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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.70 | 0.95% | 74.70 | 1,636,863 | 16:35:12 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 74.90 | 75.40 | 75.00 | 74.00 | 74.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 38.7M | 19.51M | 0.0225 | 33.33 | 640.75M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:36:24 | O | 40,675 | 74.70 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/2/2025 | 17:13 | UK RNS | GCP Infrastructure Investments Ltd Total Voting Rights |
| 28/2/2025 | 17:01 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 27/2/2025 | 17:47 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 26/2/2025 | 17:02 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 25/2/2025 | 17:42 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 24/2/2025 | 16:59 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 21/2/2025 | 17:02 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 20/2/2025 | 17:06 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
| 20/2/2025 | 12:35 | UK RNS | GCP Infrastructure Investments Ltd Director/PDMR Shareholding |
| 19/2/2025 | 17:06 | UK RNS | GCP Infrastructure Investments Ltd Transaction in Own Shares |
Gcp Infrastructure Inves... (GCP) Share Charts1 Year Gcp Infrastructure Inves... Chart |
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1 Month Gcp Infrastructure Inves... Chart |
Intraday Gcp Infrastructure Inves... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/2/2025 | 20:18 | ::: GCP INFRASTRUCTURE INVESTMENTS LTD ::: | 1,059 |
| 11/11/2000 | 14:07 | Granada Compass drop | 13 |
| 09/9/2000 | 01:26 | COMPASS-MEDIA | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 02/3/2025 08:20 by Gcp Infrastructure Inves... Daily Update 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 74p.Gcp Infrastructure Inves... currently has 865,882,650 shares in issue. The market capitalisation of Gcp Infrastructure Inves... is £649,411,988. Gcp Infrastructure Inves... has a price to earnings ratio (PE ratio) of 33.33. This morning GCP shares opened at 74p |
Posted at 11/2/2025 10:33 by wskill 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. |
Posted at 11/2/2025 10:10 by cwa1 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 |
Posted at 06/2/2025 09:34 by hpcg 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. |
Posted at 06/2/2025 09:30 by chucko1 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. |
Posted at 31/1/2025 10:38 by hpcg Tag57 - buy backcs are supporting share prices. Those prices would be lower without them. Dividends are horrendously tax and dealing cost inefficient for reinvestment. Buybacks have all the advantages of pound cost averaging. In addition buy backs provide me with exit liquidity if I want it for some reason. High dividends aren't supporting share prices either. I'm here for capital appreciation as well as income, which means I think the market is not pricing the assets correctly. Buybacks are thus significantly accretive in a way that dividends are not.More theoretically, equity went in to buying the assets and so when assets are sold the money should be returned via equity. |
Posted at 30/1/2025 21:11 by jam62 In this morning’s RNS it was stated the £50m to be raised from asset sales will be specifically used for share buybacks. This will have a very positive impact on the share price by (a) enhancing NAV by reducing the numerator in its calculation (b) facilitating liquidity at times of illiquidity (c) giving the market reassurancethat over a sustained period of time some 70 million shares will be purchased. With Gilt yields across the curve having moved considerably lower over the last 2 to 3 weeks, the current near-10% yield will soon look highly anomalous. Surely, a spread of just 400 basis points over the 10-year Gilt (yield 4.5%) is more than sufficient as a risk premium! This would give a yield of 8.5% , a share price of 82p and a discount to the last stated NAV of 22%. Finally, with the likelihood of 10’s of millions of shares being repurchased, there will be the prospect of dividend growth over the period, thus enhancing the prospective yield. |
Posted at 30/1/2025 11:23 by chucko1 Good asset sale. 12% discount to NAV versus share price at a 34% (pre-rise) discount, especially given that the underlying asset was clearly surplus to their medium term direction of travel.But they are fairly small sales. |
Posted at 12/12/2024 12:20 by jam62 Using an NAV of 105p and a current offer price of 69.74p, the discount has widened to 33.6%. Any share repurchases struck at current levels would maximise the benefit to shareholders. (I) by reducing the issued share capital, the dividend becomes more sustainable; (ii) The NAV is enhanced, and if there is no commensurate increase in the share price, the discount to NAV gets even wider,thus making the next repurchase even more compelling for shareholders who remain on the register; (iii) The cumulative impact of the above is likely to generate new buyers of the equity and encourage existing holders to add.If you look at the 2024 Report and Account you will see that the repurchase route is the preferred option of the company. |
