Gore Street Energy Storage Share Discussion Threads

[cousinit] 05/3/2024 17:42

Market seems to be saying that lack of revenue visibility trumps diversification. Will the Board bend and trim the base divi with buybacks when revenues are strong? Or maintain the status quo? Feels like a decent level of buyback might generally be possible if the divi was roughly halved.

Focus obviously moves here now that both Gresham and Harmony have buckled.

[scruff1] 05/3/2024 17:07

The bit that I need explaining is why after the energising of Stoney and Ferrymuir are we lower than we were before? They have had absolutely zero effect on the share price - at least not a positive one.

[alan pt] 05/3/2024 15:46

Nice, thought I'd missed my chance to pick up a few more at sub-65p. Looking forward to the 3% cashback on purchase from the imminent divi :-)

[cocopah] 05/3/2024 14:04

Yep 43% discount to NAV and silence, not a great combo! 🫣

[scruff1] 05/3/2024 12:30

Here we go again. Ear and nose plugs! Is it the Ferrymuir effect !!

[scruff1] 02/3/2024 11:03

If I had a quid for every time someone had said a good time to buy all the way down from 125 I would be a happy chap !. Lets hope yours is the last opportunity water

[waterloo01] 02/3/2024 08:58

cocopah, that's what the BB's are for, a sharing of differing views and research. Given some of the things you highlight, the next update should read pretty positively. Might even reverse some of the NAV divergence. Good time to buy, if that's correct.

[cocopah] 02/3/2024 08:52

#waterloo01 Hmm I’ve got to disagree. The divergence from a NAV of £1.12 to the current share price is massive. It’s no use saying that it’s similar across the market, that’s what weak management does. In a (relatively) higher interest rate environment a discount of 10-20% would be normal, so the significant discount being seen should be addressed. The share price was only 2p lower than it is now before they were panicked into comms a while back. It’s not hard (and automated not manual) to provide the updates I suggest in the short-term (monthly factsheets are not uncommon). When income has spiked in the past (Texas) they have commented so that have some form in this area. It’s also just plain old common sense to comment on company specific progress (FerryMuir) and market relevant information (relaxation of the 15 min rule and the recent BESS contracts auction). 🤷‍a94;️🤔

[waterloo01] 01/3/2024 22:41

What you are asking for is akine to monthly management accounts. Not going to nor should happen. You invest in management to do the job. So far, share price aside, they have done a decent one so far.

[scruff1] 01/3/2024 20:49

Fair comment coco.Thanks L Gnome. Appreciate your effort

[cocopah] 01/3/2024 19:39

So frustrating that we have to ask for info … you’d think that with concerns about the divi cover (which is weighing down the share price) the Investor Relations department would be eager to tell us about such things as energisation of an asset, whether relaxation of the 15min rule is a positive for GSF and whether income is holding-up across the portfolio. As we are back to within pence of all-time lows, silence is not golden! 🤷‍a94;️🫣🤔

[george stobbart] 01/3/2024 17:43

So Rahul was right and 46.3% guaranteed gains incoming

[waterloo01] 01/3/2024 17:24

Thanks. Hoped that would be the case.

[lord gnome] 01/3/2024 17:23

Well done Investor Relations. A very speedy reply to my email with confirmation that Ferrymuir has indeed been energised. This news will be included in the next FactSheet update.

[scruff1] 29/2/2024 22:05

If I remember correctly we were informed a month or so after the event that Stoney had been energised by EDF. I hope Ferrymuir has a more positive effect on the share price whenever they fire it up. If not they could try turning them into Shepherd's huts.

George looking at the chart my guess is you mentioned your interest in GSF and Rahul saw a way of making a quick £20. On the other hand he could be talking about GSF the car spares shops. Did he speak much English?

[lord gnome] 29/2/2024 21:28

Is he driving under the influence of drugs, George? Could be dangerous. Sounds like wishful thinking.

When can we expect the bid? I’m all ears.

[george stobbart] 29/2/2024 19:43

My uber driver Rahul told me a GSF takeover is imminent at 46.3% premium.

He said he never promises, he only guarantees returns.

I gave him £20 tip and I’m now expecting my 46.3% guaranteed gain

[lord gnome] 29/2/2024 19:03

I've just dropped an email to IR to ask the question. I'll let you know if I hear anything.

[waterloo01] 29/2/2024 18:24

Last we heard it was due to be energized end Jan and it's quite possible it's up and running with EDF Not sure they announced Stoney either .Anyhow, Ferrymuir was an existing site that already had connections

[scruff1] 29/2/2024 18:20

We have to assume it isnt as there has been no announcement. Seeing as it was supposed to be energised in November after Stoney's long delay its very disappointing especially when no explanation/update has been given. It makes me wonder whether there is a growing loss of confidence in the company's ability to deliver and whether its undermining confidence also to deliver the divi. If not it will be the end of the share price and the way its going thats very worrying

[daveoz1] 29/2/2024 17:40

Cocopah 1107 - Oh for goodness sake this situation is ridiculous. Can't we find out if Ferrymuir is energised or not, is that too much to ask? I'm going to Edinburgh - not until April though - so do I have to take a taxi out to Ferrmuir to see if I can hear a hum coming over the entrance gate? This is madness.

[waterloo01] 29/2/2024 16:18

37.5% discount and divi now 11.3% (ex divi 16th March ?), given things look to have turned having hit bottom in the UK. Just looks overdone once again

[cocopah] 29/2/2024 16:07

Jeez … just got back home and looked at the carnage this afternoon … now back to a couple of pence from the all-time low. Whoever is selling must be doing so at a loss. I still think that comms here could be much better. I don’t suppose if anyone knows whether FerryMuir is now energised? Lord knows what they will discount the NAV to now but I can’t see it being pretty dividend-wise. We certainly are desperate for some good news on the income front! 🤞🏻🤞🏻9763;🫣