What we really need is the battery pack to get there capacity up that they can be the base load for the uk that will be the game changer
According to my research GSF are due a tax credit of 60m usd early next year. Do you think we will get it? I suspect this will be a game changer for GSF if we do (maybe the market isnāt confident hence the low so).
Still feels like a bargain to me hopefully Iām right.
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Well they should get it no reason they shouldntā¦ also they are still aiming for 7p yearly dividend i thought means last quarter dividend should be 4p!!
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bessanalytics.comās 30 day aggregated UK index is back to early 2023 levels. Balancing Mechanism has really kicked into gear.
They have an amazing amount of asset-level detail even though thereās missing sites (can only see 55MW of GSFās base). HEIT has over a tenth of the UKās total capacity. You can see why thereās reluctance to invest in longer duration at the moment, only 9 of the 28 owners have average duration of 2 hrs or more. Owners with 1hr assets are averaging around Ā£8-9/MW/hr, those closer to 2hrs are averaging around Ā£11, only 30% more when incremental capex was around 40-50% in 2023. Interesting to see what falling battery prices do to this.
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Iām only down -23.95% on GSF which is pretty good for me.
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ps @dk1 - you have a broken link to bessanalytics.com - fascinating site, I wish I understood it all better!
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Yesterday BESS received by far the highest revenue since at least the end of 2022, Ā£305,000/MW annualised.
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Sounds good also The US have apparently confirmed the tax credit is still Gna be paid as well so. Not to mention Enderby is due to energise this month and Dogfish will be up and running in Feb.
How are we still trading at a 50% discount to NAV?
If itās a financed thing Iām more than happy as a shareholder for them to use the tax credit for something other than dividends is that the reason does the market think the dividend payments are unsustainable?
Ah yes just had a look at the company and itās burning through cash. It might be wiser of them to keep the tax credit and build back up the cash holding rather than increase the dividend
So how are they burning through cash??
If you look at the accounts they had 65m in cash at 31 March 2024 and 19m in cash at 30 September 2024. The 19m just about covers the dividend payout. I reckon that might have affected the SP
I beat you! Iām down 27.05% are you loosing your touch?
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Dividend to look forward to next week.
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Look at you stealing my thunder with a bigger loss! Iām proud of you and what Iāve helped you become 
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I can only hope to follow in your hoof prints! Youāve taught me well.
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Happy dividend payment day everyone hopefully we will have the funds sometime tommorow
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Anyone know why the dividend was paid in two separate amounts?
From the RNS: āAny such dividend payment to Shareholders may take the form of either dividend income or āqualifying interest incomeā, which may be designated as an interest distribution for UK tax purposes and, therefore, subject to the interest streaming regime applicable to investment trusts. Of this dividend declared of 1.0 pence per share, 0.87 pence is treated as qualifying interest incomeā.
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Still dropping I see Iām just chasing losses now will never see a recovery based on the dividend.
The quandary is Iām currently sat at 58p average so I continue to average down till Iām umder 50p?
If this is the bottom then it might be a wise choice but it seems like the sp just gets lower and lower.
This and other renewables types seem to be out of favour in the last few months. The nav in September was a quid making this cheap depending what the nav is next update.
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