Gore Street Energy Storage Investors - GSF

Gore Street Energy Storage Investors - 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
1.00 0.91% 110.50 16:35:03
Open Price Low Price High Price Close Price Previous Close
110.00 109.50 111.50 110.50 109.50
more quote information »
Industry Sector

Top Investor Posts

gateside: Or use the company website hTTps://www.gsenergystoragefund.com/content/investors/alert
cocopah: 2paperman just log on to the Gore Street Energy Fund website and page down to investor updates, sign-up and they will send you investor alerts to your mailbox (which are free). 👍🏻
cocopah: PDT you may have hit the nail on the head and some investors may have sold taking profits especially if they bought at 1.02-1.04 here (perhaps thinking that when our results are announced another fund raise will be too). Personally I wouldn’t be surprised if there is as GSF will need to keep growing to maintain their first-mover advantage. As an income investor I’ll probably resist the opportunity to make some short-term money on such a bet, others will no doubt think differently. Interesting that GRID were trading at £1.21 on a NAV of £1.06, a premium of 13%-ish before today’s announcement. I’d like to think that our NAV is north of £1.02 now so we are still trading at a lower premium than they were. If I had one wish it would be that we received monthly NAV updates (e.g. like SEQI do) and/or that GSF had a Twitter page which they used to communicate with investors. Gore Street do have a Twitter page … last used in 2018! 😂🤷‍♂️👍🏻
mirandaj: Interesting video https://www.energy-storage.news/blogs/video-afrr-could-be-the-grid-services-opportunity-european-energy-storage-h "Through this webinar, experts from Clean Horizon and Gore Street Capital drew a path for European investors and IPPs active on the continent who are looking to successfully finance merchant storage projects. Clean Horizon CEO Michael Salomon talks us through what aFRR means for the energy storage market and what will be required to participate. Paula Trevasso, principal at Gore Street Capital, a UK-based acquirer and manager of energy storage assets through its Gore Street Energy Storage Fund, brings her insights on what is required to build a solid business case for energy storage that investors can get behind. "
cocopah: Wish they had a Twitter page (I think all bar SEQI in the rest of my portfolio do). It’s much easier to communicate ad hoc to investors. Monthly NAV updates would be good too IMHO.🤷‍;♂️ 9310;🏻
n0rbie: @aamhager you are incorrect about this being a PB exclusive offer, this is a £193.8M placing with an additional offer to PB investors. Please read the 2 x RNS from 06/04/2021. This can be bought through most brokers directly into a SIPP / ISA (if you don't have this option, get a better broker!)
raydeepdiver: Why choose a brokerage that does not allow purchase into a SIPP or ISA? Primary Bid may give lip service to the idea of creating a level playing field between retail and institutional investors but do they really? Any retail investor with an ounce of savvy will want to fill these investment vehicles first. Needless to say, the only way to get these into my Hargreaves Lansdown SIPP & ISA is via market at circa 105p. GRRRR
brucie5: I guess if there's progressive dividend policy that might attract investors in lieu of any spectacular capital upside.
ironpyrites: Hi CWA1 I too have been looking at these. I have been wanting to add an IT in the sub-sector ‘renewable energy infrastructure’ to my portfolio. Gresham House Energy Storage (GRID) have recently issued new shares. The Issue Price represented a discount of approximately 4.5% to the closing share price of 110.0 pence on 9 November 2020 and a premium of approximately 4.2% to the last reported NAV of 100.77 pence as at 30 September 2020. This offering was over subscribed: https://www.investegate.co.uk/gresham-house-energy/rns/result-of-placing-and-offer-for-subscription/202011250700093929G/ ‘The Initial Tranche has successfully raised gross proceeds of £120 million through the issue of 114,285,714 ordinary shares of 1 pence each in the capital of the Company (the "New Ordinary Shares") at an Issue Price of 105 pence per New Ordinary Share.’ There was a scaling back of applications. This bodes well for Gore. GSF and GRID offer very similar energy assets – basically lithium-ion batteries. This is a growth area and the batteries are getting cheaper. Just worth saying that Gore are not specifically wedded to the use of lithium-ion batteries for storage and state that they are ‘agnostic’ in their use and will monitor any new storage vehicles if they become viable. Gore’s assets are mainly in Ireland and UK and they have a pipeline of investment opportunities lined up (as did GRID). Gore currently has an active placing (closes 14th December). ‘The Issue Price represents a discount of approximately 7.8 % to the closing middle market share price of 108.5 pence per share on 27 November 2020 and a premium of approximately 3.6 % to the last reported NAV of 96.2 pence as at 30 June 2020.’ The share price has dropped to 106.5p today https://www.investegate.co.uk/gore-street-energy--gsf-/rns/proposed-placing-and-intermediaries-offer/202011300700088403G/ GSF and GRID offer very similar energy assets – basically lithium-ion batteries. Gore’s are mainly in Ireland and UK Looking at the renewable energy storage sector as a whole the average price premium is in double figures and is the reason I haven’t invested here as yet. I generally try to buy ITs at a discount. As the last NAV for Gore was in June you could argue that the NAV is likely to be higher and quite close to the 100p offer. The other tempting factor is that the yield is 6.6% and shares bought in the placement will attract the full September (quarterly) dividend payment – paid in December. ‘investors in the Initial Issue will be entitled to receive the next quarterly dividend for the period to 30 September 2020, which is expected to be declared around mid-December 2020’ Knock this 1.5p off the issue price and in effect you will be buying the shares close to par. Some might be put off by one of the directors Daniel Mudd being a former CEO and president of Fannie Mae when this big US mortgage company was involved with sub-prime lending in the 2008 crash. More recently he has been CEO of Fortress (Hedge Fund) in New York. I am still mulling this one over but if you are interested you need to register on Primary Bid hxxps://primarybid.com/ to apply for the offer. Regards Iron
jonwig: Http://citywire.co.uk/investment-trust-insider/news/uk-s-first-battery-fund-targets-income-investors-and-7-yield/a1100759 Http://citywire.co.uk/investment-trust-insider/news/james-carthew-the-economics-of-storing-energy-in-batteries/a1102427/print?section=investment-trust-insider
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