Listed on 12th February 2015.

Key facts

John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including the UK, Europe, Asia Pacific and North America.

Company Website

Financial Calendar

Recent Broker notes

BarChart Indicators

Recent Market news

John Laing Group's Fundamentals (JLG)

Recent News.

Final Results

John Laing Group plc (John Laing or the Company or the Group) announces another year of growth in profits and net asset value.

Financial highlights

· Record year for new investments with £217.2 million1 committed to infrastructure projects
· Realisations of £198.5 million from the sale of investments
· Investment portfolio valuation of £772.0 million, up 13% on 2013
· Group profit before tax of £120.4 million, up 7% on 20132,3
· 23% increase in Net Asset Value (NAV), from £528.0 million at 31 December 2013 to £649.8 million3
· Adjusted NAV per share at 31 December 2014 of 210p (30 September 2014 - 204p, 31 December 2013 - 177p)4
· 28% increase in external Assets under Management to £1,020 million5

Operational highlights

· Successful listing on the London Stock Exchange in February 2015, raising net proceeds of £120 million
· Further international growth with two investment commitments in Australia and one in the US
· Expansion of renewable energy activities, including the Group's first investment in a biomass project
· Both phases of the Manchester Waste project, one of our largest investments, operational from January 2015
· Launch of JLEN in March 2014, a listed fund targeting environmental infrastructure investments
· £100 million special contribution in February 2015 to reduce our pension deficit as part of the IPO process

I also hold John Laing Infrastructure Fund.

Disposal

John Laing Group plc ("John Laing") - disposal of three investments in renewable energy assets



London, 1 April 2015 - John Laing, the leading investor and manager of international infrastructure projects, today announces the disposal of three investments in renewable energy assets to John Laing Environmental Assets Group Limited (JLEN) for an aggregate cash consideration of £42.5million.

Branden solar parks - disposal of 64% stake

Branden comprises two separate solar parks in Cornwall, with a total generating capacity of 14.7MW, together accredited for 2 ROCs. The sites have been operational since March 2013.

Wear Point wind farm - disposal of 100% stake

Wear Point is located near Milford Haven in South Wales. It comprises four Senvion MM82 turbines with a total generating capacity of 8.2MW and is accredited for 0.9 ROCs. The site has been operational since June 2014.

Carscreugh wind farm - disposal of 100% stake

Carscreugh is located near Glenluce in Dumfries and Galloway, Scotland. It comprises 18 Gamesa G52 turbines with a total generating capacity of 15.3MW and is accredited for 0.9 ROCs. The site has been operational since June 2014.

The cash consideration of £42.5million exceeds the combined portfolio value of the investments at 31 December 2014. The aggregate returns achieved are consistent with John Laing's track record of returns from disposals of renewable energy investments.



Ends

26 Mar 15 Barclays Capital Overweight 206.75 - 240.00 Initiates/Starts

26 Mar 15 RBC Capital Markets Outperform 206.75 - 230.00 Initiates/Starts

An excellent candle.

This is turning into a very sensible share to hold for me.

I usually expect my shares to go up and down 25% in a day.

Disappointed in the first few days of the flotation but hey look at that chart now.

It's looking quite good for a 'boring' share isn't it.

I've held JLIF since March 2011 - never going to set the world alight but +20 odd plus % and a yield of 5+% - means easier sleeping!

Naked trader - New Issue John Laing (LON:JLG) is now doing the business and this week has gained very well, a few sellers around at 212 but if that clears 230 beckons.

Added few more today just below 212 in the hope it may break out.

East West Link update

statement re: East West Link project, Melbourne, Australia.

John Laing Group plc announces that the East West Connect consortium, in which John Laing Group has a 30% shareholding, has reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement providing a satisfactory resolution to the East West Link project.

The agreement enables the Victorian Government to acquire the East West Connect project companies for a nominal consideration. The agreement also enables the sponsors of the project companies to cease work on the East West Link project.

John Laing Group expects its investment commitment of £60.7 million (sterling equivalent at 31 December 2014), which is made up of cash collateral and a letter of credit, to be returned in full. As previously disclosed, John Laing ascribed no value to this project in its portfolio valuation as at 31 December 2014.

John Laing Group looks forward to pursuing future projects in the State of Victoria.



Ends

A strong finish and a new high @228.50p.

Statement re: East West Link project, Melbourne, Australia.

Further to John Laing Group's announcement dated 15 April 2015 that the East West Connect consortium, in which John Laing Group has a 30% shareholding, had reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement, John Laing Group today announces that the consortium has agreed a final resolution to the East West Link project.

Under the terms of the agreement with the Victorian Government, John Laing Group's investment commitment of £60.7 million (sterling equivalent at 31 December 2014), which is made up of cash collateral and a letter of credit, will be returned shortly in full. As previously disclosed, John Laing ascribed no value to this project in its portfolio valuation as at 31 December 2014.

Ends

Pre-close Update

Highlights
· Total investment commitments of £72 million with a strong pipeline and positive outlook in core markets
· Total realisations to date of £42 million, on track to achieve full year target of c.£100 million
· John Laing's shares will be included in the FTSE250 Index with effect from today

Investment Activity
· International Primary Investment activities continuing as planned, with good levels of bidding activity across all our core markets of Europe, North America and Asia Pacific
· Public Private Partnerships ("PPP"): £41 million investment commitment in February 2015 to the Sydney Light Rail project
· Renewable Energy: Two wind farm investment commitments in the second quarter of 2015 totalling £31 million with estimated installed capacity of c.55MW, in Ireland and Sweden

Realisations
· Three operational renewable energy assets sold in April 2015 for total cash consideration of £42 million
· Further disposals are in progress, in line with the Group's target for the full year

Investment Portfolio
· Major projects under construction progressing according to schedule
· Operational projects continuing to perform to plan
· First train for Phase 1 of the Intercity Express Programme undergoing testing on the UK rail network
· First distribution from Manchester Waste projects expected shortly
· As announced on 15 June 2015, agreement reached with the Victorian Government regarding the cancellation of the East West Link project, resulting in the return in full of John Laing's investment commitment

Pension Fund
· £27 million scheduled contribution paid in late March 2015 to the John Laing Pension Fund in line with the agreed deficit recovery plan

Outlook
· Pipeline of new investment opportunities remains strong in both PPP and Renewable Energy, supported by our relationships with key partners
· Full year investment commitment target remains at £150 - 200 million, with potential commitments weighted towards the second half of 2015 as previously flagged
· Market demand remains strong for secondary infrastructure investments

more....

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015

John Laing Group plc (John Laing or the Company or the Group) announces its unaudited results for the six months ended 30 June 2015.

