Foresight Solar Share Discussion Threads

[nimbo1] 18/5/2020 09:07

bought here this am - for my income pot

[gateside] 12/5/2020 07:09

Currently hold TRIG and JLENJLEN also seems a bit weak at present. They have the best diversification of all the Renewable Funds

[nimbo1] 12/5/2020 06:27

Thanks Gateside - I own GRID only at the moment. Where income isn't linked to the power price but the exchange and storage of electricity using batteries predominantly around peak hours of usage. Would be interested in buying FSFL and NESF especially if sell off continues!

[gateside] 11/5/2020 23:10

NESF being sold off as well.Other renewables doing fine.

[nimbo1] 11/5/2020 22:23

someone selling plenty at these levels - weird given its on less of a premium to some of the other renewable trusts... monitoring this for sure as owned before.

[llef] 04/5/2020 15:48

any thoughts on the drop in NAV in today's report? the forecast for electricity prices seems to be very volatile, and very dependent on current prices, so as I'm optimistic on that score for the medium term, I'm happy to add at these levels.

[masurenguy] 04/5/2020 08:00

A 5% decline in NAV offset by a 9% increase in electricity generation over budget. They have reconfirmed that there is no evidence to suggest that Covid-19 will materially affect the Company's operational performance and therefore the dividend target of 6.91p for this year is reaffirmed. Q1 2020 Net Asset Value ("NAV") and Operational Update 04 May 2020 Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV assets in the UK and internationally, announces that as at 31 March 2020 its unaudited Net Asset Value was £597.2m (31 December 2019: £628.0m), resulting in a NAV per Ordinary Share of 98.6p (31 December 2019: 103.8p). The decrease in NAV over the first quarter is largely attributable to a downward revision in power price forecasts as a result of the economic impact of the Covid-19 pandemic. Power prices are currently forecast to be negatively impacted for the remainder of 2020 and in the medium term as a result of a reduction in demand for electricity and a decrease in energy-related commodity prices. The downward shift in power price curves, based upon independent forecasts available as at 31 March 2020, resulted in a negative impact on NAV of approximately 4.6p per share. Among other valuation movements during the period the Company highlights the recognition of the reversal of the proposed decrease in the rate of Corporation Tax, resulting in a negative impact to NAV of 0.5p per share. The Gross Asset Value ("GAV"), including Company and subsidiaries, as at 31 March 2020, was £1,026.2m (31 December 2019: £1,071.5m). The Company's next scheduled formal valuation will be undertaken for the 30 June 2020 interim results which are expected to be published in August. This valuation will take into account the latest available power price forecast assumptions, as well as the operational performance of the Company and other variables applied in valuing the portfolio. Operational Update The Company's 723 MW UK portfolio has continued to deliver strong operational performance during the first quarter of 2020. Electricity generation from the UK portfolio was 9% above budget, driven by strong irradiation in March and high asset availability during the period. Positive progress continues to be made across the Company's 146 MW Australian portfolio. A temporary export restriction at the site at Bannerton was removed on 23 April 2020 and it is again exporting at full capacity. The health and safety of all Company stakeholders and their staff remains of primary importance and the Board of Foresight Solar continues to work closely with its Investment Manager, Foresight Group and all key service providers, to monitor the impact of Covid-19 on the Company portfolio. As previously announced on 27 March 2020, there is currently no evidence to suggest that Covid-19 will materially affect the Company's operational performance. Dividend The Company maintains high cashflow predictability with 67% of expected revenues fixed in 2020 which supports its FY 2020 dividend target. As a result, the Board of Foresight Solar re-affirms the Company's FY 2020 dividend target of 6.91p per share.

[masurenguy] 17/4/2020 16:14

Took a modest initial position here below 112p today. They should not be impacted much by the consequences of COVID and already have a good yield. Will add on any subsequent market fall.

[rik shaw] 09/3/2020 07:46

'Change of dividend policy to 'progressive' dividend, with target dividend for 2020 increased to 6.91 pence per share' 'Foresight Solar is also pleased to announce a fourth interim dividend, in respect of the period 1 October 2019 to 31 December 2019, of 1.69 pence per ordinary share ("the Dividend"). The shares will go ex-dividend on 31 April 2020 and the Dividend will be paid on 29 May 2020 to shareholders on the register as at the close of business on 1 May 2020.' Think they might mean 30 April for ex dividend.....

[nickelmer] 28/1/2020 09:46

Thanks for highlighting that article, I had been thinking that might happen for some time as the funds increase in size and number

[nerja] 28/1/2020 08:24

hxxps://citywire.co.uk/investment-trust-insider/news/renewable-funds-could-plunge-40-on-cannibalisation-threat-say-jpm-analysts/a1317406?ref=investment-trust-insider-latest-news-list Renewable funds could plunge 40% on ‘cannibalisation’ threat, say JPM analysts

[lord mandelbaum] 21/1/2020 12:42

I bought FSFL last year and am up 7% in 6 months all told, which is doing what it says on the tin. Haven't traded yet but did get itchy a few days ago. Very similar story with WHR. Also started buying ASLI, commented on that board.

[ec2] 15/1/2020 17:11

Exactly what I do for these type of stocks. Whilst viewing them as a long term hold for the income, if I can make an opportunistic 2% or 3% trading off the back of over bought or oversold situations I will. Have held TRIG also but they are a bit expensive for me at the moment. In the case of WHR, see my recent comment.

[lord mandelbaum] 15/1/2020 15:22

Good trade, I'm also attempting similar with UKW, TRIG, GRID, WHR etc, to essentially hold but spot an opportunnity for an extra 2% or 3% a year with a timely trade. Takes patience though! Additionally, there were quite a few of these opps last year whenever the various funds recapitalised, I wonder if we'll see the same number of these in 2020.

[ec2] 15/1/2020 12:27

Bought back as price drifted back bring premium below 15% plus future interest rate expectations have reduced slightly creating a further positive for the stock.

[ec2] 30/12/2019 10:35

Took some profits due to the 17.77% premium.

[robow] 19/12/2019 12:46

from Shares main feature article Big companies with big decisions to make in 2020 WILL FORESIGHT SOLAR ENTER THE SUBSIDY-FREE MARKET? Next year could prove momentous for the Foresight Solar Fund (FSFL), which makes money by selling power from its solar farms to electricity suppliers and it recently entered the FTSE 250. Thanks to increasing momentum behind renewable energy, building and running a solar farm in the UK is now becoming an economically viable thing to do without needing to rely on government handouts. This is something which could transform the industry and its growth potential going forward. Yet in addition to reviewing investment opportunities in UK subsidised solar markets, the investment manager Foresight is closely monitoring the development of subsidy-free markets in Spain, Portugal and the UK. This area has developed rapidly in Southern Europe, where a number of relevant transactions have been announced in Spain and Portugal, so 2020 might just mark the fund’s debut foray into the subsidy-free arena.

[robow] 18/10/2019 09:28

Featured in this weeks Shares magazine 'Why this solar fund is a great portfolio addition'

[steve73] 10/10/2019 09:14

Odd that the market price has dropped below the placing price of 119p which was oversubscribed according to the RNS. Does not seem to have been quite as popular as TRIG's recent placing...

[nerja] 10/10/2019 08:45

Topped up at 118p below placing sale going on

[steve73] 01/10/2019 11:12

Another fund raise here today.... There must be plenty of good opportunities around, or maybe they're all just making hay while Greta is shining...

[lord mandelbaum] 21/9/2019 10:24

9 million volume and a leg up to 126p to close the week. Very pleasing but can anyone knowledgeable comment on this? The premium over NAV is already large.

[11_percent] 30/8/2019 19:54

Hi guys, I am after some info. Is it the case that you can no longer get planning permission for onshore wind turbines in Scotland. Cheers.

[zero the hero] 05/8/2019 07:23

Not holding these atm Https://investegate.co.uk/foresight-slr-fnd-ld--fsfl-/rns/completion-of--245-million-debt-refinancing/201908050700047270H/ "The new financing comprises a £170 million term loan facility, a £65 million revolving credit facility ("RCF") and a £10 million debt service reserve facility. The £170 million fully amortising term loan facility will expire in March 2036"