Sequoia Economic Infrastructure Income Fund Limited (SEQI)

Sector:

Investment Firms

Index:

FTSE 250

81.00p
   
  • Change Today:
      0.30p
  • 52 Week High: 85.50
  • 52 Week Low: 71.00
  • Currency: UK Pounds
  • Shares Issued: 1,611.40m
  • Volume: 1,943,129
  • Market Cap: £1,305.24m
  • RiskGrade: 63

Sequoia draws down from RBS leverage facility, proposes equity issue

By Iain Gilbert

Date: Wednesday 04 Apr 2018

LONDON (ShareCast) - (ShareCast News) - Guernsey-based closed-ended fund Sequoia Economic Infrastructure Income Fund has drawn a hefty chunk of its £100m multi-currency leverage facility with the Royal Bank of Scotland in order to take advantage of what it considered to be an "attractive pipeline of investment opportunities".
On top of the $55m drawdown, Sequoia told investors on Wednesday that it was considering an equity issue in order to increase its capital base, the proceeds of which would go towards repaying its debt under the facility and provide capital for its pipeline.

The timing, size and price of the potential issue were not announced but, the FTSE 250-listed investment trust noted that a maximum of 73m new shares would be issued if it were to go ahead.

As of 1000 BST, shares had lost 0.47% to 105.50p.

Email this article to a friend

or share it with one of these popular networks:


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.

 

SEQI Market Data

Currency UK Pounds
Share Price 81.00p
Change Today 0.30p
% Change 0.37 %
52 Week High 85.50
52 Week Low 71.00
Volume 1,943,129
Shares Issued 1,611.40m
Market Cap £1,305.24m
RiskGrade 63

SEQI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.15% above the market average36.15% above the market average36.15% above the market average36.15% above the market average36.15% above the market average
41.22% above the sector average41.22% above the sector average41.22% above the sector average41.22% above the sector average41.22% above the sector average
Price Trend
17.8% below the market average17.8% below the market average17.8% below the market average17.8% below the market average17.8% below the market average
43.2% below the sector average43.2% below the sector average43.2% below the sector average43.2% below the sector average43.2% below the sector average
Income
50.88% above the market average50.88% above the market average50.88% above the market average50.88% above the market average50.88% above the market average
50.67% above the sector average50.67% above the sector average50.67% above the sector average50.67% above the sector average50.67% above the sector average
Growth
78.46% below the market average78.46% below the market average78.46% below the market average78.46% below the market average78.46% below the market average
73.77% below the sector average73.77% below the sector average73.77% below the sector average73.77% below the sector average73.77% below the sector average

What The Brokers Say

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

SEQI Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 25-Apr-24 25-Jan-24
Paid 23-May-24 29-Feb-24
Amount 1.72p 1.72p

Trades for 14-May-2024

Time Volume / Share Price
16:35 97,475 @ 81.00p
16:35 1 @ 81.00p
16:35 1,010 @ 81.00p
16:35 101 @ 81.00p
16:35 447 @ 81.00p

SEQI Key Personnel

Chair James Stewart

Top of Page