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Nice update the other day, very marked upswing in revenue/MW. Looks as if NatGrid have sorted out a revenue mechanism to maintain investment in Battery storage. Hopefully an update on dividend policy and maybe a small div soon. GLA
Search "GRID CONSTRAINTS CURTAILMENT energylivenews"
- Article to be read in conjunction with thee guys' ERs (and GRID+GSF et al) pubd 2024-apr-08
Search HEIT.L IR site and investormeet - very relevant discussion wrt recent SP dip.
QD comment on results...
https://quoteddata.com/2024/02/harmony-energy-income-huge-leaps-portfolio/?amp=1
I've opened a position here. At this SP the potential yield looks very attractive but clearly issues in the background. ORIT has been very good for me over the last few years so I'm keen on the renewable space. ATB.
Took the initiative on that increased Vol and added a small amount the other day to the devastated holding I have. Time will tell.
Totally leaky - look at the share price action yesterday leading up to this morning's RNS.
Naughty, naughty insiders!
Looks a Leaky share by the pre Rns Vol. LaL :-))
Probably a pump and dump, share raise? I doubt the summit has anything to do with as GSF had representatives there but that's down for the day so far.
Unless this is the insiders knowing something the rest of us don't.
There’s some commentary on the citywire site
https://moneyforums.citywire.com/yaf_postst17597_HEIT-and-other-BESS.aspx
20-21 Feb is the energy storage summit in London
Anyone have info on this as this probably kicked this share vol up.
Someone’s knows something...going up..large vol.
"Anyone would think this is going to go bust."
Does anyone know the details of the loan covenants and the impact of any breaches if the required sales cannot be achieved?
I sold last year when it fell to 115 from its peak 126. Now it has dropped to only 33.65! Oh my, this is terrible!😱😱😱
And the selling continues.
Anyone would think this is going to go bust.
Sitting on hands waiting for a updated NAV and further commentary.
Not too bad with the update, at least HEIT is less exposed to ancillary services so less impacted that GRID, shame about the dividend cut though, I was hoping they wouldn't.
Gresham House Energy Storage Fund (LON:GRID) and Harmony Energy Income Trust (LON:HEIT) I don't hold and know little about either but noticed the piece from Adam Bell on X yesterday with regards to OFGEM possibly invalidating the above's business model somewhat.
https://x.com/Adam_Grant_Bell/...
Come on chaos another 25% down today.. 55% down in 6 months...Screams an RNS.
This is caused by GRID's trading update.
They said: Given the recent difficult revenue environment, the Board has decided not to declare a dividend for Q4 2023.
So, it has seriously damaged the sector. GSF has also fallen to its all time low again, not just HEIT.
Big boys in the know before PIs. Unless you are in the loop. Sold down.
These ITs are now very fishy in how they were marketed managed reported and now? Not happy at all.
The way the UK market is going think I’ll stop investing in it. Lost far too much money. Rgl Slfr Home Dgi9 Epic...the list goes on.
Too much to cover in a post here.
Have a look at the Grid Rns of today, it covers a lot of ground.
Expecting an Rns from Heit to detail their projects, cash flow and merchant arrangements etc.
This site covers part for those interested ....https://www.bessanalytics.com/
Bess analytics dot com
Some big drops in the SP. What news is affecting this?
had a skeg at the latest update things looked positive ish
Share drop now questionable re the ongoing validity of this trust?
Schroders selling at a loss by the look of the Rns timing and chart lows.
Grid getting a real hammering today.
Statement from company perhaps as to why Bess assets getting such a hammering?