Gore Street Energy Storage Share Discussion Threads

[eggbaconandbubble] 17/1/2022 18:22

nine times out of ten it gets my trades correct

[toffeeman] 17/1/2022 14:56

Because you can only identify a buy and a sell with AT trades and most here are O trades when you are unable to identify which side it is.

the simplest way to tell is if the price goes up there were more buys than sells and vv

[eggbaconandbubble] 17/1/2022 14:10

May be a stupid question but - Why does the Buy volume far exceed the Sell volume day on day without any uplift in sp?

[gateside] 15/1/2022 20:02

And most of these renewables are domiciled in Jersey and Guernsey, so there is no Stamp Duty to pay.

[rogerramjett] 15/1/2022 19:18

IRR calculation will consider inflation but not perhaps the extent we are seeing in respect of the current energy price rises from which there will be some benefit to revenue on operating assets. Those which have an amount of flexibility in the sale price of electricity.

Why do some IT's trade at a premium to NAV (like GSF) and some trade at a negative? Is this to do with confidence ? Or are there some other factors?

Notice GSF dividend policy is 7% of NAV not 7% of share price With a minimum expectation of 7p.

[davidbennett] 15/1/2022 18:44

Thank you everyone.

I’d be interested about how the IRR is calculated, how these companies generate so much cash that the IRR is so high. Must be a great ROI and relative to current energy prices.

[williamcooper104] 15/1/2022 18:09

The IRRs will be historic, benefiting from yields coming down and asset price inflation The discount rates will be 5-7 range

[rogerramjett] 15/1/2022 17:15

Sorry. That's 10-12% IRR

High yield - annual dividend target of 7% of NAV (subject to a minimum target of 7p per Ordinary Share), which is supported by 10-12% Project target IRR. The targeted dividend was paid for the 2019 and 2020 fiscal year

[rogerramjett] 15/1/2022 17:13

I'm not sure where you find the NPV for GSF and NESF etc. I am sure I had read that the IRR was in the region of 15% and therefore dividends are easily distributed and covered at 6-7%. Now if we are talking NAV, this is calculated at regulat intervals. I would expect the NAV to rise for energy and storage trusts as the volatility in energy prices rise. GSF benefit from the volatility in energy prices and demand. Storage is needed for balancing renewables. Also the PPAs are linked to inflation and tend not to be fixed for much longer than a few years enabling them to benefit from the energy price rises and the energy they sell from the asset.

[gateside] 15/1/2022 15:43

I have holdings in most of the renewables for the dividend yield. They all seem to stress now, that they have paid all dividends since flotation, and hope to maintain their share price.As long as they do, I'm happy to hold for their 5% to 7% yields.

[williamcooper104] 15/1/2022 13:29

And adjusted for management fees which are not in project asset values

[williamcooper104] 15/1/2022 13:28

Be careful of yields on renewables Renewables are fixed life assets, and thus have a project life NPV If the dividend yield is greater than the discount rate (as adjusted for a premium or discount in the sp) used to calculate the project NPV then the divi is an over-distribution

[petewy] 15/1/2022 13:15

david bennett try this

[fordtin] 15/1/2022 11:40

DB -If you like the look of JLEN, they are currently placing shares at 101p compared to closing bid 102.2p & offer 102.6p. ("The Placing is expected to close at 2.00 p.m. on 27 January 2022 but may be closed earlier or later at the discretion of the Company and Winterflood.")

Even if you're not interested in JLEN, I think it's worth reading the comments regarding renewables which they made in the placing announcement;

[davidbennett] 15/1/2022 11:22

fordtin - I’ll have a look, thank you for posting

[fordtin] 15/1/2022 11:14

DB - have you looked at;

NESF - 6.92% Div -

FSFL - 6.82% Div -

JLEN - 6.62% Div -

GCP - 6.54% Div -

BSIF - 6.38% Div -


(Yields copied from;

[davidbennett] 15/1/2022 10:15

Just discovered this and GRID - both seem like a great combination of decent income and solid longer term capital growth. A bit like house prices but much more liquid and reliable.

I've got to create an income as well as having an asset which provides capital growth and both these stocks tick all the boxes - so what's the catch?

I particularly like Gresham House as fund managers, what's the story with Gore Street? Are they comparable in terms of quality?

Also, does anyone know if there are any other renewable funds coming to the market with a decent yield?

Thanks in advance to anyone who will give me some of their time to help me with this

Cheers
DB

[eggbaconandbubble] 20/12/2021 17:04

Anyone able to comment on todays figures etc.?

[scruff1] 29/11/2021 07:59

Very, very positive RNS

[1tommyt] 25/11/2021 17:28

yes, looks great, Tesla product, 8% in year 2 and currently no premium to NAV!

[webby] 25/11/2021 16:38

I am in this and GRID. Has anybody looked at the new trust along the same lines HEIT?

[1tommyt] 09/11/2021 07:28

https://www.londonstockexchange.com/news-article/HEIT/first-day-of-dealings/15204489Got into this via primary bid but might top up today. Still not chat online I think it looks really interesting.

[rustle2] 21/10/2021 08:55

I would expect any excess would be recycled into investment, paying down debt etc which should all increase the NAV and share price. I think they are largely aimed at growth whilst paying a dividend rather than paying out excess.

Not to say the dividend won't rise each year to try and keep pace with inflation.