Overview
Foresight Sustainable Forestry is targeting an NAV total return of more than inflation (CPI) + 5% per year on a rolling five year basis (once the company is substantially invested).
It is intended that the returns will be created by: the capital appreciation of the underlying asset freeholds – timber asset value increases as well as value creation as afforestation assets (newly planted forests) successfully pass through project development milestones; cash yield, which is generated by the sale of timber from the harvesting of mature forest compartments; the value of carbon credits; and, on a more ancillary basis, opportunistic leases to renewable energy developers and ecotourism.
You can access the fund’s website here
FSF : Foresight Sustainable Forestry
You can view our interviews with the company’s Fund Managers below:
29th April 2022: Robert Guest – Weekly Show
Research History
-
17 Oct 2023 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023
Third quarter of 2023 Investment Companies | Quarterly roundup | October 2023 Kindly sponsored by abrdn ‘Uncomfortable’ Following a fast start to the first half of the year, globally equities took a breather in Q3, as markets assessed the implications of the worst bond sell-off in a generation. Yields on 10-year US treasuries and UK […]
-
13 Oct 2023 10 min read
QuotedData’s Investment Companies Roundup – October 2023
October 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in September 2023 September was defined by the ongoing US bond selloff, with global markets trending down in sympathy. Investment trust returns were negative on average for the month, although several sectors still achieved positive returns. The Royalties sector was the […]
-
05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
-
29 Apr 2022 1 min read
Interview with Robert Guest from Foresight Sustainable Forestry
In this week’s show, James Carthew talked to Robert Guest from Foresight Sustainable Forestry. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you would prefer […]
News
-
27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
-
25 Jun 2024 1 min read
QuotedData’s morning briefing 25 June 2024 – FSF, LAND, HEFT, SONG
In QuotedData’s morning briefing 25 June 2024: Foresight Sustainable Forestry (FSF) announced its interim results for the six months to 31 March 2024. The company recorded a profit for the period of £6.6m, while delivering a NAV per share return of 3.9% since 30 September 2023. The key drivers of the uplift were the upwards […]
-
31 May 2024 1 min read
QuotedData’s weekly news show 31st May 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: • Foresight Sustainable Forestry (0:28)• Harmony Energy Income (4:17)• Special Opportunities REIT (7:14)• Aberforth Geared Value and Income (11:04) This week’s interview was with Nick Brind from Polar Capital Global Financials – […]
-
29 May 2024 2 min read
Averon Park announces proposed acquisition of Foresight Sustainable Forestry
The boards of Foresight Sustainable Forestry Company (FSF) and Averon Park Limited are pleased to announce that they have reached agreement on the terms of a recommended acquisition. Arizona Bidco, a wholly-owned indirect subsidiary of Averon Park, will acquire the entire issued and to be issued ordinary share capital of FSF that the Averon Park […]
-
09 Nov 2023 1 min read
Foresight Sustainable Forestry update notes widening discount
Foresight Sustainable Forestry has updated on progress over the six months ended 30 September 2023. The board says that it is disappointed to see the share price trade at a discount to NAV. Together with the investment manager it says that it is: Reviewing planting and harvesting timetables to optimise cash flows. Advancing non-core asset […]
-
13 Oct 2023 2 min read
Foresight Sustainable Forestry acquires three assets in Scotland
Foresight Sustainable Forestry (FSF) has acquired three assets in Scotland – Toun Hill, Threepwood Hill and Carlinden Burn – for a total cost of £8.3m (inclusive of tax and transaction costs). The purchase, which has been funded from FSF’s revolving credit facility (RCF), increases the size of FSF’s portfolio by 819 hectares to 12,545 hectares […]
-
13 Jun 2023 1 min read
QuotedData’s morning briefing 13 June 2023
Atrato Onsite Energy (ROOF) announced its interim results for the six month period ended 31 march 2023. The company’s performance was generally positive with a modest improvement in NAV, which was up around 1%, while revenue growth came in 9% ahead of budget. Dividends were flat. Still, shares fell 14% during the period dragging the […]
-
11 May 2023 1 min read
QuotedData’s morning briefing 11 May 2023
