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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gore Street Energy Storage Fund Plc | LSE:GSF | London | Ordinary Share | GB00BG0P0V73 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 62.20 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 62.00 | 62.70 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 73.29M | 63.41M | 0.1317 | 4.69 | 297.5M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 62.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/3/2024 | 11:58 | UK RNS | Gore Street Energy Storage Fund PLC Director/PDMR Shareholding |
| 28/3/2024 | 10:13 | UK RNS | Gore Street Energy Storage Fund PLC Total Voting Rights |
| 25/3/2024 | 17:31 | ALNC |  EARNINGS AND TRADING: RTC back in profit but Goldplat earnings fall |
| 25/3/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Issue of Equity |
| 12/3/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Unaudited Quarterly NAV and Dividend.. |
| 11/3/2024 | 16:05 | UK RNS | Gore Street Energy Storage Fund PLC Holding(s) in Company |
| 05/2/2024 | 20:23 | ALNC | TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return |
| 05/2/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Further Portfolio and Trading Update |
| 10/1/2024 | 14:23 | ALNC | Gore Street Energy Storage Fund hails stability of revenue |
| 10/1/2024 | 07:00 | UKREG | Gore Street Energy Storage Fund PLC Portfolio and Trading Update |
Gore Street Energy Storage (GSF) Share Charts1 Year Gore Street Energy Storage Chart |
|
1 Month Gore Street Energy Storage Chart |
Intraday Gore Street Energy Storage Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/4/2024 | 19:01 | Gore Street Energy Storage Fund | 1,370 |
| 01/11/2023 | 21:57 | ::: Gore Street Energy Storage Fund PLC ::: | 569 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-22 15:35:17 | 62.20 | 76,840 | 47,794.48 | UT |
| 2024-04-22 15:26:06 | 62.15 | 7,987 | 4,963.92 | O |
| 2024-04-22 15:24:15 | 62.18 | 25,000 | 15,543.75 | O |
| 2024-04-22 15:23:41 | 62.10 | 10,000 | 6,210.00 | O |
| 2024-04-22 15:23:12 | 62.15 | 10,000 | 6,214.99 | O |
| Top Posts |
|---|
Posted at 22/4/2024 09:20 by Gore Street Energy Storage Daily Update Gore Street Energy Storage Fund Plc is listed in the Finance Services sector of the London Stock Exchange with ticker GSF. The last closing price for Gore Street Energy Storage was 62.20p.Gore Street Energy Storage currently has 481,399,478 shares in issue. The market capitalisation of Gore Street Energy Storage is £297,504,877. Gore Street Energy Storage has a price to earnings ratio (PE ratio) of 4.69. This morning GSF shares opened at - |
Posted at 20/4/2024 14:24 by cocopah I absolutely see the benefit of investing in different jurisdictions, especially the USA. My problem is that it’s difficult to see through the opacity with respect to revenue generation in the short-term or fully understand whether our 1 hour batteries is the optimal way to benefit from the different revenue stacks. Either way, it’s clear that the jury is out when it comes to the market analysts being convinced about income and dividend cover, which is seriously holding back share price performance.Initially, I wanted to hold this share for the long-term, with a stable share price for income. However, now, when the market improves, I will be looking to exit and seek a safer haven for income. Whilst communication has improved somewhat, I do believe that they could be more upfront (and I’ve given many examples on previous posts). From memory the next update is in July so it’s just fingers crossed until then.🤷 |
Posted at 15/4/2024 16:01 by loglorry1 He did say that which is a huge red flag when they have sunk costs into so many expensive batteries which currently produce miniscule revenues. Anyway I have no massive beef with GSF but "batteries are the future" -> "GSF to the moon" mentality is really missing so so much. On the more positive side the share price already reflects a lot of the prior mistakes. |
Posted at 04/4/2024 09:27 by cc2014 With regard to the share price and the "relentless selling", what I'm seeing across a large number of IT's is some very poor trade execution by whoever is selling.I believe these are being done by execution only clients who do not know what they are doing and are placing market orders at best (or perhaps at limit) which are far larger than NMS. There's just a constant flow of these, because if you are being asked to pay interest at say 7% on your mortgage, it makes sense to sell down your share portfolio to reduce borrowings even if you get a poor price. On top of this there's another flow of sells from wealth managers needing cash for the same reason but at least they have a decent balance of price and volume execution. Having said all this, it's my belief that the wealth managers are choosing the wrong stocks to sell and driving the prices of some of the IT's down too far. Of course as soon as interest rates start falling, the same managers who have been selling will soon be buying back at higher prices. I'm happy to take their money off them although timing the perfect place to buy at the best possible price is impossible. |
Posted at 16/3/2024 10:48 by cc2014 Hi,I have been wondering how to phrase this so it might not come over as well as I would like but I am find the negative comments frustrating. Now, we've all purchased shares which have gone in the wrong direction and I think it's fair enough to vent and it's certainly something I have done in the past and I'm sure I will do again in the future, but there's something about being constructive as well. I'm not sure the comments about lack of visibility on revenue is valid. GSF are telling us monthly what the price per unit is and the volume is fixed and published. Most investment trusts only update quarterly and some only twice a year. Here's some information that might cheer you up GSF are on ERCOT in the US. As you can see from the article prices reached nearly £800/MWh on 4th March whereas we are plodding along at about £5 in the UK. Now the US is a big place and although I know GSF are on ERCOT I don't know if GSF are in the right part of ERCOT and took advantage of this or not but it demonstrates the difference in revenue by jurisdictions. GSF may or may not have invested in the US by design or accident but either way it's good for us and that's what matters. |
