|Bid||0.00 x 17000|
|Ask||0.00 x 87500|
|Day's range||147.88 - 151.20|
|52-week range||1.40 - 151.20|
|PE ratio (TTM)||17.95|
|Earnings date||5 Sep 2018 - 10 Sep 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||160.00|
JLIF, one of Britain's biggest listed investors in public infrastructure projects, said the potential offer is worth 142.5 pence per share and includes the payment of a dividend of up to 3.57 pence per share to JLIF shareholders. The offer represents a premium of nearly 21 percent to JLIF's closing share price of 118.2 pence on Friday. JLIF's board has indicated to the consortium that it will back the offer, the company said.
International Public Partnerships Ltd (INPP.L) said in a separate statement it agreed to buy an additional interest in the Cadent gas distribution network. Cadent, formerly National Grid Gas Distribution, owns the gas distribution networks in north London, central England, the east of England and northwest England. It was renamed after National Grid sold a majority stake to a consortium.
National Grid plc said on Tuesday it would sell its remaining 25 percent stake in Quadgas HoldCo Limited, which owns Cadent Gas for cash proceeds of about 1.2 billion pounds . International Public Partnerships ...
Leading shareholders in British listed infrastructure funds are doubling down on their investments, betting the political worries that sent valuations to decade-lows are overdone. The funds, which mainly invest in building and maintaining UK assets like schools and hospitals, have boomed in recent years as successive governments supported private finance initiatives (PFI) aimed at executing projects more efficiently. The four largest listed funds, or investment trusts – HICL Infrastructure (HICL.L), International Public Partnerships (INPP.L), John Laing Infrastructure (JLIF.L) and BBGI (BBGIB.L) – issued a record 1.1 billion pounds of new shares in 2017 to keep up with the demand.
Leading shareholders in British listed infrastructure funds are doubling down on their investments, betting the political worries that sent valuations to decade-lows are overdone. The four largest listed funds, or investment trusts – HICL Infrastructure, International Public Partnerships , John Laing Infrastructure and BBGI – issued a record 1.1 billion pounds ($1.54 billion) of new shares in 2017 to keep up with the demand.