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Share Name Share Symbol Market Type Share ISIN Share Description
Foresight Solar Fund Limited LSE:FSFL London Ordinary Share JE00BD3QJR55 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.40 1.36% 104.00 103.40 104.00 103.80 103.00 103.00 710,516 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 39.6 -7.2 -1.2 - 632

Foresight Solar Share Discussion Threads

Showing 51 to 75 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/10/2020
08:57
EC2 - ok, thanks. I saw yesterday, that the Telegraph had a (scare?) story about the National Grid issuing a warning notice about it running out of spare capacity due to low wind generation and some other generators being temporarily unavailable. If repeated, could see some big spikes in electricity prices in the colder winter months. Obv, the amount of sun the UK gets is also quite crucial to FSFL's fortunes. Just for info, the site below gives updates for various weather stations (e.g. ST ATHAN has had 32% of normal October monthly sun, it should be around 50% by now, but plemnty of time still to go obv..) hxxp://www.met.reading.ac.uk/~brugge/CURR.html cheers
llef
15/10/2020
17:13
I'm not entirely sure. The electricity price increase is 17-20% compared to natural gas (which impacts elec. prices) over the same corresponding months of about 10%. The move away from fossil fuels to greener energy may play a part but this is just a guess. What's important for me is the continued security of the current 6.5+% div. Over the 12 month period to 30 June which included the time of lowest electricity prices the div was covered 1.1times. Therefore with electricity prices now higher the div will be better covered all other things being equal. Today's day ahead ave auction price came in even higher at 56.02 GBP/MWh. Obviously if we go back into a full COVID lockdown electricity prices could again drop back as they are purely demand driven but it didn't overly impact div cover last time round. You could actually argue that with many working from home during the winter months electricity demand could go higher.
ec2
14/10/2020
21:10
EC2 - thanks for the info re Nord Pool. Their website is very interesting and full of detail. Any ideas why electricity prices in Sep and Oct are stronger this year than last? cheers
llef
14/10/2020
20:53
Wholesale electricity price data comes from Nord Pool which is the main European electricity trading venue. Note in the case of FSFL most recently they had forward fixed price contracts for 30% of their output so they are not entirely dependant on variable prices but as they are to a large extent I keep tabs on day ahead auction prices. Also note the fixed price agreements were recently quoted in the half year update at around 45.71 GBP/MWh. Today's average day ahead auction price was at 46.73 GBP/MWh so it's actually better than the fixed price arrangement. Also for data source completeness my share-price premium calculations mentioned in my earlier post are from Sharescope and cross checked with RNS data. Latest price to NAVs from Sharescope COB tonight are FSFL 9.25% premium and TRIG 20.38% premium.
ec2
14/10/2020
17:11
EC2 - where did you get the current wholesale electricity prices? thanks
llef
14/10/2020
17:03
Topped up with more of these today following further analysis on the direction of wholesale electricity prices. Ave Day Ahead auction prices in Sept 2019 was 36.20 GBP/MWh compared to the higher 43.78 GBP/MWh in Sep 2020. October 2019 was 36.87 GBP/MWh compared to October 2020 so far of 43.26 GBP/MWh. Prices are well up from the lows of 24.18 and 22.27 GBP/MWh last Apr and May. Gives confidence in continued div payment level. FSFL looks cheaper than other Renewable Energy Infra. Funds. TRIG for example premium to NAV approx 20% compared to FSFL approx 10% so hopefully also room for a little cap appreciation too.
ec2
07/10/2020
14:08
Well, maybe today's RNS helps explain the depressed price - Newton have sold done 3% of shares in issue.
rustle2
05/10/2020
16:09
Wholesale electricity prices look to be starting to come back from their lows of earlier in the year. Have pick some of these up today whilst they look less loved compared to other renewables at present. Nice ex-div due at the end of this month.
ec2
25/9/2020
17:08
Hold 3 other renewable trusts. Not holding here, but this does seem unloved at present. Looks like a good price to buy at though.
gateside
25/9/2020
15:47
Five sizeable buys, collectively totalling 6,954,691 shares @103.56p between 12.00 and 12.30pm today. No impact upon the shareprice at all !
masurenguy
03/9/2020
07:32
29 October @1.73p
masurenguy
19/7/2020
20:04
Next ex-div date anyone? This month or next?
rustle2
18/5/2020
09:07
bought here this am - for my income pot
nimbo1
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
gateside
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!
nimbo1
11/5/2020
23:10
NESF being sold off as well.Other renewables doing fine.
gateside
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.
nimbo1
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.
llef
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.
masurenguy
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.....
rik shaw
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
nickelmer
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
nerja
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.
lord mandelbaum
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.
ec2
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