Gore Street Energy Storage Share Discussion Threads

[spectoacc] 22/3/2022 11:53

C shares at £1 are invariably at a premium to NAV due to costs - eg cash raised will be more like 98.5p per £1.

If there's one thing you can guarantee from all these ITs - as soon as the price pops up, they issue more shares. Perhaps GSF have the right idea in saying they'll issue £750m over 12 months, but since current mkt cap c.£400m, can see it being done at much nearer to NAV.

[scruff1] 22/3/2022 09:20

William
Why would c shares be issued at a premium to NAV? Would defeat the object

[cocopah] 22/3/2022 09:03

C shares issued at £1 … in theory to allow investors to subscribe for new shares without negatively affecting existing shareholders, we shall see!

[williamcooper104] 22/3/2022 08:38

Yep; 110p would be my guess New divi policy is a little strange in that it implies an element of capital dividends in that if NAV goes up just because of yield shift then the increased dividend could not come from higher income so can only be capital - but clearly expresses confidence so all good Note that they appear to say that any C Shares could be issued at £1 - and not at a premium to NAV - bit confusing - but highlights how important for private investors to be able to participate via primary bid

[nerja] 22/3/2022 08:37

Last time is was 107p , I bought in the market at 108p then and again at 109p , so hope to get in at 111p ish, whatever it is set at it will drop to just above it imo

[nerja] 22/3/2022 08:33

Yep mine is 110p

[scruff1] 22/3/2022 08:26

My bet around 110

[scruff1] 22/3/2022 08:24

Bit of clarification needed here. 750m share issuance. Initial issuance followed by 12 monthly issuance programme. NAV currently 103. Shares to be issued 'not less than NAV plus a premium to cover expenses (I bet there will be!!). Anyone care to suggest a price?

[scruff1] 22/3/2022 08:04

Well theres gonna be a placing so we gonna be worse off for a while. Bit of an eggon possibly to get it going but should be benfecial if the NAV rises. Thats my early take

[eggbaconandbubble] 22/3/2022 07:56

New divi policy. Can someone please translate that into simple English please!

Are we better or worse off dividend wise?

[scruff1] 20/3/2022 10:08

Reasonably interesting article about pumped storage in the Telegraph. Hardly news though. I had a tour of Dinorwic in the 70's when it was under construction. No doubt that storage is a critical factor if renewables are to attain their potential. Question is - how much of that will be provided by batteries? Certainly the potential of water schemes would seem integral

[mylands] 18/3/2022 09:20

Add back the 2p div we will be receiving on, or about, the 8th April and we are steady at the ATH of 120p.

[gateside] 16/3/2022 18:25

Ex dividend tomorrow for 2p

[mylands] 14/3/2022 08:57

The bricks keep on being added to the GSF wall, now we are up in Scotland.

[mylands] 11/3/2022 12:26

SP on the move!

[williamcooper104] 11/3/2022 09:25

Yep; has a lot of tailwinds Wondering why GRID looks like it's outperformed on share price - premium to NAV Will look at when get time - I held GRID on IPO and sold for capital gain - will have to look again

[mylands] 11/3/2022 09:21

CWA1

Thanks for the link. Cowie bought at the same price I first went in to these, 105p.

Good to see some follow-up buying this morning and a further small tick-up in the share price

A week today is the record date for the div, so buy before then to get some income.

[mylands] 10/3/2022 11:21

Good support for the stock at this new high with only two sales, totalling 1,852, shares out of 275,000 traded so far today.

[mylands] 10/3/2022 08:43

WCooper104

So will I!

Doing nicely with this stock, bought in at 105p when it was yielding 6.6%, even at 117p, it still yields 5.9%.

Record date for next payment of 2p qtrly div is 18th March, for payment on 8th April.

I like what they are doing diversifying geographically in an area of growth, energy storage, especialy relevant at a time of serious political turmoil.

[cocopah] 10/3/2022 07:50

From the investor updates this morning … why are Perfect Power Solutions selling their energy storage units to GSF? (it’s a core part of their business) … and the cost increase for the smaller related party agreements … up to 1% of NAV looks significant and adds what exactly? Hmm!

[18bt] 10/3/2022 07:33

I do wonder whether the shortage of lithium is going to make further additions either difficult or much more expensive, so I think they would need to answer that in a fundraise. I'm not so sure about big geographical diversification - the management costs of being small players in huge markets (or in the US case, lots of local markets) will be high.