John Laing portfolio grows 6% in first nine months
John Laing Infrastructure Fund has seen nearly 6% growth in its portfolio value for the year to date.
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John Laing Infrastructure Fund Ltd
142.60p
08:07 28/09/18
The FTSE 250 infrastructure investment company released a third quarter update statement on Monday.
It showed the company had a portfolio of £876.6m on 30 September, up from a rebased value of £827.1m at 31 December 2014.
Underlying growth of £49.6m (5.99%) for the year to date was ahead of expectations, and the net asset value per share at 30 September was 105.9p due to underlying growth over the period.
JLIF also noted that the company’s portfolio’ geographic diversification could increase in the medium term as activity in the UK remains relatively subdued while there are higher levels of activity in continental Europe.
Chairman Paul Lester said overall the board is pleased with the results.
"JLIF continues to maintain its pricing discipline when pursuing new investments and continues to actively seek new opportunities in the UK and overseas," he said.