Gore Street Energy Storage Share Discussion Threads

[rogerrail] 13/6/2024 13:11

No worries!

[scruff1] 13/6/2024 10:18

Roger - didnt get your 602 til I posted 603 - cheers

[scruff1] 13/6/2024 10:16

Yep. We know by now that the GSF management is a bit duff, lacks transparency and are unwilling or incapable of imparting info effectively to its investors.
However my point earlier was about Centricas development of liquid air storage which can be unfrozen and used as gas to drive turbines and generate electricity on demand. Sounds pretty effective to me and possibly a real threat to the future of battery storage but I dont know enough about it

[rogerrail] 13/6/2024 09:52

Not new. There are many ways to store energy including cryogenic, hydro, hydrogen, redox batteries , capacitors, even a flywheel is a way of storing energy. All are and will continue to be in the mix. The key question for GSF is which battery technology will become prominent.

[fordtin] 13/6/2024 09:12

In case management reads this thread, I would prefer to receive monthly updates, even if there appears to be little to report.

While some participants in this thread may be well-informed about the industry, I, along with others who are less familiar, would not have been aware that Ferrymuir is still not fully operational. Additional information about the reasons for this would have been appreciated.

Other interesting points I was unaware of before reading this fact sheet include:

“1 The European Commission has advised Member States to consider energy storage availability when planning how to meet their obligations under the Renewable Energy Directive, which sets a binding target of 42.5% of the EU’s gross final energy consumption to come from renewables by 2030. The Commission has also updated guidance on how to speed up permitting for renewable energy solutions like energy storage, while the European Council has adopted the Net-Zero Industry Act to bolster cleantech manufacturing.

2 The Irish government has approved the Climate Action Plan 2024 following public consultation. It confirms targets to increase grid flexibility to allow up to 85% of renewable generation on the grid at any time by 2025, rising to up to 100% by 2030. This will accommodate targeted deployment of 9 GW of onshore wind, 8 GW of solar power, and at least 5 GW from offshore wind projects by 2030. The plan also includes a commitment to investigate market options able to incentivise long duration energy storage”

[cocopah] 13/6/2024 08:29

#scruff1 okay, take a look at #SEQI (I’m not advocating that you should buy their shares, just look at their monthly fact sheets). Yes, they are in a different business but all businesses know the numbers on a daily and weekly basis let alone monthly (indeed in our latest monthly fact sheet GSF at least said the revenue in Texas was an average of x$ per MWH - although they did not put it into meaningful total revenue context).

Returning to SEQI … they publish the interest received and NAV on a monthly basis, together with updates on any loans that are underperforming (and what the company is doing about them).

GSF could do a lot more, especially when there is such a discount to NAV perpetuated by concerns over dividend cover and hence income.

It is the above that is treating us like fools by providing a fact sheet which contains little information of any meaningful context.

Imagine if you owned a hospitality venue which I managed for you … and you asked me what last month’s trade was like … and I said we had a busy Wednesday evening one day in the month when takings were really good … hopefully you got my drift!

[scruff1] 13/6/2024 07:47

Danger? Just reading about liquid air energy storage and British Gas new project. Supposed to be able to store energy for longer than batteries. Im no expert but it sounds more efficient than battery storage which I have come to suspect is not a realistic long term industry and the way management are running this one seems to support this view. I have also long worried about more effective alternative storage methods and I suspect - with my very limited knowledge - liquid air could be it and Centrica probably have more idea than GSF

[marksp2011] 12/6/2024 20:05

I have no idea why they issue monthly fact sheets when the facts change on a annual basis or longer.

Look at the monthly fact sheet from Fundsmith which is probably the biggest OIEC

"There were no outright sales or purchases of holdings made in the month. The top 5 contributors in the month were Meta Platforms, Amadeus, Novo Nordisk, Mettler-Toledo and Microsoft. The top 5 detractors were LVMH, McCormick, Marriott, Brown-Forman and Fortinet."

