Gore Street Energy Storage Share Discussion Threads

[rustle2] 24/2/2021 07:53

hxxps://www.current-news.co.uk/news/origami-enters-gore-streets-port-of-tilbury-into-dynamic-containment-pushing-capacity-over-400mw

[rolo7] 04/2/2021 09:12

seller cleared? Making an attempt to get into fste small cap index might see some buying?

[jonwig] 16/1/2021 10:16

Since 30/09 they've issued another 60m shares at 100p (ie. nav about 98p) which they haven't deployed, so the nav should be barely changed ... unless, they've made some changes to the equations which determine the nav (discounted cashflow), such as the discount rate, etc.
An update next month, I guess.

There's another, larger company, GRID, which I hold. It's now at a larger premium.

[mirandaj] 16/1/2021 09:19

Agreed jonwig. I guess a mistake by Justin Urquhart Stewart but still very interesting even at a premium, which is about 8/9%. Good dividend for those interested.

The question is "What is the NAV now, or to be shortly?"

[jonwig] 16/1/2021 08:56

The latest NAV was 97.3p (30 Sept) and the share price is 105.5p. Hardly a discount!

[mirandaj] 16/1/2021 08:45

Quote

Any Suggestions? 

The Gore Street Energy Storage Fund has a good spread of storage businesses in the UK and Europe. 
This you should have as a longer-term investment as its price trades at a discount to the value of its assets (currently around 12  per cent) though that is not uncommon with such trusts. 
It aims to provide a remarkably high dividend yield of around 7 per cent. 
This is not a start-up industry but a well established lithium-ion battery technology and provides multiple income streams. 
So is it risky? Yes but with already operational units and in an area of growing demand, this green is not only good but financially gratifying. 

[rolo7] 16/1/2021 07:42

Daily mail esg mention today

[rolo7] 30/12/2020 20:17

Fste small cap entry soon when other shares get delisted because of their takeovers... Should get some buying, nice green share,fund this, northern island 100mw to come online soon doubling storage

[notbitcoin] 25/12/2020 10:38

Very Good lets double are money next year

[bbonsall] 15/12/2020 08:39

Sorry, double post

[bbonsall] 15/12/2020 08:38

Suggests 2.5 times over subscription.

[adamb1978] 15/12/2020 08:30

Likewise, 40% allocation

[rustle2] 15/12/2020 07:39

Yep, 40% allocation.

[johnbower] 14/12/2020 17:48

I don't think the share price drop is due to the dilution. In this instance the new capital structure should have been immediately incorporated into the share price from announcement? I suspect profit taking from those allocated shares.

[bbonsall] 14/12/2020 16:56

Rat attack
Then there is another 2p to come off the share price for ex dividend soon.

[adamb1978] 14/12/2020 11:51

I applied via my YouInvest SIPP. No news yet

[rat attack] 14/12/2020 11:47

bbonsall
I think you are right. It is effectively a rights issue so your calculations make sense. The only thing I would add is that the price is usually adjusted on the date it goes ex capital raise.

[pastybap] 14/12/2020 11:20

Just got my confirmation. Applied for 3100. Got 1240 so precisely 40%.

[bbonsall] 14/12/2020 10:48

Rat attack
Today’s share price could be a simple arithmetic adjustment due to dilution.
80 million x 106 + 60 million x 100 divided by 140 million.

[bbonsall] 14/12/2020 10:47

Rat attack
Today’s share price could be a simple arithmetic adjustment due to dilution.
80 million x 106 + 60 million x 100 divided by 140 million.

[pastybap] 14/12/2020 10:35

Yeh that's how I applied. Haven't been notified of % though. I only went for £3k so I would hope not to be scaled back too much.

[cwa1] 14/12/2020 10:09

Anyone here apply through PrimaryBid and how did you get on? They seem quick to announce/apply allocation normally