The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
To provide a sustainable and attractive long-term dividend by investing in a diversified portfolio of utility scale energy storage projects located in the UK, North America and Western Europe.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A dividend of 2p per share was supposed to be paid today. I received £61.84 on 5,374 shares. Can anyone explain why?
The demand for energy storage in the UK is, according to an independent. report, forecast. to grow. threefold in the next. 5 years and GSF is one of the market leaders. Selling now is just short termism. The. company have 66 m. cash and although the dividend is not yet. covered they anticipate it will be. covered within the next 12 months and the cash balance gives one. some. comfort.
No3 has always been my number one worry - though if a competing technology appears I suppose there is nothing to stop GSF adapting other I suppose than patents
P.S. The fact that GSF is selling at a discount gives some margin of safety, which helps offset the risks. So I'm prepared to buy at a low enough price. GSF is currently about 4% of my portfolio, which is between small and medium size in comparison to my other holdings.
@Mkx007 I'm not very knowledgeable about this business (which is a source of risk for me in itself), but FWIW...
1. There doesn't seem to be much barrier to entry... anyone can come along and build more batteries.
2. We've already seen revenue fall in the UK, which I believe is due to a supply surplus. This could happen in other countries too.
3. New battery technologies could out out-compete the current lithium ion batteries.
4. As far as I know, GSF's contracts don't give it any long term protection from competition.
To some extent I'm comparing with wind and solar energy producers, which have long term guaranteed prices for part of their output (though their other ouput could also suffer from a surplus of renewable energy).
There seems to be some. waffle about the increased capacity but noting to justify. a selloff . It is well diversified and I will be. holding for the long term and. dividends
Further to my last post - it's nice to see this BB active, unlike the others. Wonder where all their private investors are?
Can I ask what you believe to be the perceived risk? Seems like portfolio diversification has worked wonders over it's peers but the sector as a whole seems to be painted with the same brush even though they are two distinct strategies at play.
The share price rose almost 50% (from its low to its recent peak) in under 2 months. After such a rapid rise it's not surprising to see a pullback, whatever the fundamentals, especially as the FTSE-250 has pulled back a bit.
I may add some more, but I consider GSF more risky than most of my shares (I'm mostly very defensive), so I think I'll wait and see if it falls any further.
Should have added the buy is 82.20p so wouldn’t pay any heed to the buy/sells shown on LSE
Nope I took some more on this mornings pullback, very comfortable at this price looking forward
I must be the only one not disappointed by the RNS as everyone seem to be offloading!
I must be reading this wrong.
"Looking ahead, we anticipate the Company's most pivotal year yet with operational capacity scheduled to expand to over 800 MW, including 200 MW coming online in the Company's fifth market to date; potential capital recycling; and a strengthening dividend cover from a diverse source of revenue streams. The Company is poised for significant growth and we look forward to updating the market regularly as these plans progress."
jr
In view of this morning's update, yesterday's fall in sp is weird.
I expect the sp to resume climbing.
jr
Rathbones still supplying the market with shares. Always good to have volume to lean into…
With what is due to come on stream this year its hard not to be positive.... however with all battery technology there awaits the next big thing!
Https://www.youtube.com/watch?v=D8KGgjL4Lx4
I think this is the first one of these the company has done? Correct me if I’m wrong. Worth tuning in 30mins into it for the portfolio and growth update alone. Quite considerable growth planned for next twelve months so possibility of positive news flow as it all comes online and becomes accretive.
Interesting to look back at one of your posts on 30th October StarBright. You speculated about companies in the US being tempted to come in for GSF whilst there is such a huge discount to the NAV. It'll certainly be interesting to see if Nidec add to their holding in the open market, they'll be able to pick up shares much more cheaply than the 112.9p paid for the subscription shares. Really exciting development for shareholders here IMV.
I’d have sold them some at NAV lol. That has to be a massive confidence boost
That this has been priced at an undiscounted historic NAV suggests Nidec made the running. Had it been GSF looking for cash I’m sure they’d have had to give a little. I think it’s an interesting development.
I was surprised by this announcement. Unless I missed something previously, it came out of the blue. I believe the last (interim) report said that they had all the money they needed for their current programme of investments, so I wasn't expecting new share issuance. At least the shares were issued at NAV, which is significantly above the current share price (and even further above the price I bought in at), so I guess it should be accretive to shareholder value.
£16 bill mcap Nidec
“The Company is pleased to announce that, as part of the long-term strategic partnership with Nidec, Nidec will be subscribing for 14,000,000 new ordinary shares in the capital of the Company (the "Ordinary Shares") at 112.9 pence per Ordinary Share, being the 30 September 2023 NAV announced on 14 December 2023, resulting in gross proceeds of £15,806,000 to the Company.”
Nice!
Podcast well worth a listen
Think assets such as this are taking a back seat today with more risk off being favoured
Good results and the benefit of diversification clearly showing. When those US assets do come on stream it will make some difference
Whilst I’m not expecting any fall in rates until the summer, hopefully we can put further rises behind us which will give some stability
Given outlook. I plan to build here up to 95p