Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
HICL Infrastructure PLC - London-based investor in infrastructure assets - Says net asset value per share at September 30 was 159.4 pence, down 3.3% from 164.9p a year prior, reflected by an increase of the portfolio’s weighted average discount rate to 8.0% from 7.2%. Maintains total dividend guidance of 8.25p per share for the financial year ending March 31. Declares interim dividend of 2.06p per share, down slightly from 2.07p a year before.
Chair Mike Bane says: ‘The board and I are pleased with the active management of HICL’s portfolio and the solid operating result against a difficult market backdrop. Continued progress on strategic asset rotation has served to improve portfolio composition, while supporting the company’s [NAV]. This transaction activity, which has been across geographies, sectors and counterparties, gives the Board a high level of confidence in HICL’s NAV and reinforces the belief that the company’s shares have been materially oversold by public markets.’
Current stock price: 136.80p, up 0.3% on Wednesday
12-month change: down 19%
Copyright 2023 Alliance News Ltd. All Rights Reserved.