Gore Street Energy Storage Share Discussion Threads

[brucie5] 01/2/2024 09:50

Hmm. Looks like there might be another opportunity to buy at 60p.
According to AIC discount currently showing at 37.64 and dividend at 10.74.

Their recent statement included these two paragraphs, which I liked:

"Strong Revenue Stability Continues: the Company achieved an
estimated quarterly revenue of £15.1/MW/hr, consistent with the £15.1/MW/hr
generated during FY H1. This stable revenue profile has been achieved through
the Company's diversified portfolio incorporating multiple uncorrelated
markets, system chemistries and durations. The Company's Northern Irish
assets, for example, delivered record high estimated revenue of £31.4/MW/hr
during FY Q3, building on the strong revenue performance of the Company's
Texas portfolio during FY Q2. The seasonal patterns of revenue generation
across grids aligns with expectations and emphasises the significance of
uncorrelated revenue cycles between markets, underscoring the advantages of
activity across diverse, uncorrelated grids within an energy storage
portfolio."

And-

"Looking ahead, we anticipate the Company's most pivotal year yet with
operational capacity scheduled to expand to over 800 MW, including 200 MW
coming online in the Company's fifth market to date; potential capital
recycling; and a strengthening dividend cover from a diverse source of revenue
streams. The Company is poised for significant growth and we look forward to
updating the market regularly as these plans progress."

I hold.

[zingaro] 01/2/2024 09:42

my lands: math is hardly your strongpoint - 70 to 66 approx is around 5%.

[mylands] 01/2/2024 09:39

I beg to differ.

Not far short of 10% down today with over 1.2 million traded in just over the first hour.

[mancman1] 01/2/2024 09:32

The market often gets it wrong.
The idea of "efficient markets" has long been exposed as a myth.

[mylands] 01/2/2024 09:30

All those punters wo thought the bottom had been reached are being taught a lesson how the market rarely gets it wrong. Betting against it, is a fools game.

[alan pt] 01/2/2024 09:29

Hah, yes, seems the "aargghh, batteries, sell, sell!" panic was just a little slow in arriving :)

Will be interested to see if it bounces later in the day

[mr george stobbart] 01/2/2024 09:22

Getting caught up with the GRID and HEIT sell offs even though only ~20% of GSF assets are based in GB.

GRID would probably get away with the dividend cut for now but if HEIT goes bust things might get a bit more rough

[scruff1] 01/2/2024 09:14

Its certainly isnt going to encourage investment in the sector. I cant remember the last good news. Can someone remind me?

[spectoacc] 01/2/2024 09:08

People should differentiate, agreed - but I still fear GSF will test those lows.

Edit - didn't mean in the next 15 minutes :-/

[alan pt] 01/2/2024 09:01

A little weaker this morning, but nothing significant. Quite a positive reaction after a double hit of sector bad news. Seems that the market is finally starting to better value the differences in funds

[lord gnome] 01/2/2024 08:03

GRID taking an axe to the divi is not a good read across. Good job GSF is geographically diversified, but it would explain our recent weakness.

[mirandaj] 01/2/2024 07:42

I definitely prefer what Gore Street have done in other countries.
We still seem to be importing far too much but I note that 4% battery usage at peak times like 7pm is happening still.

[nickelmer] 31/1/2024 16:21

The last few days have seen a drop early on and then buyers bidding the price all the way back up late in the day, hopefully that is indicating some positivity starting to show through as buyers pick up stock at bargain levels

[waterloo01] 31/1/2024 16:19

Small recovery thankfully. Not all companies in the sector are the same!

[scruff1] 31/1/2024 12:50

Dodger
It tends to be all downs rather than a mix with ups ! I did buy a few more yesterday at 68 thinking (hoping) that we must be close to the bottom but Im not convinced it was wise - these drips down seem to be cutting through everything - any macro news, company specific, updates everything. I wish I could pin it down. Weird really

Yump
Ive recently bought into PHNX at 470. Really fancy it as a holy grail type stock - great yield with great scope for capital growth. I have also been buying into MNG for last couple of years - same reason. Main purchase was at 167 so pretty pleased to date.

Would be nice for GSF start to develop its potential

[leadixon] 31/1/2024 12:40

Yump - agree with you on PHNX, it seems to have leveled out at at a good level. Great Divi cover, good forward prospects on revenue and only going to recover when rates drop back down, will be buying more. NESF also in my watchlist.

I'm actually not a holder of GSF yet, been sat on the sidelines for the last month, seeing where things land, but getting very close to a share price i'll buy in, as the risk to reward is so strong. for what i understand they still have cash to find some of the divi if needed in the interim whilst more capacity comes online.

[cc2014] 31/1/2024 12:38

Some information on the balancing mechanism bulk dispatch launched on 12th December, which will increase battery revenues.

1. Launch 12th December
2. Stopped 3 days later due to minor billing issues
3. Relaunched 8th January
4. In following week volume was 8% higher than previous

[dodger777] 31/1/2024 11:43

I assume the company really won’t care much about the ups and downs of the share price, especially if they don’t have much skin in the game. It’s not helped of course that the London stock exchange is such poor quality and easily manipulated by all sides.

[spectoacc] 31/1/2024 11:42

NESF - another very relevant to my point above. See what they're paying out in earnings.

GRID down 7% today, I'd be concerned if GSF did gap through the lows. May not get there of course..

[yump] 31/1/2024 11:37

scruff1

Yes the fall is a bit persistent - wasn't expecting such volatility from what is an income fund. Averaged down a bit but that's enough. Found a few more non-energy, that I didn't have, that seem to have bottomed out, so felt a bit safer with those. SREI, PHNX etc. NESF doesn't seem too shabby if the share price is telling all the negatives already.

[panshanger1] 31/1/2024 11:21

Need to clear this seller out

[mylands] 31/1/2024 11:12

No word from the company does not help support the share price and give confidence to shareholders!

[spectoacc] 31/1/2024 10:31

One advantage of this over some - and I'm not necessarily advocating a purchase, I've said I think it'll retest lows - is that at least you're getting a divi along the way.

[scruff1] 31/1/2024 10:23

Thing is yump and what worries me is that we are all really guessing. This fall has be ongoing for well over 2 years and we dont really have a definitive reason. We know some but its all 'bitty'. With what we all assume will ensure a rosy future its puzzling that there isnt a more positive 'feel' about it. Ive been in this situation before where by the time I realise I have been backing a myth my investment has turned to dust. This constant downward drip is giving me the de ja vu feeling.