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To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, through investment in ground based solar assets predominantly located in the UK.
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Added More yesterday as this div is to good to miss.
GLALTH
I have cut and paste this information from
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=FSFL
FSFL Foresight Solar Fund FTSE 250 84.9p 1.895p Q4 2.23% 01-Mar-24FSFL 01-Mar-24 Dividend Announcement 25-Apr-24 24-May-24
WE will be in for another div in just under 1 month.
I will carry on adding at these suppressed levels as I see this as an excellent stream of income in the future.
GLA
Nah... I usuall split mine up a bit!!
So was that you with the quarter of a million trade at 10:13 this morning?
I have added today. The sp seems just too low...
Took my first batch of these yesterday, will continue to add under 88p.
Hopefully buy backs will continue which should close the discount, while getting a decent yield, future lower interest rates will have a positive effect also.
I'm thinking of moving these into my ISA in the coming financial year.
Sold mine after it went ex div now back in with the extra div payment. I see this as a long term play but now want to get in and out instead of just letting my investments sit there.
GLA LTH
Well the first lot didnt go as expected so added a second lot to the mix
Hi all
My first foray into these. Needing a home from selling some EPIC. Hopefully these should compensate a little bit. I will miss the monthly option compared to the quarterly here but the yield is close and will hopefully rise over time.
Market makers not moms lol
L
Wouldn’t surprise me if it’s to do with the share buyback. Mom’s have to replenish their books and sure fire way to do that is to gradually drop the price and scare investors into selling…...
Still, at 84p it’s around 9% div yield….supported by a Rock solid business that is only going to go one way….
The lower it gets the more I buy…
L
Indeed - the fall is a bit of a mystery, but GSF, NESF, SEIT etc are also down heavily.
My guess is that it's due to today's rapid rise in the US/UK 10y bond yields.
It's currently down nearly 5% on the day. I can't find any specific reason. Nothing on the company website since June, apart from notices of share buybacks. Well, at least they're buying back at low prices!
It's not the only renewables/infrastructure company to suffer sudden unexplained falls. Gore Street (GSF) was well down last week, and I took advantage to buy some.
I'm tempted to buy more FSFL, but I've already got a large position, so I'll probably just wait.
Im Currently nursing a 11% loss with FSFL but im confident that the stock will rally towards the end of the year.
As a long term holder its just a case of deciding when to top up, so i will be chart plotting to look for an opportunity in the new year.
GLA.
Yes, it looks like a good time to buy. But it also looked like a good time when I bought a month or so ago, and it's down 10% since then!
Looks like a good time to buy with record date for 2nd quarterly dividend only a few days away
L.
All looking good to me:
"Foresight Solar continued to deliver strongly against its core operational and financial objectives, despite the challenging macroeconomic environment in the first half of the year. Electricity production across the portfolio was 2.8% above budget, driven by strong operational performance and good irradiation, and, with assets in all geographies performing well, cash generation was exceptionally strong."
"We are well on track to deliver our 7.55 pence per share dividend target for 2023. Based on the strong cash distribution from the portfolio and the certainty provided by the high levels of near-term energy price hedges, we forecast a 1.5 times dividend cover to at least 2025 on a cash covered basis."
Interesting that Legal & General have just bought a 4.96% holding.
Good to see 2 Non execs of FSFL forking out £50,000 and £15,000 respectively on FSFL shares. Interim results due on 14th. September. I wonder if they know good news is coming?
Edison flash report on FSFL.
All continuing to look rock-solid here: No doubts about the dividend for the foreseeable:
"The proportion of contracted revenue for the global portfolio now stands at 90% for 2023, 85% for 2024 and 75% for 2025. This active hedging strategy has substantially insulated Foresight Solar from the fall in near-term merchant power prices. The revenue stability and solid cash distribution also provides confidence in the targeted 1.5x dividend cover for the next three years."