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GCP Infrastructure : GCP

GCP Infrastructure : GCP

11 December 2013
James Carthew

GCP lends £6.5m against three wind sites in Scotland and Wales. The deal will generate a yield of c9.8% per annum.

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GCP Infrastructure sells wind farm loan notes at 6.4% premium

GCP Infrastructure (GCP) has sold its interest in loan notes secured against Blackcraig Wind Farm at a 6.4% premium to the valuation of the project as at 31 March 2024. The disposal has generated net cash proceeds of around £31m and these will be used to prepay drawings under GCP’s revolving credit facility. GCP says […]

Inflation weighs on GCP Infrastructure Investments in Q1

GCP Infrastructure Investments (GCP) has provided a company update for the three months to 31 March 2024. The company’s NAV fell 2.2% over the period, driven by changes to the inflation forecast to reflect the OBR’s Spring Budget 2024 figures. This contributed around 1.6 pence per ordinary share. Further reductions in forecast electricity prices, primarily […]

GCP Infrastructure and GCP Asset Backed Income combination off of the cards

Separately, GCP Infrastructure (GCP) and GCP Asset Backed Income (GABI) have issued statements saying that a proposed combination of the two companies has been terminated. A significant shareholder consultation exercise was undertaken and both statements make reference to a divergence of views existing amongst shareholders of GABI as being the hurdle. GABI’s board has said […]

GCP Infrastructure and GCP Asset Backed Income to merge

The boards of both GCP Infrastructure Investments (GCP Infrastructure) and GCP Asset Backed Income (GABI) have agreed terms for a merger of the two funds. Under the proposals, the merger will take effect via a solvent winding-up of GABI and the transfer of its assets to GCP Infrastructure in exchange for the issue of new […]

Rising discount rates impact GCP Infrastructure

GCP Infrastructure Investments (GCP) announced its quarterly results to June 30, 2023. NAV fell 2.2% due to increases in discount rates which reflect the current higher inflation and base rate environment, and recent market transactions that suggest the rising cost of debt has started to impact equity pricing. This has resulted in a c.40bps increase […]

Outlook remains promising for GCP Infrastructure

GCP Infrastructure Investments Limited (GCP) announced the publication of its quarterly investment report. At 31 March 2023: The net asset value was, as previously announced, 112.24 pence per ordinary share, an increase of around 9% over the past year; The company was exposed to a diversified and partially inflation protected portfolio of 49 investments with […]

GCP Infrastructure reports solid set of results

Over the 12 months ended 30 September 2022, GCP Infrastructure’s NAV rose from 103.99p to 112.80p. Higher electricity prices had a significant positive effect on returns even after the Valuation Agent reflected the expectation of an electricity price cap being applied to generators, capping the expected price for 2023 and 2024 at £150 per MWh. […]

Fund Brief: GCP Infrastructure Investments Limited

About GCP Infrastructure Investments Limited GCP is a Jersey-incorporated, closed ended investment company and FTSE 250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long term distributions and to preserve capital over the long term by generating exposure primarily to […]

GCP Infrastructure confirms big jump in NAV

GCP Infrastructure has published its half-year results, covering the six months ended 31 March 2022. As flagged previously, the NAV has jumped to 112.75p from 103.92p at end September 2021. The company is reporting a total shareholder return for the period of 13.7%. The profit for the period of £108.9m reflects the impact on valuations […]

GCP Infrastructure sees opportunities from decarbonisation agenda

GCP Infrastructure Investments has published results for the 12 months ended 30 September 2021. It delivered an NAV return of 7.2%, but the shares moved to trade on a small discount, which resulted in a return to shareholders of -7.9%. The rebasing of the dividend from 7.6p to 7.0p was well flagged and has been […]