Looks like mine turned up today, no notification yet but i noticed the extra funds.
Actually no it hasn’t, judging by the amount i think it’s NESF which was due today.
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Right, i can now confirm that it has arrived. It came in 2 instalments but it’s all there.
Yes and came up as backdated?
You cant say it arrived on Monday when it arrived on Friday? (Meant as an example cant remember actuals)
1 instalment was interest paid as a dividend the other was an ordinary dividend.
I need to do some research as i don’t understand how they can do that. It implies they are being paid interest on loans.
I will get back when i can be arsed to look it up.
Sold some shares in my Hargreaves SIPP bought a large amout of GRID.
spread was down as sell 85.80p | Buy: 88.00p but the actual buying price was 85.82.
Pressed buy about 4 times to check it was correct (have to click confirm for it to go through).
That is a small spread…assuming that 85.80p is the sell price.
As Hargreaves Lansdown value the shaes you buy based on the sell price and not middle it appears accurate.
Does anyone know what has prompted the rapid fall in GRID price? It looks to be part of a battery sector re-rating with HEIT and GSF also falling dramatically. It appears there are concerns that current dividend policies are unsustainable but I’m not sure what has triggered this view in the last month?
Hi due to
"Falling UK revenues left dividends of all three funds uncovered last year and with no sign of a let-up in 2024, Jefferies analyst Matthew Hose believed they would have to reassess their distribution policies.
‘We estimate calendar 2023 dividend cover to be 0.1 times for GRID, 0.5 times for GSF and 0.0 times for HEIT (ie, costs are offsetting cash income). Coupled with the funds’ capital constraints, requiring capital to fund constructions projects, this results in material risks to current dividends, particularly as the pressures on GB battery revenue are unlikely to ease until at least the fourth quarter this year,’ Hose said in a note yesterday."
Painful or what?
Particular bad news as none of them have issued a statement about the falls.
Seems to be an over-reaction to short term challenges. I still think this is a fundamentally strong growth opportunity so I’ll look to keep buying and average down my holding.
I am generally against the concept of averaging down.
“Throwing good money after bad money”
But as you stated the fall is overdone.
Made worse by no reaction by the board? Which of course creates uncertainty… something the market overreacts to.
In this case almost certainly ridiculously so.
Don’t know about GRID, but GORE have put out several statements about the price decline. I also don’t think the Jefferies analyst has his figures correct as GORE reported operational dividend cover of 1.15x, and it’s capacity is set to more than double with international revenues staying strong. They also just received a £15m investment from Nidec at NAV (IE 30/40% higher than market price).
Then there’s the balancing mechanism update that occurred last month. Personally buying as much GORE as I can because this price action doesn’t look rational.
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GRID have now released a trading update. Confirms suspension of dividend. Looks like a double whammy of National Grid’s new Balancing System not delivering the expected increased utilisation of BESS and continued delays in grid connections for new sites.
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Yeah this pretty much makes GRID and HEIT uninvestable at present, until NG and the government sort out the balancing market. Thankfully only poured a little into HEIT. Nice buying opportunity for GORE.
Oof, just when you think these trusts may be bottoming out – lower they go. I’m glad I managed to talk myself out of pulling the trigger.
This is a helpful reminder for me to stick to the mantra: if in doubt, do nowt.
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Up 40% last 7 days.
The falls particularly in investment trusts seems to be extreme as does the reverse.
If only I had the bottle. I was certain these had fallen to far so I bought at the bottom…a meaningless amount so still at loss.
Really need to show more bottle when I think something is grossly undervalued/fallen to far.
HEIT is mainly 2 hour batteries.
GRID has started out as 1 hour batteries but is converting to two hour ones.
The graph shows the difference in income between 1 and 2 hour batteries
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Citywire.com is suggesting that octopus energy maybe looking to get into batteries via a takeover.
The Tolling agreement with GRID may be a way of them testing the idea.
It could help with the excess energy by putting into there batteries and then back when needed.
Sometimes they get paid not to produce.
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GRID RECENT DIRECTOR SHARE PURCHASES
There are many reasons why directors sell shares in companies they run, for instance to pay for divorce, new house, childs school fees etc etc
But there’s really only one reason for buying shares.
These recent purchases are not big purchases but are adding to already large holdings.
The Company announces that John Leggate, Chair and Non-Executive Director of the Company and a person discharging managerial responsibilities in the Company (“PDMR”), on 13 December 2024, has purchased 10,000 ordinary shares at a price of 43.95 pence per share.
In total John Leggate will have an interest in 191,851 Ordinary Shares, representing approximately 0.0335% per cent of the Company’s issued Ordinary Share capital
The Company announces that, on 13 December 2024 (announced today the 16th), a PCA of Isabel Liu, Non-Executive Director of the Company and PDMR, acquired 22,300 ordinary shares at a price of 44.61 pence per share.
In total Isabel Liu will be indirectly interested in 168,759 Ordinary Shares, representing approximately 0.0294% per cent of the Company’s issued Ordinary Share capital.
This information is meant for companies
Upto date info on BESS
From the above site
November 2024: GB battery energy storage research roundup