Financial highlights
· Net asset value (NAV) £821.7 million, up 6.6% from £771.1 million1 at 31 December 2014
· NAV per share at 30 June 2015 of 224p (31 December 2014 pro forma - 210p2)
· £72.1 million committed to new infrastructure projects (six months ended 30 June 2014 - £84.7 million)
· Realisations of £54.1 million from the sale of investments in project companies
· Investment portfolio valuation of £712.8 million (£772.0 million at 31 December 2014), giving underlying growth of 6.7%
· 8% increase in external Assets under Management to £1,103 million3 since 31 December 2014
· Interim dividend of 1.6p per share payable in October 2015, in line with commitment in IPO prospectus

Operational highlights
· Further investment commitment in Australia
· Two European onshore wind farm investments
· Both phases of the Manchester Waste investment now operational
· Satisfactory resolution of the East West Link project in Melbourne, Australia
· Cash yield from investments in line with expectations

Full year results on 8th March.

I have JLIF which seems to be lagging behind JLG. :o(
Of course, the yield is better :o)

JLIF Ex-dividend this Thursday @3.41p.

Final Results


Highlights

· Successful listing on the London Stock Exchange in February 2015, raising net proceeds of £121.3 million

· 15.4% increase in Net Asset Value (NAV), from £771.1 million1 at 31 December 2014 to £889.6 million

· NAV per share at 31 December 2015 of 242p (2014 - 210p pro forma2)

· New investment commitments of £180.5 million versus an annual average of £135 million over the previous four years

· Realisations of £86.3 million from the sale of investments

· Profit before tax (pro forma) of £106.6 million compared to £120.4 million in 20143

· 11% increase in external Assets under Management (AuM) to £1,136 million4

· Cash yield from investment portfolio of £38.9 million (2014 - £24.3 million)

· Continuing international growth with investment commitments in seven different countries: Australia, France, Germany, Ireland, Sweden, the UK and the US

· Final dividend of 5.3p per share in line with policy (including a special dividend of 2.1p per share)

StockMarketWire.com
John Laing Infrastructure Fund reports a 'solid set of results' for the year ended 31 December.

The group declared a dividend in February of 3.41 pence per share for the six months to 31 December, up 1.04%, in line with UK inflation. Dividends of 6.75 pence per share were paid in the year.

Other highlights:
- Net asset value of £883.1m, representing a NAV per share of 108.4 pence

- Underlying portfolio growth of 8.34%, 0.22% ahead of growth arising from discount rate unwind

- £73.3m received in cash from investments, £4.3m ahead of project forecasts

- New investments of approximately £104.4m since 31 December 2014, comprising one additional interest and three new assets (two of which represented events after the balance sheet date)

- Total Shareholder Return of 50.2% since launch (November 2010), 9.9% annualised (simple basis)

Chairman Paul Lester said: "It is pleasing to announce another solid set of results for 2015. Since the end of the year, we have made our first investment in the Spanish market via a stake in the Barcelona Metro Stations project and agreed the acquisition of two further UK social infrastructure projects from John Laing Group.

"To repay the debt drawn to finance these acquisitions we launched a shareholder tap issue in February 2016 which, being oversubscribed and accretive to NAV, raised gross proceeds of £92.9 million. We are pursuing a number of live opportunities in various jurisdictions and are confident of growing JLIF further both by acquisition and active asset management in 2016."

Barclays Capital today reaffirms its overweight investment rating on John Laing Group Plc (LON:JLG) and raised its price target to 270p (from 240p).

BlackRock > 10%

From JLIF :-

Trading Update

HIGHLIGHTS
· Underlying growth in Portfolio value for the three months to 31 March 2016 of 1.7% to £973.5 million on a rebased value of £957.2 million[1]

· Announced a 1.04% increase in the dividend from 3.375pps to 3.41pps, in respect of the six- month period to 31 December 2015, in line with UK inflation

· Net Asset Value[2] ("NAV") of £1,000.6 million as at 31 March 2016, including £27.8 million allocated to the dividend to be paid in May 2016

· NAV per share as at 31 March 2016 of 108.3 pence ex-div (111.7 pence cum-div), due to underlying portfolio growth over the period, positive unrealised exchange rate movements and the NAV accretive equity issuance in March 2016

· Acquisitions of approximately £90 million in the first quarter of 2016, including JLIF's first investment in the Spanish secondary PPP market

· Strong pipeline of assets at advanced stage, expected to complete in coming months

Berenberg today initiates coverage of John Laing Group Plc (LON:JLG) with a buy investment rating and price target of 280p.

Berenberg Buy 225.90 - 280.00 Initiates/Starts

PRE-CLOSE UPDATE



John Laing Group plc ("John Laing" or "the Group"), the international originator, active investor and manager of infrastructure projects, today issues a pre-close update for the half-year ending 30 June 2016.

Highlights

· Total investment commitments to date of £76 million

· Full year guidance for investment commitments maintained, namely in line with £180.5 million achieved in 2015

· Investment realisations to date of £57.7 million

· Full year guidance maintained, namely proceeds of approximately £100 million, excluding £19.5 million transaction agreed in February 2016

· Sale of UK activities of Project Management Services announced on 21 June 2016

Investment Activity

· Strong levels of bidding activity in each of our core markets: Europe (including the UK), North America and Asia Pacific

· Investment commitments year to date:

o A6 PPP road project (Netherlands): £9 million

o Hornsdale Wind Farm phase 2 (Australia): £6 million

o Llynfi Wind Farm (UK): £24 million (contractual close)

o Intercity Express Programme ("IEP") Phase 1 (UK - increase in shareholding): £37 million



· PPP: Exclusive / shortlisted positions totalling approximately £80 million on opportunities with the potential to be committed in H2 2016



· Renewable energy: Exclusive / shortlisted positions totalling approximately £130 million on opportunities with the potential to be committed in H2 2016

Realisations

· As agreed in February 2016, two investments sold in first half to JLIF for combined proceeds of £19.5 million:

o British Transport Police (54.17% holding)

o Oldham Housing (95% holding)

· Disposal of investment in Dungavel Wind Farm (100% holding) to JLEN announced today for gross proceeds of £38.2 million

· Other realisations in progress

Investment Portfolio

· New Royal Adelaide Hospital: construction close to completion but contractor incurring delays in achieving commercial acceptance; the impact on John Laing's portfolio valuation is not expected to be material.

