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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 Shares Traded Last Trade
  1.60 1.37% 118.40 807,559 16:35:06
Bid Price Offer Price High Price Low Price Open Price
117.80 118.80 118.80 117.20 117.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 38.07 117.89 19.37 6.1 722
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:06 UT 13,629 118.40 GBX

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Date Time Title Posts
30/6/202208:16Investment Trusts as an Annuity64
16/6/202207:14Foresight Solar Fund makes its London debut210
30/7/202116:21Solar Solar-

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DateSubject
03/7/2022
09:20
Foresight Solar Daily Update: Foresight Solar Fund Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker FSFL. The last closing price for Foresight Solar was 116.80p.
Foresight Solar Fund Limited has a 4 week average price of 113.80p and a 12 week average price of 111.20p.
The 1 year high share price is 124.40p while the 1 year low share price is currently 98.40p.
There are currently 609,773,916 shares in issue and the average daily traded volume is 1,225,044 shares. The market capitalisation of Foresight Solar Fund Limited is £721,972,316.54.
16/6/2022
07:14
rik shaw: Dividend declaration hTtps://uk.advfn.com/stock-market/london/foresight-solar-FSFL/share-news/Foresight-Solar-Fund-Limited-Declaration-of-Divide/88377416
07/6/2022
07:45
gateside: Just missed out on the cut due to the rumours of a windfall tax on renewable energy knocking the price back. So FSFL remains in the FTSE Small Cap index for now.
25/5/2022
15:30
gateside: Thanks jonwig Good to see that JLEN are already in the FTSE250 as of last week. Also own FSFL and Merchants Trust and it looks like both are moving up.
16/5/2022
17:13
cwa1: Cancellation of Scrip Dividend On 29 April 2022, the Company announced a scrip reference price of 113.72 pence per new Ordinary Share under the Company's scrip dividend alternative for the third interim dividend for the financial period ending 31 December 2021 (the "Q4 Dividend"). In light of the Company's Net Asset Value ("NAV") per ordinary share being greater than the scrip reference price, the Board has exercised its discretion to cancel the scrip dividend alternative in respect of the Q4 Dividend. Those shareholders who elected to receive the Q4 Dividend as scrip alternative will instead be paid in cash on 27 May 2022 and, should they so wish, can choose to apply the cash dividend in acquiring additional Ordinary Shares in the secondary market. The Board will continue to assess the possibility of offering scrip dividends with respect to future quarterly dividends where the scrip reference price is above NAV per ordinary share.
03/5/2022
09:34
davebowler: Liberum; Foresight Solar Fund / Greencoat Renewables Increased power price forecasts and inflation drive large NAV upgrades FSFL: Mkt Cap £694m | Share price 113.8p | Prem/(disc) -2.8% | Div yield 6.1% GRP: Mkt Cap £1,131m | Share price €1.18 | Prem/(disc) 8.7% | Div yield 5.1% Event Foresight Solar Fund and Greencoat Renewables have reported large NAV upgrades in Q1 2022 due to rising forward power prices and increased near-term inflation assumptions: Foresight Solar Fund has reported a NAV per share of 117.1p at 31 March 2022, representing a 9.8% NAV total return in Q1. The company's NAV total return over the last 12 months is 35%. The main cause of the NAV increase was an upward revision in short- and medium-term power price forecasts, adding 5.4% to NAV. New fixed price PPAs for periods between 2022 and 2025 added a further 0.7% to NAV. At 31 December 2021, FSFL's long-term inflation assumption was 3% and the figure for the remainder of 2022 has increased to 5%, adding a further 1.9%. Revenue generation was 30% above budget in Q1. Gearing was 42.6% of GAV at 31 March 2022 and the company is reviewing a pipeline of battery storage and subsidy free solar projects. Greencoat Renewables generated a 4.8% NAV total return in Q1 2022, predominantly due to higher inflation assumptions in 2022 (2.9% NAV impact). Power generation was 5% below budget in Q1 due to low wind speeds, but actual revenue generation still added 2.9% to NAV as a result of the elevated power environment. These gains were partially offset by reductions to long-term power prices and other assumptions (-1.9% NAV impact). We estimate a gearing level of c.40% of GAV following the recent €282m equity raise and acquisitions. Liberum view Today's upgrades follow Greencoat UK Wind's 13.2% NAV return for Q1 (announced last week). The majority of the peer group is also likely to report NAV upgrades in the coming weeks. We also note that forward power prices have continued to rise in the period since 31 March 2022, particularly for 2024 and 2025, suggesting further upside in Q2. Many of the funds have incorporated a discount to their near-term forward power price assumptions to reflect heightened volatility (TRIG and UKW previously indicated a discount of c.20% in addition to the effect of cannibalisation), creating the potential for actual generation to outperform budget
03/5/2022
07:16
masurenguy: Wow - hopefully that will be reflected in the shareprice today "As at 31 March 2022 its unaudited NAV was £714.4m (31 December 2021: £660.0m), resulting in a NAV per Ordinary Share of 117.1 pence (31 December 2021: 108.2 pence per share). The Company's Portfolio surpassed expectations for the quarter with global revenues over 30% above budget. The key drivers are higher than forecast production and merchant power price sales. Generation was particularly strong in March with corresponding cash receipts due to flow through in Q2 2022."
