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Share Name Share Symbol Market Type Share ISIN Share Description
Gore Street Energy Storage Fund LSE:GSF London Ordinary Share GB00BG0P0V73 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 96.00p 95.00p 97.00p - - - 13,909 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 29.38

Gore Street Energy Storage Fund Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
10/11/2018
08:33
The main problem with this fund is that it is focused only upon one technology - lithium ion - instead of spreading it's coverage across other technologies, notably vanadium based storage alternatives.
masurenguy
10/11/2018
00:31
I was wondering why the market is so luke warm on batteries and it does appear to be concerns regarding lithium ion batteries as "Sceptics argue that...there are risks that the batteries may not last as long as the 15 or 20 years expected"
cyfran101
09/11/2018
11:36
Jonwig - have a look at REDT's technology - they are beginning to get some traction - and if it works it will be the saviour of a lot of these green energy projects. See https://redtenergy.com/ for how the technology works: I hold shares in this company but am not attempting to ramp them cos as with all AIM companies they are very risky.
a0002577
09/11/2018
11:14
A000 - I've not actually looked at the variety of storage technologies, so thanks for the hint. Obviously anyone investing here would need to look at all points of view, not just the company's.
jonwig
09/11/2018
11:11
I see most of their pipeline is for Lithium-ion batteries. I am not convinced they are the right technology for this work as the number of charge/recharge cycles is quite limited (but someone I ma sure will correct me). Anyway if they were to look at Vanadium batteries I might be interested so in the meanwhile - not for me.
a0002577
09/11/2018
07:15
Maiden interim results: https://www.investegate.co.uk/gore-street-energy--gsf-/rns/interim-results/201811090700018441G/ NAV 97.0p isn't bad going, considering it was 97.6p at IPO. Dividend of 2.0p seems to be covered by project cashflows. Interesting but I'm not willing to pay a premium right now.
jonwig
28/7/2018
05:37
Just checking: pretty thin trading recently, effectively 100 - 102. Initial NAV was, I think, 98p. Doubt I'll be a buyer much above that. NB. Smaller size means bigger costs per share.
jonwig
09/6/2018
10:04
Thanks for starting this thread jonwig. Like many others I was suprised it was so delayed - just watching at moment.
keyno
25/5/2018
07:10
First day of dealings: https://www.investegate.co.uk/gore-street-energy--gsf-/rns/initial-admission---offcl-lst/201805250800022655P/ Opening quote 100.5 - 102.5.
jonwig
03/5/2018
17:35
Agreed, I left my money in just waiting on news from HL. To be honest I thought this would be better supported by the fundies. The fact that Gore Street are not that well known and Battery storage tech is in it's infancy maybe putting people off. personally I think this will be a solid investment as my other alt energy co's have worked out well. I think you had the right idea, if this one does not work out there will be others out there with the same idea.
getscenic
03/5/2018
16:51
@ getscenic - I applied on the original terms. Then when it was extended, I withdrew as I didn't want money tied up. I'll now wait for if/when it's listed and maybe buy in the market. I think it might be a reasonable defensive yielder.
jonwig
03/5/2018
16:16
Thanks Jonwig Will see what transpires with this one.
getscenic
03/5/2018
15:52
Another change of tack: Https://www.investegate.co.uk/gore-street-energy/rns/ipo-update-and-supplementary-prospectus/201804271248184227M/
jonwig
03/5/2018
15:46
Anybody heard what has happened with this one, the 3rd has come and gone and no listing so far?
getscenic
08/4/2018
05:57
Poor response, so tt extended from 6 April to 27 April. Minimum raise (£75m) not reached.
jonwig
30/3/2018
11:02
Http://citywire.co.uk/investment-trust-insider/news/uk-s-first-battery-fund-targets-income-investors-and-7-yield/a1100759 Http://citywire.co.uk/investment-trust-insider/news/james-carthew-the-economics-of-storing-energy-in-batteries/a1102427/print?section=investment-trust-insider
jonwig
30/3/2018
11:00
. Https://www.gorestreetcap.com/energy-storage-fund/ . !FOLLOWFEED The Fund will invest in a diversified portfolio of utility scale energy storage projects primarily located in the UK. It targets a sustainable and attractive dividend over the long term. The Company also seeks to provide investors with an element of capital growth. Target size: £100m (issue at 100p/sh) Dividend: 7% of NAV after Yr 1. Dividends paid: Quarterly Discount control: Buy back authority 14.99% per annum Gearing: Authority up to 15% Advisory fee: 1% per annum Performance fee: 10% of gains above 7% hurdle with high water mark, capped at 50% of advisory fee Offer closes 6 April 2018, first dealings 12 April.
jonwig
12/3/2018
13:58
Gore Street Energy Storage Fund PLC, the UK's first pure play energy storage fund, announces its intention to launch an initial public offering on the Premium Segment of the Main Market of the London Stock Exchange. The Company seeks to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility scale energy storage projects primarily located in the UK, although the Company will also consider projects in North America and Western Europe. HTTP://www.gsenergystoragefund.com/
strollingmolby
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