BBGI Global Infrastructure S.A. NPV (DI) (BBGI)

Sector:

Investment Firms

Index:

FTSE 250

130.00p
   
  • Change Today:
      1.60p
  • 52 Week High: 157.00
  • 52 Week Low: 122.00
  • Currency: UK Pounds
  • Shares Issued: 714.88m
  • Volume: 2,386,491
  • Market Cap: £929.34m

BBGI maintains dividend forecast after first half

By Josh White

Date: Friday 27 Aug 2021

LONDON (ShareCast) - (Sharecast News) - BBGI Global Infrastructure reported a 0.2% improvement in its investment basis net asset value in its first half on Friday, to £918.1m.
The FTSE 250 firm said that made for an investment basis net asset value per share of 137.8p at period end on 30 June, up 0.03% from the end of December.

Total shareholder return since initial public offering was 165.1%, with annualised shareholder return coming in at 10.8%.

The company said its 2021 target dividend was 7.33p, up 2.1% from the prior year, while in 2022 it was aiming for 7.48p per share, and 7.63p in 2023.

"The management board continues to follow a proven operating model of value-driven active asset management, prudent financial management, and a selective acquisition strategy which has again preserved the net asset value over the period despite absorbing the impact of the UK corporate tax rate increase from 19% to 25% with effect from April 2023, and some foreign exchange losses," said co-chief executive officers Duncan Ball and Frank Schramm in a statement.

"Cash receipts were ahead of our expectations.

"Thanks to the resilience of our 51 availability-based assets, the portfolio has not experienced any material adverse operational or financial impacts from the pandemic, and we've continued to actively support the users of our assets and the communities to which they provide essential services."

Ball and Schramm said the marketplace for the types of assets in which BBGI invested remained competitive, adding that the company's investment proposition enabled it to originate new acquisitions in line with its "strict" investment criteria.

"The pipeline for availability-based transactions remains strong within the company's target markets.

"These factors combined should allow the company to maintain long-term, predictable, and stable income to our shareholders, and non-financial returns to the communities our assets serve."

At 0859 BST, shares in BBGI Global Infrastructure were up 0.65% at 174.93p.

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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
Share Price 130.00p
Change Today 1.60p
% Change 1.25 %
52 Week High 157.00
52 Week Low 122.00
Volume 2,386,491
Shares Issued 714.88m
Market Cap £929.34m

BBGI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.93% above the market average66.93% above the market average66.93% above the market average66.93% above the market average66.93% above the market average
35.35% below the sector average35.35% below the sector average35.35% below the sector average35.35% below the sector average35.35% below the sector average
Price Trend
24.34% below the market average24.34% below the market average24.34% below the market average24.34% below the market average24.34% below the market average
58.56% below the sector average58.56% below the sector average58.56% below the sector average58.56% below the sector average58.56% below the sector average
Income
68.98% above the market average68.98% above the market average68.98% above the market average68.98% above the market average68.98% above the market average
90.22% below the sector average90.22% below the sector average90.22% below the sector average90.22% below the sector average90.22% below the sector average
Growth
58.19% below the market average58.19% below the market average58.19% below the market average58.19% below the market average58.19% below the market average
53.29% below the sector average53.29% below the sector average53.29% below the sector average53.29% below the sector average53.29% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 1
Strong Sell 0
Total 5
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 22-Feb-24 07-Sep-23
Paid 05-Apr-24 19-Oct-23
Amount 3.96p 3.96p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 81,200 @ 130.00p
16:35 1 @ 130.00p
16:35 1,299 @ 130.00p
16:35 806 @ 130.00p
16:35 2,102 @ 130.00p

BBGI Key Personnel

CEO Duncan Ball
CFO Michael Denny
Chair Sarah Whitney

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