Overview
BBGI Global Infrastructure (formerly BBGI SICAV ) is a closed-ended investment company incorporated in Luxembourg, listed on the main market of the London Stock Exchange. BBGI has a portfolio consisting of over 25 PFI/PPP assets diversified by geography and sector across availability-based road projects and a range of social infrastructure projects in the UK, continental Europe, Canada and Australia. BBGI changed its name from Bilfinger Berger Global Infrastructure on 1 May 2014 and from BBGI SICAV on 28 October 2020.
The company’s website can be found here.
Fundamentals
Price
Research History
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20 Sep 2024 1 min read
QuotedData’s Weekly News Show Special: New government, new opportunities
On Friday’s show, James Carthew covered the week’s top stories and hosted a panel discussion between David Bird from Octopus Renewable Infrastructure Trust, Neil Hermon from Henderson Smaller Companies Trust, Georgina Brittain from JPMorgan UK Small Cap Growth & Income and Duncan Ball from BBGI Global Infrastructure. If you were looking for the first part […]
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07 Apr 2020 5 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Oct 2019 6 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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05 Apr 2019 4 min read
QuotedData’s economic roundup – April 2019
Kindly sponsored by Polar Capital Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
News
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05 Nov 2024 2 min read
QuotedData’s morning briefing 5 November 2024 – BBGI, SUPR, SRE
In QuotedData’s morning briefing 5 November 2024: BBGI Global Infrastructure (BBGI) announced that the group has secured an amendment and extension to its multi-currency revolving credit facility (RCF) with three existing lenders (ING, DZ, KfW) and Barclays as the new fourth lender, replacing SMBC. Under the new agreement, the commitment size has been reduced from […]
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30 Aug 2024 3 min read
It’s a wonderful (Vanguard) Life
The Vanguard LifeStrategy Funds are a cornerstone in the retail and financial advisory sectors. Collectively, these funds offer five passive investment strategies that blend global equity and global bond index funds in varying proportions. The allocations range from 100% equity exposure to 20% equity and 80% bonds, with each fund adjusting its weighting in 20% […]
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29 Aug 2024 2 min read
QuotedData’s morning briefing 29 August 2024 – CTPE, BBGI, GSF, NBDD
In QuotedData’s morning briefing 29 August 2024: CT Private Equity (CTPE) has published its interim results for the six months ended 30 June 2024, during which it provided NAV and share price total returns of 0.8% and -4.5% respectively. CTPE says that it benefited from strong realisations and associated income in the period of £52.3m, […]
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28 Mar 2024 2 min read
BBGI can’t pretend that 2023’s results were good
BBGI Global Infrastructure’s NAV total return for 2023 was 3.9% [we had to work that out, for some reason, the company went out of its way to avoid saying it, resorting to publishing an annualised NAV return since IPO instead, but if you think that’s odd, the really damning thing is the absence of any […]
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04 Sep 2023 1 min read
QuotedData’s morning briefing 04 September 2023
In QuotedData’s morning briefing 4 September 2023: Atrato Onsite Energy (ROOF) has implemented a revolving credit facility. The trust now has a three-year £30m line of credit available to it from NatWest, financed at 1.3% over SONIA. BBGI Global Infrastructure (BBGI) has announced that its investment in Highway 104 in Nova Scotia, Canada has achieved […]
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04 Apr 2023 2 min read
QuotedData’s morning briefing 4 April 2023
Digital 9 infrastructure (DGI9) issued a statement regarding its share price. The board and the investment manager confirmed that they are not aware of any portfolio-specific factors that have led to the recent decline in the share price. The board believes that the discount to NAV at which the company’s share price currently trades materially […]
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30 Mar 2023 1 min read
BBGI hit by discount widening
BBGI Global Infrastructure has published results for the year ended 31 December 2022. Over that period the fund generated an NAV return of 9.1%. [Bizarrely, in what is otherwise a lengthy and detailed report, the statement makes no mention of BBGI’s share price, which we can tell you fell from 175.6p to 156.6p over the […]
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31 Aug 2022 2 min read
QuotedData’s morning briefing 31 August 2022
In QuotedData’s morning briefing 31 August 2022: BBGI Global Infrastructure (BBGI) has published its interim results for the six months ended 30 June 2022. During the period, BBGI’s NAV increased by 6.5% and it provided a total shareholder return of 10.4%. BBGI says that its equity cash flows are positively linked to inflation resulting in […]
