Foresight Sustainable Forestry (ticker: FSF) joined the market in November 2021 when it raised £130m and it raised a further £45m in a placing several months later. It has built up a portfolio of around 65 forestry projects that cover 11,200 hectares -- mostly in Scotland with a little in Wales and England. Roughly half of its portfolio is established forestry (i.e. already producing timber) and the other half is afforestation (where trees are planted to create new woodland). The intention is that income from established assets will pay for the cost of planting new trees, so the trust sets no ...