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GRID Gresham House Energy Storage Fund Plc

68.40
0.20 (0.29%)
21 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
  0.20 0.29% 68.40 67.60 68.40 68.20 67.60 68.20 437,136 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -100.1M -110.11M -0.1929 -3.50 385.79M
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 68.20p. Over the last year, Gresham House Energy Sto... shares have traded in a share price range of 36.90p to 148.00p.

Gresham House Energy Sto... currently has 570,701,073 shares in issue. The market capitalisation of Gresham House Energy Sto... is £385.79 million. Gresham House Energy Sto... has a price to earnings ratio (PE ratio) of -3.50.

Gresham House Energy Sto... Share Discussion Threads

Showing 826 to 848 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
19/4/2024
13:24
I still believe battery storage will play an even greater part of our energy infrastructure, after all we are not going to reduce our energy consumption. Question is whether management is competent to navigate through rough times. Other factors at play is the U.K. is an unloved UK market, in four months £2.5 billion pulled from investment trusts, while at the same time £6.7 billion was poured into US markets. I also hold REITS, both U.K. and US. Over the last year I have doubled my money on US REITS yet I am still 20% down on UK REITS.
jpatara3
19/4/2024
12:07
Backed out with a bloody nose, no point being here if they are not paying out any income for another year. Lost more money more quickly but only once and that was in a casino.

If NAV was genuinely in the 120's an infrastructure fund or sovereign wealth or activist ought to be swooping, but it isn't so they aren't. Good luck to everyone finding a positive way to look at this predicament.

Right, down but not out, move on. Where to try and repair the damage I wonder.

marktime1231
19/4/2024
10:14
The Rt Hon Sir Keir Starmer loves this country more than anything in his life and will bring massive investments in Green Infrastructure to revolutionise the UK renewable and energy storage space.

The Rt Hon Sir Keir Starmer will also open the Boarder to our friends and partners over in the EU to come and stay here in the UK and bring their incomes here which will be massive for our economy and stock market.

george stobart
19/4/2024
09:58
Incoming Labour government might change things
williamcooper104
19/4/2024
09:02
Surely more a case of on 1st Feb, removing the divi but using that amount for buybacks.

Subsequent to that, with a further month of cr*ppy pricing in Feb, the buyback is done and now it's on to capital preservation.


"....The commencement of a Share Buyback Programme. The Company will review the Share Buyback Programme on an ongoing basis in the context of its capital allocation decisions, as well as the discount to NAV at which the shares are trading at any given time." [2nd Feb]


Edit - could do with some decent director buying, averaging down their small buys from c.50p.

spectoacc
19/4/2024
09:02
I have loss confidence in the management. And so as everyone else .They better come up good news today .
willywonka12
19/4/2024
08:50
Same occurred to me - buybacks v preserving cash!! Maybe they will explain it today in the 11am call
jpatara3
19/4/2024
08:44
If the priority is deleveraging and preserving cash for current constructions, why was the company continuing to buy back shares until yesterday? Did this only become a priority last night?
jimbox1
19/4/2024
08:43
I think the situation is now as follows for the UK:

GRID, HEIT and GSF complete all projects which are under construction meaning a bunch of new batteries come on line between now and October

And that will be it. These funds are not ever going to raise any more capital and any expansion of batteries in the UK is going to be down to others. There's plenty in the pipeline for the "others" just as there is for GRID/HEIT and GSF but I doubt even a fraction of it will get built now. The cost/benefit analysis has changed.

So, if the ESO want batteries on the GRID and a progression to net zero the price incentives are going to have to change. I suspect that won't happen, low volumes of new batteries will come online after October and income will start whipsawing back the other way about a year later.

Anyway, my view is of course that of someone now sitting in a losing trade and writing a bull case for the future. My average is 43.4p so not a million miles away from breakeven but I suspect I'm stuck here for a while unless I take a loss.

cc2014
19/4/2024
06:43
I won't be a holder of HEIT at any price, but I'm comfortable in GRID & GSF. RNS read well to me.

They've recognised the market isn't out of the woods yet, and are prioritising cash/paying down debt. Yes, I like GSF's huge yield, but there's no way they weren't heavily effected by the Jan/Feb UK market (at least a third, arguably 40%, of GSF). But still too cheap to ignore.

GSF will be paying out some of their NAV, GRID will effectively be accruing it.

NAV's a moveable feast, but consider HEIT/GRID are more or less in the same market, and compare those RNS's.

spectoacc
18/4/2024
21:16
Agreed - it's a terrible piece of market communication. And sadly that reflects badly on the management. By contrast HEIT did communicate much better the increase in revenues observed in the last two months from BESS which surely does also benefit GRID's assets.
dickiehhh
18/4/2024
17:13
What is the point of a trading update that tells you nothing about how they have been trading, what a contrast to other reports. Where are the facts, the data, the metrics? All about assets and nothing hard about trading. Grrrrrrr.

B hell, I feel duped by the HEIT report. If only I had listened to myself and waited what turned out to be about an hour for a report before speculating. The quickest flush in my chequered history.

marktime1231
18/4/2024
16:40
Unaudited NAV per share of 129p compared to the current shareprice of 38p. Crazy !
No position, just monitoring.

masurenguy
18/4/2024
15:27
Does feel like this is akin to DGI9 in that there is nothing to act as a floor under the price as there is nothing remotely 'jam today' it's all tomorrow. And into 2025 as a minimum. It's not even like they are hoisting the 'for sale' sign with a strategic review.

I hold a small amount bought after the fall back from the 60s into 40s.

cousinit
18/4/2024
15:17
Like GRID buybacks I am also mopping up as the price drops, because;The world doesn't have the infrastructure (electricity) to support AI power consumption. The international Energy Agency has estimated the AI industry is going to consume 10x the power demand of 2023 by 2026. Generative AI systems are hugely power intensive, involves crunching of enormous volumes of data and that requires a lot of energy to do. Questions are being asked do we have enough electricity to go around. Connecting the AI facilities to power networks, making sure all the transmission lines are in place. This requires more infrastructure, which takes time to put in place. ... in summary we need more clean energy to meet medium to long term demands that are coming. Battery Storage will play a big part in this infrastructure.
jpatara3
18/4/2024
14:16
Disaster RNS just out.

Share price heading towards 20p, non-stop

george stobart
18/4/2024
13:58
T/s out, a lot in there but is generally OK IMO, albeit:

"As capital allocation is focused on cash preservation and debt reduction and given the challenging recent revenue environment, the Board does not currently expect to pay any dividends or carry out further share buybacks in 2024."


NAV down, but still very significantly higher than s/p.

spectoacc
18/4/2024
12:57
Healthy transparency from HEIT about some of its income performance, but could not quite bring themselves to spell out what seems like the dividend remains suspended for another quarter and policy will be reset for H2.

HEIT got a good 10% kick up this morning and GRID has yet to follow suit. Took another nibble assuming GRID will emulate HEITs trading update in due course.

marktime1231
18/4/2024
09:51
Can't understand why folks are still selling at these levels, when you can clearly see things are improving.
igoe104
18/4/2024
09:22
I draw the conclusion that the market has completely lost the plot.
cc2014
18/4/2024
09:05
No share price bounce here in sympathy with HEIT?
cruelladeville
17/4/2024
17:23
Actually we are promised an update to the dividend policy on or before FY23 results, which were expected by 6 April but in any case sometime "in April".

You have persuaded me cc, took a small bite on share price weakness today.

marktime1231
17/4/2024
16:44
The next declaration of dividend is 5th of May should get result before then
willywonka12
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older

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