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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
  0.80 0.69% 116.40 116.00 116.80 117.20 116.20 116.20 600,051 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 73.4 8.6 13.5 1,023

Gcp Infrastructure Inves... Share Discussion Threads

Showing 101 to 124 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
30/5/2018
16:36
GCP switches manager and looks to secondary market - HTTP://citywire.co.uk/investment-trust-insider/news/gcp-switches-manager-and-looks-to-secondary-market/a1123882 The past six months has taken its toll on UK infrastructure and GCP Infrastructure Investments (GCP) is now looking to the secondary market for opportunities under a new lead manager. Philip Kent is taking over as lead manager as existing managers Stephen Ellis and Rollo Wright step back, the trust announced in half-year results. With investors having suffered a 3.8% loss over the six months to the end of March, trust chairman Ian Reeves said the sector had faced a ‘number of headwinds’, with concerns about a Labour-led government nationalising UK public finance initiative (PFI) projects, the collapse of services group Carillion, and rising interest rates. On top of these well-publicised problems, the trust has also had to deal with the regulator of social housing ‘querying the financial visibility of First Priority Housing Association’ to which the trust has 4% of assets exposed. The regulator found the housing association based in Kent lacked ‘sufficient working capital’, although interest on loans made by GCP are up to date. Reeves said the trust had ‘significantly progressed discussions with a number of potential replacement registered providers and in light of these negotiations, do not anticipate that there will be a material impact on the company’s net asset value’. However, investors are still confident on the outlook as the trust raised £100 million in an oversubscribed share issue, well above its £60 million target. The issue for the trust now is how to invest the money in a sector which is slowing, particularly in GCP’s specialist area of renewable energy debt. With a dearth of projects available, the trust is looking to the secondary loan market for investment opportunities. ‘The pipeline of primary UK infrastructure projects requiring finance remains subdued,’ said Reeves. ‘Although competition remains strong, there does appear to be more activity in secondary market deals. In this context, the experience of the investment adviser in transacting across a range of infrastructure sectors ensures that the company has access to the majority of opportunities that do emerge.’ He added that the secondary activity was fuelled by borrowers seeking to refinance and lenders looking to sell loans, and since 31 March the trust has used the market to invest in solar and wind projects. The trust, which currently trades at a premium of 8.5%, has 46 investments worth around £1 billion and Reeves said the majority of the portfolio was ‘performing materially in line with expectations’.
speedsgh
29/5/2018
12:40
Half-yearly report and financial statements 2018 - HTTPS://www.investegate.co.uk/gcp-infra-inv-ltd--gcp-/rns/half-yearly-report-and-financial-statements-2018/201805290700113685P/ Direct link to Interim Report download... HTTPS://www.graviscapital.com/funds/gcp-infra/literature/interim-report-mar-2018
speedsgh
29/5/2018
12:21
You are perfectly correct in your observation of the poor share price recently.Whilst there may be a Corby effect I thing there is a huge mistrust of the BoD here. We've had 2 Institutional placing with a discount of 3p (ish) immediately prior to the dividend issue of 1.9p, effectively giving a 4.9p discount. That had a knock on effect of dropping the share price marginally in theory, but larger in practice. I don't think shareholders like the Board's approach and have walked away a little.
warrior boy
01/5/2018
11:04
Not performed very well has it in the run up to the dividend and in view of the present bull run. Really had a poor time since the June election. I did raise the Corbyn issue earlier this year with no replies, I found this Spectator article that takes a counterintuitive position on Corbyn...... hxxps://blogs.spectator.co.uk/2017/11/an-investors-guide-to-surviving-corbyn/
stewart64
18/4/2018
13:35
Net Asset Value(s) - HTTPS://uk.advfn.com/stock-market/london/gcp-infrastructure-investments-GCP/share-news/GCP-Infrastructure-Investments-Ltd-Net-Asset-Value/77204599 GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, today announces that as at close of business on 29 March 2018, the unaudited net asset value per Ordinary Share of the Company was 112.35 pence. The net asset value takes into account cash, other assets, accrued liabilities and expenses and leverage (if any) of the Company attributable to the Ordinary Share Class.
speedsgh
25/1/2018
12:00
Bothdavis...not that far off the nav, wouldn't have thought it would go much below nav if Comrade Corbyn starts requisitioning the assets, though open to thoughts on that. Would be more worried about outsourcing companies most of whom have zilch on the balance sheet once you disregard intangibles. At times like these you wish you had the security of McDonnel's and Corbyn's gold plated 7 figure final salary pension packages. Pretty immune to what destruction they do to everybody else.
stewart64
25/1/2018
10:34
The 'Corbyn effect' really taking hold. Down some 8% now - time to bale or hope he is seen without his clothes soon!!
bothdavis
11/1/2018
19:01
Yep Hargreaves now confirming premium at just 9.9%. Has tended to trade on a higher premium than less diversified investment trust of this type. Not now...Greencoat (11%) Renewables (12%) for example. Share issuance doing the usual demolition job on the share price...too much imo.
stewart64
11/1/2018
12:49
Speedsgh....Trading on the narrowest nav premium since 2013 at around 10%...123/112. A collision of a big nav jump and a share offering of a mere 60 million quid. Looks oversold.
