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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
|
|
|---|---|---|---|---|---|
| 3.00 | 3.64% | 85.40 | 2,981,431 | 16:35:19 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 83.90 | 84.50 | 85.70 | 82.30 | 82.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 11.12M | 3.01M | 0.0054 | 156.67 | 458.59M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:48:29 | O | 7,923 | 85.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/6/2025 | 12:26 | UK RNS | Foresight Solar Fund Limited Results of 2025 Annual General Meeting |
| 17/6/2025 | 12:26 | UK RNS | Foresight Solar Fund Limited Directorate Change |
| 13/6/2025 | 11:39 | UK RNS | Foresight Solar Fund Limited Director/PDMR Shareholding |
| 05/6/2025 | 07:00 | UK RNS | Foresight Solar Fund Limited Dividend Declaration |
| 03/6/2025 | 16:59 | UK RNS | Foresight Solar Fund Limited Transaction in Own Shares |
| 03/6/2025 | 08:42 | UK RNS | Foresight Solar Fund Limited Holding(s) in Company |
| 02/6/2025 | 17:01 | UK RNS | Foresight Solar Fund Limited Transaction in Own Shares |
| 30/5/2025 | 16:59 | UK RNS | Foresight Solar Fund Limited Total Voting Rights |
| 30/5/2025 | 16:56 | UK RNS | Foresight Solar Fund Limited Transaction in Own Shares |
| 29/5/2025 | 17:03 | UK RNS | Foresight Solar Fund Limited Transaction in Own Shares |
Foresight Solar (FSFL) Share Charts1 Year Foresight Solar Chart |
|
1 Month Foresight Solar Chart |
Intraday Foresight Solar Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/6/2025 | 17:04 | Foresight Solar Fund makes its London debut | 565 |
| 13/6/2025 | 13:37 | Investment Trusts as an Annuity | 264 |
| 30/7/2021 | 16:21 | Solar Solar | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:48:31 | 85.40 | 7,923 | 6,766.24 | O |
| 15:47:03 | 85.27 | 13,205 | 11,259.77 | O |
| 15:35:19 | 85.40 | 1,008,019 | 860,848.23 | UT |
| 15:29:40 | 84.34 | 11,851 | 9,995.61 | O |
| 15:29:04 | 84.20 | 11,871 | 9,995.31 | O |
| Top Posts |
|---|
Posted at 20/6/2025 09:20 by Foresight Solar Daily Update Foresight Solar Fund Limited is listed in the Finance Services sector of the London Stock Exchange with ticker FSFL. The last closing price for Foresight Solar was 82.40p.Foresight Solar currently has 556,538,445 shares in issue. The market capitalisation of Foresight Solar is £470,831,524. Foresight Solar has a price to earnings ratio (PE ratio) of 156.67. This morning FSFL shares opened at 82.50p |
Posted at 20/6/2025 14:31 by melton john 102.6016p per share offered (previous share price: 83p) by DORE’s largest shareholder.Further proof that trusts have been undervalued on the LSE? (Graham Neary, Stocko) |
Posted at 17/6/2025 17:18 by cwa1 The board is encouraged that a significant majority of shareholders voted for the continuation of Foresight Solar and is grateful to shareholders for supporting its recommendations. The directors acknowledge that 52,415,503 votes, representing 8.59% of Foresight Solar's total issued Ordinary Shares and 13.62% of the valid votes at the AGM, were cast in favour of Resolution 15 and for the discontinuation of the Company in its current form.Since the beginning of 2024, the board and its advisors have intensified their active engagement programme and have regularly consulted with shareholders to better understand their views and priorities. Throughout that time, investors have expressed a range of preferences to address the headwinds affecting the renewables infrastructure investment trust sector. The directors have sought to allay those concerns and deliver the best possible outcome for the majority of shareholders - and will continue to do so. Alex Ohlsson, Chair of Foresight Solar, said: "Over the last 18 months, the board and its advisors have held more than 80 meetings with current, former and prospective investors to understand their views, discuss FSFL's income and growth strategy and to detail the actions in place to reduce the share price discount relative to the Company's net asset value. "We have been pursuing the potential benefits of consolidation, having made a proposal for a combination with another investment trust. We continue to explore all options available to deliver value for shareholders. In addition to that, we are executing one of the largest share buyback programmes in the sector relative to NAV; we are moving ahead with our phased divestment programme; we have strengthened Foresight Solar's balance sheet; and we have implemented a new fee structure to reduce costs for shareholders and better align the investment manager's incentives. "It is comforting to see a significant majority of investors has recognised these efforts and chosen to give the Company time to progress its strategic initiatives. We remain fully committed to deliver the best outcome for shareholders and will keep the market informed of next steps." |
Posted at 02/6/2025 10:05 by melton john LAST week's presentation by FSFL CEO which is worth a watch from half an hour in. Some interesting q and A after, particularly the one about covering divis from profits. I'm paraphrasing from memory but the CEO's answer was that asset valuations have been lowered by economic forces and this is reflected in the P&L giving an apparent low level of dividend cover, the cash flow however gives a true picture showing that divis are well covered. Hope my old head got that right. |
Posted at 24/5/2025 16:49 by spectoacc 6 letters through the door today, for myself, spouses (spice?), kids. Didn't realise I had FSFL in so many a/c's.But not a good use of shareholder funds, and all to keep directors in their jobs. How did they know the names/addresses when they're all held in nominee a/cs? However, I'm likely to vote against discontinuation, for the yield. |
