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SEQI - Sequoia Infrastructure fund

Stocks and Shares ISA , Choosing funds for ISA's, risk factors for funds etc
Investment strategy discussions not dealt with elsewhere.
richfool
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Re: SEQI - Sequoia Infrastructure fund

#347909

Postby richfool » October 15th, 2020, 9:52 am

The Directors of the Company have declared that an interim dividend of 1.5625p per share will be payable to holders of Ordinary Shares as follows in respect of the three-month period ended 30 September 2020:

Ex-Dividend Date: 22 October 2020
Record Date: 23 October 2020
Payment/Allotment Date: 27 November 2020
Dividend per Ordinary Share:
1.5625 pence per share


https://www.investegate.co.uk/sequoia-e ... 00031229C/

richfool
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Re: SEQI - Sequoia Infrastructure fund

#363663

Postby richfool » December 7th, 2020, 10:55 am

SEQI 2021/21 INTERIM RESULTS
DIVERSE AND CASH-GENERATIVE PORTFOLIO
SEQI, the specialist investor in economic infrastructure debt, announces its results for the period ended 30 September 2020.

HIGHLIGHTS
Solid progress despite challenging environment
Share price return of 14.4% in the period
Diversified portfolio of 74 investments made across 8 sectors, 28 sub-sectors and 12 mature jurisdictions
>93% of investments in private debt
>63% floating rate investments, enabling the Company to benefit from future rate rises
>Short weighted average life of 5.6 years creating re-investment opportunities>
>Weighted average equity cushion of 34%
Annualised portfolio yield-to-maturity of 10.2% as at 30 September 2020
Continued low ongoing charges ratio of 0.89%, down from 0.96% in the year ended 31 March 2020 (calculated in accordance with Association of Investment Companies ("AIC") guidance)
Dividends of 3.125p per Share paid in the period (30 September 2019: 3.0625p per Share). Target for 2020/21 year remains at 6.25p
ESG score of the portfolio is on a long-term and sustainable upward trend

https://www.investegate.co.uk/sequoia-e ... 00076696H/

Parky
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Re: SEQI - Sequoia Infrastructure fund

#363913

Postby Parky » December 8th, 2020, 8:18 am

richfool wrote:SEQI 2021/21 INTERIM RESULTS
DIVERSE AND CASH-GENERATIVE PORTFOLIO
SEQI, the specialist investor in economic infrastructure debt, announces its results for the period ended 30 September 2020.

HIGHLIGHTS
Solid progress despite challenging environment
Share price return of 14.4% in the period
Diversified portfolio of 74 investments made across 8 sectors, 28 sub-sectors and 12 mature jurisdictions
>93% of investments in private debt
>63% floating rate investments, enabling the Company to benefit from future rate rises
>Short weighted average life of 5.6 years creating re-investment opportunities>
>Weighted average equity cushion of 34%
Annualised portfolio yield-to-maturity of 10.2% as at 30 September 2020
Continued low ongoing charges ratio of 0.89%, down from 0.96% in the year ended 31 March 2020 (calculated in accordance with Association of Investment Companies ("AIC") guidance)
Dividends of 3.125p per Share paid in the period (30 September 2019: 3.0625p per Share). Target for 2020/21 year remains at 6.25p
ESG score of the portfolio is on a long-term and sustainable upward trend

https://www.investegate.co.uk/sequoia-e ... 00076696H/


Looks like a non-event, which is good. I have started investing in SEQI to obtain a steady reliable stream of income, and not expecting much, if anything, in capital appreciation. The funds came from cashed in NS&I Premium Bonds by the way, so the average income should increase by a factor of 6!

richfool
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Re: SEQI - Sequoia Infrastructure fund

#425138

Postby richfool » July 6th, 2021, 8:16 am

SEQUOIA ECONOMIC INFRASTRUCTURE INCOME FUND LIMITED

(the "Company" or "SEQI")
2021 FINAL RESULTS
HIGHLIGHTS FOR THE YEAR ENDED 31 MARCH 2021



· NAV total return of 13.5% in the year2

· Diversified portfolio of 72 investments across 8 sectors, 31 sub-sectors and 12 mature jurisdictions

- 93% of investments in private debt

- 57% floating rate investments, capturing short-term rate rises

- Short weighted average life of 4.5 years creating reinvestment opportunities

- Weighted average equity cushion of 35%

· Capital raise of £110 million completed during the year

· ESG score of the portfolio is on a long-term and sustainable upward trend

· Share price total return of 17.4% in the year2

· Annualised portfolio yield-to-maturity2 of 9.0% as at 31 March 2021

· Ongoing charges ratio of 0.87%, down from 0.96% in the prior year (calculated in accordance with AIC guidance)2

· Dividends totalling 6.25p per Ordinary Share paid during the year, in line with increased annual target dividend announced in May


DIVIDEND POLICY

In the absence of any significant restricting factors, the Board expects to pay dividends totalling 6.25p per Ordinary Share per annum (increased from 6p per Ordinary Share with effect from the quarter ended 30 June 2019) for the foreseeable future. The Company pays dividends on a quarterly basis.
NAV AND SHARE PRICE PERFORMANCE

Over the financial year, the Company's NAV per Ordinary Share 1 increased from 96.69p to 103.18p, after paying dividends of 6.25p, producing a total NAV return1 of 13.5%, materially in excess of the Company's target return. In large part, this strong performance was the result of credit spreads returning to normalised levels following the sharp deterioration in the financial markets at the end of the previous financial year.

The Company's share price also increased over the year, from 94.0p to 104.2p, a gain of 10.9% and a total share price return1 of 17.4% once dividends are taken into account. This reflects both the underlying NAV performance and the recovery in the Company's premium, which improved from a discount 1 of 2.8% at the beginning of the year, to a premium1 of 1.0% at the end of the year.

DIVIDEND

Pleasingly, despite all the disruption caused by COVID-19, we achieved our target of paying a fully cash-covered dividend of 6.25p per Ordinary Share. We are maintaining the dividend target for the 2021/22 financial year and believe that this will provide scope for our cash cover ratio to strengthen somewhat over the course of the year.


https://www.investegate.co.uk/sequoia-e ... 00082440E/

richfool
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Re: SEQI - Sequoia Infrastructure fund

#460110

Postby richfool » November 22nd, 2021, 2:01 pm

Note the reference to SEQI as Bulb's largest creditor.
Soaring energy prices claimed another UK supplier on Monday, as Bulb Energy collapsed into administration.

The supplier, which caters to 1.7 million customers is Britain's seventh biggest energy supplier.

It had been engaged in eleventh-hour talks with the government, as well as its largest creditor the Sequoia Economic Infrastructure Income Fund.

https://uk.finance.yahoo.com/news/bulb- ... 42401.html

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Re: SEQI - Sequoia Infrastructure fund

#460149

Postby monabri » November 22nd, 2021, 6:00 pm

https://www.investegate.co.uk/sequoia-e ... 25111608T/

"SEQI would like to note that its Investment Adviser remains actively engaged with all the relevant Bulb stakeholders. As previously noted, SEQI's loan to Bulb is £55.0 million (approximately 2.9% of NAV as at 31 October 2021) and is guaranteed by Simple."

"The loan is senior ranking debt, secured on all the assets of Bulb and Simple. As of today, the value of Bulb's and Simple's assets are in excess of the amount of the loan. However, one consequence of Special Administration is that, whilst it is continuing, secured lenders to Bulb are unable to enforce their security. The substantial assets of Simple are outside the Special Administration process and are also collateral for the Company's loan."

Being "senior debt " it will be secured by collateral of some form.


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