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GCP Gcp Infrastructure Investments Limited

72.60
0.00 (0.00%)
Last Updated: 14:20:59
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gcp Infrastructure Investments Limited LSE:GCP London Ordinary Share JE00B6173J15 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 72.60 72.20 73.00 72.80 71.50 72.80 1,214,117 14:20:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 51.71M 30.91M 0.0355 20.45 632.51M
Gcp Infrastructure Investments Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker GCP. The last closing price for Gcp Infrastructure Inves... was 72.60p. Over the last year, Gcp Infrastructure Inves... shares have traded in a share price range of 59.50p to 93.50p.

Gcp Infrastructure Inves... currently has 871,232,650 shares in issue. The market capitalisation of Gcp Infrastructure Inves... is £632.51 million. Gcp Infrastructure Inves... has a price to earnings ratio (PE ratio) of 20.45.

Gcp Infrastructure Inves... Share Discussion Threads

Showing 51 to 75 of 925 messages
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DateSubjectAuthorDiscuss
10/4/2016
13:43
An EGM has been called for 14 April and it looks as though the main business is to be the creation of 175 million new shares ... the implication being that there is to be a placement.

Does anyone know what this is actually about and what its implications are?

I've seen comments (but I may be mistaken) that PIs needn't apply ... implying that its to be a private placement ... but its significant at 1:3 or 1:4 so unless the pricing is handled well there could be quite a dilution effect.

Of course if the funds are destined for good projects it could easily be a sign of growth ...

So what's the inside track on this one?

Mike

mikeindevon
30/6/2015
10:35
Is the dividend likely to grow here at all? I note from the initial Prospectus (2010) that the target was a yield of 8% on the placing price of 100p. That would be 8p. Current dividend is 7.6p.
stemis
15/5/2015
11:37
Added for the dividend yield at £1.13 was not expecting a 5p rise in a week.
One of my better buys!

ken298
14/5/2015
10:33
I daresay the death, and presumably previous illness, of a founder-Director Trevor Hunt, reported on 6th May, will have affected recent share-price performance. I am adding today.
asmodeus
13/5/2015
16:01
It will be interesting to see what they invest the £14 million in - may add if in 8%+ range.
ken298
13/5/2015
15:17
Thanks jonwig. I have a small holding and I've been wondering whether to increase it given the drop in price and also the fact it looks like interest rates will remain rock bottom for some time. Makes investments such as these seem an attractive long term bet.
winsome147
13/5/2015
14:06
winsome

- new investments - yes, onshore wind is unloved, large-scale solar less in need of subsidy. Small-scale solar might follow - reduced incentive to fit panels;

- existing contract terms: as solid as you could want. Future ones might be tighter. See also post #37.

jonwig
13/5/2015
14:00
What are the implication of Tories getting back in again? They are anti-renewables and want to cut subsidies. I assume this may inhibit further investment in new projects but is there any threat to current and ongoing commitments by the govt which ultimately fund the interest payments on GCP's loans and investments?
winsome147
27/3/2015
19:11
There's a fair amount of diversification, but projects seem to be smaller, and are paying interest to GCP of 8 - 11%.

I'm rather concerned that an infrastructure project should need to borrow at these rates, especially when interest is funded from FITs. It suggests to me that the FIT regime is too generous. (It's been changed for large projects, I don't know about smaller ones.)

Sold a while ago.

jonwig
27/3/2015
10:05
I would hope to see more diversification over coming deals for sure.
madengland
25/3/2015
22:37
Is the drop today due to concern in how their model is skewed towards one customer "A Shade Greener" and rooftop solar.

Anyone have concerns?

cyfran101
06/3/2015
11:47
Nice to see this rising
madengland
19/12/2014
12:09
FY results to 30 Sept:



Dividends of 7.6p paid, and target is 8p for next year.
NAV is 104.53p/sh, so we're at a 16% premium, which looks to be in line with other big infra funds.

The suggest they might adopt up to 20% "structural gearing". I think that's because they expect a lot of new PF projects to be available next year (after the election).
Gearing should increase the net assets per share and dividend, of course, but also reduce the premium. But their debt assets appear to be earning fixed rates, so I'd expect their own debt to be fixed, not LIBOR + x.

jonwig
04/12/2014
11:57
Thanks for links - you've looked into this more deeply than me.
Would promotion be a significant re-rating? I'm looking at 3IN, HICL and JLIF which have comparable premiums to NAV.
FTSE 100 would be a different matter, but that's not to wait for.

jonwig
04/12/2014
10:30
The FTSE decision was made yesterday, based on the market caps at close on Tuesday.

According to the company, dealings in the placing shares commenced on 25th Nov, making a total of 513,848,242 shares in issue. However, I see that FTSE aren't going to recognise that until Mon, 22nd Dec, the start of the new quarter. They presumably decided there hadn't been sufficient increase in the number of shares in issue to warrant inclusion between reviews. That's strange because the FTSE Ground Rules state that changes of over 10% are included between reviews and this change was about 14%. Ah well!



Page 13:

typo56
03/12/2014
20:49
Typo - I think it's the placing, as you suggest.

Current MCap of £602m vs £578m for GMD.
At 30 Sept the MCap of GCP was about £535m. There was a placing programme in between which raised £70m or so.

It may be that the decision was made before 21 Nov, when the placing result was announced. The free float is taken into account, but that looks OK.

Next quarter perhaps?

jonwig
03/12/2014
19:45
I wonder why GCP didn't qualify for promotion to the FTSE 250 in tonight's index review. GMD got promoted instead. GCP aren't even on the reserve list. Perhaps the recent placing shares haven't been included in this review.
typo56
27/11/2014
07:32
Infrastructure investment must be treated as a wholly independent sector rather than a bolt-on for real estate or private debt investors, according to a panel of experts.

More:



There might be implications for institutional asset allocation, I don't know.
Any comments?

jonwig
01/9/2014
16:48
Received my divi payment today..
wirralowl
29/8/2014
10:34
Thanks jonwig. For some reason I'd missed this RNS in July, so was wondering if the payment was going to be pushed back to Sept. However, payout date was stated as 27 Aug, so no worries because as you rightly say, you do tend to have to wait a couple of days before the brokers pass it on.



RNS Number : 2828M

GCP Infrastructure Investments Ltd

15 July 2014

GCP Infrastructure Investments Limited

(the "Company")

Headline: Dividend Declaration and scrip dividend alternative

15 July 2014

The Board of the Company is pleased to announce a dividend of 1.9 pence per ordinary share, for the period from 1 April 2014 to 30 June 2014. The dividend will be paid on 27 August 2014 to holders of ordinary shares recorded on the register as at the close of business on 25 July 2014.

wirralowl
29/8/2014
10:25
Wirral - I have it noted as payable today. With these CI funds, payment tends to be a few days late into the account. Not to worry, I'd say!
jonwig
29/8/2014
09:43
Was expecting a dividend announcement/payout this month, but looks like its going to be September now...?
wirralowl
13/2/2014
14:00
Thanks for the heads up guys.

I posted in haste on the basis of a quick look in my dinner hour. I'll delete my original post, as don't want to lead anyone up the garden path.

wirralowl
13/2/2014
12:42
Be careful as I understand that you will be buying C Shares for £1 which will be converted at a later date into ordinary shares at an unspecified conversion rate based on relative NAV. Do not look at it as a 9p discount to existing.
rik shaw
13/2/2014
12:39
They are 'C' shares which will have an immediate NAV of 100p less a bit for admin.
Once the C shares are fully invested (or almost so) they will be converted into ords but not on a 1:1 basis.

This means that neither new nor old shareholders are diluted.

jonwig
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