UK earnings, trading statements calendar - next 7 days
23rd Sep 2024 14:12
Gresham House Energy Storage Fund PLC - London-based investor in utility-scale battery energy storage systems - Says net asset value per share at June 30 falls to 109.16 pence, down 19.91 pence from December 31. Of which, attributes 19.47 pence of the decline mainly to a "new, more conservative curve provider". Says operational portfolio generated net revenue of GBP17.9 million, down 13% from GBP20.5 million a year prior. Operational portfolio capacity increases 14.5% to 790 megawatts. Total debt drawn at the end of the period was GBP120 million while total size of its debt facility reduces to GBP225 million from GBP335 million. Cash on hand between the company and its investments at June 30 is GBP26.8 million. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
Gresham House Energy Storage Fund PLC - London-based investor in UK battery energy storage systems - Becomes first UK battery and energy storage systems business to reach operation capacity of 1 gigawatt hour after completed augmentation of Enderby and West Didsbury projects. Each site added 50 megawatts of capacity and is upgraded from one hour to two hour duration. In 2024 the Fund has upgraded its total capacity from 790 megawatts to 1.03 gigawatts. A further 220 megawatts will be added through four planned augmentation projects. Read More
Gresham House Energy Storage Fund PLC - Says it has energised its Penwortham project, a 50 megawatt and 50 megawatt hour battery energy storage system just southwest of Preston, Lancashire. Says plans to double Penwortham's capacity to 50MW/100MWh are "well progressed" and this is expected to be completed during the summer. Says the energisation of Penwortham takes Gresham House Energy's operational capacity to 790MW/926MWh. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday warned that revenue remains below expectations, despite an improvement since March. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
Gresham House Energy Storage Fund - London-based Investment fund with a portfolio of utility-scale battery energy storage systems - Says that Tuesday's T-1 capacity markets auction cleared "slightly higher than expected" at a price of GBP35.79 per kilowatt. Gresham says it has secured additional 1-year contracts across 13 of its projects, with a total derated capacity of 90.491 megawatts. These additional contracts will bring in GBP3.2 million in additional revenue from October 2024 to September 2025, Gresham says. The NAV benefit from these contracts will be recognised at the company's next valuation date of March 31. Read More
Gresham House Energy Storage Fund PLC - fund which invests for income from utility-scale battery energy storage systems - Announces start of share buyback programme for up to 14.99% of shares, which the firm intends to review "on an ongoing basis". The maximum price payable per share, Gresham says, will not exceed the higher of "105% of the average market value of the company's shares for the five business days immediately preceding the day on which such share is contracted to be purchased; or the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange". Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday said it decided against declaring a dividend for the fourth quarter of 2023 as it continued to be hurt by a weak revenue environment. Read More
(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision. Read More
Gresham House Energy Storage Fund PLC - invests for income from utility-scale battery energy storage systems; managed by Gresham House - Predicts more revenue opportunities for its battery assets from the launch by the UK power grid operator of the new Open Balance Platform and Bulk Dispatch Optimiser. The investment fund says the National Grid Electricity System Operator has started to trade battery energy storage systems in the Balancing Mechanism. "It is too early to point to the specific revenue impact, but the initial indications are positive and, based on provisional data, are expected to lead to increased revenue opportunities for our assets," the company says, adding it will add more of its assets into the Balancing Mechanism in December and in the first quarter of next year. Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Tuesday said it has successfully energised its West Didsbury project near Manchester, England. Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Wednesday reported a negative net asset value total return in the first half of the year due to lower demand and unsteady prices. Read More
(Alliance News) - Stocks in London are set to open lower on Wednesday as investors remained in a risk-off mood amid the prospect of interest rates staying higher for longer in the US. Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday reported a lower net asset value but touted optimism in its outlook and raised its dividend. Read More