Strong full year at John Laing Infrastructure

John Laing Infrastructure Fund (JLIF), a public private partnership infrastructure firm, posted a solid increase in its annual portfolio value while lifting net asset value and its dividend payment.

John Laing Infrastructure Fund (JLIF), a public private partnership infrastructure firm, posted a solid increase in its annual portfolio value while lifting net asset value and its dividend payment.

Its portfolio value increased 41.3% to £537.4m for the year ended December 31st 2012, including acquisitions and investments. It posted underlying growth in portfolio value of 8.5%, ahead of expectations, after a steady performance over the year.

NAV increased 22.8% to £542.4m including equity raised while NAV per share rose 1.1% to 105.7p.

JLIF reported profit after tax of £32.5m on an investment basis and an increase in IFRS net assets of 17.0% to £522.4m, including equity raised.

Chairman Paul Lester said: "JLIF has made significant progress in its second full year of trading, raising over £91m of additional capital and adding over £155 million to the Portfolio Value through acquisitions and investments. JLIF continues to create value for its shareholders, expanding its international presence while maintaining a stable and steady yielding investment."

The group has increased its dividend to 3.125p, up 4.2% for the full year. The group said the increase demonstrates its on-going confidence in the stability of future cash flows.

JLIF said strong cash flows continued, with £8.3m net cash as at December 31st 2012.

CJ

Recommended

HubSpot: a tech stock set to tumble
Trading

HubSpot: a tech stock set to tumble

US tech stocks have had a fantastic couple of years. But this year is unlikely to be so bullish for high-fliers that can’t turn big profits.
18 Jan 2022
How to be better at selling stocks
Investment strategy

How to be better at selling stocks

There is plenty of advice around about buying stocks, but not so much about when you should sell. John Stepek explains the two key things to know abou…
14 Jan 2022
Share tips of the week – 14 January
Share tips

Share tips of the week – 14 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
14 Jan 2022
Fintech: how to profit as technology transforms banking around the world
Share tips

Fintech: how to profit as technology transforms banking around the world

Financial technology – from apps to APIs to the cloud – is rapidly transforming financial services. This will spell doom for some incumbent firms, whi…
14 Jan 2022

Most Popular

Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
Tech stocks teeter as US Treasury bond yields rise
Tech stocks

Tech stocks teeter as US Treasury bond yields rise

The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022