Vh Global Sust. Share Price (GSEO)

That's where I heard about itn

Therefore in my opinion a considerable increase in income and NAV to come.

Projects in construction are valued at cost.

Contacted GSEO about capital needed to finish projects. They have £74 million cash and they said

"All the projects that are currently in construction are fully funded. We do not require additional capital to fulfil these commitments."

Https://citywire.com/investment-trust-insider/tag/renewable-infrastructure

Citywire has great coverage on investment trusts. Article from yesterday on gseo.

Yes, GSEO seems incredibly cheap: 8% yield with under 60% of capital deployed and virtually no leverage. And if I understood correctly, it claims that all its contracts are fully inflation linked. I noticed that the contracts for its US storage are only 3 years. We just have to assume that there's going to be continued demand for those. And I generally prefer funds with a proven track record. We've seen other new funds turn out to be badly managed. But I'm optimistic enough about this to risk a 3% investment.

I was always rather doubtful about battery storage funds, fortunately as it turned out. I did get into GSF late last year, when it was already at a 40% discount, but later changed my mind, getting out with a modest profit. I think the battery funds are at too much risk of the grid operators changing the rules on them. At least the generating funds like UKW have much of their income covered by subsidies and guaranteed prices. It would be pretty extreme for the government to renege on those. I'm more concerned about their market revenues, as it's the government that sets the rules of the market, and we know those are going to be changed.