Book value per share up only 3% in five years and Investor relations that don't answer questions means I am out!
I too was a holder of Foresight Solar Fund (LON:FSFL) , having sold out on 13th July. In my case it was not frustration at corporate governance.
If you look at the Renewable Energy Sector on https://www.theaic.co.uk/ you can sort on 5 year (share price) return. This indicates that the top candidates are Bluefield Solar Income Fund (LON:BSIF) , Foresight Solar Fund (LON:FSFL) and Nextenergy Solar Fund (LON:NESF) – in that order. All are on significant premiums to NAV from 19% to 15% to 10% – in that order.
If you look at Morningstar for their Trust ratings, you see that none of them have Morningstar Analyst Ratings or Morningstar Star Ratings.
If you look at Trustnet ( www.trustnet.com ) and dial up the sector, Nextenergy Solar Fund (LON:NESF) has the highest risk score, followed by Bluefield Solar Income Fund (LON:BSIF) with Foresight Solar Fund (LON:FSFL) the lowest risk choice – but none very risky by this measure. On their Crown Ratings Bluefield Solar Income Fund (LON:BSIF) has 4 Crowns, with Foresight Solar Fund (LON:FSFL) and Nextenergy Solar Fund (LON:NESF) both on only 2 Crowns.
This really narrows the choice of best athlete down to one between Bluefield Solar Income Fund (LON:BSIF) and Foresight Solar Fund (LON:FSFL) .
If you go to a charting package that allows you to plot ratios of stock prices then you can see the ratio between Bluefield Solar Income Fund (LON:BSIF) and Foresight Solar Fund (LON:FSFL) . This tells me that I should really have sold Foresight Solar Fund (LON:FSFL) back in October.
If you go to a weekly Relative Rotation Graph (RRG) of some of the Renewables ‘athletes’ then you see a starker choice:
This suggests that the only Renewables athlete on my list worthy of my investment has been the £INRG . Broader than the others – so not really comparing apples with apples. A daily RRG confirms that conclusion.
So, my own analysis says that I should have dumped Foresight Solar Fund (LON:FSFL) back in October. I had another chance in January. But then that's 'anchoring' for you!
.JPG)