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16 May 2022 1 min read
BBGI Global Infrastructure buys German motorway
BBGI Global Infrastructure buys German motorway – BBGI Global Infrastructure (BBGI) has entered into an agreement to acquire a 49% equity interest in Via Solutions Nord, a limited partnership incorporated in Germany, being the project company for the A7 motorway public-private partnership between Bordesholm and Hamburg in Germany. BBGI says the investment offers an inflation […]
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31 Mar 2022 1 min read
BBGI marks tenth anniversary with another set of solid figures
Over the course of 2021, BBGI Global Infrastructure’s NAV increased from 137.8p to 140.7p and it declared dividends totalling 7.33p, in line with its target. The company has set out dividend targets for the next three years – 7.48p for 2022, rising to 7.63p in 2023 and 7.78p in 2024. It is 10 years since […]
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07 Feb 2022 1 min read
BBGI backs Canadian hydro refurb
BBGI backs Canadian hydro refurb – BBGI Global Infrastructure (BBGI) has invested in InPower BC General Partnership, the entity responsible for delivering the John Hart Generating Station Replacement Project, an investment made through the existing strategic partnership between BBGI and SNC-Lavalin Group Inc. The public-private partnership project consisted of the design, construction, financing, maintenance and rehabilitation of […]
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20 Oct 2021 2 min read
BBGI buys stake in Canadian hospital
BBGI buys stake in Canadian hospital – BBGI Global Infrastructure SA has entered into an agreement to acquire a 25% interest in Center Hospitalier de l’Université de Montréal (CHUM), in Montreal, Québec, Canada. The public-private partnership project originally consisted of the design, construction, finance, operation, and maintenance of a fully functional new hospital facility including new […]
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27 Aug 2021 1 min read
BBGI Global Infrastructure announces new dividend target alongside lacklustre results
BBGI Global Infrastructure announces new dividend target alongside lacklustre results – BBGI Global Infrastructure (BBGI) has released its interim results for the six months to 30 June 2021. During the period, its NAV per share remained flat with its NAV stable at 137.8 pence per share. The company reiterated that it has delivered a total […]
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07 Jul 2021 3 min read
BBGI Global Infrastructure agrees three social infrastructure investments and sets up £50m placing
BBGI Global Infrastructure agrees three social infrastructure investments and sets up £50m placing – BBGI Global Infrastructure (BBGI) has reached agreements to acquire stakes in three social infrastructure investments in the UK. They consist of a 33.33% interest in the Aberdeen Western Peripheral Route, a 100% interest in Ayrshire and Arran Hospital, and a 100% interest in […]
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01 Jun 2021 1 min read
BBGI Global Infrastructure secures £230m revolving credit facility
BBGI Global Infrastructure secures £230m revolving credit facility – BBGI Global Infrastructure has secured a new committed multi-currency revolving credit facility of £230m from ING Bank, DZ Bank, KfW IPEX-Bank and SMBC Bank. This will replace the current £180m facility with ING, DZ, and KfW which commenced in January 2018 and matures in January 2022. The […]
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30 Apr 2021 2 min read
BBGI Global Infrastructure invests in Tower Hamlets
BBGI Global Infrastructure (BBGI) has announced that it has completed the acquisition of a 100% interest in a social infrastructure investment consisting of two recreation facilities and 100 affordable residential units across two sites in the London Borough of Tower Hamlets, UK. The two recreational facilities are the historic Poplar Baths building, on East India Dock Road in […]
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25 Mar 2021 2 min read
QuotedData’s morning briefing 25 March 2021
In QuotedData’s morning briefing 25 March 2021: Tufton Oceanic Assets (SHIP) raised gross proceeds of US$14.7m by issuing 15m shares at 98 cents each. [It said that it was after $25m, so perhaps this was a little disappointing. That’s a surprise to us as shipping rates have been soaring.] The Renewables Infrastructure Group (TRIG) raised about […]
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18 Dec 2020 2 min read
BBGI Global Infrastructure completes investment in the Samuel De Champlain Bridge Corridor
BBGI Global Infrastructure (BBGI) has announced that, further to its announcement of 17 November 2020, it has now completed its acquisition of a 25% equity interest in Signature on the Saint-Lawrence Group, the operator of the Samuel De Champlain Bridge Corridor in Montreal, Quebec, Canada. Completion of the Acquisition follows the Government of Canada’s consent […]
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17 Nov 2020 2 min read
QuotedData’s morning briefing 17 November 2020
