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GRID Gresham House Energy Storage Fund Plc

41.80
0.30 (0.72%)
28 Mar 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
  0.30 0.72% 41.80 41.80 42.30 42.50 41.80 42.50 1,634,625 16:14:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 225.44M 217.14M 5.6732 0.07 16M
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 41.50p. Over the last year, Gresham House Energy Sto... shares have traded in a share price range of 41.50p to 167.40p.

Gresham House Energy Sto... currently has 38,273,996 shares in issue. The market capitalisation of Gresham House Energy Sto... is £16 million. Gresham House Energy Sto... has a price to earnings ratio (PE ratio) of 0.07.

Gresham House Energy Sto... Share Discussion Threads

Showing 51 to 75 of 775 messages
Chat Pages: Latest  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
11/6/2020
15:07
'This deserves a hefty premium to Nav' can I ask why hd? I am interested in buying shares here, I get the green agenda and that battery storage is going to be a big mover in the future but am a little loathe to pay 110 for a nav of 101.5
fozzie
08/6/2020
20:31
Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers GRID. We also chatted about the current situation in the Markets and covered loads of Stocks and as always a fair bit of general Portfolio Management educational stuff. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 24) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

thewheeliedealer
03/6/2020
14:31
Another good RNS. The quicker the expansion, the better.

New broker should also mean a full research note, which won't do any harm as there's such a powerful investment case.

80K bought today and not a seller in sight! This deserves a hefty premium to NAV and will probably get it pretty soon. It's a wonderful SIPP stock for sure!

hiddendepths
11/5/2020
06:53
Good rns this morning
nimbo1
30/4/2020
10:58
Good buying today with sellers in short supply. Couldn't resist topping up. Wish I'd done it when you guys did after the RNS.
hiddendepths
27/4/2020
10:15
Its a good opportunity as it has traded at a premium for most of its listing. It held up way better than any of my other fixed income like funds, and more importantly legitimately so.
hpcg
27/4/2020
08:01
Hi HPCG - I also own here now. I've watched for a while and update looks positive - bought 100k shares easy enough so plenty of liquidity around currently.
nimbo1
27/4/2020
07:26
I own in an IG ISA. Very happy with that update. It is ticking the boxes it should in the way it operates even in this environment.
hpcg
27/4/2020
06:54
Mas - I bought some a week ago through II, having failed with Chas Stanley Direct. Is it a 'specialist market' stock, which some brokers don't use?

Full year results out today, seem to be ahead of their projections. 7% dividend for current year.

jonwig
17/4/2020
12:25
Not many brokers handling this stock. Looked to make an initial investment today but my broker does not deal with GRID. Spoke to the fund management and they confirmed that this is the case and that they are frustrated by it.
masurenguy
24/1/2020
14:16
the premium ballooned soon after i started watching this. i could be mistaken to watch and wait, but for now it's too rich for me.
cordwainer
23/1/2020
10:38
Also happy to sit tight as the share price grinds higher. Await with interest the next tranche of updates, especially if they follow through on their dividend commitment and whether that encourages some move upwards.

There's already a decent premium over NAV, though in te current market that doesn't seem to matter much.

lord mandelbaum
13/1/2020
16:10
Attracting a steady stream of modest buying and sellers are few and far between. What not to like as the share price gently drifts upwards?

The break-out to new highs may elicit some interest from momentum buyers too.

hiddendepths
12/10/2019
07:47
Having bought in here to provide some diversification I am happy with the obvious progress being made.I have already received one dividend payment and additional increases are on the way.The aim is for an 8% return but this should rise to 15% with gearing.The intended £200m fundraising has been completed which should enable them to get up and running and provide a base for low cost borrowing of up to £100m.Given the origins/background of the fund I can find nothing surprising or untoward in their dealings.I held shares in Gresham from 440p to 590p but sold as I thought they were getting expensive I may return soon as I certainly rate this management.
pavey ark
11/10/2019
10:44
I was looking at this and originally had orders in but pulled them because

1. The Noriker relationship seems a bit incestuous?? The fund bought a 5% stake in Noriker for �400,000, but Noriker is a Gresham House company as far as I understand, which now has a value of �20m all created by Gresham.


2. I saw one of the biggest holders is Lux Energy. Their registered office is at Gresham. So are these funds they manage they are channeling into their own GRID?

3. Watched the Hardman and co presentation and can't say I was that impressed.

I prefer the NTMA advisory relationship which GSF has.

Clearly, just my own thoughts!

jdepp5
11/10/2019
08:29
Given the unfortunate timing of the placing, that's not a bad result!
hiddendepths
04/10/2019
08:14
Agreed jon, although they may have had their reasons. Maybe the nature of the shareholders means that many were not in a position to take up any open offer, for instance if they are in funds managed by brokers. I don't think there are many ordinary private shareholders in this stock (yet?). Miles under most radars but the brokers know about it. And a few people who I've suggested it too!
hiddendepths
03/10/2019
06:23
They're all at it, by he looks of it: 3IN doing one as well.

They want to increase share capital by one-third so they should have gone for an open offer instead of a GM which will no doubt nod it through.

jonwig
03/10/2019
06:16
Oh ho, placing at 103p! Explains why the price has been held down. I imagine it's done and dusted already apart from the paperwork.

I'm glad they're expanding - the market's growing quickly and will continue to do so, probably at a faster rate still. Opportunities abound!

hiddendepths
01/10/2019
15:02
Looks like the seller might have finished with that final dump!
hiddendepths
17/9/2019
12:37
Thanks jonwig! Read that immediately after you drew my attention to the stock in your previous post! I don't think it added much.
hiddendepths
17/9/2019
11:57
Quoted Data has a lengthy research note on JLEN, dated 09/09. It explains battery storage in some detail, though this is currently a negligible part of the portfolio:
jonwig
17/9/2019
10:21
Yes jonwig, I read that.

I do have a bit of anxiety about the life of lithium-ion batteries but the payback period is not long and should fall further as the price differentials will inevitably widen as wind and solar continue to gain market share. GRID is very aware of the technical issues, which I find comforting, and will quickly move into any improvements which are forthcoming. In the meantime, it looks as though everyone is in the same boat with the possible battery life issue. But demand for what these batteries do can only strengthen for the next five years at least. If the batteries don't last as long as is hoped, prices will have to improve to stimulate enough investment to fill the energy holes and skim off the excesses.

It's certainly important to have critical mass. GRID has it but I agree that GSF is too small. I didn't know about JLEN but there will inevitably be competition in such an explosive high-margin market.

I've only looked seriously at this stock fairly recently. I am not keen on high premium trusts either! But now that premium has fallen sharply with a lower stock price and a higher NAV.

hiddendepths
17/9/2019
09:27
I would buy more if Sterling recovered, otherwise the premium makes no sense. Lithium should be absolutely fine for this use case.
hpcg
17/9/2019
08:35
There was some discussion of the Gore Street (GSF) thread about lithium-ion not being as long-lived or reliable as the industry makes out. This may or may not be true, but was one factor putting me off.

Also, GSF is too small, and GRID had a huge premium at the time. I think JLEN is moving into storage as part of its diversification.

jonwig
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