Foresight Sustainable Fo... Share Discussion Threads

[chucko1] 03/12/2021 12:47

I agree, although there still seems to be a large seller with more to do, but at a more considered pace.

[cc2014] 03/12/2021 12:06

Looks like we are on our way now

[chucko1] 02/12/2021 13:33

CC, the picture you are painting seems pretty credible. Many thanks.

[cc2014] 02/12/2021 13:17

#21 I agree. Looks like one holder selling against the flow of all other trades.

Not so sure the holder ever read the prospectus. As discussed earlier in the thread looks to me more like someone buying on credit to stag them and now they can't put up the capital and are a forced seller. Clearly they aren't being margined out completely as it seems like they've decided they are in no particular hurry as long as they are getting 89.05. (which might fit with my buy from yesterday morning at 89.2p which still hasn't been published, although I'm wondering if it has been put through after hours yesterday as there is one for the same volume but at a different price)

[jonwig] 02/12/2021 12:07

I wouldn't read new Covid variants as particularly negative for the business, and maybe carbon credits will be more than a marginal positive.

I see ii are to be part of the abrdn group, for what it's worth. Anyway, I'll be using them less and CSD more.

[chucko1] 02/12/2021 11:23

The multiples of 10k going at bid side (89.03). Suggests a large holder did not want so many after all. Should have read the prospectus although a shame that omicron was news at the wrong time.

As they say, if you liked them at 100 ...

[jonwig] 02/12/2021 11:03

I've bought with no problem via Chas Stanley Direct. The price was 89.98 so marked here as a sell. Trading might be more two-way than it looks.

[cc2014] 02/12/2021 08:10

HL allowing online purchasing today.

[livewireplus] 01/12/2021 19:42

Thanks for info re HL & AJ Bell. Strange about ii - they allowed you to buy for IPO - but you can't presently buy more as no KID

[flyer61] 01/12/2021 16:12

HL allows buys...you have to phone however you get online dealing rates!

[magrah6] 01/12/2021 15:27

Just confirmed that A J Bell will allow buys - so it appears as if HL, II and Iweb are all behind the curve on this!

[jonwig] 01/12/2021 15:15

magrah - I've tried to buy through ii and they won't trade as "no KID is available". They tell me they haven't received it from Morningstar, despite it being offered at the IPO and being on the FSF website. I suspect your problem with HL is the same.

After 30 mins on the phone to ii I ended up threatening to move all our investments away. The poor chap at the other end couldn't of course promise anything.

[magrah6] 01/12/2021 15:00

HL will not let me buy any more shares!

[flyer61] 01/12/2021 14:41

In at 89.98 through HL.

[gbcol] 01/12/2021 14:27

You can buy through AJ Bell too which is what I have done (IPO and subsequently)

[cc2014] 01/12/2021 13:44

#9 I bought through HL.

[livewireplus] 01/12/2021 12:43

So, if I may please ask - which broker did you use to add? Seems some brokers not dealing in this presently as they advise no KID document available yet.... :-(

[cc2014] 01/12/2021 12:02

So, some more thoughts. I assume this is someone being margined out because a 10% fall in a few days is too much. The sells just keep coming. Perhaps we have some PI's bailing because they don't like the trend.

However, here is the lumber chart. You can read this as you will but as far as I can tell the fund was launched in early November when lumber was around $600. It fell a bit from there but today it's $824 and up significantly from the low of $520 on Nov 15th. Yes up 58%.

Now you can choose some early points for your base if you wish, but lumber is still higher than at any point since July. For the chartists it looks like an inverted head and shoulders to me on the long term chart




I would appreciate any insight on to the price weakness

[cc2014] 01/12/2021 11:23

I applied in IPO and of course got full allocation.

I had some concern it would be undersubscribed and it might fall back to 98p or perhaps even 95p over a couple of months, so the first few days didn't concern me. I didn't want to miss out though or get scaled back as I like the diversification from the rest of my portfolio


I've added decent volume at 89.2p which I'm sure will appear later. I was a little suprised at the price I was offered but took it nevertheless.


We will see what happens next. I can't see Foresight being happy with the share price staying down here. It's bad for future business. 95p is the minimum they need to get it back to.

[jonwig] 26/11/2021 17:52

Some holdings have appeared:

Significant holdings at 26-11-21 (total 130m shs):

Blackmead Infrastructure ... 38,575,749 29.7%
Rathbone Nominees ........... 8,355,729. 6.4%
City Bradford Pens Fund ..... 8,000,000. 6.2%

EDITED:

Blackmead Infrastructure Limited (a wholly-owned subsidiary of the Foresight Inheritance Tax Fund) has committed to make a cornerstone investment in the Initial Issue of 29.99 per cent. of the Company’s Ordinary Shares on Initial Admission subject to a maximum investment amount of £59.98 million and to possible scaling back in the event of the over subscription of the Initial Issue. Consequently, following Initial Admission, as at the date of this document, the Company is aware that Blackmead Infrastructure Limited would directly or indirectly hold 29.99 per cent. of the Company’s voting rights.

Sorry for the earlier implication.

[gbcol] 25/11/2021 09:27

I bought into the IPO and got a few more yesterday as it gives a bit of diversity to my portfolio and hopefully a decent income stream. Not expecting startling returns but could be a useful slow-burner (to use a rather inappropriate pun).

[mw8156] 24/11/2021 19:38

very well written prospectus,#except rather bashful about the forests they're acquiring from the in-house IHT free forestry fund,
plenty of competition in UK forestry for assets,
fund doesn't benefit from IHT breaks unlike other less liquid offerings one could invest in,

[jonwig] 24/11/2021 12:36

Stagging on borrowed money, I guess.

I didn't take part either, as a couple of earlier timber investments were pretty feeble. But Foresight told a good story, so worth keeping an eye on.

Initial NAV 98p or more.

[gateside] 24/11/2021 12:29

Sells at 96pWhy take part in an IPO at 100p only to sell immediately at a loss?

[gateside] 24/11/2021 12:28

Didn't take part in the IPO as I figured it would be under subscribed and the price would fall.