BBGI Global Infrastructure Share Price (BBGI)

I was wondering why the share price went down yesterday. I hadn't noticed that it went exdiv. That would explain it. Everything still on track then. 😀

4.2p dividend declared yesterday.

"As a result of the dividend declaration, the offer price for BBGI's recommended takeover by Boswell Holdings 3 was adjusted.

The original offer of 147.5p per share, announced on 6 February, had been reduced to 143.3p per share to reflect the value of the dividend."

Having only come on board a couple of months ago I should be happy at a quick return around 15% but I don't. The deal is not that great NAV would have eventually risen back up and if bond rates continues to fall then gone to a premium.

Like others here I liked this for a LT hold in my pension income pot, now I have to look elsewhere but it will not be easy to match the profile of BBGI. Secure income mostly inflations linked and diversification beginning from fixed term deals to long term was good. Like others I question holding but will do unless I see something better. All the best

The problem with holding is that there is now a ceiling for the SP of 145-146p. So if other infra etc. goes up by 5%, 20% or whatever, then you are missing out. Not a recommendation but I sold @145p in the initial euphoria as there simply wasn’t much financial point hanging on.

Tich, If the sale isn't wrapped up before October, I don't see any reason for BBGI not to pay a dividend and I'm not entirely certain that the purchaser would reduce the purchase price further (as I said, I think a lot will depend on NAV performance between now and then). If there was absolutely no possibility I don't think the purchaser would "reserve the right"; they'd rule it out completely from the outset. That's my take.