· Other major projects under construction progressing according to schedule: five trains are now undergoing testing in the UK for Phase 1 of IEP

· Operational projects performing in line with expectations

· Two investments have moved from the primary to the secondary investment portfolio in the year to date: Rammeldalsberget Wind Farm (Sweden) and New Albion Wind Farm (UK)

Pension Fund

· £18m cash contribution in first half

· Reduction in estimated IAS 19 discount rate: 3.25% at 31 May 2016 versus 3.75% at 31 December 2015

· Actuarial valuation at 31 March 2016 underway, but not expected to be concluded until late Q3 or Q4

Corporate Banking Facility

· Increased funding flexibility through increase in facility from £350 million to £400 million in June 2016

Outlook

· John Laing remains well positioned for future growth

· Strong pipeline of new investment opportunities in PPP, renewable energy and selected other closely-linked infrastructure sectors

· Market for disposal of secondary infrastructure investments remains strong

HALF-YEAR RESULTS

Highlights

· Net asset value (NAV) £963.7 million, up 8.3% from £889.6 million at 31 December 2015

· NAV per share at 30 June 2016 of 263p (31 December 2015 - 242p)

· £76.0 million in investment commitments (six months ended 30 June 2015 - £72.1 million)

· Realisations of £57.7 million from the sale of investments in project companies

· Profit before tax of £108.3 million (six months ended 30 June 2015 - £32.6 million pro forma1)

· 12.5% increase in external Assets under Management to £1,277.5 million2 since 31 December 2015

· Cash yield from investment portfolio of £18.3 million (six months ended 30 June 2015 - £11.4 million)

· Sale of UK activities of Project Management Services announced on 21 June 2016

· Interim dividend of 1.85p per share payable in October 2016



Olivier Brousse, John Laing's Chief Executive Officer, commented:

"We made good progress in the first half and are maintaining our full year guidance for investment commitments and realisations. These results demonstrate that our business model is delivering consistent results, and has the ability to cope with today's changing macro-economic environment, including the impact of Brexit."

HSBC Buy 258.25 275.00 315.00 Reiterates

Barclays Capital Overweight 258.25 270.00 270.00 Reiterates

DIRECTOR/PDMR SHAREHOLDING

A new high @275p.

Well picked Skinny. Lovely uptrend on the chart

John Laing Group plc ("John Laing") disposal of shareholding in A1 motorway project in Poland

StockMarketWire.com
John Laing Group, the international originator, active investor and manager of infrastructure projects, says primary investment activity has remained strong in each of its three geographical regions: Asia Pacific, North America and Europe (including the UK).

A pre-close update for the year ending 31 December says that the group's investment portfolio as a whole is performing in line with expectations.

Investment activity:
- Total investment commitments to date of £181 million, in line with guidance for 2016

- Investment commitments in 2016:

* A6 Parkway (Netherlands): £9.0 million

* Intercity Express Programme (IEP) Phase 1 (UK): £37.0 million

* Eight wind farm investment commitments totalling £133.9 million in the UK, Germany, France, Australia and the US

Realisations:
- Total realisations agreed in 2016 to date of £255 million, with aggregate prices achieved in line with portfolio valuation:

* Sale of holdings in British Transport Police and Oldham Housing for £19.5 million (counted towards realisations guidance for 2015)

* Proceeds from a further three completed transactions of £56.4 million

* Agreed sale of 100% holding in A55 road, UK for £28.3 million to JLIF, expected to complete shortly

* Agreed sale of 30% holding in M6 road, Hungary for €26.6 million (estimated £22.5 million), not expected to complete until Q1 2017. This transaction is subject to a number of consents and conditions

* Agreed sale of 29.69% holding in A1 motorway, Poland for €146.9 million (estimated £128.6 million), not expected to complete until Q1 2017. This transaction is also subject to a number of consents and conditions

Beaufort Securities Buy 278.25 - - Reiterates

Barclays Capital Overweight 279.95 330.00 330.00 Reiterates

John Laing Group ("John Laing") Update on disposal of shareholding in A1 motorway project in Poland

11 January 2017

On 4 November 2016, John Laing Group plc ("John Laing"), the international originator, active investor and manager of infrastructure projects, announced that it had entered into an agreement to dispose of its 29.69% investment in Gdansk Transport Company S.A. ("GTC") to FS Amber Holdings B.V. ("FS Amber") for €146.9 million (£131.0 million) subject to certain reductions and adjustments. Completion of the sale was subject to obtaining various consents and satisfying certain conditions.

Since that announcement, as a consequence of the exercise of pre-emption rights by a co-shareholder in GTC, NDI Autostrada SP. Z.O.O. ("NDIA"), John Laing has entered into an agreement to dispose of its investment in GTC to NDIA, for the same price and on the same terms as to potential reductions and adjustment to final consideration as previously agreed with FS Amber.

Completion of the disposal to NDIA is subject to obtaining certain consents and satisfying certain conditions and is expected to occur within the first quarter of 2017.

RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016



John Laing Group plc (John Laing or the Company or the Group) announces its audited results for the year ended 31 December 2016.



Highlights

· 14.3% increase in Net Asset Value (NAV), from £889.6 million at 31 December 2015 to £1,016.8 million

· NAV per share at 31 December 2016 of 277p (31 December 2015 - 242p)

· New investment commitments of £181.9 million (2015 - £180.5 million)

· Realisations of £146.61 million from the sale of investments

· Profit before tax of £192.1 million compared to £106.6 million (pro forma) in 20152

· Earnings per share of 51.9p (2015 - 27.6p pro forma)

· 30% increase in external Assets under Management (AuM) to £1,472 million3

· Cash yield from investment portfolio of £34.8 million (2015 - £38.9 million)

· Continuing international growth including the Group's first offshore wind farm investment and first renewable energy investment in the US

· Final dividend of 6.3p per share in line with policy (including a special dividend of 2.6p per share), giving a total 2016 dividend of 8.15p (2015 - total dividend of 6.9p)



Olivier Brousse, John Laing's Chief Executive Officer, commented:

"2016 has been another good year for John Laing with strong growth in NAV and dividends. Our origination platform is working well as shown by our increasingly diversified and growing pipeline of opportunities, while our portfolio of projects under construction is well balanced and actively managed by experienced teams, allowing us to deliver steady results. We are well organised and positioned to take advantage of future opportunities in order to continue to move our business forward while controlling our costs and our risks. "

Notes:
1. Realisations include £19.5 million in respect of British Transport Police and Oldham Housing transactions which counted towards guidance for 2015.
2. Profit before tax from continuing operations of £192.1 million (2015 - £100.9 million) and from discontinued operations of £nil (2015 - £5.7 million).
3. External AuM based on published portfolio values of JLIF and JLEN at 30 September 2016.

A presentation for analysts and investors will be held at 9:00am (London time) today at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED. A conference call facility will also be available using the dial-in details below.

Conference call dial in details:

UK: 020 3059 8125
Other locations: +44 (0) 20 3059 8125
Participant password: John Laing Conference Call

Participant URL for live access to the on-line presentation:

http://www.investis-live.com/john-laing/58b6c29a146fbc10004bcf54/gfasdgdafg

Berenberg Buy 265.50 330.00 340.00 Reiterates

John Laing forced to broaden its horizons

22 Mar Peel Hunt Buy 0.00 344.00 384.00 Reiterates
22 Mar Barclays Capital Overweight 0.00 - 345.00 Reiterates

Interesting uncrossing trade earlier @298.90.

