The Lemon Fool

Bought PINT last year at IPO around November and the company is yet to fully invest it's cash. Recently the share price dropped back a little (I think) possibly due to excise of convertible shares into ordinary shares. New RNS about an investment in a US power generation company. Seems PINT are building a nicely diversified portfolio of assets and aren't rushing head long into it after the IPO. Nor are they investing in just one or two business types. For those looking for infrastructure investment and a future of pretty reliable income stream, could be an opportunity to buy in before the typical large premium to NAV develops?

Sequoia Economic Infrastructure (SEQI) large well established infrastructure IT fully invested 6.7% yield. One or two problem holdings (e.g Bulb) currently 5% discount. A better alternative I would suggest.

Parky wrote:Sequoia Economic Infrastructure (SEQI) large well established infrastructure IT fully invested 6.7% yield. One or two problem holdings (e.g Bulb) currently 5% discount. A better alternative I would suggest.

Thanks. Latest available factsheet shows 1% premium. Anyhow, a shame that all SEQI seems to have done for the last 5 years is return your capital as a dividend? (From the latest available factsheet). Not for me, but thanks all the same.

Discount figure was from HL.

This is because Morningstar do not estimate the NAVs for alternative asset funds. So the last NAV was around 98.4p for 31/05/2022 and the share price on that day was 99.1p. Since then the share price has dropped to 93.2p hence the discount. When a new NAV is released it will likely change again.

BullDog wrote:Bought PINT last year at IPO around November and the company is yet to fully invest it's cash. Recently the share price dropped back a little (I think) possibly due to excise of convertible shares into ordinary shares. New RNS about an investment in a US power generation company. Seems PINT are building a nicely diversified portfolio of assets and aren't rushing head long into it after the IPO. Nor are they investing in just one or two business types. For those looking for infrastructure investment and a future of pretty reliable income stream, could be an opportunity to buy in before the typical large premium to NAV develops?

Thanks for that BullDob. It looks interesting, but I already hold: JLEN, BSIF, NESF (and GSF & GRID storage) and more recently added DORE which includes hydro as well as solar and wind. So I think I might be overdoing that sector to add another.

PINT in the sales today. 102p. If I hadn't just exercised my convertible share options at 101p, I would be buying more PINT shares in the market. Bargain. But I guess there's loads of those at the moment

Anyone interested in buying more PINT might care to note the RNS this morning regarding a £250 million C share issue at 100p. The RNS update also lists investments made and near term investment pipeline. All of which are very impressive.

Related article, for info:

https://www.theaic.co.uk/aic/news/cityw ... hare-issue