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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
  2.20 2.29% 98.20 2,193,807 16:35:16
Bid Price Offer Price High Price Low Price Open Price
97.20 97.70 98.00 96.00 96.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.93 -0.08 865
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:38 O 741 97.855 GBX

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Date Time Title Posts
18/6/202114:08::: GCP INFRASTRUCTURE INVESTMENTS LTD :::290
11/11/200014:07Granada Compass drop13
09/9/200002:26COMPASS-MEDIA-

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Gcp Infrastructure Inves... (GCP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 16:08:4197.86741725.11O
2021-06-18 15:57:5398.201,001982.98O
2021-06-18 15:53:3397.961,2081,183.36O
2021-06-18 15:47:2698.2016,78316,480.91O
2021-06-18 15:46:5498.201,001982.98O
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Gcp Infrastructure Inves... (GCP) Top Chat Posts

DateSubject
19/6/2021
09:20
Gcp Infrastructure Inves... Daily Update: Gcp Infrastructure Investments Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GCP. The last closing price for Gcp Infrastructure Inves... was 96p.
Gcp Infrastructure Investments Limited has a 4 week average price of 94.60p and a 12 week average price of 94.60p.
The 1 year high share price is 122p while the 1 year low share price is currently 94.60p.
There are currently 881,356,811 shares in issue and the average daily traded volume is 1,875,240 shares. The market capitalisation of Gcp Infrastructure Investments Limited is £865,492,388.40.
18/6/2021
14:08
williamcooper104: Very good points That's exactly what happened - GCP started out with what's probably been the best risk/reward fixed income product of the last 15 years - PFI sub debt As that's amortised down they've kept the yield by going up the risk curve Net result the share price is below IPO (from memory) HICL IPOd around the same time and is c1.7x up from IPO
17/6/2021
16:15
ec2: To expand on my post 256 last week. Despite my patience wearing thin I remain a holder as I think there is opportunity for the share price to be turned around. I don't have a problem with the fund management group as put simply they follow the mandate approved by the NEDs. My beef is with the NEDs. As previously mentioned, I have issues with their high remuneration, lack of skin in the game, and sitting in their roles for too long. The fact that none of the six has any obvious credit/fixed income market experience is also IMO a big drawback. There appears poor strategic decision making when loans have very profitably been repaid early. This repayment of funds appears squandered by chasing yield further up the risk spectrum and into other areas. I would have preferred these funds to have been returned to shareholders either via special div or tender offer. The comparison to the board at SEQI says it all. Just four NEDs, three of whom have credit/fixed income experience, all have skin in the game and total board remuneration is over 40% cheaper. GCP's relative underperformance of the share price/to NAV evidences investors' losing faith. IMO share holder faith would be improved by replacing some of the long term NEDs with new blood with more relevant market expertise and moving away from what on the face of it appears a cosy group of Jersey residents.
15/6/2021
14:13
cc2014: I have arrived at this thread upon casting around for anywhere to put my money which offers a safe (rofl) return. The chart attracts of course as does the discount to NAV. The NAV seems to be drifting down due to two things 1. Some biomass projects where the equity buffer has got eaten up and 2. the DCF of future revenue streams is struggling due to energy prices, partly due to technology leading to lower cost of renewables I've read the last 150 or so posts and I'm left with a conumdrum. Rising interest rates aren't going to help but this should be in the price, alhtough presonally I perceive not all of if is. But what's probably of more importance to me right now is what happens if the DOW/FTSE pulls back 5%. Will GCP pull back 5% with it? or more likely some lower percentage. Or will money flood into "safer" havens meaning the share price would actually go up. So, I'll sit on the sidelines. I don't see a compelling reason to buy but GCP is of sufficient interest to add to my many watchlists.
15/6/2021
09:35
stewart64: Share price is not the same as performance either. We have gone from a circa 20% premium to a 3% discount. I think the 25% price fall is overdone even if the 10% of the portfolio in Biomass loans were worthless ( with leverage that would warrant a 13% price correction). At the same time an 8.5% fixed loan portfolio should have steeply risen in value against zero interest rates a' la gilts. That should have offset any hit on Corp tax rises. I'm in it big just now because it appears to be trying to find its regular quarterly nadir which I have alluded to at length in previous posts. I can be wrong though.
12/5/2021
21:05
