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Could the problems in social housing be casting a shadow over GCP eg Home reit…though SOHO and CSH seem to be levelling out now ?
I know the market for investment fund shares such as GCP is poorly due to wider economic issues - but is there more to this than just the market? Almost a 7.5% divi on current price and a full 20p below NAV - £180m. High inflation should help NAV each quarter this year - why such a huge disconnect. Are the fund managers earning their fees. SB
For once it’s not just gravis - HICL, JLEN and INPP all down in last few weeks. 20% down from last year high despite a growing NAV. Armageddon aside there has to be a good chance this will stage a minor recovery soon. SB
Any rise here is gratefully recieved .. Been a bit grim.
The NAV RNS last Friday appeared here although did not appear on the main RNS release page from what I can see. The gap between NAV at 113.6p and current price is much higher than our peer group - with an independent third party valuation even higher than that. 7% yield still market leading - with hopefully capital growth to come in coming months. SB
And back up we go...a bit late on adding. Ah well headed in the right direction...hopefully.
they said - well f**cked off with this one. Just cant get a break
Its been a good run of late jimmy - we are now valued at a 10% premium to our NAV which is much more aligned to our peer group. Still a 6% very healthy dividend on offer. Some of our investments (PFI) will also benefit from the current high levels of market inflation - unitary charge payments are RPI linked. SB
Things looking up!
It would appear so jimmy! Although funds of this nature do have some price fluctuation - they are generally shielded from wider market chaos as a result of their largely recurring revenue, cash flows and quite frankly exceptional yield - with dividend cover the only issue which rears its head here. Not many shares up 10% in the last month.....SB
Off the bottom- 6% rise in a fortnight. Was surely oversold?
We are now trading at a significant discount to our NAV; whilst our peers group (HICl and INPP) are trading at a 10% premium to NAV. I think the historic 'exposure' to power prices in the portfolio make some nervous....but surely that's a benefit in the current market (albeit we have hedged some pricing) and our role as a green investor surely has value. The sustainability of the 7p divi and how it is covered is always a bit of an issue - but nothing new there. I'm still buying - 7% yield territory. SB
Can't work it out??? Bottom is very sore. Was quite happy around 107p now sub 100p ? Why ?
No idea but same thing has happened to SEQI
Is anyone aware why the price has dropped quite sharply,I can’t find any news.
Company GCP Infrastructure Investments Limited (GCP)
Stock Exchange London Stock Exchange (United Kingdom)
Amount 1.75p
Dividend Type Quarterly
Ex-Dividend Date Thursday August 05 2021
Pay Date Thursday September 09 2021
Why hasn't the dividend been declared yet. They should have done so by now
Hopefully there's a takeover on the cards for this one. Why not?
Should be a vote of confidence in this suffering fund
Wow, 8.8m buy at 99.5p!!
28-Jun-21 10:24:33 99.50 8,871,343 Buy*
You would think that all the IT's and Funds launching as Green, and those selling current investments to turn green would have some effect. But tobacco and oil prospers, green credentials count for little.
Agree, it’s a head spinner.. Jlen is on the same downward spiral, even after a recent 104p placing.
I’m not selling any of the so called green investments at a loss, one can only look long term and keep averaging down in the hope that a turnaround may occur in the future.
I’m now coming to the conclusion going green and man made climate change is a bit of a con. Having studied the history of the Suns activity and co2 levels over millions of years. Off to turn the heating up!
This share is a one way trip at present... One has to question how investing in long projects can cause such a fall. Dividend loses all attraction when you lose 20%
@ teamwork86 Only guessing but if the loans are secured on the assets of which the values have fallen then presumably the value of the loans also falls? Possible also that the rate of repayments may be impacted by energy prices and hence effect the lucrativeness of the loan?
Challenging 6 months, and the 6 before that.. and the 6 before that. But that said I think there is probably more room here now for upside than downside. Weakness still seems largely due to the electricity price outlook. They seem keen to suggest they are erring on the side of caution in a lot of their assumptions, though the hit here does seem to have been a fair bit worse than some more dedicated renewables companies. The moves in share price has been a fair bit more exaggerated than the moves in NAV.. so let's hope they can give us a bit of good news as regards the latter next month. Natural gas prices seem to be slowly improving.. I was in here at c£1.05, but know others who bought at £1.20-1.30 who are barely breaking even with dividends accounted for over several years.