Gore Street Energy Storage Share Discussion Threads

[tonytyke2] 14/2/2024 13:45

Difficult one Brucie5 but I've taken the opportunity to add at some of these severely discounted NAVS, in no rush and willing to wait a few years. Added here and also with discounts at, SUPR (22.3%), GCP (37%) ATT (14.7%) APEO (32.3).Let's see how it goes, good luck all.

[alan pt] 14/2/2024 12:41

Now 12% yield, you're a few hours out of date :)

[brucie5] 14/2/2024 12:30

Back to 43% discount/ 11% yield.
Hmm.

[alan pt] 14/2/2024 11:49

Not quite there, ATL at the end of Oct was just above 60. Might get there today though!

I stick to my point about interest rate expectations being the main driver, but yes, there's something else here. Whether it's just the rathbones/investec merger selldown or something more structural is hard to tell

[scruff1] 14/2/2024 11:34

Well it was the ATL. After the other week I was hoping this was behind us. Obviously there is an issue that we are not aware of because this isnt the work of PI's with over a million sales and a couple of thousand buys (and they are not that unreliable). In cases like this it usually gets out in the open but this has been going on since the middle of last year. No one can be selling at a profit. It really must be getting close to a total capitulation imo

[kev0856153] 14/2/2024 11:03

I picked up some of this filth at 62.7p

[scruff1] 13/2/2024 21:49

Just a quickie coco but Im not sure how they can do that as it changes constantly. They can really only report 'improving' capacity or change in income generated say last month which is available.

[cocopah] 13/2/2024 20:17

Not sure how many of you pester the CEO and Gore Street Capital (like I do) but I hope there’s a swathe of you. If Peel are talking nonsense then silence is not the answer. If the market doesn’t believe the improving income story, then GSF should put the record straight, if not they should fess-up any shortcomings to investors and outline what they will do about it. Sitting on their hands and biting their nails doesn’t help anyone.🤷R05;♂️🫣

p.s. I’m not sure the LSE commentary is all that tbh.

[scruff1] 13/2/2024 18:46

I did think water when I read the LSE posts of your complaining about management. They do need to tighten up some as they are not instilling a feeling of control - in me at least. It could be the reason for our lowly share price when after last week we were expecting to be the blue eyed boy. For whatever reason the market isnt convinced - Rathbones sold around a million last month and it looks today as someone is selling off quite heavily.

I wouldnt care too much what Peel Holdings think. Anyone wanting to remain employed in the instis will be doing their own searching through the available data. If Peel are correct they will concur and if not they will give em two fingers. Especially as it stands its hard to fathom how Peel come to that conclusion. Ok Germany is in trouble but we dont have too much exposure there and it still pays more than GB and who would bet against it being back on track before us and the US pays so much more than the UK its hard to follow that line. By the way - bit pedantic but Peel Holdings is now the Peel Group

[waterloo01] 13/2/2024 18:17

They are good questions raised on LSE with some validity but think his NAV reduction of 50% is well off the mark. Still good to see some research from a PI

[timmy40] 13/2/2024 17:54

The fact that Gore is international, particularly US, given their infrastructure spend, is why I purchased here, rather than Gresham, as only UK. I'd be interested to know exactly why Peel believes diversification in this space is a bad thing ? Ultimately, it will now be manipulated by the market in the short term awaiting more positive news flow/statement from company management or alternative analytical opinion that is more positive.

[yump] 13/2/2024 17:48

So here's the latest way in which the UK will royally shaft itself...

REIT's used UK investors money to buy and construct assets.
Labour will get in and mess with the renewables market, including a mad hatter windfall tax.
There will also be revenue reductions for the REIT's.
Meanwhile interest rates will do nothing much.
REITs won't be able to maintain dividends, so they'll sell off assets cheaper than should be the case.
Overseas companies are already eyeing up the assets.

Hey presto, our supposedly secure renewables infrastructure gradually ends up in foreign hands.

[waterloo01] 13/2/2024 17:24

Some reasonable questions although one of the key points, over and above market saturation, and battery life, is the forward 20yr revenue curve. Well yes if you take the last 6 months in the UK those won't be hit, but over 20 yrs? Much more likely?

[scruff1] 13/2/2024 17:01

Couple of posts worth reading on the LSE site. Ive not checked to validate yet but gives a bit of a reality check maybe

[waterloo01] 13/2/2024 16:54

Shameful but not surprised. Most of the brokers and 'research' houses are wholly partisan

[george stobbart] 13/2/2024 16:28

Peel Hunt has long been a cheerleader for GRID. Gresham House is the second largest owner of Peel Hunt shares (PEEL.L) so it makes sense for them to spread hoaxes on GSF.

Their note says GB is best battery market on planet earth and international diversification will kill GSF

[ghhghh] 13/2/2024 16:19

Peel Hunt have downgraded to Underperform and maintained GRID as Outperform

[scruff1] 13/2/2024 14:56

Not looking at the graph - unless they have offered a sack of rice

[george stobart] 13/2/2024 14:32

are the rumours of the japanese buying GSF shares true?

[cocopah] 13/2/2024 14:11

I’ve been clamouring for clear communication on monthly income and NAV for a while. It’s not difficult to assimilate the unaudited numbers either. #GSF wouldn’t need to do this forever but desperate times and all that … also if GB income is now down to (say) £4.50 per kWh, then provided the overall portfolio is still nudging £13.00-£15.00 per kWh dividend cover is still improving.🤷‍♂️;

[alan pt] 13/2/2024 12:49

Citywire today "The FTSE 100 continued to drift lower as the latest jobs data did nothing to lift hopes for an early interest rate cut."

Look at other infra (eg TRIG), REITS, you'll see that the curves look very similar - big jump before Christmas as interest rate optimism ruled, now back down to their lows

It may not entirely make sense, but this is the reality of how the market views all of these plays. As soon as the mood music on interest rates reverses, it will bounce

[scruff1] 13/2/2024 12:27

This has to be worrying. 7%+ down in a day and a half. Some very heavy selling it appears -and this is after we have congratulated ourselves on being the best in class. Something is seriously amiss. Any views?

[clissold345] 13/2/2024 11:18

scruff1 - Sorry I forgot about the Owner option on the Performance page on bessanalytics.com, which comes close to giving me the info I want.

[scruff1] 13/2/2024 09:20

Why is the website no good? Otherwise you would have to do similar for each of the 9 sites (or however many)