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John Laing Group (JLG)     

skinny - 01 Apr 2015 07:33

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Listed on 12th February 2015.




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Key facts

John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including the UK, Europe, Asia Pacific and North America.

Company Website

Financial Calendar

Recent Broker notes

BarChart Indicators

Recent Market news

John Laing Group's Fundamentals (JLG)

skinny - 01 Apr 2015 07:33 - 2 of 90

Recent News.

Final Results

John Laing Group plc (John Laing or the Company or the Group) announces another year of growth in profits and net asset value.

Financial highlights

· Record year for new investments with £217.2 million1 committed to infrastructure projects
· Realisations of £198.5 million from the sale of investments
· Investment portfolio valuation of £772.0 million, up 13% on 2013
· Group profit before tax of £120.4 million, up 7% on 20132,3
· 23% increase in Net Asset Value (NAV), from £528.0 million at 31 December 2013 to £649.8 million3
· Adjusted NAV per share at 31 December 2014 of 210p (30 September 2014 - 204p, 31 December 2013 - 177p)4
· 28% increase in external Assets under Management to £1,020 million5

Operational highlights

· Successful listing on the London Stock Exchange in February 2015, raising net proceeds of £120 million
· Further international growth with two investment commitments in Australia and one in the US
· Expansion of renewable energy activities, including the Group's first investment in a biomass project
· Both phases of the Manchester Waste project, one of our largest investments, operational from January 2015
· Launch of JLEN in March 2014, a listed fund targeting environmental infrastructure investments
· £100 million special contribution in February 2015 to reduce our pension deficit as part of the IPO process

skinny - 01 Apr 2015 08:00 - 3 of 90

I also hold John Laing Infrastructure Fund.

Chart.aspx?Provider=EODIntra&Code=JLIF&S

skinny - 01 Apr 2015 08:24 - 4 of 90

Disposal

John Laing Group plc ("John Laing") - disposal of three investments in renewable energy assets



London, 1 April 2015 - John Laing, the leading investor and manager of international infrastructure projects, today announces the disposal of three investments in renewable energy assets to John Laing Environmental Assets Group Limited (JLEN) for an aggregate cash consideration of £42.5million.

Branden solar parks - disposal of 64% stake

Branden comprises two separate solar parks in Cornwall, with a total generating capacity of 14.7MW, together accredited for 2 ROCs. The sites have been operational since March 2013.

Wear Point wind farm - disposal of 100% stake

Wear Point is located near Milford Haven in South Wales. It comprises four Senvion MM82 turbines with a total generating capacity of 8.2MW and is accredited for 0.9 ROCs. The site has been operational since June 2014.

Carscreugh wind farm - disposal of 100% stake

Carscreugh is located near Glenluce in Dumfries and Galloway, Scotland. It comprises 18 Gamesa G52 turbines with a total generating capacity of 15.3MW and is accredited for 0.9 ROCs. The site has been operational since June 2014.

The cash consideration of £42.5million exceeds the combined portfolio value of the investments at 31 December 2014. The aggregate returns achieved are consistent with John Laing's track record of returns from disposals of renewable energy investments.



Ends

skinny - 01 Apr 2015 13:36 - 5 of 90

26 Mar 15 Barclays Capital Overweight 206.75 - 240.00 Initiates/Starts

26 Mar 15 RBC Capital Markets Outperform 206.75 - 230.00 Initiates/Starts

skinny - 01 Apr 2015 16:38 - 6 of 90

An excellent candle.

Chart.aspx?Provider=EODIntra&Code=JLG&Si

Martini - 01 Apr 2015 18:23 - 7 of 90

This is turning into a very sensible share to hold for me.

I usually expect my shares to go up and down 25% in a day.

Disappointed in the first few days of the flotation but hey look at that chart now.

skinny - 01 Apr 2015 19:55 - 8 of 90

It's looking quite good for a 'boring' share isn't it.

