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 Shares Traded Last Trade
  0.00 0.0% 119.50 258,129 13:38:00
Bid Price Offer Price High Price Low Price Open Price
119.00 120.00 119.50 119.00 119.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.30 9.97 4.15 28.8 417
Last Trade Time Trade Type Trade Size Trade Price Currency
16:39:16 O 20,000 120.00 GBX

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Date Time Title Posts
30/4/202123:07GRID scaling up1
27/1/200321:58GRIDIRON - The greatest game on earth!24

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Gresham House Energy Sto... (GRID) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-21 15:39:17120.0020,00024,000.00O
2021-06-21 15:28:56120.002,4832,979.60O
2021-06-21 15:17:57119.991,3581,629.46O
2021-06-21 15:16:58120.0016,50019,800.00O
2021-06-21 14:41:16120.0014,62617,551.20O
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Gresham House Energy Sto... (GRID) Top Chat Posts

Gresham House Energy Sto... Daily Update: Gresham House Energy Storage Fund Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GRID. The last closing price for Gresham House Energy Sto... was 119.50p.
Gresham House Energy Storage Fund Plc has a 4 week average price of 118.75p and a 12 week average price of 114p.
The 1 year high share price is 120.75p while the 1 year low share price is currently 107.50p.
There are currently 348,556,364 shares in issue and the average daily traded volume is 272,869 shares. The market capitalisation of Gresham House Energy Storage Fund Plc is £416,524,854.98.
marktime1231: Very happy with GRID nuzzling 120p today a new high. It would be reaassuring if they published a regular update on NAV progress (and income generation maybe), quarterly reporting for a fund this size and activity leaves us guessing. How do you work things out in the meantime? Not bother, just trust the consensus that this will steadily enhance in value and cashflow as they execute the stated plan?
marktime1231: Ooops, couldn't find a thread on GRID so I just started a new one by accident. It is green!!! Sorry folks.
marktime1231: Very impressed with the 2020 and Q1 2021 reports this week. Only been running a couple of years but GRID has now built capacity to 425MW and with cash in the bank to cover planned expansion to 700MW by this time next year, so far concentrating on assets which are operational and so low risk. 7p per share dividends were only 0.78x covered by income in 2020, but that overlooks the rapid expansion and new higher rate revenue streams available. It says the revenue runrate in Q1 2021 was sufficient to cover a maintained 7p dividend 1.3x, even before deploying the cash available to bring online another 275MW. That must mean there are prospects for a progressive dividend. NAV steadily growing and a rising share price which at 117p carries a 9% premium to NAV at 107p. In future it says it now has the economic muscle to continue exploiting a 2022 onwards pipeline c. 500MW by debt fundraising rather than issuing new shares, and by investing in projects at an earlier stage it will see NAV enhancement with each new investment. A little bit more risk but not much more, and it says prices per MW to invest are coming down with scale. The demand for energy storage to support a UK renewable energy capacity of 30-50MW will be around 20GW including longer duration, and yet so far we have battery storage of only around 1GW and all short duration. GRID is the leader in the market and intends to stay out front. As an alternative to oil and gas stocks GRID seems an ideal income provider with low risk far horizon appreciating value and high yield. It is still early days of course, but it has already proven that it can easily cover an attractive dividend. There are other options in this space, but I like this one.
marktime1231: The Gresham House Energy Storage Fund (GRID) is an income trust paying a high yield from the ownership of battery energy storage assets providing capacity management and frequency balancing services to National Grid. Increasingly vital as we develop intermittent renewable energy supply, to help cope with peak demand periods and to cover when the wind doesn't blow and the sun doesn't shine.
speedsgh: Quarterly NAV, Dividend and Factsheet publication - HTTPS:// Q1 2021 NAV Gresham House Energy Storage Fund Plc (LSE: GRID) (the "Fund") announces its NAV as at 31 March 2021 was £371.8m or 106.66p per ordinary share. Dividend Declaration The Board is pleased to announce a dividend of 1.75p per Ordinary Share for the period from 1 January 2021 to 31 March 2021. The dividend will be paid on 4 June 2021 to Shareholders on the register as at the close of business on 14 May 2021. The ex-dividend date is 13 May 2021. OTHER EXCERPTS "There was a 4.36p uplift from the revaluation of projects recently acquired (previously held at cost) while income in excess of dividend distributions in the quarter accounted for a 0.72p benefit. Partially offsetting this by 1.22p were a more cautious set of assumptions which included taking into account the impact of the corporation tax rate rising to 25% from 2023, as announced in the recent Budget." "Dividend coverage in Q1 2021 was c.1.3x despite a significant cash balance and, as such, the Fund remains committed to its dividend policy of 7.0p per share paid in equal quarterly instalments." "Finally, the Fund is exploring a debt facility which is expected to drive down its cost of capital which, in turn, is expected to be significantly accretive to GRID's overall return on capital, once any debt facility is fully deployed. The Fund will provide a further update in due course." "The Investment Manager is also preparing to commence construction, subject to final due diligence, on a further 275MW across five projects (one is 100MW, two are 50MW and the other two are 40MW and 35MW respectively). The construction of these projects will fully commit all the funds raised in the November 2020 equity issue. The Fund has a significant additional exclusive pipeline of 527MW across eight projects which will be built subject further debt and/or equity fundraising."
rambutan2: Worth noting that GRID use a discount rate of 10.75% across the port, whereas GSF use 6% for those up and running and 10% for the rest. So quite a difference. Also GSF has a performance fee, GRID doesn't.
webby: I bought Grid on II without calling. Think there was an online form to do.
gateside: Looking at GRID & GSF and trying to work out which is the better investment. Tempted by GRID, prefer companies with a larger Market Cap. Also their website seems more informative and transparent so researching the company is easier. Probably not much to choose between the two.
jonwig: I think GRID is UK-centred, GSF has assets in Ireland. GRID is over twice the size. Strangely, the accounts are quite different and I haven't really got to grips with them. GSF's nav is below its IPO level, GRID's a bit higher, but then that might not be a valid comparison if they're worked out differently.
rambutan2: 19 February 2021 GRESHAM HOUSE ENERGY STORAGE FUND PLC ("GRID" or the "Company") Declaration of Dividend Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to announce a dividend of 1.75p per Ordinary Share for the period from 1 October to 31 December 2020. The dividend will be paid on 26 March 2021 to Shareholders on the register as at the close of business on 5 March 2021. The ex-dividend date is 4 March 2021. Any such dividend payment to Shareholders may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts. Of this dividend declared of 1.75 pence per Ordinary Share, 0.23 pence is declared as dividend income with 1.52 pence treated as qualifying interest income. This dividend completes the 7.0p per share dividend target for 2020 and the Board is pleased to confirm its commitment to delivering a 7.0p per share dividend for 2021.
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