Gore Street Energy Storage Share Discussion Threads

[george stobbart] 01/5/2024 20:27

Blue horseshoe loves GSF. RNS incoming

[cocopah] 01/5/2024 20:09

There was a solar storage conference yesterday in London and the CEO of GSF (Dr Alex O’Cinneide) has shared some posts from the conference on LinkedIn. Well worth a read especially as one post focuses on Ercot in Texas and also the California market. Not sure that I understood all of the detail but it was insightful. Hope you all get to have a look-see.

[daveoz1] 01/5/2024 16:29

Waterloo 1441: Blue horseshoe loves GSF. I googled it (you'd think I had something better to do with my time, wouldn't you..). 'The movie Wall Street uses the phrase, "Blue Horseshoe loves Anacot Steel," as a code for insider trading.' You're welcome, everyone.

[fordtin] 01/5/2024 13:13

There's bound to be one by the Umpteenth of NoWonder Plenty PlentyFour

[bountyhunter] 01/5/2024 12:13

an RNS is obviously coming, any particular date?

[george stobart] 01/5/2024 09:35

Thanks scruff, as I said I never promise I only guarantee

[scruff1] 01/5/2024 08:54

One thing for absolute certain - an RNS is coming. Well spotted George. Hope the haulage business is ok.

[keyno] 01/5/2024 08:19

Why oh why do these boards attract so many loonies?

GS back on filter ......

[return_of_the_apeman] 01/5/2024 08:17

If you were searching for a label, the uncovered but attractive yield surely has made this a classic dividend trap stock

[george stobart] 01/5/2024 07:58

RNS is coming. Wait and see.

I never promise returns, I only guarantee

[cousinit] 01/5/2024 07:46

A lot of trusts seem to trade in very strange ways of late. Much of previous buying was in open ended multi asset/income funds. If they have redemptions and need to raise cash, they can only hold back on cheap names for so long. Potential buyers can drive hard bargains as any PI buying can only soak up so much.

[scruff1] 01/5/2024 07:09

CC2
Agreed. Currently this is pretty much a non stock. The share price performance is dire. The yield is fine if you are buying in at this dire level not so fine if like me you have bought much higher and you wouldnt put your neighbours house on it being maintained.
Most of us on here have been following this for years and still havent really got a clue where it is going or why? Of all my stocks this is the one that I feel I have the least understanding or control.

[bountyhunter] 01/5/2024 06:55

The GSF yield is 12.8% with the dividend maintained or increased every year since first paid in 2018. From an income perspective GSF has performed well although the share price doesn't reflect this.

[cc2014] 01/5/2024 06:53

I'm with Alan on this one. The price invested at is irrelevant. The only consideration is a view on where the share price goes next. Everything is about the opportunity cost of investing elsewhere

I'm also struggling to see this an income stock. "Income stocks" tend to be slow and steady, certainly not as volatile as this on. Also, describing it as an income stock when the other two competitors GRID and HEIT seems odd. Income stocks without income.

[waterloo01] 01/5/2024 06:31

OK thanks.

[livewireplus] 01/5/2024 06:30

I think that post came to him in a dream - or was it a nightmare? (Retorical Question, isn't it?)

[spectoacc] 01/5/2024 06:30

If you've not filtered GS yet, you really should.

[waterloo01] 01/5/2024 06:20

What was your post about?

george stobbart30 Apr '24 - 16:08 - 1435 of 1440
0 1 1
Blue horseshoe loves GSF.

RNS drafted as we speak and will be released tomorrow 1st May at 7am.

We are going to miss GSF from the listed markets but it is what it is. The drain of UK PLC continues.

[cocopah] 30/4/2024 20:47

@AlanPT we certainly have different ways of assessing, it may be age related. What is invested is always relevant and losses only crytalise when you sell … as a long-term income investor I’m happy to be receiving over 7% and a small amount of capital appreciation is always welcome (capital loss not so). This is essentially an income play and in my eyes has always been so. We will see how things pan-out. I can empathise re: DG19 … it was on my radar and thankfully events distracted me! 👍🏻😎

[cocopah] 30/4/2024 20:44

@AlanPT see post below

[alan pt] 30/4/2024 19:36

@Cocopah Not arguing with your personal decision, but it does depend on your assessments & expectations

1) How much you paid is irrelevant (sunk cost fallacy)
2) What is your expected holding timeframe?
3) What return do you expect to get over that timeframe?
4) Do other investment opportunities offer less return (then hold), equal return (then sell some and spread risk), or more return (then sell all)

If you expect, for example, a 40% return on current GSF price by end of year and you can't see any other similar opportunities then indeed selling would be ridiculous

It is very hard to do this consistently, even for professional investors. We all become somewhat emotionally invested in things where we are financially invested (often unreasonably positively, sometimes unreasonably negatively when we have been burned). As a past and current DGI9 investor I recognise my own failings in this respect :)

[cocopah] 30/4/2024 16:55

#AlanPT as I said, In my previous post, I don’t think it will necessarily regain all the losses from (say) £1.03 down … but it should regain some ground from here when California comes on-line … and at that time I will make the call. Selling now would be a ridiculous thing to do unless people believe it’s worthless. No emotion in this perspective.

[waterloo01] 30/4/2024 16:49

Explanation? Do hope not. I'm willing to wait for the share price pick up, while taking the divi.