Overview
GCP Asset Backed Income Fund : GABI (formerly Project Finance Investments : PROJ) aims to generate attractive risk-adjusted returns that are delivered primarily through regular, growing distributions and modest capital appreciation over the long term. It seeks to achieve this by investing in a portfolio that is comprised primarily of UK project finance debt investments. Project finance is primarily focused on long term finance of infrastructure and industrial projects. Such projects typically have contracted, predictable medium to long term cash flows and/or physical assets against which financing can be secured. The investments are typically made in a single purpose, ring fenced company that owns the contract or the asset forming the project, therefore the exposure is to the performance of that contract or asset only. The debt financing is typically secured by all of the project assets, including the revenue-generating contracts. Project lenders are given security on all of these assets and the lenders (or the highest ranking lender, if there is more than one) are able to assume control of a project if the project company has difficulties complying with the loan terms.
The fund manager’s website can be found here.
GCP Asset Backed Income Fund : GABI
You can view our interviews with the company’s Fund Managers below:
8th July 2022: David Conlon & Joanne Fisk – Weekly Show
Fundamentals
Price
Research History
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08 Jul 2022 1 min read
Interview with David Conlon and Joanne Fisk of GCP Asset Backed Income
In this week’s show, Jayna Rana talked to David Conlon and Joanne Fisk of GCP Asset Backed Income. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you […]
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02 Jul 2021 1 min read
Interview with David Conlon of GCP Asset Backed Income
In this week’s show, James Carthew talked to David Conlon of GCP Asset Backed Income. Watch it again here. If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here. If there is a guest speaker you’d particularly like to hear from, please email us – […]
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07 Oct 2019 6 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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05 Apr 2019 4 min read
QuotedData’s economic roundup – April 2019
Kindly sponsored by Polar Capital Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
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12 Oct 2018 1 min read
QuotedData’s Economic round up – October 2018
QuotedData’s Economic round up – October 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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13 Oct 2016 1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
News
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27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
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06 Nov 2024 1 min read
QuotedData’s morning briefing 6 November 2024 – GABI, BOOK, GRID, CREI
In QuotedData’s morning briefing 6 November 2024: GCP Asset Backed Income Fund (GABI) announced a quarterly dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.58125 pence per ordinary share. The board also confirms that the second compulsory redemption will total £45.0m at a price of 89.33875 pence per […]
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19 Sep 2024 2 min read
QuotedData’s morning briefing 19 September 2024 – GABI, VNH, VEIL, CGL, NRR
In QuotedData’s morning briefing 19 September 2024: GCP Asset Backed Income Fund (GABI) announced its interim results for the six months to 30 June. The main development for the period was the decision to undertake a managed wind-down of the company and realise all existing portfolio assets. Strong progress was made in this regard with […]
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04 Jun 2024 2 min read
QuotedData’s morning briefing 4 June 2024 – ROOF, CRS, HOME, LMP, SMIF, GABI
In QuotedData’s morning briefing 4 June 2024: Atrato Onsite Energy (ROOF) has bought a solar portfolio for £9.3m, using money from its revolving credit facility. The portfolio includes three solar assets with a total capacity of 13MW and comprises: 7.7MW of solar PV systems situated on residential rooftops owned by three different UK housing associations […]
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30 May 2024 1 min read
GCP Asset Backed ends all offer talks, will start handing back cash
Since GCP Asset Backed Income announced a strategic review on 13 December 2023, the board received several approaches from third parties to acquire the company. The board gave several of them access to detailed due diligence information. None of the potential offerors made a proposal at a level which, in the board’s opinion and taking […]
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08 May 2024 1 min read
GCP Infrastructure delivers first step in capital allocation policy
GCP Infrastructure has released an investor report for the three month period to March 31. The company’s NAV fell 2% due predominately to a change in the March 2024 OBR inflation forecast. Power price forecasts also had a negative impact. Post period end, on 26 April 2024, the company also noted that it has disposed […]
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25 Apr 2024 2 min read
Challenging year for GABI as wind down looms
