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The trades shown here as 'buys' and 'sells' are not reliable as a basis for trading. I bought this morning at 9.17 but the website shows this trade as a 'sell'.
good share to invest. never having big falls or high rise.. always 1.10-1.25 zone.(.lets dont talk about March covid panic ) and very nice 7% dividend..
I am hoping this will settle down now. Scrip dividend on Monday. Been in this for a number of years and even traded it last month. Should never be tradeable though...
Not sure if my hypothesis is true but could the volatily that GCP showed over the last 2 weeks be related to this acquisition? (SEE TODAY'S RNS)
Looking more closely at the presentation of May 2020 (https://www.graviscapital.com/funds/gcp-infra/literature) that explained the sensitivity of the value of some investments to the electricity prices I see a statement that " sensitivity analysis shows that under further adverse price moves, a number of loans start being impaired, particularly in the Company’s biomass investments". Further down on page 14, under "Challenges", the comment "Restructure of loans on two biomass projects expected shortly ..... Performance challenges at one other asset". Maybe these have crystalized? Although I would expect the impact of any impairment would be reflected in the latest NAV of 104p reported for 30 September.
Either way I don't believe that electricity prices will remain depressed in the medium term so this remains a good long term investment that currently yields 7%.
NAV dropped again at end Q3 - now down to 104p - as a result of lower electricity prices. But this is hardly new information .......
with GCP? Dropping like a log today. I hate it when I don't know why. Anyone could shed a light?
Reassuring update from the company today.
Even in this crazy market this must be oversold just top up at 77.8 p 9.7% yield. Some risk of course but looks worth it.
Normally this share is as quiet as this board ... very sedate and very calm ... even in this present market its been relatively well behaved ... until today ...
6-7% swings ... What's behind it folks?
Thank you I will have a look
Have a look at my comment on Bsif and the underlying comments on that page. Possibly linked.
Other than that it’s a general sentiment sell off due to what is going on with SQN getting trashed.
Any ideas why the fall today? Nearly 2% down. Unusual for this steady as she goes share
All ok folks. Divis arrived.
Can anyone tell me what has happened to the divi for 23-8-2019?
Is it just me or is the RNS that has just been posted to the RNS for GCP actually for the GCP company traded on the NYSE?
That checks out as GCP Applied Technologies.
Looks like the LSE web servers are having some problems ...
Mike
Good recommendation by Questor this morning causing some buys. Think this will be a long term hold.
For the drop, are they reducing divi?
For a "stable priced share" , this is taking a pasting!
I too have a load of these ... but the fall in actual share price is only of significance if you intend to sell them -- I don't. I bought them with the hope/intention of holding to infinity for the yield of 6%+ that I would be getting. Provided they continue to issue the dividend as they currently do there is really nothing to consider. Yes, I could have done marginally better, (with hindsight, which is always 20/20), by selling the peaks and buying the troughs but then I prefer a relatively quiet life ... and as you say, there will always be someone in the will that can sell them after the final exeunt. Mike
I have a load of these. The regular dividends mean you just buy and forget but so far this year the dividends have not made up for the fall. My grandchildren can sell them though because I won't
GCP are executing their standard business model ... raise money in the market ... loan it out for long-term infra-structure projects ... pay a proportion of their income as dividends. The actual numbers, of course, depend on market conditions and opportunities. They took advantage of the recent share price rise to issue paper ... and that was a smart move ... and they offer it at a discount to the market price ... ensuring a 100% take up and that too is a smart move. The rest is down to how shrewd a judge of loan/repayment they are as regards who they loan it to and for what interest. History suggests that they have got it right in the past and there's no reason to think they have now got it wrong. The reward in the longer term is a 6% yield for us PI's and in the short term a capital gain for those picking up the placement. As regards the share price ... expect the 120-122 range shortly as the placing kicks in ... followed by a 118-120 range as the dust settles ... followed by a very gentle rise to the 128-130 region again before the next placing. Mike
Looks like they are doing a placing of 215 Million shares at NAV + a little bit more (to cover expenses). NAV on AIC website = 108.9 so call it 112p. SP currently 129.1p (was 131 a few days ago - leak !!!). As its a Placing and not a Rights Issue, yet again the BoD is stuffing Private Investor in favour of their City Chums. . Pigs and Trough come to mind.
What's happened here
An EGM has been called for 14 April and it looks as though the main business is to be the creation of 175 million new shares ... the implication being that there is to be a placement. Does anyone know what this is actually about and what its implications are? I've seen comments that PIs needn't apply ... implying that its to be a private placement ... but its significant at 1:3 or 1:4 so unless the pricing is handled well there could be quite a dilution effect. Of course if the funds are destined for good projects it could easily be a sign of growth ... So what's the inside track on this one? Mike