Gore Street Energy Storage Share Discussion Threads

[boonkoh] 13/9/2021 22:23

Why pay a premium to NAV (101p) when you can just wait for the next equity fundraising at a discount to prevailing share price. Inevitable as their ambition is to keep buying more assets over time.They do the placings via PrimaryBid so super easy to participate as a retail investor. Just wait and buy.

[cocopah] 07/9/2021 08:13

Latest NAV after capital raising now £1.01. Divi of 2p confirmed (slightly earlier pmt then last year, ex on 16th Sept and paid on 8th Oct). I would have liked an income update too.

[cocopah] 04/8/2021 09:05

Interesting RNS this morning … it would be good to know if the BOD actually have a specific purpose for the money. The RNS alludes (inter alia) to supporting divi payments but these are/should easily be covered by ongoing bau performance. Relatively small potatoes but still … 🤔🤔

[cwa1] 22/7/2021 11:42

XD today, pay day 13-Aug

[cocopah] 15/7/2021 20:28

The total number of shares in circulation is currently 276.22 million … so the cost of the divi this year at 7p is going to be £19.3m. This means net income must increase by at least £5m on the net income just reported. Actually it will need to be higher because of course the payout ratio will not be 100%. I couldn’t find a strategic objective related to the payout ratio but let’s assume it’s 65% (finger in the air) then net income needs to be c£30m this year. I have no idea whether this is easily achievable or not because it isn’t clear what this year’s increase in capacity will be, when it will come online and how the net income increase just reported for last year was attributable to additional capacity (and when that came online). If anyone can enlighten me I would be grateful.

[rustle2] 15/7/2021 16:19

hxxps://www.solarpowerportal.co.uk/news/gore_street_hails_exceptional_period_as_dynamic_containment_helps_triple_ne

Personally, I need to look properly at the figures to work out where this 'exceptional income' has gone.

[mirandaj] 13/7/2021 08:22

Anything is possible! There has also been recent publicity about fires breaking out but nothing to do with Gore Street Energy Storage

[cocopah] 12/7/2021 22:42

Mirandaj do you think ex BP Haywood’s SPAC will have us and GRID on his radar?

hxxps://news.sky.com/story/amp/former-bp-chief-hayward-plots-float-of-energy-transition-spac-12352984

[mirandaj] 08/7/2021 14:31

This is a very good site if you ever wish to check on RNS. For example for GSF



Or click on "Today's announcements" and it gives all RNS for companies as they appear.

[2paperman] 08/7/2021 13:57

GatesideThanks for the link.

[2paperman] 08/7/2021 08:36

Scruff1Thanks for the direction, very handy, will do.

[gateside] 06/7/2021 23:31

Or use the company website

[gateside] 06/7/2021 23:30

You can create a portfolio on the London Stock Exchange's website, and set up email alerts from them.

[scruff1] 06/7/2021 21:48

Zpap
I use HL.Trust me you can though not on your ap. Go to 'Account Settings' and then look for 'emails and alerts' (something like that) and then you can set what alerts you like. I dont set RNS alerts for BP and LLoy etc cos they can be every 5 minutes. Price alerts are good - depending on your own preferences etc. They are there but take a bit of looking for maybe (I find HL a bit like that). Good luck buddy

[2paperman] 06/7/2021 13:36

Scruff1, I use H & L but they don't send rns as you say, maybe it's something I've got to turn on, thanks

[scruff1] 06/7/2021 08:43

Zpap
Dont know who your broker is but most do the same. Mine send me every RNS from all my holdings - simpler than using the co's web

[2paperman] 06/7/2021 06:01

Cocopah will do, thanks

[cocopah] 05/7/2021 22:13

2paperman just log on to the Gore Street Energy Fund website and page down to investor updates, sign-up and they will send you investor alerts to your mailbox (which are free). 👍🏻

[2paperman] 05/7/2021 18:50

Cocopah. Thanks for the clarification, I could not find the announcement.

[cocopah] 05/7/2021 18:35

2paperman Due to go ex-div on the 8/7, payment on 22/7. I think the recent announcement pushed the results back a week until 15/7, so this might also push the ex-div and payment date back a week or so.

[2paperman] 05/7/2021 12:42

Last dividend in March, next one seems overdue ?

[lageraemia] 02/7/2021 08:50

I've bough a handful more for my investment club this morning.

Rude not to really.

[cocopah] 01/7/2021 16:34

PDT you may have hit the nail on the head and some investors may have sold taking profits especially if they bought at 1.02-1.04 here (perhaps thinking that when our results are announced another fund raise will be too). Personally I wouldn’t be surprised if there is as GSF will need to keep growing to maintain their first-mover advantage. As an income investor I’ll probably resist the opportunity to make some short-term money on such a bet, others will no doubt think differently.

Interesting that GRID were trading at £1.21 on a NAV of £1.06, a premium of 13%-ish before today’s announcement. I’d like to think that our NAV is north of £1.02 now so we are still trading at a lower premium than they were. If I had one wish it would be that we received monthly NAV updates (e.g. like SEQI do) and/or that GSF had a Twitter page which they used to communicate with investors. Gore Street do have a Twitter page … last used in 2018! 😂🤷‍♂️👍🏻