A new high @299.40p.

Don't suppose there is a chance of putting JLIF chart in the header please skinny?
Not really worth starting a new thread for it, but the two seem to roughly mirror each other. Maybe a smaller chart???

Done.

Thank you. Steady yield, which is what I am looking for.

John Laing Infrastructure Fund - JLIF
Trading Update Statement

HIGHLIGHTS
· Underlying growth in Portfolio value for the three months to 31 March 2017 of 1.9% to £1,217.6 million on a rebased value of £1,195.2 million1

· Net Asset Value2 ("NAV") of £1,214.9 million as at 31 March 2017, including £31.3 million of cash allocated to the dividend to be paid in May 2017

· NAV per share as at 31 March 2017 of 122.9 pence cum-div (119.4 pence ex-div), an increase of 2.7 pence due to underlying portfolio growth over the period, and the NAV accretive equity issuance in March 2017

more.....

James Carthew: John Laing diversifies overseas

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

John Laing Group plc (John Laing or the Company or the Group) announces its unaudited results for the six months ended 30 June 2017.

Highlights

· Net asset value (NAV) of £1,040.4 million at 30 June 2017

- 2.3% increase since 31 December 2016

- 4.6% increase including dividend paid in May 2017

· NAV per share at 30 June 2017 of 284p (31 December 2016 - 277p)1

· £111.3 million in investment commitments (six months ended 30 June 2016 - £76.0 million)2

· Realisations of £151.3 million from the sale of investments in project companies (six months ended 30 June 2016 - £57.7 million)

· Profit before tax of £36.6 million (six months ended 30 June 2016 - £108.3 million) and earnings per share (EPS) of 10.2p (six months ended 30 June 2016 - 29.1p)3

· 7.4% increase in external Assets under Management to £1,582 million4 since 31 December 2016

· Interim dividend of 1.91p per share payable in October 2017 (six months ended 30 June 2016 - 1.85p per share)

· New Royal Adelaide Hospital operational; agreement reached on Manchester Waste

· Strong pipeline, including 11 shortlisted PPP positions

· 2017 guidance for investment commitments and realisations maintained



Olivier Brousse, John Laing's Chief Executive Officer, commented:

"It has been an active year so far and I am pleased to report growth in NAV, after taking into account the reduction in value on our two Manchester Waste investments. We have made good progress on investment commitments and disposals and are on track to achieve our full year guidance on both fronts. As regards our portfolio, the New Royal Adelaide Hospital reached a key milestone with its commercial acceptance by the Government of South Australia in June, and our team was instrumental in getting to this stage. Looking to the second half and beyond, our teams continue to bring forward a steady stream of new investments, while the asset management teams are actively managing projects through the construction phase. We continue to see strong opportunities for attractive growth in our business by scaling up our model in our three core regions: North America, Asia Pacific and Europe."

Notes:
(1) Calculated as NAV at 30 June 2017 of £1,040.4 million (31 December 2016 - £1,016.8 million) divided by number of shares in issue at 30 June 2017 of 366.96 million (31 December 2016 - 366.92 million)
(2) Based on new investment commitments secured in the six months ended 30 June 2017; for further details see the Primary Investment section of the Business Review
(3) Basic EPS; see note 7 to the Condensed Group Financial Statements
(4) Based on published portfolio values of JLIF and JLEN at 31 March 2017
A presentation for analysts and investors will be held at 9:00am (London time) today at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED. A webcast of the presentation and a conference call facility will be accessible using the details below.

Agreement reached on Manchester Waste

StockMarketWire.com
John Laing Infrastructure Fund's net asset value rose to £1,204.4m at the end of June - up 11.5% from 31 December.

It said this was primarily as a result of investments and the shareholder tap issue, which was accretive to NAV per share.

NAV per share stood at 121.6 pence (excluding the dividend of 3.48 pence paid in May), up 1.2% from 31 December.

The total shareholder return was 6.2% in the period.

The company has declared a dividend of 3.48 pence per share, payable in October - 2.0% increase on the corresponding period last year.

Chairman Paul Lester said: "I am pleased to report on a period of solid financial performance, with further progression of the dividend and distributions from the Portfolio remaining strong.

"We remain positive about the outlook for the Company."

StockMarketWire.com
John Laing has made a further renewable energy investment in US and increased its investment guidance.

John Laing said it was investing $85 million by acquiring from Akuo Energy the majority of the equity interests in the partnership which controlled the 149MW Rocksprings wind farm project.

The wind farm is located in Val Verde County, Texas, and benefits from power purchase agreements with two investment grade corporate off-takers.

John Laing said that as announced it its interim results on 24 Aug, investment commitments for 2017 to date were £159 million.

It said that taking into account the Rocksprings investment, commitments would increase to £222m, exceeding the guidance of approximately £200m for the full year.

Looking ahead to the remainder of 2017, it said that as previously announced John Laing's consortium was appointed preferred bidder in July for the Melbourne Metro PPP project.

It said: 'Assuming this project reaches financial close in late 2017 as currently anticipated, the group's investment commitments for 2017 will increase accordingly.'

It said that a further update would be given nearer the time.

Separately, it also issued an update further to the statement issued on 24 Aug which reported that legally-binding heads of terms had been entered into between the Greater Manchester Waste Authority (GMWDA), Manchester Waste VLCo (VLCo), and its shareholders, John Laing and Viridor.

It said the transactions contemplated under these heads of terms, including the acquisition of VLCo by the GMWDA, had now completed.

As part of the transactions, the project finance underlying the two Manchester Waste projects has been repaid.

It said the financial impact on John Laing remained as set out in the statement dated 24 Aug.

Sale of five UK investments and increased realisation levels for 2017

John Laing Group plc, the international originator, active investor and manager of infrastructure projects, announces that it has reached agreement to sell five UK investments to John Laing Infrastructure Fund (JLIF) and that it is increasing its realisation levels for 2017.
The investments being sold are:
· a further interest (9%) in the Intercity Express Programme Phase 1 (IEP Phase 1) project (resulting in each of John Laing Group and JLIF holding a 15% interest in the project);
· its 50% interest in the Lambeth Housing project;
· its interests in both the Coleshill Parkway (100%) and Aylesbury Vale Parkway (50%) projects; and
· its 5% interest in the City Greenwich Lewisham (DLR) project.
The combined consideration, which is in line with the most recent portfolio valuation, amounts to £104 million (before costs), of which £4 million will be deferred. Subject to the satisfaction of various conditions and consents, completion of each sale and purchase agreement is expected to take place by mid-November.
As a result of the above realisations, together with the realisations already completed as at 30 June 2017 of £151 million, the Group's realisations for 2017 to date will amount to £255 million. This is ahead of our previous guidance for 2017 as a whole for realisations of approximately £200 million.
Looking ahead, the Group currently has other realisation processes underway, some of which have the potential to reach completion before 31 December 2017. A further update on realisation levels for 2017 will be given as these progress.
Olivier Brousse, John Laing Group's Chief Executive Officer, said:
"We continue to see a strong pipeline of attractive investment opportunities for new infrastructure projects, particularly in North America and Australia. These disposals position us well to take advantage of some of these opportunities."

