Gresham House Energy Sto... Share Discussion Threads

[1tommyt] 12/1/2021 09:15

Thanks,But in the RNS they don't state value. Surely they should be ?

[jonwig] 12/1/2021 09:00

It's an exercise I haven't done (but should have!). The list of deals is here:



Life exp - 8 to 9 years I believe, average. But it degrades rather than stops.

[1tommyt] 12/1/2021 07:52

Just started looking into this one. Could anyone help please, Do you know what they paid for the recent 35MW? What typically value per MW do they buy? What's the depreciation on the BESS, or life expectancy? Thank you, will provide my feedback once I did my homework.

[jonwig] 11/1/2021 11:41

A technology to keep a watch on: vanadium redox flow battery. There are some start-ups (US, Germany) but nothing quoted, I think. Bushveld (BMN) mines the stuff.

An established investor such as GRID could easily commission and run a plant if it say a decent return.

[adamb1978] 28/12/2020 19:28

This is why funds have independent NEDs. Should ensure that deals are done on an arms-length basis

[kramch] 28/12/2020 10:29

Agreed, are these developments independently valued before transfer to GRID and on what basis?
K.

[samwn1] 27/12/2020 11:31

How are the benefits shared when Gresham House Energy Storage buys a project from Gresham House Development? They seem to be the main supplier of projects. Seems too cosy for me.

[igoe104] 24/12/2020 08:00

Another acquisition, from grid.

[igoe104] 27/11/2020 13:52

This is a lovely company to have in your portfolio, good dividends every 13 weeks. And they operating in a big growth sector.

[adamb1978] 25/11/2020 20:03

Applied for 14k and got the lot!

[jonwig] 25/11/2020 17:55

Looks like I got all (but only a small subs).

[speedsgh] 25/11/2020 17:24

Received just over 98% of application. Happy with that.

[jonwig] 25/11/2020 07:13

... successfully raised gross proceeds of GBP120 million through the issue of 114,285,714 ordinary shares of 1 pence each in the capital of the Company at an Issue Price of 105 pence per New Ordinary Share.

Due to the level of demand, a scaling back exercise has been undertaken with respect to applications received pursuant to the Initial Placing and the Initial Offer for Subscription.

[jonwig] 23/11/2020 07:35

Li-ion storage. Limitations and alternatives -

[adamb1978] 16/11/2020 10:43

Thanks for posting that interview Astonedt

[hiddendepths] 15/11/2020 22:12

I imagine they won't cut back the minimum subscription so going for that on two of my accounts. Trying for more on the third but will doubtless get fewer than I want!

[speedsgh] 10/11/2020 16:33

Link to prospectus -

Minimum subscription amount is £1,000

[jonwig] 10/11/2020 07:54

Here's the fundraising:



No mention of which intermediaries are taking part in the offer for subs.

[jonwig] 31/10/2020 10:35

Agree with your choice, but UKW, TRIG and GRID aren't REITs. (Vital with REITs to hold them in an ISA or SIPP, as you'll know.)

[igoe104] 31/10/2020 10:26

In uncertain times, it's great to hold some of these REITs. I hold six of them. WHR, Grid, UKW, Shed, trig ,BBox. Good yields and less volatile than 95% of other general shares. Also considering adding one of those clean energy funds to the collection when I have available funds...

[jonwig] 27/10/2020 16:11

In the factsheet today there's a map which mis-labels projects p, q and r. I've informed them.

Not material, but I'm often surprised at the frequency with which companies need to issue RNS corrections. One day there might be a price-sensitive error - I hope I'm not on the receiving end!

[pavey ark] 27/10/2020 12:14

I do like the company (the idea) and very much like the management.

I bought in at the start c. 102p and they have done what they said they would.

They will make an excess from cost of raising capital and I expect the dividend to rise further.

[jonwig] 27/10/2020 07:32

Three announcements this morning.

I'd overlooked the size of their discount rate, just been dropped from 11.1% to 10.75%.
A fair bit steeper than standard renewables/infrastructure businesses.

And they're on a big fundraising splash (doubling size), as much as possible non-pre-emptive. Can hardly blame them with a share price of 111p and nav of 101p.

[jonwig] 14/10/2020 08:44

"Wealth Club" were offering GRID bonds a few months ago but maybe not the same series.
Minimum was £105,000.