IIP has achieved a decent sale of the toll road minority interest (WMP), albeit at a small discount to balance sheet valuation, and provided an encouraging operational update on the key logistics business, DLI. Under the circumstances, the WMP disposal offers some validation of the NAV approach, while of course also increasing balance sheet liquidity. In the context of movements in the Rupee exchange rate and the risk-free rate, we expect any change to NAV arising from this update to be immateri ....
08 Apr 2016
Asset disposal and DLI update
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Asset disposal and DLI update
Infrastructure India plc (IIP:LON) | 0 0 0.0% | Mkt Cap: 6.82m
- Published:
08 Apr 2016 -
Author:
Trevor Griffiths -
Pages:
3
IIP has achieved a decent sale of the toll road minority interest (WMP), albeit at a small discount to balance sheet valuation, and provided an encouraging operational update on the key logistics business, DLI. Under the circumstances, the WMP disposal offers some validation of the NAV approach, while of course also increasing balance sheet liquidity. In the context of movements in the Rupee exchange rate and the risk-free rate, we expect any change to NAV arising from this update to be immateri ....