Member Info for Temple_of_Doom

"In overall terms, UK BESS revenues are rising sharply compared with both 2023 and 2024." ... are you suggesting GSF ships over the Big Rock storage to Clacton-upon-Sea? Might be fun to listen to Farage moan about Renewables in his constituency ..... (joke).

4p a year dividend in the current market gives a price target of 40p.

Agreed Pip56 ... I suspect revenues, however, are down considerably this year ... so there is a cash flow issue ... that much seems obvious ... but expected given December H1 results. As I noted some months ago .... I can't see GSF being a take out with assets distributed as widely as they are ... painful to sell ... an advantage in one sense with UK BESS and balancing mechanisms not functioning as happened in the recent past but a disadvantage in terms of offloading.

Going forwards doesn't look great ... unstable income ... and the hope of £15 perMWH touted in last December results with £10 the local average ... I've cleared today 62-63 ... GLA

Local energy producing hubs save on power transmission losses - who knew? Watch for the Red Rochester writedowns .... IMO. I'm clear now. Someone else's problem.

Error ... "Red to seit"

Then we look at the fund itself … it sells itself as an efficiency fund with lots of pretty transmission cable pictures on results etc … what SEIT means, is that SEIT buys local energy sources for businesses … nothing wrong with that … but it’s hardly energy efficiency … it’s buying local energy sources. So why spend time spouting irrelevances to justify the fund itself.

the first thing that struck me as poor was the websites for red onyx primary energy etc ….. $500 million for sp**** updates? if seit can’t be bothered to do the basics, what are they doing … then i looked at ironclad and who sold ironclad to seit along with who also had interests in primary energy … and cast my mind back to john paulson of abacus fame in 2009 … and asked why seit had 50% or so of its fund linked to one person, and what i would do as that person with insider knowledge.

By "investment in Li Cycle" I referred to upgrades to Red Rochester Park facilities, obviously. Do I think SEIT can pay its dividend? As things stand yes - but it's tight with Onyx and last results not clear enough for me - so I'll take a 10% or so miss for the sake of clarity in June results. What annoyed me also, was reporting that UU solar was sold at 5% above NAV ... while this was true, the booked costs after paying fees for the sale were then discounted ... so SEIT booked a £13 million loss on UU solar from purchase price. Red Rochester has underperformed ... that's 20% of the portfolio and has done so for some time now with various excuses so it looks to me that SEIT overpaid for Red Rochester - so what else is under water and why. There is one good reason hiding in the background, but I'll keep that to myself.

"RED-Rochester's CEO has installed a new leadership team, bringing management capabilities and expertise in house, driving cost benefits. The new management team have increased efforts to optimise efficiency and bolster business development to increase occupancy rates. " This was a big Red Flag for me for a 20% or holding for SEIT .. so I dug deeper - and didn't like what I found... so have been looking for an exit for a few months now.

"Reason for selling?" Reason for continued selling would be a better question ... there was a merger I believe leading to an ovr exposure of SEIT that seemed reasonable during the latter half of last year. One possible answer is Red Rochester, and its investment in Li Cycle that looks to have turned sour. It's an issue that's flagged ... still had a positive outcome possibility until March 2025 ... but I'm not convinced myself at this point so I've taken 90% off the table from that held two months ago.

As always people should DYOR.

Maybe .... I had a lot of these ... too many ... clearing a load at 49.5 gets the average down to 43.9p including dividends. So happy.

Nice spike .. got 49.7p

48.1888 is the sell price ...

H1 alternative … fat finger error on the sell button.

There was without doubt a background buyer first thing this morning … I took a load off the table at 48.1 equating to 49.6 yesterday so looking to buy back mid 46s … see if I’m lucky … maybe yes maybe no.

Quite TimBob. GSF have reached steady state for now so I don't see why Tax Credits will have an impact going forwards - could also be results leaking out of course and more like it.

I don't see why the BBC article should have any impact.

"The sale of the Big Rock ITCs continues to progress well, and the Company will provide a further update in the near term."

The Big Rock Tax credits are being sold as of the last RNS .... the share is dipping as it did in late April early May ... may go down lower with the California unrest ... but if so .. that's life.

Will there a bear raid before close?

2phevs - wind up merchant looking at the history of posts ... another one for the filter.

With regret, however, I missed the last month of trading ... got caught up in yet another regulatory spat ... . took CMC Markets to the FOS back in 2020 when they altered their Spread Bet algorithm ... to cope with the negative Texas oil Prices at close in 2020 .... partially won the case ... and the reason I didn't? FOS can't rule on terms & conditions - what a country the UK is - wasn't going to sue for a £7K loss .... and the FCA don't give a hoot.

Low regulation Britain ... with lower regulations a benefit of Brexit ... laughable .... US hedge funds must treat the UK as a baby to take sweets from.