focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
This is a good step forward and if everything in the RNS works out they seem to have written the contracts in a way that minimises risks to GSF in terms of delay and under performance of the energy storage asset in life with warranties. In my professional experience these types of contract warranties mean the initial cost might be higher as the risk is with the supplier / long term maintainer BUT mean the costs are effectively capped for GSF........ I am not sure of whether the incomes are fixed BUT currently there are so many different ways to make money with grid scale storage this looks like a good investment.
"ahead of market expectations" seems like a very positive update with a strong pipeline of new titles.........
Nintendo Switch multiplayer games seems to be the highlight over Xmas.........
Liontrust now have over 16% of the shares........good news.
Another rise in price >10% today on what seems to be normal volumes - either a large buy in the background - some leaky news - or there are no shares available for the MM's.
Long may it last!
So the RNS today seems to have caused split views..........This is what I think:
Initial flow rate is very good but we have water
Removing the water will reduce the flow rate by 40% (this should be straight forward and not cost much)
Optimisation the well and the pumping will increase the the oil flow rate
If UKOG get to circa 800 - 900 BOPD that will be a good result and UKOG will continue with the other wells being horizontal
If we only get 600 - 700 BOPD then UKOG may well consider moving back to vertical/slant wells (cheaper and quicker to drill).
Whatever happens by this time next year worst case we will have perhaps 5 wells producing around 3250 BOPD
HH1 is still providing interesting results and doing the work to allow both Portland and Kimmeridge to flow together MAY lead to flow rates not far off a horizontal well and again may lead to UKOG focusing on slant wells moving forward
I seem to recall we are supposed to be doing gas to wire so perhaps the gas tank is to provide a pressure buffer so that the generators always have a good flow of gas at a constant pressure and some reserve for when the well is shut in or having maintenance.
So this has been a fantastic share for me BUT due to the success it is now above the limit I usually have for single holdings........
So I have a dilemma - sell some or keep it fully invested
The dividend is not large BUT it has been growing consistently which is a good sign
As a person interested in tech I see a lot of marketing and offers etc to tempt people to buy AVG and then to upgrade to other products
BUT there must be a point at which market share, and overall sales will stop growing
Thoughts people
Not sure if it is the Boris bounce again today but we seem to be up around 10% which is excellent!
I looked at both but my SIPP would not allow me to buy GRID (to do with the listing type for GRID) so GSF got my money
Last year there was a trading update in January - if BIDs were sensible they would issue it earlier this year to bolster confidence.......
These results are excellent and the forecast dividend is strong - there are some risks in the new weekly tenders for UK grid balancing but also strong positive changes around black out re-start and the move to environmentally friendly energy generation..........so I may well increase my investment here as a steady dividend earner in my SIPP also with some NAV / share price growth.....
Very strong catalogue but mainly co authored songs - I wonder how much freedom SONG have to sell these songs out widely or whether the co-authors can block their use.......
but at a much lower price per share if today's downward movement is evidence of the confidence in this merger