3i Group
III: 675.50 -18.00 (▼2.60%)
| Bid Price | 675.50 | High Price | 695.48 |
|---|---|---|---|
| Ask Price | 676.00 | Low Price | 672.00 |
| Open Price | 690.00 | Spread | 0.07% |
| Prev Close | 675.50 | Volume | 3,787,642.00 |
3i Group Share Price Chart
Intraday
Historic – 1 year
3i Group Share Price Information
| Name | 3i Group | Epic | III |
|---|---|---|---|
| Sector | Financial Services | ISIN | GB00B1YW4409 |
| Activites | 3i Group plc is an international investor focused on buyouts, growth capital and infrastructure, investing across Europe, Asia and North America. 3i is a focused investment business with a portfolio of 198 investments, well diversified by geography, sector and business line. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 675.50 | Net Gearing (%) | 7.61 |
|---|---|---|---|
| Market Cap (£m) | 6,799.63 | Gross Gearing (%) | 24.02 |
| Shares in issue (m) | 972.76 | Debt Ratio | 17.04 |
| P/E Ratio | 9.46 | Debt-to-Equity Ratio | 0.65 |
| Divs per share (p) | 22.00 | Assets / Equity Ratio | 1.32 |
| Dividend Yield (%) | 3.43 | Price to book value | 1.53 |
| Dividend Cover | 2.41 | SROCE (%) | 8.68 |
| Earning per share (p) | 73.90 | EPS Growth (%) | 15.83 |
| 52-week high / low (p) | 705.00 / 389.30 | DPS Growth (%) | 10.00 |
3i Group Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 12 Dec | Barclays Capital | Overweight | 675.50 | 750.00 | 750.00 | Reiterates |
| 23 Nov | Societe Generale | Buy | 675.50 | 730.00 | 795.00 | Reiterates |
| 14 Nov | JP Morgan Cazenove | Overweight | 675.50 | Reiterates | ||
| 14 Nov | Citigroup | Neutral | 675.50 | Reiterates | ||
| 11 Nov | Barclays Capital | Overweight | 675.50 | 750.00 | 750.00 | Reiterates |
3i Group Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 22 Nov 2016 | Julia Wilson | Sell | 16462 @ 643.26p | £105,893.46 |
| 22 Nov 2016 | Julia Wilson | Transfer In | 34904 @ 0.00p | £0.00 |
| 22 Nov 2016 | Simon Borrows | Transfer In | 83566 @ 0.00p | £0.00 |
| 11 Nov 2016 | Jonathan Asquith | Buy | 26000 @ 617.00p | £160,420.00 |
| 03 Oct 2016 | Julia Wilson | Sell | 64381 @ 639.04p | £411,420.34 |
| 03 Oct 2016 | Julia Wilson | Transfer In | 136604 @ 0.00p | £0.00 |
| 03 Oct 2016 | Simon Borrows | Transfer In | 300529 @ 0.00p | £0.00 |
| 31 Aug 2016 | Julia Wilson | Buy | 24 @ 615.00p | £147.60 |
| 29 Jul 2016 | Julia Wilson | Dividend Reinvestment | 385 @ 614.17p | £2,364.54 |
| 29 Jul 2016 | Julia Wilson | Buy | 24 @ 614.17p | £147.40 |
| 28 Jul 2016 | Julia Wilson | Sell | 54340 @ 621.10p | £337,505.74 |
| 28 Jul 2016 | Julia Wilson | Transfer In | 115292 @ 0.00p | £0.00 |
| 28 Jul 2016 | Simon Borrows | Transfer In | 253642 @ 0.00p | £0.00 |
| 30 Jun 2016 | Julia Wilson | Buy | 31 @ 490.23p | £151.97 |
3i Group Company News
Broker Forecast – Societe Generale issues a broker note on 3i Group PLC
Societe Generale today reaffirms its buy investment rating on 3i Group PLC (LON:III) and raised its price target to 795p (from 730p).
