Gore Street Energy Storage Share Discussion Threads

[marksp2011] 06/5/2024 14:25

The nav rises as they move towards income generation and takes account of WIP that any buyer would need to purchase

[stemis] 02/5/2024 12:57

If it was they wouldn't, but it generally isn't..

[fordtin] 02/5/2024 12:49

If the cost of purchasing the components and assembling them into a functional product is the same as the resale value of the assembled and functioning product, why do companies ever bother manufacturing anything?

[scrwal] 02/5/2024 12:44

Fordtin
The physical assets will have a value but there is no impact on the NAV.
At the start of any project when you purchase the components you will either pay cash,finance it or a mixture. The initial impact on NAV is zero as the increase in asset cost is offset by the reduction in cash/increase in borrowing.

[fordtin] 02/5/2024 11:47

"Because the NAV is simply a discounted future cashflow of the asset (based on forecasts produced by the company) and energising of the asset doesn't change that"


Are you saying the actual physical components of an asset have no value at any time before and during assembly, or even after energisation?

[stemis] 02/5/2024 11:37

One of the things I don’t get about this type of business is, why the NAV doesn’t change when a development project is energised.

Because the NAV is simply a discounted future cashflow of the asset (based on forecasts produced by the company) and energising of the asset doesn't change that

[cocopah] 02/5/2024 11:30

#Miandaj … just go onto Alex’s feed on LinkedIn and look at the posts he has shared over the last couple of days.

You will find two of interest.👍🏻😎

[mirandaj] 02/5/2024 10:26

Cocopah,

I can't find what you mentioned in 1459? but this part of a post was interesting:

"Dr Dirk Höring, Member of the Executive Board, HDI Global SE, said:

We are delighted to be working with ACCURE, alongside Gore Street Capital and PIB, to provide an innovative, risk-managed solution that incorporates ACCURE’s battery safety intelligence for BESS risks.

“By combining the technology expertise of HDI TH!NX with our deep underwriting and risk engineering capabilities, we create solutions to support clients through times of transformation.̶1;

Andrew Sinclair, Head of Renewable Energy Practise at PIB Insurance Brokers, added:

We are thrilled to deliver this bespoke policy to Gore Street Capital, which recognises the benefits of combining improved risk management, performance, safety, revenue and cost for its energy storage portfolio to ultimately deliver greater value for investors.

ACCURE’s predictive analytics software uses AI, field data and modelling to detect irregular battery cell behavior, diagnose battery health and recommend corrective action for any problems identified. The platform gives energy storage providers more control and lead time to address critical issues, ensuring their battery systems run safely and at peak performance."

[fordtin] 02/5/2024 08:33

One of the things I don’t get about this type of business is, why the NAV doesn’t change when a development project is energised.

If a fully operational asset is valued the same as a pile of unassembled components sitting in a field, why waste several years having vast amounts of capital tied up in development projects, instead of purchasing fully operational plants which are already generating revenue?

[george stobbart] 01/5/2024 21:27

Blue horseshoe loves GSF. RNS incoming

[cocopah] 01/5/2024 21:09

There was a solar storage conference yesterday in London and the CEO of GSF (Dr Alex O’Cinneide) has shared some posts from the conference on LinkedIn. Well worth a read especially as one post focuses on Ercot in Texas and also the California market. Not sure that I understood all of the detail but it was insightful. Hope you all get to have a look-see.

[daveoz1] 01/5/2024 17:29

Waterloo 1441: Blue horseshoe loves GSF. I googled it (you'd think I had something better to do with my time, wouldn't you..). 'The movie Wall Street uses the phrase, "Blue Horseshoe loves Anacot Steel," as a code for insider trading.' You're welcome, everyone.

[fordtin] 01/5/2024 14:13

There's bound to be one by the Umpteenth of NoWonder Plenty PlentyFour

[bountyhunter] 01/5/2024 13:13

an RNS is obviously coming, any particular date?

[george stobart] 01/5/2024 10:35

Thanks scruff, as I said I never promise I only guarantee

[scruff1] 01/5/2024 09:54

One thing for absolute certain - an RNS is coming. Well spotted George. Hope the haulage business is ok.

[keyno] 01/5/2024 09:19

Why oh why do these boards attract so many loonies?

GS back on filter ......

[return_of_the_apeman] 01/5/2024 09:17

If you were searching for a label, the uncovered but attractive yield surely has made this a classic dividend trap stock

[george stobart] 01/5/2024 08:58

RNS is coming. Wait and see.

I never promise returns, I only guarantee

[cousinit] 01/5/2024 08:46

A lot of trusts seem to trade in very strange ways of late. Much of previous buying was in open ended multi asset/income funds. If they have redemptions and need to raise cash, they can only hold back on cheap names for so long. Potential buyers can drive hard bargains as any PI buying can only soak up so much.

[scruff1] 01/5/2024 08:09

CC2
Agreed. Currently this is pretty much a non stock. The share price performance is dire. The yield is fine if you are buying in at this dire level not so fine if like me you have bought much higher and you wouldnt put your neighbours house on it being maintained.
Most of us on here have been following this for years and still havent really got a clue where it is going or why? Of all my stocks this is the one that I feel I have the least understanding or control.

[bountyhunter] 01/5/2024 07:55

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.

[cc2014] 01/5/2024 07:53

I'm with Alan on this one. The price invested at is irrelevant. The only consideration is a view on where the share price goes next. Everything is about the opportunity cost of investing elsewhere

I'm also struggling to see this an income stock. "Income stocks" tend to be slow and steady, certainly not as volatile as this on. Also, describing it as an income stock when the other two competitors GRID and HEIT seems odd. Income stocks without income.