I’ve bought for the blog portfolio 9952 shares in FSFL
for 9k.
Increase from low 7.4%
Yield 7.8%
Discount to NAV 23.4%
Cash for re-investment £1,275.00
Author: admin (Page 345 of 382)
I’ve sold the portfolio shares in JLEN for a profit of £325.00
including the dividend earned but not received.
JLEN is up 20% from it’s low, so I’m going to switch into a
similar Trust that has not risen as far.
Total profit for JLEN £1,152.00
The NAV decreased in aggregate by £2.1 million to £65.7 million, equivalent to 81.62pps as of 31 December 2023. The decrease was primarily due to the £1.9 million (1.9%) reduction in the fair value of the investment properties which were impacted by the upward yield movement seen across the wider UK real estate sector, driven primarily by increases in interest rates and inflation during the year.
· Dividends declared in respect of the Period totalled 2.85pps, a 3.6% increase compared to half year ended 31 December 2022 and in line with the Board’s target annual dividend of at least 5.9pps A, which is expected to be fully covered. Dividends in respect of the Period were covered 103.9% by earnings.
· Dividend yield B of 8.3% is unchanged when compared to the prior Period reflecting the increase of both the dividend and the share price.
· The Company’s share price of 71.5p at the Period end represents a 10.5% increase during the Period, reflecting the substantial narrowing of the Company’s discount (to NAV) from 23.1% to 12.4%.
· EPS amounted to a profit of 0.80pps for the Period. The increase is largely due to a £7.9 million improvement in the fair value of the investment properties.
· The Group’s loan matures in October 2025 and is fixed at a weighted average interest cost of 3.19%. Loan to GAV of 37.5% and interest cover ratio of 571% gives significant headroom on the lender’s loan to value covenant of 60% and an interest cover covenant of 250%.
A This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company’s expected or actual results.
Foresight Solar Fund Limited
(“Foresight Solar” or “the Company”)
Declaration of Dividend
Foresight Solar is pleased to announce the fourth interim dividend, for the period 1 September 2023 to 31 December 2023, of 1.895 pence per ordinary share. The shares will go ex-dividend on 25 April 2024 and the payment will be made on 24 May 2024 to shareholders on the register as at the close of business on 25 April 2024.
This fourth interim dividend completes Foresight Solar’s dividend target of 7.550 pence per ordinary share for the 2023 financial year.
As we build on the previous chart, a lot of nothing happening.
The fcast for the first quarter is £3,138.00 for re-investment.
Although ahead of the fcast for 2024, do not scale this figure by 4 to arrive at the total for the year.
ABRDN DIVERSIFIED INCOME AND GROWTH PLC
Information disclosed in accordance with LR 9.7A.2 of the Listing Rules of the Financial Conduct Authority
Interim Dividend for the year ending 30 September 2024
The Board of abrdn Diversified Income and Growth plc (the “Company”) announces that it is declaring an interim dividend of 1.42 pence per share on the Ordinary shares of the Company.
The interim dividend will be paid on 27 March 2024 to shareholders on the register on 8 March 2024. The ex-dividend date is 7 March 2024.
The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 15 March 2024.
Following the approval by shareholders, on 27 February 2024, of the new investment objective and policy in respect of the managed wind-down of the Company and subject to required Court approvals being granted, in the absence of unforeseen circumstances, it is the current intention of the Board that following this interim dividend payment the Company will pay an Initial Return of Capital around the end of June 2024. A further interim dividend is also expected to be paid around mid-October 2024. Thereafter, it is likely that dividends will be paid in smaller, less regular amounts principally for the purpose of maintaining the Company’s investment trust status while capital will be returned progressively to shareholders in larger, less regular amounts by the most tax-efficient mechanism available.
The Board intends to continue to pay a sufficient level of dividend to ensure that the Company will not retain more than 15 per cent. of its income in an accounting period so as to maintain the Company’s investment trust status during the managed wind-down. The Directors will declare certain dividends based on the Company’s net income but the quantum and timing of any dividends in future will be at the sole discretion of the Board.
There can be no guarantee as to the payment, quantum or timing of dividends during the managed wind-down process.
Assura plc
Notice of Dividend
Assura plc (“Assura” or “the Company”), the UK’s leading primary care property investor and developer, today announces that the next quarterly interim dividend of 0.82 pence per share will be paid on 10 April 2024 to shareholders on the register on 8 March 2024 (the “Record Date”). The Ex-dividend Date will be 7 March 2024.
NextEnergy Solar Fund Limited
(“NESF” or the “Company”)
Unaudited Quarterly Net Asset Value & Operational Update
NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces its unaudited Q3 Net Asset Value (“NAV”) and operational update for the period ended 31 December 2023, alongside an update to its first Standalone Energy Storage asset (“Camilla”) and its Revolving Credit Facilities (“RCF”).
Key Highlights
Financial:
· NAV per ordinary share of 107.7p (30 September 2023: 108.3p).
· Ordinary shareholders’ NAV of £636.4m (30 September 2023: £640m).
· Total gearing (including preference shares) of 45.7% (30 September 2023: 46.4%).
· Financial debt gearing (excluding preference shares) of 28.8% (30 September 2023: 29.8%).
· Weighted average cost of capital of 6.4% (30 September 2023: 6.3%).
· Weighted average discount rate unchanged at 8.0% (30 September 2023: 8.0%).
Dividend:
· Total dividends declared of 6.26p per ordinary share for the nine months ended 31 December 2023 (31 December 2022: 5.64p).
· On track to achieve target dividend of 8.35p per ordinary share for the year ending 31 March 2024.
· Forecasted target dividend cover remains c.1.3x for the year ending 31 March 2024.
· Total dividends declared since IPO of £333m or 65.7p per share.
Portfolio:
· 100 operating solar assets (30 September 2023: 100).
· Total installed capacity of 933MW1 (30 September 2023: 933MW1).
· Remaining weighted asset life of 26.1 years (30 September 2023: 26.4 years).