Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

John Laing Group (JLG) has an established and impressive track record of growth and is well paced to benefit from the strong market that exists for global infrastructure and renewable energy investment. We believe it can deliver a CAGR of 11.1% in NAV per share and 5.2% in DPS in 2016-21e. The combination of NAV per share and DPS growth should continue to provide attractive returns for shareholders and further close the valuation gap to its peers.

John Laing Group (JLG) has an established and impressive track record of growth and is well paced to benefit from the strong market that exists for global infrastructure and renewable energy investment. We believe it can deliver a CAGR of 11.1% in NAV per share and 5.2% in DPS in 2016-21e. The combination of NAV per share and DPS growth should continue to provide attractive returns for shareholders and further close the valuation gap to its peers.

John Laing Group&#8217;s (JLG) pre-close update did not contain any significant surprises. Investment commitments and realisations are on track to meet FY17 targets, and the outlook for both the primary and secondary investment markets remains strong. We maintain our expectation of continued strong growth in the NAV in FY17 (to 310p &#8211; revised from 308p previously) and see upside for the shares based on our estimates.

John Laing Group&#8217;s (JLG) pre-close update did not contain any significant surprises. Investment commitments and realisations are on track to meet FY17 targets, and the outlook for both the primary and secondary investment markets remains strong. We maintain our expectation of continued strong growth in the NAV in FY17 (to 310p &#8211; revised from 308p previously) and see upside for the shares based on our estimates. 

John Laing Group (JLG) extended its track record of growth with increases in NAV and DPS in FY16. The outlook for infrastructure investment remains strong and JLG is well on track to meet its target of c &#163;200m of realisations in FY17. Despite share price appreciation over the last year, we believe the valuation remains modest for a company with strong growth prospects.

John Laing Group (JLG) extended its track record of growth with increases in NAV and DPS in FY16. The outlook for infrastructure investment remains strong and JLG is well on track to meet its target of c &#163;200m of realisations in FY17. Despite share price appreciation over the last year, we believe the valuation remains modest for a company with strong growth prospects. 

John Laing Group&rsquo;s (JLG) pre-close trading update confirms that the market for both infrastructure investment and project realisations remains strong. We continue to forecast 13% NAV growth in FY16, to 275p, and expect that over time the valuation gap with other infrastructure investment companies will close.

John Laing Group&rsquo;s (JLG) pre-close trading update confirms that the market for both infrastructure investment and project realisations remains strong. We continue to forecast 13% NAV growth in FY16, to 275p, and expect that over time the valuation gap with other infrastructure investment companies will close.

United Kingdom

John Laing Group plc originates and invests in public sector infrastructure projects. The Company manages major transportation, social and environmental infrastructure, and renewable energy projects, as well as provides investment advisory and asset management services. John Laing Group serves customers worldwide.

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John Laing (JLG LN)

Positive outlook for growth

John Laing Group (JLG) has an established and impressive track record of growth and is well paced to benefit from the strong market that exists for...

Edison Investment Research

Further NAV growth expected

John Laing Group’s (JLG) pre-close update did not contain any significant surprises. Investment commitments and realisations are on track to meet...

Edison Investment Research

Another year of growth

John Laing Group (JLG) extended its track record of growth with increases in NAV and DPS in FY16. The outlook for infrastructure investment remains...

Edison Investment Research

Strong investment disposals performance

John Laing Group’s (JLG) pre-close trading update confirms that the market for both infrastructure investment and project realisations remains...

Edison Investment Research

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