Investment Trusts

Gresham House Energy Storage Fund PLC

GRID:LSE

Gresham House Energy Storage Fund PLC

Actions
  • Price (GBX)48.00
  • Today's Change0.00 / 0.00%
  • Shares traded317.82k
  • 1 Year change-50.82%
  • Beta0.4139
Data delayed at least 20 minutes, as of Nov 13 2024 16:35 GMT.
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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

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
B.P. Marsh & Partners plc66.35m53.60m260.46m16.004.991.034.843.931.411.411.746.800.2799--9.254,146,813.0022.6113.0422.7213.17----80.7878.17----0.0026.0258.0922.2478.3727.87-8.252.40
Blackstone Loan Financing Ltd86.44m85.24m261.24m0.003.310.9513--3.020.22640.22640.22940.78840.3229------31.847.6331.897.6498.7597.0398.6195.17----0.0073119.89186.18--182.05-----2.09
International Biotechnology Trust Plc44.54m38.88m266.08m0.007.170.9448--5.971.011.011.177.660.1453--27.99--12.686.7114.077.3490.1287.1187.2981.81----0.074853.73269.31--470.62-----11.29
Tufton Assets Ltd63.19m59.67m266.56m0.004.510.7533--4.220.27840.27840.29471.670.186--10.66--17.5614.7417.6114.8295.4494.4294.4393.20----0.0043.594,229.6635.283,175.4835.88--6.50
Literacy Capital PLC29.26m20.88m270.19m0.0012.990.8561--9.240.34570.34570.48525.240.0913--91.78--6.52--6.64--90.24--71.36----18.580.0246--------------
Montanaro European Smllr Cmpns Trst PLC18.37m14.63m270.88m0.0018.520.8662--14.750.07720.07720.0971.650.0577--20.82--4.598.054.718.2185.4490.1079.6486.27----0.0298.07194.29-3.86163.12-5.86--4.56
Liontrust Asset Management PLC197.89m-3.49m271.43m240.00--1.5925.661.37-0.0547-0.05473.102.640.4248--0.8719824,537.50-0.74936.70-1.6215.9994.0294.11-1.7613.94----0.0235136.81-18.6815.19-108.87---25.2621.67
VH Global Sustainable Enrgy Opprtnts PLC25.91m19.13m271.56m0.0015.380.6189--10.480.04460.04460.06251.110.0567--45.14--4.18--4.19--82.98--73.83------0.00--233.62--248.81------
Brooks Macdonald Group plc128.26m6.46m271.87m485.0043.531.7816.082.120.3790.3797.839.25------264,457.70--8.25--9.90----5.0312.33----0.024472.473.623.96-64.421.981.608.87
Gresham House Energy Storage Fund PLC-186.97m-196.69m273.15m0.00--0.4397-----0.3445-0.3445-0.32721.09-0.2553-------26.85---26.90--------------0.00---144.40---150.71------
Hansa Investment Company Ltd96.05m91.42m274.40m0.003.120.6283--2.860.76210.76210.80063.790.2336--120.74--22.237.8222.267.8696.9391.7995.1887.61----0.0013.641,346.5733.62858.2538.27---27.52
Henderson High Income Trust plc38.61m33.34m277.58m0.007.230.9124--7.190.2230.2230.25571.770.12--10.21--10.375.2511.966.0187.9383.5386.3580.33----0.061387.42445.51--294.34----1.52
Real Estate Credit Investments Ltd31.36m21.86m281.81m0.0013.310.8764--8.990.09540.09540.13711.450.0813--9.12--5.674.166.595.2586.5984.3969.6966.65----0.0679157.962.264.416.352.59--0.00
BlackRock Frontiers Investment Trust PLC71.07m58.32m281.93m0.004.830.9044--3.970.30810.30810.37541.650.233--16.16--19.125.7520.215.9784.6076.9882.0669.39--608.250.0000575.08385.55--303.03----1.57
Jpmorgan Asia Growth & Income PLC-1.58m-5.83m284.40m0.00--0.9501-----0.0564-0.0564-0.01743.88-0.0044-------1.623.33-1.633.34--86.59--77.27----0.00123.48136.64-3.51129.28-4.21--0.00
Schroder Japan Trust PLC65.30m61.03m285.87m0.004.790.8231--4.380.51380.51380.54972.990.186--37.37--17.397.6717.797.9495.9291.8393.4686.75----0.028729.0285.56--94.66----18.13
Data as of Nov 13 2024. Currency figures normalised to Gresham House Energy Storage Fund PLC's reporting currency: UK Pound GBX

Institutional shareholders

44.15%Per cent of shares held by top holders
HolderShares% Held
BlackRock Investment Management (UK) Ltd.as of 30 Sep 202463.04m11.08%
Sarasin & Partners LLPas of 09 Jul 202428.45m5.00%
Link Fund Solutions Ltd.as of 31 May 202426.21m4.61%
Gresham House Asset Management Ltd. (Investment Management)as of 30 Jun 202426.21m4.61%
Schroder & Co. Ltd.as of 31 Mar 202425.88m4.55%
Border to Coast Pensions Partnership Ltd.as of 31 Mar 202423.42m4.12%
Valu-Trac Investment Management Ltd.as of 30 Aug 202421.44m3.77%
Aviva Investors Global Services Ltd.as of 30 Jun 202412.61m2.22%
Privium Fund Management BVas of 30 Sep 202412.53m2.20%
Schroder Investment Management Ltd.as of 31 Dec 202311.47m2.02%
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Data from 31 May 2024 - 31 Oct 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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