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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
Moscow, 29 October 2013. OAO NOVATEK ("NOVATEK" and/or the "Company") announced today the launch of the Eastern dome of the North-Urengoyskoye field developed by the Nortgas joint venture. Eighteen (18) production wells have been completed at the Eastern dome, and its infrastructure includes a gas treatment facility with annual capacity of six (6) billion cubic meters (bcm), gas gathering networks, gas and gas condensate pipelines to the Western dome of the field. The Eastern dome allows the joint venture to achieve peak production capacity of more than 10 bcm of natural gas and 1.4 million tons of gas condensate already in 2014. According to NOVATEK's CEO, Leonid Mikhelson, "We acquired our equity stake in Nortgas less than twelve months ago, and the Eastern dome of the North-Urengoyskoye field has been prepared for production launch within a very short period of time and is an important contributing factor in our gas and gas condensate production growth. The expected ramp up of gas condensate production is fully synchronized with the expansion of our processing facilities".
http://www.businessgreen.com/bg/news/2293036/foresight-solar-fund-seeks-gbp200m-ipo "Solar power has been the biggest source of new electricity generation for the past two years in Europe," said Jamie Richards, Partner of Foresight Group, in a statement. "This year the UK is seeing a significant increase in installed capacity of utility scale solar PV power plants based on government support in the form of the Renewable Obligation Certificate (ROC) regime, which provides a stable 20 year revenue stream that increases in line with RPI. "The ROC regime combined with recent significant reductions in the cost of solar equipment provides a timely opportunity to launch this company coinciding with the new capacity coming on stream." His comments were echoed by Alex Ohlsson, Non-Executive Chairman for Foresight Solar Fund, who said solar farms represented an increasingly attractive investment. "The Foresight Solar Fund gives investors the opportunity to secure a sustainable and increasing yield in a listed fund managed by a highly experienced team with proven expertise in solar investment," he said. "We are targeting an initial annual dividend of 6p which we currently intend to increase in line with inflation as well as provide investors with the potential for capital growth."
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
;) Matlot... When will they get positive confirmation if TVZ receives a permanent loan facility..?
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.
Where have you been hiding..? I hope all is well!:)
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.
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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.