Member Info for probablynotphil

You can tell when a shared is doing well when a forum is quiet

ChatGPT says:

The “inflation linkage” figure for International Public Partnerships Limited refers to how much of its underlying cash flows (and therefore returns) are tied to inflation.

A figure of 0.7 (i.e. 70%), not 0.7%, typically means:

- About 70% of the portfolio’s revenues or cash flows rise in line with inflation.

- These increases are usually built into contracts (e.g. government-backed infrastructure agreements).

- So when inflation goes up, a large portion of INPP’s income should also increase

If you genuinely saw 0.7%, that’s almost certainly a typo or misunderstanding—it would imply virtually no inflation protection, which contradicts how INPP is structured. Most infrastructure funds report linkage as a fraction (e.g. 0.7 = 70%), not a percentage.

I couldn't help using all my spare cash to top up at this price. Now I'm just going to ignore everything until 6th April and see where things are.

Assuming the nukes haven't started flying at that point.

Deutsche Bank raises Primary Health Properties target to 115 (114) pence - 'buy'

@MOTB good stuff! Interestingly, I'm in an identical situation to what you described.

I only have a small allocation to UKW though. I'm mostly HICL and INPP, super boring stuff but I'm a bit of a wimp and it lets me sleep easy at night.

One thing I'm surprised few are mentioning here is the prospect of Reform/Greens being in government. In my opinion, that is the largest impact on the share price (Reform hates renewables, Greens hates private companies making money off energy and wants to nationalise everything under the sun).

I think the local elections in May will have a massive impact on share price, since it is an indicator of where the general election may be headed. If Reform do well, as is predicted, the share price will fall lower. If there is a surprise result and Reform do worse than expected, the share price will rocket (assuming power prices and interest rates don't deviate much from current forecasts). Anyone buying now is effectively placing a bet on this either way. Personally I've taken a punt and entered at 94p.

We basically need Labour to get theiract together, and fast. Or for Reform/Greens to shoot themselves in the foot.

Strap yourself in...

I thought I got a good entry price yesterday but evidently not...

I've been reluctant to top up more Cord over the past 12 months as I'm already overweight at around 25% of my entire Sipp. However I can't resist any longer. If it's good enough for Mr Marshal it's good enough for me.

Yep, I'll be voting against them too. Will be interesting to see the results.

You definitely have bigger balls than me Bunsen! I genuinely hope it works out, you'll be sitting on one hell of a dividend every year if it pays off.

99% of the negative sentiment is because people expect a Reform/RefCon government. It is a legitimate worry, but this is now oversold imho. Once Nigel gets in, he'll be no different to Trump and flip flops his way around things but ultimately UKW will be cash generative.

Just found this new website released by CRA to visualise the Prague Gateway project. Looking good: https://www.praguegateway.com/

TrinityBridge have come out against the deal now too. Hopefully more on the way...

CGAM are looking for feedback on the merger proposal from retail investors. Make your voice heard hicl@cgasset.com

@Kpa1 care to elaborate on why you think it isn't worth it?

Me too. I Intend on holding for a long time. Let's see what happens...

I'm happy to stay the course and bank the divvies in the meantime.

Sentiment is very negative for the sector right now, not just UKW. It will change eventually.

Ian Cowie has an interesting take on this in his article in II today, especially regarding the investment managers/directors skin in the game. Worth a read.

htxpx://www.ii.co.uk/analysis-commentary/ian-cowie-two-income-investment-trusts-long-haul-ii536073

Case and point about visibility. I'm a new investor here after seeing the press release about Sizewell in Quoted Data. I'm also a holder of HICL and had planned to top up there, but have now changed that to INPP instead.

The three main things holding cord back at the moment are:

High gilt yields

FCA fee declaration rules

Contagion from DGI9

None of which are really anything in management's control, unfortunately. All they can do is keep up the good work, as they have been doing.

All three issues will be solved within the next couple of years and we'll look back at a £1 price as insanely low.