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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Foresight Environmental Infrastructure Limited | FGEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 1.12% | 72.00 | 15:58:49 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.80 | 70.80 | 72.00 | 71.20 |
| Industry Sector |
|---|
| BEVERAGES |
| Top Posts |
|---|
Posted at 17/12/2024 16:13 by pavey ark A strange post.(130)It seems we are to take the company today and freeze it.....wait ten or twenty years and look again at some worn out assets ?? The AD business ...if it is to go on "forever" will require constant cap ex but the wind and solar are simply to be left to run down. Blades and complete turbines can be replaced but most wind turbines are exceeding their projected lifespan and FGEN uses very conservative estimates. To replace existing solar panels with cheaper, more efficient panels looks a good move when all the infrastructure is already in place. A few years ago I was looking at a battery storage start up and investors were concerned about the technology rendering their batteries obsolete ....the guys pointed out that even if there was a problem the batteries were only 25% of the total cost of the installation "Just so folks don't get carried away with the >10% yield".....hmmm !! ...the second word that springs to mind is "off" |
Posted at 05/12/2024 08:46 by cynicalsteve The problem with the fish farm is that it is commercial first and only secondly environmental. We expect trusts like this to have investments that are environmental first (subsidised/low risk/high income) and commercial second. The fish farm is a commercial venture with commercial risks, I'm comfortable with that but other potential investors won't be. |
Posted at 28/11/2024 09:52 by cynicalsteve Maybe a nervous fund/trust manager who holds FGEN and has a 31st December year end won't want it in the portfolio for the annual report.Maybe a fund/trust manager who takes a contrarian/value approach and wants to increase exposure to renewables trusts will buy something more mainstream than FGEN. If I'm right FGEN is currently a buy for private investors who are willing to take slightly more risk for greater possible reward. |
Posted at 26/11/2024 17:09 by nickrl @gateside they know nothing about fish farms and are an investor alongside the Norwegian company that are the experts. I don't see it as risky as HH2E but it puts them in a space where income certainty is non existent unlike power generation where we have a mixture of known subsidies for years ahead as well as ability to sell forward generation. Yes the vagaries of the weather has some impact but the downside or upside is within a known range.Theres a lot in the share price now but seemingly plenty still want rid of them is making me cautious but suspect my sub 70p target maybe too much of a stretch. |
Posted at 23/11/2024 16:57 by nickrl So this fish farm is forecast to produce 7.8kT of trout from 2027 (from HY25 report) which is worth 75NOK/kg according to this hxxps://en.seafood.nHopefully ive got that wrong as thats not much to show for a 40m investment. Something to raise with them at the investor meet on monday |
Posted at 23/11/2024 11:13 by cynicalsteve Fish farms are controversial because of concerns about disease and pollution, this will alienate some potential investors. I invest in FGEN because of its more diverse portfolio but is this investment too diverse? |
Posted at 11/11/2024 10:11 by cc2014 One would think based on the share price action on Friday that we are in the midst of a raging bear market.The HH2E news wiped 3p off the NAV reducing it from 113p to 110p, yet as others have pointed out the share price fell at one point 8p. It was my expectation on reading the news that not even 3p would have been wiped off the share price as I expected the market had already made some allowance for HH2E given the significant discount to NAV. I thought the share price might fall a penny and indeed that's what it did for a while. Before the news the share was trading at 85p and had already fallen 10p from the recent high of 95p on the move on gilts. That in itself I felt was overdone and I had been buying in the 84-87p range. It all made little sense to me on Friday and I added to my position 6 times on Friday starting at 81p and ending at 77.6p. Fortunately I bought far more lower down and my average buy price on Friday was 78.5p I am of the view that the market has completely lost the plot. We are now 2 hours in and yet we have not seen any further correction of Friday's fall. Indeed the trades suggest to me that although there are buyers there are still some happy to sell. It is arguable of course that the share price has been bashed down as the market has reappraised FGEN and considers it far more risky than they thought. That would to me seem to be wrong if one can be bothered to actually look at the rest of the portfolio although I acknowledge that's not something fund managers do at all robustly. Indeed based on the evidence it must be that investors want out in a way they did not last Thursday. I'll take my chance here. The market can remain irrational for quite some time but I'm of the view that the current share price is just wrong. |
Posted at 11/11/2024 06:41 by route1 Jombaston seems to think that either the Manager or the Board or indeed both of them should at the very least apologize for losing 22million of Investors money.This is probably a futile wish which is unlikely to happen, even though apologies cost nothing, they both probably adopted an Asian attitude of not wanting to lose face under any circumstances.In order to show some contrition to their shareholders wouldn't it be nice if they were to make a special distribution of a small percentage of the loss to shareholders,this would be a token gesture.Obviously this is also not going to happen, and hopefully no more similar investments in this sector will be made. |
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