stewart64
09/1/2018
13:25
Net Asset Value - HTTP://uk.advfn.com/stock-market/london/gcp-infrastructure-investments-GCP/share-news/GCP-Infrastructure-Investments-Ltd-Net-Asset-Value/76432712 GCP Infrastructure, the only UK listed fund focused primarily on investments in UK infrastructure debt, today announces that as at close of business on 29 December 2017, the unaudited net asset value per Ordinary Share of the Company was 112.28 pence. The net asset value takes into account cash, other assets, accrued liabilities and expenses and leverage (if any) of the Company attributable to the Ordinary Share Class.
speedsgh
02/12/2017
12:10
For some diversity? hxxp://citywire.co.uk/investment-trust-insider/news/infrastructure-veteran-looks-to-us-with-tri-pillar-fund-launch/a1071178 Tri-Pillar Infrastructure will be run by CAMG, of which Charlesworth is a partner and chief executive. Charlesworth, who left John Laing in May, is joined by Ian Ruddock, Vikki Everett and Norman Anderson, who previously worked with Charlesworth when JLIF floated in 2010 raising £270 million. Tri-Pillar will aim to issue £200 million of shares and is targeting an annual dividend yield of 4.5% and a long-term internal rate of return of 8% to 10%. The company will focus on infrastructure assets based in mainland Europe and North America and will target assets that ‘depend on revenues for usage and are subject to demand and not just availability’.
stemis
23/11/2017
15:10
May be a rethink on high yield stocks with genuine assets cover like GCP with the possibility of sluggish growth and low interst rates for years.
stewart64
16/11/2017
23:09
cheers rik wllm
wllmherk
16/11/2017
21:03
This should bounce back,good regular dividend and mix of assets in portfolio : 23% PFI 16% social housing and 61% renewables from link below: hxxps://www.graviscapital.com/funds/gcp-infra/portfolio
rik shaw
16/11/2017
20:11
Ive got 6k in this Stewart and happy to hold, cracking dividend. wllm
wllmherk
16/11/2017
08:35
I was amazed when I checked back and saw that this stock has crashed nearly 10% on the year. Just a few points, interest rate rises have been slower than would have been predicted 12 months ago and now the MPC is wimping out going further. Jeeze do Market makers actually save in cash...my Britannia fixed rate bond post rate rise is up for renewal on 1 December...a cut from 1.6% to 0.75%. That's one wanging its way to my Hargreaves account. May be not GCP, this is clearly one the Market hates. Having ten grand in it is enough for now.
stewart64
15/11/2017
11:18
An updated (September) Portfolio
skinny
15/11/2017
10:37
Conditional investment commitment of c. £52 million - HTTPS://www.investegate.co.uk/gcp-infra-inv-ltd--gcp-/rns/conditional-investment-commitment/201711150926124882W/ The Board of GCP Infra, which is the only UK listed fund focused primarily on investments in UK infrastructure debt, is pleased to announce that the Company has entered into a conditional, binding commitment to subscribe for a series of loan notes (the "Loan Notes") with a value of c. £52 million, the proceeds of which shall be used to finance investments in five operational onshore wind farms located across the UK (the "Projects"). Each of the Projects is in receipt of renewable obligation certificates, a government-sponsored mechanism for promoting renewable electricity generation in the UK. The Company's conditional investment is subject to the receipt of third party consents to the proposed transaction. The subscription for the Loan Notes, if issued, will be funded by the Company from its available resources at the relevant time. The Loan Notes, if issued, will be issued by an intermediary company set up for these purposes.
speedsgh
28/7/2017
14:03
Because it is a Jersey company no stamp duty would have been payable.
mad foetus
28/7/2017
11:51
Thanks speed - it was on mine - I'll query it.
dendria
28/7/2017
10:46
dendria - Stamp duty was not charged on my recent purchase.
speedsgh
28/7/2017
09:20
Do we have stamp duty on GCP if it's a closed-end fund? I think the stamp changed but not sure on current exemptions (other than AIM).
dendria
14/7/2017
16:28
Straight From a Reliable Source - The Times, Business Markets Section. For investors seeking an even more reliable investment, there is GCP Infrastructure Investments. This provides debt to projrcts that have the support of the public sector. This means that in the wildly unlikely event that a project gets into trouble GCP ranks ahead of equity owners in getting their money back. The debt that GCP Infrastructure holds in PPP or PFI projects, clean energy & increasingly in social housing returns 8.7 per cent. Out of this, the fund pays dividends that, at present price, provide a 6 per cent yield. Investors are asked each year to approve a programme of placings that will fund future investment, £260 million or so in the current year. This is efficient because shares can be issued as the money is needed, rather than in one go, which produces 'cash drag' - poor returns from keeping it in the bank. Yesterday the first £50 million was issued from the present programme. The shares at £126p, have kept pace with those other infrastructure funds. For the ultra-cautious investors, GCP is as good as it gets.
bothdavis
10/7/2017
08:06
I see that the Board are doing a placing again. This time a 3p discount for their city chums and they have to settle by the 18th July so that they can qualify for another 1.9p subsidy (sorry, ex-dividend date).Pigs & trough come to mind.
warrior boy
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