Story provided by StockMarketWire.com
Director Deals – 3i Group PLC (III)
Jonathan Asquith, Non Executive Director, bought 26,000 shares in the company on the 11th November 2016 at a price of 617.00p. The Director now holds 140,301 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
FTSE falls on stronger pound
The FTSE 100 closed 1% down as National Grid (NG.) and British American Tobacco (BATS) pulled the blue chip index lower.
Sterling strengthened against the dollar by 0.2% to $1.24, a potential headwind for blue chip overseas earners.
US initial unemployment claims fell by 11,000 in the week to 5 November from the previous week’s unrevised level of 265,000.
West Texas Intermediate (WTI) crude oil was 1% lower at $44.82 and Brent crude oil fell 0.7% to $46 per barrel, respectively.
Gold fell 0.6% to $1,264 per ounce.
FTSE 100 RISERS AND FALLERS
Cyclical industrial stocks including equipment hire outfit Ashtead (AHT) and builders merchant Travis Perkins (TPK) continued to rally following Trump’s win.
Fresnillo (FRES) and Randgold Resources (RRS) gave back some of the near-double digit gains achieved in the wake of Trump’s election win.
Copper miner Antofagasta (ANTO) was one of the biggest risers on the stock market as copper continued its rally. The metal gained 3% to $5,577 per tonne.
Barclays (BARC) traded 4.2% higher at 201p, as financial stocks gained on the prospects of higher interest rates and better interest rate margins.
Shares in Mediclinic (MDC) slumped after it reported that revenue growth in the Middle East is expected at the bottom end of expectations. This was blamed on the continued weak macro-economic environment and the delayed opening of its Al Jowhara facility.
National Grid disappointed investors as pre-tax profit fell from £1,371m in the six months to 30 September 2015 to £1,359m over the same period this year.
Private equity firm 3i (III) dipped 7.8% to 604.5p despite its NAV increasing from 463p on 31 March 2016 to 551p on 31 September.
FTSE 250 RISERS AND FALLERS
Construction trade supplier Grafton (GFTU) was on higher ground despite like-for-like revenue growth slowing to 2.4% in the four months to 31 October, compared to 4.2% growth in the preceding six months.
Superdry brand owner SuperGroup (SGP) advanced on a better-than-expected first half trading and strategy update. The firm shrugged off warm weather in August and September to deliver 12.8% growth in like-for-like sales, with wholesale revenues up nearly 44%.
Bicycles retailer Halfords (HFD) reversed 4.7% to 327.3p as interim results revealed a sharp drop in earnings, with margins impacted by the weaker pound, cycling product promotions and investments in long-term growth.
SMALL CAP RISERS AND FALLERS
ServicePower Technologies (SVR) soared 60% to 4p on confirmation that it is in preliminary discussions with Jonas Computing, which could lead to a takeover offer.
A profit warning caused sausage skins maker Devro (DVO) to crash 17.4% to 186.5p. Amid muted sales in Latin America, Devro will invest in new products and manufacturing efficiencies to improve its competitive position.
Wincanton (WIN) surged 8.4% to 202p as chief executive Adrian Colman flags falling net debt and rising profitability as an opportunity to invest further in growing the business.
Juicier profit margins helped the logistics specialist to a 19.2% gain in underlying operating profit, at £26.1m. Revenue declined slightly as Wincanton exits loss-making contracts.
Mobile Streams (MOS) plummeted 27.8% to 10p after slumping from a profit of £0.83m to a loss before tax of £0.74m.
Wireless solutions developer Starcom (STAR) climbed 7.5% after Amerijet Airlines approved its Kylos Air GPS tracking device for Air Cargo.
Ophir’s (OPHR) subsidiary Ophir Holdings & Ventures signed a binding shareholders’ agreement to establish a joint operating company to develop the Fortuna project.
Story provided by StockMarketWire.com
FTSE rallies after Trump win
The FTSE 100 jumped 0.7% to 6,964 with miners, financial and industrial stocks making positive gains following Trump’s victory.
