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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gcp Asset Backed Income Fund Limited | GABI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 77.25 | 09:34:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 77.25 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 06/11/2024 | Interim | GBP | 0.015813 | 14/11/2024 | 15/11/2024 | 29/11/2024 |
| 30/07/2024 | Interim | GBP | 0.015813 | 08/08/2024 | 09/08/2024 | 09/09/2024 |
| 25/04/2024 | Interim | GBP | 0.015813 | 02/05/2024 | 03/05/2024 | 04/06/2024 |
| 08/02/2024 | Interim | GBP | 0.015813 | 15/02/2024 | 16/02/2024 | 15/03/2024 |
| 08/11/2023 | Interim | GBP | 0.015813 | 16/11/2023 | 17/11/2023 | 15/12/2023 |
| 20/07/2023 | Interim | GBP | 0.015813 | 27/07/2023 | 28/07/2023 | 25/08/2023 |
| 03/05/2023 | Interim | GBP | 0.015813 | 11/05/2023 | 12/05/2023 | 12/06/2023 |
| 26/01/2023 | Interim | GBP | 0.015813 | 02/02/2023 | 03/02/2023 | 03/03/2023 |
| 02/11/2022 | Interim | GBP | 0.015813 | 10/11/2022 | 11/11/2022 | 09/12/2022 |
| 22/07/2022 | Interim | GBP | 0.015813 | 04/08/2022 | 05/08/2022 | 02/09/2022 |
| 29/04/2022 | Interim | GBP | 0.015813 | 12/05/2022 | 13/05/2022 | 14/06/2022 |
| 27/01/2022 | Interim | GBP | 0.01575 | 03/02/2022 | 04/02/2022 | 04/03/2022 |
| 03/11/2021 | Interim | GBP | 0.01575 | 11/11/2021 | 12/11/2021 | 10/12/2021 |
| 22/07/2021 | Interim | GBP | 0.01575 | 29/07/2021 | 30/07/2021 | 27/08/2021 |
| 29/04/2021 | Interim | GBP | 0.01575 | 13/05/2021 | 14/05/2021 | 14/06/2021 |
| 26/01/2021 | Interim | GBP | 0.01575 | 04/02/2021 | 05/02/2021 | 05/03/2021 |
| 26/11/2020 | Special | GBP | 0.0025 | 03/12/2020 | 04/12/2020 | 29/12/2020 |
| 19/10/2020 | Interim | GBP | 0.0155 | 29/10/2020 | 30/10/2020 | 27/11/2020 |
| 23/07/2020 | Interim | GBP | 0.0155 | 30/07/2020 | 31/07/2020 | 28/08/2020 |
| 29/04/2020 | Interim | GBP | 0.0155 | 07/05/2020 | 11/05/2020 | 09/06/2020 |
| 11/06/2019 | Interim | GBP | 0.0155 | 30/01/2020 | 31/01/2020 | 28/02/2020 |
| Top Posts |
|---|
Posted at 02/12/2024 13:39 by speedsgh Has the latest dividend been paid out on number of shares held prior to or after the most recent partial redemption? |
Posted at 14/11/2024 20:15 by papy02 I think the "neutral" ex price for the rump that is implied by the current 81.4p mid (after both the 1.58125p divi and the tender for 18.95% at 89.33875p) is approx 78p.Obviously it will vary from that as/if and when the market re-assesses the value, risk etc in realising the rump. Personally I am hoping against hope that they manage to squeeze additional loan-realisations into this capital return, and announce that in the morning). Atm we have £45m paid 29 Nov, vs Gravis plan of £82m paid 30 Sept. (It's a mystery to me why they published an aggressive plan that they look set to under-achieve). |
Posted at 14/11/2024 08:10 by jam62 GABI xd today. I believe ex of compulsory redemption tomorrow and cancellation of listing/ISIN number. New ISIN number operative from 8am Monday. |
Posted at 07/11/2024 10:49 by kenmitch Thanks Jam62.I’ve emailed the AIC Chief Executive about this nonsense with Hargreaves STILL banning their clients from buying GABI and GCP. Not holding my breath they will get involved as this nonsense has been known for ages and the AIC has even toothless so far. |
Posted at 06/11/2024 19:31 by jam62 KenmitchHargreaves appears to be the only broker on the London market to be prohibiting clients from purchasing both GABI and GCP. The FCA has new guidance with reference to KIIDS relating to PRIPPS, but Hargreaves has decided to be a law unto itself. This document issued by the FCA will make things more clear:- Unfortunately, holders of GABI will not be able to replace their redeemed shares while this ludicrous situation prevails. I would implore all who hold securities under the heading of PRIPPS to call Hargreaves and complain very vociferously. |
