Member Info for jrlse

Broomtree, you watch and I'll buy! LOL!

But seriously, though energised, Big Rock does not kick in till June with the RA contract.

When it does, so will the ITC payment.

Looks like we have to wait a bit longer......

1st of June or 30th, I haven't a clue!

jr

It would be brilliant to do this here in the UK.

"Tom Krause has been installed as the Treasury Department's fiscal assistant secretary, replacing a longtime career civil servant."

jr

jr

No! there a few much bigger like smt, f&c etc

jr

This merger will move us into ftse100 .

That will cause an uptick in the sp.

I think this makes us the biggest IT? Will have to check.

jr

If it is still under50p tomorrow, I will add another 10k even though its stretching my guideline!

Seem to have weathered the worst....

jr

Dalesflyer,

I would wait this year out. They are only completing major projects now.

If, a big if I know, they deliver on their forecast income, then it will prove to be a good investment. My average is 58p, so any modest rise will see me OK.

I suspect there are many in the similar situation.

jr

What they say, what they believe, what they do and what they tell you to do are four different things.

They can keep shifting without you ever catching up..

jr

To summarise:- A)

1) The smart money camp says this is a high risk investment.

2) the company overestimates its future income.

3) risk free (BOE) bond have boon available at 5%+ rates

4) 7p divi is just not viable, cannot survive.

so SELL and go elsewhere.

B) The disbelievers think the company numbers are correct and can be sustained.

The smart money may well be right on strictly risk assessment.

Time will tell but some will be bust as Temple says.

jr

I can explain my thinking a bit better!

March 2024 cap. 371 mw

September 24 Cap 421 mw

Say (371+421)/2= 396 mw avg for the year.

This equated to £37m revenue.

Now add 200+75+57 to 421= 753mw as they have said.

If 396 equated to 37m revenue, the pro rata 753 = 70m

They have made some efficiency gains on top. So 72 m rev for the full seems entirely logical.

jr

Not as simple as that clissold345!

Throughout 2024 the capacity has increased slowly. The current performance is based on a low number of total capacity. We now haw a much larger capacity for virtually the full year.

That surely explains the gap.

But I am still puzzled by the stubborn lowly valuation.

I take that as an indication I am missing a big elephant in the room!

I am hoping coming updates will provide some insight.

jr

Lsimo,

This is way too small for the sharks to take any interest in!

Won't even pay for their morning coffee!

jr

PIP,

From what I have read, which is not a lot, in the early days the wfm were promoting this heavily as a go-to income IT. As the sp tumbled, they bailed out as either having made a mistake (Heaven forbid) or pressed by their clients.

My view is , as sometimes happens, this is misunderstood.

Those of us who think so can, at our risk, take advantage.

I am one of them. I am way overweight. So I'll sink or do well!

Again my call!

jr

Eckie8,

It is the perennial question!

I long came down on the dividend side as it gives the share holder the choice and not the company. I always back my own views!

I can always buy more shares in the company if I wish or do something else....

With buybacks I don't have that choice specially if they are wrong.

jr

Pip,

I have had the same doubts!

I went back to the beginning to make sense of it all.

When the company started, in the early days, they set out to pay out a percentage of the NAV every year.

As the NAV depends on so many factors and the UK revenue was lower than they planned a.d the income was not high enough to cover the payments, all shouted unsustainable.

We then had various events that meant BESS based UK only ITs ran into problems.

Many cut/reduced/suspended their divis thought not GSF.

That was a red rag to a bull and many wealth managers who had bought these as a reliable income play panicked and sold.

Many in the sector were struggling.

GSF was expanding. Many thought they could not make it. More pressure.

The company responded by reducing payment from 7.5p/yr to 7p and not linked to NAV but linked to future income.

Then you get the ITC promise from Biden which the company took advantage of as they were building in the USA.

So, we come to the present. Planed capacity on target, Contracts in place earnings forecast to cover payouts,

Company assures us it is solvent and can meet its obligations. To ease that, they repaced 4 equal payments with 3 1p payments and a final payment of 4p if money is there.

Some of us accept this and others, as is their right, don't.

There you have it.

jr

I concur with your sums, I did the same and hence my additional buys.

jr

Because I just bought some more and it showed as a sell.

How many time do we have to tell you the indicative trade type is a simple comparison.

You get a buy quote with a trade price. You place the trade and it executes at a lower price and it shows up as a sell........

jr

I am afraid I have been adding on the new lows. NAV of 100p and having met all their targets and at 50+% discount, I just could not help myself.

I think they can sustain 7p divi even without the tax rebate.

Of course I may be wrong but that's my call.

We should find out by March.

jr

Dear rachel from accounts

I have been a hr taxpayer most of my life.

I am now retired and don't need want anything from you.

but wtf are you doing with all the thousands I still pay you?

jr

While I think this is underrated , I now have too many......

jr

Happens all the time.

Simples, depends on set price and what price is at the time you hit the button.

It simply compares your trade price and quoted price.

Not necessarily at the same time.

jr