Gore Street Energy Storage Share Discussion Threads

[rogerrail] 07/2/2024 22:58

Clearly major shareholder Rathbones are in the process of rebalancing their portfolio seeing better value in infrastructure assets elsewhere or perhaps they were just overweight in GSF following their merger with Investec:hTtps://citywire.com/investment-trust-insider/news/selloff-tempts-rathbones-into-core-infrastructure-funds-for-the-first-time/a2435602?re=117229&refea=1742708

[scruff1] 07/2/2024 18:47

Thanks a lot coco - appreciated. I must admit I thought of you the other day when they released the update - I wondered whether it was a response to your badgering. Good man

[waterloo01] 07/2/2024 18:02

Thanks for the feedback and well done

[cocopah] 07/2/2024 17:58

#scruff1 … so as requested, some feedback from my discussion with Ben at Gore Street Capital Investor Relations.

Firstly, they are very welcoming of a discussion and interactions with private investors. I get the sense that they are frustrated with the current share price and whether the message is getting out to investors about income in the near-term future.

I asked about the difference between operational dividend cover and fund-wide dividend cover and the reason the latter is lower is that it includes more costs. I asked if this could be made clear to investors. I also asked about the income and whether or not they could be more forthcoming in terms of forward-looking statements. For example whilst Stoney may not be contributing at the average £15/kwh revenue, it is contributing in absolute terms (as will Ferrymuir when it is energised very soon). He is taking that feedback back to the decision makers.

He said it was unlikely that we would get a monthly unaudited NAV but understands that for GSF to be seen as a buy, investors need to be convinced that dividend cover is improving (ie. income) and NAV stability and growth is on an upward trajectory, because that drives the absolute level of the dividend.

I left him pondering about how investor information (that would assuage current concerns) could be packaged and communicated in a simple way.

[cocopah] 06/2/2024 14:55

I’m not sure I would call it whingeing! The fact is that Gore Street will be all over the daily figures and these will be computer modelled. Even a month after the results they will know whether income across the portfolio is holding up. The market is interested in the future and relying on a past statement (no matter how recent) is still a rear-view mirror picture. I would have been far happier if they had just said “now is not the time for more audited results, however on an unaudited basis we can confirm that there has been no material change in average income … blah blah blah”.

[scruff1] 05/2/2024 18:03

Tad disappointing finish after a promising start but lets hope its started a trend.

[scruff1] 05/2/2024 12:02

wassa. Agreed. That crossed my mind too. I personally dont think they have been too reticent. Most imo has been our frustration and of course its not free to put out a message

[mirandaj] 05/2/2024 11:18

Reports and presentations always worth reading and studying.

[nickelmer] 05/2/2024 11:15

Shore Capital has published a new research note on:
Gore Street Energy Storage Fund PLC.

Please click on the below title to see the full release:

Gore Street Energy Storage + (GSF, House Stock at 68p) - In a league of its own – FY dividend reaffirmed

[morton2011] 05/2/2024 11:15

London stock exchange RNs alerts work for me as well

[wassapper] 05/2/2024 11:14

I don't know about all the whinging here about "delayed updates". They only provided one three weeks ago!

Today's update shows that operationally and financially they see no issues with growth and divi in line, and debt low.

I also think that a lot of work went into this with operational statements backed up with detailed comments from both CEO and Chairman. This is unusual and shows how seriously they see the need to respond. These things don't just appear overnight. There's probably 3-4 days drafting involved in that lot.

Current yield is around 11% and I shall buy more when I have the funds.

[wassapper] 05/2/2024 11:09

investEgate is also good for alerts etc

[scruff1] 05/2/2024 11:01

If it helps lead I received mine from HL at around 7.40 and I pay handsomely for the privilege. Dont despair too much - we may be up around 7% today but we are about 60% off the highs - there is plenty room to go yet

[alan pt] 05/2/2024 10:47

Personally I always go to londonstockexchange.com for RNS, you can set up a track there too

[leadixon] 05/2/2024 09:45

Very very annoying, i set an ADVFN RNS alert up for this over the weekend, did i recieve one this morning......no, did a RNS get released......yes, so much for waiting to buy in lol

[yump] 05/2/2024 08:29

Perhaps we can get a recovery to 80p area, despite the battery market worry. That might take some time to overcome plus some interest rate falls.

[scruff1] 05/2/2024 08:22

Yump
This is the GSF thread. As far as Im aware my non investment comments are restricted to the Quadruped thread which ceased to be a LLoy tread donkey's years ago and which is dedicated to any comments people want to make and those posters accept that. So keep your comments about that thread to that thread please and dont try to be the advfn thought policeman. Todays Monday its a new week so give it a rest please or go over to Quadruped where I will be happy to carry on. Dont put a damper on the joy of the moment - we havent had many

[scruff1] 05/2/2024 08:04

Fair comment coco. They do tend to be reactive rather than pro active which would generate a tad more positivity around the place.

[cocopah] 05/2/2024 07:55

A welcome (if a bit late) RNS that was both necessary and required to calm shareholder nerves. However they missed a trick, communication should have included forward guidance or at least a post-reporting period update … for example “unaudited NAV remains at Y and income continues at X since the recent reporting period. FerryMuir is now energised.”

[scruff1] 05/2/2024 07:49

Well if that doesnt give it a lift nowt will.

[tonytyke2] 05/2/2024 07:38

Agreed Lord Gnome that's a strong update.

[lord gnome] 05/2/2024 07:34

A good and detailed update should put some backbone into the shares. Just what was needed. A high yield investment with no more risk than any other. Happy to hold and take the dividends.

[fordtin] 05/2/2024 07:29

"The Company's construction program is progressing per the schedule outlined on page 11 of its Interim Report "

From page 11 of its Interim Report;
"Ferrymuir Jan–end 2024"

Why couldn't they just tell us whether it's operational, without the bread crumb trail?