StockMarketWire.com
John Laing Group has announced that Cross Yarra Partnership has reached agreement with Melbourne Metro Rail Authority for the financial close of the tunnel and stations package as part of the metro tunnel project.

John Laing is joining Cross Yarra Partnership as an investor in the package alongside the other consortium members, Lendlease, John Holland, Bouygues Construction and Capella Capital. Cross Yarra Partnership was announced as the preferred tenderer for the A$6bn package in July.

The project company will deliver twin nine-kilometre tunnels and five new underground stations at North Melbourne (Arden), Parkville, State Library, Town Hall and Anzac, as part of the state of Victoria's biggest ever public transport project. In John Laing's pre-close update on 8 Dec the group said its investment commitments for 2017 to date were £340m, well ahead of the original guidance of approximately £200m.

It said the metro tunnel investment had increased commitments to £383m million.

It said no further investment commitments were expected in 2017.

Chief executive Olivier Brousse said: 'Melbourne's metro tunnel is a landmark project that will transform the Melbourne rail network.

'The Public Private Partnership set up with the State of Victoria will guarantee the delivery of this highly complex project.

'John Laing is delighted to be involved in such an important project alongside some of the best construction and development companies in the world that are Lendlease/Capella, John Holland and Bouygues Construction.'

Appears to be getting sold off on the back of Carillion. I guess.

Alot of this going on in this sector.

JLIF Sitting on support now.

Yes I'm taking a bit of a knock in this sector.

I really invested in JLIF for the income, so am not too worried about the daily share price movement. Always nice to see it rise, but so long as the divi is maintained at a good percentage, am not too worried.

I hold JLIF, JLG and HICL.

Further update regarding liquidation of Carillion plc

John Laing Infrastructure Fund Limited ('JLIF' or the 'Company'), the listed infrastructure investment company, notes recent commentary regarding the impact of the liquidation of Carillion plc ("Carillion").

JLIF refers to its announcement made on 16 January 2018 in respect of the compulsory liquidation of Carillion. John Laing Capital Management Ltd, the Company's Investment Adviser, continues to work on implementing its contingency plans to replace Carillion as Facilities Management ("FM") provider on the 9 JLIF projects and expects this to occur on similar terms to the existing contracts within the projects. The Investment Adviser anticipates that there will be minimal service disruption, however initially expects additional advisory and transaction costs in respect of the appointment of replacement facilities managers to cost approximately £3 million in aggregate.

JLIF reiterates that it has no projects currently in construction where Carillion is the contractor. JLIF owns one project where Carillion is still liable for any construction defects found on the project, with the construction period having completed over 10 years ago. JLIF reiterates that a recently completed routine defects survey has not highlighted any significant areas of concern.

The Investment Adviser believes that the compulsory liquidation of Carillion should have no material impact on the Company and no impact on the Company's dividend policy. The Company will continue to manage the situation as it develops and provide further updates as appropriate.

http://www.proactiveinvestors.co.uk/companies/news/190726/john-laing-to-take-3mln-to-replace-insolvent-carillion-as-facilities-manager-on-projects-190726.html

John Laing to take £3mln to replace insolvent Carillion as facilities manager on projects

I find it astonishing Carillion still hasn't sorted the defects on a job 10 years after completion. Industry norm is 1 year plus a bit of slippage. Which shows just how bad CLLN were.

See link above :-)

Interesting isn't it. £3m is neither here not there in terms of their profitability.

I still await what JLG will say about the costs on the Liverpool hospital.

Anyways it explains the selling on Friday. I made 0.4pts in the last hour on Friday once the selling stopped. Should have made more but got shaken out.

it will be interesting to see how far the share price will bounce or whether the sector is now completely unloved.

I'm fully loaded in construction/REITs so can't take any more but I perceive this as a good entry point.

Update on Liverpool hospital job.

After some research this morning I have found out that the subbie involved Crown House, who is part of Laing Construction has nothing to do with JLG as Laing Construction was bought by Laing O'Rourke many years ago.

I'd like to short Laing O'Rourke but can't as it's privately owned.

As well as being subcontractor to Carillion on the Liverpool job their troubles on that one are going to seem minor compared to the £47m claim from their subbies on the problem Canadian hospital job.

RESULTS FOR THE YEAR ENDED 31 DECEMBER 2017

John Laing Group plc (John Laing or the Company or the Group) announces its audited results for the year ended 31 December 2017.

Highlights

· 10.5% increase in Net Asset Value (NAV), from £1,016.8 million at 31 December 2016 to £1,123.9 million

· 13.5% increase in NAV including dividends paid in 2017

· NAV per share at 31 December 2017 of 306p (31 December 2016 - 277p)1

· New investment commitments of £382.9 million2 (2016 - £181.9 million), well ahead of guidance

· Realisations of £289.0 million from the sale of eight investments (2016 - £146.6 million), well ahead of guidance

· Profit before tax of £126.0 million compared to £192.1 million in 2016

· Earnings per share of 34.7p (2016 - 51.9p)

· 12% increase in external Assets under Management (AuM) from £1,472.3 million at 31 December 2016 to £1,648.5 million3 at 31 December 2017

· Cash yield from investment portfolio of £40.2 million (2016 - £34.8 million)

· Strong investment pipeline, including nine shortlisted PPP positions

· Final dividend of 8.70p per share in line with policy (including a special dividend of 4.88p per share), giving a total 2017 dividend of 10.61p (2016 - total dividend of 8.15p), an increase of 30.2% from 20164

· 1 for 3 rights issue announced on 8 March 2018

Olivier Brousse, John Laing's Chief Executive Officer, commented:

"2017 was a strong year for John Laing. We made record investment commitments, driven in large part by our success in our core Asia Pacific and North America markets. We continued to grow our pipeline, 95% of which is now made up of opportunities outside the UK, and to scale up our business. We are exclusively focused on investment in greenfield projects that meet our strict criteria, and our strategy remains to generate value for shareholders though growth in NAV and dividends."

Notes:

1. Calculated as NAV at 31 December 2017 of £1,123.9 million (31 December 2016 - £1,016.8 million) divided by number of shares in issue at 31 December 2017 of 366.96 million (31 December 2016 - 366.92 million).

2. Based on new investment commitments secured in the year ended 31 December 2017; for further details see the Primary Investment section of the Strategic Report.

