RCS - Foresight Envr - Update from QuotedData

Foresight Environmental InfrastructureAnnouncement

05/12/2024 10:45

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RNS Number : 9860O  Foresight Environmental Infrastruct  05 December 2024

 

Foresight Environmental Infrastructure - Update from QuotedData

5(th) December 2024

Looking to bounce back

Foresight Environmental Infrastructure's (FGEN's - formerly JLEN Environmental
Assets) recent results were a two-part affair, with its operational assets
pumping out record cash receipts, but the NAV taking a hit as green hydrogen
developer HH2E entered administration (a form of bankruptcy where a third
party manages the company to pay creditors).

The failure of HH2E, which could not attract the required investment to bring
forward its projects, exposes the risk of investing at an early stage of
development in a nascent sector. However, the highly diversified nature of
FGEN's portfolio meant that the impact on NAV was just 2.6%.

The stability provided by FGEN's successful operational portfolio, which makes
up 92% of assets, enables it to take measured exposure (calculated risk) to
potential gains from construction-stage assets (see our profile on page 10).
This gives the manager confidence that FGEN will bounce back strongly in time.
The 10.4% dividend yield offers shareholders a compelling reason to wait.

Full Research:

https://quoteddata.com/research/foresight-environmental-infrastructure-looking-to-bounce-back-qd/
(https://quoteddata.com/research/foresight-environmental-infrastructure-looking-to-bounce-back-qd/)

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NB: Marten & Co was paid to produce this note Foresight Environmental
Infrastructure Plc, and it is for information purposes only. It is not
intended to encourage the reader to deal in the security or securities
mentioned in this report. Please read the important information at the back of
this note. QuotedData is a trading name of Marten & Co Limited which is
authorised and regulated by the Financial Conduct Authority. Marten & Co
is not permitted to provide investment advice to individual investors
categorised as Retail Clients under the rules of the Financial Conduct
Authority.

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