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To provide shareholders with long-term, inflation-linked returns, by growing dividends and creating the potential for capital appreciation through high-quality public infrastructure projects internationally or located within core OECD countries.
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Holding for now but its getting grim
Out of favour like most infras. Lets get the Brexit headache over and maybe they will perk up.
Like most of the other infras this is getting back into its former territory
Buy in now for a punt on St.Theresa doing the Brexit deal, administering a K.O to Jeremy AND winning the next General Election.
house here, boringly upward progress, churning out of good dividends all the while..just up my street. GL holders, spectators.
another infrastructure stock enjoying a comfortable ride. along with HICL; JLIF, and BBGI, these 'underwritten' stocks rarely take a backward step...and also offer a tasty dividend. all, imo, are easy buys.
There continues to be a limited number of new start "greenfield" project opportunities in the UK and other markets, however, which limits the opportunity to invest in new construction phase assets. Nevertheless, the nature and number of current opportunities with respect to operational assets, such as offshore wind farms, make up for this, in the company's view. As a result, however, the company expects construction project will form a smaller proportion of the portfolio in the short to medium term than in prior periods. Overall, the company continues to remain positive about its prospects for the remainder of 2012 and into 2013.
Infrastructure investor International Public Partnerships (INPP) said its portfolio of assets continues to perform in line with expectations and with high levels of satisfaction from public sector clients. The market for infrastructure continues to receive high levels of interest from both retail and institutional investors as they recognise the benefits of the asset class, INPP said. As at November 14th, the portfolio comprised economic interests in 122 projects, of which 107 were in the UK, seven were in Australia, two apiece were in Canada and Germany while Belgium, Ireland, France and Italy all weighed in with one project each. The group sees no sign of waning enthusiasm on the part of governments for the participation of private sector involvement in public infrastructure projects. In the UK, the government is keen to persuade pension funds to participate in the provision of infrastructure schemes while there are also a number of investment opportunities in Australia and Europe, mainly in the regulated asset, transmission, education, transportation and health sectors which has piqued the interest of the fund's investment advisor.
NEW CONTRACT BLOWS IN AT INTL PUBLIC PARTNERSHIP A consortium consisting of quoted infrastructure investment company International Public Partnerships plus Amber Infrastructure and Drapers Gardens has been appointed by Ofgem as the preferred bidder for the long-term licence and operation of a further offshore transmission project. This is the fifth such project for which the consortium, known as Transmission Capital Partners (TCP), has been appointed as the preferred bidder. The scheme comprises the transmission cable connection to Lincolnshire Offshore Wind Farm, and is the first project in the second round of tenders to be awarded by Ofgem, the regular for the UK electricity and gas markets. The five projects now awarded to TCP have an aggregate total investment cost of around £525m, including about £282m for the most recent project, and comprise onshore/offshore sub-stations and under-sea cables connecting the mainland electricity grid network to the offshore wind farms. The revenue term for each project is a minimum 20 years. The consortium is short-listed for a further two offshore transmission projects, which Ofgem is expected to award later this year. "Further concessions are expected to be developed as the offshore generation industry expands with a total development value of up to £14bn expected over the next eight years," International PP said. Source: http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20087580 P.S. Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
THE PREMIUM APPEAL OF INFRASTRUCTURE INVESTMENT TRUSTS Infrastructure trusts are trading on an average premium of 5.6%. Giles Frost, director of the International Public Partnerships trust, explains why. Interview link: http://citywire.co.uk/money/the-premium-appeal-of-infrastructure-investment-trusts/a589550
INPP SAYS ASSET PORTFOLIO CONTINUES TO PERFORM WELL IN JAN 1 TO MAY 15 PERIOD International Public Partnerships Limited (INPP.L), an infrastructure investment company, on Wednesday said the company's asset portfolio continues to perform well and that revenues and cash receipts are in line with management forecasts. In an Interim Management Statement, the company, known as INPP, said its portfolio of 119 public infrastructure investments arising from 69 projects continues to perform in line with expectations. The company noted that the negative effects of forex movements on Net Asset Value would be outweighed by the positive effects of falling risk free rates. The Board confirmed that it expects to increase distributions in future years at least in line with its long term inflation assumption of 2.5 percent per annum. "Overall, we continue to remain positive about the prospects for the Company, both in terms of the performance of its existing assets and the opportunity to add high quality assets to the portfolio during the remainder of 2012," the company stated. Source: http://www.rttnews.com/1887338/inpp-says-asset-portfolio-continues-to-perform-well-in-jan-1-to-may-15-period.aspx?type=qf&utm_source=google&utm_campaign=sitemap
INPP'S PLAN FOR £180M FUNDRAISING IN SECOND QUARTER International Public Partnerships expects to proceed with a placing, open offer and offer for subscription of new ordinary shares during the second quarter. The company noted in its annual results published on 19 April, that approximately £170m of investment, representing three current opportunities in respect of which it has exclusivity, have progressed to an advanced stage. In addition, the company has a strong pipeline of other longer term opportunities. The proceeds of the fundraising, which is expected to have a target size of £180m, are expected to be used to pay down the company's corporate revolving debt facility and fund the acquisition of the assets in respect of which it has exclusivity, leaving the company with the ability, through the revolving debt facility, to purchase additional accretive assets in the medium term. It is envisaged that a prospectus will be published in May. Source: http://www.stockmarketwire.com/article/4364207/INPP-plans-180m-fundraising-in-second-quarter.html
2 September 2011 | 17:40pm StockMarketWire.com - John Whittle, Non Executive Director, bought 34,000 shares in the company on the 1st September 2011 at a price of 115.40p. The Director now holds 34,000 shares
Giles Frost, Director, International Public Partnerships Limited, said: "I'm delighted to announce another robust set of full year results, underpinned by a steady growth in both profits and revenue for the Company. The portfolio has continued to perform well against a backdrop of political change and spending cuts. Our success in entering the offshore transmission market has been particularly pleasing and we look forward to the healthy pipeline of investment opportunities already outlined for 2011." The Board of Directors of International Public Partnerships Limited, commented: "An excellent set of results has once again highlighted the group's unique portfolio diversification and unrivalled asset management capability. INPP's strong long-term relationships with its public sector clients has been crucial amidst political change and I'm delighted that the group can once again provide shareholders with an increase in dividend and steady capital growth."
