Gore Street Energy Storage Share Discussion Threads

[melody9999] 13/4/2022 10:44

Looking on AJBell, I see a stamp duty charge. Is this correct - do others have same?

[ec2] 13/4/2022 10:37

These were clearly going to be oversubscribed. Bought in the market yesterday at 112.6p and again today at 114.1p. Together with the 38% allotment from the offer this gets my portfolio weighting in these to 2% which is where I wanted it to be. Based on GRID's recent results and comparable price these still look cheap.

[spectoacc] 13/4/2022 10:36

I've found "never buy on a premium" has saved me a lot, but I accept there's occasionally justification.

SYNC a recent example - NAV largely unchanged over 2 years, yet the shares have gone from a 25% premium to a 15% discount. That's a lot of pain if you bought at the premium.

[spectoacc] 13/4/2022 10:33

Thanks @Alan PT.

I note "..Strong inflation-linkage such that a 1 per cent increase in assumed inflation is projected to result in a 0.7 per cent increase in portfolio returns"

for INPP, which with inflation shooting the lights out, probably isn't bad (but still lagging - no luck finding an RPI uncapped linkage).

I'd maybe fancy GSF's current NAV to be higher than stated than INPP's tho - based on GRID the other day.

[scruff1] 13/4/2022 10:33

Spec
UKW 16% premium. Asking for a haircut at some point I would imagine. Folk getting carried away imo.

[alan pt] 13/4/2022 10:29

INPP is at a perpetual premium, averaging around 15% for the last few years, so buying it at a 7% premium is a pretty safe bet

Even with the INPP offer in play, HICL is still at the top of it's range on around a 15% premium, so there seems to be plenty of demand there

Both have a very high inflation correlation, which may account for it!

[nerja] 13/4/2022 10:23

My placement ones on ii are at 38% but the ones I applied for from the corporate action are still showing the 18 k I asked for, anybody else applied through the corporate way?

[spectoacc] 13/4/2022 10:22

Now, is the market getting toppy when everyone's piling into issues at premiums to NAV - GSF, INPP...

Just askin' ;)

(I went for GSF - got 34.4% in iii).

[alan pt] 13/4/2022 10:20

Well, just means a bit more cash available for the INPP offer, AJB tell me they will open it later today

[waterloo01] 13/4/2022 10:08

I guess for some they sold shares at 112.5 in order to buy more at 110 only to find they only get 38% allocation.

[eaaxs06] 13/4/2022 10:05

I know we’re all disappointed at only receiving a 38% allocation and thinking we are hard done by. But at least the offer went through very well and (looks like) there will be healthy premium on the shares allocated.

I’d rather have it that way than the offer was under subscribed where I got my full allocation, which would then trading at a discount to the 110p issue price, leaving us all sitting on a sizeable loss.

Good luck everyone, Sid.

[elbrus55] 13/4/2022 09:59

II.CO.UK: Customers will receive approximately 38% of the amount applied for rounded down to the nearest whole share.Should be the same for all intermediaries.

[gbcol] 13/4/2022 09:51

Yes what eaax said. Look at active orders. That will be what you are getting.

[janeann] 13/4/2022 09:50

Thanks.......yes thats there now eaaxs..... wasnt earlier this am tho! and yes not as many as I wanted - by c 40%!

[eaaxs06] 13/4/2022 09:45

jane - Have you tried looking in the active order section on AJB. There is an extra line on there that shows how many have been allocated to my account and it looks to be about 40%, the same as GBCol.

Good luck everyone, Sid.

[janeann] 13/4/2022 09:42

GBCol - My AJB doesnt give any clue yet to what I have got......nor have any funds been returned. Did you phone to enquire or is it showing on your account?

ta

[gbcol] 13/4/2022 09:01

Looks like I got a bit under 40% of what I applied for through AJ Bell which is extremely disappointing. Can’t even top up in market until they return my unused funds :(

[hindsight] 13/4/2022 08:56

38% on Idealing apparantly. Hopefully future Issuerers will see brokers as better route than primary bid now.

[nimbo1] 13/4/2022 08:42

I just phoned Hargreaves and they said allocations won't be known until tomorrow when the shares 'get delivered' - then people will be told / shares put in the accounts.

[cwa1] 13/4/2022 08:34

Do "we" think that the PB scale back will be indicative of what happens elsewhere(other broker applications), or is it likely to be radically different? I've applied across three different brokers in the hope of getting a sensible allocation-but hoping I won't be heavily scaled back in all of them thus ending up with holdings that are barely worth having

[spectoacc] 13/4/2022 08:27

Yet another PrimaryBid hardly worth the effort due to low allocation. Why not close it early if even once doubled, it's way over-subscribed?

[nimbo1] 13/4/2022 07:28

All the shares I went for were in the intermediaries offer via HL - no news yet. I wasn’t a holder before I applied. But put 10 percent pf position in over last few days around 113 incase I didn’t get many. Will let you know if I get any!

[scruff1] 13/4/2022 07:25

I did wonder that skinny. I dont think they were keen on allowing me through after their stated deadline. Its possible its never been requested before. Maybe they will develop a policy for future requests. As you say c'est la vie. Maybe the next time.

[skinny] 13/4/2022 07:05

Scuff - when I realised I'd missed the deadline, I phoned on Monday and was told that nothing could be done - I assume as you'd already applied, it was subject to different criteria - C'est La Vie.

[alanpro1] 12/4/2022 23:57

Applied for 90 got 32 through primarybid. Hope they return £ ASAP so I can buy remaining in the market. Massively scaled. Roll on £1.2