In QuotedData’s morning briefing 17 November 2020: BBGI Global Infrastructure has announced a placing of up to £55m worth of shares at a price between 164p and 172p. the money wil be used to help pay for a 25% stake in Signature on the Saint-Lawrence Group, the operator of the Samuel De Champlain Bridge Corridor in Montreal, […]
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28 Oct 2020 1 min read
QuotedData’s morning briefing 28 October 2020
In QuotedData’s morning briefing 28 October 2020 – Apax Global Alpha (APAX) announced that Genius Sports Group, a portfolio company of the Apax IX fund, and dMY Technology Group, a publicly traded special purpose acquisition company (SPAC), have agreed to combine. As a result of the business combination, GSG and dMY II shareholders will exchange their shares for […]
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28 Aug 2020 4 min read
BBGI operated at 99.8% asset availability over interim period
BBGI, which provides exposure to a global portfolio of 49 availability-based PPP infrastructure assets, has reported interim results to 30 June 2020. Over the period, the company’s investment basis NAV per share increased by 0.1%. The 2020 target dividend of 7.18pps represents a 2.6% increase compared to last year. Portfolio highlights include 99.8% asset availability As at 30 […]
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19 Aug 2020 1 min read
QuotedData’s morning briefing 19 August 2020
In QuotedData’s morning briefing 19 August 2020 BBGI SICAV (BBGI), the global infrastructure fund, has completed the acquisition of a further 50% equity position in the Kelowna and Vernon Hospitals PPP Project, located in British Columbia. Though no purchase price was disclosed for contractual reasons, BBGI said it was less than £15m. We also have interim […]
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29 Jun 2020 1 min read
QuotedData’s morning briefing 29 June 2020
Gore Street Energy Storage (GSF) announced that it had secured a further 131MW portfolio under exclusivity, including 81MW of cash generating operational assets. The operational assets, have an anticipated closing of mid-August, subject to the completion of due diligence. The 131MW portfolio of assets under exclusivity announced today is in addition to the 20MW London asset […]
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05 Mar 2020 1 min read
BBGI buys Canadian hospital and road projects
BBGI buys Canadian hospital and road projects – BBGI has completed the acquisition of a further 25% equity interest in the Stanton Territorial Hospital Project. Stanton is an operational 27,00sqm hospital with 100 patient rooms located in Yellowknife, Northwest Territories, Canada. The concession runs until 2048 and availability payments are received from the Government of Northwest […]
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21 Jun 2019 1 min read
QuotedData’s other news 21 June 2019
In QuotedData’s other news 21 June 2019 – Adamas Finance Asia will quote its shares in sterling rather than dollars with effect from 24 June. Its board believe that this will make its shares more accessible for UK investors by eliminating their need to consider the prevailing exchange rate between US Dollars and Pounds Sterling when […]
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18 Jun 2019 1 min read
QuotedData’s other news 18 June 2019
In QuotedData’s other news 18 June 2019 Primary Healthcare Properties is launching a £150m convertible bond issue and using the money to repay its £75m, 5.375% senior unsecured bonds due 2019. The new convertibles will mature in July 2025, issued at par and are expected to carry a coupon of between 2.625% and 3.125% per annum payable […]
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13 Jun 2019 1 min read
QuotedData’s other news 13 June 2019
In QuotedData’s other news 13 June 2019 – Augmentum Fintech made follow on investments totalling £8.5m in three of its portfolio companies – Tide, Monese and Duedil. BBGI has topped up its investment in the A1/A6 road project in the Netherlands. The project was part of the Schiphol-Amsterdam-Almere expansion and involved the reconstruction and widening of a […]
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16 May 2019 1 min read
QuotedData’s other news 16 May 2019
BBGI SICAV (BBGI), the global public private partnership (PPP) infrastructure investment company, announced that it had completed the acquisition of a further 33.3% equity interest in the Ohio River Bridges – East End Crossing PPP Project and now owns 66.6% of the equity in the project. The project is a large-scale availability-based infrastructure project that […]
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28 Mar 2019 2 min read
BBGI looking at offshore transmission opportunities
BBGI looking at offshore transmission opportunities – BBGI’s 2018 results are out. Highlights are: Overall NAV up 24.4 per cent to GBP774.5 million as at 31 December 2018 (31 December 2017: GBP622.5 million) and NAV per Share up 2.8 per cent to 133.5 pence per share as at 31 December 2018 (31 December 2017: 129.9 pence […]
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12 Dec 2018 2 min read
BBGI SICAV acquires interests in three new PPP projects
