Infrastructure India has provided an encouraging update today on expected year-end NAV, the ramp-up of business in the all-important DLI container transport and logistics business and the steady state of the other assets. Management’s expectation that the NAV has resumed upward progress to about 55p as at 31 March (our estimate was 47p), after the difficulties of recent times, suggest strongly that the implied 74% discount to NAV should start to narrow.
15 Jun 2015
NAV resumes progress, discount looks too high
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NAV resumes progress, discount looks too high
Infrastructure India plc (IIP:LON) | 0 0 0.0% | Mkt Cap: 6.82m
- Published:
15 Jun 2015 -
Author:
Trevor Griffiths -
Pages:
3
Infrastructure India has provided an encouraging update today on expected year-end NAV, the ramp-up of business in the all-important DLI container transport and logistics business and the steady state of the other assets. Management’s expectation that the NAV has resumed upward progress to about 55p as at 31 March (our estimate was 47p), after the difficulties of recent times, suggest strongly that the implied 74% discount to NAV should start to narrow.