Gore Street Energy Storage Share Discussion Threads

[bagpuss67] 23/7/2024 10:16

A few comments from Oak Bloke on his substack on this.

[waterloo01] 22/7/2024 15:25

Does anyone have a handle on the implications of Trump pulling the IRA on GORE? Our big build, and tax credit will be before any changes, and there is a lot in the act he probably likes, so not certain they will reverse.

Unlikely any tax change would be retrospective, so one reading could be that anything post dogfish Feb 25 gets delayed/sold, so don't need the capex spend in 25, do

[george stobart] 22/7/2024 15:23

Rumour says that CIA tried to take out Trump because he hates GSF

But Trump outsmart you plebs and Shorted GSF before the event

[williamcooper104] 22/7/2024 14:47

Biden was smart in putting renewables into red states

[williamcooper104] 22/7/2024 14:47

Getting anything through Congress is not easy For this to be rolled back Trump needs to both get in, and take congress with a such a majority that the congress reps from red states with huge renewable industries (eg Texas) aren't able to block It's a low risk, especially with Biden gone That said the share price is likely to trade around the election, falling the more likely it looks to be a Trump win I own a US prison REIT - so that's my Trump hedge ;)

[probablynotphil] 22/7/2024 14:23

With the uncertainty around IRA tax credits in the new USA sites, I feel like this IT has become a dice roll. If Trump gets in, it will nose dive. If the Dems win, it will rocket. Too risky for me currently, though if the share price drops below 55p I'd be very tempted to roll the dice.

[marksp2011] 21/7/2024 13:31

Not an insider but I bought another 5k and have 3 x 5 k limit orders in place

57p please

[spectoacc] 18/7/2024 13:02

Talking about that, with the results out the way, would be really good to see some insider buying. Might give a bit of confidence in the will they-won't they 4p final qtr divi next yr.

[scruff1] 18/7/2024 13:00

Thats fair comment Morton

[morton2011] 18/7/2024 11:29

Some Q&A's are in annual report. Not all the Q's perhaps posters want answered.I find the annual report very detailed compared to most of the IT's I have invested in.Definitely some risk here but they are not hiding it.Mgmt and fees not going to change. Large investors will decide and 2 of them put in £27 million of extra equity last year above NAV so were happy enough with the share price and mgmt.

[scruff1] 17/7/2024 18:25

Just guessing fordy. The nature of the trades suggests an unloading imo. Rathbones last unloading - about 4.5m reported at end of May

[cocopah] 17/7/2024 16:42

Gore Street Capital don’t like it when you challenge them on the significant fees and charges they are getting away with … more investors should post on their LinkedIn profile and social media posts. Just look at the #GSF financials for starters! 🤷‍a94;️ 🙄

[fordtin] 17/7/2024 16:02

ADVFN haven't reported the Rathbone RNS yet, can you post a link

[scruff1] 17/7/2024 15:43

And it looks like Rathbones is flogging em again so we could be in for a sub 60 ride. Its been a fun stock hasnt it

[scruff1] 17/7/2024 13:00

Looking more like when rather than if

[williamcooper104] 17/7/2024 11:42

It'll damage sentiment and share price if Trump takes presidency and congress

[williamcooper104] 17/7/2024 11:41

https://www.technologyreview.com/2024/02/26/1088921/trump-wants-to-unravel-bidens-landmark-climate-law-here-is-whats-most-at-risk/amp/He needs full control of congress (likely if Biden doesn't go) It would later than Jan 25 on basis that would take time to get though Congress But a lot of republican states benefit from the IRA Texas is becoming a massive producer of solar energy

[fordtin] 17/7/2024 10:56

Investor Meet Company are still displaying
"The questions from this meeting are still being processed".

Are GSF having trouble figuring out how to answer the questions without actually answering the questions, or are they just hoping we'll eventually forget asking them?

[waterloo01] 17/7/2024 10:38

Even if elected, his admin won't be in control till Jan 25, so as long as they apply for it prior....

[spectoacc] 17/7/2024 10:33

Knowing Trump - fund the (Real)IRA, defund the IRA.

[williamcooper104] 17/7/2024 10:29

What I'm struggling with is what Trump might do to the IRA (that's not a collection tin in a Boston pub :)

[rogerrail] 17/7/2024 09:25

GSF staff need to be camped at Black Rock over the next few months doing everything possible to ensure energisation is on time.

[williamcooper104] 17/7/2024 09:25

What I'm struggling with is what Trump might do to the IRA (that's not a collection tin in a Boston pub :)

[rogerrail] 17/7/2024 09:23

I agree, engineering should be like shelling peas though GSF have been compensated liquidated damages from contractors which is a surprise. Its red tape and regulatory issues that have caused the major delays in energisation, ofgem should have come down harder on NG to make them pull their finger out.