Foresight Solar Share Discussion Threads

[tuftymatt] 16/11/2023 08:16

Seems a smart move to take a profit / reduce debt and put the money to work elsewhere.

Good luck all 👍🏻

[melton john] 16/11/2023 07:51

FSFL sells Spanish investment at a premium to lower debt and recycle capital.https://uk.advfn.com/stock-market/london/foresight-solar-FSFL/share-news/Foresight-Solar-Fund-Limited-Q3-2023-Net-Asset-Val/92574534

[masurenguy] 01/11/2023 07:57

Thanks jonwig - I think that the excerpt below summarizes the current investment case, which equally applies to BSIF and NESF where I'm currently invested.

Foresight Solar Fund (FSFL) presents investors with an attractive dividend yield (8.6%), a 10-year track record of dividend growth (25% since IPO), strong cash dividend coverage (1.5x until at least 2025) and underlying revenue security (contracted revenue accounts for 90% of total revenue in 2023, 85% in 2024 and 75% in 2025). FSFL can fix power prices in six-month blocks, up to five years ahead via hedging. Investors have been attracted towards fixed income and money market products in a rising interest rate environment, although these present negative real investment returns. FSFL offers positive real yields, well covered by cash generation and with a proportion of revenues linked to inflation that help support a growing dividend. FSFL is also trading at a 26% discount to NAV, offering an attractive entry point to investors.

[jonwig] 01/11/2023 06:47

Edison note, 30/10:

[apfindley] 23/10/2023 19:07

Nice chunk taken into treasury today.

[cc2014] 16/10/2023 14:02

Although I do not own this one my sense is that the whole sector has become like a compressed spring ready to bounce back the moment the selling pressure is released.

[hugepants] 16/10/2023 12:35

Some shareholders obviously not hanging around for ex-dividend day this week. Heading south like most of my portfolio. NESF also on its knees and yielding 10.5%.

[woodhawk] 29/9/2023 14:09

I've been adding to my small holding here. Currently 8.1% yield and quarterly divis. Nice.

[ikw] 25/9/2023 16:18

€1.7 billion for new solar plantsThe European Investment Bank (EIB) has approved financing of up to €1.7 billion for the construction of around 120 photovoltaic plants located in Spain, Italy and Portugal.