FTSE 100 RISERS AND FALLERS
Cyclical industrial stocks also rallied as Trump pledged to ramp up infrastructure spending. Asphalt producer CRH (CRH), equipment hire outfit Ashtead (AHT) and builders merchant Travis Perkins (TPK) benefitted.
Fresnillo (FRES) and Randgold Resources (RRS) gave back some of the near-double digit gains achieved in the wake of Trump’s election win.
Copper miner Antofagasta (ANTO) was one of the biggest risers on the stock market as copper continued its rally. The metal gained 4% to $5,643 per tonne.
Barclays (BARC) traded 5.8% higher at 204p, as financial stocks gained on the prospects of higher interest rates and better interest rate margins.
Shares in Mediclinic (MDC) slumped after it reported that revenue growth in the Middle East is expected at the bottom end of expectations. This was blamed on the continued weak macro-economic environment and the delayed opening of Al Jowhara.
National Grid (NG.) disappointed investors as pre-tax profit fell from £1,371m in the six months to 30 September 2015 to £1,359m over the same period this year.
Private equity firm 3i (III) dipped 4.6% to 625p despite its NAV increasing from 463p on 31 March 2016 to 551p on 31 September.
West Texas Intermediate (WTI) crude oil slipped 0.2% to $45.19, while Brent crude oil advanced 0.6% to $46.64 per barrel, respectively.
Gold glittered at $1,283 per ounce.
FTSE 250 RISERS AND FALLERS
Construction trade supplier Grafton (GFTU) was on higher ground despite like-for-like revenue growth slowing to 2.4% in the four months to 31 October, compared to 4.2% growth in the preceding six months.
Superdry brand owner SuperGroup (SGP) advanced on a better-than-expected first half trading and strategy update. The firm shrugged off warm weather in August and September to deliver 12.8% growth in like-for-like sales, with wholesale revenues up nearly 44%.
Bicycles retailer Halfords (HFD) reversed 4% to 329.4p as interim results revealed a sharp drop in earnings, with margins impacted by the weaker pound, cycling product promotions and investments in long-term growth.
SMALL CAP RISERS AND FALLERS
A profit warning caused sausage skins maker Devro (DVO) to crash 18% to 185p. Amid muted sales in Latin America, Devro will invest in new products and manufacturing efficiencies to improve its competitive position.
Publisher Johnston Press (JPR) confused investors with a flaky outlook statement causing the stock to drop 5% to 13.19p.
Chief executive Ashley Highfield said the newspaper group should hit market expectations providing there is no ‘further deterioration’ in trading conditions.
Mobile Streams (MOS) crashed 28.6% to 9.82p after slumping from a profit of £0.83m to a loss before tax of £0.74m.
Wireless solutions developer Starcom (STAR) climbed 19.6% after Amerijet Airlines approved its Kylos Air GPS tracking device for Air Cargo,
Ophir’s (OPHR) subsidiary Ophir Holdings & Ventures signed a binding shareholders’ agreement to establish a joint operating company to develop the Fortuna project.
Wincanton (WIN) surged 9.5% to 203.9p as chief executive Adrian Colman flags falling net debt and rising profitability as an opportunity to invest further in growing the business.
Juicier profit margins helped the logistics specialist to a 19.2% gain in underlying operating profit, at £26.1m. Revenue declined slightly as Wincanton exits loss-making contracts.
Story provided by StockMarketWire.com
FTSE up on most miners, financials after Trump win
London equities steamed ahead in the cold light of yesterday’s victory by Donald Trump in the US presidential election, in the process shrugging off ex-dividend ballast amid higher crude oil and gold prices.
Soon after the open, FTSE 100 was up 71.85 points, or 1.04%, to 6983.69, while FTSE 250 added 166.88, or 0.95%, to 17,757.9. At 8.41am, WTI crude was up 0.46% to $45.48/bbl and Brent was up 0.88% to $46.77/bbl. Gold was up 1.08% to $1287.2/oz.
