Foresight Solar Share Discussion Threads

[masurenguy] 21/8/2023 13:32

Shareprice discount to NAV is now circa 25%. If the target dividend for this year is maintained (7.55p) then the yield at todays Bid is 8.4%.

Having sold out @108.6p on 10 October last year the shareprice is now looking to have dropped into bargain territory, especially with the buyback budget recently being increased to £20m. As at the end of June the company had repurchased 4m shares, which means that they have probably spent circa half of the original buyback budget of £10m. Since this budget has now doubled there is the potential to buy circa 16m more shares so that should start to act as a brake on the current shareprice decline.

The shareprice has fallen by circa 22% over the past 6 months, which is an average standard decline within the sector - both BSIF and NESF have also fallen by the same percentage over this period. Interims are due on 14 September and that could be a trigger point for my re-investment here.

[tuftymatt] 21/8/2023 10:28

Yeah I agree.

The talk around selling off some assets to pay down short term debt and the NAV growth plus dividend growth was all music to my ears 😀

Good luck all 👍🏻

[gateside] 20/8/2023 23:02

Thanks for the link.Excellent interview

[gemlotte55] 20/8/2023 18:44

Thanks for that, interesting interview 👍

[petewy] 20/8/2023 13:59

hxxps://www.edisongroup.com/edison-tv/foresight-solar-fund-executive-interview-2/32597/

[tuftymatt] 11/8/2023 08:13

Yeah my view is this should be higher too.
Happy to add slowly though at sub 100 for now and pick up the solid divi.

Good luck all 👍🏻

[jonwig] 11/8/2023 07:21

Edison flash note:

[belgraviaboy] 29/7/2023 17:47

Bought a few of these yesterday....

[topvest] 28/7/2023 12:59

I have topped-up today. Dividend yield is about 7.7% which is not bad going when its on a 20% discount and the assets have inflation protection.

[gemlotte55] 19/6/2023 07:35

Increase in divi

[cwa1] 19/6/2023 07:18

19 June 2023

19 June 2023

Foresight Solar Fund Limited

("Foresight Solar" or "the Company")

Declaration of Dividend

Foresight Solar is pleased to announce the first interim dividend, for the period 1 January 2023 to 31 March 2023, of 1.88 pence per ordinary share. The shares will go ex-dividend on 20 July 2023 and the payment will be paid on 25 August 2023 to shareholders on the register as at the close of business on 21 July 2023.

Foresight Solar confirms its dividend target of 7.55 pence per ordinary share for the 2023 financial year.

The Board will keep under consideration the re-instatement of the Scrip Offer, subject to an assessment of the relevant prices and a conclusion that the re-instatement would be beneficial to the Company's shareholders.