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To provide an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility scale operational energy storage systems, which utilise batteries and generators, located in Great Britain.
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Is the Drop due to the green windfall tax and possible new power grid pricing structure?
So do AJ Bell you just have to tick a box saying you understand the risks.
No idea but Hargreaves Lansdown allow all deals so suggest you go with them
Getting cheap now
Thanks, good info. Seems it's also tradable through H.L.
It's the same with Halifax/Lloyds/Iweb. It's usually to do with the wording of the KIID, and how the individual broker reads it. I.web infuriated me so many times by letting me buy into a company, and then went I went to add, they would no longer allow me to buy.
If you open an account with Jarvis/XO they will let you take a simple online test to prove you know what you are taking about. Then you are able to deal in whatever you want, and at £5.95 a trade. Best thing I ever did was opening an account there. I still have my old ISA's with Iweb, but anything new now goes to Jarvis/XO.
I phoned Barclays to find out why and was told this fund was for professional investors only, meaning they can't list it on a retail platform.
Would anyone know why such a classification applies to GRID, but apparently not to other green infrastructure Trusts such as TRIG?
Interim Results Date
https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/#shareholder-information
Getting a bit concerned here. The next GRID dividend should have been declared sometime ago now? Any cause for concern?
On the issue of the dividend, there was a short sentence in the 2022 AGM agenda relating to dividends. It was stated that:
"It should be noted that the dividend policy (and the Company's target dividend) is not a profit
forecast. Payment of dividends will depend on market conditions, the Company’s net income and
the Company’s ongoing charges ratio. Dividends will only be paid to the extent permitted in
accordance with the Companies Act"
Not sure exactly what this means, but it does not seem to be a guaranteed dividend?
Dividend should have been announced a month ago. Not sure what's going on here, but delighted with the continued price rise.
I presume anything can be taken over, if the price is right. Anyway surely a dividend announcement is due now?
We all know that Bp and Shell are looking into Battery Storage with there huge profits and with Grid being the largest one in the UK with a steady progressive pipeline all ready this would be a good opportunity for the big boys to invest. Can an Investment Trust be taken over or do they just buy as many shares that are available to eventually have a majority holding?
Performance over the past year has been terrific. However, it looks like we are now going to see a period of significant investment funded by share issuance. Whilst I have no doubt this will bear fruit longer term, the large issuance, and delay in getting this in the ground and income generating may well put a ceiling on the shares. Having made 30% since I invested a year ago, I'm out for the time being, and hope to get back in around the 140 level.
"In addition, in order to assist in financing pipeline opportunities alongside the Company's existing debt facility and accordion facility, the Board is also seeking Shareholder authority to disapply pre-emption rights over 400,000,000 new Ordinary Shares or new C Shares, in aggregate (the "New Shares")."
Short version: "Shareholders in a company will often benefit from ‘pre-emption rights’. These give existing shareholders first refusal when a company is issuing new shares."
Explained further here:
https://www.informdirect.co.uk/shares/what-are-shareholder-pre-emption-rights/#:~:text=%20Private%20and%20public%20companies%20can%20instead%20disapply,The%20directors%E2%80%99%20justification%20of%20that%20amount.%20More%20
Just a "small" re-rate to expected NAV . Having cucked a chunk in last September this is the stand out performer of my safe stuff.
Growth and DIVIs _ holy grail Investment trust
Dividend declared 15 Nov
https://www.londonstockexchange.com/news-article/GRID/dividend-declaration/15211404
Bought my holding vis Interactive Investor
Update - with Jarvis-XO you have to take a test to show you are competent, then they will let you invest.
With I-web, Halifax and Lloyds, you can't invest at all.
I met the people who run this fund when doing some work in the industry earlier this year - They have a sound understanding of the industry - I'm a novice investor but this is a serious org doing serious work and in an area that is only set to grow exponentially in the future.
In addition to what I said below, this is now also a banned investment with Jarvis XO. Tried to add today, but they said no.
I'm no expert (as I am often told). No idea why they aren't many posts, but I see that has a good thing, because most people can only be bothered to post to big themselves up, deramp or ramp. Which then causes arguments.
The amount of small investors may be a bit limited because some brokers won't allow investment here yet, ie the dinosaurs of Lloyds/Halifax and I-web. I had to go to Jarvis X-O to invest.
As a fairly new company the dividends have only just started to get into a routine. The September dividend last year was late in the sequence and followed by another declared in October.
2020 dividends have been ex-dividend of 4 March, 13 May, 8 July, so the next one will be sometime October, maybe even early November. Hopefully they will normalise to February, May, August and November next year. Companies like this often adjust the dividend dates to coincide with fundraisers. Some to avoid paying dividends to new investors, others to make the subscription more attractive to new investors.
I think we have to trust that the company know what they are doing.
Hi all, help please
Considering investing here but don’t understand
1) why no posts on this fund when price is currently standing at its highest this year
2) why no dividend is due to be paid September when historically it has been? + sorry if I misread the recent RNS, which states dividend affirmed
3) a couple of negative posts below from February, did those materialise or have they gone away?
Thankyou all!
I remember looking into this a few months back. As far as I recall, GRID show which companies they contract, but not specific model types. Past presentations have not specified.
Equally, I don't think it would make a significant difference to GRID. If interested in VFRBs, suggest looking at either a manufacturer (like Invinity) or electrolyte provider (like BMN). Their SPs would be more prone to growth should vfrbs take off, whereas grid will probably max out around 130 regardless of what tech is used
Anybody know if any of the current projects or projects in the pipeline are vrfb's? Couldn't find much information on the type of systems used. Thanks in advance
GRID looking to raise 257.25 million. That's more than current MC!
It's great to see a pipeline of 485MWs. Without doubt, battery storage is a growing sector and covid has only shown the urgent need to expedite that growth. GRID has a positive future for sure.
Personally, I've already got enough here so doubt that I'll be participating. Do hope that they manage to bring on more IIs (as they say in the notifications). A little worried that they fall short in this round of funding need to having another one later within the next 12 months. That'll keep a lid on SP if they do that... guess it is the way of these plays though. Still, great divi, and financing will guarantee it moving forward