Gcp Infrastructure Inves... Dividends - GCP

Gcp Infrastructure Inves... Dividends - GCP

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Gcp Infrastructure Investments Limited GCP London Ordinary Share JE00B6173J15 ORD 1P
  Price Change Price Change % Stock Price Last Trade
-0.40 -0.36% 110.20 16:35:14
Open Price Low Price High Price Close Price Previous Close
111.20 108.60 111.20 110.20 110.60
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Industry Sector

Gcp Infrastructure Inves... GCP Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

speedsgh: Investment Adviser strategic partnership - HTTPS://www.investegate.co.uk/gcp-infra-inv-ltd--gcp-/rns/investment-adviser-strategic-partnership/202012040700024760H/ GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, notes the press release this morning by its Investment Advisor, Gravis Capital Management Limited ("Gravis"), that Gravis has entered into a strategic partnership with ORIX Corporation ("ORIX") whereby ORIX will acquire a 70% equity stake in the Gravis business*. ORIX is a diversified financial services group. Its asset management operation has grown significantly over recent years and the partnership with Gravis will allow it to expand into the UK infrastructure, debt, renewable energy and property sectors. The board of the Company has been in active discussions with both ORIX and Gravis in relation to this transaction. It is reassured that there will be no changes to the team currently providing services to the Company and that service levels will be uninterrupted by the transaction. It sees as a positive that Gravis will remain independently-managed and will operate under its current brand whilst ORIX's global presence will, over the longer term, provide Gravis's management team with additional experience, expertise and access in areas such as asset sourcing, financing and potential new investors. * The transaction is subject to regulatory approvals and customary conditions to closing.
speedsgh: Some impressive intra-day volatility for sleepy old GCP although this does not seem to be confined purely to this stock. Covering of positions in case of possible Brexit announcement over the weekend?
williamcooper104: This is concerningWhen I first invested in GCP I called it my mezzanine return gilt stock - in that the risk on PFI sub-debt was minimal/gov backed and the yields were double/high single digit (indeed i got the rating agencies to rate a load of these type of loans as AAA) Renewable debt where it's lent against the ROCs is like PFI sub-debt extremely high quality Where you are taking electricity price risk it's clearly much riskier Will review my holding - it's been, for the risk, a fantastic ride so far - but think I prefer HICL/BBGI (even if HICL is now c70 percent PFI)
speedsgh: Net Asset Value(s) - HTTPS://data.fca.org.uk/artefacts/NSM/RNS/3749829.html GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, announces that as at close of business on 30 September 2020, the unaudited net asset value per Ordinary Share of the Company was 103.99 pence, a decrease of 3.5% on the net asset value per Ordinary Share of 107.73 pence at the end of the previous quarter... ...A number of the Company's investments rely on projected future UK electricity market prices for a proportion of their revenues. Changes in electricity prices may therefore impact on a borrower's ability to service debt or, in cases where the Company has stepped into projects and/or has direct exposure through its investment structure, impact on overall returns. The Company uses a trailing average methodology to calculate power price forecasts, which are based on the last four quarterly power price forecasts provided by its power price consultant. During the quarter ended 30 September 2020, the calculated electricity price forecasts declined on average by a further c.4%, and have declined by more than 15% in total over the twelve months to that date. The impact of changes in electricity forecasts has reduced the Company's net asset value per Ordinary Share at 30 September 2020 by c.2.3 pence. In addition, lower actual and forecast inflation and reduced wind yields on operating wind assets have reduced the Company's net asset value per Ordinary share by a further c.0.9 pence. The overall impact of the above on the valuation of the Company's portfolio, when aggregated with other movements, has resulted in a decrease in its net asset value per Ordinary Share of 3.74 pence over the quarter to 30 September 2020.
panshanger1: 7p (rebased ) dividend still equals 6% yield Looks much better bet than most equity income funds ATMWill look to add
rambutan2: Also this note: hTtps://quoteddata.com/research/gcp-infrastructure-rebased-dividend-2/
speedsgh: Don't think there's been any mention of the cut in the dividend target here so just in case anyone wasn't aware... From the interims on 29/5 - HTTPS://www.investegate.co.uk/gcp-infra-inv-ltd--gcp-/rns/half-yearly-report-and-financial-statements-2020/202005290700072950O/ It is central to the Company's investment objective to deliver 'regular, long-term and sustained' dividends to shareholders. In each of the past seven financial years the Company has paid annual dividends of 7.6 pence per share. In light of the factors identified above, and following an extensive review of the sustainability of the Company's dividend, the Directors have determined that it will target2 an annual dividend of 7.0 pence per share with effect from the next financial year commencing on 1 October 2020. In determining this target dividend2, the Directors intend to reflect what they consider to be a sustainable level of dividend distributions, based principally on the forecast interest income accrued by the Company under normal operating conditions. For the avoidance of doubt, it is the Directors current expectation that the Company will pay dividends of 1.9 pence per ordinary share in respect of each of the quarters ended 30 June and 30 September 2020. Further detail of the rationale for the Company's annual dividend target2 can be found below... GCP dividend cut is another lesson for income investors - HTTPS://citywire.co.uk/investment-trust-insider/news/gcp-dividend-cut-is-another-lesson-for-income-investors/a1364997
rik shaw: Dividend declaration hTtps://www.investegate.co.uk/gcp-infra-inv-ltd/gcp/dividend-declaration---scrip-dividend-alternative/202004241116468106K/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=GCP%20Infra%20Inv%20Ltd%20Alert
speedsgh: Covid-19 update - HTTPS://www.investegate.co.uk/gcp-infra-inv-ltd--gcp-/rns/covid-19-update/202003200700068932G/ GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, seeks to provide investors with exposure to a diversified portfolio of UK infrastructure projects, which are by their nature long-term investments. The Directors and the Company's Investment Adviser, Gravis, believe such investments are well placed to weather the uncertainty driven by Covid-19 over the long term. Substantially all of the Company's investments are availability-based infrastructure assets and therefore are not currently expected to be materially impacted by the reduced demand for goods and services that is occurring as a result of restrictions on the movement of people. Any potential impact is likely to be limited to: (i) short-term reductions in asset performance which may result from the reduced availability of personnel responsible for operating, managing or maintaining assets, or spare parts; and (ii) the impact of any short-term reductions to electricity prices. The Investment Adviser does not currently consider these to be material risks to the Company's ability to continue to meet its key long-term objective of providing shareholders with regular, sustained, long-term dividends and the preservation of capital over the long term. At the date of this announcement the Company's investments continue to perform in-line with the Investment Adviser's expectations. A further announcement will be made in due course, if appropriate.
rik shaw: A long research note commissioned by the company, may be of interest: HTTPS://quoteddata.com/research/gcp-infrastructure-stable-income-uncertain-times-2/
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