HICL Infrastructure NAV rises 1.6p per share

The net asset value (NAV) of listed infrastrcture investment company HICL rose 1.6p per share to 115.8p in the period from October 1st to February 11th, an interim management statement has shown.

The company reported that the NAV grew to 115.8p per share from 114.2p per share compared to in the predeeing quarter, driven primarily by increases in market prices for UK private finance investments and public private partnershuip investments.

During the period, the group reported having acquired seven new UK investments and two additional stakes in existing investments for a total consideration of £143.8m. It also completed its contract on the M80 motorway in Scotland.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Graham Picken, Chairman of HICL Infrastructure, said: "The directors are pleased with the operating performance of the business and the formal completion of our last remaining asset in construction, the M80 motorway in Scotland.

"With seven new investments and one disposal since 30 September 2012, the investment portfolio now comprises 79 social and transportation infrastructure projects in the UK, Europe and Canada. As such, the company offers investors access to not only the largest and most liquid listed social infrastructure investment vehicle of its kind in Europe, but also a portfolio of assets positioned at the lower-risk, lower volatility end of the infrastructure spectrum."

MF