Gore Street Energy Storage Fund - GSF - Share chat

[dk1]

Topping up here, this is at a 12% discount to NAV, compared with a 9% premium for Gresham. Even considering Gresham’s 1.5% higher discount rate and other differences, such a huge valuation gap makes no sense to me.

Octopus Renewables plc (ORIT) - Share Chat

[image] Ignoring the alternative trusts which have the highest discounts, the market seems to be discounting the trusts at a broadly equivalent rate (roughly 9-10% at first glance). Here are the levered WACCs in order of discount to NAV: US Solar Fund: c. 7.2% (exact not announced) Ecofin: 7.5% Octopus: 7.5% Aquila: 7.2% Downing: 7.7% NextEnergy: 7.3% Foresight: 7% Gore Street: 9.3% VH Global: 8.8% TRIG: 7.2% UKW: 10% Harmony: 10% BSIF: 7.25% Atrato: c. 8.5% (levered back up) JLEN: 8.4% Thom…