Gresham House Energy Storage Fund plc

Equities

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GB00BFX3K770

Investment Management & Fund Operators

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Apr. 19	Gresham House Energy warns of revenue hit amid challenging environment	AN
Apr. 18	Gresham House Energy Storage Fund plc Amends and Restates its Debt Facility Agreement	CI

IN BRIEF: Gresham House Energy Storage Fund wins accordion extension

November 03, 2022 at 07:54 am EDT

Gresham House Energy Storage Fund PLC - London-based battery storage fund - Secures GBP155 million of incremental term debt through an accordion arrangement under its existing senior debt facilities secured in September 2021. The interest rate remains unchanged at 300 basis points over the sterling overnight index average. Term of the debt facility is extended by two years. Says it will be used to fund its near-term pipeline.

Current stock price: 164.72 pence, down 0.2% in London on Thursday

12-month change: up 27%

By Heather Rydings; heatherrydings@alliancenews.com

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Latest news about Gresham House Energy Storage Fund plc

Gresham House Energy warns of revenue hit amid challenging environment	Apr. 19	AN
Gresham House Energy Storage Fund plc Amends and Restates its Debt Facility Agreement	Apr. 18	CI
RBC Initiates Gresham House Energy Storage Fund at Outperform	Apr. 11	MT
JPMorgan raises M&S; HSBC likes Kingfisher	Apr. 11	AN
Gresham House Energy Storage Fund new contracts grow NAV	Feb. 23	AN
Gresham House Energy Storage Fund Extends Contracts for 13 Projects in UK Capacity Market Auction	Feb. 23	MT
Gresham House Energy Storage Fund announces share buyback	Feb. 02	AN
Schroder Oriental Income Fund Limited commences an Equity Buyback Plan for 81,139,424 shares, representing 14.99% of its issued share capital, under the authorization approved on May 30, 2023.	Feb. 02	CI
Gresham House Energy favours buyback over payout; commissioning slow	Feb. 01	AN
Shell profit falls; announces USD3.5 billion buyback	Feb. 01	AN
Gresham House Energy Storage happy with new UK grid platform	Dec. 15	AN
Gresham House Energy Storage energises West Didsbury project	Nov. 21	AN
Gresham House Energy Storage Fund Powers Up UK Battery Storage Project	Nov. 21	MT
Gresham House Energy Storage Fund plc Announces A Dividend for the Period from 1 July 2023 to 30 September 2023, Payable on 21 December 2023	Nov. 17	CI
Gresham House Energy net assets down on weaker trading	23-09-27	AN
Flutter buys MaxBet stake; LandSec sees strong demand	23-09-27	AN
Gresham House Energy Storage Fund plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-25	CI
Gresham House Energy Storage optimistic despite net asset value fall	23-09-07	AN
Gresham House Energy Storage Fund Flags Lower H1 Revenue	23-09-07	MT
Gresham House Energy Storage Fund plc Announced A Dividend for the Period from 1 April 2023 to 30 June 2023, Payable on 29 September 2023	23-09-07	CI
Gresham House backs GBP470 million takeover from Searchlight	23-07-17	AN
China's GDP data weighs on British miners	23-07-17
Gresham House Energy Storage raises funds for Project Iliad	23-05-25	AN
FTSE 100 Closes Up 0.2% on US Debt-Ceiling Optimism	23-05-18	DJ
Gresham House Energy Storage sets GBP80 million fundraise	23-05-18	AN

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Company Profile

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 Companyâs 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.

Sector

Investment Management & Fund Operators

Calendar

2024-04-28 - Q4 2023 Earnings Call

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.46 GBP

Average target price

1.033 GBP

Spread / Average Target

+124.64%

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Chiffre d''affaires - Rate of surprise

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