Edison Investment Research Limited: Edison issues outlook on John Laing Group (JLG)
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Edison Investment Research Limited London, UK, 10 September 2018 Edison issues outlook on John Laing Group (JLG) Continuity of strategy and personnel has enabled John Laing Group (JLG) to capitalise on the opportunities in the international market for infrastructure investment and establish an impressive track record of growth. With the demand for infrastructure projects remaining strong, we believe JLG is well placed financially, operationally and competitively to deliver attractive returns to shareholders. After the recent strong performance, JLG's shares trade at a small premium (c 2%) to the H118 NAV per share of 307p. The share price is now broadly in line with our revised FY18 forecast NAV per share of 318p. However, despite its recent strong run, JLG stands at a discount to peer group averages (c 8% premium). At a 8% premium to H118 NAV per share of 307p, JLG would be worth c 332p/share. Given the undemanding relative rating, proven track record of growth and the prospect of continuing increases in the NAV per share and DPS, we believe JLG offers the potential for attractive returns for investors. All reports published by Edison are available to download free of charge from its website About Edison: 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, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. For more information please contact Edison: Graeme Moyse, +44 (0)20 3077 5700 Learn more at www.edisongroup.com and connect with Edison on:
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