We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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
|
|
|---|---|---|---|---|---|
| -1.00 | -1.94% | 50.50 | 1,183,535 | 16:35:20 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 50.40 | 50.50 | 50.60 | 50.00 | 50.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 2.27M | -5.66M | -0.0112 | -45.00 | 260.13M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:20 | UT | 2,664 | 50.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/12/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Interim Results, NAV and Dividend.. |
| 02/12/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Change of Company Registrar |
| 27/11/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Notice of Interim Results |
| 15/11/2024 | 09:32 | ALNC |  Gore Street Energy strengthens financing to support growth initiatives |
| 15/11/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Upsizing of Debt Facilities |
| 04/11/2024 | 07:00 | UK RNS | Gore Street Energy Storage Fund PLC Capital Markets Event |
| 18/10/2024 | 08:44 | ALNC | Gore Street Energy signs USD14 million contract with Goldman Sachs |
| 18/10/2024 | 06:00 | UK RNS | Gore Street Energy Storage Fund PLC 12-year Fixed-Price Stackable Contract.. |
| 18/9/2024 | 14:32 | UK RNS | Gore Street Energy Storage Fund PLC Result of AGM |
| 11/9/2024 | 11:04 | ALNC | Gore Street Energy net asset value falls; awaits asset cash generation |
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 |
|---|---|---|---|
| 17/12/2024 | 11:29 | Gore Street Energy Storage Fund | 2,205 |
| 08/8/2024 | 10:36 | ::: Gore Street Energy Storage Fund PLC ::: | 573 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-17 16:35:20 | 50.50 | 2,664 | 1,345.32 | UT |
| 2024-12-17 16:25:50 | 50.40 | 17 | 8.57 | AT |
| 2024-12-17 16:19:29 | 50.50 | 25 | 12.62 | O |
| 2024-12-17 16:18:54 | 50.40 | 17 | 8.57 | AT |
| 2024-12-17 16:15:48 | 50.50 | 25 | 12.62 | O |
| Top Posts |
|---|
Posted at 17/12/2024 08:20 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 51.50p.Gore Street Energy Storage currently has 505,099,478 shares in issue. The market capitalisation of Gore Street Energy Storage is £254,570,137. Gore Street Energy Storage has a price to earnings ratio (PE ratio) of -45.00. This morning GSF shares opened at 50p |
Posted at 12/12/2024 12:41 by cocopah The market is simply not buying the story, share price firmly below 50p now. Increased capacity and lower income with higher percentage of costs is never a good sell either. The CEO Says that he “feels the pain on the share price”, but he doesn’t add that he receives lots of income through #GSC.Notice it’s always external issues to blame for lower income … unseasonably high temperatures, lack of wind, increasing competition etc … It’s never their fault. Trying to get some simplicity around income generation is difficult enough without the complex jargon and mumbo-jumbo expressed in the presentation. It smacks of desperation when the future strategy on investment will be dependent upon what shareholders think … that is what senior management are paid to do! |
Posted at 03/12/2024 14:14 by craigso CdVOnce the HEIT winning bid is announced, its share price should jump up to be a bit below the agreed price. You'd have the choice of selling out then, instead of waiting for the deal to actually complete. I hope that GSF will rally as well. But since the UK is only part of the GSF portfolio, the % jump probably won't be as large. In my opinion you'd make more money waiting for the HEIT sale then reinvesting the proceeds here. (assuming you want to stay invested in BESS) |
Posted at 03/12/2024 09:44 by craigso The share price is a bit frisky today. Perhaps the market is slowly waking up to the fact that GSF is undervalued relative to what HEIT and GRID are trading at - not to mention that HEIT might totally reset the market for UK BESS valuations.Oak also helpfully pointed out that ENGIE are going after BESS like crazy. There's enough geographical overlap for them to consider having a go at buying GSF whole, especially if they are one of the losing participants in the HEIT process... |
Posted at 27/11/2024 11:47 by stargazerspark It's worth keeping in mind that for infrastructure funds the upside is much more limited vs NAV than in traditional equity. Ie you get all of any mismanagement/changiThe equity value in these structures accrues to the portfolio manager (via knowledge, experienced teams and future pipeline) who also take a tidy fee from it. I own shares so believe I the value, but the dynamics are bad. Unless there is a realisation, NAV is only a number. The share price will a function of expected dividend yield to give the required investor IRR. Expectations are poor and based on little hard evidence. I suspect the floor is based on something like 3 years to a realisation possibility, NAV discounted by 0-20% to reflect a disposal and an IRR of 10%+ for risk. Hence we see the share price reset every time NAV moves, even though the reductions "should" increase confidence. |
Posted at 27/11/2024 09:28 by craigso Will there still be a dividend?Why not? Apart from some interest on the RCF and the (excessive) manager fees, there aren't really any costs that need to be covered by revenues. So a fully-operational GSF is undoubtedly cash flow positive. And investment trusts need to distribute 85% (I believe) of their net income. You can argue all day about whether GSF should be promising / hinting / whatever about 7p, but once everything is online and they actually start earning more than 7p per share, people will regret not having loaded up at 50p per share. And if it's never 7p but 4-5p? That's still a very reasonable return from here. And as I've mentioned previously, if the share price stays at this level, somebody will eventually decide that buying GSF is far cheaper than building BESS themselves. |
