Gore Street Energy Storage Share Discussion Threads

[waterloo01] 26/9/2024 18:21

coccpath, I think that's already been well reflected in the share price given the 45% discount. Get everything under construction online, reduce fees and this should be very successful.

[george stobbart] 26/9/2024 16:54

The only thing that matters with the investment case is that Kamala and Walz want to allow tampons in men’s toilets.

That would result in rapid battery degradation

[mirandaj] 26/9/2024 16:35

Again the point is made re UK

[cocopah] 26/9/2024 16:11

I think we can all agree that the opaque NAV, exorbitant fees that the holding company are charging (the CEO is a huge beneficiary of these) and no line of clarity on income are the most pressing issues here.

The monthly ‘factsheets217; are not worth the paper they are printed on.

If they cared a hoot about investor sentiment or the share price, then they would be more forthcoming on monthly or quarter to date income and RNS it.

As it is, it looks as though we will have to wait until the December update. IMHO this is bonkers because the market likes stability.

[stemis] 26/9/2024 15:35

The similarities are an opaque NAV, which no-one actually knows how it's arrived at and which the investment manager has every incentive to push up to maximise their fees and a dividend which isn't supported by the cashflow generated by its investments. Like DGI9 the market is saying it doesn't believe it. It didn't believe it with GRID either...and it was right.

[waterloo01] 26/9/2024 15:12

Some similarities but significant differences, esp in being debt free and with some project borrowing, either built and earning or coming on line soon. The business won't be in need of capital or debt unless they decide to keep building, which I think is clear they don't expect currently.

The area I agree on on this managers ability to assign NAV and in their egregious fees (which should reduce if no new build going forward)

[stemis] 26/9/2024 14:51

People invested here should watch the presentation on DGI9 by Donald Pond

hxxps://pauldegruchy.substack.com/p/digital-9-infrastructure-dgi9?r=2ir6do&utm_campaign=post&;utm_medium=web&triedRedirect=true

See if they can spot the parallels in terms of NAV & dividend cover with GSF...

[mancman1] 23/9/2024 06:44

Cocopah - This was one of the better threads on ADVFN until this guy appeared.
Filtered him. Life is too short.

[cocopah] 22/9/2024 11:27

#stobart what are you blathering on about?🙄763;🙄

[george stobart] 19/9/2024 10:05

Cocopah posting misinformation could get you arrested under Sir Kier's 80.08.5 Malicious Communications Act

[cocopah] 19/9/2024 09:44

The release of an RNS is a simple thing to do and bearing in mind they will already be paying the annual license fee for the year, it is at zero additional cost.

[sleveen] 18/9/2024 17:47

Any new financial info would have to be RNSed.

[cocopah] 18/9/2024 15:13

Sigh … not much in the monthly fact sheet, how I wish they would give line of sight on income, it certainly would help stabilise the share price. They will be monitoring income daily and it’s a matter of choice as to whether they communicate it (say a month in an arrears).

Again, we get a few morsels about a few days where the income was very high but are left crossing our fingers until the December update.

[williamcooper104] 18/9/2024 06:57

Yes - good point re relative to size of what you're invested in Why size matters as many investors/institutions want a reasonably liquid position and don't want to have the opportunity cost of managing a very small position and thus won't invest in small caps

[mirandaj] 18/9/2024 06:52

Useful August factsheet:

[spectoacc] 17/9/2024 16:16

10% for large IMO :)

Mostly agree re "very small" but if you're trading eg £10m, 1% would be £100k, which in GSF is still a reasonable-ish size. In something really small, £100k wouldn't be a small position regardless of pot size, hence I think it relates as much to size of co (or perhaps, more accurately, liquidity - £100k of eg YNGA would be big still).

NMS may be a good reference point too. If it's NMS 1,000 & you've 100k shares, would be difficult to call that small, irrespective of £ amount/percentage of pot.

[williamcooper104] 17/9/2024 15:47

It's the percentage of a holding relative to your other liquid assets - anything less than 1% is very small, anything over 5 is large

[daveoz1] 17/9/2024 14:14

Petomi says 'very small position', by which I presume he/she holds a small number of shares. I am curious what the members of this forum would consider to be a 'very small' value of an investment... £500? £2000? £5000?

[george stobart] 13/9/2024 09:02

The RAB of the ESO was £425m at 31 Mar 2024, highlighting a strong premium on the sale of the asset at ~48% for National Grid.

Now Starmer/Miliband et al will plant a left wing/pro-renewables CEO to push for more green policies.

Very positive for Renewables & BESS investors

Very negative for UK taxpayers, as the ESO is now a state owned business and someone will have to pay to run it

[mirandaj] 13/9/2024 06:17

The Sale of ESO should complete on 1st October as per National Grid RNS today.

From January:

[petomi] 12/9/2024 15:44

I suppose the confidence in the 7p total divi is better than nothing but a large slug of the funding is the one-off ITC cash. There is very little clarity over financial projections and divi cover going forward.

(Very small position)

GLA

[waterloo01] 12/9/2024 13:14

Well we're at the yr low!