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Pin to quick picksBBGI Share News (BBGI)

Share Price Information for BBGI (BBGI)

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Share Price: 173.60
Bid: 173.60
Ask: 174.00
Change: 0.00 (0.00%)
Spread: 0.40 (0.23%)
Open: 173.40
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Low: 173.20
Prev. Close: 173.60
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BBGI SICAV S.A. is an Investment Trust

To provide a unique access to a global portfolio of high-quality infrastructure assets which generate stable, predictable cash flows over the life of government or government-backed contracts that typically extend to more than twenty years in length.

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Sunday share tips: BBGI, GlaxoSmithKline

Sun, 21st Mar 2021 12:53

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended shares of BBGI to its readers, calling attention to management's good track record and the firm's "rich" pipeline of potential investments.
BBGI, which is led by co-chief executives, Duncan Ball and Frank Schramm, is an infrastructure investor specialising in building and operating essential assets for the public sector.

The shares have enjoyed a good run since floating on the London Stock Exchange in 2011 and Midas believes there is far more road left to travel.

If in 2011 the company had 19 assets, now it has 50 spread across the UK, Europe, America, Canada and Australia.

Key to the investment thesis is that the outfit's compensation is tied to delivering the assets, such as roads and buildings, and not to whether how much they are being utilised.

But that does not mean that the firm does not make sure its clients are satisfied - quite the opposite.

Indeed, it has an established track record for looking after its assets and customers, Midas pointed out.

That provides visibility on earnings and dividends, during good times and bad, with an average contract life that is 20 years long.

"BBGI's motto is: boring is beautiful. But boring can also yield rewards. Ball and Schramm have delivered consistent dividend and share price growth since flotation and aim to continue doing so," Midas judged.

"For investors in search of low-risk shares in an uncertain world, BBGI, at £1.66, is a long-term buy."

The Sunday Times's Sabah Meddings put a 'hold' on shares of GlaxoSmithKline ahead of an expected June update from the firm on its plans to split into two companies.

Its chief executive officer, Emma Walmsley, outlined plans roughly a year ago to split the consumer brands unit and its biopharma arm.

That, argued Walmsley, would allow the consumer unit - which makes the likes of Sensodyne toothpaste - to take on more debt because it throws off a lot of cash.

The biopharma arm meanwhile would be free to invest in research and development.

But for the latter to do that, it needed to build up its pipeline of early, medium and late-stage drugs.

Hence, said Meddings: "The giant has to prove its pipeline can sustain a chunky dividend once it can no longer rely on toothpaste sales."

In February, the GSK had already warned that the break-up could harm its 2022 dividend, she added, sending the shares down by over 6% in a single session and they were now trading near their 2018 lows.

Yet GSK's management stands accused of overpaying in some instances, notably the $4.2bn spent on German Merck's lung cancer drug bintrafusp, which thus far had proven to be a "flop".

Much the same is said of its acquisitions of Tesaro, the oncology drugmaker that it bought in 2018 for $5.1bn, and its investment in Vir Biotechnology.

On the other side of the ledger, its Covid-19 treatment, developed together with Vir, had proven to be a success.

So too, its shingles vaccine, Shingrix, had notched up a 10% jump in sales in 2020 to reach £2bn and its respiratory unit had racked up a 22% jump in revenues to £3.7bn.

Even so, taking everything into account, Meddings said: "Expect bolt-on deals. Hold."

More News

BBGI Global Infrastructure buys 25% stake in Canadian hospital project

BBGI Global Infrastructure buys 25% stake in Canadian hospital project

20 Oct 21 09:36

BBGI Global Infrastructure picks up stake in Canadian healthcare network

(Sharecast News) - Investment company BBGI Global Infrastructure said on Wednesday that it had agreed to take up a 25% stake in the Canadian healthcare network Center Hospitalier de l'Universite de Montreal.

20 Oct 21 07:41

BBGI Global net asset value edges higher; affirms dividend targets

BBGI Global net asset value edges higher; affirms dividend targets

27 Aug 21 09:06

BBGI maintains dividend forecast after first half

(Sharecast News) - BBGI Global Infrastructure reported a 0.2% improvement in its investment basis net asset value in its first half on Friday, to £918.1m.

27 Aug 21 08:08

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20 Aug 21 16:12

BBGI Global Infrastructure upsizes placing to raise GBP75 million

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15 Jul 21 09:17

BBGI Global unveils trio of UK investments and plots fundraise

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7 Jul 21 10:17

TRADING UPDATES: Breedon buys Micromix; Marlowe acquires Alarm

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1 Jun 21 17:43

BBGI secures new £230m revolving credit facility

(Sharecast News) - Infrastructure investment company BBGI Global Infrastructure has secured a new committed multicurrency revolving credit facility of £230m, it announced on Tuesday, from ING Bank, DZ Bank, KfW IPEX-Bank and SMBC Bank.

1 Jun 21 08:18

IN BRIEF: BBGI Global Infrastructure co-CEOs sell GBP1.3 million worth

IN BRIEF: BBGI Global Infrastructure co-CEOs sell GBP1.3 million worth

25 May 21 16:19

BBGI Global completes Tower Hamlets social infrastructure investment

BBGI Global completes Tower Hamlets social infrastructure investment

30 Apr 21 09:38

BBGI Global Infrastructure buys Tower Hamlets social assets

(Sharecast News) - BBGI Global Infrastructure has acquired a 100% interest in a social infrastructure investment consisting of two recreation facilities and 100 affordable residential units across two sites in the London Borough of Tower Hamlets, it announced on Friday.

30 Apr 21 08:21

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

23 Apr 21 16:01

BBGI Global net asset value posts annual rise, affirms payout plans

BBGI Global net asset value posts annual rise, affirms payout plans

25 Mar 21 11:56

BBGI Global Infrastructure performs ahead of plan in 2020

(Sharecast News) - BBGI Global Infrastructure reported portfolio performance and cash receipts ahead of its business plan in its annual results on Thursday, with its investment basis net asset value rising 6.7% in 2020 to end the year at £916m.

25 Mar 21 08:23

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