ALI - Argo Global Listed Infrastructure
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Dona Ferentes
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The Share Purchase Plan opens on Friday 1 October 2021 and offers eligible shareholders the opportunity to acquire up to $30,000 of new fully paid ordinary shares in Argo Infrastructure (ASX: ALI) without incurring brokerage or other charges. Funds raised under the SPP will be applied to further investments in global listed infrastructure securities.
The SPP price will be the LOWER of:
• $2.28 per new share (maximum price*) which is a 5% discount to the closing price of ALI shares on the ASX on the SPP entitlement record date (27 September 2021); OR
• The volume-weighted average price of ALI shares traded on the ASX over the last 5 trading days of the SPP Offer period
The SPP price will be the LOWER of:
• $2.28 per new share (maximum price*) which is a 5% discount to the closing price of ALI shares on the ASX on the SPP entitlement record date (27 September 2021); OR
• The volume-weighted average price of ALI shares traded on the ASX over the last 5 trading days of the SPP Offer period
Thanks for that. I'll give it some thought. One of the reasons I hold ALI is because it isn't purely shares. At one stage I did consider VBLD but I didn't want to deal with another ETF along with its associated AMIT and CG issues. Crazy at one level maybe but it is what is suitable for me. ALI is a little cleaner with the dividends which is to be paid 1 October so some of that could make it's way back into ALI via the SPP.
Dona Ferentes
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I'd think it was a pretty deliberate move, to offer the SPP up just as the dividend payouts reach the climax, for the reporting season just past.
Dona Ferentes
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and another opportunity ...... ALI conducted a SPP recently. The upper amount to be raised, after which scaling back would likely apply, was $75million, but in the end applications from 2,460 shareholders were accepted, totalling $30,970,000.
This is still an 8% lift in ALI's Market Cap. There is plenty of opportunity in the investible universe for the manager to deploy these new funds. But of course, the stags/ opportunists drove the price back a few cents closer to the $2.28 SPP price. The most recent NTA is $2.36
(Hold, took part)
This is still an 8% lift in ALI's Market Cap. There is plenty of opportunity in the investible universe for the manager to deploy these new funds. But of course, the stags/ opportunists drove the price back a few cents closer to the $2.28 SPP price. The most recent NTA is $2.36
(Hold, took part)
So_Cynical
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Trading at $2.27 with a yield of about 3.4% and Management fee of a whopping 1.2% ~ how the hell do they get away with that?
ALI holds listed stocks, god dam how hard is it to manage buy and hold of 40 or so global listed infrastructure stocks???
ALI holds listed stocks, god dam how hard is it to manage buy and hold of 40 or so global listed infrastructure stocks???
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yes the results look quite good , if they had of upped the div. ( to say 3.5 cents ) this might have gone very well ( i assume they are 'smoothing the divs '
i looked , i thought and decided i didn't want exposure to international infrastructure at this time , however given Brookfield is trying to buy infrastructure assets at a startling pace , i may live to regret that decision
Dona Ferentes
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clearly not very hard.
while just above in Belli's post, and in the actual announcement, is a dividend of 3.5c , similar to the previous HY of 3.5c. I suppose they could up it to, say, $0.035, which would impress some.
Looks as if the payout ratio is 20% which is very conservative compared with other LICs. As far as I know, however, I know there are no other LICs in this particular sphere. It has increased the profit reserve (from which it pays dividends) to $42m net ($38m pcp) after payment of the declared dividend.
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did i misread ?? sorry if i did i thought i saw only 3 cents div ( my bad )remember divs. are great or disappointing depending at the price YOU bought in ( although a buddy always calculates using the current share price even if he bought 20 years back )
i probably should have bought ALI much earlier near launch , but when i see 'infrastructure ' i think of massive debt loading , and i have been looking for ( my concept of ) 'safe-havens ' and debt-piles ' are not that attractive to me
cheers
Typical approach by you of inconsistency. I've noticed you do this constantly.
Then you don't comprehend the massive debt held by WPL, AGL and a host of other companies including banks which are geared to the hilt and probably lend at 10 times to each dollar they have.
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i don't hold AGL ( albeit for different reasons ) i held SYD because MQG gave me a fistful for free ( but have sold them a few months back ) and sometimes regret holding WPL ( which i MIGHT sell after BHP gives me many more )
and MQG is the only large bank i have a sizable holding in ( i strongly prefer the regionals)
i consider 'high debt ' as 'high risk ' and therefore expect sizable returns
on MQG i am up $31.64 a share in realized capital gains PLUS $8 realized capital gains on the SYD shares ( per share ) PLUS roughly $188 ( per share ) in unrealized capital gains and thus i still hold MQG despite the higher risk
and MQG is the only large bank i have a sizable holding in ( i strongly prefer the regionals)
i consider 'high debt ' as 'high risk ' and therefore expect sizable returns
on MQG i am up $31.64 a share in realized capital gains PLUS $8 realized capital gains on the SYD shares ( per share ) PLUS roughly $188 ( per share ) in unrealized capital gains and thus i still hold MQG despite the higher risk
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i learned my financial skills as a 12 year old paper boy and odd job person , maybe if i had paid for a degree i would think differently
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Don't worry I was told a long time ago, a person with a degree can earn a lot of money and a person with common sense can normally take it off them.
Don't worry I was told a long time ago, a person with a degree can earn a lot of money and a person with common sense can normally take it off them.
Must get meself a degree one day to see what will happen.
So_Cynical
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I dont have a degree, Half year report: Here
Investment income: dividends, distributions and interest - 5.658.000
Management fees - 2.330.000
So about 42% of all income is gone in fees, am i missing something? or is this absolutely outrageous.
Investment income: dividends, distributions and interest - 5.658.000
Management fees - 2.330.000
So about 42% of all income is gone in fees, am i missing something? or is this absolutely outrageous.
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Why would you want to take someone's degree off them?Don't worry I was told a long time ago, a person with a degree can earn a lot of money and a person with common sense can normally take it off them.
Is there a rush on toilet paper again? ?
Outrageous indeed. The poor directors should have taken more for their bonuses... ?
Not entirely. The management fee of 1.2% is based on percentage of the assets not the income. Also if looking at income, it includes the net changes in the fair value of assets. We peons may find it decidely odd but higher beings have decided the accounts are to prepared in accordance with the Australian Accounting Board Standards.
If you would like to be as outraged as a friend of mine was have a gander at the half yearly report of WAM. Now thems is fees!
