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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Started: timst, 15 Jun 2024 20:09
Last post: timst, 15 Jun 2024 20:09
Solar modules deployed in France in 1992 still provide 79.5% of original output power
https://www.pv-magazine.com/2024/06/07/solar-modules-deployed-in-france-in-1992-still-provide-75-9-of-original-output-power/
Last post: legsofman, 13 Jun 2024 11:37
Yes, well spotted. I quoted Item 16 as a %. My error.
Hello legsofman,
It was actually 24.4% who wanted to terminate the trust according to the RNS disclosure. Obviously all short term investors expecting to make the quick profit if the trust had to sell all its assets. But it's far from clear it would be able dispose of its assets at NAV in the current climate.
More madness. AGM 16% wanting to shut this IT down. Still paying a Divi. Renewables still a climate change priority.
Divvy day .. Fully expect this to recover a bit over the next few weeks....
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
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...
Started: spindok, 26 Mar 2024 09:49
Last post: spindok, 26 Mar 2024 09:49
Nah... I usuall split mine up a bit!!
Started: Gerry557, 10 Jan 2024 11:28
Last post: Craigb, 22 Mar 2024 11:50
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.
Started: ians12345, 14 Feb 2024 18:06
Last post: ians12345, 14 Feb 2024 18:06
Started: CaneToad, 14 Sep 2023 07:42
Last post: Lazygun, 18 Oct 2023 20:58
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.
Started: Argadargada, 8 Sep 2023 16:50
Last post: Argadargada, 8 Sep 2023 16:50
Interesting that Legal & General have just bought a 4.96% holding.
Started: Argadargada, 14 Aug 2023 08:34
Last post: Argadargada, 14 Aug 2023 08:34
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?
Started: ians12345, 9 Aug 2023 22:40
Last post: Argadargada, 11 Aug 2023 10:12
Edison flash report on FSFL.
Last post: CaneToad, 9 Aug 2023 07:40
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."
Started: Lazygun, 19 Jun 2023 11:09
Last post: Gemlotte, 26 Jun 2023 20:07
Nicer price now
Nice price, nice divvy
Last post: spindok, 7 Apr 2023 13:23
I bought in at 106p two years ago and have had 4 dividends a year since. The dividends now earn dividends so the return has been ok. The SP has fallen back a bit which is disappointing but I am in for the long term.
Started: Gemlotte, 7 Apr 2023 10:26
Last post: Gemlotte, 7 Apr 2023 10:26
New to this share, the £100000 director buy would seem quite a vote of confidence,am i right in thinking this or is it a payment to him in shares?
Many thanks in advance
Started: spindok, 6 Apr 2023 16:58
Last post: Actuary63, 6 Apr 2023 19:09
What do you think of the 6% increase in the target dividend? Looks pretty weak given the rate of inflation and the previous 2% increase.
This goes ex dividend on the 20.4.23.... I have added today hence the slight fall... If you believe that.....
I would like to see a small reduction in the dividend to account for this. It would only need to reduced the dividend per share by around 0.64%. The dividend forecast is I believe 7.12p per share, so it would only need to drop to 7.075p per share to account for the windfall tax. Maybe less as the battery storeage side is unaffected by the windfall tax. I can't see shareholders making too much fuss about such a small drop.
It seems like a simple way to negate the issue which is caused by no fault of the business or the BOD. The business itself is just as good as it was, and I see it doing well going forward.
This any good.
From Proactive Investor:
Foresight Solar Fund Ltd (LSE:FSFL) will suffer a modest hit to its NAV following the introduction of the windfall tax on renewable generators on 1 January, it has announced.
In a statement following the fund, it confirmed its net asset value of £771.2mln (126.4p) in late September would be reduced by 0.8p due to the new 45% tax.
After Russia’s invasion of Ukraine saw energy prices skyrocket, low-carbon generators have been among companies enjoying hiked profits, leading the government to introduce the levy.
Foresight added in its statement that it’s solar assets will be affected by the levy, while its battery storage resources will not.
Odd that the share price falls after the NAV RNS. The impact of the levy isn’t that bad, but I would have liked some idea of the annual cash impact.
Started: spindok, 2 Mar 2023 11:02
Last post: spindok, 2 Mar 2023 11:02
Sooner or later the penny will drop that on shore wind has to be rolled out. Each day I pass a shopping centre and the wind turbine is usually flying. Villages and towns can all have their own and then there is no need for pylons... On windless days solar and water can help fill the gap with diesel and batteries as back up...
Started: Thommo566, 14 Feb 2023 11:14
Last post: Thommo566, 14 Feb 2023 11:14
I don’t understand what’s going on here. The share price has drifted to a large discount v the NAV, which looks conservative to me.
Started: jimbr, 17 Nov 2022 14:05
Last post: Scratch49, 20 Nov 2022 11:45
Section 5.3.3 from today's statement:
"Electricity Generator Levy – The government is introducing the Electricity Generator
Levy, a temporary 45% tax that will be levied on extraordinary returns from low-carbon UK
electricity generation. For the purposes of the tax, extraordinary returns will be defined as the
aggregate revenue that generators make in a period from in-scope generation at an average
output price above £75/MWh. The tax will be limited to generators whose in-scope generation
output exceeds 100GWh across a period and will only then apply to extraordinary returns
exceeding £10 million. The tax will apply to extraordinary returns arising from 1 January 2023
and will be legislated for in Spring Finance Bill 2023."
Going to back to the H1 RNS, average FSFL 2022H1 revenue was £106/MWh. And UK generation for H1 was ~500GWh -> electricity generation revenue of about 53M, of which (106-75)/106 = 29% will be deemed excessive. So that's 45% of (29% of 53M) = £7M off the 116M H1 profit. Ie about 6% reduction in profit after tax. This compares with current SP being 11% below NAV of 126p as of 30th Sept. Could be worse IMHO. HEALTH WARNING: Im not an accountant - please DYOR.
Started: Easy_Livin, 11 Oct 2022 17:25
Last post: Easy_Livin, 11 Oct 2022 17:25
buy, or will somebody now tell me it's a technically. Privately arranged transfer.
Last post: Thommo566, 26 Sep 2022 17:43
Big drops in the price in the past few days. Interest rates on the up I guess and that leaves the dividend yield less attractive. Still a hold for me.
Started: spindok, 27 May 2022 12:16
Last post: simonm, 13 Aug 2022 11:19
HL, seem to be getting slower on paying dividends.... Im up to 16 days on some shares, when other brokers are 3 days. Seems to be a running joke, If its paid on Thursday / Friday then it wont be seen the same week.
They seem to take offence when I question the amounts of money being held back and can they explain the difference.
Got mine on Friday (HL account)
Still waiting for mine to hit my HL account. HL are normally very good so it may not be their fault. Hopefully see it on Monday
Talking of payment day has anyone received their dividend yet, or are Hargreaves Lansdown being slow to credit client accounts ?
It’s payment day. Ex div was April.
Added to the FTSE250 index which may explain the rise. However all solar generators have had a good day.
Added here but is shows as a sell......Been in for a year and is a steady hold..
Started: MattTheBrave, 14 Mar 2022 17:21
Last post: MattTheBrave, 10 May 2022 16:17
Still going. Certainly doesn't seem any reason why this shouldn't go to a 10%-15% premium so 130p seems eminently possible in the short term.
...through 110p today. The elecy generators are fantastic inflation hedges, so I'm staying put here having bought most of my holding below £1.