Despite there being only 951,000 shares traded today, the company bought 475,000. I believe this to be the largest buyback/volume ratio since the company embarked on the share repurchase programme. |
Seems decent Gravis annualised loss rate is 0.41% I can live with that ,knew there was a reason I added GCP to our SIPPs and ISAs and after averaging down in profit with a 10% yield whats not to like. |
Quoted data article at the weekend
Why you should consider infrastructure debt for your investment portfolio
written by GCP adviser |
Big volume on BSIF today - as it has been the past two weeks. Increases the probability (a little) that the end is near. But you can never be too sure as an intelligent seller will play the other sider of this supposition. Except, I do not detect much intelligence in any of these sellers. |
Thanks @chucko1, fair points. Also, the day after the tip is often the time to sell - plenty will be reading their paper after work this evening :)
Another 2m went through on BSIF earlier I see, at 82p again. Hoping for fireworks once it finally clears. |
@Specto, I have merely lightened up! It is also useful to consider the part future power prices still play - or others think they play - as they are up about 4% the last month and power prices for calendar year 2026 are some 15% higher. This may have boosted some of the other renewables etc. such as the solars (apart from BSIF which has a needy seller, it would seem).
But yes, I sell some WHENEVER a tip appears. Especially AIRE. The problem is that I still like it at the current price, so I keep some. |
IMO who cares, it was going up well before the tip. It is going to test the Aug 24 high at the very least. Mind you I am loving these asymmetric advances in individual stocks when there are many in the same boat. |
Reluctantly sold the remainder I had in a/c's of others - have a rule of always selling on a tip. Good luck holders - might have kept them if wasn't so exposed to similar elsewhere (SEIT/TRIG/BSIF/NESF/FSFL/FGEN/GSF - not all the same by any means, but all same sector). |
Agree, this one has propped up my portfolio today. Also hold HICL FGEN FSFL INPP TRIG having sold out of BBGI. My ideas are that alternative energy is en vogue with HMG and these stocks will attract more money to push the price up as rates fall. |
Agreed, altho if it was the end of the renewables drive, most of those would tank together.
£2bn more to the con/fiasco that is Drax's biomass suggests we'll be fine with our subsidised renewables income. |
Buy tip in the Times for GCP always late these tipsters All the Infra trusts has been too cheap for months now ,reasons I am unsure of think its just there are very few investors buying UK stocks.
Cannot believe the income that was/is available from secure trusts NESF 13% ENRG 11% HICL 9% SUPR 8% FGEN 12% these are my buying prices income,still available now in some of them.GCP as well around 10% for secure assets whats not to like for my pension and ISA this will provide me with an excellent income into my dottage. |
 Tipped in The Times by their Tempus column:-
GCP Infrastructure Investments
Data centres are part of the government’s drive to improve Britain’s infrastructure and the sector’s specialised investment trusts offer a straightforward way of accessing a wider and thus arguably less risky spread of assets and projects. Interest has been stimulated by last week’s news that BBGI Global Infrastructure had accepted a £1 billion takeover by British Columbia Investment Management, the Canadian pension fund manager.
Colette Ord, head of real estate, infrastructure and renewable funds research at Deutsche Numis, said: “We believe the infrastructure investment trust sector can provide meaningful real returns by investing in growth areas like the transition to net zero and the digital revolution. Combined with the prospect for narrowing discounts, this means there is potential for outsized share price returns. Infrastructure investment companies currently offer some of the highest dividend yields in the wider investment trust sector.”
For income-seeking investors, GCP Infrastructure Investments is among the less risky as it buys debt rather than equity, lending money to special purpose vehicles building the assets. They appoint a contractor to run the business, then take income from rent or selling energy.
When GCP was floated on the stock market in 2010, it was largely committed to social housing but has shifted its focus towards environmental projects. There may have been too big a tilt towards wind and solar power, as its income was dented by last year’s unfriendly weather. On January 30, the trust sold two wind farms for £18.8 million in cash and tax benefits. Now it is going for decarbonisation across health, education and agriculture through methane, biomass and hydrogen, in line with government targets to remove 50 million tons of carbon a year. Nearly half GCP’s portfolio has contractual inflation protection.
The management are plainly affronted by the shares’ 30 per cent discount to net asset value, which has thrown up a 9.7 per cent dividend yield. The trust has paid dividends every year, cutting from 2020 only because of near-zero interest rates then. Deutsche Numis analysts say: “We believe sentiment is at a low ebb and ultimately the shares likely offer value.”
Advice Buy
Why A reliable beneficiary of the infrastructure drive |
Decent volume this morning |
I also topped up INPP and SHED |
SREI AEET ASLI ADIG NESF SEIT SEQI SOHO. They are the ones that I closely follow, but they have a lot of other things like this. |
spoole5 - I'd be doing the same had I been in BBGI. Distributed around assorted deeply discounted trusts because one doesn't know the next one to fall.
chucko1 - we have to thank the so-called wealth managers for transferring the wealth of their customers into the hands of ourselves. I still have some GCP from July 2022, purchased at 111p. Come September this year it will have paid 21p in dividends (tax free in an ISA) and the share price will likely be somewhere between 80p and 90p. That is still substantial real losses, but far from the end of the world. Were it a private or open ended debt vehicle I would be marking at the NAV of 105p and I would be well happy. |
What else are they selling? |
Spool, I sold (at 73p - hence 74.75p div adj. - so 2p higher than yesterday), then bought back on the move lower on the 470k sale (likely Rathbones met with GCP taking the entire trade as part of the buyback).
It is not only on GCP where the Rathbones treasures lie, but across the entire portfolio of holdings they have. I pity their impoverished clients, but I merely close my eyes as their steadfast selling reduces the mark to market value of my holdings, but increases the yield commensurately. Which is why worrying about things like NAV is madness. |
Topped up with some BBGI cash |
XD today of course. |
GCP tried moving higher this morning, but look at the large sales - clearly Rathbones regard any pop higher (dividend adjusted) as merely a liquidity event for them.
For those of us with a measurable IQ, this is mana. |
I knew I'd forgotten one...the whole lineup from the stifel infra and renewable conference there |
HICL & INPP, and BBGI always been the quality play, but did that mean a smaller discount.
Not surprised someone's taken it out, and look forward to the first Renewables IT to be bid for. |
All these funds are different but a bid for BBGI at a 20% premium should focus minds on other infra trusts. Along with HICL and TRIG it's often seen as a peer |
All shares bought back before the close of business today will save the cost of the dividend which goes ex tomorrow. Accretive to those who remain on the register. |
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