I've held JLIF since March 2011 - never going to set the world alight but +20 odd plus % and a yield of 5+% - means easier sleeping!

dreamcatcher - 09 Apr 2015 19:14 - 9 of 90

Naked trader - New Issue John Laing (LON:JLG) is now doing the business and this week has gained very well, a few sellers around at 212 but if that clears 230 beckons.

Martini - 10 Apr 2015 15:38 - 10 of 90

Added few more today just below 212 in the hope it may break out.

skinny - 15 Apr 2015 07:48 - 11 of 90

East West Link update

statement re: East West Link project, Melbourne, Australia.

John Laing Group plc announces that the East West Connect consortium, in which John Laing Group has a 30% shareholding, has reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement providing a satisfactory resolution to the East West Link project.

The agreement enables the Victorian Government to acquire the East West Connect project companies for a nominal consideration. The agreement also enables the sponsors of the project companies to cease work on the East West Link project.

John Laing Group expects its investment commitment of £60.7 million (sterling equivalent at 31 December 2014), which is made up of cash collateral and a letter of credit, to be returned in full. As previously disclosed, John Laing ascribed no value to this project in its portfolio valuation as at 31 December 2014.

John Laing Group looks forward to pursuing future projects in the State of Victoria.



Ends

skinny - 12 May 2015 17:00 - 12 of 90

A strong finish and a new high @228.50p.

skinny - 15 Jun 2015 07:04 - 13 of 90

Statement re: East West Link project, Melbourne, Australia.

Further to John Laing Group's announcement dated 15 April 2015 that the East West Connect consortium, in which John Laing Group has a 30% shareholding, had reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement, John Laing Group today announces that the consortium has agreed a final resolution to the East West Link project.

Under the terms of the agreement with the Victorian Government, John Laing Group's investment commitment of £60.7 million (sterling equivalent at 31 December 2014), which is made up of cash collateral and a letter of credit, will be returned shortly in full. As previously disclosed, John Laing ascribed no value to this project in its portfolio valuation as at 31 December 2014.

Ends

skinny - 22 Jun 2015 07:09 - 14 of 90

Pre-close Update

Highlights
· Total investment commitments of £72 million with a strong pipeline and positive outlook in core markets
· Total realisations to date of £42 million, on track to achieve full year target of c.£100 million
· John Laing's shares will be included in the FTSE250 Index with effect from today

Investment Activity
· International Primary Investment activities continuing as planned, with good levels of bidding activity across all our core markets of Europe, North America and Asia Pacific
· Public Private Partnerships ("PPP"): £41 million investment commitment in February 2015 to the Sydney Light Rail project
· Renewable Energy: Two wind farm investment commitments in the second quarter of 2015 totalling £31 million with estimated installed capacity of c.55MW, in Ireland and Sweden

Realisations
· Three operational renewable energy assets sold in April 2015 for total cash consideration of £42 million
· Further disposals are in progress, in line with the Group's target for the full year

Investment Portfolio
· Major projects under construction progressing according to schedule
· Operational projects continuing to perform to plan
· First train for Phase 1 of the Intercity Express Programme undergoing testing on the UK rail network
· First distribution from Manchester Waste projects expected shortly
· As announced on 15 June 2015, agreement reached with the Victorian Government regarding the cancellation of the East West Link project, resulting in the return in full of John Laing's investment commitment

Pension Fund
· £27 million scheduled contribution paid in late March 2015 to the John Laing Pension Fund in line with the agreed deficit recovery plan

Outlook
· Pipeline of new investment opportunities remains strong in both PPP and Renewable Energy, supported by our relationships with key partners
· Full year investment commitment target remains at £150 - 200 million, with potential commitments weighted towards the second half of 2015 as previously flagged
· Market demand remains strong for secondary infrastructure investments

more....

skinny - 27 Aug 2015 07:44 - 15 of 90

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015

John Laing Group plc (John Laing or the Company or the Group) announces its unaudited results for the six months ended 30 June 2015.

