Vh Global Sustainable En... Share Discussion Threads

[rambutan2] 06/12/2024 05:23

New thread for new ticker ENRG:

[hpcg] 05/12/2024 01:09

No, because US gulf coast refineries are set up to handle high sulphur oil. It trades at a discount to sweet light (west Texas product) because it needs more expensive processing. Heavies are required for some products, not least diesel, and jet fuel requires some non-CH exclusive components to meet its boiling point range. Refineries are real world equipment, not financial systems that can be changed at the stroke of a pen. This sort of centralised command and control economy doesn't work no matter which party badge is on the measures.

From what I can glean no portfolio company gets any direct subsidy.

I genuinely do not see any risk from any Trump measures, bar the possibility of higher interest rates. Higher USD is beneficial for those returns.

[speedsgh] 03/12/2024 11:30

Excerpt from the following article...

James Carthew: The renewable trusts in Trump’s firing line -

... VH Global Sustainable Energy Opportunities (ENRG) has 28% of its portfolio in the US in the form of two liquid storage terminals. They store high-sulphur oil produced in Mexico before it is processed in US refineries to lower the sulphur content. Clearly, there is a risk that tariffs or other barriers to trade affect the economics of this...

[31337 c0d3r] 02/12/2024 07:27

The Company is pleased to announce that, pursuant to Section 77 of the Companies Act 2006 and as permitted by the Company's Articles of Association, it has resolved to change the Company's name from VH Global Sustainable Energy Opportunities PLC to VH Global Energy Infrastructure PLC, with effect from 2 December 2024.

The Company's ticker symbol for the London Stock Exchange will be changed to 'ENRG'.

[rambutan2] 23/11/2024 06:06

I always like it when buyback profits more than cover operating costs:

[cc2014] 22/11/2024 11:31

They are offering me 68.41 to sell for a decent size if that's any help.

[hpcg] 22/11/2024 09:44

The end of the buy back shows just how important those can be for maintaining a share price. I'd like to see a resumption, with a split returns policy once more of the portfolio is operational. That looks to be within the next 6 months or so.

Exchange rates will always fluctuate but the brief period of sterling strength is probably over for a while. BRL looks to have bottomed, ditto AUD. SEK not great, especially in the current quarter, but it too is at the bottom of a long term range. It's astonishing how weak the SEK is actually. EUR is more stable over the long term.

I'm pondering when to buy more. One would think support is about here.

[speedsgh] 22/11/2024 07:49

~ NAV as at 30/9/24: 111.2p (30/6/24: 110.8p)
~ Strong FX headwinds during quarter (-3.2p impact on NAV)
~ Div covered 1.0x; coverage expected to increase as more assets come on line in 2025

Net Asset Value and Factsheet -

-------------------------

~ Q3 div of 1.42p payable 23/12 (XD 5/12)
~ 0.92p will be designated as an interest distribution

Dividend declaration -

[tag57] 12/11/2024 20:24

Divi declaration should be this week as already a bit late compared to last couple of years. Maybe a couple of investors getting a bit nervous due to the delay. Doesn’t take much at the moment for PI to take fright at perceived issues.

[speedsgh] 12/11/2024 14:53

Fairly brutal share price fall today on what appears to be relatively low volume. GSEO is now back down to 39% discount to Jun NAV 110.84p and yielding 8.4%. This compares to ORIT 27% discount + 8.0% yield.

GSEO Sep NAV + div declaration should be released end Nov/start Dec so the current discount may in reality be greater than 39% (assuming a further reduction in Sep NAV).

[speedsgh] 31/10/2024 10:10

Commissioning of two hybrid solar and battery storage projects in Australia -

[yump] 22/10/2024 12:21

Perhaps all the private finanacial advisers get a % when their clients shift money out and another % when it goes back in somewhere, so a nice incentive for scaremongering, thinly disguised as sound financial planning.

[gbcol] 22/10/2024 09:34

Yes I agree with that. Rachel Thieves has certainly caused a lot of concern with her rumoured attacks on hard earned pension pots. On a presentation on another fund in the sector a few days ago they intimated that share price weakness was down to private rather than insti investors selling. Budget next week, so not too much longer to wait. Hopefully it won’t be as bad as many fear and the withdrawn money will start flowing back in.

Also, it’s only a couple of weeks until interest rates are almost certainly cut again, which should help.

[cc2014] 22/10/2024 09:03

Someone is selling for whatever reason. Some more lumps at 73.3p.

Other lumps on a few stocks in the same sector.

Gilt yields strong but and oil weak (gas not) but I suspect it's more to do with cashing in pension lump sums ahead of the budget.

[hindsight] 14/10/2024 18:32

Started to research here and on first impression one issue is the discounts rates vs peers
Brazil at 9.5% seems low when consider the BRL to GBP sovereign debt rates

[cc2014] 14/10/2024 14:26

And now Stichting selling a few. Pah.

[cc2014] 14/10/2024 14:24

I assume based on this Witan have been reducing for some time.

I seem to remember someone saying both Witan and Alliance had decent sized stakes in GSEO which would necessitate them selling it down, but they were in no hurry.

I'm not sure why companies act like this on a merger but we saw it before with Rathbones. The AUM is the sum of the parts so I'm not sure why that means they are forced to buy or sell anything as the percentages will still be the same percentage of AUM

[cc2014] 11/10/2024 17:42

Regrettably they are reducing which was expected

[hpcg] 11/10/2024 17:15

That is one hell of a holding RNS from Alliance Witan

[rambutan2] 06/10/2024 14:41

And another worthwhile presentation, from the start of the month at Shares mag:



The key takeaway for me, is that there is still a great deal of value to be farmed from the current portfolio. Both as projects mature, but also as add ons and improvements are made to the current holdings.

[yump] 03/10/2024 17:55

Yes what we need is integration ;-)
Differentiation is divisive - two-tier society - its unfair - we deserve better etc etc

[bathcoup] 30/9/2024 16:15

rambutan2,

Thanks for the link. I've just watched the presentation. Co-Chief Investment Officer Richard Lum repeatedly talks about investors getting a "differentiated return".
A return is a return, good or bad. I don't pretend to understand a differentiated return.

Have invested here since IPO. I guess I'm right in saying my initial investment has been differentiated!

[rambutan2] 19/9/2024 19:15

Here's today's presentation, which I thought helped add to the picture:

[yump] 17/9/2024 15:25

90p jump then a wibbly-wobbly line to 100p ?

[31337 c0d3r] 15/9/2024 10:07

Well yes, the chart is actually nature, plotting movements in price due to transactions based on human psychology. Just as the motion of a colony of ants creates a nice picture in time lapse photography.