Gore Street En. Share Price (GSF)

do you know how sell reporting works? if it below midprice of the bid / offer its classed as a sell. you could buy all day below mid price. so i guess 80% was buys. but yes they are buying into a seller who just wants out. but the market knows that and is not stupid, so bash the bid down and you know the seller follows them down. lots of institutional sellers are pretty r3tarded in all honesty. you wonder why all these wealth managers are valued so low, because they are quite frankly ****e at thier jobs. schroders, stj, jup, adn, look how lowly they are valued! it's not like it's thier own money they are ******* against the wall.

sorry jrise - thats ******. more to it. have you seen the volume of sales today? 3m. thats a lot. especially with 2 new us facilities coming on stream in the next few months. whoever is selling has more money and less confidence than you and certainly me

Is it just sentiment on the sector driving this down?

jr

What is good for the goose is also good for the gander. Thanks SB for your post...

Interesting RNS from GRID today with quite a lot of detail on BESS revenues post the marketplace changes made in Q1. Key points:

"Revenues since 11 March 2024 have improved due to:

1) The launch of Balancing Reserve (BR), a new reserve product which has launched initially with a small volume of 400MW. Reserve requirements in Great Britain are for several gigawatts (GW) every day and this level will grow as renewable generation increases (as this drives up the volatility of supply). As the ESO launches a new suite of reserve products through 2024, including Quick Reserve (QR) in summer 2024, we expect to see the Reserve volume that BESS can compete for increase.

2) The ESO changing the '15-minute rule' for BESS, whereby the maximum duration of any BESS trade in the BM was limited to 15 minutes, to a '30-minute rule'. This change was required to deliver BR but is also leading to a greater use of BESS assets, although to date it has not led to a meaningful reduction in skip rates.

3) Improvements in wholesale markets, driven largely by a return of negative prices. This has led to increased trading spreads and the return of a second cycle opportunity in most days. Flat daytime prices over the winter mostly limited BESS assets to lower cycling. The rise of solar generation in warmer months means negative prices in the middle of the day, as well as overnight, creates two distinct trading cycles, in turn leading to improved revenue opportunities. Negative prices occur when renewable generation needs to be curtailed. Through mid-April 2024, GB has experienced more than three times the number of negative prices than at the same point in any of the prior four years. The trend of increasing negative prices is expected to continue as renewable penetration increases."

https://www.londonstockexchange.com/news-article/GRID/bess-portfolio-revenue-update/16437429