BBGI SICAV (BBGI) has announced that it has completed the acquisition of significant equity interests in three PPP transportation and social infrastructure projects in the Netherlands, via a partnership with VolkerWessels, and additional interests in two LIFT projects in the UK from GB Partnerships Investments Limited. It says that all five of these assets are […]
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17 Jul 2018 1 min read
BBGI buys stake in Canadian hospital
BBGI buys stake in Canadian hospital – BBGI SICAV has acquired a 25% equity interest in the Stanton Territorial Hospital PPP Project. This project is one where BBBGI’s revenues will depend on whether the hospital is available for use rather than being linked to anything like the volume of patients using it. Stanton is a new 27,000 […]
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03 Apr 2018 2 min read
BBGI plans small fund raise
BBGI plans small fund raise – BBGI SICAV results for 2017 have been published. Highlights are: NAV up 14.2% to GBP622.5 million as at 31 December 2017 (GBP545.0 million – 31 December 2016). NAV per share up 3.0% to 129.9 pence as at 31 December 2017 (126.1 pence – 31 December 2016). During the year, the Board […]
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16 Jan 2018 1 min read
BBGI and John Laing Infrastructure comment on Carillion
BBGI and John Laing Infrastructure comment on Carillion – BBGI SICAV says it has no exposure to Carillion. John Laing Infrastructure Fund Limited has 9 operational PPP projects where Carillion are the Facilities Management (“FM”) provider, 4 schools projects, 4 emergency services projects and 1 road project. The value of these projects is approximately 8.5% […]
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04 Sep 2017 1 min read
Five alternative investments for 5% plus yields
Investors’ insatiable appetite for income has pushed many innovative income funds to lofty premiums, but a host of opportunities remain. Jennifer Hill outlines five routes to pocket in flation-beating income. Investors are on the hunt for alternative sources of income, given the high valuations of many equity markets and poor value in bonds. ‘We’ve been looking […]
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30 Jun 2017 3 min read
BBGI SICAV invests in five Canadian PPP Projects with first offer agreement
BBGI SICAV has announced that it has signed an agreement to invest in five existing PPP projects and gain access to what it describes as, “a robust pipeline of future PPP projects in Canada”. The agreement is with a subsidiary of SNC-Lavalin Group to invest in an investment vehicle (referred to as a “Partnership”) which […]
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03 May 2017 2 min read
14th consecutive year of outperformance for BlackRock Smaller
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
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29 Mar 2017 2 min read
BBGI looking to raise £58.5m through a placing
BBGI has announced results for the year ended 31 December 2016. Its VAV rose by 13.1% to 126.1p over the period. Dividends totalled 6.25p. 61% of the company’s assets are located outside the UK and denominated in major currencies other than sterling. Currency weakness was a big factor in the NAV move. The portfolio of […]
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06 Feb 2017 1 min read
14 investment trusts for income and growth in 2017
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
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31 Aug 2016 2 min read
BBGI benefits heavily from sterling’s depreciation
BBGI SICAV has announced its interim results for the six months ended 30 June 2016. During the period, the company’s NAV increased by 8.7% to £521.78m, whilst its NAV per share increased by 8.3% t0 120.8p. The company’s final dividend of 3.0p per share for 2015 resulted in a total payment for the year of […]
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24 Mar 2016 2 min read
BBGI wants to issue shares at higher than a 5% premium
BBGI SICAV reports a 3.1% increase in its NAV over the year ended 31 December 2015. During the year the Board increased the dividend target. 2015 interim dividend of 3.00 pence per share paid on 29 October 2015 and further dividend of 3.00 pence per share proposed for year ended 31 December 2015, giving total […]
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27 Oct 2015 1 min read
BBGI takes 50% stake in North Commuter Parkway project in Saskatoon
BBGI is a 50% equity investor in the consortium that will design, build, finance, operate and maintain the infrastructure for a period of 30 years. The North Commuter Parkway Project involves the replacement of the 107-year-old Traffic Bridge in Saskatoon’s downtown core as well as the development of a new six-lane bridge crossing the South […]
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31 Aug 2015 2 min read
BBGI targets 4% dividend increase
Over H1 2015 BBGI delivered an increase in NAV to 110.4p from 109.2p an increase of 1.07%. The Board has increased its 2015 dividend target from 5.76p to 6.00p which represents an increase of 4.2%. The 2015 interim dividend is 3p. At 30 June 2015 the Group had a total cash balance of £51m and total borrowings of £45m. Within the portfolio they […]
