investorprotestor
24 Jul 2015
Re: Return of Capital and Stock Consolid... Net result, less money invested in the company and some cash, equivalent to the lesser amount invested, in my account. Wow - I could have done that by selling 10% of my shares.
jonwig1
22 Jul 2015
Re: Return of Capital and Stock Consolid... For every 10 shares you owned on 6 July, 1 share was cancelled (not sold) and from 7 July you hold 9 shares plus 170p cash to be paid on 31 July.Net result: all square.As for dividends, the current 7p, based on 10 shares would pay you 70p.Next year, the dividend target is 7.25p which will net you 65.25p since you own only 9 shares.An apparent dividend increase is no such thing!But I wouldn't worry - basically they are saying, "We have loads of cash, but not enough ways to use it now that we've sold Eversholt, so we're giving you some of your own money back. We're a smaller company now, so the total dividend payout can't be as large."
stout-hart
21 Jul 2015
Re: Return of Capital and Stock Consolid... Well, yes and no.Yes, they are effectively selling 10% of our shares, but as this represents a special dividend, the "normal" earnings level is unchanged therefore it should equate to an enhanced dividend payout of 10% more per share. Not a decrease in money terms as suggested by Jonwig. Unless I'm missing something....
investorprotestor
21 Jul 2015
Re: Return of Capital and Stock Consolid... so basically they are selling some shares for us??????????????????????????????
Christo6
06 Jul 2015
Re: Return of Capital and Stock Consolid... Thank You ! Jonwig 1Regards
jonwig1
06 Jul 2015
Re: Return of Capital and Stock Consolid... If you hold 10 shares now, you'll get 10 x 17p = 170p, and own 9 shares thereafter.Since 17p is approximately 10% of the current share price, the new shares should have about the same price each as before the action.Notice that the forward dividend stream appears to have increased, but it's based on fewer shares, so is in fact a decrease in money terms!
Christo6
05 Jul 2015
Re: Return of Capital and Stock Consolidatio... Will the 17p per share be based on current share holding or on the 9 for 10 consolidated figure?What impact will this have on the share price?Comment pleaseRegards
gamesinvestor
14 May 2015
Return of Capital and Stock Consolidation The Company has announced a Return of Capital of GBP150 Million, equivalent to GBP0.17 per share expected to be made in July 2015, by way of a special cash dividend.There will be an accompanying share consolidation.The proposals will be subject to shareholder approval at an Extraordinary General Meeting to be held on 7 July 2015. To view the announcement in full, please copy the link below and paste into your web browser: [link]
albent
03 Apr 2015
3i Infrastructure yielding 4.19% 3i Infrastructure (3IN): [link] infographic has some good data.
jonwig1
20 Jan 2015
Re: Sale of Eversholt A 15p addition to latest reported NAV, I calculate.
gamesinvestor
20 Jan 2015
Sale of Eversholt Well this is a surprise, no doubt they have extracted enormous fees from this, but what ho - at least the stock is up 5% :-[link] Infrastructure plc sells investment in Eversholt Rail3i Infrastructure plc ("3i Infrastructure"
announces it has agreed to sell its entire stake in Eversholt Rail Group ("Eversholt Rail", one of the three leading rail rolling stock companies in the UK, to CK Investments S.A R.L., a company jointly owned by Cheung Kong Infrastructure Holdings Limited and Cheung Kong (Holdings) Limited, (together, "CKI".The sale of the investment will generate estimated proceeds of approximately £358 million (subject to completion adjustments and excluding certain transaction costs) for 3i Infrastructure. In addition to these proceeds, which include £5.9 million of interest receivable, 3i Infrastructure received a distribution of £15.5 million from Eversholt Rail in December 2014. The valuations of Eversholt Rail were £240.8 million at 30 September 2014 and £160.3 million at 31 March 2014.3i Infrastructure acquired its interest in Eversholt Rail in December 2010 as part of a consortium with Morgan Stanley Infrastructure Partners and STAR Capital Partners with its co-investor PGGM. All of the investors in Eversholt Rail have elected to sell their entire interest in Eversholt Rail to CKI. The enterprise value of the transaction is approximately £2.5 billion. Completion of the transaction remains conditional upon receiving clearance from the European Commission under the EU Merger Regulation and it is anticipated that the transaction will close in March 2015.Eversholt Rail owns approximately 28% of the current UK passenger train fleet. Its 19 fleets, predominantly weighted towards electric trains, are leased to 11 Train Operating Companies. Eversholt Rail also owns a fleet of freight locomotives.Over the past four years, the consortium has worked closely with the management team to establish Eversholt Rail as a successful independent company. The consortium has supported the business in its re-franchising programme and in assessing a range of capital investment opportunities, both to add further trains to the overall fleet and to invest in upgrading existing assets to provide better passenger experience and improved reliability, at good value for money for customers.In addition, the consortium optimised the company's capital structure through the issuance of three long-dated public bonds totalling £1.1 billion in December 2010 and March 2011, a private placement of £150 million in December 2012 and two further bank refinancings in November 2013 and November 2014, on attractive terms.Peter Sedgwick, Chairman, 3i Infrastructure plc, commented:"While 3i Infrastructure generally aims to hold its Core investments over the long term, it will sell investments from time to time where this generates significant additional value for shareholders and it is in this context that we have taken the decision to sell our shareholding in Eversholt Rail. We carefully evaluated the price offered against our assessment of the potential for the business, as well as the impact on our investment portfolio of selling this investment.We have been busy developing a healthy pipeline of new investment opportunities and look forward to bidding on a number of Core opportunities over the coming months while remaining disciplined and targeted in what we pursue, maintaining our focus on opportunities with clear infrastructure characteristics that will deliver attractive risk-adjusted returns to our shareholders."Ben Loomes and Phil White, Managing Partners and Co-heads, Infrastructure, 3i Investments plc, added:"We are pleased with the sale of Eversholt Rail to CKI, which generates an exceptional return for 3i Infrastructure's shareholders. We are proud of what we have achieved with Eversholt Rail through ou
gamesinvestor
27 Nov 2014
ex divi today
gamesinvestor
20 Nov 2014
Re: Investment in la Sante prison PPP There are only two AIM shares I would consider and I don't hold shares in either of them, but if the valuation was more attractive I might and that's :-1. Treatt -- TET2. Advanced Medical Solutions - AMSGames
alpal
18 Nov 2014
Re: Investment in la Sante prison PPP There's a gremlin that grabs my mouse and makes me buy shares in AIM companies. My latest brilliant investment is in a company where the directors 'bought' shares but it turned out they had actually sold 10 times as many in a 'structured' deal. The shorters are having a field day!
