Member Info for JTS13

Ticking over is better than being missed out entirely. As indicators are that the balancing mechanism won't be fully efficient for another year plus, guaranteeing revenues at above recent rates ( acknowledging those are depressed) whilst providing potential upturn for the other half AND the pending new supply is favourable. At the minimum, it avoids any development delays. Ideally, it'd enable return of the dividend, though I'm not holding my breathe on that

Same, only recently returned to even (at a price that I thought was a bargain at the time!). Copper is v strong and only going to rise. Dont believe anybody looking at a monthly chart can objectively conclude otherwise. Caml significantly underperformed to date. Will be disappointed if this doesn't rise to £2.8 over next 6 months

Today's announcement does explain the spike the other day though. Clearly insiders, or IIs with access to pricing data somewhere

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

Thanks

Really poor how they got into this state in the first place. Still, think we should see that this the next 3-4 months

Out of curiosity, what roughly is our BE price of BTC post halving forecasted to be?

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"...?

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

Right, this is priced as if their going to significantly cut balance sheet + NAV, postpone pipeline and then maybe even sell off some assets... doesn't seem reasonable at all

If GRID is buying almost 50 grand worth of shares a day atm, where's all this selling pressure coming from?

Posted 18th Mar on Energy Storage News

"Battery storage market intelligence firm Modo Energy has released data confirming a 47% increase in weekly battery energy storage system (BESS) dispatched volume on the grid in Great Britain (GB) compared to eight weeks prior.

In January 2024, the electricity system operator National Grid ESO relaunched bulk dispatch for battery energy storage units in the Balancing Mechanism (BM) following its closure in December 2023 due to technical issues."

Presumably GRID has benefited too in this. Still a long way to go. Can't see reason for the continued sell off at all time lows

Mind boggling isn't it

Energy-storage.news does have some useful updates, specifically regarding BESS. Worth keeping at eye out there

The drop is surprising though. Could be due to end of year accounting for some who've punching in losses to balance profits elsewhere? Just seems mad to sell at these levels otherwise.

I topped up in the 50's pre-recent push with pension and kids accounts. Wouldn't put anything in here with sub-18 month window

House of Lords has posted a report entitled: "Long duration energy storage: get on with it".

Published on Wednesday, it formally criticises the government and demand immediate and strategic actions on BESS infrastructure in the UK.

Hopefully something comes of it.

Otherwise, looks like we are being shorted again!

Been a few weeks since update and last share buyback announcement. Aren't we due more? Presumably its a matter of timing their buys

Very good read, thanks for posting.

@oldman, a few key points:

- Several restrictions due to be removed in March. Early indicators suggest could treble volume.

- Another important upgrade appears to be regarding systems integration for understanding supply. My take is that ESO systems currently don't gather sufficient data to justify BESS, but that the system will be changed to increase data feed, which in turn will result in more BESS being used.

- ESO taking BESS v seriously, largely on response of "strong industry pressure". Again, v good for us.

Overall, reads like v positive developments. However, it is the "time will tell" story here. Could be towards late 2024 once market may be considered to be nearer a normalised status

Likely no more buy backs for this next week or so. Forget the term, but was something like a restriction on buying 6% over average bid during the preceeding 5 trading days... so, given the jump today, cool off period required before more buy backs can resume.

Still, it is nice to have some green candles on the charts.

Re: average down, this remains highly discounted. Obviously the biz isn't out of the woods yet, and the sector still has big problems. But potential upside here over the next 18 months or so remains extremely attractive. I'm going to DCA up with my monthly SIPP contributions anywhere under 80p

PS: nice to finally have a green candle. But that said, given ~250k in buyback + Director buys within the past few days, the fact it hasn't risen more suggests that either there were loads of shares needing picked up, or there remains quite a bit of selling pressure. Actually quite possible this only continued to have dropped if the buyback wasn't announced

Lots of good points and practical examples on complications + delays.

Back to GRID I was a bit disappointed about US delays. Understand the need for financial prudence, equally have read on other BESS projects that other markets can generate 2-3x the revenues in UK due to all the issues we got here (part of the reason why GRID is at more of a discount than others).

@Rylidan, selfishly, I hope that the buybacks have effect in rising the price, not just stabilising it for you to buy more lol. Equally, trust you can get in at a good rate. In long term, anything under a pound is likely good value tbh