I have no desire to buy either stock, but don’t worry about new shares at 3i Infrastructure or more buybacks at Shell
By Chris Bailey | Monday 6 February 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
At the end of September last year, about the time when a 4,000-word comedy essay writer in yesterday’s Sunday press was the country’s PM, I wrote that for any investors who were too scared to invest in most shares, then “you can do a lot worse than 3i Infrastructure (3IN)” HERE. These shares, like a bunch of other FTSE 350 names, are up since then but today I notice that its board “is pleased to announce a proposed placing of ordinary shares in the capital of the Company conducted under the existing non-pre-emptive authorities granted by shareholders at the Company's annual general meeting”. How exciting (not). And what about all those share buybacks that have been happening elsewhere in FTSE 350 names?
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.