Share Name Share Symbol Market Type Share ISIN Share Description
Gcp Asset Backed Income Fund Limited LSE:GABI London Ordinary Share JE00BYXX8B08 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 108.50p 108.00p 108.50p 108.50p 108.00p 108.50p 1,204,264 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 27.1 21.6 7.3 14.9 479

Gcp Asset Backed Income Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
06/10/2019
21:52
Thanks Rambutan - that’s really helpful. I really appreciate. Let me listen to this and will post if if materially affects my view
pyufak
06/10/2019
13:01
Pyufak, the IC personal finance podcast this week: On this week’s show, fund manager David Conlon talks about the advantages and challenges of investing for income via direct lending in the real assets universe. David also tells deputy personal finance editor Dave Baxter how his GCP Asset Backed Income fund is currently positioned and where the next investment opportunities might appear. And from the recent interims: PORTFOLIO AT A GLANCE A diversified portfolio of 40 asset backed loans with an average life of six years which are partially inflation and/or interest rate protected. The loans fall within the following sectors and are secured against assets and cash flows predominantly in the UK: Asset finance GBP24.5 million, 6% Property GBP186.4 million, 44% Energy and infrastructure GBP51.1 million, 12% Social infrastructure GBP159.2 million, 38% SENIOR RANKING SECURITY 63% WEIGHTED AVERAGE ANNUALISED YIELD(1) 8.1% INFLATION AND/OR INTEREST RATE PROTECTION 43%
rambutan2
05/10/2019
12:53
hi, just checking in and think this will be next addition. Boring but I want 33% of my portfolio in stuff like this for when tough times come around. apollocreed - investors benefit by increased liquidity as the fund grows and diversification of investments. This is an income fund rather an a NAV growth fund after all - however I agree with you - the principal driver from management's perspective is for the fund to increase AUM and so fees and to stay relevant. My bug bear is that I believe fee structures should be linked to fund size so should come lower with every fund raise to directly benefit existing shareholders. It's a long time back but chucko mentions inflation linked anyway? I can't find that in my preliminary reading
pyufak
28/5/2019
16:43
Can anyone please explain the statement that the GABI fund managers repeat every time that they instigate an equity fund-raising round, namely "to take advantage of a pipeline of attractive investment opportunities which have been identified by Gravis Capital Management Limited (the "Investment Manager"). " Now if these investment opportunities were really attractive, then by now we would have seen NAV increase by a reasonable amount. The NAV has been around 100.5-102 for 3 years. I don't see the benefit to current shareholders for the management to charge and incur fees in order for them to find us other investments that will return us about 5.8% p.a. In other words, we are currently receiving 5.8%pa and the expanded shareholder base/new shares will also yield 5.8%pa. So what's the point? As shareholders we are no better off, but it probably benefits the management who can charge more fees on a larger figure of Assets Under Management.
apollocreed1
13/4/2019
22:12
The more boring, the better on this one. In fact, a whole 108.5p of boredom.
chucko1
13/4/2019
20:41
Very boring, but has delivered on its promises and avoided any of the "incidents and accidents" which so many of the alternative income funds have had. htTps://www.graviscapital.com/funds/gcp-asset-backed/literature hTtps://www.graviscapital.com/uploads/regulatory-documents/GCP-Asset-Backed-Ord-KID-31-December-2018.pdf
rambutan2
08/3/2019
18:10
I will take a look chunky
elcapital2018
08/3/2019
18:09
Is there anybody out there? I like this - diversification and stability. So long as IR stays low this will just keep plugging away. Mainly inflation-linked in any event.
chucko1
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