Report

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 strong and JLG is well on track to meet its target of c £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.
Underlying
John Laing Group Plc

John Laing Group is engaged in the origination, investment in and management of international infrastructure projects. Co. has three key areas of activity: Primary Investment, which sources, originates, bids for and win greenfield infrastructure projects, typically as part of a consortium in the case of Public-Private Partnership projects; Secondary Investment, which owns a substantial portfolio of investments in operational infrastructure projects; and Asset Management, which manages Co.'s primary and secondary investment portfolios and provides investment advice and asset management services.

Provider
Edison Investment Research
Edison 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.

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Analysts
Graeme Moyse

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