Gore Street Energy Storage Dividends - GSF

Gore Street Energy Storage Dividends - GSF

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Stock Name Stock Symbol Market Stock Type
Gore Street Energy Storage Fund Plc GSF London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.60 -0.5% 120.20 16:35:14
Open Price Low Price High Price Close Price Previous Close
121.20 120.40 121.20 120.20 120.80
more quote information »
Industry Sector

Gore Street Energy Storage GSF Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

cocopah: #nerja Looking at the half year net gain of £10,805,633 attributable to 257,420,379 shares in issue gave a profit per share of 4.2p. Now we have 481,400,000 shares in issue, however the net gain is likely to be (say) c40% higher for the second half (I've based this on the RNS they issued and a bit of guesswork and gone topside!). If this is the case we should expect a net gain of c£15,000,000 or 3.1p per share (even if the second half is £20m it's only 4.15p per share) ... so just covering the current dividend payment. If the NAV rises by (say) 15% (which is 4% more than GRID managed) the new NAV would be £1.19 ... yet we have had at least 4 attempts to break £1.23 ... I’ve gone heavy on both income and NAV so what am I missing? Looks toppy to me!
cocopah: I guess that whether or not the share price diverges by 5p matters depends upon your investment amount and personal circumstances. It is easy to get into a capital loss/dividend obsession with these types of investments. At the moment the garden looks fairly rosy but of course the dynamics can change quickly - energy trading looks to be the saving grace if/when the price paid for grid smoothing falls. IMHO eventually longer term storage will be required. I think last year’s net income was around £14 million … although this year that should be considerably higher. However with 481m shares in issue the divi cover won’t be much. 🤷‍a94;️ A bit like GRID the name of the game at the moment is scaling-up and investor demand (especially from institutions to maximise their ESG credentials) is likely to remain high.
cocopah: #nerja yes I understand the dilemma, originally in at £1.03 and considering GSF for the ISA top-up this year. I can justify a premium to NAV as my average purchase price would then be about £1.15 but it's a big leap from £1.03 to leave a reasonable premium on the current s/p. Decisions, decisions. I think the 5.785% yield is still reasonable but I also think the chase-up from £1.12 looks toppy atm. As you say we shall see.:)
nerja: Cocopah , grids nav went from 131.9 to estimate of 145p now, that’s a hell of a rise some of the solar wind navs did large rises, what makes you think GSF won’t have a similar rise in nav?
cocopah: #mylands … the share price has been driven up by private investors (IMHO judged on the volumes bought per trade) from £1.13 to £1.23 from the middle of April (probably on the back of the announcement of the potentially higher dividend i.e. when the annual NAV is over £1.07. At best the recent estimate is £1.05 but it would have to be considerably higher in order for the “yearly average” to be £1.07). Methinks people have jumped the gun on this. It is true that the company have announced better than expected performance y-t-d but any increase based on that would be a departure from what has been communicated in the dividend RNS. I would like to add more but if the actual current NAV is (say generously) £1.08, then GSF is now trading at a premium of 14% on the bell this evening. Generous methinks.🤔
catch007: It is a shame GSF did not include an allocation offer to existing shareholders hopefully they will include such an option in any future fund raising. I am taking up full allocation in SIPP & ISA in the INPP subscription so guaranteed to get some shares. 38% allocation in GSF scaling is very poor imho.
spectoacc: Now, is the market getting toppy when everyone's piling into issues at premiums to NAV - GSF, INPP... Just askin' ;) (I went for GSF - got 34.4% in iii).
cocopah: #Tomps2 … again thank you for the share, I have listened to the ‘slammer’;. Good Lord if I thought the APF ‘slammer’; was ill-prepared then this guy was even worse! He had no knowledge of the income streams or why GSF continues to raise substantial amounts of money to invest in the battery storage market, zero knowledge of GRID and wasn’t even able to communicate the new dividend sliding scale above 7p. The fact he was a fan of Primary Bid says it all! I am fully expecting that following GRID’s significant increase in NAV that the full-year results for GSF will be good (indeed they ‘telegraphed’ that message last quarter). IMHO investors will have to be quick on the mark to catch the opportunity to invest at or around £1.10 in the general market on or around placement day, I certainly intend to do so having been able to pick up shares at £1.03 on a previous raise (which was below the offer price - something that I’m not sure will be possible this time). Anyway as I said on the APF forum “no publicity is bad publicity”. 😂👍🏻😎
fordtin: Top sliced GRID and added to GSF earlier. In the short term I've increased my dividend yield. Time will tell if it was a daft idea. Hopefully both will prove to be excellent investments.
melody9999: Octavia 349 - if I understand your question correctly, you would need to open up a new trading account with any platform, and then provide your platform name / account number to Primarybid as the place where they would deposit your shares. I guess you should check that the platform accepts shares from Primarybid. I don't think you can buy Primarybid and nominate a SIPP or ISA to deposit the shares. If you could, I am sure Primarybid would be 'shouting from the rooftops' about this enhanced capability. Your broker wil need to sell / buy to effectively transfer the shares Fordtin - you would need to use cash to buy the GSF shares via Primarybid, then get your broker to sell, withdraw the cash, deposit the cash in your ISA, and then buy back GSF. You'd probably be better dumping the new money in your ISA at the start of the new tax year, and then buying GSF in the market directly into your ISA before or after the placing is admitted.....whenever the price falls close to the 110p placing price. .
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