victor boson
18 Jan 2018
Re: Time to bail out ? we are told on the news that these private public contracts are lucrative and costing the tax payer money but Carillion goes bust.[link] to me the free market is working fine.
lotusnut
18 Jan 2018
Time to bail out ? So, I know why we have seen a fall of 8% in recent weeks, but arent these discussions by the tories and threats by labour just that. Surely the government needs to keep up on infrastructure projects, and they have no money to do it. Companies like HICL have to provide the capital for them. Longer term this should be safe... No ?
budu
20 Nov 2017
Re: Miton Fund - views on Infrastructure Now I get it, thanks.
Blanketstacker
20 Nov 2017
Re: Miton Fund - views on Infrastructure Underlying all this is also the stated policy of Labour to take more projects 'in-house'.
gamesinvestor
20 Nov 2017
Miton Fund - views on Infrastructure This is an article on HICL and Infrastructure and why they are not investing here at the moment :-[link] was written back in June and the share pricehas fallen somewhat since then, so maybe they are re-evaluating their positions.This extract is interesting :-""HICL’s most recent reported results are a good illustration. Over the year to 31 March 2017 NAV/share grew from 142.2p to 149.0p, excluding dividends paid of 7.6p/share. However, the 6.8p/share growth in NAV included 2.1p as a result of share issuance at a premium and 2.8p as a consequence of an aggregate reduction in the discount rate applied to future cashflows.Therefore, underlying growth in the value of the portfolio over the year was 1.9p/share; or 1.3 per cent. The dividend paid totalled 7.6p, an attractive yield of 4.5 per cent based on the current share price, but in terms of capital growth over the year HICL delivered a negative real return, once the gains from lowering its aggregate discount rate and issuing new stock at a premium are excluded."""When you add in the 1% management charge it's real return I guess is even more negative.This is probably why the share price has fallen so much.That and the 2nd reason which is the scarcity of quality investments out there, also described in more detail in the article.And 3rd -- the belief that there is a degree of investor complacency around the potential downside risks to NAV relating to rising risk free rates.Games
Blanketstacker
19 Nov 2017
Re: iii Star Rating YTD is minus 3.36%.
budu
19 Nov 2017
iii Star Rating This stock looks good to me and I plan to get some more, come next ISA season, but why do posters think iii give it only a one star rating?
FRTEB
27 Oct 2017
HICL in the news HICL in the news and not for the right reasons: [link]
PIE-EATER
27 Oct 2017
Re: Why ? Probably normalisation of interest rates in HICL case (so massive premium being reduced) and with HDIV a case of resetting unrealistic dividends to a more sustainable level.FWIW, i hold both (albeit in small amounts)PE
foolish learner
26 Oct 2017
Why ? Help pleaseWhy are JLIF and HICL tumbling/in free fall, when HDIV is rising despite their dividend cutFor interest I will post a similar question on HDIV
Ripley94
24 Oct 2017
Re: Tempted 0nly part of my limit order got lifted today @ 156p.. late after hours deal ( must be 5 min action period )had this happen a few times past week.
casabanker
26 Sep 2017
Re: Topped up I have also topped up. I fratically looked for a news item but there was nothing so I took the plunge. I also hold JLIF and noticed that was down over 4% at that time. There was no discussion blogs so I had no idea that it was a respose to a Corbyn policy statement. We have four years to persuade the milennials that all the promsed spending by Labour will need to be paid for as well as the current £1.7 trillion of debt rising to 2 trillion. Perhaps they think inflation will help!Casa.
stout-hart
26 Sep 2017
Re: Topped up The Times dealt with that point yesterday, so it looks like delayed reaction. I agree Labours suggestion doesn't sound likely or even legal. Assuming Corbyn does win the next election (please, if there is a God, no) that is potentially over 4 years away then presumably any attempt to enact this policy would be challenged in the courts. Either way the possible risk is many years in the future. A lot can happen and in the meantime, the SP premium is as low as it's been since launch with a medium term yield of just under 5% looking safe. I still think HICL is a buy, or as The Times suggests today, at least a hold.
gamesinvestor
26 Sep 2017
Re: Topped up "Can't find any good reason for todays drop"stout - it's in response to Labours announcement that they would take back all Private Finance Initiative projects (a large % of Infrastructure companies business) into public hands and restrict the existing contracts so that offshore companies shareholders can no longer take benefit for the expensive long term contracts.It doesn't sound realistic does it?But then again Teresa May is so utterly useless that she may have already handed the country back to Labour at the next election, which at this rate isn't far off.Games - what a mess
reaist
26 Sep 2017
Re: Topped up I think its a reaction to Labour's latest wheeze to nick our pensions.
