Gore Street Energy Storage Share Discussion Threads

[scruff1] 13/1/2025 14:48

Thats fair enough but I suspect that most of we investors have had the confidence slowly throttled out of us. Its hard to understand why there has been such a sustained and steady fall in the companies value despite the addition of assets over the last few years. Its been relentless. Ok it hasnt generated the cash flow due to various reasons but its budget has been carefully used to grow its storage facilities. Its asset rich currently. Am I wrong?

[scruff1] 13/1/2025 14:01

Looks like capitulation to me. All time low and the selling continues unabated (non can be in profit) despite the apparent energisation of Big Rock - its had at best a zero effect If there was much mileage in the pro's that posters highlight surely we would have seen some flickering in the share price If there is no interest now I cant see there ever will be. My biggest duffer ever and getting duffer by the day. Pointless selling now though.

[triskelion] 13/1/2025 13:56

A down-voting bot is active.

[cellular3] 13/1/2025 12:23

I think George is correct-the establishment and team world’s veil is exposed-can’t rely on woke energy sources and the world is waking up to it. U.K. 1 week left of power last week due to cold weather

[clissold345] 13/1/2025 10:17

@Andycranleigh. Alan Smallwood, GSF's Commercial Principal. He's mentioned in the presentation for the Interims.

[andycranleigh] 13/1/2025 09:50

The new asset guy they’ve recruited (ex Centrica I think) is by all accounts brilliant.

[clissold345] 13/1/2025 09:23

bessanalytics.com lists the optimiser for assets. GSF are now optimising Breach Farm, Hulley Road, Larport, Lascar and Tilbury in-house. If this increases GB revenue long-term then well done GSF!

[mindthestash] 12/1/2025 13:40

Interesting article in telegraph on recent cold weather and consequent increase in prices paid to supers.
"
The crunch forced NESO to pay huge sums to fire up gas fired power stations to cover the gap; at one stage on Wednesday night it was paying one 30 year old power plant £5,500 per megawatt hour for just 400 megawatts (MW) of capacity between 4 and 7pm. This is 50 times the recent market price. Overall the scheme cost £2.3 million per hour."

Makes GSF look cheap.

[waterloo01] 12/1/2025 08:39

To reassure myself I checked on Big Rock development in Imperial county. It's on the other side of the desert from LA and the fires. Actually not far from Joshua Tree (A lovely spot). Big rock in Malibu is a different town, and badly effected by the fires.

[george stobbart] 11/1/2025 18:39

Someone in this chat has erotic intercourse with the chief in command of GSF that’s why they are cheerleading the stock

Whilst battery manufacturers are going bust by lightning speed

[andycranleigh] 11/1/2025 18:18

Correct, it has headroom because, as you say, things go wrong!

[spectoacc] 11/1/2025 14:08

The outcome isn't risk-free, but agreed - GSF mispriced, even with a few missteps.

[andycranleigh] 10/1/2025 20:18

They will sell the tax credit which, given $ strength, will be worth north of £50m or 20% odd of EV. I think their run rate of revenues, with all assets operational and assuming UK recovers to £100k/MW/pa is around £66m, enough, with headroom, to cover a div of 7p. You can get to the current share price from the US assets alone. I’m a big bull.

[mindthestash] 10/1/2025 14:31

Thank you Craig's that's very helpful indeed. A positive.
Hammered by market but low gearing here is the key for me. Holding, but not buying yet.

[brucie5] 10/1/2025 13:43

Thanks Craigso, I haven't yet lost trust in this company despite the calamitous decline in share price, though it is becoming increasingly an act of faith that the market has simply got this wrong. Equal and opposite might be the rising from the ashes of SQZ, which I also hold. It was available quite recently in the 120s with an even more unlikely dividend. Now 1.50.

[craigso] 10/1/2025 11:05

US tax credits are only valuable to companies who have that much US tax to pay in the fiscal year in question. GSF will have set up a US SPV company to own the US asset in question, that SPV will receive the credit, and that SPV will "sell" the tax credit to another US company that owes lots of tax in 2025. It's totally irrelevant that the ultimate owner of that SPV is incorporated outside of the US.

There is zero chance of Trump / Musk doing an executive order removing those tax credits, because it would last all of 10 seconds in a US court. (as right-wing lunatic as many US judges are becoming) You can't overturn US law with an executive order.

And with the Republicans having a tiny minority in the House, it's also exceedingly unlikely that every single Republican would vote for a law taking away these tax credits, especially since many of the benefits have gone to red states / Republican districts. And FWIW, the current rumblings suggest that they want to do a "ultra MAGA" law, before looking at taxes later. But only narrowly-defined budget laws aren't subject to Senate filibuster (which the Democrats would obviously do if any proposed law coming out the House tried to take away IRA tax credits)

Admittedly, GSF haven't explained any of this particularly well. But they've probably decided that there's only downside to making any comment about the US legislative process.

[george stobbart] 09/1/2025 21:17

you are a grooming gang apologist that’s why you want to silence me

[mindthestash] 09/1/2025 16:21

Is that good news or does it suggest Trump administration /Musk efficiency have tax credits in their sights to repeal

In the presentation CEO stated that GSF will sell the tax credit into the secondary market (presumably as GSF can't benefit as tax base is elsewhere but not illuminated in the presentation)

Musk/Trump may close of secondary sales to foreign entities?

[eyesofblue] 09/1/2025 15:53

Some more positive noises in the States …

The US Department of the Treasury and the Internal Revenue Service have moved to enshrine certain tax credits under President Joe Biden's Inflation Reduction Act (IRA) into the American tax code before Donald Trump moves into the White House.

The tax credits encourage innovation by allowing new zero-emissions technologies to develop over time, while also providing durable incentives for companies to make investments in clean energy technologies, the Treasury Department said.

U.S. Secretary of the Treasury Janet L. Yellen said: "The final rules issued today will help ensure America’s clean energy investment boom continues – driving down utility costs for American families and small businesses, creating good-paying construction jobs, and strengthening energy security by making the U.S. more resistant to price shocks."

The existing Production and Investment Tax credits will be available for projects that began construction before 2025, while qualifying projects that began after 31 December, 2024 will be eligible for a new Clean Electricity Credit.

U.S. Secretary of Energy Jennifer M. Granholm said: “Today’s final guidance helps provide clean energy producers the clarity needed to deploy more clean energy solutions at scale to drive down costs for more American families and deliver future-facing careers for America’s workforce.”

The new rules go into effect 15 January, just days before Trump takes office.

[eyesofblue] 09/1/2025 15:44

Wow, I did the same, George clearly needs his meds urgently!

Here’s hoping the imminent update (Monday?) is a positive one so when the “final” dividend is announced in early March, we get another timely boost.

[waterloo01] 09/1/2025 15:40

Diversified currency revenues also adds something, given we report in ££.

[tigerbythetail] 09/1/2025 14:41

I just made the mistake of checking George Stobbarts's other posts. Complete nutcase.

[yump] 09/1/2025 10:22

I wonder if it has occurred to Miliband and Reeves that if a lot of these trusts get wound up as a result of their funding and borrowing causing depressed share prices, yet more of our infrastructure assets will end up not being in UK hands.

[clissold345] 09/1/2025 10:03

bessanalytics.com says the Ferrymuir rate so far this month (only eight days) is £100K/MW/yr. Note: Ferrymuir is just one of GSF's GB assets. Info for most of GSF's GB assets doesn't seem to be publicly available.