3. External AuM based on published portfolio values of JLIF at 30 September 2017 and JLEN at 31 December 2017.

4. Before adjustment for the rights issue announced on 8 March 2018.

Rights Issue

Publication of a Prospectus

Announcement of Disposal

Sale of 15% shareholding in InterCity Express Programme (IEP) Phase 1 project

John Laing Group plc (John Laing or the Company), the international originator, active investor and manager of infrastructure projects, announces that, following the receipt of final bids earlier this week, it has agreed to sell its remaining 15% interest in the IEP Phase 1 project to a subsidiary of AXA SA, a worldwide leader in insurance and asset management.

The IEP Phase 1 project comprises a 27.5-year contract to design, manufacture, finance, deliver into daily service and maintain a fleet of 57 InterCity Express Trains and the construction and/or refurbishment of three associated depots for the Great Western main line in the UK. Hitachi Rail Europe is responsible for supplying the trains and ensuring they perform reliably on a daily basis.

The consideration, which is in excess of John Laing's most recent portfolio valuation as at 31 December 2017, is £227.5 million (net of costs) and will be satisfied in cash. The transaction is subject to customary anti-trust approval, and consents from the senior lenders to the project and completion is expected to take place in Q2 2018. John Laing intends to recycle the capital into future investment commitments, in line with the Company's self-funding model. As at 31 December 2017, the Group's pipeline of opportunities in PPP and renewable energy amounted to £2.15 billion, including nine shortlisted PPP bids due to close within 18 months and four exclusive renewable energy positions, together representing an investment opportunity of approximately £350 million.

On 8 March 2018, the Company announced its results for the year ended 31 December 2017 at the same time as a 1 for 3 rights issue. At the time, John Laing indicated that the sale of its 15% interest in IEP Phase 1 could be announced during the rights issue period. John Laing also gave guidance for divestments in 2018 to be broadly in line with guidance for investment commitments (before taking into account the rights issue) of approximately £250 million. This sale of its remaining 15% interest in IEP Phase 1 is consistent with that guidance for divestments.

more.....

StockMarketWire.com
John Laing Infrastructure Fund reported a net asset value (NAV) of £1,234.8m for 2017, up from £1,080.6m, representing a NAV per share of 124.6 pence and NAV total return of 9.5%.

The fund declared a dividend of 3.57p per share for the six months to 31 December 2017, up 2.5%, taking the total dividend for the year to 6.96p per share paid in 2017, up 5.6% on the closing share price at 31 December 2017 of 123.2 pence.

The portfolio value grew 13.3% to £1,379.3m and underlying portfolio growth was 9.11%, ahead of growth arising from discount rate unwind.

The group said it plans to put forward a proposal to shareholders in May to move tax domicile to the UK and become UK Investment Trust.

The firm's profit before tax for the year ended 31 December 2017 was £99m, down from £160.4m, generating earnings per share of 10.2p, well below the 18.1p the previous year. A number of transitory factors had boosted pre-tax profit in 2016.

The firm said that while UK projects will remain a core component of its portfolio, the immediate future focus would shift to overseas markets such as North America and Continental Europe.

Commenting on today's results, David MacLellan, Chairman of JLIF, said: 'Despite a somewhat challenging background for its asset class, JLIF continued to make steady progress during 2017, generating strong portfolio yields and underlying portfolio growth. During 2018, the Company and its Investment Adviser will continue to focus on protecting and enhancing the portfolio as well as selectively seeking new investment opportunities in line with the Company's strategy.'

Results of Rights Issue

The Company today announces that as at 11.00 a.m. on 23 March 2018 (being the latest time and date for receipt of valid acceptances), it had received valid acceptances in respect of 118,693,628 Rights Issue Shares, representing approximately 97.03 per cent. of the total number of Rights Issue Shares offered pursuant to the 1 for 3 rights issue announced by the Company on 8 March 2018 (the "Rights Issue").

It is expected that dealings in the Rights Issue Shares, fully paid, will commence on the London Stock Exchange's main market for listed securities from 8.00 a.m. on 26 March 2018.

It is also expected that the Rights Issue Shares held in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. on 26 March 2018, and that definitive share certificates in respect of Rights Issue Shares held in certificated form will be dispatched by no later than 6 April 2018 to Qualifying Non-CREST Shareholders who have taken up their Rights.

In accordance with their obligations under the Underwriting Agreement, Barclays Bank PLC ("Barclays") and HSBC Bank plc ("HSBC", together the "Underwriters") shall severally use their reasonable endeavours to procure, on behalf of the Company, by not later than 5.00 p.m. on 27 March 2018, subscribers for all (or as many as possible) of the remaining 3,626,416 Rights Issue Shares not validly accepted, failing which the Underwriters have agreed to subscribe for any remaining Rights Issue Shares on a several basis and in their agreed proportion.

To the extent that such Rights Issue Shares are sold at a premium to the Rights Issue offer price of 177 pence per Rights Issue Share, such premium (after deduction of applicable fees and expenses) will be paid (without interest) to those persons entitled pro rata to the entitlements not taken up in accordance with the terms of the Rights Issue, save that no payment will be made of amounts of less than £5.00 per holding, which amounts will ultimately accrue for the benefit of the Company.

A further announcement as to the number of Rights Issue Shares for which subscribers have been procured will be made in due course.

Capitalised terms not otherwise defined herein, are defined in Part 17 of the prospectus published by the Company on 8 March 2018 in connection with the Rights Issue (the "Prospectus"), which is available on the Company's website at www.laing.com.

Total Voting Rights

In accordance with the FCA's Disclosure and Transparency Rules, the Company notifies that, as at 26 March 2018, the total issued share capital of John Laing Group plc is 489,280,178 ordinary shares of 10 pence each with one voting right per share. There are no ordinary shares held in treasury.

Therefore the total number of voting rights in John Laing Group plc is 489,280,178. This figure should be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, John Laing Group plc under the Disclosure and Transparency Rules.

more.....

StockMarketWire.com
Infrastructure investment manager John Laing Friday maintained its full-year outlook on investment commitments, which it said would be weighted toward the second half of the year.

The infrastructure investment manager said it continued to expect investment commitments to total £250m for the full-year 2018.

Total investment commitments of £40m had been received in 2018 to date, the company confirmed.

Bidding activity was lower in the early part of 2018 but had since picked up in each of its core markets - Europe, North America and Asia Pacific the company said.

'Following our rights issue in March and the sale of our interest in IEP (Phase 1), we have the financial flexibility to take advantage of our strong pipeline of opportunities, said Olivier Brousse, John Laing's Chief Executive Officer.

PRE-CLOSE UPDATE

John Laing Group plc ("John Laing" or "the Group"), the international originator, active investor and manager of infrastructure projects, today issues a pre-close update for the six months ending 30 June 2018.