In QuotedData’s morning briefing 11 May 2023: Krishna Shanmuganathan is to replace Norman Crighton as chair of Weiss Korea Opportunity (WKOF) when Norman steps down from the board at the AGM on 20 July 2023. Separately, holders of just 41,496 shares elected to take advantge of the company’s latest realisation opportunity. Ecofin Advisors, LLC has […]
-
18 Apr 2023 2 min read
QuotedData’s morning briefing 18 April 2023
Foresight Sustainable Forestry (FSF) announced the publication of its first dedicated ESG report. The report outlines the company’s ambitious sustainability and ESG vision and provides stakeholders with an update on the company’s delivery against its key sustainability and ESG objectives over the period ended 30 September 2022. With the release of this document, the company […]
-
30 Mar 2023 1 min read
Foresight Sustainable Forestry spent £10m in March
Foresight Sustainable Forestrymade three acquisitions during March 2023. The company deployed a further £9.9m into three properties in Scotland: Newnoth Farm: This asset has strong afforestation potential and is directly adjacent to Newnoth Forest, an existing mature forestry property within the portfolio. Together, these properties create a combined area of circa 234 hectares. Balnagowan: Neighbouring […]
-
19 Jan 2023 2 min read
Foresight Sustainable Forestry achieves full deployment of IPO proceeds
Foresight Sustainable Forestry says that its June 2022 equity fundraising proceeds have now been fully deployed. This follows the completion of eleven purchases and provides an update on the development of afforestation properties (where it is planting trees into land that is currently not forest) in the portfolio. New investments The trust has deployed a […]
-
16 Dec 2022 1 min read
QuotedData’s weekly news show 16th December 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Home REIT – update (1:45) • Abrdn Property Income – debt (10:20) • Foresight Forestry – first results (15:08) This week’s interview was with […]
-
15 Dec 2022 2 min read
First figures from Foresight Forestry
Foresight Sustainable Forestry has published results covering the period from its incorporation on 31 August 2021, through its listing on 24 November 2021, to 30 September 2022.The NAV per share at the end of the period was 105p, which it says means that it generated a total return of 5%, but the convention is to […]
-
06 Dec 2022 2 min read
QuotedData’s morning briefing 6 December 2022
In QuotedData’s morning briefing 6 December 2022: Foresight Sustainable Forestry (FSF) has become the first company to officially receive the London Stock Exchange’s Voluntary Carbon Market designation which applies to funds or companies investing into climate change mitigation projects that are expected to yield voluntary carbon credits. Carbon credits mature over time, turning from Pending […]
-
15 Aug 2022 2 min read
Foresight Sustainable Forestry hits IPO allocation target nine months after launch
Foresight Sustainable Forestry hits IPO allocation target nine months after launch – Foresight Sustainable Forestry (FSF) has announced the acquisition of three afforestation sites near Huntly, Scotland, for £3.4m (inclusive of tax and other transaction costs). The three properties, Ness Bogie (128.6 hectares), Ream’s Hill (37.6 hectares), and Brown Hill (30.8 hectares), are all located […]
-
01 Aug 2022 2 min read
Foresight Sustainable Forestry acquires trio of afforestation projects and signs new RCF
Foresight Sustainable Forestry acquires trio of afforestation projects and signs new RCF – Foresight Sustainable Forestry (FSF) has acquired a further three afforestation sites in Scotland (deploying £3.8m, inclusive of tax and other transaction costs) and has also signed a £30m Revolving Credit Facility agreement. On 15 July 2022, FSF completed the acquisition of Droveroad […]
-
24 Jun 2022 2 min read
Foresight Sustainable Forestry raises £45m
Foresight Sustainable Forestry (FSF) has announced that its fundraise, which was announced on 14 June 2022, has raised gross proceeds £45m. FSF says that 38,002,022 new ordinary shares will be issued pursuant to the Placing, and 4,054,052 New Ordinary Shares will be issued pursuant to the Offer for Subscription. The issue price is 107 pence […]
-
14 Jun 2022 3 min read
Foresight Sustainable Forestry ready to grow
Foresight Sustainable Forestry has deployed its IPO proceeds and is ready to expand. It is proposing to undertake a placing and an offer for subscription for new ordinary shares at a price of 107 pence per share. It hopes to capitalise on a growing pipeline of potential acquisitions, of which £76.8m is under option or […]
-
31 May 2022 1 min read
QuotedData’s morning briefing 31 May 2022
In QuotedData’s morning briefing 31 May 2022: On 6 May 2022, Foresight Sustainable Forestry (FSF) completed the acquisition of Dove Hill, an afforestation project near Dalry, Scotland with a total area of 70 hectares. The property is said to be well suited for the establishment of a high-yielding woodland creation scheme. It will increase the […]
