GCP Infrastructure Investments Ltd Update from QuotedData
21 Agosto 2023 - 5:30AM
RNS Non-Regulatory
TIDMGCP
GCP Infrastructure Investments Ltd
21 August 2023
GCP Infrastructure - Update from QuotedData
21(st) August 2023
Merger to unlock compelling value?
GCP Infrastructure Investments (GCP) has announced a potential
three-way merger between it, GCP Asset Backed Income (GABI), and RM
Infrastructure Income (RMII). As we explore in this note, this has
the potential to address some of the issues that may have given
rise to GCP's exceptionally wide share price discount to its
NAV.
Following a period of impressive NAV growth through 2022, GCP's
half-yearly report for the six months ending 31 March 2023 and the
recently published end-June NAV showed a period of consolidation
for the fund, as falling energy prices and higher discount rates
(the rates used to discount GCP's future cashflows to calculate its
NAV) have weighed on returns. GCP has moved to trade on a 34.3%
discount to NAV and a 9.8% dividend yield. Despite this, the
underlying performance of GCP's assets has continued to
improve.
The outlook for investors remains as promising as ever thanks to
a broad range of supportive conditions.
Full Research:
https://quoteddata.com/research/gcp-infrastructure-merger-unlock-compelling-qd/
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NB: Marten & Co was paid to produce this note on GCP
Infrastructure Investments Limited and it is for information
purposes only. It is not intended to encourage the reader to deal
in the security or securities mentioned in this report. Please read
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regulated by the Financial Conduct Authority. Marten & Co is
not permitted to provide investment advice to individual investors
categorised as Retail Clients under the rules of the Financial
Conduct Authority.
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