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)

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