John Laing Group
Underlying market strength
13 December 2019
John Laing Group (JLG) believes it remains on track to meet its targets for investment commitments and realisations for 2019–21, despite the run rate being below the level required to achieve this in 2019 to date. However, the adverse impact from exchange rates and reduced power price forecasts has led us to reduce our FY19e NAV per share from 353p to 343p. JLG’s share price now stands at c 9% premium to its last disclosed NAV per share, broadly in line with its peers. A continuation of the rapid growth achieved in recent years should help underpin further share price appreciation. MORE »
JLG beats expectations
7 March 2019
John Laing Group (JLG) posted strong growth in FY18 with the principal benchmark, NAV per share, up 15% (18.2% including dividends paid). JLG can now point to a compound growth rate in NAV per share (with dividends) of 15.8% since its IPO in 2015. With a strengthened balance sheet and a geographically diversified business, JLG remains well placed to exploit the growth opportunities provided by a strong global market for infrastructure assets. MORE »
