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It looks like the bears have not yet finished mauling GSF. Perhaps I'll get another chance to buy at the 63p price that I just missed last week!
It's currently down nearly 5% on the day. I can't find any specific reason. Nothing on the company website since June, apart from notices of share buybacks. Well, at least they're buying back at low prices!
It's not the only renewables/infrastructure company to suffer sudden unexplained falls. Gore Street (GSF) was well down last week, and I took advantage to buy some.
I'm tempted to buy more FSFL, but I've already got a large position, so I'll probably just wait.
Yes, it looks like a good time to buy. But it also looked like a good time when I bought a month or so ago, and it's down 10% since then!
Hi Kentio. I'm sure GSF will keep up to date with new battery technology when it buys new batteries. But that probably won't help with existing batteries. However I believe the expected life of current batteries is relatively short, only about 15 years, so that should help limit the degree to which they become outdated.
The price seems to have stabilised for now, so I went ahead and bought at 66.40p. My usual initial purchase size of 3% of portfolio. Let's hope it does better than the index-linked bonds I sold. Of course it's rather optimistic to think it will turn around just at the time I invested. But I can hope. 😉
Hi. I've had GSF on my watchlist for a while, but had some reservations about battery funds, including the risk of competition from improved battery technologies in coming years. But the discount to NAV is getting silly now. Last night I was doing some research and seriously thinking about buying. Then this morning I check the share price and see it's down 7.5% on the day! I would have bought there and then if I'd had the cash. But my spare pounds are in index-linked gilts. Unfortunately Interactive Investor doesn't let me sell them online, so it took a long phone call. And in the meantime the price has gone up 3p. What a shame, never mind. Still waiting for the money to come through, and then I'll decide if I still want to buy. I suppose the moral is that you can't beat ready cash if you're trying to time the market!
@schwee
It's not just about the yield margin. It's also about the fact that UKW dividends should rise with inflation, but bond coupons won't.
88v8: "In an ISA they have to pay you in sterling. Dollars not allowed."
I think it would be more accurate to say that in an ISA you can only hold sterling, so any dollars you receive will automatically be converted to pounds. I don't think this would enable you to avoid the currency conversion charge.
Anyway, I bought my initial DEC shares in my ISA, and when I realised that meant paying withholding tax, I sold them and rebought them in my SIPP!
Have you tried using the currency election option on DEC's web site? They say you can elect to have your dividends paid in GBP:
https://ir.div.energy/dividend-information
I managed to find a few bob down the back of the proverbial sofa, and bought some more DEC shares. I missed the beginning of that surge, but I'm up about 2% on my new shares so far. Let's hope that continues. 🤔
Article on natural gas supply/demand. Note that this is 5 months old, as you have to pay for their latest work.
https://blog.gorozen.com/blog/natural-gas-markets
I've diversified into some FSFL, but I keep coming back to UKW as the best of the bunch. Also, though I have them on my watch list, I've so far avoided companies like HICL and SEIT, because I think they're vulnerable to prolonged inflation, as they have long contracts that are only partially linked to inflation. Also, note that GCP invests in the debt of infrastructure companies, not directly in infrastructure. Still, the dividend yield of some of these companies is getting so high that it's difficult to resist the temptation!
I caved, and settled for 131.38p. 😉
Yes, it seems very cheap, though it can always go cheaper in a crash! I already have a lot of UKW, so I've been holding out for 130p before buying any more. Getting close now, and I'm very tempted to go for it.
"Hold DEC, bank the dividends and hope Trump wins the Preesidency is my position."
Really? Even if Trump would be good for investors (which is questionable), the election of a lawless, lying, depraved, delusional, hatred-inciting con man as US president and dictator is not something to be welcomed.
Sorry if this has been mentioned already, but it looks like DEC has taken advantage of the low price to do some share buybacks today...
https://polaris.brighterir.com/public/diversified_gas_and_oil/news/rns/story/x2ezmnx