A slightly odd set of results, the printed disclosure was pretty limited but management was happy to answer questions and the disclosure ratcheted up. Like all solar funds, the portfolio ramp up distorted the metrics and the DCFs were hit by changes to the power price curve. Also, the dividend was uncovered by operating cash flows. Given the ramp up will continue for a few years the metrics will continue to be messy. FSFL announced a placing of new equity at 99.9p xd (closing 12 March) to ass
04 Mar 2015
Solid results, raising new debt and equity
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Solid results, raising new debt and equity
Foresight Solar Fund Limited GBP (FSFL:LON) | 70.6 0.3 0.6% | Mkt Cap: 389.9m
- Published:
04 Mar 2015 -
Author:
Charles Murphy -
Pages:
2 -
A slightly odd set of results, the printed disclosure was pretty limited but management was happy to answer questions and the disclosure ratcheted up. Like all solar funds, the portfolio ramp up distorted the metrics and the DCFs were hit by changes to the power price curve. Also, the dividend was uncovered by operating cash flows. Given the ramp up will continue for a few years the metrics will continue to be messy. FSFL announced a placing of new equity at 99.9p xd (closing 12 March) to ass