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Prices & Quotes - UK Markets - John Laing Group (JLG)

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:
Up 400.20p
Change Today:
0.20p
Market Cap:
1,973.99m
Sector:
Financial Services

Liberum starts coverage of John Laing at 'buy'

By Michele Maatouk

Date: Friday 12 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Liberum initiated coverage of shares of John Laing on Friday with a 'buy' rating and 350p price target.
It noted that since the IPO in 2015, John Laing has delivered an average annual total shareholder return of 18% through a blend of capital growth and dividends.

"Its distinctive business model means it is an early-stage investor, which invests its own balance sheet capital. The company has had some challenges in the renewable energy market, which is not an area of expertise.

"However, it has a track record of achieving a 3x money multiple in Greenfield public-private partnership assets due to its strong heritage, skilled workforce and impressive performance in the market."

Liberum said the weighted average discount rates used by the company are high, leaving potential for plenty of upside in the valuations of its assets as portfolios mature.

"After the sale of IEP and Australia wind, and the write-off of the biomass assets, it has over 30 projects invested globally, which lowers the risk profile of the portfolio through diversification," it said.

Liberum said the company has a strong balance sheet and recent realisations in the portfolio mean it has plenty of liquidity to reinvest.

"As the company pays a special dividend of 5-10% of gross proceeds, the recent large realisations and anticipated sale of all the group's renewable energy assets in the next two years provide a large degree of visibility for the dividend."

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

 

JLG Market Data

Currency UK Pounds
Price 400.20p
Change Today 0.20p
52 Week High 404.40p
52 Week Low 273.60p
Volume 236,994
Shares Issued 493.25m
Market Cap 1,973.99m

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JLG Dividends

  Latest Previous
  Final Special
Ex-Div 29-Apr-21 29-Apr-21
Paid 14-May-21 14-May-21
Amount 3.76p 4.06p

Trades for 22-Jun-2021

Time Volume / Share Price
15:31 380 @ 400.20p
15:10 84 @ 400.00p
14:58 1,561 @ 400.00p
14:45 809 @ 400.00p
14:42 1,245 @ 400.00p

JLG Key Personnel

CEO Ben Loomes
CFO Robert Memmott