RE: Sircliff13 Nov 2013 17:05
from investors chronicle:
Infinis, which has been built up over several years both organically and through acquisition by Guy Hands' Terra Firma private equity house, is a profitable and strongly cash generative business with decent growth prospects and, what's more, it plans to pay out a chunky dividend yield pretty much from the word go. The company has said it intends paying out £55m in dividends this year, pro-rata for the time it is a listed company, and the same amount next year. Based on the offer price of 260p-310p, which will value the business at between £780m and £930m, the yield on an initial purchase in Infinis could be between 5.9 per cent and 7.1 per cent, with management hoping to increase dividends at least in line with inflation in future.