GCP Infrastructure (GCP) has seen a dramatic improvement in the tailwinds supporting its investment thesis, whereby the rise in UK inflation and power prices has driven a substantial, positive uplift in GCP’s NAV. This uplift has more than made up for the negative impact of the UK government’s levy on energy producers. GCP has also made major strides in the quality of its ESG disclosures.
However, GCP has moved to trade on a historically wide discount, currently 14.7%. This may be a reflection ....
