Gore Street Energy Storage Share Discussion Threads

[waterloo01] 02/10/2023 13:42

Be nice if they won an award for shareholder returns!



Outstanding Contribution to Energy Storage
Winner: Alex O’Cinneide, Gore Street Capital

Highly commended: Lars Stephan, Fluence

Gore Street Capital CEO Alex O’Cinneide was rightly recognised for a longstanding contribution to the rapid development of the energy storage industry. From having the vision and early foresight to launch Gore Street Energy Storage Fund to taking the developer-investor into international markets, O’Cinneide has been at the forefront and someone the market looks up to.

[scruff1] 02/10/2023 13:35

Another day another all time low. In fact we have had 6 all time lows today !! Whats 'sunk cost fallacy'?

[alan pt] 29/9/2023 11:34

The underlying performance looks good, well diversified, very cash generative. The long lead times to live running on build out are in some ways a good thing, they make the completed assets more valuable and give a nice capital gain on the build

The share price has taken a big hit, I think mostly due to the general de-rating of the sector. But that's past history, however painful to long term holders - don't cling on to sunk cost fallacy

What matters now is future potential - personally I think that's good and have doubled my initial stake

[scruff1] 29/9/2023 10:37

The problem is that as the share price keeps getting dripped down drop by drop the route back to the start becomes almost a lost cause - the gap too wide. We have only gone one way now for 18 months. There has always been a slight doubt in my mind about the future value of battery storage. That doubt is getting larger and especially so as there seems to be virtually zero appetite amongst investors. I know we have heard nothing from Stoney but its completetion didnt cause a ripple. Im not so sure that we know that the performance is fine. In fact looking at the last 18 month share price performance its far from it. In that time its lost 40%. Your divi has no way covered that - we have been hammered and there is no end in sight to the hammering. Its going to take something seismic to turn this around now. More than a little bit of an offering from EDF. At least thats how Im seeing things

[chubby chandler] 29/9/2023 10:35

Be greedy when others are fearful, looks like a good buying opp to me

[keyno] 29/9/2023 10:11

Ex-div yesterday.

[riverman77] 29/9/2023 09:17

All the infrastructure funds and specialist REITs where whacked yesterday because of another sharp rise in gilt yields. SUPR was down about 5% I think. Probably best just to look away for a couple of months until rates finally start to come down - the underlying performance is fine and this should eventually recover. In the meantime pick up the 9% dividend.

[cocopah] 29/9/2023 09:13

Unbelievable, the share price is in freefall and some investors imply they aren’t bothered. Perhaps if there’s a cut in the dividend and we go the way of DG19 people will actually start to care about this trust and the lack of communication by the CEO (he seems more interested in ESG puffery rather than shareholder interests!). Communication is vital and RNS charges are process on an annual fee basis as far as I know.🤷‍;♂️

[scruff1] 27/9/2023 12:53

I have to agree. RNS releases are not free. Unless there is something substantial in operational terms companies dont usually issue them. As far as we know EDF are operating Stoney. Thats pretty much all we know isnt it? Do we know if they have commenced an income stream? They only took it on end of July early Aug so I cant imagine they are going to communicate income for a while yet. At least thats my view.

[alan pt] 27/9/2023 09:22

Personally I see nothing of concern. It's unusual for a commercial entity to issue frequent detailed operational updates.

TBH I couldn't care less about the exact operational details of individual assets, that's what I pay the manager to worry about

[cocopah] 27/9/2023 08:02

Exactly … no news. If the CEO had shareholder interests at heart, he would surely be communicating that Stoney is up and running and likely to contribute X (we all know that one of the key reasons this stock has seen a sharp share price decline is that the dividend is not covered, so as soon as we get good news on an improvement on that fron it will lift the share price).

Admittedly we will still remain below NAV because of the risk free returns that are available, but it will still help.

Instead all I see you on the CEO’s LinkedIn account is wokery about supporting women’s day. The usual stuff that corporate entities get into now rather than putting shareholder interests first. Grrr😡

[marksp2011] 25/9/2023 18:48

Yes scruff but Cocopah was asking about Stoney and that is the proof

[waterloo01] 25/9/2023 18:34

Money still flowing into the sector state side.

[scruff1] 25/9/2023 18:23

Thats about a month old mark

[marksp2011] 25/9/2023 15:12

hxxps://renews.biz/87327/gore-street-picks-edf-to-optimise-stony-battery/

Gore Street Energy Storage Fund has selected EDF to optimise a new 80MW battery asset in Milton Keynes in England.

The energisation process for the Stony battery energy storage system (BESS) began on 31 July 2023.

Deployment of this asset is part of a pipeline of new projects that will take Gore Street Energy Storage Fund’s operational energy storage portfolio to in excess of 370MW.
As per the agreement EDF will optimise the Stony BESS through its Powershift platform, providing access to a variety of revenue streams including the Balancing Mechanism, wholesale optimisation and ancillary services, alongside making use of EDF’s trading expertise.

This is the third contract Gore Street Energy Storage Fund has awarded EDF, which already manages the trading and optimisation for both the 20MW Lascar and 20MW Hulley BESS assets.

EDF has more than 950MW of battery optimisation contracts signed.

[cocopah] 22/9/2023 16:41

Btw … does anyone know if Stoney is now up and running and what the likely contribution will be? The clowns who run this IT seem to have stopped communicating operational updates. 🙄🤷‍♂️

[cocopah] 21/9/2023 14:42

I’d say both PE and big Oilers would be interested in renewable investment trusts … great additions to their portfolios … and good income generation on the horizon for GSF makes them a prime target IMHO.

[scruff1] 21/9/2023 14:37

Murley didnt buy enough shares last week (or whenever it was) :-). I thought we may have got a bit of a boost.

[waterloo01] 21/9/2023 14:29

lol as you were saying. Now corrected

[misterd1] 21/9/2023 13:46

I'd question some of the maths

eg Resolution 11

99.93% for and 3.07% against?

[kensington gore] 21/9/2023 13:23

Tha continuation vote passed almost unanimously. But what has Thomas Murley done to upset shareholders?

[scruff1] 21/9/2023 12:53

I take it not but is there any info about the continuation vote ? Time of?

[marksp2011] 20/9/2023 16:04

I take it none of youlisten to the money makers podcast re ITs

Lots of very knowledgeable market people all pointing at the PE opportunities for the renewable trusts.