Posted at 05/11/2024 21:35 by jam62 The share price fall is all to do with the yield on the 2 and 10-year Gilt.All fixed income and related securities trade on a spread/differential. The 10-year Gilt yield has moved from circa 3.95% to 4.5% in the last two and a half weeks or so, and that’s a 13.9% move. GCP over the same period has moved from a yield of 8.86% to 9.85%, a move of 11.2%. It’s a numbers game, with players in this market doing pair trading. Because the movement in GCP has been so rapid, the worry beads appear and imaginations run wild, with fear and greed entering the market. The reality is that GCP has a well spread portfolio of high quality assets and regardless of Gilt yields, the status quo remains. As a reminder, look back to see what happened to the share prices of both GCP and GABI during the brief period when Liz Truss was at the helm of our country and Gilt yields went to 5/5.5%. |
Posted at 11/8/2023 08:37 by donald pond Liberum have been tentative on GCP for a long time so their view today is interesting Planned merger announcedAnalyst: Joseph PepperGCP Mkt Cap £662m | Share price 75.4p | Prem/(disc) -31.5% | Div yield 9.3%GABI Mkt Cap £244m | Share price 57.4p | Prem/(disc) -38.9% | Div yield 11.0%RMII Mkt Cap £82m | Share price 91.7p | Prem/(disc) -23.9% | Div yield 9.3%EventGCP Infrastructure (GCP), GCP Asset Backed Income (GABI) and RM Infrastructure Income (RMII) have all issued statements this morning in relation to a potential combination of the funds. The announcements relate to two separate (but related) mergers:GABI Scheme: GCP and GABI have agreed heads of terms GABI will enter a solvent wind-up, with GABI shareholders receiving GCP shares on a formula asset value (FAV) for FAV basis which reflects NAV less transaction costs. It is expected this merger will complete before the end of 2023.RMII Scheme: Potential combination with RMII The newly enlarged Gravis fund (GABI and GCP) has outlined it is in discussions with the Board of RMII for the transfer of a material proportion of its assets to GCP in exchange for the issue of new shares. No heads of terms have been agreed and GCP will provide further details when appropriate.The GABI scheme would improve liquidity at GCP and enable significant deleveraging of expensive floating rate debt. £200m of cash that would be available to the enlarged portfolio will be allocated to reducing GCP's RCF to a drawn balance of £50m while £100m will be distributed via. buybacks, special dividends or otherwise. An enhanced cash balance from the merger is due to the short duration nature of GABI's loans (5 years at GABI vs 10 years at GCP), with c.£140m in cash expected to be received by the combined fund within the first 6 months of 2024.A revised investment policy will be issued, which provides greater flexibility to invest in higher return investments in the private sector and/or non-UK geographies. A new explicit sustainability objective will also be introduced into the investment mandate.Further benefits of the combination include enhanced secondary market liquidity, consolidation of holdings for large shareholders and lower costs (estimated at c.£0.8m p.a.).Neither GABI or GCP currently have a requirement to hold a continuation vote but the Board will commit to providing shareholders with a continuation vote at GCP's AGM in 2028 and every four years thereafter.As the investment manager, Gravis will contribute £1m to any transaction costs, with residual costs to be shared between GCP / GABI, which are expected to be £1.4m. The portfolio managers of the enlarged GCP Infra will remain unchanged.Liberum viewGCP trades at significant discount to NAV and hence equity raising is an unrealistic short-term option to de-lever the portfolio and improve liquidity. We have previously highlighted these as two key issues at GCP, with its floating-rate £190m RCF 81% drawn in December 2022. This merger largely resolves these key issues with the short duration portfolio at GABI providing a larger return of capital as loans mature more frequently. This allows for the repayment of floating-rate debt but also provides the opportunity to reinvest in a new higher rate environment.The RMII merger is a less natural combination given RMII's loans have a higher risk profile than GCP but only a 'material' proportion of the loans will be acquired if the RMII scheme proceeds, with the highest risk loans not being incorporated into the GCP portfolio. Furthermore, RMII's loan book is short duration and hence provides further liquidity to GCP and there are cost efficiencies from merging the three funds within a similar time period.The merger would be on a FAV for FAV basis using GCP's September NAV and given its exposure to more subjective valuation assumptions due to its equity asset exposure (power price assumptions, equity discount rates) we await the publication of its updated NAV to determine the relative value of the merger for GCP / GABI shareholders. However, the merger actively addresses key issues we have identified at GCP and we view such corporate activity as necessary and in shareholder's interest in a new subdued equity raising environment. |
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