Investment activity

· Investment commitments weighted towards the second half and full year guidance for 2018 maintained at approximately £250 million

· Strong pipeline of future opportunities as described in March 2018 rights issue

· Following record investment commitments in 2017, bidding activity was lower in the early part of 2018 but is now very active in each of our core markets: Europe, North America and Asia Pacific

· Currently part of:

o One preferred bidder PPP position in Europe with a potential investment opportunity of approximately £7 million

o 12 shortlisted PPP bids due to reach financial close in the next two years, of which 10 are in North America and two in Europe, representing a total potential investment opportunity of approximately £360 million

o Seven exclusive renewable energy positions, representing a total potential investment opportunity of approximately £240 million

· Total investment commitments of £40 million in 2018 to date (see Appendix I):

o PPP: MBTA Automated Fare Collection System (US): £18 million

o PPP: A16 road (Netherlands): £22 million

Realisations

· Sale of remaining 15% shareholding in Intercity Express Programme (IEP) (Phase 1) completed for consideration of £232 million (£228.4 million after costs). As already stated, this was in excess of the valuation at 31 December 2017

· Sale of 50% shareholding in Lambeth Social Housing project, announced in late 2017, now completed with proceeds of £9.5 million

· With further sale processes currently underway, full year guidance for 2018 maintained at approximately £250 million

Investment portfolio

We are pleased with the performance of our investment portfolio in 2018 to date.

Our asset management team actively monitors and manages each project we invest in. A number of these projects are large, sophisticated infrastructure assets, and therefore delays and other issues do occur. In all instances, a judgement as to potential outcomes is taken into account when John Laing's portfolio valuation is prepared.

IEP (Phase 2)

· The first trains for the East Coast mainline, which have the same design as IEP (Phase 1), are scheduled to be accepted into service in Q4 2018

Denver Eagle P3

· The project company has made good progress in H1 2018 to obtain the necessary approvals for the level crossings on the "A" and "G" lines. Subject to final certification, full revenue service is expected to be achieved in Q3 2018

Optus Stadium, Perth

· The stadium has performed well during a number of high capacity, high profile events in H1 2018, with over 500,000 spectators to date. The project was announced winner of the 2018 Australian Construction Achievement Award.

Sydney Light Rail

· As stated in our 2017 results announcement the programme is approximately 12 months behind schedule, but remains within the overall long-stop date. Part of the delay is attributable to the presence of below ground utility equipment not identified before construction commenced. This has led to various claims by the principal contractor, which are currently the subject of negotiations between the contractor and the public sector client, facilitated by the project company.

New Royal Adelaide Hospital

· As stated in our 2017 results announcement, the project company continues to monitor the performance of the facilities management services provider. While this performance has been improving, the project company and the South Australian government are currently in discussions about the application of the abatement regime resulting from service under-performance.

Pension fund

· The deficit as calculated in accordance with IAS 19 at 31 December 2017 of £35.2 million was estimated to have moved to a surplus of £19.8 million at 31 May 2018. This was due principally to a scheduled cash contribution of £26.5 million in March 2018 together with a small increase in the discount rate used to value the liabilities.

Outlook

· The pipeline of new investment opportunities remains strong in both PPP and renewable energy in each of our three core markets

· Current guidance of approximately £250m for investment commitments in 2018 maintained

· As previously stated, we continue to assess (i) other infrastructure asset classes that might fit our business model (ii) new geographies where we see potential opportunities to invest alongside established partners at appropriate returns

· The market for secondary assets remains strong


Olivier Brousse, John Laing's Chief Executive Officer, said:

"Following our rights issue in March and the sale of our interest in IEP (Phase 1), we have the financial flexibility to take advantage of our strong pipeline of opportunities. Our focus is to continue to grow in a managed way by ensuring we select the projects with the best risk-adjusted returns and that we work with the best partners. John Laing is steadily becoming renowned internationally for active independent greenfield infrastructure investment, and is well positioned for further growth."

The Group's results for the six months ending 30 June 2018 will be announced on 23 August 2018.

Possible cash offer for JLIF Limited

FTSE 250 fund John Laing Infrastructure sold to two rivals in £1.5bn deal

"Their offer values JLIF shares at 142.5p each but – following murmurs of an investor revolt over the price – also includes a dividend of 3.57p per share. It takes the total offer per share to 146.07p."

Almost a shame really as JLIF has been a pretty steady investment for me. Am now going to have to search again for a safe haven.

Yes - a bit of a dilemma as I have quite a large holding.

Standard Life Aberdeen > 15%

Half year results on 23rd.

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018

John Laing Group plc (John Laing, the Company or the Group) announces its unaudited results for the six months ended 30 June 2018.

Highlights

· Net asset value (NAV) per share at 30 June 2018 of 307p (31 December 2017 - 281p1)

- 9.3% increase since 31 December 2017

- 11.7% increase including dividend paid in May 2018

· NAV of £1,505.4 million at 30 June 2018 (31 December 2017 - £1,123.9 million)

· £39.2 million in investment commitments (six months ended 30 June 2017 - £111.3 million)2

· Strong pipeline of £2.3 billion of investment opportunities, including 12 shortlisted PPP positions representing c.£325 million of potential investment

· Realisations of £241.5 million from the sale of investments in project companies (six months ended 30 June 2017 - £151.3 million)

· Profit before tax of £174.3 million (six months ended 30 June 2017 - £36.6 million) and earnings per share (EPS) of 38.8p (six months ended 30 June 2017 - 9.4p)3

· Portfolio value at 30 June 2018 of £1,259.7 million representing 18.2% increase on rebased portfolio value4 at 31 December 2017

· Interim dividend of 1.80p per share payable in October 2018 (six months ended 30 June 2017 - 1.75p per share5)

· 1 for 3 rights issue in March 2018 raising £210.5 million, net of costs (the Rights Issue)

· 2018 guidance for investment commitments and realisations maintained



Olivier Brousse, John Laing's Chief Executive Officer, commented:

"We are pleased with our performance in the first half of 2018. John Laing is growing as an international expert investor in greenfield infrastructure, in Europe, North America, Asia Pacific and beyond. Our pipeline of opportunities continues to grow, whilst our exposure to the UK market continues to reduce. The recent Rights Issue has given us the financial credibility to team up with the best international infrastructure players. At the same time we will retain our risk analysis and investment discipline to continue to grow safely and in a scalable way. Our pipeline should continue to drive our investment growth, whilst the quality of our secondary portfolio and the dynamism of the market for operational assets should continue to fund that growth. The recent reorganisation around our three regions will ensure scalability of our growth and cost base while reinforcing local presence. We are confident about our business model and our future performance."



Notes:

(1) NAV per share at 31 December 2017 of 281p is the previously reported NAV per share of 306p multiplied by the Rights Issue bonus factor6

(2) Based on new investment commitments secured in the six months ended 30 June 2018; for further details see the Primary Investment section of the Business Review

(3) Basic EPS (adjusted for the Rights Issue); see note 7 to the Condensed Group Financial Statements

(4) Rebased portfolio value is described in the Portfolio Valuation section

(5) Interim dividend per share for the six months ended 30 June 2017 of 1.75p is the 1.91p paid in October 2017 multiplied by the Rights Issue bonus factor6

(6) For details of the Rights Issue bonus factor see note 7 to the Condensed Group Financial Statements



A presentation for analysts and investors will be held at 9:00am (London time) today at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED. A webcast of the presentation and a conference call facility will be accessible using the details below.