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29 Jul 2015 1 min read
BBGI buys two schools projects
BBGI has signed a Sale and Purchase Agreement with John Graham Holdings Limited to acquire 100% of the equity and subordinated debt interests in two educational PPP projects in Northern Ireland. Belfast Metropolitan College is an educational campus comprising two five-storey teaching facilities and a two-storey engineering facility with associated car parking and a landscaped […]
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09 Jun 2015 1 min read
BBGI buys rest of prison project
BBGI SICAV has announced the acquisition of the remaining 50% it didn’t already own in the Northern Territories Secure Facilities PPP Project in Australia. The Northern Territory Secure Facilities is a new 1,000 bed correctional facility, located on a greenfield site at Holtze, near Darwin, Australia. NTSF became operational in 2014 and allows Northern Territory […]
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27 Mar 2015 1 min read
BBGI now holds stakes in 36 projects
BBGI has announced results for calendar year 2014, reporting a 3.5% increase in net asset value to 109.2p. The dividend for the year was 5.76p, a 4.7% increase on the 2013 figure. The combination of this and the fund’s premium meant that the total return to shareholders was 10.8% for the year. The average discount […]
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31 Mar 2014 1 min read
Bilfinger Berger Global Infrastructure : BBGI
Bilfinger Berger Global Infrastructure is buying a 37.5% interest in the Mersey Gateway Bridge project a new six lane toll bridge over the Mersey between the towns of Runcorn and Widnes – See more at: www.merseygateway.co.uk
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26 Mar 2014 1 min read
Bilfinger Berger Global Infrastructure : BBGI – final results
Bilfinger Berger Global Infrastructure has announced its results for the period ended 31 December 2013. Over the year its net asset value rose from 103.5p to 105.6p (helped by a decrease in the discount rate used to value its projects from 8.51% to 8.39%) and it paid out 5.5p in dividends. The company grew in size […]
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10 Mar 2014 1 min read
Bilfinger Berger Infrastructure : BBGI – new investment
Bilfinger Berger Infrastructure has acquired a 50% interest in the Northern Territories Secure facility – a 1,000 bed correctional facility in Holtze near Darwin, Australia. The facility will be operational in Q2 2014 and the concession lasts for thirty years.
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30 Jan 2014 1 min read
Bilfinger Berger Global Infrastructure : BBGI – first US project
Bilfinger Berger infrastructure has bought a one third stake in the Ohio River Bridge / East End Crossing PPP project. the bridge, close to Louisville, Kentucky connects Clark County Indiana with Jefferson County, Kentucky
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30 Dec 2013 1 min read
Bilfinger Berger Infrastructure : BBGI – acquisitions
Using some of the cash it recently raised, BBGI has completed the acquisitions of a 58.8% interest in the E18 road between Grimstad and Kristiansand in Norway, a 24.5% equity and 40% loan interest in Mersey Care mental Health Hospital and a 100% interest in Tor Bank School.
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19 Dec 2013 1 min read
Bilfinger Berger Infrastructure : BBGI – acquisition
BBGI has acquired an additional 50% stake in Golden Ears Bridge (pictured, a concession to manage and operate a bridge near Vancouver, Canada which has been open since 2009) and Women’s College Hospital in Toronto, Canada (the project is expected to be completed and operating by March 2016).
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07 Dec 2013 1 min read
Bilfinger Berger Infrastructure : BBGI – raises £145m
Bilfinger Berger Infrastructure BBGI raises £145m from placing and offer for subscription. Issues 133.1m shares at 108.9p.
Upcoming Events
Videos
In The Press
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28 Nov 2024 1 min read
New inflation fears hamper infrastructure trusts’ recovery
by Val Cipriani, Investors Chronicle, November 28, 2024: Infrastructure investment trusts have seen their discounts to net asset value (NAV) widen, as higher government bond yields in the US and in the UK once again delay a potential recovery. The Association of Investment Companies’ infrastructure sector’s average discount reached 18.6 per cent on 25 November, […]
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31 Jul 2024 1 min read
Nine funds for high income and top total returns
by Jennifer Hill from interactive investor, 30th July 2024: In some cases, having a high yield can come at the cost of overall total returns, but it’s not always the case: certain funds allow investors to have their cake and eat it. Greencoat UK Wind The trust boasts a share price total return of 129.2% […]
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19 Mar 2024 1 min read
Have investment trust dividend cuts created bargains?