Financial highlights
· Net asset value (NAV) £821.7 million, up 6.6% from £771.1 million1 at 31 December 2014
· NAV per share at 30 June 2015 of 224p (31 December 2014 pro forma - 210p2)
· £72.1 million committed to new infrastructure projects (six months ended 30 June 2014 - £84.7 million)
· Realisations of £54.1 million from the sale of investments in project companies
· Investment portfolio valuation of £712.8 million (£772.0 million at 31 December 2014), giving underlying growth of 6.7%
· 8% increase in external Assets under Management to £1,103 million3 since 31 December 2014
· Interim dividend of 1.6p per share payable in October 2015, in line with commitment in IPO prospectus

Operational highlights
· Further investment commitment in Australia
· Two European onshore wind farm investments
· Both phases of the Manchester Waste investment now operational
· Satisfactory resolution of the East West Link project in Melbourne, Australia
· Cash yield from investments in line with expectations

skinny - 01 Mar 2016 17:14 - 16 of 90

Full year results on 8th March.

HARRYCAT - 01 Mar 2016 18:02 - 17 of 90

I have JLIF which seems to be lagging behind JLG. :o(
Of course, the yield is better :o)

skinny - 01 Mar 2016 19:44 - 18 of 90

JLIF Ex-dividend this Thursday @3.41p.

skinny - 08 Mar 2016 07:20 - 19 of 90

Final Results


Highlights

· Successful listing on the London Stock Exchange in February 2015, raising net proceeds of £121.3 million

· 15.4% increase in Net Asset Value (NAV), from £771.1 million1 at 31 December 2014 to £889.6 million

· NAV per share at 31 December 2015 of 242p (2014 - 210p pro forma2)

· New investment commitments of £180.5 million versus an annual average of £135 million over the previous four years

· Realisations of £86.3 million from the sale of investments

· Profit before tax (pro forma) of £106.6 million compared to £120.4 million in 20143

· 11% increase in external Assets under Management (AuM) to £1,136 million4

· Cash yield from investment portfolio of £38.9 million (2014 - £24.3 million)

· Continuing international growth with investment commitments in seven different countries: Australia, France, Germany, Ireland, Sweden, the UK and the US

· Final dividend of 5.3p per share in line with policy (including a special dividend of 2.1p per share)

HARRYCAT - 16 Mar 2016 08:21 - 20 of 90

StockMarketWire.com
John Laing Infrastructure Fund reports a 'solid set of results' for the year ended 31 December.

The group declared a dividend in February of 3.41 pence per share for the six months to 31 December, up 1.04%, in line with UK inflation. Dividends of 6.75 pence per share were paid in the year.

Other highlights:
- Net asset value of £883.1m, representing a NAV per share of 108.4 pence

- Underlying portfolio growth of 8.34%, 0.22% ahead of growth arising from discount rate unwind

- £73.3m received in cash from investments, £4.3m ahead of project forecasts

- New investments of approximately £104.4m since 31 December 2014, comprising one additional interest and three new assets (two of which represented events after the balance sheet date)

- Total Shareholder Return of 50.2% since launch (November 2010), 9.9% annualised (simple basis)

Chairman Paul Lester said: "It is pleasing to announce another solid set of results for 2015. Since the end of the year, we have made our first investment in the Spanish market via a stake in the Barcelona Metro Stations project and agreed the acquisition of two further UK social infrastructure projects from John Laing Group.

"To repay the debt drawn to finance these acquisitions we launched a shareholder tap issue in February 2016 which, being oversubscribed and accretive to NAV, raised gross proceeds of £92.9 million. We are pursuing a number of live opportunities in various jurisdictions and are confident of growing JLIF further both by acquisition and active asset management in 2016."

HARRYCAT - 22 Mar 2016 09:50 - 21 of 90

Barclays Capital today reaffirms its overweight investment rating on John Laing Group Plc (LON:JLG) and raised its price target to 270p (from 240p).
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