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FSFL Foresight Solar Fund Limited

85.10
-1.60 (-1.85%)
Last Updated: 08:30:28
Delayed by 15 minutes
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
  -1.60 -1.85% 85.10 85.10 86.50 85.10 85.10 85.10 52,039 08:30:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 162.99M 154.47M 0.2610 3.26 503.57M

Foresight Solar Fund Limited Q1 2021 Net Asset Value (7580Y)

17/05/2021 7:00am

UK Regulatory


Foresight Solar (LSE:FSFL)
Historical Stock Chart


From Apr 2021 to Apr 2024

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TIDMFSFL

RNS Number : 7580Y

Foresight Solar Fund Limited

17 May 2021

Foresight Solar Fund Limited ("the Company")

Q1 2021 Net Asset Value ("NAV")

Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV and Battery Storage assets in the UK and internationally, announces that as at 31 March 2021 its unaudited Net Asset Value was GBP558.7 million (31 December 2020: GBP582.20 million), resulting in a NAV per Ordinary Share of 91.9 pence (31 December 2020: 95.8 pence per share).

The decrease in NAV over the first quarter is largely attributable to a downward revision in the medium and long-term power price forecasts during the period (-2.3 pence per share) and the recent announcement of the increase in UK Corporation Tax to 25% from April 2023 (-1.3 pence per share), which is assumed to remain unchanged thereafter for the remaining useful economic life of the UK portfolio assets.

The Gross Asset Value ("GAV"), including Company and subsidiaries, as at 31 March 2021, was GBP1,023.5 million (31 December 2020: GBP1,054.6 million).

Dividend

The Company re-affirms its FY 2021 dividend target of 6.98 pence per share.

For further information, please contact:

 
 Foresight Group 
 Jonathon McManus                       +44 (0)20 3667 8147 
 (InstitutionalIR@ForesightGroup.eu) 
 
 
 Jefferie s International Limited    +44(0)20 7029 8000 
 Neil Winward 
 Gaudi Le Roux 
 
 
 Citigate Dewe Rogerson    +44 (0)20 7638 9571 
 Toby Moore 
 Elizabeth Kittle 
 Lucy Gibbs 
 

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END

NAVSFAESMEFSELI

(END) Dow Jones Newswires

May 17, 2021 02:00 ET (06:00 GMT)

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