Member Info for Spikeyj

at close of business thursday was - Cum Income 87.88p so the days of premium to NAV seem to have worn off, finally.

John Laing, the developer, is increasingly looking like a safe haven amid the turbulence of global capital markets, Tempus said. The company, which buys into public-private partnerships and renewable energy projects, helping to build them before selling them on for a profit, provides greater upside through its shares than picking up the stock of the infrastructure funds which it sells to. If it can maintain its rate of divestments then its pledge to distribute between 5.0% to 10.0% of the proceeds to shareholders translates into a dividend yield of about 3.5%. Nevertheless, can it find further PPP projects into which to invest? John Laing is casting its net further afield and looking at projects in North America and Australasia. In the States, governments are looking at the idea as an alternative when it comes to replacing ageing infrastructure. "I like them for their clear defensive properties and that decent yield. Decent income and safe, defensive stock, buy," Tempus concluded.

ratings fairly encouraging, for what they are worth (limited) .. looks like there is some nice read-across recently from the combo of prudential results & old mutual restructuring?

me, have small-ish buy order waiting sub 1650, but no interest before that, rightly or wrongly. (don't really believe in the recent oil price rally.)

and also on the plus side, witty has bought 9 more shares. woo, and indeed hoo.

goldman say sell to 1330, deutsche say buy to 3300, who needs comedy? (or analysts?)

205 the tough ceiling to test, but still some way off yet.

company being cautious / sensible on divi maybe not bad thing in this market, as some cos. overpaying divis.

it appears not.

"The Board has decided to increase the full-year ordinary dividend by 5 per cent to 38.78 pence per share, reflecting the continued strong financial performance of the Group in 2015. The Board has also decided to award a special dividend of 10 pence per share reflecting the additional contribution to earnings from the specific management actions in the UK. "I am pleased to be able to announce such a strong performance today despite the current macroeconomic and political uncertainty, which have created a more volatile and unpredictable short-term outlook for global growth. We have the flexibility and resilience to adapt to these developments due to our focus on those markets where the need for our products is greatest, our growing level of recurring income from our sizeable in-force portfolio and our robust balance sheet position. "The fundamentals of the Group remain compelling, our opportunities are intact and we are in an enviable position to benefit from the attractive structural and demographic opportunities in Asia, the US and the UK. The disciplined execution of our strategy, underpinned by the cash generating nature of our business, positions us well to be able to continue to deliver high-quality products and services to our 24 million customers and long-term profitable growth to our shareholders."

will unleash more helicopter money for euro govs to burn on infrastructure projects with jlg, pretty pls.

Derek Potts Group Managing Director Primary Investment price £2.23 buys 49,075 taking holding to 100,415 0.027%

currency wise, my own l/t positions overall will be helped by relatively strong £ & $, not an enthusiast for euro, aus, yen. but we have silly brexit wild card coming s/term. oddly, i can't help wondering recently when to start drip feeding into some chinese equity. not yet i think, but unless world ending, it is tempting to do so in medium term. would need to find some very sensible manager - rare!

lol, i am very ex, far too ex to have a useful opinion back in my day we still had good fashioned £/DM & all that, none of this pesky new fangled euro stuff which still seems remarkably ill- conceived confusion of politics for economics. so i dunno ... i am interested in the idea that draghi might start buying $ to push euro down, historically such central intervention doesn't tend to have major lasting effect, but that's more usually when the central bankers types are trying to support their currencies, not to weaken them. bonds, i'm even more clueless, suspect there is a lot of risk being underpriced in certain sectors where companies have not yet taken full-write downs for over-inflated assets from last few years (uk commercial property a struggle yet to come?) so search to discriminate quality issuers will matter, but also there is looming serious tension between the continuing demand for divis from folks like shell & gsk, versus the potential threat to their credit ratings/bond pricing etc. my main plan at this point is to hide under sofa cushion until it's all over.

enough response to the results in a dodgy overall market. hold for me.

suggests more broadly too, that there is a lot of hot money swilling around where the owners have precious little confidence about where would really be a safe home out of all available assets. i.e. not so much that iron ore is great, more just doubt & fear that anywhere is ok.

rns 5 yrs renewal helpful in these tricky markets.

ig comment: "The 19% jump in iron ore overnight – the biggest ever one-day increase – looks far more like a warning signal than a bullish market turn. There was little within the National Party Congress announcements that warranted such a move, nor was it replicated in Chinese equities. It more raises concerns about the ability for major Chinese hedgefunds to pile into relatively illiquid parts of the commodities market to make outsized gains, as we’ve seen time and again in the copper market over the past year. Nonetheless, these moves are all fairly positive for the Aussie dollar, commodity-related equities and the banks, and we are calling the ASX up 0.5% today. Fortescue had a stormer yesterday and has today announced a joint-venture with Vale alongside the purchase of a minority stake, while BHP’s ADR is pointing to a 5.1% open today, which all points to more positivity in the materials space."

sorry, i've seen little additional news myself, so waiting on the results with keen interest. like you, am assuming that we will hear re divi.

remainder of my fantasy holding cut here. ah, if wishes were fishes ..