pancaked
15 Aug 2016
Sell ? I do not take the paper, but a friend asked if I saw Saturday (13th Aug) Times. Seemingly there was an article which intimated that ALL infrastructure operations were over priced.However, it seemingly did comment that HICL is one of the better ones.I will look on line for the article.But, are infrastructure companies past their prime? Time to sell and move on?I'm not sure.
budu
09 Aug 2016
Re: Sold Go it, thanks.
deepsleeves
08 Aug 2016
Re: Sold SoIf you were considering a switch in holdings to say HFEL and considered its current yield of 5.5% by comparison to your historic yield on HICL of 5.64% you may decide not to bother.The true comparison should be HFEL current yield of 5.5% against HICL's current yield of 4.5% . Such a comparison may make you more likely, everything else being equal, to switchDeep
budu
08 Aug 2016
Re: Sold I'm not clear what this means.
deepsleeves
05 Aug 2016
Re: Sold BuduSurely yield has to be considered as a factor of current share price to be comparable to alternativesDeep
budu
05 Aug 2016
Re: Sold Bought 30-7-13 at £1.37, yield after expenses now 5.64%. That'll do nicely.
imperator2008
04 Aug 2016
Re: Sold Going from strength to strength. Low interest rate environment very good news for these guys.
gamesinvestor
13 Jan 2016
Sold Bit slow on the uptake here, but I sold on 18th December at 151.xxMoving a lot of stuff into cash and this one is at a hefty premium to net assets and shareholder dilution at each capital raise.Did the same with 3INGames
deepsleeves
14 Apr 2015
Re: Buying opportunity (Yes/No) %>Like you I have held these for some time, 2 years in my caseNot sure that NAV is particularly relevant to HICL model as the future income from owning/managing infrastructure is mostly predetermined. So long as HICL is able expected to pay dividends at a particular level the share price should reflect that income stream.Potential changes in interest rates would have more of an impact and the share price could fall quite quickly if rates rose significantlyGiven the level of my investment however I am not thinking of investing any moreDeep
percentagegain
13 Apr 2015
Re: Buying opportunity (Yes/No) I wouldn't.I've held these for several years and they have done very well; good income, decent dividend growth, low risk and steady capital gains. But they have long traded at a hefty premium for quite some time now, which i wouldn't be prepared to pay today as a new investor.There are several other similarly good infrastructure funds like 3i, which trade at a slightly less inhibiting premium.
highsnlows
13 Apr 2015
Buying opportunity (Yes/No) HICL has dropped about 5% in the last month - I'm thinking this might be a buying opportunity, however the FTSE is above 7000 and as such I've become a little cautious about stepping in whilst the FTSE is so high.Any thoughts on the above or views regarding the recent 5%ish fall?HnL
deepsleeves
20 Nov 2014
Re: Interim Results Thanks GamesAnother solid divi payer4.9% next year on current SP and nearly 6% on costDeep
gamesinvestor
20 Nov 2014
Interim Results The Directors of HICL Infrastructure Company Limited announce the results for the six months ended 30 September 2014.Interim Highlightsfor the six months ended 30 September 2014· Interim dividends plus uplift in NAV per share contributed to total shareholder return of 9.0% in the six month period.· Aggregate quarterly dividends declared in first half of 3.62p per share (2013: 3.50p) and on track to achieve the 7.25p per share dividend target for the year to 31 March 2015. Target dividend guidance for the financial year to 31 March 2016 of 7.40p per share.· Value of the Group's investment portfolio as at 30 September 2014 of £1,639.1m1, up 9.2% from £1,500.6m at 31 March 2014.· Valuation growth of 9.2%, driven by accretive acquisitions, revaluation of certain investments including an investment the Group has contracted to sell, portfolio performance and a net positive impact from valuation assumptions. · Net asset value ("NAV"
per share (post interim dividend) of 130.5p, up 7.4p (6.0%) from 123.1p at 31 March 2014.· Three new investments and three incremental stakes acquired during the period for £63.7m funded by £51m equity tap issue in June and drawings under the Group's revolving credit facility. · Four additional acquisitions of incremental stakes made since the period end for a combined consideration of £103.6m have resulted in a net funding requirement of £104m. · Continued strong interest in UK PPP/PFI infrastructure investment driving up valuations and making sourcing of similar UK investments more challenging. · Investment Adviser continues to pursue a disciplined acquisition strategy focused on using its network of industry contacts in the UK and internationally to source new investment opportunities.
