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GRID Gresham House Energy Storage Fund Plc

67.00
1.00 (1.52%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House Energy Storage Fund Plc LSE:GRID London Ordinary Share GB00BFX3K770 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 1.52% 67.00 65.50 67.00 67.00 66.80 66.80 275,561 15:04:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -100.1M -110.11M -2.8769 -0.23 25.64M
Gresham House Energy Storage Fund Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker GRID. The last closing price for Gresham House Energy Sto... was 66p. Over the last year, Gresham House Energy Sto... shares have traded in a share price range of 36.90p to 150.60p.

Gresham House Energy Sto... currently has 38,273,996 shares in issue. The market capitalisation of Gresham House Energy Sto... is £25.64 million. Gresham House Energy Sto... has a price to earnings ratio (PE ratio) of -0.23.

Gresham House Energy Sto... Share Discussion Threads

Showing 651 to 674 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
02/2/2024
16:47
Stevenson and another director had a dabble this afternoon. Stevenson of Citywire fame has previously suggested these along with other infrastructure funds shouldn't have been so income focused as they are more long term investments so he got that right.
nickrl
02/2/2024
12:38
The RNS stated that the buy-back would be for the same value as the foregone dividend.
Additionally Ben Guest stated in the webinar yesterday it would be for around £2m.

cc2014
02/2/2024
11:16
Got out few days ago-not holding a fund with managers and bad actors behaving like this. Better places to put my £
cellular3
02/2/2024
10:59
GRID commence a buyback programme without any specified parameters. Unbelievable, how does the market know how to react? Quite right that the share price has not responded positively.

A more honest rns from HEIT pulling its dividend. A further 20% share price retreat seems a bit harsh. No silly buyback, concentrating on delivering its capex programme to enhance income. A bit of an eye-opener though, HEIT admits the collapse in revenue was evident way back in Oct 2023. We have been kept in the dark then.

marktime1231
02/2/2024
10:38
@catch007 - couldn't agree more

Madness imo

misterd1
02/2/2024
10:03
@igoe the ESO is now dependant on batteries for frequency control and will become more so as the level of renewable generation increases and gas declines so there is baseload demand for them. Problem is current BESS build out rates are outrunning the renewables but that dynamic will improve back end of this and into 2025 when more offshore wind is commissioned. The bottom line is this market is commoditised now and the best outcome here is survivability although i wouldn't be surprised to see one of the bigger energy trading organisation that operate at scale in the UK electricity market taking out this or HEIT.
nickrl
02/2/2024
09:56
No one willing to hold today
shinnas
02/2/2024
09:24
When cash flow is a priority now I cannot understand the logic of launching a share buy back. I bought GRID as an income play and it is now looking at being a basket case along the lines of DGI9!
catch007
02/2/2024
09:05
Harmony cut the dividend until further notice.

Down another -10% and has fallen in the 30p purgatory.

Market is pricing a bust or a wind-up similar to the likes of Digital 9 Trust.

mr george stobbart
02/2/2024
09:03
So Jefferies smashes the price down with broker notes and then participates in the share buyback program, Does anyone smell fish?
nickelmer
02/2/2024
08:55
These should recover over the next year or so. Cant see the government letting battery storage companies struggle, because they desperately need them to store all this large incoming wind power thats coming online from the dogger find farm, which is the biggest in the world.
igoe104
01/2/2024
21:08
Is that the ironically named "Secure" Income REIT?
newbold120
01/2/2024
20:54
Dividend cancelled but no sign of Gresham House cutting their fees at leadt som reits have had the humility to acknowledge they've made some errors.
nickrl
01/2/2024
18:41
Institutional shareholders have been burned as well. Most of the big wealth managers.

The only thing going for Ben Guest is that he has lost a shedload of his own cash. He was a big holder and still is. Not sure it reinforces confidence in his skills though!

What is difficult to reconcile is the 0.1% dividend cover quoted and GRIDs view that they would have been covered sometime soon. Bit of a gigantic gap.

Anyway, the learning point is not to invest in renewables where the dividend isn't covered. Follow the cash!

topvest
01/2/2024
18:37
Institutional shareholders have been burned as well. Most of the big wealth managers. The only thing going for Ben Guest is that he has lost a shedload of his own cash. He was a big holder and still is.
topvest
01/2/2024
16:23
Determined buying this afternoon has restored about 4p of the damage. Will it stick?
marktime1231
01/2/2024
16:07
genista71 - agree with you about NAV. This is really a trading business and should be valued like one. That is easier said than done as the effective debt does not look to be accounted for properly? I don't know why the debt of the wholly owned midco does not appear in the interim accounts. Presumably then the RCF draw-down must have occurred after 30 June but before the interim RNS.

These are uninvestable without recent accounts, and in any case ROCE and ROE are only 5%, so hardly attractive in this day and age.

hpcg
01/2/2024
15:38
Big issue for me was they should of got this RNS out alot earlier These funds with inside info shouldn't of been allowed to off load their shares over the last few weeks at a higher price..

Poor management, allowing funds to benefit at the expense of PIs

igoe104
01/2/2024
15:25
Apparently it was leaked from someone connected to the national grid ?
igoe104
01/2/2024
15:21
Too late. PIs have probably all lost at least half of our investments Only the insiders or institutions partial to the leaked information or shorters win from this debacle
dickiehhh
01/2/2024
15:17
Any issues email them, they will message you back with your concerns..

Info@greshamhouse.com

igoe104
01/2/2024
14:25
@fordtin gas has a slow ramp rate compared to batteries but one instruction can fill a big hole has been the argument. The move to OBP has automated instructions but lots of bess are getting small amounts probably not healthy for batteries either being cycked too much
nickrl
01/2/2024
14:23
It's nothing short of scandalous how the bad news has been leaked to the market especially after their 15th December RNS that stated the OBP and BM based on provisional data would lead to "increased revenue opportunities"Ben Guest also had the audacity to go on the MoneyMakers website and talk up the assets only a month ago, and how all the problems with the BM would be shortly solved Then the bad news is leaked and/or insiders are selling and/or ...The share price falls 50 percent from its pre Jan levels - AND ONLY THEN do the bird communicate the bad news to the market
dickiehhh
01/2/2024
14:14
This sums things up.
igoe104
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older

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