Nice rise across the board today, ive topped ip some more but def maxed out till payday :).
I reckon anything under 50p is a bargain for this share so I’ll probs buy another 3000 ish over the next few months to get there.
I suspect this will recover quite quickly once we hear confirmation of the tax credit
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Unaudited nav of a £1 you would think there is potential good upside here
https://www.lse.co.uk/rns/GSF/unaudited-nav-and-dividend-declaration-p37na1p544oxot5.html
Anyone know why the battery stocks have had a good morning so far!!
Ah foresight buyin harmony for 84p a share
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GRID up 12% GSF up 5%.
Guessing but I reckon they are now both on the same discount…yet GSF is paying a dividend Grid is not?
Potentially a bidding war too so huge validation of NAVs. And remember:
a) battery funds were trading at 30-50% below already distressed renewable valuations.
b) GSF’s NAV is more conservative than the others so its trading at just 5x EBITDA, with a net cash position after IRA credits. It’s actually quite silly when you think about it.
Even if you ignore all of this and accept the asset class should be punished for its merchant risk, GSF has been in the process of essentially doubling in operational size, which the market has resoundingly discounted to be worth..£0. This is a classic example of completely irrational behaviour which is usually rectified in time, as HEIT has demonstrated today.
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