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23 Sep 2013 | 14:01 Annabelle Williams Categories: Investment | Investment Trusts Topics: Alternative investments solarpanels Foresight Investment Group has launched a solar fund targeting a 6p dividend on the London Stock Exchange, the latest in a string of renewable energy IPOs with attractive dividends. The group launched a solar investment trust onto the stock market this weekend in what is expected to be a £200m IPO. The Foresight Solar fund is the latest in a spate of alternative energy trusts that have listed in recent months. The Renewables Energy Infrastructure Group raised £300m in July, while Bluefield Solar Income recently completed an £130m IPO. All have drawn attention from investors because of their impressive yield, and Foresight too is targeting a 6p dividend. Foresight is floating 200m shares on the London Stock Exchange at a price of 100p per share. The fund managers already have deals in place to acquire eight solar parks in the UK, including two of the largest operational parks in the UK and one that is yet to start generating power. All plants combined are expected to produce 145 mega watts of power. "Solar power has been the biggest source of new electricity generation for the past two years in Europe," said Jamie Richards, partner at Foresight Group.
http://www.thisismoney.co.uk/money/investing/article-2445771/MIDAS-SHARE-TIPS-Foresight-Solar-Fund-scheduled-float-month.html It's an excellent read:)
http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/10402390/How-to-invest-in-the-changing-energy-market.html http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/10402390/How-to-invest-in-the-changing-energy-market.html http://www.bloomberg.com/news/2013-10-24/foresight-says-raised-150-million-pounds-in-u-k-solar-fund-ipo.html http://www.ftadviser.com/2013/09/30/investments/foresight-launches-closed-ended-solar-fund-op0zNwpj6iOoFMqudC2dEO/article.html http://www.investorschronicle.co.uk/2013/10/07/funds-and-etfs/investment-trusts/solar-investment-companies-ramp-up-sRXRmBSgRq0MuCZrjCUj6H/article.html
Are showing as sells!
She's climbing:)
Outlook The Board and Foresight Group, the Investment Manager, are satisfied with the current portfolio and the quality of the returns being seen from those projects, which gives us confidence in achieving the original objectives of the Company. The refinancing of existing projects has facilitated the release of funds for further investment in a rapidly growing UK PV sector, which should enhance returns to shareholders.
globalcrossings off again. ramping this up on other boards. Im just waiting for it to rise a couple of % and then you post your usual 'Im Out' message GLA lol
No worries dude! Bust of luck:)
So badly wants to climb upwards!
Did you take a look at the order books? So fe shares on offer!
This could get interesting today:)
Could fly today! So few shares on offer and excellent results today! Chairman's Statement Results I am pleased to be able to report on a period of robust performance from the Company's portfolio of solar investments. A combination of the solar plants performing in line with or better than original expectations and the bond refinancing has resulted in a 22.2% increase, after including dividends paid in the year, in net asset value to 115.7p at 30 June 2013 from 98.8p at 30 June 2012. All of the investments are more fully described in the Investment Manager's Report.
FORESIGHT SOLAR VCT PLC Summary -- Net asset value total return per Ordinary Share in the year to 30 June 2013 increased by 22.2%, representing an uplift in net asset value to 115.7p (30 June 2012: 98.8p) and total dividend payments in the year of 5.0p per Ordinary Share. -- In line with original expectations, interim dividends of 2.5p per Ordinary Share were paid to shareholders on 31 October 2012 and 12 April 2013, making 5.0p per Ordinary Share for the year. -- Bond refinancing completed on 2 May 2013, increasing target returns per Ordinary Share from 130p towards 150p. -- Two small further investments of GBP325,878 into Greenersite Limited and GBP6,820 into Foresight Luxembourg Solar 2 S.â.r.l were made during the year and a loan repayment of GBP410,505 was received from Foresight VCT (Lux) 1 S.â.r.l. -- The Ordinary Shares fund is considered fully invested and therefore the Board launched a C Shares fund in February 2013 to take advantage of new solar photovoltaic investment opportunities benefiting from the Renewable Obligation Certificate (ROC) regime (as opposed to the Feed-in-Tariff (FiT) scheme that benefited investments in the Ordinary Shares fund). As at 30 June 2013, a total of 5,731,693 C Shares had been issued based on an issue price of 100p per C Share. Ordinary Shares Fund Year ended Year ended 30 June 2013 30 June 2012 Net asset value per share 115.7p 98.8p Revenue return per share 4.8p 0.1p Capital return per share 17.7p 5.1p Total Dividends per share 5.0p - Total return per share 22.5p 5.2p Share price per share 99.0p 93.0p C Shares Fund Year ended Year ended 30 June 2013 30 June 2012 Net asset value per share 99.4p n/a Revenue return per share (0.4)p n/a Capital return per share (0.3)p n/a Total Dividends per share - n/a Total return per share (0.7)p n/a Share price per share 100.0p n/a Chairman's Statement Results I am pleased to be able to report on a period of robust performance from the Company's portfolio of solar investments. A combination of the solar plants performing in line with or better than original expectations and the bond refinancing has resulted in a 22.2% increase, after including dividends paid in the year, in net asset value to 115.7p at 30 June 2013 from 98.8p at 30 June 2012. All of the investments are more fully described in the Investment Manager's Report. Bon
tip these on page 90,not listed on the uk exchange just yet..................