18/3/2022
08:09
masurenguy: Strong set of results and forward looking statement Annual Results for the year ended 31 December 2021. Highlights -- NAV increased to GBP660.0m (31 Dec 2020: GBP582.2m), driven by strong UK power prices, above budget inflation and a reduction in discount rates, resulting in a 12.9% increase in NAV per share to 108.2 pence (31 Dec 2020: 95.8 pence); total NAV return for the year, assuming reinvest of dividends paid, of 21.4% -- Strong power prices meant total revenues and EBITDA were 16% and 22% ahead of budget, respectively, although electricity generated by the global portfolio was 5.3% below base case for 2021. Earnings per share were 19.7 pence for the period (31 Dec 2020: - 1.2 pence) -- UK operational assets, accountable for 76% of electricity generated by the total portfolio in 2021, performed strongly. UK assets benefitted from higher irradiation levels, resulting in the portfolio generating 1.0% above budget -- Although the Australian portfolio experienced challenges with low irradiation, curtailment and negative pricing resulting in electricity generation for the year being 20.7% below budget, the situation is expected to improve in the first half of 2022 as specific grid issues are resolved -- Construction of the Company's Spanish projects progressed well during the year, with site facilities now substantially complete at each of the four locations; ten-year purchase power agreement signed for the 98.5MW Lorca project in Granada -- Good progress on diversification strategy with first investment in battery storage systems (the 50% acquisition of 50MW Sandridge project in May 2021); the Company successfully acquired the remaining 51% interests in Oakey 1 and Longreach operational solar farms in Queensland, Australia (24MW) -- Global portfolio generated 903,000 MWh of clean electricity, enough to power 311,379 UK homes avoid 697,116 tonnes of carbon emissions -- Total dividends of 6.98 pence per share were declared for the year, with a target dividend of 7.12 pence per share for FY2022 (an increase of 2.0% compared with 2021). Dividend cover for 2021 was 1.21x and for 2022 is forecast as 1.25x based on contracted revenues alone. Key Metrics As at As at 31 December 2021 31 December 2020 ------------------- ------------------- Net Asset Value ("NAV") GBP660.0m GBP582.2m ------------------- ------------------- NAV per Share 108.2 pence 95.8 pence ------------------- ------------------- Gross Asset Value ("GAV") GBP1,172.0 million GBP1,054.6 million ------------------- ------------------- Total Dividend per Share for 6.98 pence 6.91 pence the period ------------------- ------------------- Annualised Total Shareholder Return since IPO 5.90% 5.90% ------------------- ------------------- Commenting on the Company's results, Alex Ohlsson, Chairman of Foresight Solar Fund Limited, said: "I am pleased to report a strong performance by Foresight Solar in 2021. We made good progress on our strategy of revenue and geographic diversification and further enhanced our sustainability efforts, while a total NAV return for the year of 21.4% and earnings per share of 19.7% were significantly ahead of budget and represent an excellent financial performance. Strong cash generation meant that we have been able to comfortably pay our target dividend, as we have done every year as a listed company, and I am pleased to announce an increased dividend target for 2022 of 7.12 pence per share that also benefits from improved dividend cover. We made our first battery storage investment last year, and our UK solar portfolio delivered another year of solid operational performance. Portfolio performance in Australia is expected to improve in the first half of 2022 as specific external factors which negatively impacted operations last year fall away. In Spain, we have made good progress on our subsidy-free solar projects which are expected to become fully operational and to contribute to portfolio generation in the first half of this year. Looking forward, we can see a strong pipeline of solar projects and opportunities in the UK and Spain, as well as a burgeoning market for corporate PPAs, while on the battery storage front we are reviewing a stream of greenfield projects being brought to the market. It's an exciting pipeline of opportunities which, along with the ongoing global transition to renewable energy and our proactive hedging strategy, gives us confidence for 2022 and beyond."
