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?
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