Foresight Vct Share Discussion Threads

[timbo003] 25/2/2008 07:24

V

Many thanks for the spreadsheet, the (almost) absence of any loan stock surprised me and it is in complete contrast to most other VCT portfolios, I guess this is because it it is tech orientated and therefore the portfolio companies do not always have earnings in order to pay interest on loan stock.

The link to the Motley Fool bulletin board is below, see you over there maybe

[damanko] 24/2/2008 21:53

Okay, Sunday night, no excuses, I've emailed the spreadsheet, let me know if there is a problem. Have used bid prices at close of play Friday 22nd February 2008, for the 9 quoted companies in the FTV portfolio.
Regards

[damanko] 24/2/2008 21:12

I'll update the spreadsheet with bid prices for the quoted shares & email you it within the next day or so. Pls paste TMF VCT links if possible.
Thanks...

[timbo003] 24/2/2008 20:43

Hi Damanko

Thanks for that useful info, my e-mail is:

[e-mail]

Any info gratefully received

I have my fair share of VCT disasters (for example Quester 5), but also quite a few good 'uns (for example Baronsmead2, 3 and 4).

I currently hold around around 400K VCT shares, original subscription price £1, although I've purchased around 20% of them in the secondary market (at lower prices), including Foresight, needless to say.

Do you frequent the Motley fool? there is quite an active BB on VCTs over there if you are interested.

[damanko] 24/2/2008 19:50

Hello Tim, I wish I only owned 15,000 shares in Foresight, it would have saved me a good deal of money (I bought on flotation of the "C" shares nearly 9 years ago, at £1.00 per share....).

In any case, that is my problem. I see Oxonica was up another 6p or so on Friday, an immediate uplift of £5000,000 or thereabouts to the Foresight NAV.

In perspective:

1p on the Oxonica price = £77,343 to FTV NAV
1p on the Smartfocus price = £146,291....
1p on the Sarantel price = £127,131.....


As you are now a (fellow) shareholder, if you give me an email address, I'll send you a spreadsheet detailing FTV's holdings, both quoted & unquoted. This is something you won't get from either the FTV website or annual report, as they have stopped citing the actual number of shares they hold in investee companies.

Regards
damanko

[timbo003] 20/2/2008 15:44

NAV now updated (20/02/08) on the Foresight web site.

NAV now 67.6p, offer price 42.5p, that's a huge 37% discount. They go ex-divi at the end of the month with a 5p (tax free) divi to come in March.

[timbo003] 20/2/2008 10:41

I topped up today, now hold 15K shares (all secondhand and purchased this year), still no update on NAV on the Foresight web site (to take into account rises in Oxonica and Sarantel ealier this week)

[damanko] 19/2/2008 07:25

Anyone left on here? Excellent news from Oxonica 18th February, followed by Sarantel this morning, 19th Feb. Should see a decent uplift in the share price, once the NAV calculations have been announced.

[damanko] 02/5/2007 19:32

5p down today, and there could be a lot further to fall......... by my last reckoning Oxonica represented about 23% of Foresight's NAV. Funny, got in the other day from North Africa - with an offering from our esteemed chairman to subscribe in yet another VCT, using Oxonica as an example of what they would invest (and have done...) in. Ho hum. What a bumch. Think I'll just forget them for another 7 years.

[damanko] 27/1/2007 15:02

These 3 companies in particular look promising, particularly Aquasium, which has been around for over a decade, and has bought what appears to have been an underperforming electron beam outfit from Smiths Industries some time back. Check out the websites from the links above, all 3 come across as professional & decently run. I've highlighted these 3 also - as in the latest accounts they are showing increased valuations from the initial investment sums. All the windows open here - I swear, the climate is the only thing I'll miss about this place one day. Well, okay, and the salary - a little. And ....... the holidays, a lot. 6 weeks on, 4 week off. On full pay. Where did it all go wrong..................................?

[damanko] 27/1/2007 10:30

Morning EG. Sorry (you know what is coming here............) - blue sky as far as the eye can see, tee shirt jobbie. Nice little dividend cheque popped into my account yesterday morning, another 50 like that and it will all seem worthwhile. When you get time let me know about the incentive stuff you mentioned. No good griping any more about the ordinary holders, they've done very well, and may do even better in the future - we have to hope so. Looking at the enlarged/combined portfolio, excluding Oxonica, there are half a dozen possibles that may yet bail us out. ANT & SARANTEL may also get a re-rating, after the disasterous early post flotation period. Hope all the naive management have gone - been pushed, and hard nosed types are now on the board, with the required experience. Enough.......... after their slaughtering of Tamworth, expect the Canaries to rattle those Blackpool folk this afternoon.

[elianasgrandpa] 27/1/2007 09:15

Hi Damanko,

You always make me dead jealous with your sunny weather reports!!!

I guess that I have to change my Favourite to this page from now on to keep in touch.

At least it's a bit shorter to scroll down and, hopefully, we'll get some involvement from Ordinary shareholders from now on.

