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Gore Street Energy Storage Fund plc (GSF) Ordinary Shares

Sell:106.00p Buy:107.00p 0 Change: No change
Market closed Prices as at close on 22 January 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Gore Street Energy Storage Fund plc Ordinary Shares

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 3 Dec 2020)

What is happening?

 

Gore Street Energy Storage Fund plc wants to raise funds to provide the Company with additional working capital in order to acquire new projects in the Company’s pipeline and to fund capital expenditure requirements of investments in the Group’s existing portfolio. To help do this, the Company is giving existing shareholders the chance to buy new shares.

 

The easiest way to do this is online, and the deadline to give an instruction is noon on Thursday 10 December 2020.

 

You have two options

 

1. Do nothing

 

You don’t have to take part in this Subscription Offer. If you do not wish to subscribe for new shares you need take no action and your holding will remain unchanged.

 

2. Buy new shares

 

You can buy new shares.

 

• The new shares cost 100p each. Please note that subscriptions are subject to a minimum amount of £1,000 and must be in multiples of £100 thereafter.


• You can buy the shares in any of your Hargreaves Lansdown Accounts. If you wish to buy the new shares in a separate Account to where you hold your current holding of shares, please let us know by using the further details link when providing your election.

 

The new shares are expected to be credited to your portfolio on, or around Thursday 17 December 2020.

 

Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:106.00p
Buy:107.00p
Change: No change
Market closed Prices as at close on 22 January 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Gore Street Energy Storage Fund plc Ordinary Shares

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 3 Dec 2020)

What is happening?

 

Gore Street Energy Storage Fund plc wants to raise funds to provide the Company with additional working capital in order to acquire new projects in the Company’s pipeline and to fund capital expenditure requirements of investments in the Group’s existing portfolio. To help do this, the Company is giving existing shareholders the chance to buy new shares.

 

The easiest way to do this is online, and the deadline to give an instruction is noon on Thursday 10 December 2020.

 

You have two options

 

1. Do nothing

 

You don’t have to take part in this Subscription Offer. If you do not wish to subscribe for new shares you need take no action and your holding will remain unchanged.

 

2. Buy new shares

 

You can buy new shares.

 

• The new shares cost 100p each. Please note that subscriptions are subject to a minimum amount of £1,000 and must be in multiples of £100 thereafter.


• You can buy the shares in any of your Hargreaves Lansdown Accounts. If you wish to buy the new shares in a separate Account to where you hold your current holding of shares, please let us know by using the further details link when providing your election.

 

The new shares are expected to be credited to your portfolio on, or around Thursday 17 December 2020.

 

Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:106.00p
Buy:107.00p
Change: No change
Market closed Prices as at close on 22 January 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Gore Street Energy Storage Fund plc Ordinary Shares

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 3 Dec 2020)

What is happening?

 

Gore Street Energy Storage Fund plc wants to raise funds to provide the Company with additional working capital in order to acquire new projects in the Company’s pipeline and to fund capital expenditure requirements of investments in the Group’s existing portfolio. To help do this, the Company is giving existing shareholders the chance to buy new shares.

 

The easiest way to do this is online, and the deadline to give an instruction is noon on Thursday 10 December 2020.

 

You have two options

 

1. Do nothing

 

You don’t have to take part in this Subscription Offer. If you do not wish to subscribe for new shares you need take no action and your holding will remain unchanged.

 

2. Buy new shares

 

You can buy new shares.

 

• The new shares cost 100p each. Please note that subscriptions are subject to a minimum amount of £1,000 and must be in multiples of £100 thereafter.


• You can buy the shares in any of your Hargreaves Lansdown Accounts. If you wish to buy the new shares in a separate Account to where you hold your current holding of shares, please let us know by using the further details link when providing your election.

 

The new shares are expected to be credited to your portfolio on, or around Thursday 17 December 2020.

 

Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
107.00p
Trade high:
107.00p
Year high:
114.00p
Estimated NAV:
93.30
Previous close:
106.50p
Trade low:
106.00p
Year low:
81.00p
Premium/Discount:
14.15%
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
274,537
Dividend yield:
6.60%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
GORE STREET EN. performance chart

Premium/Discount

GORE STREET EN. performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 0% 1 year 1Y 10.36%
1 month 1M 2.9% 2 years 2Y 12.7%
3 months 3M 0.47% 3 years 3Y n/a
6 months 6M 0.47% 5 years 5Y n/a

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: FTSE All Share TR GBP
Annual management charge: 1% of Net Assets
Performance fee: Yes
Ongoing charge: 3.47%
Dividend yield: 6.60%
Dividend frequency: Quarterly
Total assets: £72m
Gross gearing: 100%
Market capitalisation:Market cap.: £82m
Shares in issue: 143.87 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00BG0P0V73

Recent dividends paid or declared by Gore Street Energy Storage Fund plc:

Type Ex-div date Payment date Amount
2nd interim 31/12/2020 15/01/2021 2.00p
Interim 08/10/2020 30/10/2020 2.00p
4th interim 09/07/2020 23/07/2020 1.00p
3rd interim 12/03/2020 27/03/2020 2.00p
2nd interim 19/12/2019 10/01/2020 2.00p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Gore Street Energy Storage Fund plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/03/2020 7.20% 1.68 7.00p
31/03/2019 4.40% -0.84 4.00p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The company seeks to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility scale energy storage projects primarily located in the UK, although the company will also consider projects in North America and Western Europe. In addition, the company seeks to provide investors with an element of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the investment policyof the company.

NET ASSET VALUE (NAV)

Estimated NAV: 93.30
Latest actual NAV: 97.30
Latest actual NAV date: 30 September 2020
Premium/Discount: 14.15%
12m average Premium/Discount: 4.37%
NAV frequency: Quarterly

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 11 April 2018
Financial year end: March
Next AGM: August 2021
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.