GCP Asset Backed Income Fund (GABI) announced its annual report for the year end 31 December 2023. The company delivered a NAV total return of 5%, although the share price total return was -14.1%, leading to a large increase in the discount which now sits at 27%. The company did announce profits of £18.3 million […]
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15 Mar 2024 1 min read
QuotedData’s weekly news show 15th March 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson EuroTrust / Henderson European Focus (0:53) • GCP Asset Backed Income (5:36) • Scottish Mortgage (7:41) • Regional REIT (11:02) This week’s interview was with […]
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14 Mar 2024 2 min read
GCP Asset Backed Income will recommend discontinuation
The GCP Asset Backed Income board has been talking to shareholders about the way forward for the company. Feedback on the future strategic direction came from shareholders representing a majority of the total voting rights in the company. Whilst differing views have been expressed by shareholders, a majority indicated a preference for an orderly realisation or […]
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05 Mar 2024 1 min read
QuotedData’s morning briefing 5 March 2024 – GABI, AAIF, HOME
In QuotedData’s morning briefing 5 March 2024: The shareholder consultation exercise that GCP Asset Backed Income (GABI) was undertaking in connection with its strategic review is complete. Shareholders have expressed a broad range of views. Expect to see an announcement on the way forward in the week beginning 11 March 2024.That could include selling the […]
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02 Feb 2024 4 min read
QuotedData’s morning briefing 2 February 2024 – AGA, GRID, HGT, BCPT, RGL, GCP, SHIP, GABI, VEIL, CGL
In QuotedData’s morning briefing 2 February 2024: On 1 February 2024, Apax XI Fund announced that it had closed the acquisition of WGSN, a consumer trend forecaster, from Ascential Plc. Apax Global Alpha (AGA), which is a limited partner in Apax XI, says that it has invested approximately €21.5m in WGSN on a look-through basis […]
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01 Feb 2024 2 min read
QuotedData’s morning briefing 1 February 2024 – CVCE, CVCG, GABI, THRL, API
In QuotedData’s morning briefing 1 February 2024: CVC Income & Growth (CVCE / CVCG) is holding a tender offer in March. As part of this it is offering shareholders the chance to sell their shares on to third parties rather than wait for the tender. The broker Winterflood will try to sell the shares but […]
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29 Jan 2024 2 min read
GCP Asset Backed Income updates on strategic review
GCP Asset Backed Income has published more information on its portfolio and its strategic review. In addition, an updated portfolio report is now on the company’s website at https://www.graviscapital.com/funds/gabi-strategic-review/literature. Portfolio repayment profile As at 31 December 2023, the company was invested in a portfolio of 42 asset backed loans with a weighted average loan duration […]
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25 Jan 2024 2 min read
QuotedData’s morning briefing 25 January 2024 – IAT, CORD, GRIT, GABI, AEWU, WKP
In QuotedData’s morning briefing 25 January 2024: Invesco Asia (IAT) says that from 1 May 2024, its two co-portfolio managers will swap roles, with Fiona Yang taking the lead from Ian Hargreaves, but will both continue to work very closely together on the portfolio. The directors say that they have been impressed by Fiona’s contribution […]
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22 Dec 2023 3 min read
QD – review of the year
This is the last of our weekly emails for 2023. We hope that you have been finding them useful. We will be publishing our annual roundup in January. Ahead of that however, I thought it might be worth pulling out a few of the year’s highs and lows. In January, China’s market shone as hopes […]
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18 Dec 2023 1 min read
QuotedData’s morning briefing 18 December 2023 – USF, GABI, JZCP, RC2
In QuotedData’s morning briefing 18 December 2023: US Solar (USF) has announced that six of its Oregon projects have signed new long-term contracts to sell Renewable Energy Certificates (RECs). The REC contracts and revised estimates of future REC prices are expected to increase USF’s NAV by c.$7.6m based on the 30 September NAV ($286.3 million) […]
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13 Dec 2023 2 min read
Strategic review for GCP Asset Backed Income
GCP Asset Backed Income Fund announced it has commenced a strategic review following the company’s announcement on 18 September 2023 that it had ceased merger discussions with GCP Infrastructure Investments Limited and that the board would propose a continuation vote at its AGM to be held in May 2024. The decision to commence the strategic […]
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22 Sep 2023 1 min read
QuotedData’s weekly news update 22nd September 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • HICL Infrastructure (0:25) • GCP Infrastructure/GCP Asset Backed Income (2:24) • HydrogenOne Capital Growth (7:46) • Nippon Active Value (12:00) • Pollen Street (13:22) […]
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18 Sep 2023 2 min read
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 […]
