The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Tom Mills - Jefferies - Analyst
: Good morning, guys. Thanks very much for the presentation. Just a couple of questions, please. You touched on how budget clarity supported a
notable pickup in demand for your tax-efficient products, which sounds very helpful.
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NOVEMBER 28, 2024 / 9:00AM, FSGF.L - Half Year 2024 Foresight Group Holdings Ltd Analyst Presentation
and Live Q&A
Just interested to get your take on broader budget and Mansion House speech implications (inaudible). Many of the headline announcements
sound pretty positive to your business (inaudible), but I'm interested in what you have to say.
Second, can you give us a sense of where you think the second vintage of your natural capital strategy you could get to in fund size terms? And
then, finally, I'd also seen that you printed a strong performance fee number in the first half, which looks like it's going to be by private equity exists.
But can we talk a little bit about that? And do you have much view on the pipeline of exits there as well? Thank you very much.
Question: Tom Mills - Jefferies - Analyst
: Thank you, guys.
Question: David McCann - Deutsche Numis - Analyst
: Yeah. Morning. Hopefully, you can hear me. Just one quick follow-up on the hydrogen thing. Just a question that's come in. I'm just keen to hear
your thoughts from your side. Obviously, you're no longer going ahead with the funds.
Obviously, you did see the write-down in that hydrogen asset you had in a couple of your existing funds. So to what extent was the decision not
to go ahead with the hydrogen funds to do with that write-down? And how much of it was to do with the wider implications that's going on in the
hydrogen market itself? Thank you.
Question: David McCann - Deutsche Numis - Analyst
: So just to follow up, what is it that is causing these issues in the market that's leading to pullback of projects elsewhere, as you mentioned?
Question: David McCann - Deutsche Numis - Analyst
: Okay. Thank you. And I have one broader but related question to that. With the Trump government we have in the US and what feels like possibly
some rowing back on some of the moves towards renewable and sustainable energy, who knows exactly what will happen, but that seems to be
the early rhetoric.
I appreciate you don't have that much, if anything, in the US. But how do you see that potentially changing the demand and landscape for renewables
and the energy transition that you've talked about more broadly?
Question: David McCann - Deutsche Numis - Analyst
: Great. Thank you very much.
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