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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gore Street Energy Storage Fund Plc | LSE:GSF | London | Ordinary Share | GB00BG0P0V73 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.30 | -0.50% | 59.50 | 1,000,658 | 16:35:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 59.50 | 60.50 | 60.40 | 59.50 | 59.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 73.29M | 63.41M | 0.1317 | 4.53 | 286.91M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:25 | UT | 12,749 | 59.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/5/2024 | 15:39 | UK RNS | Gore Street Energy Storage Fund PLC Director Declaration |
| 28/3/2024 | 11:58 | UK RNS | Gore Street Energy Storage Fund PLC Director/PDMR Shareholding |
| 28/3/2024 | 10:13 | UK RNS | Gore Street Energy Storage Fund PLC Total Voting Rights |
| 25/3/2024 | 17:31 | ALNC |  EARNINGS AND TRADING: RTC back in profit but Goldplat earnings fall |
| 25/3/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Issue of Equity |
| 12/3/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Unaudited Quarterly NAV and Dividend.. |
| 11/3/2024 | 16:05 | UK RNS | Gore Street Energy Storage Fund PLC Holding(s) in Company |
| 05/2/2024 | 20:23 | ALNC | TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return |
| 05/2/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Further Portfolio and Trading Update |
| 10/1/2024 | 14:23 | ALNC | Gore Street Energy Storage Fund hails stability of revenue |
Gore Street Energy Storage (GSF) Share Charts1 Year Gore Street Energy Storage Chart |
|
1 Month Gore Street Energy Storage Chart |
Intraday Gore Street Energy Storage Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/5/2024 | 21:27 | Gore Street Energy Storage Fund | 1,460 |
| 01/11/2023 | 21:57 | ::: Gore Street Energy Storage Fund PLC ::: | 569 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 01/5/2024 09:20 by Gore Street Energy Storage Daily Update Gore Street Energy Storage Fund Plc is listed in the Finance Services sector of the London Stock Exchange with ticker GSF. The last closing price for Gore Street Energy Storage was 59.80p.Gore Street Energy Storage currently has 481,399,478 shares in issue. The market capitalisation of Gore Street Energy Storage is £286,914,089. Gore Street Energy Storage has a price to earnings ratio (PE ratio) of 4.53. This morning GSF shares opened at 59.50p |
Posted at 01/5/2024 07:55 by bountyhunter The GSF yield is 12.8% with the dividend maintained or increased every year since first paid in 2018. From an income perspective GSF has performed well although the share price doesn't reflect this. |
Posted at 30/4/2024 20:36 by alan pt @Cocopah Not arguing with your personal decision, but it does depend on your assessments & expectations1) How much you paid is irrelevant (sunk cost fallacy) 2) What is your expected holding timeframe? 3) What return do you expect to get over that timeframe? 4) Do other investment opportunities offer less return (then hold), equal return (then sell some and spread risk), or more return (then sell all) If you expect, for example, a 40% return on current GSF price by end of year and you can't see any other similar opportunities then indeed selling would be ridiculous It is very hard to do this consistently, even for professional investors. We all become somewhat emotionally invested in things where we are financially invested (often unreasonably positively, sometimes unreasonably negatively when we have been burned). As a past and current DGI9 investor I recognise my own failings in this respect :) |
Posted at 29/4/2024 08:11 by fordtin This link should start at 26m42s26:43 questions more specifically for James's portfolio manager, James can you say more about what battery storage assets you see most attractive and why do you consider that the current prices of GRID and others are an overreaction of recent problems? 27:00 Yes that's a good question, what I would say is that all three are trading now at a discount to replacement cost, so if you had to go out and build those assets it would cost considerably more than their implied value. Given their share prices in terms of ones we own, we actually own all three. We were big sellers of GRID and Harmony HEIT toward the end of last year. So they were much smaller parts of the portfolio than Gore Street, which is GSF. And the reason we did that was, and I should say we sold them at quite considerably higher prices than they're currently trading at today, and the reason we did that is that revenues were actually falling off for quite a way over last year as the frequency market became rather saturated. Now the key differentiate between these three companies is that Gore Street is a much more international business in terms of it has assets in Ireland and also in in the US, and a small one in Germany as well. Now, if you take Gore Street's NAV, and you assume that it's UK operations are totally worthless and just value the US and the Irish and German assets, you still come out, I mean I worked it out at 72 P, so I'd encourage people to do their own calculations, but you know it's easy enough to do. So, the shares are implying that the UK assets are worthless and there's a discount on the US and the Irish assets, which have actually continued to perform very well. So that's why we have quite a considerably higher holding in Gore Street than the other two. Now, one thing that's been happening recently, which should work to the advantage of the predominantly UK ones, so Gresham, GRID and Harmony HEIT, is that the UK's or National Grids balancing market system, whereby batteries will be full participants in the balancing Market, which has taken a while to get off the ground, now does seem to be hitting its stride and both those companies GRID and Harmony have recently reported improved revenues over March and in to April. Whereas the share prices don't seem to have reacted quite in the way that I would have imagined. So, yeah, and that's a kind of long roundabout way of saying I'm not allowed to say whether they're expensive or cheap, but, yeah, the market doesn't seem to have given them, I think, the credit they deserve. And the market just seems to be rather fixated on the very low revenue environment that we saw in January and February, and doesn't really attribute any improvement in revenues that we've actually seen coming through over the past month or two. 30:05 okay um and then uh the next question (Apologies to the interview participants for any errors in punctuation) |