Posted at 21/5/2025 07:09 by masurenguy Trading and strategic option considerations updatesForesight Solar announces its global portfolio performance to 30 April 2025 following the Q1 2025 Net Asset Value update earlier this month. Electricity production in the UK was 9.4% above budget, reflecting strong irradiation in March and April. Despite limited solar resource at the start of the year and prolonged network outages at several large sites, the portfolio in the Company's main market performed well in the two subsequent months to deliver this outperformance. Excluding network outages, generation was 12.4% higher than expected. In Spain, grid outages added to poor weather conditions, resulting in production 11.7% below forecasts. Lower irradiation also proved an issue in Australia, where higher-than-expected curtailment combined to stifle production, which was 11.1% below expectations. Overall, generation for the global portfolio was 0.3% above budget to 30 April 2025 and is tracking ahead of forecasts on projections for the full year. Excluding network outages, global production was 1.9% higher than expected. The investment manager continues to implement the Company's active hedging strategy to secure advantageous prices, ensure income visibility and support dividend cover. Price hedges at levels accretive to dividend cover, including forward fixes and fixed volume financial derivatives, were agreed, bringing the average hedged price for the UK portfolio to £85.48/MWh in 2025, £82.50/MWh in 2026 and £79.80/MWh in 2027. Total contracted global revenues have increased to 88% for calendar year 2025, 71% for 2026, and 62% for 2027. This approach provides confidence in the 1.3x dividend cover target for this year. Alex Ohlsson, Chair of Foresight Solar, said: We're confident our operational projects, combined with our active power price hedging strategy, will continue to generate reliable cash flow to support our dividend payments, delivering on the income aspect of our investment objective - especially as negative power prices become more prevalent. On the growth front, we expect our proprietary development pipeline to start bearing fruit this year, with the first project in the Cuerva solar pipeline reaching ready-to-build status in Spain and results from grid capacity awards of 400MWp of applications from the Chelion BESS partnership to be announced in the next few months. We're searching for projects in the UK that can enhance the opportunities our proprietary development pipeline already offers in Spain. The generalised disposal of assets among renewable infrastructure investment trusts to return capital to shareholders will result in a smaller sector with fewer participants. As previously outlined, the Board believes consolidation will be a major feature in the year ahead to create larger, more liquid vehicles that continue to provide investors with exposure to an appealing asset class. The directors are fully aware of the benefits that successful consolidation can deliver and have made a formal proposal that did not advance. We will continue to evaluate all options to maximise value for shareholders." |
Posted at 17/3/2025 09:02 by yump HEIT look like will get a cash offer at least 84p, significantly above recent share price, so that will be helpful evidence of undervalued renewables. |
Posted at 05/2/2025 16:06 by stevegrass777 Well every time they purchase shares they are forfeiting the dividend on that share,so it is self funding if our share price is low enough,eps goes up,roce goes up, dividend costs go down.Imagine it as if they are paying down a debt and once they have paid for it they no longer need to pay the quarterly interest payment. Financially it will make us stronger,and it doesn't mean we can't make deals in the future or add kWh production going forward. It's just the share price is so low it would be silly not to. |
Posted at 04/2/2025 14:54 by stevegrass777 Well if the share pric is below NAV which foresight is and the market refuses to price it at NAV then selling assets at NAV and buying shares at below NAV brings up roce and should bring the share price closer to NAV.So I disagree. If you were selling assets at NAV and buying shares at NAV fair enough.It would be pointless. But we are not. Undervalued companies do that. I think it drives up NAV per share as well. Your buying a pound for 70p by selling something for a pound that is worth a pound. I don't know,it sounds good to me. |
Posted at 18/12/2024 14:51 by llef I bought some FSFL for 113p back in Feb 2020, attracted by the yield, and thinking it was some sort of hedge for rising energy prices.Since then, I have received (from memory) about 33p of dividends, and the share price has fallen about 40p, It's obviously been a disappointment on both accounts! I seem to recall a couple of years ago, FSFL confidently asserting they were going to sell a couple of assets, to show the validity of their NAv calcs. As I recall, they did sell 1 Spanish asset, and used the cash for the buybacks, but then radio silence on further sales. Did further sales happen? Or did they update the market on why further sales did not happen? |
Posted at 28/9/2022 16:20 by ec2 BofE seems to be holding 10Y gilts at 4%. This makes renewable infrastructure funds between 5 and 10 pct undervalued at this level. FSFL that I sold out of yesterday at 110p, I have bought back in today at 104p. 4pct gilt yield would equate to FSFL share price of 114p. |
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