Foresight Solar Share Discussion Threads

[jonwig] 24/5/2022 16:25

Something to add to #200 - FSFL's UK portfolio is 72% of the whole capacity (Australia 16%, Spain 12%).

I'd like to think that the new Oz government will be keen to get as much solar up-and-running as possible and therefore not start heavily taxing investing companies. And anyway, Oz is pretty independent of world prices and energy is relatively cheap.

[chucko1] 24/5/2022 16:22

CC - ceteris paribus!!

[cc2014] 24/5/2022 15:28

Somewhere along the line they would have to explain that taxing renewable energy suppliers is better for CO2 emission than taxing oil and gas producers.

I think the falls are overdone today. I bought NESF, TRIG and UKW this morning and added some more UKW in the last hour hour.

We will see where we go from here but I suspect the prices will have recovered two thirds of the fall within a couple of weeks.

[topvest] 24/5/2022 15:10

Good point Jonwig.

[jonwig] 24/5/2022 10:31

Renewables are subject to FIT-CFD pricing, so any excess price margins have to be paid back.

They can't pay a windfall tax if they haven't made excessive profits. Future profits and hence asset values can increase with a higher future FIT level, but they won't be "excessive and unexpected".

Theoretical example;

[apollocreed1] 24/5/2022 09:28

This guy is the biggest socialist in the whole party. But none of the current government are conservative anymore. They are even planning to put the windfall tax on renewable companies running wind farms.
Even the Dems in the US haven't instituted a windfall tax.
They just take orders from their wives and the media:

"UK finance minister Sunak orders plan for windfall tax on electricity generators -FT"

hxxps://uk.investing.com/news/commodities-news/uk-finance-minister-sunak-orders-plan-for-windfall-tax-on-electricity-generators--ft-2654885

[bodgeman] 23/5/2022 09:46

Wonder if the aussie election result will open up new opportunities in addition to the existing Queensland & Victoria installations?

[jonwig] 17/5/2022 06:41

Yes, that sounds sensible - thanks!

[ec2] 16/5/2022 23:24

It happened once before in respect of the Feb22 div. It's good practice in order to protect shareholders taking the cash div from negative impact of new shares being issued below NAV. Obviously in this instance there would have been only a very marginal impact, but never the less may still have been something of a niggle for major shareholders.

[jonwig] 16/5/2022 18:36

First time I've come across this sort of thing!

[cwa1] 16/5/2022 17:13

Cancellation of Scrip Dividend

On 29 April 2022, the Company announced a scrip reference price of 113.72 pence per new Ordinary Share under the Company's scrip dividend alternative for the third interim dividend for the financial period ending 31 December 2021 (the "Q4 Dividend").

In light of the Company's Net Asset Value ("NAV") per ordinary share being greater than the scrip reference price, the Board has exercised its discretion to cancel the scrip dividend alternative in respect of the Q4 Dividend. Those shareholders who elected to receive the Q4 Dividend as scrip alternative will instead be paid in cash on 27 May 2022 and, should they so wish, can choose to apply the cash dividend in acquiring additional Ordinary Shares in the secondary market. The Board will continue to assess the possibility of offering scrip dividends with respect to future quarterly dividends where the scrip reference price is above NAV per ordinary share.

[jonwig] 10/5/2022 11:20

JLEN soared yesterday - it's power prices what done it. (See #191.)

[ec2] 10/5/2022 11:04

Doing very well again today as are all the infrastructure assets which are proving their resilience in tough times. Further to my post no. 168 below I further increased my asset allocation during April to 30% in this area across eight separate assets. Also added GSF and INPP in the recent fund raises for additional diversification across the sector.