jonwig1
04 Dec 2014
Re: Seem overpriced now NAV premium is in line with other infra funds such as 3IN, HICL, JLIF.Loans are implicitly guaranteed by HMG, and only retrospective change in government policy (ie. no grandfathering) would cause default.There are, I think, 36 loans in their portfolio. One defaulting would be bad, yes, but not terminal.
LoadsaDosh2
04 Dec 2014
Seem overpriced now On 17th Nov. RNS said NAV was 103p. Bearing in mind the NAV consists of loans and it only takes one loan to go bad to upset things, the 15% premium on the share is looking expensive now. I sold mine.