by Dave Baxter, Investors Chronicle, March 19, 2024: While far from universally popular among investors, dividend cuts can sometimes be a blessing in disguise. They can drive share prices down to attractive levels while also allowing companies to put cash to better use. This is a premise that can feed into how some funds are […]
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14 Feb 2024 1 min read
Political infrastructure failings can be fixed
By James Carthew, QuotedData, for Trustnet, 14 February 2024: The Labour Party’s decision to abandon its green spending plan has attracted criticism from all sides. Its stance is that it was a plan born in a time of lower borrowing rates that is not feasible now However, there is an awful lot of investment needed […]
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1 min read
ISA ideas: alternatives to funds and trusts that are flavour of the month
by Jennifer Hill from interactive investor, 14th February 2024: Following the herd doesn’t tend to end well. Throughout history investors’ tendency for herd mentality bias has inflated asset bubbles and driven sharp declines detached from market fundamentals.. Trading on the interactive investor platform highlights half a dozen funds that have climbed the popularity rankings over […]
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19 Jan 2024 1 min read
Infrastructure trusts in ‘uncharted territory’
by Val Cipriani, Investors Chronicle, January 16, 2024: Infrastructure trusts are facing a “complex and time-consuming” process of handing back assets to the government, as a number of the projects they invest in approach their expiry date. Some trusts also have the added difficulty of replacing assets built through public private partnerships (PPP) and could […]
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13 Nov 2023 2 min read
Why it’s a good time to invest in infrastructure
David Brenchley, The Times, Saturday November 11 2023: Infrastructure is all around us. From hospitals, schools and roads to the wind and solar farms that are used to power our lives. This omnipresence and the long-term need to build more of these assets have made infrastructure investment trusts popular. These trusts pool investors’ cash to […]
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01 Jun 2023 1 min read
Investment trusts ditch their ‘inflation protection’ tag
By Val Cipriani, Investors’ Chronicle, June 1, 2023: Investment trusts are announcing below-inflation dividend increases, making it more difficult for investors to maintain the real value of their income – although some might be able to catch up in 2024 or 2025. Last week, core infrastructure trust HICL Infrastructure (HICL) said it intends to maintain […]
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05 Apr 2023 1 min read
Infrastructure trusts ‘cheaper than they should be’
By Val Cipriani, Investors Chronicle, April 4, 2023: Social and economic infrastructure trusts continue to trade below their net asset value (NAV) despite an encouraging set of financial results, as worries over interest rates and valuations spooked investors. In the month to 31 March, share prices in the Association of Investment Companies’ infrastructure group dropped […]
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03 Apr 2023 1 min read
Investment trust insider on infrastructure
Investment trust insider on infrastructure – James Carthew: Why investors see PINT half full in infrastructure beats me We are fully into the results season for investment companies with 31 December year ends. Amongst these are the infrastructure funds BBGI Global Infrastructure (BBGI) and International Public Partnerships (INPP). I scoured both their statements last Thursday […]
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21 Nov 2022 1 min read
Investment trusts hold up as refinancing risks loom
By Dave Baxter, Investors’ Chronicle, November 17, 2022: Is the cure worse than the disease? Some might feel that way about central banks raising interest rates to tackle inflation: a sharp increase in the cost of borrowing has already caused pain in various parts of the UK economy, from a fixed income sell-off to the […]
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28 Feb 2022 1 min read
Investment trust insider on discount rates
Investment trust insider on discount rates – James Carthew: Inflation fears weigh on some income trusts Recent market turmoil has affected the ratings of a number of funds. Within my portfolio, one of the more peculiar de-ratings is that of Hipgnosis Songs Fund (SONG), which now looks to trade on an 8% discount to net […]
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23 Dec 2021 1 min read
Build your portfolio upon infrastructure
By ANNE ASHWORTH FOR THE DAILY MAIL 10 December 2021 The word ‘infrastructure’ carries a suggestion of solidity at an uneasy time. This is one of the reasons for the upsurge of interest in the sector, which encompasses bridges, hospitals, roads and schools, but also renewable energy generators and the data centres, fibre-optic networks and mobile […]
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13 Apr 2021 1 min read
Bridges and walls are the road to profit in the US recovery plan
Bridges and walls are the road to profit in the US recovery plan David Brenchley, Sunday April 11 2021, 12.01am, The Sunday Times While on the campaign trail to become president, Joe Biden pledged to “build bridges, not walls”. On April 1 he announced plans to build literal bridges, alongside other infrastructure projects, in a […]
