Annual Overview from QuotedData

GCP Infrastructure Investments Ltd

24 January 2025

 

GCP Infrastructure - Annual Overview from QuotedData

24^th January 2025

Consolidate and capitalise

For most of 2024, financial conditions had finally started to turn favourably for infrastructure investors. Inflation had dropped sharply from the previous year, allowing the Bank of England to begin its interest rate cutting cycle, while the new government's ambitious plans for infrastructure development provided a renewed sense of optimism across the sector. These green shoots were evidenced by GCP's annual results, which showed a total shareholder return of 28.4%, leading to a significant narrowing of its stubborn discount to net asset value (NAV). Unfortunately, a negative reaction to the UK budget, and concerns around the inflationary impact of US tariffs, saw the yield on UK gilts retrace their highs, erasing some of these gains.

Despite this, we remain increasingly optimistic about GCP's prospects as it continues to execute on its capital recycling programme (see page 8). Coupled with improving market conditions, an impressive policy backdrop, and its long track record of capitalising on changing market dynamics, we believe there is a considerable opportunity for investors at current prices.

Full Research:

https://quoteddata.com/research/gcp-infrastructure-consolidate-and-capitalise-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note 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 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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