Investment Trust Insider on HICL Infrastructure

James Carthew: HICL paid high price for Affinity

This week’s column was written before the announcement of HICL leading a consortium to buy the HS1 high-speed rail line between London and the Channel Tunnel.

My focus this week is on HICL Infrastructure (HICL), a stock that I hold. Briefly, around the beginning of July, its share price premium to net asset value (NAV) dipped to about 6%, a level that we haven’t really seen since 2013. It has already started to recover again.

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