GCP Infrastructure Investments Ltd Update research from QuotedData
July 20 2021 - 4:59AM
RNS Non-Regulatory
TIDMGCP
GCP Infrastructure Investments Ltd
20 July 2021
GCP Infrastructure - Update research from QuotedData
1(st) July 2021
Penalised for being conservative?
In recent months, despite its attractive dividend yield (6.9% at
the time of publication), GCP Infrastructure (GCP)'s shares moved
to trade on a small discount to its net asset value, which is
unusual both for funds in the infrastructure sector (where GCP
sits) and the renewable energy sector, which is a better match for
the majority of GCP's portfolio. As the figures on page 18 show,
even today, when GCP's shares have recovered to trade at a small
premium to asset value, it remains one of the cheapest funds in
both sectors.
We believe that some investors may have been unnerved by falls
in GCP's net asset value (NAV). These falls relate to increased
corporation tax rates and reductions in long-term power price
estimates. These are factors that affect competing funds too, yet
GCP's rating seems to have been disproportionately and perhaps
unjustly affected.
Full research:
https://quoteddata.com/research/gcp-infrastructure-penalised-conservative/
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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
the important information at the back of this note. QuotedData is a
trading name of Marten & Co Limited which is authorised and
regulated by the FCA. 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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