Posted at 23/11/2024 14:15 by craigso A useful rule of thumb in the electricity business is £ / MW installed. Gore Street doesn't make it easy, but it looks like they have 750 MW operational or very close. The company has a little bit of net cash at the moment, so we're looking at a market cap of £250m against 750 MW operational. £333k / MW is ridiculously low.We'll see what HEIT sells itself for, but it's likely to be at least double that number (per MW). There is no shortage of electricity companies / funds looking to expand into the BESS space. GSF itself quoted £600k / MW as replacement cost and people are building BESS all over... Add the fact that GSF is net cash - and therefore at zero risk of going bankrupt - the current share price is ridiculously low. Will that stop it from going any lower? No... but at these levels there will be PE / infrastructure / renewables etc. funds sharpening their pencils to get a massive bargain. |
Posted at 22/11/2024 17:04 by pretax2 I think I went through the pain barrier with Gore Street last week. Very close to selling; but then had a period of reflection (considering the dividend potential) and now I’m thinking about adding more.If a Martian were to read the RNSes, look at the climate crisis and the political emphasis on sustainable energy, they would guess that the share price was at or above NAV. I concluded that the ONLY thing wrong with GSF (give that it’s still in the earlier stages of growth) is the share price That’s not a reason to sell; it’s a reason to buy. |
Posted at 22/11/2024 11:22 by cc2014 Ok, so I think I'm probably one of the most pessimistic people about this share but even so I'm looking at the share price and thinking things are getting a bit stupid.For sure the Irish revenues are under pressure, Texas ones too and will Enderby ever get finished but there seem to be reasonable assurances around the US assets and UK revenues are at least stable whilst acknowledging they aren't great. I also get that gilts have not been helpful but nonetheless I keep looking at the share price and thinking it's been bashed around enough. Of course it's not the only one and there are plenty of other candidates to put your money on. So, I call a bottom here, I'm not sure if it will be a bottom or any rally will just be a DCB, but it seems low enough to me for now. Am I putting any cash into GSF, well no, as I've spent my elsewhere on things which I hope will do even better, but surely, (he says to himself), surely it's time for a bounce if for no other reasons that stocks don't fall in straight lines. GLA |
Posted at 08/11/2024 16:45 by cocopah #probablynotphil taking everything in the round the way that the presentation was set out, looked like an explainer for their under-par performance (for example, here’s what has happened in the last six years … followed by GSF’s response). Furthermore, the last bullet point which said that “GSF continues to explore the optimal dividend strategy to meet the merchant nature of the asset class” … which means at best the future dividend strategy is up-in-the--air and at worst we can expect a lower profile of dividends. Finally, the lack of clarity of exactly what they are going to do about pre-construction assets … lots of ‘possibilitiesI repeat, I also still do not like the amount that #GSC take from the pot. #GSF generates income by the hour and monitor it keenly, so the continued lack of clarity on income is frustrating. At the end of the day if it ends up being as bad as I think it might, we will see a further drop in the share price before any recovery. We might as well face that now rather than in December. |
Posted at 11/9/2024 07:46 by cc2014 Well I give up. This is what I see:1. It appears that GSF have probably binned the rest of the roll-out beyond Dogfish. It doesn't say that but I construe it from what's been written "only three assets left to come on online" "influx of cash to de-lever, build further assets, dividends or buybacks" I actually strongly agree with binning the rest of the portfolio but why not just say so. Without doing so the gearing will be out of control and I'm not sure who would have lent them the money anyway to gear up to do it. 2. I see all the generation numbers of Mw/Hr by region are not included making it difficult to see what's going on. This is a big disappointment and we are back to a lack of transparency 3. Who knows whether the revenue number of 0.5p contains liquidated damages or not and whether these are collectable. So, I have no idea what's been actually generated. 4. They have not changed the long term forecasts like GRID did, presumably because they don't have to because it's a quarterly update and the auditors don't look at it. What planet are they on here? 5. Changes to the DCF model for curtailment. Well this should have been in the model anyway but a change of 1.1p per share when the GB assets are what a quarter to a third of the assets. That's like a 3.5% change on the GB assets. That's quite significant. One wonders what "such as curtailment means" Having said all that the share price is 58p. Are all my moans in the share price? GLA |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
