Gore Street Energy Storage Share Discussion Threads

[apollocreed1] 22/5/2019 16:09

And looking at Hargreaves Lansdown recent trades page, they are listing the buys at 84.3p as sell trades because they assume a price below the listed buy price is a sell.

[apollocreed1] 22/5/2019 14:42

The spread has shrunk today..I was quoted a live buy price of 84.3p per share which is about a 9.3% discount to NAV (28 March 92.9p). I experimented with a sell price and was quoted 84p.

[jonwig] 28/3/2019 11:20

They're too small to be efficient.

There's also Gresham House Energy Storage Fund (GRID) which is performing better, but is also lithium-ion.

[a0002577] 28/3/2019 11:08

Less than inspiring NAV update this morning

NAV fell to 92.9

If, of course, they had backed REDT they might be better off and REDT most certainly would have been

[masurenguy] 10/11/2018 08:33

The main problem with this fund is that it is focused only upon one technology - lithium ion - instead of spreading it's coverage across other technologies, notably vanadium based storage alternatives.

[cyfran101] 10/11/2018 00:31

I was wondering why the market is so luke warm on batteries and it does appear to be concerns regarding lithium ion batteries as "Sceptics argue that...there are risks that the batteries may not last as long as the 15 or 20 years expected"

[a0002577] 09/11/2018 11:36

Jonwig - have a look at REDT's technology - they are beginning to get some traction - and if it works it will be the saviour of a lot of these green energy projects.

See for how the technology works: I hold shares in this company but am not attempting to ramp them cos as with all AIM companies they are very risky.

[jonwig] 09/11/2018 11:14

A000 - I've not actually looked at the variety of storage technologies, so thanks for the hint. Obviously anyone investing here would need to look at all points of view, not just the company's.

[a0002577] 09/11/2018 11:11

I see most of their pipeline is for Lithium-ion batteries. I am not convinced they are the right technology for this work as the number of charge/recharge cycles is quite limited (but someone I ma sure will correct me). Anyway if they were to look at Vanadium batteries I might be interested so in the meanwhile - not for me.

[jonwig] 09/11/2018 07:15

Maiden interim results:



NAV 97.0p isn't bad going, considering it was 97.6p at IPO. Dividend of 2.0p seems to be covered by project cashflows.

Interesting but I'm not willing to pay a premium right now.

[jonwig] 28/7/2018 06:37

Just checking: pretty thin trading recently, effectively 100 - 102. Initial NAV was, I think, 98p. Doubt I'll be a buyer much above that.

NB. Smaller size means bigger costs per share.

[keyno] 09/6/2018 11:04

Thanks for starting this thread jonwig. Like many others I was suprised it was so delayed - just watching at moment.

[jonwig] 25/5/2018 08:10

First day of dealings:



Opening quote 100.5 - 102.5.

[getscenic] 03/5/2018 18:35

Agreed, I left my money in just waiting on news from HL. To be honest I thought this would be better supported by the fundies. The fact that Gore Street are not that well known and Battery storage tech is in it's infancy maybe putting people off. personally I think this will be a solid investment as my other alt energy co's have worked out well. I think you had the right idea, if this one does not work out there will be others out there with the same idea.

[jonwig] 03/5/2018 17:51

@ getscenic - I applied on the original terms. Then when it was extended, I withdrew as I didn't want money tied up. I'll now wait for if/when it's listed and maybe buy in the market.

I think it might be a reasonable defensive yielder.

[getscenic] 03/5/2018 17:16

Thanks Jonwig

Will see what transpires with this one.

[jonwig] 03/5/2018 16:52

Another change of tack:

[getscenic] 03/5/2018 16:46

Anybody heard what has happened with this one, the 3rd has come and gone and no listing so far?

[jonwig] 08/4/2018 06:57

Poor response, so tt extended from 6 April to 27 April. Minimum raise (£75m) not reached.

[jonwig] 30/3/2018 12:00

. .

!FOLLOWFEED

The Fund will invest in a diversified portfolio of utility scale energy storage projects primarily located in
the UK. It targets a sustainable and attractive dividend over the long term. The Company also seeks to
provide investors with an element of capital growth.
Target size: £100m (issue at 100p/sh)
Dividend: 7% of NAV after Yr 1.
Dividends paid: Quarterly
Discount control: Buy back authority 14.99% per annum
Gearing: Authority up to 15%
Advisory fee: 1% per annum
Performance fee: 10% of gains above 7% hurdle with high water mark, capped at 50% of advisory fee

Offer closes 6 April 2018, first dealings 12 April.

[strollingmolby] 12/3/2018 13:58

Gore Street Energy Storage Fund PLC, the UK's first pure play energy storage fund, announces its intention to launch an initial public offering on the Premium Segment of the Main Market of the London Stock Exchange.

The Company seeks to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility scale energy storage projects primarily located in the UK, although the Company will also consider projects in North America and Western Europe.



!YOUTUBEVIDEO:ZI4EnvHNozM: