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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Foresight Environmental Infrastructure Limited | LSE:FGEN | London | Ordinary Share | GG00BJL5FH87 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.80 | 1.12% | 72.00 | 567,983 | 15:58:49 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 71.80 | 72.20 | 72.00 | 70.80 | 70.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investment Advice | -3.83M | -13.94M | -0.0211 | -34.03 | 471.01M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:58:49 | AT | 4,049 | 72.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 23/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 20/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 19/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 18/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 17/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 16/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 13/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 12/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
| 11/12/2024 | 07:00 | UK RNS | Foresight Environmental Infrastruct Transaction in Own Shares and Total.. |
Foresight Environmental ... (FGEN) Share Charts1 Year Foresight Environmental ... Chart |
|
1 Month Foresight Environmental ... Chart |
Intraday Foresight Environmental ... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/12/2024 | 10:29 | Foresight Environmental Infrastructure Tust | 151 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:58:49 | 72.00 | 4,049 | 2,915.28 | AT |
| 15:58:49 | 72.00 | 13,217 | 9,516.24 | AT |
| 15:58:49 | 72.00 | 11,783 | 8,483.76 | AT |
| 15:58:49 | 71.90 | 11,097 | 7,978.74 | AT |
| 15:58:49 | 71.90 | 4,407 | 3,168.63 | AT |
| Top Posts |
|---|
Posted at 30/12/2024 08:20 by Foresight Environmental ... Daily Update Foresight Environmental Infrastructure Limited is listed in the Investment Advice sector of the London Stock Exchange with ticker FGEN. The last closing price for Foresight Environmental ... was 71.20p.Foresight Environmental ... currently has 661,531,229 shares in issue. The market capitalisation of Foresight Environmental ... is £474,979,422. Foresight Environmental ... has a price to earnings ratio (PE ratio) of -34.03. This morning FGEN shares opened at 70.80p |
Posted at 17/12/2024 14:57 by payette Just so folks dont get carried away with the >10% yield... I think that this is most likely a limited life company. Solar panels and wind turbines wear out. And more to the point, subsidies and leases of land on which assets are sat, are limited. So this company will pay out at similar levels for 10 year or so, then ramp down as assets become older or leasehold land returned to freeholder. Some assets may generate income for longer - e.g. the AD assets; I reckon one sixth of the asset base might go on "forever" (unfortunately some of these were sold to 3inf).Can it go lower? If interest rates rise, then, yes. The FGEN price is highly related to interest rates - what can I earn on my money if I buy govt paper instead of buying FGEN. A 15 yr gilt yields 4.7%. And you get most of your stake back at the end of 15 yrs - not necessarily true with FGEN. However, even given that, its on a huge discount. Even rudimentary spreadsheet calcs indicate I'll get >30% more cash from FGEN than 15yr gilts (I've calculated for a 15 year end-of-life (EOL) time for all assets, AVERAGE asset life is actually 16 years). I think the management team do a good job. The hydrogen debacle is the only black mark I recall on a long successful run. There could be rabbits that the team could produce: (i) dealing with EOL assets; I guess the land freeholder gets the assets in a default position - can the team negotiate anything better (giving e.g. 10% of value to FGEN?). All those grid connections (with obsolete solar and wind hardware) will be valuable at EOL - can FGEN extract any of this value? (ii) buying up other distressed assets? (iii) cut the divi, increase buybacks? (iv) if interest rates fall, then the business can continue indefinitely (v) amalgamation with other investment trusts (vi) with govt intervention, extend the life of assets May buy more. Conflict of interest - I hold the shares already. |
Posted at 13/12/2024 11:57 by riverman77 Added some more too - massive overreaction to one speculative investment that went wrong, but only made up 2.5% of portfolio. Share price down about 17% since announcement which is clearly ludicrous given the rest of the portfolio is held in very safe, operational assets. The good thing with this is you can just collect the 11% yield until market comes to its senses - frankly doesn't bother me if it takes a couple of years to recover. |
Posted at 12/12/2024 10:25 by pavey ark Always liked this and find the fuss over the hydrogen and even the fish farm to be rather strange.....it's what they do to create a diverse portfolio.If people want wind, solar or even battery storage there are plenty of focused alternatives. I got interested when they went into AD....love the big greenhouse !! In and out over the years but when I set up a pure income portfolio two years ago this was my first purchase. Increased my holding by over 50% in the last week and added again this morning. My recent purchases are yielding over 10% and if the share price were to return to 90p the yield would still be close to 9%. I imagine that a 3% increase in dividend will be difficult to resist so 8p next year. Have cash available but this is at my limit for my income shares but not for my total investments so may come back for more !!??? |
Posted at 02/12/2024 13:03 by cc2014 Thank you for your write up Hastings. It must have taken you a lot of time.It was a pleasure to read something which gave a fair reflection of the current position on FGEN and tried to address the advantages and disadvantages. I also appreciated the quotes from the fund manager who sounded fairly self-aware. Finally thanks for not finishing with some crazy price target as I often see from others. Separately I am hopeful that the price action is suggesting to me that the share price has now definitely bounced off the bottom at 72p and isn't going back there. It feels like we now have some upwards momentum |
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 10:32 by hugepants I think they need to change the name back to John Laing lol. The share price started falling almost exactly on the same date as the name change which was mid september. Its fallen from 95p to 72.5p. I'm sceptical the drop has anything to do with the HH2 write-off. |
Posted at 11/11/2024 11:57 by shieldbug I agree that the price is too low. It looks to me like a lot of small issues that have depressed the share price. Not least that climate change, ESG and renewables generally are out of favour and in unfavourable times generally.The money side of the investment still looks good. My fear is that when share prices get to low really stupid decisions get made. |
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 08/11/2024 18:00 by jombaston Clearly, the market has lost faith in the manager. I'm sure the assets are worth a good deal more than the share price but that value has to be unlocked. Hopefully, the share price reaction will wake up the board. The manager needs to show contrition and propose a way forward. The only reason I'm not selling is that the income-producing assets are worth more to somebody else or under another management and possibly another board.Will they be investing more in Green Hydrogen? Is it still a near-term focus as it was in July 2023? Do they have more development plans? Don't say its the market's fault. Apologise and promise to control risk properly in future. |
Posted at 23/10/2024 14:19 by hugepants It does look better value than other renewable trusts at these levels. I didn't realise the share price is actually just above its all time low. You would not think the name change would be the reason. |
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