Conference call dial in details:



UK: 020 3936 2999

Other locations: +44 (0) 20 3936 2999

Participant access code: 39 57 10



Participant URL for live access to the on-line presentation:



https://www.investis-live.com/john-laing/5b58540205eeee1000fe20b4/thgs

Peel Hunt Buy 319.60 355.00 400.00 Reiterates

SCHEME OF ARRANGEMENT (JLIF)
In respect to the possible Cash Offer for the entire issued and to be issued share capital of John Laing Infrastructure Fund Limited (JLIF) by a consortium comprising of Dalmore Capital Limited and Equitix Investment Management Limited, JLIF has announced the expected timetable of the Scheme of Arrangement.
Terms: GBP1.425 per Share in cash and the payment of a Dividend of up to GBP0.0357 per Share to JLIF Shareholders
prior to closing of the transaction.
Relative Details and Dates:
24 September 2018 - Court Meeting.
24 September 2018 - General Meeting.
27 September 2018 - Last day of dealings in, and for registration of transfers of JLIF Shares.
27 September 2018 - Scheme Record Time.
28 September 2018 - Effective Date of the Scheme.
28 September 2018 - Dealings in JLIF Shares suspended.

StockMarketWire.com
John Laing Infrastructure Fund said Wednesday that no further bids had been received for the company to rival the £1.45bn bid from a consortium backed by Dalmore Capital and Equitix Investment Management.

'The board of John Laing Infrastructure Fund confirms that since the Announcement it has not received any competing proposals from any third party potential offerors and is not currently in discussions with any third party regarding a competing proposal,' the company said.

John Laing Infrastructure Fund, or JLIF, had said in August that it would recommend that shareholders accept the takeover offer.

Under the terms of the agreement, shareholders would receive 142.5p a share and JLIF shareholders would be entitled to a dividend of 3.57p for each JLIF share for the six-month period ended 30 June.

Approval of the takeover would require both regulatory and shareholder approval. A vote on whether to accept the offer is slated for Monday, 24 September 2018. At 8:47am: (LON:JLIF) John Laing Infrastructure Fund Ltd share price was -0.7p at 141.9p

I have received the JLIF divi, so just the cash from the shares to come.

JLIF and Bidco are pleased to announce that at a hearing held earlier today the Royal Court of Guernsey has sanctioned the scheme of arrangement under Part VIII of the Companies Law of Guernsey (the "Scheme") to effect the recommended cash acquisition by Bidco of the entire issued and to be issued share capital of JLIF. All conditions to the Scheme have now been satisfied or waived and the Scheme has now become Effective in accordance with its terms.

The listing of JLIF Shares on the premium equity closed ended investment funds listing segment of the Official List and admission to trading of JLIF Shares on the London Stock Exchange's Main Market were suspended with effect from 7.30am on 28 September 2018. JLIF has made an application to the U.K. Listing Authority to cancel the listing of JLIF Shares on the Official List and the London Stock Exchange to cancel trading of JLIF Shares on the Main Market. These cancellations are expected to take effect at 8.00am (London time) on 1 October 2018.

JLIF Shareholders' cash consideration under the terms of the Scheme will be settled or despatched by no later than 12 October 2018.

5 October 2018 - 2018 Investment Commitments Update

Investor & Analyst day, 2018 Investments update


Investor and analyst morning & 2018 investment commitments update

John Laing Group plc (John Laing), the international originator, active investor and manager of infrastructure projects, announces that it is holding an investor and analyst morning for institutional investors and analysts in London today.

Members of John Laing's senior management team will present on: the North American market, active management of investments in its international portfolio and the impact of macro-economic factors on the Company's balance sheet.

Other than the investment update below, there will be no new material information released.

Presentation materials will be made available on John Laing's website at www.laing.com at 9:30am today to coincide with the start of the event.

2018 investment commitments update

On 5 November 2018, we achieved financial close on an AUD $75 million (£41 million) investment for a 100% interest in the 174.9 MWp Finley Solar Farm project in New South Wales. This is John Laing's second solar investment in Australia.

Taking into account this investment, our total investment commitments in 2018 to date increase to £196.2 million and we are maintaining our full year guidance of approximately £250 million.

.

A new high earlier @326.40p.

Well that's RBC's TP hit.

All looking rather good here.

A new high @346.80p.

05 March 2019 Announcement of full year results.

New high @352.80.

Update on 2018 investment commitments and realisations

John Laing Group plc (John Laing), the international originator, active investor and manager of infrastructure projects, issues an update on investment commitments and realisations.

2018 investment activity

In our pre-close update on 13 December 2018, we reported that investment commitments were £267 million, slightly ahead of our guidance for the year ending 31 December 2018 of approximately £250 million, and that a further £20 - £30 million investment was possible before the year end.

In late 2018, two further investment commitments were entered into, totalling £35 million:

· Cherry Tree Wind Farm (Australia): £19 million

· Buckleberry Solar Farm (US): £16 million

Total investment commitments in 2018 were therefore £302 million.

2018 realisations

In our pre-close update, we also said that we expected the agreed sale of our 37.43% shareholding in Manchester Waste TPS Co for £54.5 million to complete in Q1 2019 following customary EU anti-trust clearance. This clearance took less time than anticipated and the transaction completed in late December 2018.

Total realisations completed for 2018 were therefore £296 million and we expect the 2018 special dividend to be based on this total. The Group's dividend policy includes a special dividend of approximately 5-10% of gross proceeds from the sale of investments, subject to specific investment requirements in any one year. While the proposed special dividend for 2018 has not yet been determined, the revised 2018 level of realisation proceeds is not expected to result in a materially different level of special dividend from what was indicated in the pre-close update.

2019 realisations

In the pre-close update, we also referred to other realisation processes being underway, but not expected to reach completion before year end. In late December 2018, we agreed the sales of both our 95.3% shareholding in the Rocksprings wind farm in Texas and our 92.5% shareholding in the Sterling wind farm in New Mexico to the Abu Dhabi Future Energy Company (Masdar).

The combined agreed consideration was in excess of US$100 million, in line with the expected portfolio valuation for the two investments at 31 December 2018, and is subject to potential adjustment. The sale is also subject to governmental and financing partner consents and is expected to complete in the first half of 2019.

Further realisation processes remain underway. We expect to provide guidance on both 2019 investment commitments and realisations when we announce our results for the year ended 31 December 2018 on 5 March 2019.

A new high earlier @367.60p.

Yes should have hung on to mine. O well you win some you .....