Vh Global Sustainable En... Share Discussion Threads

[nexusltd] 03/12/2021 16:31

A board NED, Richard Horlick, added 190,000 shares to his original 10,000 IPO holding in the placing. Confident? As yet, no new information on further institutional holdings.

Today’s announcement of an USD35m Texas investment into further US oil products terminal storage assets storage is interesting. It will increase investment into this asset type to c. 22% of the portfolio. In the interim report we were informed that the first such asset was performing well; contract pricing renegotiated upwards. The poor placing result seems to have precluded investment into any of the four “Enhanced Pipeline” assets outlined in the placing proposal.

[nexusltd] 01/12/2021 22:40

@GBCol. I agree, placings may suit institutions but are difficult for PI's. Last time I looked GSEO institutional holdings were 48%, what of the other 52%? Interactive Investor allowed me to participate at their standard telephone trade commission; so I've accumulated at 101.5p +0.16%, no 0.5% SDRT.

[nexusltd] 01/12/2021 16:07

All in all a disappointing placing; with only £70m of new money to fund the “Enhanced Pipeline of four assets diversified by geography, technology and income type. The total potential investment value of the Enhanced Pipeline assets is £258 million". On the positive side; the directors have increased their personal investment from a total of 35,000 shares to 240,000. It will be interesting to read which directors have bought in.

[speedsgh] 01/12/2021 13:09

Result of Placing -

The Board of VH Global Sustainable Energy Opportunities plc ("GSEO" or the "Company") is pleased to announce that the Company has raised a further £70 million pursuant to the placing (the "Placing") announced on 8 November 2021 (the "Placing Announcement"). Accordingly, the Company will issue a total of 68,965,518 New Ordinary Shares at the placing price of 101.5 pence per New Ordinary Share.

GSEO intends to use the net proceeds of the Placing to invest in its enhanced pipeline of assets which are high quality and diversified by geography and technology.

Bernie Bulkin, Chair of the Company, commented:
"Taking the £70 million that has been committed as part of the Placing means that we have successfully raised over £312 million since the Company was launched in February this year. The capital raised, coupled with the strong pipeline of opportunities that we have already identified, should allow us to maintain our strong investment momentum into 2022.

I would like to thank our existing investors for their continuing support and welcome those new investors to our shareholder register.

As economies around the world reassess their approaches towards a net-zero carbon future following COP26, the Company is both well positioned, and well capitalised, to continue its leadership role, driving the energy transition while making a positive impact on the environment and the local communities in which we invest."

[gbcol] 18/11/2021 07:42

Thanks for the info nexus. I will contact my broker to see if they can arrange for me to take part in the placing, although like Octavia I have bought a few in the market anyway (didn’t quite get as low as 101.7p though so well done).

[octaviab] 17/11/2021 23:02

Honestly, these message boards seem to be full of people who are generous and helpful with advice. You included, Nexus. All of whom are speedier with their replies than my main broker (Interactive Investor) who have yet to reply to the message I sent them on Monday morning…

In the event, I decided not to bother with them and bought in the market yesterday at 101.7p, so only a bit more than the placing price. Of course, Interactive have now sent out a notice saying that their customers can participate after all.

Given that this didn't happen earlier, I do wonder whether the bad publicity about Victory Hill not accommodating private investors better prompted them to make these arrangements.

[nexusltd] 17/11/2021 22:13

@GBCol & OvtaviaB I contacted my provider and they have arranged to participate in the placing. Saves on stamp duty & dealings costs as well as better pricing than currently available in the market; particularly as it trades in quite a wide spread. Today, Sell:101.80p Buy:103.40p.

[octaviab] 15/11/2021 09:41

Thank you so much for your very helpful reply. I quite agree that it is rather irritating that they don’t make things easier for their existing investors. Since posting my previous message, I caught up on the latest weekly update from QuotedData. Rather gratifyingly, James Carthew who presents that weekly show, also took GSEO to task for not making this placing available to retail investors. Perhaps they will eventually start to make themselves more amenable to us…
I think I will follow your example and just top up in the market, as I agree with you that the price is likely to bump up again after the placing.

[gbcol] 15/11/2021 08:51

OctaviaB, I’m probably not the best person to answer. I have a few of these funds and they do seem to have a habit of making these follow on placings complicated, particularly if you hold them in a SIPP as you and I do. Several times I have written to these companies to complain about this tendency.

I suggest that you contact your SIPP provider for advice, which is what I will do. I cannot see that you should be contacting Numis directly but your provider may have more information.

Generally, I tend to keep it simple and just buy top up shares in the open market, even if I have to pay a little bit more. For example, I think you can currently pick these up for about 102p.

Sorry I can’t be more help but if I find anything else out I’ll update.

[octaviab] 15/11/2021 00:00

GBCol, I'm appreciate some practical advice on how to participate in this placing.

The Placing Document says: "Qualified investors are invited to apply for New Ordinary Shares by contacting Numis on the contact details below. It is intended that New Ordinary Shares will be allocated so that applications from existing Shareholders ("Existing Shareholders") are given priority over other applicants, with a view to Existing Shareholders being allocated such percentage of New Ordinary Shares as is as close as possible to their existing percentage holding of Ordinary Shares."

I'm an existing shareholder within my SIPP having applied for the original holding through that broker. How will you go about taking part in this placing - does one actually have to ring up the person mentioned at Numis...?

[gbcol] 08/11/2021 10:34

Think they could have pitched the placing a bit higher than 101.5p. Bit frustrating as share price had made some good progress lately but I guess this is par for the course in this sector. Very likely that I’ll take part anyway as share price will no doubt rebound once placing is done and dusted.

