Foresight Solar Share Discussion Threads

[jonwig] 23/3/2023 08:55

It's impossible in practice to get people to subscribe to new shares when existing shares trade at a discount to net asset value.

[melton john] 23/3/2023 08:39

Hi jonwig, perhaps because I've not long been awake but I don't get "they can't raise new equity right now". Can you explain what you mean by that please?

[jonwig] 23/3/2023 07:58

Possible new developments in Spain:



Since they can't raise new equity right now (nav is 126p), they say they will recycle assets already owned.

[melton john] 15/3/2023 10:49

Compares very, very well with some other trusts selling more shares to support the divi.
____________________________31/12/2022__31/12/2021

Net Asset Value("NAV")________£771.5m____£660.0m

NAV per Share_________________126.5p_____108.2p

Gross Asset Value("GAV")___£1,296.3m_____£1,172.0m

Total Dividend per
Share for the period___________7.12p_____6.98p

Annualised Total Shareholder
Return since IPO_______________7.8%______5.9%

[jonwig] 15/3/2023 07:42

Impressive, and new projects coming on stream.

[rik shaw] 15/3/2023 07:39

Annual results inc dividend declaration (6% increase to 7.55p pa x1.5 cover):


The Board is pleased to announce the fourth and final interim dividend relating to 2022 of 1.78 pence per ordinary share. The shares will go ex-dividend on 20 April 2023 and the Dividend will be paid on 26 May 2023 to shareholders on the register as at the close of business on 21 April 2023.

The expected timetable in relation to the Dividend is:
Ex-dividend Date 20 April 2023
Dividend Payment Date 26 May 2023

[brucie5] 10/2/2023 18:29

MJ - thanks.

[aleman] 09/2/2023 10:09

Assumptions on future inflation and discount rates - and other projections - seem to be significantly different so that means the way they calculate NAV is also significantly different?

[melton john] 09/2/2023 10:05

Hi Brucie5, right now I don't see a great deal of difference between them when I did a comparison on Stocko. More ticks for FSFL but the differences were marginal I thought. Nothing like the difference a year ago when I took some out of NESF and bought FSFL at less than 110. The drop in yield is a result of the price going up, swings and roundabouts and I'll be holding on as is.

[brucie5] 08/2/2023 12:33

I notice that this has slightly better metrics on Stocko to go with slightly lower dividend than NESF. Does this board have any views on relative merits of the two?

[petewy] 08/2/2023 11:23

yes Optimistic update

[ec2] 08/2/2023 10:05

Standout div cover in today's trading update. F/Y22 1.74x and forecast F/Y23 at least 1.50x.

[yump] 22/12/2022 16:33

o/t noticed a massive assumption in there about rental from retail parks: "The retail park sector is tipped for strong growth in the years ahead as consumer habits evolve."

I'd have thought that growth recommendation is about 30 years too late.

[bluemango] 22/12/2022 00:55

TMF tip FSFL. Not that it tells you anything you didn't already know:

[rik shaw] 24/11/2022 12:01

Next dividend declared

[petewy] 24/11/2022 10:02

Yes Interesting read.