Update research from QuotedData
GCP Infrastructure - Update research from QuotedData
7th February 2023
Green is good
CP Infrastructure (GCP) has seen a dramatic improvement in the tailwinds supporting its investment approach. The rise in UK inflation and power prices has driven a substantial, positive uplift in its net asset value (NAV). This uplift has more than made up for the negative impact of the UK government's new levy (windfall tax) on energy producers. GCP has also made major strides in the quality of its ESG disclosures.
However, the company's shares have moved to trade on a historically wide discount to NAV, currently 14.7%. As we explain in this note, this may be a reflection of the wider pressure on bond yields that has been felt globally, although as a result, GCP now offers an attractive dividend yield of 7.2%, one of the highest yields of its peer group.The market sell-off of logistics-focused companies has seen EBOX's share price fall to a 49.3% discount to net asset value (NAV). This is staggering, given that the fundamental characteristics in the European logistics market are still favourable.
Full research:
https://quoteddata.com/research/gcp-infrastructure-green-good-qd/
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NB: Marten & Co was paid to produce this note on GCP Infrastructure 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.
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