Investment Trusts

Gresham House Energy Storage Fund PLC

GRID:LSE

Gresham House Energy Storage Fund PLC

  • Price (GBX)52.80
  • Today's Change-0.40 / -0.75%
  • Shares traded442.29k
  • 1 Year change-43.65%
  • Beta0.3988
Data delayed at least 20 minutes, as of Oct 04 2024 16:35 BST.
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Profile data is unavailable for this security.

About the company

Gresham House Energy Storage Fund plc is a United Kingdom-based closed-ended investment company. Through its subsidiaries, the Company's principal activity is to invest in special purpose vehicles (SPVs), which operate a diversified portfolio of operating utility-scale battery energy storage systems (BESS), which utilize batteries and may also utilize generators. The BESS projects comprising the investment portfolio are located in diverse locations across Great Britain. The Company seeks to provide shareholders with a sustainable dividend over the long term, alongside the prospect of capital growth. The Company’s projects portfolio includes Staunch, Rufford, Littlebrook, Lockleaze, Glassenbury, Roundponds, Wolves, Cleator, Red Scar, Bloxwich, Thurcroft, Wickham, Glassenbury Extension, Arbroath, Tynemouth and other. The Company is managed by Gresham House Asset Management Limited.

  • Revenue in GBP (TTM)-186.97m
  • Net income in GBP-196.69m
  • Incorporated2018
  • Employees0.00
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Profile

Management group(s)Gresham House Asset Management Ltd
AIC sectorRenewable Energy Infrastructure
ISINGB00BFX3K770
Launch date13 Nov 2018
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The company seeks to provide investors with 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 may also utilise generators, located in Great Britain, Northern Ireland, and the Republic of Ireland. In addition, the company seeks to provide investors with the prospect of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the investment policy of the company and the requirements of the IT Regulations.

Managed by

Bozkurt Aydinoglu, Ben Guest, Gareth Owen, Rupert Robinson, Charlie von Schmieder, Stephen Beck, James Bustin

Management & contract fees

An annual fee to be calculated as percentages of the NAV of the company (1% on the first GBP 250m of NAV, 0.9% on NAV in excess of GBP 250m and up to and including GBP 500m and 0.8% on NAV in excess of GBP 500m, exclusive of VAT).

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Real Estate Credit Investments Ltd31.36m21.86m281.81m0.00281.81m0.00
Henderson High Income Trust plc38.61m33.34m284.46m0.00284.46m0.00
Gore Street Energy Storage Fund PLC2.27m-5.66m287.91m0.00287.91m0.00
STS Global Income & Growth Trust PLC13.66m10.38m289.01m0.00289.01m0.00
Literacy Capital PLC29.26m20.88m290.04m0.00290.04m0.00
VH Global Sustainable Enrgy Opprtnts PLC25.91m19.13m295.48m0.00295.48m0.00
CQS New City High Yield Fund Ltd49.21m43.42m297.45m0.00297.45m0.00
Gresham House Energy Storage Fund PLC-186.97m-196.69m300.47m0.00300.47m0.00
Schroder Japan Trust PLC65.30m61.03m300.90m0.00300.90m0.00
European Assets Trust PLC30.34m24.76m302.46m0.00302.46m0.00
Jpmorgan Asia Growth & Income PLC-1.58m-5.83m306.42m0.00306.42m0.00
Brooks Macdonald Group plc128.26m6.46m308.11m485.00308.11m485.00
Third Point Investors Ltd88.41m70.90m314.51m0.00314.51m0.00
Castelnau Group Ltd105.36m93.31m316.37m4.00316.37m4.00
CT Private Equity Trust PLC24.80m7.62m317.47m0.00317.47m0.00
Baillie Gifford European Growth Trst PLC28.58m25.14m318.21m0.00318.21m0.00
Data as of Oct 04 2024. Currency figures normalised to Gresham House Energy Storage Fund PLC's reporting currency: UK Pound GBX

Institutional shareholders

50.03%Per cent of shares held by top holders
HolderShares% Held
BlackRock Investment Management (UK) Ltd.as of 31 Aug 202465.80m11.56%
Gresham House Asset Management Ltd. (Investment Management)as of 31 Dec 202228.93m5.08%
Sarasin & Partners LLPas of 09 Jul 202428.45m5.00%
Link Fund Solutions Ltd.as of 31 May 202426.21m4.61%
Border to Coast Pensions Partnership Ltd.as of 31 Dec 202226.08m4.58%
Schroder & Co. Ltd.as of 31 Dec 202225.39m4.46%
Close Asset Management Ltd.as of 31 Dec 202223.76m4.18%
Valu-Trac Investment Management Ltd.as of 28 Jun 202421.44m3.77%
J. M. Finn & Co. Ltd.as of 31 Dec 202219.59m3.44%
Newton Investment Management Ltd.as of 31 Dec 202219.06m3.35%
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Data from 31 May 2024 - 30 Aug 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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