3i Group (III)

Sector:

Financials

Index:

FTSE 100

1,121.00p
   
  • Change Today:
    -5.50p
  • 52 Week High: 1,184.50
  • 52 Week Low: 810.80
  • Currency: UK Pounds
  • Shares Issued: 973.05m
  • Volume: 67,179
  • Market Cap: £10,908m
  • RiskGrade: 103

3i net asset value grows throughout \'busy quarter\'

By Iain Gilbert

Date: Wednesday 31 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Venture capitalist 3i Group saw its net asset value grow during the three months ended 30 June after both its private equity and infrastructure teams had a \"busy quarter\" in terms of origination and investment.
3i recorded an increase in NAV per share to 864p during the quarter, up from the 815p reported on 31 March, alongside a total return of 6.2% for the period.

The FTSE 100-listed outfit also recognised a net £212m gain on foreign exchange in the quarter, as both the US dollar and euro strengthened against sterling.

While 3i stated that its private equity portfolio had generated \"good returns\" during the quarter, with its Action unit having performed strongly since the end of 2018 and trading ahead of its budget for the first six months of 2019, the group warned that it continued to see \"challenging macro-economic headwinds\" in Europe and in China, specifically in the automotive sector.

Chief executive Simon Borrows said: \"This was another good quarter for 3i. Our private equity portfolio performed well with Action again generating good growth, as well as 3iN delivering another strong share price performance.

\"Our balance sheet is well-funded but we remain cautious about the pricing of private investments in the current environment and have continued to focus on platform and bolt-on acquisitions.\"

As of 0820 BST, 3i shares had dipped 0.044% to 1,134.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

3i Market Data

Currency UK Pounds
Share Price 1,121.00p
Change Today -5.50p
% Change -0.49 %
52 Week High 1,184.50
52 Week Low 810.80
Volume 67,179
Shares Issued 973.05m
Market Cap £10,908m
RiskGrade 103

3i Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.51% above the market average70.51% above the market average70.51% above the market average70.51% above the market average70.51% above the market average
53.73% above the sector average53.73% above the sector average53.73% above the sector average53.73% above the sector average53.73% above the sector average
Price Trend
48.30% above the market average48.30% above the market average48.30% above the market average48.30% above the market average48.30% above the market average
57.53% above the sector average57.53% above the sector average57.53% above the sector average57.53% above the sector average57.53% above the sector average
Income
58.27% above the market average58.27% above the market average58.27% above the market average58.27% above the market average58.27% above the market average
20.99% above the sector average20.99% above the sector average20.99% above the sector average20.99% above the sector average20.99% above the sector average
Growth
1.82% above the market average1.82% above the market average1.82% above the market average1.82% above the market average1.82% above the market average
22.31% below the sector average22.31% below the sector average22.31% below the sector average22.31% below the sector average22.31% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

3i Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-19 13-Jun-19
Paid 08-Jan-20 19-Jul-19
Amount 17.50p 20.00p

Trades for 20-Jan-2020

Time Volume / Share Price
10:11 480 @ 1,121.50p
10:11 367 @ 1,121.00p
10:07 574 @ 1,121.00p
10:05 396 @ 1,121.50p
10:04 268 @ 1,121.25p

3i Key Personnel

CEO Simon Borrows
Chair Simon R Thompson

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