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1 min read
QuotedData’s morning briefing 18 September 2023 – HICL
In QuotedData’s morning briefing for 18 September 2023: HICL Infrastructure (HICL) has announced that it has entered into an agreement to sell its investment in Bradford Schools PPPs for £37m. This sale represents an 8% premium to its valuation at 31 March 2023. The sale represents HICL’s entire stake in the entities, which are two […]
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24 Aug 2023 1 min read
QuotedData’s morning briefing 24 August 2023 – CORD, PEY, NBMI, GABI
Cordiant Digital Infrastructure (CORD) announced that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5m. The equity consideration of €97 million will be funded […]
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11 Aug 2023 1 min read
QuotedData’s weekly news show 11th August 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • GCP Infrastructure / GCP Asset Backed Income / RM Infrastructure (0:40) • Nippon Active Value / Atlantis Japan Growth (13:56) • HydrogenOne Capital Growth […]
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6 min read
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 […]
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07 Jul 2023 1 min read
QuotedData’s morning briefing 7 July 2023
In QuotedData’s morning briefing 7 July 2023: GCP Asset Backed Income (GABI) has extended its £50m revolving credit facility (RCF), with Royal Bank of Scotland International Limited, that was due to mature in August 2023, by 12-months to August 2024. The terms are the same as for the previous facility. The current drawn balance on […]
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25 Apr 2023 2 min read
QuotedData’s morning briefing 25 April 2023
GCP Asset Backed Income Fund (GABI) announced its quarterly update for the period ended 31 March 2023. NAV increased 0.24% over the three months driven by an increase in the weighted average annualised yield on the investment portfolio, from 8.0% as at 31 December 2022 to 8.4% as at 31 March 2023 and from the […]
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14 Apr 2023 1 min read
QuotedData’s weekly news show 14th April 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Ashoka WhiteOak Emerging Markets (0:43) • GCP Asset Backed Income (5:42) • Industrials REIT (12:42) This week’s interview was with Stephen Inglis from Regional REIT […]
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3 min read
GCP Asset Backed Income seeing exciting new opportunities
GCP Asset Backed Income (GABI) has published its annual results for the year ended 31 December 2022. The year saw continued challenges for GABI, with the headwinds in the UK economy, and the availability of a broader range of income producing investments arising from increased interest rates. While these factors have contributed to GABI trading […]
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11 Oct 2022 2 min read
QuotedData’s morning briefing 11 October 2022
In QuotedData’s morning briefing 11 October 2022: GCP Asset Backed Income (GABI) has been informed by Gravis Capital Management that David Conlon, the lead fund manager and member of its investment committee, has decided to leave Gravis and will be relinquishing responsibility for the management of the portfolio with effect from 10 October 2022. Joanne […]
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19 Jul 2022 2 min read
QuotedData’s morning briefing 19 July 2022
In QuotedData’s morning briefing 19 July 2022: In GCP Asset Backed Income’s (GABI) latest NAV (as at 30 June 2022), the co-living group loan (discussed on our weekly show on 8 July) has been revalued, taking 1.21p off the NAV. The directors took advice from the company’s valuation agent and investment manager, considered a range […]
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24 Mar 2022 2 min read
Co-living loan dents otherwise reasonable year for GCP Asset Backed
GCP Asset Backed Income has announced results for 2021. Highlights are: Dividends of 6.30p declared, including a dividend of 1.575p for the quarter to 31 December 2021, which was paid post year end. Total shareholder return of 13.2%, total NAV return of 3.4% and an annualised total shareholder return since IPO of 5.3%. Profit for […]
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25 Feb 2022 1 min read
GCP Co-Living REIT pauses IPO process
The Board of GCP Co-Living REIT Plc has announced that, in light of the events in Ukraine over the last 24 hours, the decision has been taken to pause the marketing of the company’s initial public offering (IPO) for the time being. However, the company says that its prospectus that was published on 10 February […]
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04 Feb 2022 2 min read
QD view – co-living la vida loca
Here it is, the first potential investment trust launch of 2022. And it is certainly an interesting one. Gravis Capital Management made an intention to float announcement this week for GCP Co-Living REIT, looking to raise £300m. The new trust will acquire three assets that are transferring out of the Co-living Group. This is the […]
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03 Feb 2022 1 min read
QuotedData’s morning briefing 3 February 2022
