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GRID Gresham House Energy Storage Fund Plc

66.00
-0.20 (-0.30%)
12 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 -0.30% 66.00 65.80 67.50 67.20 65.80 66.90 408,524 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -100.1M -110.11M -2.8769 -0.23 25.72M
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 66.20p. Over the last year, Gresham House Energy Sto... shares have traded in a share price range of 36.90p to 153.80p.

Gresham House Energy Sto... currently has 38,273,996 shares in issue. The market capitalisation of Gresham House Energy Sto... is £25.72 million. Gresham House Energy Sto... has a price to earnings ratio (PE ratio) of -0.23.

Gresham House Energy Sto... Share Discussion Threads

Showing 851 to 872 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
26/4/2024
12:55
@erstwhile wind is very low today so generation dominated by CCGTs thus price spread much reduced along with need for frequency management. Mind you short term forecast isn't showing high wind for a few days either so income will slip back but April will still be a reasonable month but how representative it is of the future remains to be seen. So id say your assessment is fair and GRID clearly don't anticipate that much of an improvement this year but given the mess they got themselves in they will no doubt throw caution to the wind. I also reckon if income outperforms expectations they will pay off debt first now before restoring the dividend. Personally as @marktime says they've exploited the April improvement well to at least put a floor under the share price but they've also been transparent about the dividend situation.

Im just watching with interest here no position (yet).

nickrl
26/4/2024
12:39
Except on the basis of what they put out which was awful and should have ducked the share price even deeper it has recovered 20%. Go figure.
marktime1231
26/4/2024
12:09
nickrl I know you have been following this closely.

I noticed that the late detail on trading gave figures as revenue recovering from £40/MW/yr to £70/MW/yr. When asked about dividend cover it was reported that Ben Guest said it needed £70/MW/yr to cover 7p ... but did he say revenue, operating income, net income or what? The difference is crucial. When I looked at this a couple of weeks ago the difference between revenue and distributable profit was about x 2.

As you say the communication, the lack of transparency, has been awful. It makes you not want to trust them. Is it possible GRID are now presenting figures which give the illusion of a return to par trading when in reality things are only half way there? It might explain why the dividend was pulled for the whole year.

marktime1231
25/4/2024
13:23
All a disappointing that GRID isn't up 10% yet today
cc2014
24/4/2024
10:21
Thanks Nickrl - the communications seems a bit of a shambles though - which is also why the share price is so volatile. After last week's vague update, the share price goes down by 10 percent on Thursday (at one point) before recovering a little. Now it's up 20 percent this week, based on the same information except this time they bothered to put it in an RNS. As you say, a monthly update is needed with full transparency on what's going on
dickiehh
24/4/2024
10:07
I heard that too Nick but I'm not sure it will wash with the major institutions. It certainly doesn't hold any sway with me.

I think what he said was something like the directors of Gresham House, Gresham House and Gresham House clients own 10% of GRID. What, like what have Gresham clients got to do with it?

Anyways I think Gresham House would be wise to throw us shareholders something. It's the right thing to do.

cc2014
24/4/2024
09:42
@CC2014 re above i did ask that very question last week but Rupert xxx MD of Gresham House told me "Ben and quite a few of us have skin in the game so are feeling the effects as well" but he did intimate that BoD always have it under consideration.
nickrl
24/4/2024
08:45
Nice. Now all they need to do is for Gresham House to cut their fee to the average of the share price and the NAV like they have already done on the property fund they are running which I can't quite remember the name of. (might be RESI?)
cc2014
24/4/2024
08:44
Encouraging update this morning? Presumably a direct read across to others in the business too.
cruelladeville
24/4/2024
08:03
Why didn't they provide this information in their update last week?
dickiehh
24/4/2024
07:56
Transparent update today. They must have been listening to you hpcg
cc2014
24/4/2024
07:55
The old replacement cost argument. Companies are valued on their future income versus enterprise value and replacement cost doesn't factor in that.

I'd argue that mid term, it's all about replacement cost since a function of supply demand. Currently oversupply but this will reverse if new investment decreases?

ghhghh
23/4/2024
23:09
The old replacement cost argument. Companies are valued on their future income versus enterprise value and replacement cost doesn't factor in that. What any buyer is banking on is an improvement in trading conditions. Weaker sterling might be a factor as it puts up hydrocarbon prices, but political pressure is more likely. That doesn't make a buying opportunity IMO, but it could ultimately turn out profitable. Having genuine trading information obfuscated doesn't help, and, as ever, if there were good news it would be told.
hpcg
23/4/2024
18:09
@specto its below replacement cost because insufficient money can be made from them. Stifel say they reckon a nett 40k/MW is income which is way below what GRID need to break even let alone payout a dividend.
nickrl
23/4/2024
12:14
Recovering nicely. Price moving up strongly and very few sellers coming out.
cc2014
23/4/2024
10:21
Thanks SpectoAcc.

The article confirms my view that the share price bears no resemblance to what is going on in the real world.

it's also interesting that the market has no interest in HEIT, but that's another story. HEIT is covered in red flags and for once a number of participants seem to have noticed.

cc2014
23/4/2024
10:04
Are the news regarding the ponzi scheme and the undeclared relationship with the CEO's secretary legit?

If so, that practically means that NAV falls to 11.69p

george stobart
23/4/2024
09:52
"Below replacement cost".
spectoacc
22/4/2024
16:37
Excellent. I'll have another 8.5% rise tomorrow please Mr. Market.
cc2014
22/4/2024
08:02
I wonder how the newer NEDs of SONG would deal with this situation?
newbold120
19/4/2024
19:57
@CDV they never uploaded the previous presentation when the divi was cut which is a shame. Best we pester them as i would like to have listened to the analysts ones as well.
nickrl
19/4/2024
17:37
Does anyone have a link to a recording of today's investor presentation please? Nothing on the GRID website or YouTube. Thanks.
cruelladeville
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older

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