Editing Openai/6914efcd-d7d8-800a-85de-4212b5b63948 (section)

== gpt-5 ==
=== User: Please generate a table which shows all scenarios and the timeline in a condensed fashion. ===
Please generate a table which shows all scenarios and the timeline in a condensed fashion.

=== Assistant: Perfect — here’s a condensed DCF summary table showing all three valuation scenarios Bull / Base / Bear and key project… ===
Perfect — here’s a condensed DCF summary table showing all three valuation scenarios (Bull / Base / Bear) and key project milestones over time.

All numbers are in £ millions, except share counts (millions) and price per share (pence).
The timeline covers 2025 – 2030, plus a long-term note beyond 2030.

===== |     |     |     |     |     | =====
| --- | --- | --- | --- | --- |
|     |     |     |     |     |
|     |     |     |     |     |
|     |     |     |     |     |
|     |     |     |     |     |
|     |     |     |     |     |
|     |     |     |     |     |
|     |     |     |     |     |

===== |     |     |     |     | =====
| --- | --- | --- | --- |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |
|     |     |     |     |

===== |     |     | =====
| --- | --- |
|     |     |
|     |     |
|     |     |
|     |     |
|     |     |

Would you like me to generate this as an Excel or CSV file (so you can tweak assumptions like per-MWh economics or discount rates)? I can export that next.

=== User: Summarize this even further and show milestones inside a table and how the share price would most likely develop for th… ===
Summarize this even further and show milestones inside a table and how the share price would most likely develop for the base case.

=== Assistant: Here’s a super-condensed, visual timeline table that shows the main milestones for Ampeak Energy LON: AMP and how the s… ===
Here’s a super-condensed, visual timeline table that shows the main milestones for Ampeak Energy (LON: AMP) and how the share price might evolve in the ''base case'' as each project milestone is achieved.

All prices in pence/share, rounded, and based on the DCF base scenario (≈ 15 p target over 5 yrs).

===== ⚡ Ampeak Energy – Base Case Milestone & Share Price Outlook =====

| Year        | Milestone / Event                                                                          | Operational Impact                                                | Expected Share Price Trend (Base Case) |
| ----------- | ------------------------------------------------------------------------------------------ | ----------------------------------------------------------------- | -------------------------------------- |
| 2025        | • AW1 reaches financial close (Aug 2025)
• MeyGen Phase 1 steady output (~7–8 GWh H1 2025) | Limited cash inflow; sentiment improves as financing de-risks AW1 | 2 – 3 p                                |
| 2026        | • AW1 under construction (240 MWh)
• AW2 & MeyBESS grid prep                               | High capex year; little revenue, slight equity raise risk         | 2 – 4 p                                |
| 2027        | • AW1 fully operational – adds ~£5 m net cashflow p.a.                                     | First profitable year; visible recurring cash                     | 5 – 8 p                                |
| 2028        | • AW1 stable, debt begins to ease
• AW2/MeyBESS in late-stage planning                     | Market starts pricing growth pipeline                             | 8 – 10 p                               |
| 2029        | • AW2 & MeyBESS construction phase (combined 2.45 GWh)                                     | Major expansion visibility; value inflection point                | 10 – 13 p                              |
| 2030        | • AW2 & MeyBESS first full year of ops
• Group after-tax CF ~£25 m p.a.                    | Cashflows triple; balance sheet improves                          | 13 – 16 p                              |
| Beyond 2030 | • Uskmouth expansion to ~3–4 GWh
• MeyGen CfD phases online                                | Scaled IPP platform; institutional re-rating likely               | 15 – 20 p + (upside range)             |

===== 🧭 In one line: =====

: Under the base case, Ampeak’s share price could rise gradually from ~2 p today to ~15 p by 2030, driven mainly by AW1’s commissioning (2027) and the later ramp-up of AW2 + MeyBESS (by 2030).

Would you like me to add a chart version (timeline vs. price trajectory) for quick visualization?