GCP Asset Backed Income Fund Limited (GABI)

Sector:

Investment Firms

Index:

FTSE Small Cap

75.60p
   
  • Change Today:
    -0.60p
  • 52 Week High: 79.00p
  • 52 Week Low: 52.60p
  • Currency: UK Pounds
  • Shares Issued: 266.02m
  • Volume: 151,752
  • Market Cap: £201.11m

GCP Asset Backed agrees increase in revolving credit facility

By Josh White

Date: Tuesday 16 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Asset backed loans investor GCP Asset Backed Income Fund announced on Tuesday that it had entered into an agreement with Royal Bank of Scotland International for an increase to the revolving credit facility.
The London-listed fund initially entered into the facility on 13 January 2017, and extended it on 21 August 2018.

It said the increased revolving credit facility was for an amount of £50m, split as £40m maturing in August 2020 plus a 12-month extension option, with lender approval, charged at a rate of LIBOR plus 2.10%, and £10m maturing in December 2019 charged at a reduced rate of LIBOR plus 1.70%.

As of Tuesday, £28m had been drawn down.

"It is intended that the revolving credit facility will be used to take advantage of attractive investment opportunities identified by the company's investment manager, Gravis Capital Management," the GCP Asset Backed board said in its statement.

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GABI Market Data

Currency UK Pounds
Share Price 75.60p
Change Today -0.60p
% Change -0.79 %
52 Week High 79.00p
52 Week Low 52.60p
Volume 151,752
Shares Issued 266.02m
Market Cap £201.11m

GABI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.72% above the market average5.72% above the market average5.72% above the market average5.72% above the market average5.72% above the market average
64.98% above the sector average64.98% above the sector average64.98% above the sector average64.98% above the sector average64.98% above the sector average
Price Trend
40.29% above the market average40.29% above the market average40.29% above the market average40.29% above the market average40.29% above the market average
40.49% above the sector average40.49% above the sector average40.49% above the sector average40.49% above the sector average40.49% above the sector average
Income
7.87% above the market average7.87% above the market average7.87% above the market average7.87% above the market average7.87% above the market average
43.12% above the sector average43.12% above the sector average43.12% above the sector average43.12% above the sector average43.12% above the sector average
Growth
86.16% above the market average86.16% above the market average86.16% above the market average86.16% above the market average86.16% above the market average
77.85% above the sector average77.85% above the sector average77.85% above the sector average77.85% above the sector average77.85% above the sector average

GABI Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 02-May-24 15-Feb-24
Paid 04-Jun-24 15-Mar-24
Amount 1.58p 1.58p

Trades for 22-Jul-2024

Time Volume / Share Price
16:35 100 @ 75.60p
16:35 84 @ 75.60p
16:35 8 @ 75.60p
16:35 6 @ 75.60p
16:35 2 @ 75.60p

GABI Key Personnel

Chair Alexander Anders Ohlsson

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