Thats it. Nothing happened this month.

maybe GSF should issue quarterly there might be some news :)

[scruff1] 12/6/2024 18:18

Im just not sure which part is taking us for imbeciles

[cocopah] 12/6/2024 14:42

#scruff1 In other words the monthly factsheets are about as much use as a chocolate fireguard.

Fully intend to sell out when/if the share price gets closer to 95p to £1.00.

[george stobart] 12/6/2024 09:04

Cocopah just go and buy NVIDIA and Bitcoin, sell GSF and leave us alone mate

[scruff1] 12/6/2024 08:43

Dont understand that comment coco??

[cc2014] 12/6/2024 08:38

I still have no idea why you continue to own this Cocopah...


Ferrymuir still not fully revenue generating

And no mention of Enderby so I assume the target date is at risk

[cocopah] 12/6/2024 08:09

New monthly ‘factsheetR17; out … they’ve had a couple of good hours in Texas and some battery cages have arrived at Big Rock. They must think investors are imbeciles. 🫣🫣😂😂8514;

[cc2014] 11/6/2024 15:39

70p on the bid... Remind me to keep quiet next time

However, price has held pretty steady on a difficult day on the FTSE so that will do me.

[fordtin] 11/6/2024 10:29

If you compare the last three holdings announcements and factor in the additional shares issued, two of the four funds under management remain unchanged and one has increased it’s holding.



Date on which the threshold was crossed or reached
Rathbones Investment Management Ltd
Rathbones Investment Management International Ltd
Rathbones Asset Management Ltd
Investec Wealth & Investment Limited




21/05/24
9.6378% (1)
0.0561% (3)
0.2574% (3)
0.0437% (2)


08/03/24
10.6018% (1)
0.0572%
0.2624%
0.0279% (2)


02/01/24
11.5737% (1)
0.0572% (3)
0.2624% (3)
0.0223% (3)


01/11/23
12.4414%
0.0588%
0.2700%
0.0238%


 
 
 
 
 


 
(1) share reduction
 
 
 


 
(2) share increase
 
 
 


 
(3) % reduced by share issue, actual share holding unchanged
 
 
 


 
 
 
 
 


 
 
 
 
 


 
 
 
 
 


 
Shares issued
Total Voting Rights
% of previous shares in issue
 


28/03/24
 
505,099,478
101.96%
 


25/03/24
9,700,000
 
 
 


29/12/23
 
495,399,478
102.91%
 


19/12/23
14,000,000
 
 
 


29/04/22
 
481,399,478
 
 


 
 
 
 

[george stobart] 11/6/2024 09:22

Rathbones could be well buying this thing now

[cc2014] 11/6/2024 09:12

70p on the bid now. Hurrah.

I don't think Rathbones are in a particular hurry. They certainly aren't offloading at a certain price and stopping the share price rising.

If they are selling it would feel more like they are letting so many go a day and they are happy at that.

The share price previously rose to 90p at Christmas and Rathbones were owners then so I don't see them as a issue.

[rogerrail] 07/6/2024 17:46

No, my guess it will be touching 90p before they press the sell button again.

[george stobart] 07/6/2024 12:45

Are we at a price point where Rathbones starts sending again those Sell orders with both fists?

[scruff1] 06/6/2024 18:58

It should rise to a level where Rathbones will be amongst company

[rogerrail] 06/6/2024 14:15

Should rise slowly to a level where Rathbones decide to dump another load , look at the price action.

[cc2014] 06/6/2024 10:22

Agreed Panshanger.

The share price is moving up a little most days and there are few sellers along the way

[brucie5] 05/6/2024 11:37

GSF and NESF seem like exceptional income opportunities to me, due to market distrust and ambivalence about structured infrastructure funds. Yet these are both quite diversified and have not as yet, afaik, indicated that their dividends will be cut.