It may be cold here this morning, but at least the sun is shining. FA Cup this afternoon - come on you Spurs!

Elianasgrandpa

[damanko] 19/1/2007 18:12

Welcome any FTV holders still around. As a holder in FTVC, have to say that you've had the better of the consolidation. Think I'm correct in saying FTV has 11 unquoteds, plus shares in 4 companies listed on AIM: Sarantel, Telecom plus, Clarity Commerce and Yoomedia. By my reckoning, the ordinaries have returned £2.50 or so per share, the "C"'s just 10.5p. Anyway, we all have to hope that something good will come out of the combined holdings.

[linhur] 13/9/2004 20:34

Nice move for Yoomedia today.I think Foresight still have a holding - nearly 15%

[rescuer] 09/6/2004 09:20

cheers Malay37,

regs

rescuer

[malay37] 09/6/2004 09:03

I think that that is the record date and the registrars are interested in that date, because it gives them some time to collate there information. From what I gather and reading up on it there are always to dates, the xd date and the record date. On 3/6/04 the announcement of the special dividend states that it goes ex div on the 9/6/04.

dyor

[rescuer] 09/6/2004 08:47

there's no XD flag on it, FWIW, the RNS does say

"a special
dividend of 52p per Ordinary Share is expected to be paid on 5 July 2004 to
Ordinary Shareholders on the register on 11 June 2004."

dont hold, just interested

[malay37] 09/6/2004 08:39

No just checked with Barclays and it is ex div today so you would not be entitled to the dividend.

[rmart] 09/6/2004 08:15

hang on,

so if i buy today at 1.05 i am really buying at 53p due to divi ?

[linhur] 08/6/2004 17:45

Malay

I cannot see any reason why the price should not be quoted 52p less on xd day.It might even be a bit lower as you may have to wait several years for a similar dividend.

So you could sell tomorrow and claim your dividend if you have bought today

HTH

Linhur

[malay37] 08/6/2004 16:13

If one bought into the share today to take advantage of the special dividend, would one have to buy before the close of business today and hold until the record date or Xd date?

I.e
What is the minimum period that one would have to hold on to the share Xd date or record date
and will it definately be marked down

Will the shareprice plummet by roughly the amount of the special div amt of 52p?

thanks in advance

[malay37] 08/6/2004 16:12

RNS Number:3997Z
Foresight Technology VCT PLC
03 June 2004


Foresight Technology VCT plc

Special Dividend and Dividend Investment Scheme Proposals

The Board is pleased to announce that, following the successful realisation of
the Ordinary Shares fund investment in Advanced Composites Group, a special
dividend of 52p per Ordinary Share is expected to be paid on 5 July 2004 to
Ordinary Shareholders on the register on 11 June 2004. The Board is also pleased
to advise that it proposes to introduce a dividend investment scheme, details of
which will be circulated shortly, which will apply in respect of this special
dividend and future dividends (both in respect of Ordinary Shares and "C"
Shares) paid by the Company.

Shareholders should also note a correction to the diluted net asset values that
appeared in the Company's Report and Accounts for the year ended 31 December
2003 which were not correctly stated in accordance with the requirements of the
Statement of Recommended Practice "Financial Statements of Investment Trust
Companies". The diluted net asset values should have been 176.85p per Ordinary
Share and 67.18p per "C" Share and not 165.43 per Ordinary Share and 56.52p per
"C" Share.

A supplemental Statement will be sent to shareholders shortly.

End

This information is provided by RNS
The company news service from the London Stock Exchange
END

DIVFJMFTMMJMBTI

[malay37] 08/6/2004 15:51

RNS Number:3997Z
Foresight Technology VCT PLC
03 June 2004


Foresight Technology VCT plc

Special Dividend and Dividend Investment Scheme Proposals

The Board is pleased to announce that, following the successful realisation of
the Ordinary Shares fund investment in Advanced Composites Group, a special
dividend of 52p per Ordinary Share is expected to be paid on 5 July 2004 to
Ordinary Shareholders on the register on 11 June 2004. The Board is also pleased
to advise that it proposes to introduce a dividend investment scheme, details of
which will be circulated shortly, which will apply in respect of this special
dividend and future dividends (both in respect of Ordinary Shares and "C"
Shares) paid by the Company.

Shareholders should also note a correction to the diluted net asset values that
appeared in the Company's Report and Accounts for the year ended 31 December
2003 which were not correctly stated in accordance with the requirements of the
Statement of Recommended Practice "Financial Statements of Investment Trust
Companies". The diluted net asset values should have been 176.85p per Ordinary
Share and 67.18p per "C" Share and not 165.43 per Ordinary Share and 56.52p per
"C" Share.

A supplemental Statement will be sent to shareholders shortly.

End

This information is provided by RNS
The company news service from the London Stock Exchange
END

DIVFJMFTMMJMBTI

[jmillskeel] 08/6/2004 15:10

record date and the xd date a couple of days after imho...