In QuotedData’s morning briefing 3 February 2022: Gravis Capital Management plans to launch a new company GCP Co-Living REIT Plc which will acquire three assets that are transferring out of the Co-living Group. Readers may recall that Co-Living Group was a problem investment within the GCP Asset Backed Income (GABI) portfolio. The new REIT has […]
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23 Dec 2021 1 min read
QuotedData’s morning briefing 23 December 2021
In QuotedData’s morning briefing 23 December 2021: GCP Asset Backed Income (GABI) has been having issues with its loan to the Co-Living Group (which is currently in administration). An acquisition vehicle was established as planned and two of six agreed assets were transferred across to this vehicle. These two assets have subsequently been sold. Of […]
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17 Sep 2021 1 min read
QuotedData’s weekly news show 17 September 2021
QuotedData’s weekly news show 17 September 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: GCP Asset Backed Income Schroder UK Public Private Apax Global Alpha This week’s interview was with Robin Parbrook […]
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16 Sep 2021 3 min read
QuotedData’s morning briefing 16 September 2021
In QuotedData’s morning briefing 16 September 2021: GCP Asset Backed Income says that on 15 September 2021 certain entities within what it terms “the Co-living Group” were placed into administration. We highlighted the fund’s problems with this loan on Monday. GCP Asset Backed Income, its co-lenders and an operator have formed a syndicate to fund […]
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20 Aug 2021 2 min read
QuotedData’s morning briefing 20 August 2021
In QuotedData’s morning briefing 20 August 2021: EP Global Opportunities (EPG) has announced its interim results for the half-year ended 30 June 2021. At the half-year end, EPG’s NAV was 314.6p, an increase of 2.0% from the 31 December 2020 NAV of 308.4p. After taking account of the final dividend of 6.0p per share that was paid […]
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23 Mar 2021 1 min read
QuotedData’s morning briefing 23 March 2021
In QuotedData’s morning briefing 23 March 2021: Axiom European Financial Debt reports flat returns to shareholders and 1.7% return on NAV for 2020. NAV and share price falls were offset by income. The dividend was maintained at 6p and the company thinks this is sustainable in 2021. The report breaks down activity and returns month by […]
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26 Jan 2021 2 min read
QuotedData’s morning briefing 26 January 2021
In QuotedData’s morning briefing 26 January 2021: Apax Global Alpha is investing €20m (indirectly, through its investment in Apax X Fund) in PIB Group, a leading independent specialist insurance intermediary launched in 2015. PIB is a highly diversified insurance distribution consolidator focusing on specialist commercial lines and non-standard personal lines products with deep expertise across both direct […]
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04 Dec 2020 2 min read
Gravis Capital ties up with Orix Corporation
Gravis Capital Management Limited (Gravis), the manager of GCP Infrastructure, GCP Student Living and GCP Asset Back Income, has announced that it has entered into a strategic partnership with ORIX Corporation (ORIX) whereby ORIX will acquire a 70% equity stake in the Gravis business. ORIX is a diversified financial services group. The announcement says that ORIX’s […]
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15 Jul 2020 1 min read
QuotedData’s morning briefing 15 July 2020
GCP Asset Backed Income (GABI) said that so far, in the current financial year to 31 December, it has received all expected interest and principal on time and in full, while also generating significant fees from early loan repayments. In its outlook, GABI said: “The loan book continues to perform and the dividend remains fully covered. The […]
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21 Apr 2020 1 min read
QuotedData’s morning briefing 21 April 2020
In QuotedData’s morning briefing 21 April 2020, as US oil prices go negative for the first time: Yesterday Big Yellow announced plans to raise up to £80m via a placing of shares. It wants the money to buy land to expand its portfolio. It has 13 development sites, three of which are soon to complete (adding […]
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19 Mar 2020 2 min read
GCP Asset Backed Income expects to slow rate of deployment into new investments
Over GCP Asset Backed Income’s (GABI) annual results period to 31 December 2019, the company advanced loans of £89.4m advanced against 29 projects with a further £40.3m secured against five projects, advanced post year end. Over the period: Total shareholder return for the year of 10.2% (31 December 2018: 9.1%) and an annualised total shareholder return since […]
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17 Feb 2020 1 min read
QuotedData’s other news 17 February 2020
In QuotedData’s other news 17 February 2020 GCP Asset Backed Income has earned £1m from an early repayment fee as loans it had made that were secured against two co-living properties were repaid – the £49m freed up was immediately redeployed as £53m was lent to the same borrower. The new loan totals £140m (with the […]
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16 Jan 2020 1 min read
GCP Asset Backed Income credit facility increased
