Gresham House Energy Sto... Share Discussion Threads

[igoe104] 11/1/2023 09:41

Ex dividend forecast at the beginning of March, payment end of March. Announced some time in February id imagine.

[willywonka12] 11/1/2023 09:13

When is next dividend announcement

[mrnumpty] 25/12/2022 09:08

In the Business section of the Daily Telegraph of Friday 23rd December , there was a large comment piece by Nina Skorupska , head of the Association for Renewable Energy and Clean Technology . Titled “ Sunak’s renewables tax hits our wind and solar plans “ , Ms Skorupska describes the irrationality of this tax , stating that the Electricity Generator Levy “ is a tax on revenues , rather than overall profit “ . She states that the EGL is more onerous than the fiscal treatment of oil and gas companies , which can offset revenues against new investment . On the announcement of this tax , I sold my holdings in renewables funds , such as JLEN . I suspect that some investors might also shun investing in Gresham House Energy Storage , wrongly thinking that the EGL will negatively imoact this fund . In fact , as Ms Skorupska concludes in her article , the EGL will make it harder to solve this country’s energy crisis . In other words , my belief is that this stupid tax will prolong the increasingly dire disparity between supply and demand in our energy market , which makes battery storage provided by Gresham House Energy Storage all the more important .

[spangle93] 22/12/2022 17:39

@JamTin

Just to close out the conversation last week, HL, having paid the first part of the distribution (dividend) on Friday 16, paid the remaining interest distribution into my account on Monday 19

[igoe104] 20/12/2022 15:02

Trig announced they have purchased a barrery storage facility, in the North East. I do like this barrery storage sector. I hold Grid and Trig.

[willywonka12] 16/12/2022 17:16

Is they an annual charge of 1.15 % from GRID on increase of net assets value .
Also pay the divi quiet late

[jonwig] 16/12/2022 17:13

The interest element of the dividend is a separate payment from the ordinary element. A broker might merge them before paying you the total, or (like ii) pay them separately.

If your shares are in an ISA, it's irrelevant; if not, they are treated differently for tax purposes.

[jamtin] 16/12/2022 16:42

thanks Spangle93. Makes some kind of sense - one of my other holdings paid this sort of split dividend recently as well and one part took significantly longer to come through than the other.

I'd just done what you did and before raising with HL I'd looked back at the previous dividend from GRID and saw it all came in one payment, so assumed it should be the same this time. Seems they have changed this time for some reason.

[alter ego] 16/12/2022 16:21

Likewise. I have a "dividend payment" in my hL account on 28 October and another today. Adding them together and dividing by the number of shares gives a dividend per share of 24p. Confused? so am I.

[spangle93] 16/12/2022 15:49

JamTin

The RNS on 31 Oct states "GRID is pleased to announce a dividend of 1.75p per Ordinary Share for the period from 1 July 2022 to 30 September 2022. The dividend will be paid on 16 December 2022 to Shareholders on the register as at the close of business on 25 November 2022. Of this dividend declared of 1.75 pence per Ordinary Share 0.65 pence is declared as dividend income with 1.1 pence treated as qualifying interest income."

I have a payment from HL titled "STDIV" equivalent to 0.65p/share. So, one would suspect the cash equivalent to 1.1p/share would show as a separate transaction

However,
The RNS on 27 Sept also stated "GRID is pleased to announce a dividend of 1.75p per Ordinary Share for the period from 1 April 2022 to 30 June 2022. The dividend will be paid on 28 October 2022 to Shareholders on the register as at the close of business on 7 October 2022. Of this dividend declared of 1.75 pence per Ordinary Share, 0.65 pence is declared as dividend income with 1.1 pence treated as qualifying interest income."

In my HL account for 28 Oct it just has a single transaction called STDIV of 1.75p

So, having looked at it for myself, I don't know what they are playing at either.

[jamtin] 16/12/2022 15:20

Anyone else's divi with HL come through too low? Mine's come in at an equivalent of only 0.65p per share. I've raised a query with HL support.

[cruelladeville] 16/12/2022 08:44

Divi day today.

[cruelladeville] 12/12/2022 14:33

Record all time electricity prices prese. I hope GRID are making the best of arbitrage opportunities. Country needs WAY more energy storage than we have.

[marktime1231] 07/12/2022 12:37

That's why.

