Update from QuotedData

Pantheon Infrastructure PLC

12 September 2023

 

Pantheon Infrastructure - Update from QuotedData

12^th September 2023

Travelling in the right direction

Pantheon Infrastructure (PINT) is less than two years old and is still adding to its portfolio. The most recent commitment is to Zenobe, a battery storage and electric vehicle fleet specialist. This was in conjunction with Infracapital - see page 5. This follows an investment in GlobalConnect (a pan-Nordic data centre and fibre business), which offers the potential to participate in the growth of demand for data across Northern Europe. It also comes with a well-regarded sponsor in EQT - see page 6.

PINT's NAV is moving in the right direction and is underpinned by some fairly conservative assumptions, including a 13.7% weighted average discount rate. This is applied to PINT's forecast cash flows to calculate the net asset value (NAV). Dividends are on track. In fact, you could say that everything is going in the right direction. The one exception is PINT's share price, which, instead of reflecting the NAV growth, has moved to trade on a double-digit discount to NAV. This seems unjustified to us, but we recognise that double-digit discounts are now commonplace for these types of funds. This could represent a good buying opportunity for a long-term investor.

Full Research:

https://quoteddata.com/research/pantheon-infrastructure-travelling-direction-qd/

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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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