[rambutan2] 09/9/2021 19:40

09 September 2021

VH Global Sustainable Energy Opportunities commits GBP78m to UK flexible power projects

Commitment to two carbon capture and re-use flexible heat and power projects that support the UK's energy transition plans to net zero

VH Global Sustainable Energy Opportunities plc ("GSEO", the "Company") - a London-listed investment company advised by Victory Hill Capital Advisors LLP ("Victory Hill") - is pleased to announce a GBP78m programme commitment to fund innovative net zero flexible power generation projects in the UK, which support the energy transition towards more renewable power generation.

GSEO's investment will fund the construction of two combined heat and power plants which bring together high-efficiency, gas-fired engines technology with a carbon capture and re-use system to provide a clean, net-zero, flexible and dependable electricity solution for the UK. The combined capacity will be 45MW, with assets at the ready-to-build stage, with full planning permissions and commercialisation plans in place.

The first plant will begin construction in Q4 2021 in Nottinghamshire, with a second plant in County Durham expected to be begin construction by Q2 2022. Once operational, the plants will be contracted under long term Power Purchase Agreements (PPAs) with well-known energy companies for the power output, and long-term CO2 offtake contracts with large industrial companies for the carbon. Together, these revenue arrangements will provide the plants with downside risk protection and visibility of revenues for the medium-to-long term. The unlevered returns are expected to exceed the Company's target return of 10% and target annual dividend yield of 5%.

[rambutan2] 20/6/2021 02:54

28 May 2021

VH Global Sustainable Energy Opportunities commits $63m to Brazilian solar power programme

Initial funding commitment aims to participate in the fast-growing solar generation sector in Brazil

VH Global Sustainable Energy Opportunities plc ("GSEO") - a GBP243m London-listed Investment company - is proud to announce a $63m commitment to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. Brazil is a Key Partner of the OECD and one of the world's fastest growing energy markets.

An initial tranche of $4m will fund the construction of four projects across Rio de Janeiro, which once operational will provide 5MW of energy to a combination of local communities and regional utilities.

The initial tranche will be followed by a second $24m tranche in June to fund up to eight projects across Sergipe, Rio Grande do Norte, Paraiba, Mato Grosso do Sul, Piaui, Bahia and Para, which will provide 28MW of energy.

The remaining $35m will be deployed by August across Rio de Janeiro, Minas Gerais, Bahia and Sao Paulo to build six solar projects which will generate 42MW of power.

The fully-equity funded projects are at the ready-to-build stage and are expected to be operational in less than six months from investment. Once operational, the expected annual returns will exceed the Company's target annual dividend yield of 5% and total return of 10%.

An independent assessment of the project, as per the process, has concluded that it is compliant with the Company's six relevant Sustainable Development Goals - goals 3, 7, 8, 9 13 and 17 - and will do no significant harm in the context of the remaining eleven goals.

GSEO is partnering with developer Energea Global LLC, which has a proven track record in developing and operating distributed power generation assets in Brazil.

The aim of this investment is to support and accelerate the growth of a sustainable energy system in Brazil by improving and securing localised access to clean energy and helping to lower Brazilian energy prices.

The projects involve building solar PV farms to supply energy to creditworthy commercial and industrial energy users, as well as large multinational corporations with operations in Brazil. About half of the total production capacity is to be contracted with a multinational telecoms company. The lengths of the contracts will be 20 years on average and will be inflation-linked.

Approximately 37% of the net proceeds raised on IPO are currently committed to the Enhanced Pipeline Assets.

Eduardo Monteiro, Co-Chief Investment Officer of Victory Hill Capital Advisors LLP ("Victory Hill"), investment adviser to GSEO, said: "As promised to investors, this funding commitment marks the beginning of a very exciting journey for the Company in Brazil, where we can support real and lasting improvements in the country's energy infrastructure. Brazil is experiencing rapid growth in its energy sector and there is significant potential for investors with the right expertise to help contribute to the country's growth with cleaner and reliable sources of power."

Mike Silvestrini, Managing Partner at Energea, said: "Brazil is one of the most exciting markets in the world when it comes to distributed generation and we are proud to have the backing of an experienced team at Victory Hill to develop further distributed solar power generation across the country. Right now, Brazil has the attractive combination of enabling policy landscape, strong energy economics and high degrees of customer adoption, marking it as a prime opportunity for investors looking to have a positive impact on the world and help battle the climate crisis."

[rambutan2] 20/6/2021 02:51

02/02/21 The Board of VH Global Sustainable Energy Opportunities plc is pleased to announce that 242,624,281 Ordinary Shares will today be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the LSE.

2. Investment objective
The Company’s investment objective is to seek to generate stable returns, principally in the form of income distributions, by investing in a diversified portfolio of global sustainable energy infrastructure assets, predominantly in countries that are members of the EU, OECD, OECD Key Partner Countries or OECD Accession Countries.

3. Target Total Return*
On the basis of market conditions as at the date of this Prospectus and whilst not forming part of the Company’s investment objective, the Company will, once the Net Proceeds have been fully invested, target a Net Asset Value total return of 10 per cent. per annum, net of the Company’s costs and expenses.

On the basis of market conditions as at the date of this Prospectus the Company will target a minimum dividend of not less than 1p in respect of the financial year ending 31 December 2021 and dividend payments of 5p per Ordinary Share on an annualised basis in respect of the financial year ending 31 December 2022. The Board intends to adopt a progressive distribution policy thereafter.

Ongoing annual expenses
The Company will also incur ongoing annual expenses which will include fees paid to the AIFM, Victory Hill and other service providers as described above in addition to other expenses which are currently expected to amount to 1.4 per cent. of Net Asset Value per annum (excluding all costs associated with making and realising investments).



UK flexible power project partner:






Relevant podcast shows:




Sector stats:


Kepler (paid for) note: