Foresight Solar Share Discussion Threads

[rik shaw] 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.....

[nickelmer] 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

[nerja] 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

[lord mandelbaum] 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.

[ec2] 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.

[lord mandelbaum] 15/1/2020 15:22

Good trade, I'm also attempting similar with UKW, TRIG, GRID, WHR etc, to essentially hold but spot an opportunnity for an extra 2% or 3% a year with a timely trade. Takes patience though!

Additionally, there were quite a few of these opps last year whenever the various funds recapitalised, I wonder if we'll see the same number of these in 2020.

[ec2] 15/1/2020 12:27

Bought back as price drifted back bring premium below 15% plus future interest rate expectations have reduced slightly creating a further positive for the stock.

[ec2] 30/12/2019 10:35

Took some profits due to the 17.77% premium.

[robow] 19/12/2019 12:46

from Shares

main feature article
Big companies with big decisions to make in 2020


WILL FORESIGHT SOLAR ENTER THE SUBSIDY-FREE MARKET?

Next year could prove momentous for the Foresight Solar Fund (FSFL), which makes money by selling power from its solar farms to electricity suppliers and it recently entered the FTSE 250. Thanks to increasing momentum behind renewable energy, building and running a solar farm in the UK is now becoming an economically viable thing to do without needing to rely on government handouts.

This is something which could transform the industry and its growth potential going forward. Yet in addition to reviewing investment opportunities in UK subsidised solar markets, the investment manager Foresight is closely monitoring the development of subsidy-free markets in Spain, Portugal and the UK. This area has developed rapidly in Southern Europe, where a number of relevant transactions have been announced in Spain and Portugal, so 2020 might just mark the fund’s debut foray into the subsidy-free arena.

[robow] 18/10/2019 09:28

Featured in this weeks Shares magazine
'Why this solar fund is a great portfolio addition'

[steve73] 10/10/2019 09:14

Odd that the market price has dropped below the placing price of 119p which was oversubscribed according to the RNS.
Does not seem to have been quite as popular as TRIG's recent placing...

[nerja] 10/10/2019 08:45

Topped up at 118p below placing sale going on

[steve73] 01/10/2019 11:12

Another fund raise here today.... There must be plenty of good opportunities around, or maybe they're all just making hay while Greta is shining...

[lord mandelbaum] 21/9/2019 10:24

9 million volume and a leg up to 126p to close the week.

Very pleasing but can anyone knowledgeable comment on this? The premium over NAV is already large.

[11_percent] 30/8/2019 19:54

Hi guys, I am after some info.

Is it the case that you can no longer get planning permission for onshore wind turbines in Scotland.

Cheers.

[zero the hero] 05/8/2019 07:23

Not holding these atm



"The new financing comprises a £170 million term loan facility, a £65 million revolving credit facility ("RCF") and a £10 million debt service reserve facility. The £170 million fully amortising term loan facility will expire in March 2036"

[a0002577] 28/6/2019 11:35

Don't know, Steve, but sold all of mine to buy back in at a lower price. All of the Green Infrastructure funds seem toppy to me so am out of all of them except GORE.

[steve73] 28/6/2019 05:11

BSIF had a good rise yesterday.. anyone know why..? I.e. was it specific to them or might we expect a bit more today?

[a0002577] 06/3/2019 10:29

Released full year results this morning - quite creditable results

Nav : 111.2
Dividend increase to 1.69 pence quarterly
Next ex Div 10 May
Next Payment : 24 May

SP moved a little to 114.5 bid and 115 offer leaving it at a 3.5% (ish) premium to NAV which is well below the sector average and a yield of 5.9% (ish) which is close to the highest. Dividend is well covered and the NAV seems to have been arrived at with conservative assumptions.

They do not seem to have gone through the same exercise as UKW and TRIG by extending the life of the assets (thereby increasing NAV) becasue they have already done it but there is still some upside here for FSFL.

Currently I am not sure which is the better buy in this sector BSIF or FSFL so I am happily holding both but will buy more FSFL as and when finds are available.

[a0002577] 24/9/2018 16:07

So today FSFL got authority to place a lot of shares at the AGM. Will that knock the price? My guess is yes, so sold a tranche today (which was marked as a buy because my broker got a good price). Am bettng that either I can take part in the placing or I can buy them back for a lower price - we shall see.

[rustle2] 05/9/2018 10:43

I'm naturally suspicious about selling assets from Foresight Group to FSFL. It sounds good having exclusivity over the deal ;) I don't have a feel on whether it's a good deal but I'm sure it's good for the management fees ...

Won't stop me holding though.

[cyfran101] 04/9/2018 23:50

Thought Australia was a great next step to diversify into non reliance on subsidies but federal issues seem to make for uncertaimty there. The uk market is limited from here bar battery developments.

[rambutan2] 24/3/2018 20:22

Plenty to read in the AR: