QuotedData Weekly News Show special: Has the tide turned? Register Now
  • 00
    Days
  • 00
    Hours
  • 00
    Minutes
  • 00
    Seconds
Register Log-in Investor Type

INPP benefits from Angel Trains write up

International Public Partnerships reported growth of its assets of 1.5% to £1.08bn with NAV per share increasing 1.3% to 128.6 pence (31 December 2014: 127.0 pence) for the first half of 2015. similar assets. The portfolio delivered a return of 6.1%, reflecting the move in market pricing of these assets, notably an uplift in the value of Angel Trains. It is paying a fully covered cash dividend of 3.225 pence per share (30 June 2014: 3.15 pence per share). They say the minimum target dividend for 2015 financial year is 6.45p and in 2016 6.65p pence per share.

Investment in H1 totalled £42.7m, most of which went on their existing portfolio of education assets. They have a couple of major new projects lined up including being named preferred bidder on the Westermost Rough OFTO, the Company’s sixth investment in the sector, c.£9.9m committed through the Priority Schools Buildings Programme “aggregator” funding vehicle and up to £210m for the Thames Tideway Tunnel project.

During the period the Company successfully revised the terms of its corporate debt facility, increasing the facility from £175m to £300m. The existing facility which was due to expire in December 2016 has been extended and will now become due for renewal in May 2018.

INPP benefits from Angel Trains write up

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…