Gore Street Energy Storage Share Discussion Threads

[aamhager] 07/4/2021 08:24

This one is exclusive to Primarybid

[n0rbie] 07/4/2021 08:17

@bothdavis you can buy direct into your ISA / SIPP if your broker supports IPOs and placings. For example AJ Bell Youinvest supports the larger ones - expect it to appear on this list shortly (link removed - search youinvest ipo)

It's only the smaller raises (<£100m) that PB gets exclusives on, they typically have very small windows to buy too.

[insanityideas] 06/4/2021 12:45

Wait long enough and you might be able to pick these up on the open market for very similar price to the primarybid offer. Buy straight into your ISA and save on the Halifax fees and extra complication of buying on two platforms and doing a transfer in.Certainly worth plugging the fees and your desired number of shares into a spreadsheet and seeing what market price makes breakeven (I can't remember off top of my head if Halifax charge a fixed fee or percentage fee, but I presume it would include their standard trading fee).Set a limit buy order in your Halifax account if you don't want to watch the price all the time (this order type is free to use in their Iweb ISA account). Most of these 'renewable funds' generally dip to at or near the placing price at some point during the placing period.

[bothdavis] 06/4/2021 11:57

Thanks Toffeeman, I have signed up to PrimaryBid have a feeling Halifax will charge to put them from my dealing account to my ISA.
Can't buy straight into ISA from PrimaryBid!!

[notbitcoin] 06/4/2021 10:49

How many times do they need more cash. Just as share start climb they do this .xxxx.xxxx.

[toffeeman] 06/4/2021 10:27

You buy them via a trading account and then transfer to you ISA as part of the annual £20k

[bothdavis] 06/4/2021 09:57

Wanted to buy some for the new tax year - placing....so annoying!

If I go via Primary bid how do I then get the shares into my ISA?

[rolo7] 30/3/2021 16:16

Share placing coming they said also so am waiting and this will go into small cap index in June? So will get some interest. Need to invest a big lump sum here to make investment worthwhile.

[robertspc1] 30/3/2021 12:47

I fully agree... decent yield and capital upside

[adamb1978] 30/3/2021 12:01

Agreed, nice update. Following the above comments, I dont think this (or the broader asset class) is something which you'd hold if you're looking for 'spectacular' gains but if yields make fixed income uninvestable (which I think they are) then I think you can look at something like this as a bond proxy. You'll make a few % income p.a. but also get a bit of capital growth hopefully as upside too and with relatively low risk. I think if you're looking for much more than that, its the not the right investment for you

[route1] 30/3/2021 11:05

I don't think you will be disappointed.

[petewy] 30/3/2021 08:42

Healthy update

[zeppo] 24/3/2021 18:28

I'm in: Ian Cowie in his 'Personal Account' in the Sunday Times frequently mentions it.

And it has a useful dividend.

[brucie5] 24/3/2021 17:21

Interesting, thanks. I don't yet hold, but it's on my watchlist for dividends, certainly.

[lageraemia] 24/3/2021 17:04

Agreed, I'm not expecting spectacular, but the dividend is healthy to say the least, and a couple of years or more of slightly growing NAV and income should really light
a modest fire under the share price.

[webby] 24/3/2021 17:03

Yes the new dynamic containment deal should provide income over and above that required to pay the 7pence dividend.

[brucie5] 24/3/2021 15:48

I guess if there's progressive dividend policy that might attract investors in lieu of any spectacular capital upside.

[lageraemia] 24/3/2021 15:45

I thought they were also expanding into the Republic of Ireland so not limited to the UK?

For me that recent balancing deal announced on 3rd March and the update on the 8th March support some future growth through reinvestment of earnings after the dividend has been paid.

Slow and steady, but this looks a LOT safer than a lot of sovereign debt in the era of massive money printing, whilst given additional capital growth potential.

[webby] 24/3/2021 15:09

I am a holder of these as well as the Gresham house fund which is very similar. I don't see any big gains unless the income grows substantially allowing larger payouts.

[brucie5] 24/3/2021 13:01

Any targets for this sp? Interesting play in what must be a huge growth sector, albeit limited to the UK.

[mirandaj] 12/3/2021 07:56

11th March:

[cwa1] 08/3/2021 07:45

Dividend Declaration

The Board of Directors (the "Board") of Gore Street is today pleased to declare an interim dividend of 2.0 pence per share for the period 1 October 2020 to 31 December 2020. The dividend will be paid on or around 9 April 2021 to shareholders on the register on 18 March 2021.

Since the last audited NAV as at 31 March 2020, the Company's NAV appreciated from 94.6 pence per share to 99.6 pence per share, an increase of 5.0 pence per share or 5.29%. During the last twelve months of wider equity market uncertainty, the Company has announced 7 pence per share in dividends as targeted. Total NAV return, including the 7.0 pence paid in dividends, was 10.9%.

Intention of Equity Raise

Proceeds of the December 2020 placing have been fully allocated to high quality projects selected by the Investment Adviser. The Company and its Investment Adviser continues to have a significant pipeline of new attractive projects and is considering a potential equity raise as part of its existing placing programme, which it intends to use as and when appropriate.