Gore Street Energy Storage Share Discussion Threads

[scruff1] 05/2/2024 12:02

wassa. Agreed. That crossed my mind too. I personally dont think they have been too reticent. Most imo has been our frustration and of course its not free to put out a message

[mirandaj] 05/2/2024 11:18

Reports and presentations always worth reading and studying.

[nickelmer] 05/2/2024 11:15

Shore Capital has published a new research note on:
Gore Street Energy Storage Fund PLC.

Please click on the below title to see the full release:

Gore Street Energy Storage + (GSF, House Stock at 68p) - In a league of its own – FY dividend reaffirmed

[morton2011] 05/2/2024 11:15

London stock exchange RNs alerts work for me as well

[wassapper] 05/2/2024 11:14

I don't know about all the whinging here about "delayed updates". They only provided one three weeks ago!

Today's update shows that operationally and financially they see no issues with growth and divi in line, and debt low.

I also think that a lot of work went into this with operational statements backed up with detailed comments from both CEO and Chairman. This is unusual and shows how seriously they see the need to respond. These things don't just appear overnight. There's probably 3-4 days drafting involved in that lot.

Current yield is around 11% and I shall buy more when I have the funds.

[wassapper] 05/2/2024 11:09

investEgate is also good for alerts etc

[scruff1] 05/2/2024 11:01

If it helps lead I received mine from HL at around 7.40 and I pay handsomely for the privilege. Dont despair too much - we may be up around 7% today but we are about 60% off the highs - there is plenty room to go yet

[alan pt] 05/2/2024 10:47

Personally I always go to londonstockexchange.com for RNS, you can set up a track there too

[leadixon] 05/2/2024 09:45

Very very annoying, i set an ADVFN RNS alert up for this over the weekend, did i recieve one this morning......no, did a RNS get released......yes, so much for waiting to buy in lol

[yump] 05/2/2024 08:29

Perhaps we can get a recovery to 80p area, despite the battery market worry. That might take some time to overcome plus some interest rate falls.

[scruff1] 05/2/2024 08:22

Yump
This is the GSF thread. As far as Im aware my non investment comments are restricted to the Quadruped thread which ceased to be a LLoy tread donkey's years ago and which is dedicated to any comments people want to make and those posters accept that. So keep your comments about that thread to that thread please and dont try to be the advfn thought policeman. Todays Monday its a new week so give it a rest please or go over to Quadruped where I will be happy to carry on. Dont put a damper on the joy of the moment - we havent had many

[scruff1] 05/2/2024 08:04

Fair comment coco. They do tend to be reactive rather than pro active which would generate a tad more positivity around the place.

[cocopah] 05/2/2024 07:55

A welcome (if a bit late) RNS that was both necessary and required to calm shareholder nerves. However they missed a trick, communication should have included forward guidance or at least a post-reporting period update … for example “unaudited NAV remains at Y and income continues at X since the recent reporting period. FerryMuir is now energised.”

[scruff1] 05/2/2024 07:49

Well if that doesnt give it a lift nowt will.

[tonytyke2] 05/2/2024 07:38

Agreed Lord Gnome that's a strong update.

[lord gnome] 05/2/2024 07:34

A good and detailed update should put some backbone into the shares. Just what was needed. A high yield investment with no more risk than any other. Happy to hold and take the dividends.

[fordtin] 05/2/2024 07:29

"The Company's construction program is progressing per the schedule outlined on page 11 of its Interim Report "

From page 11 of its Interim Report;
"Ferrymuir Jan–end 2024"

Why couldn't they just tell us whether it's operational, without the bread crumb trail?

[spectoacc] 05/2/2024 07:26

OK:


"The GB market's cyclical nature has posed significant hurdles..."

" Based on the build-out schedule, by the end of 2024, the Company's US assets will account for 55% of total operational capacity, while GB will account for less than 30% on a MWh basis."

"...Fully covered its dividend during the last reported quarter (September-end 2023................................................................"
[Hope that was enough dots]

"The Board and Investment Manager of the Company share the concerns expressed regarding the current challenges posed by low revenue generation in the GB market."


GSF undoubtedly the quality play. The question is more whether anyone should be playing. Possibly, at these prices.

[scruff1] 05/2/2024 07:20

I assume thats an RNS. Not come through to me from HL yet but for those that have complained about the lack of communication from the board this is exactly whats needed after last week. Agree totally with you nick.

[nickelmer] 05/2/2024 07:11

solid and positive statement from the board, exactly what was needed. Dividend maintained and highlighting the doubling in size due this year, dividend already covered before this year's planned growth and an excellent geographically diversified portfolio. This is why GORE is THE vehicle for BESS investors

[spectoacc] 05/2/2024 07:11

Personally I'd have picked out the bad parts. I'll summarise as:

"Yeah it's bad, but we're currently OK".

[smidge21] 05/2/2024 07:06

GSF reaffirms its dividend target of 7% of NAV for the fiscal year. It has met its dividend target since listing.· The Company's dividend cover has been trending upward and was fully covered in the last reported quarter (September-end 2023).Revenue generation· Further to the Company's update on 10 January (link here), the reported portfolio average revenue across all assets for the fiscal year-to-date stands at £15.1 per MW/hr (H1 & Q3), given its effective diversification strategy.Liquidity· The Company maintains a healthy balance sheet with low debt. As previously disclosed, the Company had £66 million in cash or cash equivalents as of 31 December 2023. Of the available $60 million in the Big Rock Facility, approximately $15.8 million had been drawn down as of 31 December 2023, and there were no draws on the Company's £50 million RCF with Santander.Portfolio· The Company's construction program is progressing per the schedule outlined on page 11 of its Interim Report (link here). · The Company's operational fleet is on track to more than double by the end of 2024.· Based on the build-out schedule, by the end of 2024, the Company's US assets will account for 55% of total operational capacity, while GB will account for less than 30% on a