You are here

Prices & Quotes - UK Markets - BBGI Global Infrastructure S.A. NPV (DI) (BBGI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
176.60p
Change Today:
0.000p
Market Cap:
1,174.37m
Sector:
Equity Investment Instruments

Sunday share tips: BBGI, GlaxoSmithKline

By Alexander Bueso

Date: Sunday 21 Mar 2021

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column recommended shares of BBGI to its readers, calling attention to management's good track record and the firm's "rich" pipeline of potential investments.
BBGI, which is led by co-chief executives, Duncan Ball and Frank Schramm, is an infrastructure investor specialising in building and operating essential assets for the public sector.

The shares have enjoyed a good run since floating on the London Stock Exchange in 2011 and Midas believes there is far more road left to travel.

If in 2011 the company had 19 assets, now it has 50 spread across the UK, Europe, America, Canada and Australia.

Key to the investment thesis is that the outfit's compensation is tied to delivering the assets, such as roads and buildings, and not to whether how much they are being utilised.

But that does not mean that the firm does not make sure its clients are satisfied - quite the opposite.

Indeed, it has an established track record for looking after its assets and customers, Midas pointed out.

That provides visibility on earnings and dividends, during good times and bad, with an average contract life that is 20 years long.

"BBGI's motto is: boring is beautiful. But boring can also yield rewards. Ball and Schramm have delivered consistent dividend and share price growth since flotation and aim to continue doing so," Midas judged.

"For investors in search of low-risk shares in an uncertain world, BBGI, at 1.66, is a long-term buy."

The Sunday Times's Sabah Meddings put a 'hold' on shares of GlaxoSmithKline ahead of an expected June update from the firm on its plans to split into two companies.

Its chief executive officer, Emma Walmsley, outlined plans roughly a year ago to split the consumer brands unit and its biopharma arm.

That, argued Walmsley, would allow the consumer unit - which makes the likes of Sensodyne toothpaste - to take on more debt because it throws off a lot of cash.

The biopharma arm meanwhile would be free to invest in research and development.

But for the latter to do that, it needed to build up its pipeline of early, medium and late-stage drugs.

Hence, said Meddings: "The giant has to prove its pipeline can sustain a chunky dividend once it can no longer rely on toothpaste sales."

In February, the GSK had already warned that the break-up could harm its 2022 dividend, she added, sending the shares down by over 6% in a single session and they were now trading near their 2018 lows.

Yet GSK's management stands accused of overpaying in some instances, notably the $4.2bn spent on German Merck's lung cancer drug bintrafusp, which thus far had proven to be a "flop".

Much the same is said of its acquisitions of Tesaro, the oncology drugmaker that it bought in 2018 for $5.1bn, and its investment in Vir Biotechnology.

On the other side of the ledger, its Covid-19 treatment, developed together with Vir, had proven to be a success.

So too, its shingles vaccine, Shingrix, had notched up a 10% jump in sales in 2020 to reach 2bn and its respiratory unit had racked up a 22% jump in revenues to 3.7bn.

Even so, taking everything into account, Meddings said: "Expect bolt-on deals. Hold."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BBGI Market Data

Currency UK Pounds
Price 176.60p
Change Today 0.000p
52 Week High 180.80p
52 Week Low 161.20p
Volume 741,855
Shares Issued 664.99m
Market Cap 1,174.37m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BBGI Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 18-Feb-21 10-Sep-20
Paid 01-Apr-21 22-Oct-20
Amount 3.59p 3.59p

Trades for 12-May-2021

Time Volume / Share Price
16:45 467 @ 176.80p
16:45 467 @ 176.80p
16:35 130,031 @ 176.60p
16:29 79 @ 176.60p
16:29 392 @ 176.80p

BBGI Key Personnel

CFO Michael Denny
Chair Sarah Whitney