Investment Trusts

Gresham House Energy Storage Fund PLC

GRID:LSE

Gresham House Energy Storage Fund PLC

  • Price (GBX)57.80
  • Today's Change-1.70 / -2.86%
  • Shares traded349.04k
  • 1 Year change-63.56%
  • Beta0.4503
Data delayed at least 20 minutes, as of May 17 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)-100.10m
  • Net income in GBP-110.11m
  • 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
Literacy Capital PLC56.33m48.20m310.50m0.00310.50m0.00
VH Global Sustainable Enrgy Opprtnts PLC61.84m55.34m312.32m0.00312.32m0.00
Jpmorgan Asia Growth & Income PLC24.81m20.82m312.82m0.00312.82m0.00
Nippon Active Value Fund PLC53.13m47.56m321.54m0.00321.54m0.00
European Assets Trust PLC40.06m34.89m321.90m0.00321.90m0.00
Gore Street Energy Storage Fund PLC54.51m44.59m326.80m0.00326.80m0.00
Biotech Growth Trust PLC-87.00m-92.03m328.05m0.00328.05m0.00
Henderson International Income Trust PLC18.14m12.76m328.26m0.00328.26m0.00
Gresham House Energy Storage Fund PLC-100.10m-110.11m328.92m0.00328.92m0.00
Scottish Oriental Smaller Co's Trust PLC53.44m40.62m329.55m0.00329.55m0.00
CT Private Equity Trust PLC29.48m13.78m330.78m0.00330.78m0.00
Invesco Bond Income Plus Ltd36.48m31.82m331.49m0.00331.49m0.00
Baillie Gifford Shin Nippon PLC-75.99m-81.91m335.04m0.00335.04m0.00
CT UK Capital and Income Invst Trust PLC41.80m38.32m341.84m0.00341.84m0.00
Henderson Eurotrust PLC31.38m27.02m343.21m0.00343.21m0.00
abrdn Asian Income Fund Limited16.30m8.74m348.69m0.00348.69m0.00
Data as of May 17 2024. Currency figures normalised to Gresham House Energy Storage Fund PLC's reporting currency: UK Pound GBX

Institutional shareholders

46.95%Per cent of shares held by top holders
HolderShares% Held
BlackRock Investment Management (UK) Ltd.as of 31 Mar 202455.28m9.68%
Sarasin & Partners LLPas of 31 Dec 202232.99m5.78%
Gresham House Asset Management Ltd. (Investment Management)as of 31 Dec 202228.93m5.07%
Border to Coast Pensions Partnership Ltd.as of 31 Dec 202226.08m4.57%
Schroder & Co. Ltd.as of 31 Dec 202225.39m4.45%
Close Asset Management Ltd.as of 31 Dec 202223.76m4.16%
Valu-Trac Investment Management Ltd.as of 29 Feb 202422.19m3.89%
J. M. Finn & Co. Ltd.as of 31 Dec 202219.59m3.43%
Newton Investment Management Ltd.as of 31 Dec 202219.06m3.34%
Aviva Investors Global Services Ltd.as of 29 Feb 202414.76m2.59%
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Data from 31 Dec 2023 - 30 Apr 2024Source: FactSet Research Systems Inc.
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