Member Info for NomadCane

Hi Pip,

The other day I expressed my feeling that timing for dividend might be at risk. if ITC/credit trade and cash in hand would not be complete before dividend date.

If they had already secured the ITC, traded the credit or if the US assets are live trading are they obligated to issue an RNS immediately as material events? I didn't think they would be allowed to delay so many material events into a convenient trading update/dividend announcement in a couple of weeks.

Well no similar wobbles today for GRID OR TRIG so someone believes it situation is GSF specific.

I do believe there is risk to receiving the ITC, completing the market trade and getting cash in hand before dividend announcement date in about 2 weeks. However it would only be a timing risk of a quarter in my view.

TJL1875 I gave you a suggestion on the UKW forum

I would give them a call. I use Interactive Investor and had to complete an additional 'appropriate assessment' before I could trade Gore Street (aka complex financial instruments as deemed by ii). Same thing may be required with HSBC.

Ex dividend today

Looks like somebody knows something. I hope it's one of the announcements this group is waiting for while we have been averaging down.

- Q4 divi

- US ITC

- start of commercial trading for Big Rock

- next leg of their strategy?

Tufan Erginbilgic for CEO next year. That will be a catalyst for change I think!?$

Feels like something is up. A 14% jump today and no news or announcements?

Some of this information was posted already by Gresham House but thought I would share today's RNS anyway. They speak of a continued good trading environment.

- Q1 '25 revenues remained similar to Q4 '24

- Transaction to prove NAV at late stages of DD so hopefully another benchmark similar to HEIT will come soon

https://www.lse.co.uk/rns/GRID/full-year-results-to-31-december-2024-0u1y47du06euvv4.html

Thank you for the information Trotsky. Happy to wait out 2025 for more to unfold. I'm optimistic GSF will continue on a positive trend.

Question for the group. I’m not clear on the details of the GSF NAV calculation but do we expect an uplift as these final assets move to commercial stage of operations ? I propose there would be a NAV increase if GSF were to upgrade current assets from 1 hr to 2 hr duration at relatively lower capital cost

I’ll try on the troubles with SEIT. I’m a holder of both GSF and SEIT so hopefully not to biased.

1. SEIT has a more complex business portfolio which is harder for investor to understand. Likely not many synergies between companies. GSF has a pure play BESS business focus and has peers like Harmony for direct calculation comparison.

2. SEIT seems to be lacking a clear strategic focus in its current portfolio of companies. In comparison GSF has a goal to build out and energise their current portfolio which they are close to completing

I think there are some genuine reasons for optimism finally on this company and maybe the asset class - next 3-5 months should be very interesting. I hope to see investment by GSF into the next wave of growth, not just a dividend payment. Building capacity and duration on top of the current asset base could generate a much better return than just paying out but just my opinion..

Interesting dividend was not specifically mentioned. Quote from Alex:

This significant cash inflow enhances the Company's already strong balance sheet. The strong cash position, low-leverage and disciplined capital allocation, affords the Company multiple options to increase long-term shareholder value, which the Board and the Investment Manager are actively assessing. Among those attractive options are increasing the capacity and duration of existing assets and constructing our pre-construction assets which would benefit from rapidly declining capex costs."

Thank you for checking it

Today there was an RNS released showing that Blackrock added a small amount which put them just over 5% of voting rights in shares. Is that a meaningful number in terms of Greatcoat's board of governance? for instance in forcing board to allow shareholder voting on certain decisions?

YES

Or not depending on the offer

We need to watch HEIT closely to see the bid they receive for their UK BESS assets. could be a major positive for GSF

In the world of a lot uncertainty right now trump can't impact UK wind mills. Might become a positive tail wind for this stock, Just my thoughts,,,,