Posted at 06/11/2024 09:50 by speedsgh Dividend DeclarationThe Board of GABI, which invests in asset backed loans, is pleased to announce a quarterly dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.58125 pence per ordinary share (the "Q3 Dividend"). The ordinary shares will go ex-dividend on 14 November 2024 and will be paid on 13 December 2024 to holders of ordinary shares recorded on the register as at close of business on 15 November 2024. Second Compulsory Redemption The Board confirms that the Second Compulsory Redemption will total £45.0 million at a price of 89.33875 pence per share... The Second Compulsory Redemption will be effected pro rata to holdings on the share register as at the close of business on 15 November 2024 (the "Redemption Date"), being the record date for the Second Compulsory Redemption, by applying a redemption ratio which is currently anticipated to be 18.95%. (the "Redemption Ratio"). For the avoidance of doubt, shareholders will receive payment of the Q3 Dividend on their pre-redemption shareholding... In the event that the Company receives any additional loan repayments in the period between the date of this announcement and the Redemption Date, the Board may determine to increase the size of the Second Compulsory Redemption (and, accordingly, the Redemption Ratio)... Payments of redemption monies are expected to be effected either through CREST... or by cheque... by 29 November 2024. |
Posted at 06/11/2024 08:37 by 2wild Nice speedy timetable ex dividend next week and capital Returns soon afterwards |
Posted at 02/11/2024 12:16 by kenmitch It is free money hpcg which is why I wanted to buy more via Hargreaves. But Hargreaves are banning all buying presumably because GABI haven’t supplied a KID *Key Information Document). Fortunately ii are allowing trades.These tender offers are much better than buybacks because we get a genuine cash profit return whereas with buybacks we don’t and if, as is happening too often now, the share price subsequently goes down, it’s a capital loss on top of nothing returned to the investor via the buyback. |
Posted at 01/8/2024 22:42 by papy02 Hi Chucko1,Your earlier post triggered me to look at my GABI and ASLI allocations. I have also traded a few GABI into ASLI today. I’d be very interested in any comments on what motivated your switch. Following is my attempt at a rationale, (numbers based on today’s closing Offer prices). Metric ASLI GABI IRR 22% 24.5%GRY 16.1% 6.0%Disc from Proceeds -15.9% -18.0%Uplift to Proceeds 19% 22.0%Months to breakeven 14 17 For ASLI I’m using Sky’s numbers (in the VL/ASLI headers/posts), and added what I hope is a reasonable time-distribution for the returns. Starting to get twitchy about where are the realisations announcements, or vacancy rate announcements. I have a more conservative scenario where returns are delayed, which does reduce the attraction significantly. For GABI I’m using the original Realisation-Plan numbers (“base-case Overall I think both are attractive, but GABI not sufficiently compelling for me to significantly overweight it vs ASLI, given its longer expected realisation-timescal My weakness (or one of them ! ) is not having a background /familiarity with either asset class, so your point on “it’s the quality of the remaining assets” is very well taken, but I don’t trust my judgement on that. I greatly appreciate the input of others on these boards who do have that familiarity. Comments re the metrics: “You can’t eat IRR” as someone memorably stated YTM – I just used the expected total return and the final expected return date, so a bit “unfair” to GABI, which has 2 significant near term distributions expected. I added “Months to breakeven” – as maybe an additional measure of how the returns are distributed in time ? If SkinnyPope is still reading this board, I would be very interested in his ex-cash analysis of the two (or indeed, other comments). Many thanks for any thoughts! |
Posted at 09/6/2024 18:14 by jam62 Nothing complicated about this.Old GABI goes ex at 8am Tuesday morning. New GABI starts trading Tuesday morning. If you held old GABI at the close of business tomorrow, you are “cum” the compulsory redemption and receive your money on the 24th June. Upon going ex, your holding will fall to 62.5% of what you originally held and will trade as new (ISIN) GABI. |
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