09/3/2022
07:55
jonwig: Quite a turnaround. With the new target dividend, they are yielding more than their peers, which ought to send the share price higher. Here's the link. https://www.investegate.co.uk/foresight-solar-fund--fsfl-/rns/annual-results-to-31-december-2021/202203090700111135E/
09/3/2022
07:27
masurenguy: Great set of results Annual Results to 31 December 2021 -- NAV increased to GBP660.0m (31 Dec 2020: GBP582.2m), driven by strong UK power prices, above budget inflation and a reduction in discount rates, resulting in a 12.9% increase in NAV per share to 108.2 pence (31 Dec 2020: 95.8 pence); total NAV return for the year, assuming reinvest of dividends paid, of 21.4% -- Strong power prices meant total revenues and EBITDA were 16% and 22% ahead of budget, respectively, although electricity generated by the global portfolio was 5.3% below base case for 2021. Earnings per share were 19.7 pence for the period (31 Dec 2020: - 1.2 pence) -- UK operational assets, accountable for 76% of electricity generated by the total portfolio in 2021, performed strongly. UK assets benefitted from higher irradiation levels, resulting in the portfolio generating 1.0% above budget -- Although the Australian portfolio experienced challenges with low irradiation, curtailment and negative pricing resulting in electricity generation for the year being 20.7% below budget, the situation is expected to improve in the first half of 2022 as specific grid issues are resolved -- Construction of the Company's Spanish projects progressed well during the year, with site facilities now substantially complete at each of the four locations; ten-year purchase power agreement signed for the 98.5MW Lorca project in Granada -- Good progress on diversification strategy with first investment in battery storage systems (the 50% acquisition of 50MW Sandridge project in May 2021); the Company successfully acquired the remaining 51% interests in Oakey 1 and Longreach operational solar farms in Queensland, Australia (24MW) -- Global portfolio generated 903,000 MWh of clean electricity, enough to power 311,379 UK homes avoid 697,116 tonnes of carbon emissions -- Total dividends of 6.98 pence per share were declared for the year, with a target dividend of 7.12 pence per share for FY2022 (an increase of 2.0% compared with 2021). Dividend cover for 2021 was 1.21x and for 2022 is forecast as 1.25x based on contracted revenues alone. Key Metrics As at As at 31 December 2021 31 December 2020 ------------------- ------------------- Net Asset Value ("NAV") £660.0m £582.2m ------------------- ------------------- NAV per Share 108.2p 95.8p ------------------- ------------------- Gross Asset Value ("GAV") £1,172.0m £1,054.6m ------------------- ------------------- Total Dividend per Share for 6.98p 6.91p ------------------- ------------------- Annualised Total Shareholder Return since IPO 5.90% 5.90% ------------------- ------------------- Commenting on the Company's results, Alex Ohlsson, Chairman of Foresight Solar Fund Limited, said:"I am pleased to report a strong performance by Foresight Solar in 2021. We made good progress on our strategy of revenue and geographic diversification and further enhanced our sustainability efforts, while a total NAV return for the year of 21.4% and earnings per share of 19.7% were significantly ahead of budget and represent an excellent financial performance. Strong cash generation meant that we have been able to comfortably pay our target dividend, as we have done every year as a listed company, and I am pleased to announce an increased dividend target for 2022 of 7.12 pence per share that also benefits from improved dividend cover. We made our first battery storage investment last year, and our UK solar portfolio delivered another year of solid operational performance. Portfolio performance in Australia is expected to improve in the first half of 2022 as specific external factors which negatively impacted operations last year fall away. In Spain, we have made good progress on our subsidy-free solar projects which are expected to become fully operational and to contribute to portfolio generation in the first half of this year. Sustainability has always been central to everything we do and, following an assessment of our entire portfolio, I am pleased to say that 100% of our assets are fully aligned with the EU Taxonomy's criteria for sustainable activities. Looking forward, we can see a strong pipeline of solar projects and opportunities in the UK and Spain, as well as a burgeoning market for corporate PPAs, while on the battery storage front we are reviewing a stream of greenfield projects being brought to the market. It's an exciting pipeline of opportunities which, along with the ongoing global transition to renewable energy and our proactive hedging strategy, gives us confidence for 2022 and beyond."
10/2/2022
18:02
speedsgh: HTTPS://citywire.com/investment-trust-insider/news/ftse-struggles-as-unilever-and-relx-stumble-after-results/a2379166 Foresight shines Foresight Solar (FSFL), up 1.5p to 100.9p, basked in the glow of a strong fourth-quarter update showing a 3.9% investment return helped by higher-than-expected inflation, rising power prices and a hike in the valuation of its Australian assets. Analyst Iain Scouller at Stifel, FSFL’s joint broker, was positive on the shares, which he said were ‘mispriced’ on an 8% discount to net asset value (NAV) given their 7% dividend yield covered 1.2 times by the cash generation from high power prices. ‘The one area of caution is leverage [borrowing], which is 78% of NAV. The managers say the pipeline is strong. However, it currently appears difficult to fund acquisitions given share issuance is not currently possible with the shares on a discount to NAV,’ said Scouller.
Foresight Solar share price data is direct from the London Stock Exchange
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