Foresight Solar Fund - FSFL

Interim dividend is in.

1 Like

And reinvested

1 Like

Me too @Peteswindon

It fits nicely into dividend paying and not being terrible for society / the earth.

5 Likes

I’ve gone pretty deep into FSFL and most other green energy companies (UKW, GRID, TRIG, etc) to be honest. I trade where I feel my morals lie. I am sure energy security is going be at the forefront of lots of countries national security objectives.

7 Likes

Any reason for drop in price so far this morning?

Same reason for everything dropping

1 Like

£1.08 can’t believe my luck. What a great top up price.

“Be greedy when others are fearful” - Warren Buffett

2 Likes

I don’t think the stock is being sold because people are fearful. It is very simple economics in play - the dividend yield had started to look lousy in light of treasury and bond re-ratings. (simple DCF). Of course it falls low enough it becomes interesting again :slightly_smiling_face:

4 Likes

To right 1st time I’ve topped up twice in 1 day.

I’m very tempted. Does anyone mind if I scoop up some of this with the remaining 25% allowance of my LISA? :smiley:

3 Likes

I think another important factor is the collateral situation with UK pensions, a lot of which like to invest in bond proxies like these trusts. The price action looks like forced selling.

FT just reporting on this: Register to read | Financial Times

1 Like

The deed is done @108.12 via AJ Hell - though not the full 25% of my LISA allowance, I shoved some in Apple.

:cow: :gem: Diamond Hooves :gem: :cow: baby! We’re going to the moon, first cow in space, MOO MOO!

5 Likes

You cant keep a good stock down even in a bad market

1 Like

And now back in the green.

1 Like

And now back to £1.20. Could do with dip to top up again. Lol

And there’s the dip.

1 Like

The question now will be the caps (these guys have been subsidised for years) Subscribe to read | Financial Times.

As I mentioned in the other thread the effect on trusts depends on the proportion of ROCs in their revenues and their price forecasts. FSFL’s latest curve is below:

image

Yes the FT Weekend article did say

Another person involved in the discussions added that not all companies “would care about the cap if it was at a [relatively] high price”.

Your FSFL curves suggest to me that if the cap goes through there will be a material impact on FSFL in the next couple of years and as such I expect a drop in price of FSFL shares for a while. Political uncertainty will play its part too.

1 Like