Foresight Solar doubles buybacks and looks to sell assets
Renewables income fund is latest to announce plans to recycle capital while doubling share buybacks to £20m to tackle its widening discount.
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De-rated Foresight Solar doubles buybacks and looks to sell assets
Update: Broker Liberum questions if renewable income funds' plans to recycle capital will work while debt-laden Thurrock Council offloads a big solar portfolio.
‘Green’ certificates save Octopus Renewables from second-quarter fall
Octopus Renewable Infrastructure avoids a second-quarter fall in valuation from rising interest rates after a £27m gain that includes the rising value of ‘green’ energy certificates.
Oakley Capital puts $100m of gains into new AI fund
Oakley Capital Investments backs a new artificial intelligence venture fund launched by its private equity manager.
INPP warns of discount rate pressure on valuation
The core infrastructure fund cautions that its 30 June NAV will be lower than at the start of the year when it reports half-year results next month.
Greencoat UK Wind: Our dividends are covered if power prices crash
Softening power price forecasts contributed to small first-half fall in the £3.3bn income fund whose inflation-linked returns and high cash generation should see its discounted shares recover, say analysts.
Build-to-rent PRS Reit grows rents on back of ‘grossly’ low home supply
PRS Reit says like-for-like rental growth of 7.5% in the past quarter highlights the fundamental attractions of its residential property sector and hopes it will attract to its undervalued shares.
HydrogenOne jumps 12% after second quarter uplift to valuations
HydrogenOne Capital Growth narrows its wide discount after eking out a small rise in net asset value as gains in its unquoted portfolio offset impact of rising interest rates.
US Solar warns asset value will fall after failure to find buyer
Board of £164m renewables fund says next month’s half-year results will reflect a reduction in net asset value as the portfolio’s valuation is compared with recent deals.
James Carthew: Soft landing vs recession weighs on bond funds
The fortunes of Henderson Diversified Income, Invesco Bond Income Plus and CQS New City High Yield depend on getting this crucial forecast right.
James Carthew: Soft landing or recession debate weighs on bond fund returns
The fortunes of Henderson Diversified Income, Invesco Bond Income Plus and CQS New City High Yield depend on getting this crucial forecast right.
Better than bonds: TRIG considers buybacks as surplus cash blows in
Update: Half-year results from Renewables Infrastructure Group show £3.5bn income fund promising to beat gilts and with room to buy back shares that have drifted to a 14% discount.
