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 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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits