FSF

Foresight Sustainable Forestry Company Plc

103.00
1.00 (0.98%)
Share Name Share Symbol Market Type Share ISIN Share Description
Foresight Sustainable Forestry Company Plc LSE:FSF London Ordinary Share GB00BMDPKM71 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.98% 103.00 43,831 16:35:01
Bid Price Offer Price High Price Low Price Open Price
100.00 103.00 103.50 100.00 103.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Trust,ex Ed,religious,charty 11.02 8.79 - - 133.90
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 498 103.00 GBX

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Date Time Title Posts
11/5/202307:20Foresight Sustainable Forestry Company113

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Foresight Sustainable Fo... (FSF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:01103.00498512.94UT
15:25:55100.003838.00AT
15:25:18103.0044.12AT
15:03:44100.951,2601,271.94O
13:54:59103.0033.09AT

Foresight Sustainable Fo... (FSF) Top Chat Posts

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Posted at 30/3/2023 08:03 by jonwig
Portfolio activity:

https://www.investegate.co.uk/foresight-sustain.--fsf-/rns/completion-of-three-acquisitions/202303300700056969U/

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:

https://fsfc.foresightgroup.eu/shareholder-centre

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 20/1/2023 11:41 by cc2014
This has lost its froth and we are getting back close to the IPO price.

I like this fund, but I struggle to value it with confidence.

There don't seem many buyers around and I'm not tempted yet.

Posted at 19/1/2023 08:13 by jonwig
They've spent up:

https://www.investegate.co.uk/foresight-sustain.--fsf-/rns/full-deployment-of-equity-and-eleven-acquisitions/202301190700072024N/

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.

Posted at 15/12/2022 08:24 by jonwig
FY results issued after hours yesterday:

https://www.investegate.co.uk/foresight-sustain./fsf/full-year-results-to-30-september-2022/202212141817057586J/

Not best practice!

Looks good on a first reading. Includes a lot on carbon markets and climate-related issues, which I ought to be reading but haven't done!

Posted at 05/12/2022 08:37 by jonwig
Interesting RNS about the VCM. I'm not sure about its significance, but the company is pleased:

https://www.investegate.co.uk/foresight-sustain.--fsf-/rns/fsf-the-1st-company-to-receive-lse-vcm-designation/202212050830015112I/

Posted at 15/11/2022 07:22 by jonwig
Updated NAV statement. (Link in header news section.)

Looks quite a significant increase to 105.0p. The "mark to market" aspect might be a bit dubious (market, what market?) but carbon credits seem to be playing a big part in the calculations.

I see the share price rose yesterday, so maybe there won't be more to go for today? I'm wondering if theyll be itching for another fundraising - last one was June.

REsults and presentation 14 December.

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