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To provide shareholders with regular, sustainable, long-term dividend income and to preserve the capital value of its investments over the long term by generating exposure to infrastructure debt and/or similar assets.
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This is a strange share. It pays a dividend of over 9 per cent and Nav is way over sp price. On the surface it looks quite a good long term investment but funds are just not favour at the moment...On this I shall go dividend re invest..
Managed to get my av down to about 103..
Had too many shares in this trust to make a meaningful reduction in average.
Looking forward to the next year and hopefully an uptick in sp. 30%+?
In just under a year, GCP has reduced its revolver debt by over £100m - mostly though two transactions involving a major refinancing and an asset sale above book value. It would appear likely they will continue to pursue value added portfolio transactions throughout this year culminating in an enhanced return to shareholders. Add this to the current NAV discount and 10% dividend there could be a decent period ahead. SB
Started buying this last November presently up 12% and on 10.5% dividend.
Doing better than any of my other renewables.
In fact missed out due to the lack of dips.
The only thing I can think of which is holding up the price is the promise of cash return.
Reducing debt first but it's not much to begin with.
Have a look at today's rns
Not much happening here, Decent divi so still holding medium term.
Recollect the spike last July to 85p … took some profits looking for 90p … didn’t get back into black until November … average down to 63p taking some off today … hard work … still looking for 90p.
Into the mid 70s at last.
I think any upward movement will be linked to upcoming dividend announcement and general sector uptick today - and I guess any increasing share price could be viewed as a capital return which is different from the return of capital anticipated later this year. SB
Looks like the capital return has started?
"GCP offers a substantial double digit return this year imo." ... This year or next year ... Agreed.
Perhaps Investec/Rathbones felt a bit exposed with 100m shares....or perhaps not. We shall see. For me - a share which at 70p is likely to issue dividends of 7p this year which are 1.2 times covered by earnings, plus a proposed capital return of £50m (c.5p a share) , plus the prospect of capital growth from a low base/significant NAV discount, plus a commitment to significantly reducing its £104m credit facility (possibly even paying it off in full) - GCP offers a substantial double digit return this year imo. SB
Somebody appears to have sold c37m shares (c4% of the issued share capital) this morning. That's a big chunk of shares to sell and would appear to narrow down the seller to one of Rathbones, FIL, Valu-Trac and West Yorkshire Pension Fund.
10% yield near enough, capital gain from 70p to 90p on the cards, what's the hurry?
So much for that happening now. This share is stuck at the moment as it has been for months.
HI Yes my bank is the Broker, they say until money received from company paying divis they will not pay. They tell me other brokers will pay even if no payment has been received from the company paying the divi, my bank are chasing....................
Thanks for the heads up.
It is your broker that gets the funds from the company ...if that is a bank then fair enough but phone the broker desk as they are technically the shareholders and hold the shares in proxy
Can you believe I have still not had it!. My bank says it was paid to them and then with drawn for some reason, which doesn't sound right; and they are chasing for re-payment. Any ideas what I can do?
That doesn’t sound right.
I’m with HL and had mine on 5th.
I`m with Iweb and received the dividend on the 5th .
My bank, they say GCP have not released the funds
Yes I’ve had mine. Which broker are you with? Should have been paid 5th December.
Has everyone been paid out from the Dividend payment on 5th Dec? I've not had mine yet. Just before anyone asks, yes I held them on the Ex divi date, for 6 months now. Please let me know, thanks
I think that money could be better spent paying down the debt faster tbh.. The company seem to have outlined a holding pattern for the next 12months and MAX liquidity being available through the RCF during that time may provide some great opportunities when and if interest rates start to come down. Overall I am happy thou to be fair
Returning £50 million to shareholders equates to 5.7p a share.
'Barclays on Tuesday began coverage of GCP Infrastructure Investments GCP with an underweight recommendation and a price target of 0.70 pound sterling.
Clearly I am missing something with the sort of discount to NAV...I can only conclude it would be the lack of capital liquidity for the company atm.... frustrating hold but paying the Divis for now. Will know more on Thursday on results