[marktime1231] 05/12/2022 16:45

The share price buzzing today, wonder why. Still waiting to hear the delayed Enderby and Coupar Angus sites have gone live, something promised "in the coming days" months ago now. The hugely impressive and mostly paid for pipeline is what we are here for, but having invested in earlier stage developments we need to know GRID can deliver.

[marktime1231] 05/12/2022 12:36

How long you can deliver power for is an impossible question, its all about power curves, response times, the "friction" created by the rate at which cells are charged and discharged, the frequency and depth of cycles and the way that degrades performance etc.

The norm in Li-ion battery storage was initially half-hour and is now being extended from 1hr to 2hrs. As you say that goes a long way to balancing the capacity peaks in the UK daily cycle, along with a steadier underlying contribution from pumped hydro.

My guess is optimum duration is probably an economic question rather than a technical one.

[jonwig] 05/12/2022 10:12

marktime - how long can a Li-ion battery store power for? I read once it was 6 hours maximum. That's more than enough to smooth out peak demand over a day's cycle.

Another company has just commissioned three sites, for 1 hour and 2 hours. Presumably they believe that will come in useful?

This is a useful introduction, but it doesn't give numbers of hours:

https://www.nationalgrideso.com/electricity-explained/how-do-we-balance-grid/how-does-storage-help-us-balance-grid

[cruelladeville] 05/12/2022 09:59

Good to see GRID inching back towards 170p. Dividend soon.

[marktime1231] 29/11/2022 22:32

Looks like the extra peak demand for electricity this evening has caused a massive spike in the price, good news for standby suppliers and presumably GRID.

Goes to show. When the wind is light we can't generate enough power, not even by burning coal, we can't import enough over interconnectors, we don't have enough pumped hydro, so it was battery storage and emergency peaker plant keeping the lights on. And only just from the look of it.

It is annoying that the govt today, I think for the third time this year, has announced support for Sizewell C, as if the previous announcements were not real commitments. As if saying we will (might) replace some nuclear capacity next decade solves anything. To be followed by a public information advertising campaign telling us to use less energy. As if we need to be told with prices 4 x normal. As if we haven't already been doing our bit. Useless f'ing morons.

It needs someone to take a picture of the Energy Minister's house with all lights blazing to shut the hypocrits up. Except not sure we have one at the moment. Shapps will do, he's a two-faced so and so, let's see what his electricity meter is doing while we are all shivering in the dark.

[waterloo01] 20/11/2022 14:32

hTtps://citywire.com/investment-trust-insider/news/renewables-which-funds-will-pay-hunt-s-14bn-windfall-tax/a2402937

The exclusion of battery storage is clearly good for funds in this sub-sector: Gresham House (GRID), Gore Street (GSH) and Harmony Energy Income (HEIT).

Winterflood also pointed out that if biogas was confirmed as exempt, it would benefit JLEN Environmental Assets (JLEN), a diversified fund that generates some of its revenue from the sale of heat and biogas and enjoys some subsidy in the form of the feed-in-tariff scheme.

With its portfolio focused on Ireland and Europe, Greencoat Renewables (GRP) is also in the clear.

[waterloo01] 17/11/2022 16:30

Thanks. I'm more into GORE and also relevant there

[fordtin] 17/11/2022 16:19

HM Treasury November 2022
Electricity generator levy

page 12
"The levy will not be applied to pumped storage hydroelectricity or battery storage."

Https://www.gov.uk/government/publications/electricity-generator-levy-technical-note

[cruelladeville] 17/11/2022 16:09

I think GRID and peers have dodged the 45% tax robbery on electricity generation? Though I wait for confirmation from someone on that.

[marktime1231] 09/11/2022 18:45

Welcome update, too late though already extended the debt facility having missed the chance of an issue at this price two months ago, a frustrating dividend delay all for nought.

Not immune to execution risk, 90MW which was supposed to be days away in September still held up, missing out on revenue and the cost overruns are eroding NAV. Let's hope the 400GW due to commission in the next 6 months will be delivered smoothly.

Still a great outlook, GRID are at scale ahead of the rest of the market, and I agree it would be an own-goal to punish battery storage companies with windfall taxes since this technology is key to managing Winter peak demand. GRID is part of the solution not the problem. On the other hand a 95% tax rebate on all the investment would be rather good news.