3i Group (III)

Sector:

Financials

Index:

FTSE 100

3,172.00p
   
  • Change Today:
    -66.00p
  • 52 Week High: 3,416.00
  • 52 Week Low: 1,981.00
  • Currency: UK Pounds
  • Shares Issued: 973.39m
  • Volume: 1,796,147
  • Market Cap: £30,876m
  • RiskGrade: 122

NAV continues to progress at 3i Group

By Josh White

Date: Thursday 16 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Private equity and venture capital firm 3i Group reported continued progression in its net asset value per share in its interim results on Wednesday, saying it rose to 652p from 604p at the end of March, after the payment of the 18.5p final dividend for the 2017 financial year.
The FTSE 100 company said that made for a total return of £655m, or 11% of opening shareholders' funds.

It said private equity performed "well" in the six month period to 30 September, with strong performances from Action, Scandlines, ATESTEO, Audley Travel, Basic-Fit, Q Holding and Aspen Pumps contributing to its gross investment return of £715m.

3i completed four new private equity investments totalling £514m in the half-year, in Hans Anders, Formel D, Lampenwelt and Cirtec Medical.

It also saw "significant growth" of the third-party infrastructure fund management business, including the addition of £830m of assets under management in two new European infrastructure funds.

Additionally, the company announced its first North American infrastructure investment, Smarte Carte.

On the financial front, 3i Group said it had a "strong" balance sheet, which supported the increase in investment activity, resulting in net debt of £48m at 30 September.

A "good" pipeline of investments and realisations was in progress, the board reported, which were expected to complete in the second half.

The board also declared an interim dividend of 8p, in line with its dividend policy.

"This was another good half for 3i," said chief executive Simon Borrows.

"We used our strong balance sheet to invest in some attractive and well-priced businesses in private equity and added £830m of assets under management in infrastructure.

"Our private equity portfolio has been transformed over recent years and is on track to deliver another year of strong growth."

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

3i Market Data

Currency UK Pounds
Share Price 3,172.00p
Change Today -66.00p
% Change -2.04 %
52 Week High 3,416.00
52 Week Low 1,981.00
Volume 1,796,147
Shares Issued 973.39m
Market Cap £30,876m
RiskGrade 122

3i Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.26% above the market average64.26% above the market average64.26% above the market average64.26% above the market average64.26% above the market average
48.62% above the sector average48.62% above the sector average48.62% above the sector average48.62% above the sector average48.62% above the sector average
Price Trend
88.98% above the market average88.98% above the market average88.98% above the market average88.98% above the market average88.98% above the market average
84.07% above the sector average84.07% above the sector average84.07% above the sector average84.07% above the sector average84.07% above the sector average
Income
40.56% below the market average40.56% below the market average40.56% below the market average40.56% below the market average40.56% below the market average
50.77% below the sector average50.77% below the sector average50.77% below the sector average50.77% below the sector average50.77% below the sector average
Growth
6.81% above the market average6.81% above the market average6.81% above the market average6.81% above the market average6.81% above the market average
28.16% above the sector average28.16% above the sector average28.16% above the sector average28.16% above the sector average28.16% above the sector average

What The Brokers Say

Strong Buy 3
Buy 6
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

3i Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 30-Nov-23
Paid 26-Jul-24 12-Jan-24
Amount 34.50p 26.50p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 4,385 @ 3,172.00p
16:35 1,171,367 @ 3,172.00p
16:35 4,332 @ 3,172.00p
16:35 1,396 @ 3,172.00p
16:35 1,207 @ 3,172.00p

3i Key Personnel

CEO Simon Borrows

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