Member Info for rejucht

You were right. It was clearly panic and heavily oversold. Wish ow I'd bought more and averaged down but lacked the courage. It is unclear how much buy backs actually happened but far less of cost than the dividend earmarked for distribution.

My read of this Edison note is one of cautious optimism and makes me more confident to average down at these prices as the downside now would appear to be fairly limited. That said all my readings about this company were positive but I'm still nursing huge losses over 3 months of holding GRID.

Just noticed RNS today stating company has bought 133.9k shares at av 50.1p. Obviously a small number as only £70 k but can one infer that the BOD and Jefferies think the shares are good value at this price and may provide a floor to risk of major further downside? This buyback encourages me to dip a toe in the market at under 50p SP. Any other under water investors in GRID see it the same way as I do?

Tempting to buy small lots to average down but the dealing costs become significant for those of us subject to

flat rate fees. The share buy back could be a stop on the downside if the market guesses at what level it kicks in. I believe a company eventually publish the price they paid to buyback.

The SP has bounced off the 48p low to close north of 50p. I'm still nursing a 60% loss in 6 weeks. I'm wondering is this a dead cat bounce or is GRID buying back shares into Treasury below 50p. If it's the latter will they give any indications of share buy backs and is anyone else considering averaging down. Unless the company goes bust the chance of profits and SP recovery in the next 18m must be good?

I mean GSF sorry for typo

GFS is geographically diversified to non UK markets were BESS is more in use and better paid. GRID is only UK and has only one USA project and I wonder if this is still viable if the company survival is in jeopardy.

I hope your optimistic view is right. Last and only time I took such unexpected losses over only a month I averaged down only to see the company go into liquidation and lose my entire investment. The long term solvency of GRID must be in question now for some.

I've lost 60% of my investments in a month so very painful. The persistent unabated selling suggests some people knew the situation was far worse than the information in the public domain suggested. How they reached that conclusion is an open question.

Inevitably twist. But when was this decision taken and who was aware of it?

The last time I had a share drop 50% in a month on me like GRID it filed for bankruptcy a month later and we shareholder got nothing. The GRID BOD should issue a statement with a profits warning, announce a dividend suspension but issue an.assurance the company is trading as solvent.

Can you provide an email address as I would do the same. Let's publish the response here to share it. This kind of destruction of value is highly concerning.

The collapse in the share price with no comment or explanation by the BOD is frankly unacceptable.

Hope you're right or something is seriously wrong and threaten GRID business model and some people know this and are unloading shares at any price. If the nav is as stated this kind if discount would suggest alarm bells. I've invested recently as all the information in the public domain was positive that I could read. Why isn't the company making a statement about the recent sudden collapse in the share price?

I agree I bought before Christmas as the GRID sp looked stable with solid support from NAV and dividend. I had read somewhere the dividend was not covered but only by a tad. Clearly way off analysis as the Jefferies note I saw today on another chat reported it was very uncovered. The free fall since I bought (I'm down 25%) to all time lows surely warrants a comment by management at least to know where we are. One otherwise must conclude something is badly wrong but not yet known publicly.

The Jefferies note reportedly suggests very low dividend cover. Could this be cause of drastic drop? Surely BOD should say something?

I made the same mistake as the GRID story seemed a very convincing renewable friendly one and the share carried a good dividend albeit uncovered. The share has been on daily free fall since my ill timed entry and what is disappointing is no announcement by BOD to explain this drop to now all time lows. Am also tempted to average down as it is seemingly at a huge 40% discount to NAV but without assurance from the company it is solvent best to stay out I think.

JTS13. I agree I've only recently invested having read an optomistic Annual Report to see a 15% drop in SP. The dividend is uncovered so maybe we will shortly see a cut aa earnings have not recovered for BESS as anticipated and with the fall in gas prices it is cheaper to switch on gas fired power stations for 6 hours than short balances coning from GRID batteries. I am debating whether to average down but will stay out till I understand better why this rapid fall in SP over recent weeks.

Can you add me to Telegram group. My user name Rejucht

Looked to possibly open a Tallymoney gold backed account but the company website states they are not opening new bank accounts at present but there is a wait list. Does anyone know if this is good news ie too many new applications and no gold storage available to meet demand or if the company is not able to function properly through staff losses and so impending financial disaster disaster. I am a long term Lionsgold Shareholder and no idea if my shares will ever relist but had written off the investment but the debit bullion linked card launch and Deccan gave me some hope might get some of my money back as CP finally seems to be delivering.