Highlights · Net Asset Value (NAV) of £541.9 million as at 31 December 2010 (£420.2m - 31 December 2009) · NAV per share of 113.1p (112.1p - 31 December 2009) · Profit before tax of £15.9m (£11.4m - 31 December 2009) · Full Year Dividend of 5.70p per share (5.55p per share - 31 December 2009) · Successful raising of over £100m of additional capital during 2010 · Six investments completed in 2010 with an exceptional pipeline of further opportunities for 2011 · £23m of new investments completed in 2011 to date, including the pathfinder Ofgem offshore transmission project at Robin Rigg and nine new investments announced separately today · Total shareholder return since inception of 40.7% (FTSE 250 - 24.4%)
http://www.investegate.co.uk/Article.aspx?id=201103310700129688D
Giles Frost, Director, International Public Partnerships Limited, commented: "I'm delighted to announce nine further acquisitions today which are closely aligned with the key investment criteria of the Company and will complement our existing portfolio well. The projects further underline our long-term commitment to investing in UK social infrastructure and the excellent investment pipeline in place for INPP."
Acquisition of Nine Investments International Public Partnerships Limited (INPP), the listed infrastructure investment company, which invests in global public infrastructure projects developed under the public private partnerships (PPP) and private finance initiative (PFI) procurement methods, today announces the acquisition of nine investments in the UK. The nine projects include the Liverpool Central Library, one of the flagship legacy projects for the Liverpool City Council in 2008, as part of the Liverpool European Capital of Culture programme, as well as eight NHS LIFT projects. The Liverpool Central Library involves the refurbishment and replacement of the 1950's/1970's library facility. The project was awarded to Amber (80.1%) and Shepherd Construction (19.9%) in October 2009 and reached financial close in July 2010. Construction is now underway and is on schedule for completion in December 2012. The project meets the Company's key investment criteria including: · Long-term, 25 year concession term ending in 2037 · Majority (80.1%) ownership and pre-emptive rights over the remaining stake held by the project partner, Shepherd Construction · Debt facility in place, and 100% swapped at a fixed rate for the life of the concession · Indexation of relevant operating costs. In addition, the Company is also acquiring interests in eight UK LIFT projects: three new projects including South Bristol Community Hospital, Goscote Palliative Care Centre, and Harrow Neighbourhood Resource Centres; as well as additional interests in five existing NHS LIFT projects. The total acquisition price for all nine projects is £10.8m which represents a 6.2% discount to the independent valuation carried out on behalf of the INPP Board.
http://www.investegate.co.uk/Article.aspx?id=201103310700119676D
Intl. Public Partnerships in 9 new investments Date: Thursday 31 Mar 2011 LONDON (ShareCast) - Infrastructure investment group International Public Partnerships (INPP) saw its net asset value (NAV) per share stuck in cement in 2010, a year characterised by concerns about spending cuts. NAV per share at the end of 2010 stood at 113.1p, up a penny from a year earlier. This was despite total net assets rising to £541.9m at the end of the year from £420.2m at the end of 2009; the company issued equity on a number of occasions during 2010, raising more than £100m, which diluted the net asset value per share. “The portfolio has continued to perform well against a backdrop of political change and spending cuts,” said director Giles Frost. Profit before tax surged to £15.9m from £11.4m in 2009. The full year dividend has been increased to 5.70p from 5.55p in 2009. The company completed six investments in 2010 while in 2011 it has already pumped £23m into new investments, and has announced another nine new investments, comprising the Liverpool Central Library project, plus eight NHS Local Improvement Finance Trust (LIFT) projects. The total acquisition price for all nine projects is £10.8m, representing a 6.2% discount to the independent valuation carried out on behalf of the INPP board. “Our success in entering the offshore transmission market has been particularly pleasing and we look forward to the healthy pipeline of investment opportunities already outlined for 2011,” Frost added.
She's curving up and the volume is green! COME ON!!