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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:
402.60p
Change Today:
0.000p
Market Cap:
1,985.83m
Sector:
Financial Services

John Laing agrees to 2bn takeover by KKR

By Frank Prenesti

Date: Wednesday 19 May 2021

LONDON (ShareCast) - (Sharecast News) - British infrastructure group John Laing has agreed to a 2bn takeover by US buyout firm KKR.
The two firms on Wednesday said KKR would pay 403p a share for Laing - a hefty premium to Tuesday's closing price of 360p - and the UK company's board planned to recommend the deal to shareholders.

John Laing invests in transport, social and environmental public-private partnership programmes worldwide. It has also invested in the rollout of high-speed fibres in Germany with two small takeovers of regional telecoms businesses.

Shares in the former builder jumped as much as 18.5% to 376.4p two weeks ago, their highest level since January 2020, on news the two sides were in talks.

In March, the company reported an annual pre-tax loss of 65m, compared with a loss of 95m a year earlier, while net asset value per share slipped to 310p from 337p.

Last month, John Laing and Macquarie Capital said they would invest 200m in retirement homes developed by McCarthy Stone to help address the undersupply of elderly accommodation in Britain.

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JLG Market Data

Currency UK Pounds
Price 402.60p
Change Today 0.000p
52 Week High 404.40p
52 Week Low 279.60p
Volume 510,959
Shares Issued 493.25m
Market Cap 1,985.83m
Beta 0.00

Performance Indicators

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What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 2
neutral
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 17-Sep-2021

Time Volume / Share Price
13:16 90 @ 402.60p
13:14 60 @ 402.60p
13:14 90 @ 402.60p
13:14 90 @ 402.60p
13:12 60 @ 402.60p

JLG Key Personnel

CEO Ben Loomes
CFO Robert Memmott