RCS - Pantheon Infrastrct. - Update from QuotedData

Pantheon InfrastructureAnnouncement

11/11/2024 16:15

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RNS Number : 7672L  Pantheon Infrastructure PLC  11 November 2024

Pantheon Infrastructure - Update from QuotedData

11(th) November 2024

Powering up

Over the past year, as its portfolio continues to mature, Pantheon
Infrastructure (PINT) has risen towards the top-end of peer
group performance tables as Figure 11 on page 12 shows. Over the first six
months of 2024, PINT reported a NAV
(https://quoteddata.com/glossary/net-asset-value-per-share-nav-per-share/)
 return of 8.5%, running well ahead of its target of 8%-10% per annum.

In PINT's recent results, the stand-out winner within the portfolio was the US
power generation business Calpine. This note delves into the Calpine story in
more detail and sets out why we feel it could still have much further to go.

The discount (https://quoteddata.com/glossary/discount-to-nav/)  has started
to narrow, suggesting that investors are finally waking up to PINT's
potential, but it remains much wider than those of worse-performing peers. In
addition to decent NAV returns, shareholders should be encouraged by
PINT's income growth (it is targeting a full-year dividend
(https://quoteddata.com/glossary/dividend/)  of 4.2p, up 5% on the previous
year).

Given the success that it has had to date, we share the manager's frustration
that it is having to pass on attractive opportunities for the portfolio. The
sooner the discount is eliminated, the better.

Full Research:

https://quoteddata.com/research/pantheon-infrastructure-powering-up-qd/
(https://quoteddata.com/research/pantheon-infrastructure-powering-up-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
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NB: Marten & Co was paid to produce this note on Pantheon Infrastructure
Plc, and it is for information purposes only. It is not intended to encourage
the reader to deal in the security or securities mentioned in this report.
Please read the important information at the back of this note. QuotedData is
a trading name of Marten & Co Limited which is authorised and regulated by
the Financial Conduct Authority. Marten & Co is not permitted to provide
investment advice to individual investors categorised as Retail Clients under
the rules of the Financial Conduct Authority.

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