Gore Street Energy Storage Share Discussion Threads

[waterloo01] 12/12/2024 11:56

CC2014, surely your downside is already more than priced into the share price What's not priced is delivery, which, market dynamics outside their control, they seem pretty confident of.

[cc2014] 12/12/2024 11:52

sleveen.

if the high values are achieved that will be great for shareholders and will prove the NAV is correct.

if they are not achieved then the NAV is too high and it's all going to be a disappointment.

[joe say] 12/12/2024 11:47

He really does qualify that £15 pMwh figures doesn't he?

There's his exit when it's only £14

[waterloo01] 12/12/2024 11:46

Hint at buy backs? Mechanisms to deliver shareholder returns.

[waterloo01] 12/12/2024 11:34

If they hit average (£15per MWH) over full 750 mw, full divi would be covered.

[waterloo01] 12/12/2024 11:32

Seems pretty sure about the tax credits!

[fordtin] 12/12/2024 11:30

I had to give up listening to the presentation because it was way too soporific. They need to invest in some Presentation Skills Training.

[cocopah] 12/12/2024 11:08

As I feared a shocking set of results, income down, costs up, delays and excuses for worse performance.

[sleveen] 12/12/2024 10:33

CC2014, isn't higher better GSF shareholders?

I'm confused.

[cc2014] 12/12/2024 10:18

I found what I wanted though. A long term price of £100/Mw/yr is too high for my liking for the UK and Europe.

[cc2014] 12/12/2024 10:14

hmm. Apologies it must be my computer.

I saved the document to my hard drive and I've just re-opened it and the charts are now there.

Oh well. I look like a complete idiot now.

[joe say] 12/12/2024 09:49

cc2014 - its not blank if you go to their website and click the half year report

[craigso] 12/12/2024 08:48

Very boring indeed, but these results were all about avoiding negative surprises. And I think they've managed that. (although I noticed for the first time that some of their assets desperately need duration extension)

The next set of results (YE 2024) ought not to matter much either - I doubt we'll get a positive surprise on the final dividend and its coverage. What we need in early 2025 is RNS announcements of full energisation and receipt of IRA subsidies.

[pretax2] 12/12/2024 08:32

Steven
I’ll take uninspiring, boring even.
They continue to grow and pay divis. Nothing to indicate a change so no change in my position.

[sleveen] 12/12/2024 08:12

Uninspiring trading results and asset "progress".

[18bt] 12/12/2024 08:07

Took some comfort from the restatement of the energisation dates

[waterloo01] 12/12/2024 07:51

In this context, we find ourselves in a strong growth phase. The portfolio is on track to be self‑sufficient, and we expect it to be able to cover dividend distributions once the construction of the one remaining construction asset is complete.

[zap217] 12/12/2024 07:46

1p for the first 3 quarters was always the boards intention. The final dividend is unknown.

[george stobbart] 12/12/2024 07:42

There is a final dividend not yet declared. Once finals are reported it will be calculated

[scruff1] 12/12/2024 07:35

5.5p divi then - a reduction of 1.5p

[bountyhunter] 12/12/2024 07:34

The Company's Board of Directors has approved a dividend of 1.0 pence per share for the September end quarter. The ex-dividend date will be 24 December 2024, and the record date 27 December 2024. The dividend will be paid on or around 15 January 2025.

[outlawinvestor] 11/12/2024 21:28

Happy interims tomorrow! Should at least come with a divi declaration.

[waterloo01] 11/12/2024 17:53

Seems to be. Overlay GRID and GSF or take your pick, and the declines are similar. It led to the weakest ending up with for sale signs.

GSF is the strongest of them, both in terms of diversity and in-terms of debt and 2025 should be a good year, hardly be worse! We all know the issues raised re divi cover.

Is it near the bottom of the cycle is the question, in which case the assets are cheap, if not, it will come down to divi cover and whatever % number can be covered. If it's 5p, so be it, hopefully a lot better than that.

As often reminded, lets also hope the scheme manager heeds some of the investor ire over fee levels. It's in their control, unlike some issues, and would be well received by the City and SP

[scruff1] 11/12/2024 17:36

Has that been the case for the past 2 years !!!!