen each of our business lines in the period, including the reorganisation of our private equity business, signing our first investment in Brazil, and the launch of our Credit Opportunities Fund." "We have also generated good realisations from the portfolio, although, as we said in our November half-year results announcement, the operating environment is challenging given the deterioration in the macro-economic outlook and continued market uncertainty. Conditions have not improved since then, which has been reflected in a softening in the earnings performance of some of the portfolio over this period."
ashflow and balance sheet The Group had cash, cash deposits and undrawn committed facilities of £1,753 million as at 31 December 2011 (30 September 2011: £1,680 million) and gross debt had reduced to £1,659 million (30 September 2011: £1,722 million). Net cash divestment in the three month period was £159 million and net debt decreased by £136 million to £395 million (30 September 2011: £531 million).
http://www.investegate.co.uk/Article.aspx?id=201201260700151951W
hope you did well i might buy again on further weakness
Thanks for that in profit put 7k in
nice little earner
10,000 time will tell
I dont post very often - but like to read and this is definitely the quietest share around - even on ii there are no updates - Does anyone know if there a board elsewhere that has discussions on this share ?
Former FTSE 100 private equity investment firm 3i Group (III) has found trading conditions increasingly challenging, as falling stocks have pushed down the value of its portfolio. As at 31st August, the company has reduced its net debt to 343 million pounds, from 522 million pounds at the end of March and has announced its intention of substantially increasing its shareholder dividend
This stock is self-evidently being systematically manipulated by white-collar crooks in broad daylight.
Michael Queen, 3i's Chief Executive, said: "We have made a good start to the year with a significant increase in the level of investment during the period. These new investments and a strong pipeline combined with our confidence in the portfolio, provide a positive outlook for the business."
The Group had cash, cash deposits and undrawn committed facilities of £1,910 million at 30 June 2011 (31 March 2011: £1,846 million). Net debt decreased from its year end level of £522 million to £471 million, recognising the net inflows from investments and realisations, together with other operating expenses. On 30 June, 3i successfully replaced its current £300 million October 2012 facility with a new £450 million multi currency revolving credit facility. The banking group has been extended and the facility will mature in June 2016.
Investment and Realisations Investment in the three month period was £233 million (2010: £105 million). This included £158 million of new investments, £36 million of further investment with the balance being capitalised interest. New investments included £112 million in Hilite, £17 million into GO Outdoors and £13 million into World Freight Company International. Infrastructure investment of £33 million relates to the conversion of 3i Infrastructure plc warrants, awarded at the company's Initial Public Offering in 2007.
http://www.investegate.co.uk/Article.aspx?id=201107060700068299J
3i Infrastructure has ample liquidity Date: Tuesday 05 Jul 2011 LONDON (ShareCast) - 3i Infrastructure, the infrastructure investment company, said its portfolio assets continue to perform well and are generating good income. Dividends and interest received from assets in the first quarter to 30 June 2011 totalled £19.8 million. Since 1 April, the group has raised £55m from the early redemption of investments into Thames Water and the sale of its debt tranche in NGW Arqiva. Its interim management statement also revealed a cash balance of £248.2 million. "The company has ample liquidity to invest in the current pipeline," revealed Peter Sedgwick, the group's chairman. The group also highlights the previously announced award of “preferred bidder status” for the Thameslink project in London. 3i is operating with Siemens Project Ventures and lnnisfree to deliver and maintain 1200 vehicles due for delivery in 2015. The shares edged up 0.30p to 121p in early trading on Tuesday.
Looking ahead to an interim management statement from 3i (III) due on 6th July, Evolution Securities expects to see confirmation that Q1 has been busy and believes that this momentum should continue in Q2. "While cash flow may well be strong," notes the broker, "uplifts/capital gains will be more modest." However, Evolution believes that a H1 NAV of 370p remains possible, which makes 3i look cheap at the current price, and the broker therefore retains its "buy" stance