In recent months, despite its attractive yield, 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. We believe that some investors may have been unnerved by falls in its NAV. These falls relate to increased corporation tax rates and reductions in long-term power price estimates. These a ....
01 Jul 2021
Penalised for being conservative?
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Penalised for being conservative?
GCP Infrastructure Investments Ltd GBP (GCP:LON) | 72.8 0.1 0.3% | Mkt Cap: 654.3m
- Published:
01 Jul 2021 -
Author:
James Carthew | Matthew Read | Jayna Rana - Pages:
In recent months, despite its attractive yield, 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. We believe that some investors may have been unnerved by falls in its NAV. These falls relate to increased corporation tax rates and reductions in long-term power price estimates. These a ....