MARKET TALK: 3i Well Placed To Make Investments - JPMorgan

7th Jul 2010 09:33

0833 GMT [Dow Jones] 3i Group (III.LN) is well placed to make interesting new investments, says JPMorgan Cazenove analyst Christopher Brown following the firm's statement for its first fiscal quarter. In addition to the "good pipeline of investment opportunities" Brown also said that 3i may also take advantage of the high prices being paid for buyouts by other private equity firms and sell-off some of its assets. Shares are trading at a 23% discount to JPMorgan Cazenove's current estimate for NAV in September and says there is still "plenty of potential value to be unlocked from 3i's portfolio." Keeps stock at overweight. Shares down 1% at 261p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 07, 2010 04:33 ET (08:33 GMT)