Gore Street En. Share Price (GSF)

MrHorse, Have a look at the "Investment Objective and Target Yield" statement in the 2022 financial accounts (I should have said 0.5p per 7.0p not 7.5p, apologies). The aim is to increase the dividend in 0.5p steps i.e. if the average NAV drops below 107p then they sould pay 7p per annum

Trotsky, not seen this banding of NAV anywhere but it looks to be equivalent to 7% of NAV which has been the dividend target since inception. The references I have seen do quote some rounding to be applied and would suggest that if 107 NAV was average for the whole year then I would expect 7.5 dividend to be paid as so close to the NAV banding boundary and also a dividend reduction would cause havoc. Anyway I hope and expect a much greater revenue this year and certainly next so NAV should be climbing higher for the next few years.

Rylidan, Good point. Doh! Taking the average of the opening and the closing NAVs then the average NAV would be in excess of 107.5p for FY24.

MrHorse, I think you'll find that when the new dividend policy was introduced they said that they would pay 0.5p extra for every 7.5p over and above 100p i.e. they'd pay 7.0p if the average NAV was between 100p and 107.5p, 7.5p if the average NAV was between 107.5p and 115p and so on.

Note the energised figure increased by 45% but the operational figure only increased by 7% so clearly there is a lot still ready to come on line

Can’t see much to worry about for now

Hi TheTrotsky, I thought dividend was based on 7% of NAV which gives 7.49p based on NAV of 107 pence. Also there should be a substantial increase in operational assets in this calendar year so this should help increase NAV at March 2025.