Gore Street Energy Storage Share Discussion Threads

[cocopah] 02/4/2023 10:17

#NickGrant2 really good share thank you! I’m not too fazed about his response because it’s probably tied to the 0.7 dividend cover which IMHO will improve to 1.0 this autumn. 🤔

[nickgrant2] 01/4/2023 09:58

hxxps://quoteddata.com/events/quoteddatas-investment-trust-weekly-news-roundup-show-alex-ocinneide-gore-street-energy-storage-fund-andrew-mchattie-investment-trust-newsletter/

If you can defeat the incompetent robo-challenge :-(

Thought AO was slightly vague and evasive on some things. Single question about why share price is so far below NAV. No explanation or speculation provided.

[waterloo01] 31/3/2023 08:49

More like it. Still well below NAV

[waterloo01] 29/3/2023 12:46

Some read across from the Octopus renewables. I keep adding small amounts here.

[bountyhunter] 24/3/2023 18:34

Scuff I think it is general market weakness not anything specific. Yield now 7.1% with consistent quarterly dividend payments.

[nerja] 23/3/2023 17:55

Given up bailed out for now, will watch for any real signs of a turnaround, good luck to holders

[scruff1] 20/3/2023 17:29

52 week low at the moment despite being 52 weeks closer to greater cash generation and greater need for energy storage. Apart from making guesses I cant see whats producing the constant drip downwards or why we seem to be the black sheep. I think all my other stocks have had a bounce of some sort today. This is the only one that has regressed. Im not one for keep nattering about adding but I am thinking if I have confidence in the eventual success of GSF then now must be a good time to up my holding and if I havent then perhaps I should sell the lot. The constant drip makes me wonder if there is some fundamental problem of which I am unaware. Although even GRID hasnt moved much since last summer. Any views/opinions as to how this may play out?

[waterloo01] 16/3/2023 18:31

I've added a few before divi and after. They will benefit from both the budget allowances on capital spend but also the Inflation reduction act in the US. This was trading at a premium to NAV for ages, and IMV is a steady addition to a dividend PF esp below NAV

[nickelmer] 16/3/2023 18:14

Ex-dividend knocked 2p off the price today.

[yump] 16/3/2023 17:04

Well some folk certainly don't like the look of it. No permanent recovery in the share price. Probably too many unknowns at the moment, but whether that's an opportunity or not is tricky to work out. As that set of comments hints at, there is a risk of more than one factor affecting the progress of projects and their future returns.

[petewy] 15/3/2023 10:39

Thanks Miranda

[scruff1] 15/3/2023 08:31

Very good. Just need an increase in my NAV now !

[r2oo] 09/3/2023 20:17

Yep me too.This will be a great long term hold. Added yesterday

[waterloo01] 09/3/2023 09:05

Happy to add below NAV.

[scruff1] 09/3/2023 07:59

Divi 2.0. NAV 113.5 up 2.4. Nice change from the reits

[cocopah] 06/3/2023 17:36

#Scruff1 … yes I agree, I can’t remember off the top of my head, but I think that the income will start to grow significantly from later next year … of course, we don’t know what the income contracts will be … however I am a believer in this stock, given the need to balance the grid from renewables will only continue to grow. 👍🏻

[scruff1] 05/3/2023 09:31

Coco
Short term? Arent we looking towards greater income coming on stream from this year onwards?

[cocopah] 05/3/2023 08:26

On the proviso that there is no capital raising through a share issue, then with 481m shares in issue the 7.5p dividend (I’m assuming that will happen because of the increase in NAV) will cost around £36m so good to see that the income now means an improvement to the dividend cover (at least in the short-term).

[cocopah] 02/3/2023 00:20

NextEnergy getting into the battery storage space too. Interesting to see what happens in the sector! Mergers for scale makes sense to me. 🤔

[fordtin] 28/2/2023 10:38

While I’ve been holding shares they’ve raised funds at 102p(NAV 99.6p), 107p(NAV 101p), 110p(NAV 103.9p).

I have no problem with them raising more funds if they can maintain that upward trend at a premium to NAV.

With last reported NAV of 111.1 pence as at 30 Sep 2022, and the chairman buying £200k worth of shares @ 113.36p, I’m inclined to think the next raise won’t occur until the share price reaches at least 123p, so they can discount the next placing down to about 116p or better.

edit - As that NAV figure is 5 months out of date, the next NAV announcement could paint an entirely different picture.

[scruff1] 28/2/2023 07:55

fordtin
Yep. Had a brief shufty before I left yesterday am. Looks like I mis read it - I suppose because I was expecting a raise. Still am at some point.