-
03 May 2022 2 min read
QuotedData’s morning briefing 3 May 2022
In QuotedData’s morning briefing 3 May 2022: BlackRock Energy and Resources Income (BERI) is asking shareholders for permission to issue more shares after an upsurge of interest in the trust meant that it has already issued all the shares that it was given permission to at the last AGM. Blackstone Loan Financing (BGLF) generated a […]
-
24 Mar 2022 2 min read
Foresight Sustainable Forestry close to fully invested
Foresight Sustainable Forestry fully invested – Foresight Sustainable Forestry Company has bought two afforestation sites, Burn of Bellyhack and Red Craig & Glen Burn. The sites are both located in Aberdeenshire, Scotland, and have a total area of 359 hectares, increasing the total area of the portfolio to 8,474 hectares. The pair of properties were acquired […]
-
08 Mar 2022 3 min read
Foresight Forestry takes root
Foresight Forestry takes root – On 7 March 2022, Foresight Sustainable Forestry completed its seed assets transactions with the purchase of Blackmead Forestry Limited and Blackmead Forestry II Limited from Foresight Inheritance Tax Solution for a total cost of £113.4m. The fund gets 27 sites – 11 afforestation sites, 15 forestry sites and one site […]
-
28 Jan 2022 1 min read
QuotedData’s weekly news show 28th January 2022
QuotedData’s weekly news show 28th January 2022 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Foresight Sustainable Forestry • CIP Merchant Capital • Standard Life Private Equity This week’s interview was with […]
-
25 Jan 2022 2 min read
Good progress at Foresight Sustainable Forestry
Good progress at Foresight Sustainable Forestry – The purchase of Foresight Sustainable Forestry’s seed assets portfolio is said to be progressing and is expected to complete next month. The line-up of assets that the fund plans to buy has been tweaked so that the portfolio should comprise 26 assets in total (covering 8,000 hectares) including […]
-
06 Dec 2021 2 min read
QuotedData’s morning briefing 6 December 2021
In QuotedData’s morning briefing 6 December 2021: Foresight Sustainable Forestry (FSF) has announced that Blackmead Forestry II, which FSF has an option to acquire, has fully completed the purchase of two substantial afforestation opportunities in Dumfries and Galloway, Scotland. Rorie Hill, one of the key afforestation opportunities, has a freehold area of 303 hectares and […]
Upcoming Events
Videos
In The Press
-
28 May 2024 1 min read
Investment trust insider on biodiversity
Investment trust insider on biodiversity – James Carthew: Governments are finally taking biodiversity seriously Government action to address falling wildlife numbers is creating opportunities for some businesses, with tradeable biodiversity credits one incentive. Last week, 22 May was the International Day for Biodiversity. There are ‘days’ for just about anything that you can think of […]
-
06 Feb 2024 1 min read
Best performing funds and investment trusts in January: Seraphim Space in top spot
By HARVEY DORSET, This is Money, 6 February 2024: Seraphim Space Investment Trust climbed to new heights in January, marking itself as the best performing investment trust of the month as its returns skyrocketed 49.4 per cent. The trust, which invests in early-stage space technology firms, reversed losses in the latter part of 2023, which […]
-
21 Feb 2023 1 min read
Can energy investment trusts withstand higher rates?
By Val Cipriani, Investors Chronicle, February 17, 2023: For a sector that prides itself on offering attractive yields with an eye on capital preservation, renewable energy trusts have had a bumpy ride over the past few months. Having soared in early 2022 as energy prices spiked, share prices plummeted following the Truss-Kwarteng ‘mini’ Budget in […]
-
12 Jul 2022 1 min read
Dare to be different
Faith Glasgow, AIC Compass, July 2022: One of the big attractions of investment companies for many retail investors is the wide range of asset classes to which they offer access: not just equities but property, infrastructure, private equity and a number of even more esoteric specialist investment opportunities including sectors dedicated to music royalties, forestry, […]
-
15 Mar 2022 1 min read
Investment trust insider talks to Foresight’s Bernard Fairman
Investment trust insider talks to Foresight’s Bernard Fairman – James Carthew: Investors, UK show lack of energy foresight Last week I talked to Bernard Fairman, one of the two co-founders of fund manager Foresight Group (FSG). With two renewable energy funds – Foresight Solar Fund (FSFL) and JLEN Environmental Assets (JLEN) – and the newly […]