Posted at 20/4/2024 14:24 by cocopah I absolutely see the benefit of investing in different jurisdictions, especially the USA. My problem is that it’s difficult to see through the opacity with respect to revenue generation in the short-term or fully understand whether our 1 hour batteries is the optimal way to benefit from the different revenue stacks. Either way, it’s clear that the jury is out when it comes to the market analysts being convinced about income and dividend cover, which is seriously holding back share price performance.Initially, I wanted to hold this share for the long-term, with a stable share price for income. However, now, when the market improves, I will be looking to exit and seek a safer haven for income. Whilst communication has improved somewhat, I do believe that they could be more upfront (and I’ve given many examples on previous posts). From memory the next update is in July so it’s just fingers crossed until then.🤷 |
Posted at 15/4/2024 16:01 by loglorry1 He did say that which is a huge red flag when they have sunk costs into so many expensive batteries which currently produce miniscule revenues. Anyway I have no massive beef with GSF but "batteries are the future" -> "GSF to the moon" mentality is really missing so so much. On the more positive side the share price already reflects a lot of the prior mistakes. |
Posted at 04/4/2024 09:27 by cc2014 With regard to the share price and the "relentless selling", what I'm seeing across a large number of IT's is some very poor trade execution by whoever is selling.I believe these are being done by execution only clients who do not know what they are doing and are placing market orders at best (or perhaps at limit) which are far larger than NMS. There's just a constant flow of these, because if you are being asked to pay interest at say 7% on your mortgage, it makes sense to sell down your share portfolio to reduce borrowings even if you get a poor price. On top of this there's another flow of sells from wealth managers needing cash for the same reason but at least they have a decent balance of price and volume execution. Having said all this, it's my belief that the wealth managers are choosing the wrong stocks to sell and driving the prices of some of the IT's down too far. Of course as soon as interest rates start falling, the same managers who have been selling will soon be buying back at higher prices. I'm happy to take their money off them although timing the perfect place to buy at the best possible price is impossible. |
Posted at 16/3/2024 10:48 by cc2014 Hi,I have been wondering how to phrase this so it might not come over as well as I would like but I am find the negative comments frustrating. Now, we've all purchased shares which have gone in the wrong direction and I think it's fair enough to vent and it's certainly something I have done in the past and I'm sure I will do again in the future, but there's something about being constructive as well. I'm not sure the comments about lack of visibility on revenue is valid. GSF are telling us monthly what the price per unit is and the volume is fixed and published. Most investment trusts only update quarterly and some only twice a year. Here's some information that might cheer you up GSF are on ERCOT in the US. As you can see from the article prices reached nearly £800/MWh on 4th March whereas we are plodding along at about £5 in the UK. Now the US is a big place and although I know GSF are on ERCOT I don't know if GSF are in the right part of ERCOT and took advantage of this or not but it demonstrates the difference in revenue by jurisdictions. GSF may or may not have invested in the US by design or accident but either way it's good for us and that's what matters. |
Posted at 27/1/2024 14:43 by waterloo01 The yield will reduce when/if the share price recovers. With a NAV that really should be increasing year on year, with very low debt levels, and hopefully more than 1:1 divi cover this year, I don't see the need for GSF to change the formula. It's the share price that's wrong.The damage was done last year when prices in the UK went through the floor. Even the Jefferies report suggest the UK will be back in balance later in 24, and the report, which would have been useful 9 months ago, but regardless GST best of the bunch by a mile. |
Posted at 27/1/2024 07:26 by nickelmer Looking at the share prices of GRID and HEIT relative to GSF I suspect the market is starting to price in the fact that GSF's global portfolio will ultimately deliver higher revenues, heaven knows where the bottom is in these 3 shares, but, I feel that GSF will be the cleanest shirt in a dirty laundry basket |
Posted at 25/1/2024 16:19 by daveoz1 Interesting renewable uk link. Barnaby Wharton: "It’s great to see that our battery storage pipeline has grown by over-two-thirds over the last year, as this demonstrates that there’s a huge appetite among investors to enter this rapidly growing market." Hmmmm..he can't spend a lot of time tracking the GSF share price... |
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