Foresight Group Holdings Limited
FSG · Main Market · Financial Services · mcap £498m · 444.5p
Foresight manages money for institutions and retail investors, mainly in infrastructure, private equity and regional funds. It earns mostly recurring fees on assets and funds under management.
The case for
- Core EBITDA grew from £50.2m in FY23 to £68.6m in FY26 and the dividend rose to 27.1p. 11 Apr 2024 29 Jun 2026
- Retail fundraising set records of £436m, £587m and £630m in successive years. 11 Apr 2024 10 Apr 2025 9 Apr 2026
- Recurring revenue has stayed within the 85-90% target range, giving visibility. 2 Dec 2025 8 Oct 2026
- Buybacks continue, with £40.4m left on the £50m programme. 9 Apr 2026 29 Jun 2026
The case against
- AUM has grown slowly, from £12.1bn to £13.0bn in three years, and FCM's sale cut about 7%. 10 Oct 2023 11 Jun 2026 8 Oct 2026
- FEIP II fundraising has been slower than hoped, with €595m raised and the €1.25bn target now due mid-2027. 5 Jun 2024 8 Oct 2025 8 Oct 2026
- Growth of 5% in H1 FY25 and EBITDA of £68.6m in FY26 leave the doubling goal a long way off. 28 Nov 2024 29 Jun 2026
- Shareholder dissent on one AGM resolution requires engagement, and a Rule 9 waiver was passed with a 35.4% concert party. 3 Aug 2026 4 Aug 2026
Both sides use only facts from the company's announcements · not investment advice
Company filings. Not investment advice.