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.

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John Laing Group's Fundamentals (JLG)

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.'