Posted at 12/3/2024 08:01 by cocopah Hmm … I see little in the update to move the dial on the share price and no conciliatory comments from the CEO on the decimation of the share price either.Income for Jan/Feb at £16.1 per kWh but that includes £3m compensation so operational income is a lot lower. The nod to lower battery costs and lack of commentary about income streams tells me they made the wrong call on 1 hour batteries especially now the 30 min rule has been relaxed. Communication is gradually improving but it’s still opaque on income and divi cover (like pulling hen’s teeth!). It’s still a long way back to break-even for me (and I bought way under NAV). |
Posted at 27/1/2024 14:43 by waterloo01 The yield will reduce when/if the share price recovers. With a NAV that really should be increasing year on year, with very low debt levels, and hopefully more than 1:1 divi cover this year, I don't see the need for GSF to change the formula. It's the share price that's wrong.The damage was done last year when prices in the UK went through the floor. Even the Jefferies report suggest the UK will be back in balance later in 24, and the report, which would have been useful 9 months ago, but regardless GST best of the bunch by a mile. |
Posted at 27/1/2024 07:26 by nickelmer Looking at the share prices of GRID and HEIT relative to GSF I suspect the market is starting to price in the fact that GSF's global portfolio will ultimately deliver higher revenues, heaven knows where the bottom is in these 3 shares, but, I feel that GSF will be the cleanest shirt in a dirty laundry basket |
Posted at 25/1/2024 16:19 by daveoz1 Interesting renewable uk link. Barnaby Wharton: "It’s great to see that our battery storage pipeline has grown by over-two-thirds over the last year, as this demonstrates that there’s a huge appetite among investors to enter this rapidly growing market." Hmmmm..he can't spend a lot of time tracking the GSF share price... |
Posted at 19/12/2023 10:06 by someuwin Shore CapitalGore Street Energy Storage+ Strategic partner invests c£16m at NAV GSF has appointed Nidec Motor Corporation (“Nidec” Nidec awarded EPC contract for Dogfish: Nidec (TYO: 6594) is a leading electric motor manufacturer and a trusted partner in the energy storage space. The contracts include the EPC agreements and O&M contracts, including warranties for availability and energy capacity. Dogfish will initially be built as a one-hour duration system, with the optionality to retrofit a two-hour system if the revenues justify the higher capex. Once operational (target energisation by the end of CY24), Dogfish will be able to participate in ERCOT’s ancillary services, including RRS and ECRS as well as wholesale trading. In the six months to 30 September 2023, GSF’s Texas assets averaged £39/MW/hr vs the £7.54/MW/h achieved in GB, thanks to several heatwaves and the highly lucrative ECRS service. GSF’s US portfolio is expected to reach 305MW by the end of CY24, taking its US exposure to 38% of operational capacity. Investment at NAV reinforces long-term growth opportunity: As part of the strategic partnership, Nidec will subscribe for 14m new ordinary shares at NAV (112.9p per share), generating gross proceeds of £15.8m. The shares will be subject to a six-month lock-up, after which Nidec will be able to dispose of up to 50% of its shares and any remaining balance after twelve months from admission. This builds on GSF’s relationship with Nidec, who was previously appointed as the EPC contractor for Ferrymuir and Stony. Under the agreement, Nidec will, for a period of five years following admission, be entitled to participate in upcoming competitive bids for EPC contracts in respect of qualifying projects with GSF. Nidec will also be guaranteed participation in the second stage of the process, providing they match/enhance the terms offered by other contenders. Innovative funding solutions should enhance project returns: A similar strategy was adopted at IPO, when NEC ES, then a leader in the utility-scale energy storage market (since acquired by LG Energy Solutions), acted as a cornerstone investor, under the agreement that GSF would invest in projects that involved NEC ES providing a supply of products, equipment and/or services within 18 months from admission. With GSF’s shares now trading at a 25% discount, Nidec’s investment at NAV should act as a strong validation of GSF’s NAV from a strategic partner. It will also help reduce the debt (albeit modestly) required to construct GSF’s pipeline at a time when its peers’ rising levels of debt are compromising project returns, just as GB’s ancillary services market reaches saturation (GSF had £75m cash, no company-level debt as of 30 Sept 2023). Today’s news also follows the $60m project level, non-recourse funding GSF secured for its 200MW California project. Yet again management has demonstrated its ability to utilise innovative funding solutions to construct its rapidly growing portfolio of geographically diverse cash generative assets, whilst maximizing shareholder returns. |
Posted at 15/12/2023 12:46 by cocopah I wonder which assets Cox is referring to when he talks of a sale and (bearing in mind it’s assets on-line that drive income) how redeploying the cash elsewhere will provide an immediate boost to the share price? Curious and curiouser … 🤔Given that there was no rider on reversing asset discounts if inflation and interest rates fall (and no forward guidance on potential NAV once FerryMuir and Enderby are up-and-running); the self-imposed ‘cap’ on divi increases brought about by keeping the annualised NAV under £1.14 will keep the share price subdued (divi investors can easily beat the current divi- e,g. L&G). I think GSF are doing a lot of the right things on operations but not with respect to managing the share price. |
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