GCP Asset Backed Income (GABI), which invests in asset backed loans, has this morning announced that it has entered into an agreement with Royal Bank of Scotland International in respect of an increase to the revolving credit facility for an amount of £50m, split as £40m maturing in August 2020 (plus a 12-month extension option, […]
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25 Nov 2019 2 min read
QuotedData’s other news 25 November 2019
In QuotedData’s other news 25 November 2019 – Templeton Emerging Markets (TEM) reported half-year results to 30 September 2019 with NAV and the shares increasing by +6.3% +4.4% in total return terms, respectively. This compared with +2.2% from the MSCI Emerging Markets Index. Chairman, Paul Manduca, noted: “Given the current political background, equity markets are likely […]
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07 Nov 2019 1 min read
QuotedData’s other news 7 November
In QuotedData’s other news 7 November – 3i Infrastructure (3IN) delivered a 5.8% total return in its NAV over the half-year period to 30 September 2019. The company made a significant new investment in Ionisos (£186m) over the period and in October 3IN raised new equity worth £223m. GCP Asset Backed Income (GABI) has announced the […]
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25 Jun 2019 1 min read
QuotedData’s other news – 25 June 2019
In QuotedData’s other news – 25 June 2019 Supermarket Income REIT (SUPR) has announce a 12-month extension of the maturity date of its £100 million Revolving Credit Facility with HSBC from 30 August 2020 to 30 August 2021. SUPR says that the original terms of the facility are unchanged, and the facility contains one further […]
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29 Mar 2019 2 min read
GCP Asset Backed Income shareholders earn 9.1% return in 2018
GCP Asset Backed Income shareholders earn 9.1% return in 2018 – GCP Asset Backed Income (GABI) had a good 2018 (to December 31) with shareholders earning a total return of 9.1%. The company, which at the end of 2018 had a total loan book of £372.3m, typically lends in the £5m-20m range, an area most […]
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In The Press
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22 Oct 2024 1 min read
Shuttered infrastructure trusts struggle in buyers’ market
by Val Cipriani, Investors Chronicle, October 21, 2024: Packing up the house always takes longer than you think. For investment trusts that have started the winding-up process, clearing the portfolio can be long and complicated, especially when illiquid assets need to be offloaded. Earlier this month, beleaguered infrastructure trust Digital 9 Infrastructure (DGI9), which is […]
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21 Aug 2024 1 min read
Debt funds’ new lease on life
By James Carthew, QuotedData, 20 August 2024: The 0.25% reduction in the Bank of England base rate on 31 July may not sound much but it marked the first interest rate cut in four years and signalled that the UK’s bout of elevated inflation that began in April 2021 was finally under control. A lot […]
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13 May 2024 1 min read
This investment trust sector yields 9% – is it too good to be true?
by Sam Benstead from interactive investor, 8th May 2024: Rising interest rates have knock-on effects for all investments – but one of the most important impacts is on bond markets. When rates rise, so do the returns that investors demand from fixed income. This leads to higher yields as a result of falling prices for […]
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08 Apr 2024 1 min read
Investment trust insider on GCP Asset Backed Income
Investment trust insider on GCP Asset Backed Income – James Carthew: Good funds like GABI shouldn’t wind up at a market low Last week I speculated about the possibility of Abrdn Property Income (API) shareholders opting to continue as a real estate investment trust rather than proceeding with a managed wind-down after its proposed merger with […]
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18 Dec 2023 1 min read
Investment trust insider on 2023
Investment trust insider on 2023 – James Carthew: Dramatic 2023 leaves sector radically different The rationalisation of the sector continues. There has been a flurry of announcements over the past couple of weeks: Abrdn Diversified Income and Growth (ADIG) announced a managed wind down; Triple Point Energy Transition (TENT) declared it will begin an orderly […]
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30 Nov 2023 1 min read
Debt investment trust yields stand out – but are they safe?
by Dave Baxter, Investors’ Chronicle, November 29, 2023: The sharp rise in bond yields has had inescapable implications for many an asset class. With the UK 10-year government bond offering a ‘risk-free’ yield of more than 4 per cent, anything racier needs to justify its place in a portfolio with superior growth or income. A […]
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10 Nov 2023 1 min read
QuotedData’s Matthew Read: Time to talk about discounts
Matthew Read, Investment Week, 09 November 2023: Investment trust ratings, like equity markets in general, have for the past 18 months been impacted by the higher rates of inflation and the interest rate rises that have accompanied these. Longer duration assets – such as growth stocks that tend to have a higher proportion of their […]