Just to update, support states that they have not received the funds yet hence the delay.
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Well done for asking… bit weird though not getting dividend yet???
GSF 44% discount 12.4% dividend.
Another investment trust whose share price has fallen because of problems effecting similar investment trusts but not it. IE GRID and HEIT
" The Company’s construction program is progressing per the schedule outlined on page 11 of its Interim Report.
· The Company’s operational fleet is on track to more than double by the end of 2024.
· Based on the build-out schedule, by the end of 2024, the Company’s US assets will account for 55% of total operational capacity, while GB will account for less than 30% on a MWh basis."
Date March 2024
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Hello All, I went in on this share at 66p only 3 days ago, so very happy with the growth ( I wish all my shares grew like this but you have to win sometime). I’ve probably asked this question before but there is a few attached to this stock, will o be charged any further fees or has this already been taken into consideration with the SP?
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Saw the news ref the other big battery company doing a deal with octopus energy ill try and find a link … but def something gsf should consider!!
GRID’s scale has made this transaction possible
GRID have a portfolio of over 1,000MW, whereas GSF only has 110MW in the UK, that is likely too small to interest a big player like Octopus. They have also augmented their 1 hr duration closer to 1.6 hrs according to their recent disclosures, whereas GSF is still 1 hr, which I imagine will limit its usefulness to third parties. Harmony may be more suitable for this kind of contract , they have a 2 hr 300MW portfolio of (their Pillswood project is bigger than GSF’s entire UK portfolio!), although from what they’ve communicated it seems they are much more interested in the wholesale trading opportunities.
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Well maybe we havent the scale yet. But this is just the start and maybe a sign for gsf to build up its portflio in the uk… or be in a simlar position in one of the other countries its diversifying in
gsf_may-factsheet (1).pdf (553.5 KB)
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Well the full year results came through… from what i read it looked all right… only to look at freetrade and dropped 4 to5p WHAT! ! Lol … well i bought some more…
Maybe its dividend cover??
Dividend pay day today.
They also changed the method to asses future dividends.
Agree results were good.
Topped up today as well
I’ve read the bump on accounts and apart from the drop in dividend target to 7p I don’t get why this has happened.
I read on the LSE chat Trump wants to cut the tax credits on IRA? So maybe the market thinks future investments will become much less lucrative in future. Failing that maybe they think GSF won’t be able to afford the dividend
Stocks certainly under the Trump effect at the moment. But it’s all speculation, a lot can happen before the elections.
RE-IRA think it will prove very hard for him to overturn it as most of the states benefiting are Republican (allegedly). Who knows?
@Hyseb-21 Doubt this drop is on Trump worries. Most likely just reaction to recalibrating the div. Even if Trump could roll IRA back which I doibt, GSF should have claimed most of its tax credits by that point. Not sure any regulatory change would have an effect as they are mostly merchant participants.
Still over 10% yield. Given they are adding 300MW+ within a year, I reckon revenue/MW would have to drop by at least 50-60% across all their markets for the dividend to be danger. If that were to happen the BESS market would essentially cease functioning so I don’t anticipate it happening anytime soon.
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Why on earth is this trading at 50% NAV? Were they a bit ambitious with the dividend payments?
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Ultimately, the discount or premium to NAV is a function of supply and demand for the shares.
Other energy storage trusts have postponed dividends and GSF’s planning a small cut, which is probably the main driver along with the high interest rate environment.
GSF could bounce back in a big way but I wouldn’t bet on it. A high yield and 40%-plus discount always rings alarm bells about volatility and risk.
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Its an out of favour sector with esg funds taking a dive… all the good will getting the globe back on a stable temp is out as putins war wages in and china threatens tiawan
Oh dear typical of me to get involved in ESG just as it’s on decline. I made a few quid on UKW so can’t complain. Here’s hoping they maintain the dividend 1p per share is fine my be
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