jonathan49: Hi, I too attended the presentation. I put my question in before they started and pleased to say that they did answer it as some of you heard. I am disappointed that they had not flagged more clearly that the older loans are compromised due to an insufficient equity cushion and the fall in the long term power price forecast. Some of the older loans are also against assets with difficult operational issues such as biomass and anaerobic digestion. On page 20 of the last half year report there is a chart of NAV vs power prices which shows 6% of Nav lost per 10% of electricity price drop. I believe that this chart was new in that report indicating to me that they had previously thought that they had enough equity for the loans not to be affected by power price forecast downgrades. I guess we have taken most of the first 10% drop now and presumably it is a straight line down if there are further electricity price forecast downgrades. I therefore agree that it seems unlikely that the target income level can be maintained in the long run. The government will need electricity prices to be low in the future because in order meet CO2 objectives most houses/cars will need to be heated/powered by green electricity and people need to be able to afford it. A further concern of mine is given that GCP continually needs to reinvest as capital is returned from the amortising loans, the fund is also dependent on future opportunities being available which meet the target return level, however the returns from energy projects are highly uncertain. The risk reward profile of this fund is not what I thought and so I sold my complete holding after the presentation. I also hold TRIG (A bigger operation with 100% renewables rather than 60% in GCP infra) and suspect that the same issues will apply, though I believe TRIG holds the whole project capital rather than debt only.
21/4/2021
11:21
speedsgh: Dividend Declaration & Scrip Dividend Alternative - HTTPS://www.investegate.co.uk/gcp-infra-inv-ltd--gcp-/rns/dividend-declaration---scrip-dividend-alternative/202104211106171764W/ GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt is pleased to announce a dividend of 1.75 pence per ordinary share, for the period from 1 January 2021 to 31 March 2021. The dividend will be paid on 8 June 2021 to holders of ordinary shares recorded on the register as at the close of business on 7 May 2021...
19/4/2021
16:05
speedsgh: Net Asset Value(s) - HTTPS://uk.advfn.com/stock-market/london/gcp-infrastructure-inves-GCP/share-news/GCP-Infrastructure-Investments-Ltd-Net-Asset-Value/84851618 GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, announces that as at close of business on 31 March 2021, the unaudited net asset value per ordinary share of the Company was 100.78 pence, down 1.93 pence from the 31 December 2020 quarter end. 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. The UK Government's announcement, as part of the March budget, to increase the corporation tax rate to 25% from 1 April 2023 has resulted in a reduction of the net asset value of c. 1.71 pence per ordinary share. In calculating the Company's net asset value, the Directors have historically incorporated electricity price forecasts in the valuation process by taking the average of the most recent four quarterly long-term forecasts published by Afry, a leading independent market price forecaster (the "Afry Average"). With effect from (and including) the 31 March 2021 net asset value, the Directors will apply a modified methodology for these purposes, pursuant to which the Company will use published electricity futures market prices for the three-year period starting on the valuation date (the "Futures Prices"). After this three-year period, the Afry Average will continue to be used. The Directors believe Futures Prices are a more appropriate reference for short-term prices that incorporate traded market activity and are more closely aligned to the prices that projects are able to secure for the sale of electricity under their respective power purchase arrangements. In the quarter ending on the 31 March 2021, a reduction in the Afry Average resulted in a decrease of the net asset value of c. 1.57 pence per ordinary share. The incorporation of the Futures Prices as described above resulted in an increase of the net asset value by c. 1.60 pence per ordinary share. The Directors note a range of electricity price forecasts and renewable asset valuation assumptions are used across the renewable infrastructure market. The Directors believe that the Company adopts a conservative position to the valuation of renewable assets and shall continue to do so pursuant to the revised approach regarding electricity power prices. Further detail on the Company's approach to long-term assumptions, and Mazar's independent valuation of its assets, is anticipated to be provided as part of the Company's interim results for the six-months ending 31 March 2021, which are scheduled to be published in June.
05/4/2021
15:18
sharesoc: In case you missed our webinar with GCP Infrastructure Investments on 18 March, the recording and stockopedia report can be found here: hTTps://www.sharesoc.org/seminar/sharesoc-webinar-with-gcp-infrastructure-investments-gcp-18-march-2021/ To access the recording, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the recording (and recordings/reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
05/3/2021
16:22
speedsgh: Who are GCP's most direct peers (trying to ascertain recent share price performance compared to peers)? AIC has them classified as in the Infrastructure sector, even though 60% of their investments are in Renewable Energy. Why are they not classified as in Renewable Energy Infrastructure sector? Yield is now back above 7% in spite of the dividend cut. This weakness feels specific to GCP?
02/3/2021
17:50
donald pond: GCP are presenting at ShareSoc next week. Suggest you sign up and attend, I often host sharesoc events but not this one for reasons some of you may be able to work out. The events are structured as 30/40 minute presentations and then 20/30 minutes of questions and the manager, Phil Kent, will be able to answer any questions you have. The event is free, though of course I really recommend you sign up as a full ShareSoc member to help us in our work. hxxps://www.sharesoc.org/events/sharesoc-webinar-with-gcp-infrastructure-investments-gcp-18-march-2021/
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