Gresham House Energy Sto... Share Discussion Threads

[jonwig] 11/1/2021 11:41

A technology to keep a watch on: vanadium redox flow battery. There are some start-ups (US, Germany) but nothing quoted, I think. Bushveld (BMN) mines the stuff.

An established investor such as GRID could easily commission and run a plant if it say a decent return.

[adamb1978] 28/12/2020 19:28

This is why funds have independent NEDs. Should ensure that deals are done on an arms-length basis

[kramch] 28/12/2020 10:29

Agreed, are these developments independently valued before transfer to GRID and on what basis?
K.

[samwn1] 27/12/2020 11:31

How are the benefits shared when Gresham House Energy Storage buys a project from Gresham House Development? They seem to be the main supplier of projects. Seems too cosy for me.

[igoe104] 24/12/2020 08:00

Another acquisition, from grid.

[igoe104] 27/11/2020 13:52

This is a lovely company to have in your portfolio, good dividends every 13 weeks. And they operating in a big growth sector.

[adamb1978] 25/11/2020 20:03

Applied for 14k and got the lot!

[jonwig] 25/11/2020 17:55

Looks like I got all (but only a small subs).

[speedsgh] 25/11/2020 17:24

Received just over 98% of application. Happy with that.

[jonwig] 25/11/2020 07:13

... successfully raised gross proceeds of GBP120 million through the issue of 114,285,714 ordinary shares of 1 pence each in the capital of the Company at an Issue Price of 105 pence per New Ordinary Share.

Due to the level of demand, a scaling back exercise has been undertaken with respect to applications received pursuant to the Initial Placing and the Initial Offer for Subscription.

[jonwig] 23/11/2020 07:35

Li-ion storage. Limitations and alternatives -

[adamb1978] 16/11/2020 10:43

Thanks for posting that interview Astonedt

[hiddendepths] 15/11/2020 22:12

I imagine they won't cut back the minimum subscription so going for that on two of my accounts. Trying for more on the third but will doubtless get fewer than I want!

[speedsgh] 10/11/2020 16:33

Link to prospectus -

Minimum subscription amount is £1,000

[jonwig] 10/11/2020 07:54

Here's the fundraising:



No mention of which intermediaries are taking part in the offer for subs.

[jonwig] 31/10/2020 10:35

Agree with your choice, but UKW, TRIG and GRID aren't REITs. (Vital with REITs to hold them in an ISA or SIPP, as you'll know.)

[igoe104] 31/10/2020 10:26

In uncertain times, it's great to hold some of these REITs. I hold six of them. WHR, Grid, UKW, Shed, trig ,BBox. Good yields and less volatile than 95% of other general shares. Also considering adding one of those clean energy funds to the collection when I have available funds...

[jonwig] 27/10/2020 16:11

In the factsheet today there's a map which mis-labels projects p, q and r. I've informed them.

Not material, but I'm often surprised at the frequency with which companies need to issue RNS corrections. One day there might be a price-sensitive error - I hope I'm not on the receiving end!

[pavey ark] 27/10/2020 12:14

I do like the company (the idea) and very much like the management.

I bought in at the start c. 102p and they have done what they said they would.

They will make an excess from cost of raising capital and I expect the dividend to rise further.

[jonwig] 27/10/2020 07:32

Three announcements this morning.

I'd overlooked the size of their discount rate, just been dropped from 11.1% to 10.75%.
A fair bit steeper than standard renewables/infrastructure businesses.

And they're on a big fundraising splash (doubling size), as much as possible non-pre-emptive. Can hardly blame them with a share price of 111p and nav of 101p.

[jonwig] 14/10/2020 09:44

"Wealth Club" were offering GRID bonds a few months ago but maybe not the same series.
Minimum was £105,000.

[hpcg] 14/10/2020 09:30

Expanding with debt is a step in the right direction. 5% for secured is steep so I presume those bonds are in effect a revolver and they'll soon issue actual bonds at something like 2%.

[igoe104] 09/10/2020 15:18

Simon Thompson From the IC - Mentions ( Grid ) positivity in his latest podcast.

20 minutes in -

[igoe104] 25/9/2020 13:34

Nice Divi Paid today, good solid investment - especially in uncertain times.