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Share Name | Share Symbol | Market | Stock Type |
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Foresight Sustainable Forestry Company Plc | FSF | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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97.00 |
Industry Sector |
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FORESTRY & PAPER |
Top Posts |
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Posted at 18/12/2023 08:50 by apollocreed1 How does FSF make money? Is it just from selling lumber? |
Posted at 09/11/2023 16:28 by rambutan2 Nav chopped by the inevitable correlation:As at 30 September 2023 the Company's unaudited NAV was GBP169.2 million (31 March 2023: GBP186.6 million), resulting in a NAV per Ordinary Share of 98.4 pence, equivalent to a 9.3% reduction. |
Posted at 13/6/2023 06:18 by jonwig Interims -Look very sound, from a cursory glance. Look forward to dividends (carbon credit-based) from 2030! |
Posted at 30/3/2023 07:03 by jonwig Portfolio activity:Currently ungeared, which is reassuring. |
Posted at 23/1/2023 09:34 by jonwig Lack of yield could be driving this down. Renewables generally have been sold down in favour of gilts. I'm not particularly fussed.The annual report was recently published. Download from here: Voluntary carbon Credits (VCCs) are a potentially interesting feature. • £0.6m progress made to date. • I think each VCC is conservatively valued at between £14 and £35. (From AR numbers.) • Current estate looks like it has potential worth of £14m in VCCs in addition to harvesting and land value appreciation. There's lots more about the carbon market in the AR. FSF provides access to a fairly uncorrelated asset class and a market which is still in its infancy but has potential. I'm happy to have around 2% of our portfolio invested here. |
Posted at 23/1/2023 09:09 by cc2014 I'm not bothered about the yield. It takes 35 years to grow a tree and you can't cut a few branches off each year for the dividend.To me the total return is more important than yield although I get some people want a steady income stream (although you could sell something each year to achieve the same) At the margin as a 20% tax payer, the CGT is more than the dividend rate although before Mr Hunt got greedy the CGT allowance was helpful. 96p to buy as I write. I'm not sure what I think about that. Catching falling knifes is difficult. Based on the US price of Lumber which I know is a bad proxy but the best proxy I have right now 96p doesn't look exciting to me. I could be wrong, that happens reguarly. |
Posted at 21/1/2023 20:23 by gateside The lack of dividend, has always put me off investing here too. |
Posted at 19/1/2023 08:13 by jonwig They've spent up:The next fundraising might be delayed! |
Posted at 16/12/2022 10:36 by c3479z yes, but I understand the WCC has introduced more stringent tests for creation of PIUs and subsequent WCCs. Will FSF be able to certify their created afforestation carbon credits through another agency? Same problem faced by all forestry commercial afforestation projects. |
Posted at 15/12/2022 16:51 by c3479z Interesting article about carbon credits on Kepler intelligence majoring on FSF.Not sure I understand how this will work in practice if the WCC doesn't relent over the afforestation changes it has introduced. |
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