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I think GSF has to do the same as GRID. Must postpone the dividend, which is not sustainable. GRID has rebound 50% from 38p to now now 57p since the announcement.
Pricing data is publicly available to anyone through a platform called modo. Taking 15 days of slightly improved revenues is a dangerous game. The improved revenue is no indication of future performance.
Today's announcement does explain the spike the other day though. Clearly insiders, or IIs with access to pricing data somewhere
I can't imagine we'll see a div for a year, guess they've a lot of capx to get done, hopefully the revenues will continue to increase
A cheerful RNS but no mention of how much better the situation needs to be for the dividend to be reinstated.
Thanks JTS, interesting, volumes picking up, on ig it looked like the spike reached 60p but surely that's not possible, well holders will be relieved with increase past few days
Do you think the nav accurately reflects the current battery values? I am also unconvinced that income will grow as forecast?
Huge spike this morning, so must have been a buy, or a short exiting.
Re: Nav, can't remember wording, but it was clear that NAV discount calculations didn't reflect current conditions
Wonder if they were buys? Bought a little more of this, this morning... As people say, not investing advice, but the discount to nav, and with the decent management business behind them, this could recover very significantly from this point in the next 2 years
Johnson did what he does best - Tell lies. It's not as if there were not clues before 2019. It is what it is - But what is happening to the UK energy market out of the EU is a travesty.
We have Badenoch celebrating UK has a gas hub with record imports of non EU gas and exports of non EU gas to the EU in 2022 at record high prices boosting trade figures and calling it Brexit success.
Some Brexiters might be dumb enough to buy the lie, but the rest of the world is not so stupid - and neither am I.
Not forgetting circus master, Boris...
"Annoying how our pension funds go to the States" Why? Pension funds have a duty to pension contributors - like Utilities have a duty to shareholders in buying foreign assets to boost earnings. The Tory government is desperate for people to buy in and support UK stock markets - but the rest of the world is looking at Brexit Britain and saying no chance right now.
Why would pension funds be any different? Blame Farage, Rees-Mogg, Odey and thge rest of the Brexit crowd for lying through their teeth about Brexit and then going short UK.
Anyone found any info on shorts here?
Buybacks have done absolutely nothing the past week or so, with SP only continuing to drop. Must have a big shorter here, but haven't seen any data to verify
That makes more sense
Yes. BESS should be backed by Gov strategy, and the new UK pension scheme should also view GRID and such options as attractive UK funds/shares. Annoying how our pension funds go to the States
"Thought u said "out as of now"...?"
Errr .... is this afternoon the same as this morning? I have zero shares now ... seriously a shame .. I like the business idea ... and annoys me that these problems are down to UK government dithering.
But money is money ... I don't like holding shares without a return.
Thought u said "out as of now"...?
This looks seriously rocky over the next 6 months. However, they've made a confident decision to pursue the planned growth (could easily have maintained divi or buybacks and postponed some projects).
Grid was traditionally a stable hold for the divi for me. Has always been one for the long term. Will monitor over the coming 3 months, but quite likely I'll be adding. Don't need the cash for 2 years at least
Sell first ask questions later ... I bought a few more this morning on the back of HEIT but with no dividend in this market ... I'll take a small loss now rather than a bigger loss later ... and buy back on good news if/when it happens.
To the tone of the HEIT update this morning. Both companies operate in exactly the same arena and HEIT reckon revenue for Apr to date is 58% higher than it was in January
As close to a profit warning as one can be .. only a few in here .. out as of now.
Thanks Mkx cheers for that, I'm confident the div will be reinstated, their revenue really going to increase this year as additional sites go operational, not to mention other possible drivers of improvement in regulatory environment
About right for a 1 hour. There are many variables, and you get economies of scale too so 5 mw will cost more than a 50 mw on a £/mw basis. 2hrs is close to £750k/mw but both are coming down with prices of battery cells dropping quickly
Thanks mks, say 1 hour? Not found anything usable yet, saw some random note of 500k per mw but I thought that a bit low....
Would depend on the duration...
Hi, I was wondering what would say a 5mw unit cost to build? Thank you
They are not short of cash judging by the daily buy backs.
They need to forget about dividends continue buy backs and reduce debt. Possibly a sale if they can get a decent price.