Overall, about 76 blue chips made gains, with about 44 of these ahead by 1% or more. Big-ticket miners were to the fore, led by a 10.64% vault higher in Antofagasta shares to 709.75p. Glencore (GLEN) was up 5.18% to 284.25p, and Anglo American (AAL) added 4.44% to 1246p.
Also rising were lenders, with Barclays (BARC) firming 6.07% to 204.6p and Royal Bank of Scotland rising 5.1% to 202.1p. Insurers were on the pace, too. Prudential (PRU) accelerated 6.26% to 1514.75p, and Standard Life (SL.) sortied up 4.61% to 370p.
More in all these sectors followed, as did multiple house builders, commercial property, retailers and US-rates sensitive utilities. However, National Grid (NG.) fell 0.95% to 995.95p, as its H1 statutory pretax profit has fallen 64% to £485m, from £1.35bn.
To the downside, the story was one of gold-focused metals burrowers and supermarkets. Randgold Resources (RRS) lost 3.55% to 6862.5p and Fresnillo (FRES) flopped 2.71% to 1723p. Sainsbury (SBRY) eased 1.49% to 235.15p and Tesco (TSCO) was discounted 0.96% to 197.73p.
In the news, ITV (ITV) appreciated 1.3% to 168.15p as it reported good revenue growth in the nine months to end-September. 3i Group (III), up 0.4% to 658.25p, reported an excellent H1 performance with strong progression in NAV per share to 551p.
BIGGER MOVERS
Starcom (STAR), up 27.27% to 3.5p, said global cargo transportation provider Amerijet Airlines has approved the Company’s Kylos Air GPS Tracking Device for Air Cargo (“Kylos Air”) use aboard its aircraft.
Mobile Streams (MOS), down 25.45% to 10.25p, has swung to a FY pretax loss of £0.74m, from a profit of £0.83m. It said revenues fell to £12.8m, from £29.1m. This was due to ongoing challenges in the company’s core market of Argentina.
Devro (DVO), down 19.19% to 182.63p, has maintained its forecast for underlying operating profits this year but warned it expects results for 2017 to be lower than previous guidance.
LONDON HIGHLIGHTS
Proactis (PHD), up 8.5% to 134p, has conditionally agreed to acquire the entire issued share capital of Millstream Associates Ltd for a consideration of £15.5m on a cash free/debt free and normalised working capital basis.
Vedanta Resources (VED), up 6.69% to 833.25p, has booked H1 revenue of $4.9bn and EBITDA of $1.2bn, down respectively 15% and 4% on the year mostly due to lower commodity prices and lower volumes at Zinc India in line with mine plans.
Auto Trader (AUTO), up 4.16% to 401.7p, said its revenues rose 11% to £153.9m in H1, with underlying operating profit up 23% to £102.3m. Halfords (HFD), down 3.61% to 331.3p, reports strong sales growth and strategic progress in the 26 weeks to the end of September. Group sales of £567.3m were up 6.3%.
Mercia Technologies (MERC), up 3.74% to 48.5p, has swung to an H1 pretax profit of £1.13m, from a loss of £0.75m. It enjoyed a £2.8m uptick in the fair value of investments, from a gain of £0.2m a year ago.
Next Fifteen Communications (NFC), up 2.86% to 324p, announces the acquisition of an 85% stake in HPI Research Ltd, a market research agency based in London, through its data and insights subsidiary, Morar Consulting Ltd ( Morar ).
Meggitt Plc (MGGT), up 2.68% to 460.85p, said that Meggitt Training Systems has announced two contract awards from the UK Ministry of Defence (MoD) worth about $20m in total.
Johnston Press (JPR), up 2.7% to 14.25p, remains focused on cutting costs to mitigate revenue fall and the impact of sterling weakness on paper prices. Assuming no further worsening in trading conditions, directors expected performance to continue in-line with forecasts.
Other stocks in the news included Bovis Homes (BVS), UBM (UBM), Young & Co’s Brewery (YNGA), Groupe Eurotunnel (GET), Akers Biosciences (AKR), Derwent London (DLN) and Condor Gold (CNR).
Story provided by StockMarketWire.com
