Share Name Share Symbol Market Type Share ISIN Share Description
Foresight Technology Vct LSE:FTV London Ordinary Share GB00B68K3716 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 74.50p 73.00p 76.00p 74.50p 74.50p 74.50p 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.6 0.6 0.7 106.4 83.66

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Date Time Title Posts
06/12/201310:37Foresight VCT 200759
13/9/200420:34Foresight VCT - Owns 17.18% of YOOMEDIA38
09/6/200409:20advice on special dividend of 52p xd 9/6/047
01/4/200412:16Foresight VCT - Ј1 share price plays Ј1.78 prospective NAV51

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Foresight Technology Vct Daily Update: Foresight Technology Vct is listed in the General Financial sector of the London Stock Exchange with ticker FTV. The last closing price for Foresight Technology Vct was 74.50p.
Foresight Technology Vct has a 4 week average price of 74.50p and a 12 week average price of 73.47p.
The 1 year high share price is 84.25p while the 1 year low share price is currently 68.63p.
There are currently 112,289,428 shares in issue and the average daily traded volume is 3,507 shares. The market capitalisation of Foresight Technology Vct is £83,655,623.86.
damanko: That's right - where I found it. Happen we should look more often. Just happened to be really, really bored this morning. For info, I think the total income has been 29.5p. Though I have two payments of 5p from 2004 & 2005. On reflection, they may have been 0.05p, I'd have to hunt through old records. In which case the payments would total only 20.5p. Sounds more like it in fact............. I do occasionally wonder how many holders bother with this thread (or the old "C" one). Not many, I suspect - perhaps many are giving the daisies some upward pressure. Original holders of Foresight VCT (as opposed to the "C" class) are closing in on £3.00 of tax free returns, plus the current share price to add to that. Nice work if we had got it, and not chosen to be mugs. C'est la vie.....
damanko: To any holders still left out there.... (and what a quiet bunch we are...). Note the recent hike in the share price, presumably due to the following: Foresight Group sells APP-DNA for US$92m - Generating 32x return for its its investors 26/10/2011 •UK software success, App-DNA, attracts a US$92m bid from NASDAQ-listed Citrix Systems •Leading SME investor Foresight Group's investment of £750k on behalf of Foresight VCT and Income & Growth VCT to generate up to £25m •Foresight VCT to achieve stellar returns for investors (32x, representing a 240% IRR) on sale of its portfolio company App-DNA to Citrix Systems Foresight Group has reached conditional agreement for the sale of App-DNA Group Limited (App-DNA) to Citrix Systems Inc. (NASDAQ: CTXS), which is acquiring all of the equity in App-DNA for a total consideration of $92m (£57.6m), subject to completion adjustments. It is expected that completion will occur during November 2011, once certain administrative conditions have been fulfilled. Foresight invested £771k in the company, on behalf of the Foresight VCT and The Income & Growth VCT. The acquisition by Citrix will return up to £25m in aggregate to the two funds, representing a return of 32x the original investment. App-DNA, which was spun out of Foresight portfolio company Camwood in 2010, has become the leading specialist in Application Migration and Compatibility Software including App-DNA™ and AppTitude™ which it distributes to blue chip companies around the world. The company has created 80 jobs since the investment by Foresight and has offices in London, Chicago, Sydney and Paris. Russell Healey, a Partner at Foresight Group, commented: "The App-DNA team has done an incredible job in taking the company from its spin-out from Camwood and developing it into the global leader in its field. App-DNA is typical of the growth capital investments Foresight makes in UK SMEs; an exceptional management team, profitable, high growth, a large global market and a sustainable competitive advantage." "This transaction highlights the role that VCTs play in funding UK SMEs, and in particular in providing growth capital at a time when traditional bank funding is scarce. Foresight is one of the leading investors in UK SMEs, with an investment team of eight professionals and investments in over 50 companies across a wide range of sectors thoughout the UK." App-DNA was one of four companies in the Foresight portfolio that were recently profiled in the Sunday Times Tech Track 100 supplement. Have contacted the group regarding the possibility of a special dividend being paid. Anyone interested still out there? Latest accounts (before the sale of APP DNA to Citrix Systems) shows APP DNA on the books at a cost of £173,212.00 and a valuation of £4,554,321.00. This was dated 30th June 2011.
damanko: Just in case there is anyone still out there....................: Today's RNS atated that the consolidation is on the ratio of one (old) FTV share x 0.554417986 = 1 new FTV share, which will (apparently) have a NAV of £1.00. So, (say) a holding 10,000 old shares will now be: 5544 shares. Any comments................?
damanko: 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.
rivaldo: Hi Joekoe. I suspect that the FMLX reference is to the proposed ACG float rather than a separate placing. I actually spoke to FTV last week, and was told that the ACG float was still on for the next couple of months and everything was looking good. I seem to remember ACG's year end was 31st December, and they wanted to get that out of the way first (the figures would look pretty good if projections were met). Did you notice that the RNS on 9 January stated NAV was 185p, compared to the current 145p share price?! This probably includes some ACG uplift under BVCA rules, but with the market the way it is the float could go very well indeed and FTV's NAV could look extremely healthy.
rivaldo: I suppose I ought to update the first post. Anyway, today's RNS stated that FTV's NAV was 151.36p, compared to a share price of around 130p. That's of course without any uplift from ACG if and when it floats. And some director buying also announced (how on earth did he get them at this price?!): "The Company announces that on 17 November 2003 R W Blears, a director of the Company, purchased 12,951 Ordinary Shares at a price of 118p per Ordinary Share. Following this purchase R W Blears is interested in 37,627 Ordinary Shares representing 0.28 per cent. of the Ordinary Shares that are in issue." Would it therefore be a reasonable conclusion that an ACG float might therefore be on the cards pre-Xmas?
jmillskeel: here you go, Foresight Technology VCT PLC 22 September 2003 Foresight Technology VCT plc Offer for Subscription of up to 1,101,646 new Ordinary Shares together with 3,304,938 new 'C' Ordinary Shares being offered in packages consisting of one new Ordinary Share and three new 'C' Shares ('New Shares'). The Company announces that it is posting to shareholders details of an offer for subscription. The New Shares being offered are in packages consisting of 1 new Ordinary Share together with 3 new 'C' Shares. The price at which each package is being offered is calculated by reference to the last published unaudited net asset values of each Ordinary Share and 'C' Share plus 5.5 per cent. to cover the issue costs. The net asset value of each Ordinary Share and 'C' Share on 18 September 2003 was 142.37p and 68.77p respectively making the subscription cost of each package £368.97. Based on these net asset values the Company will raise, upon full subscription, approximately £3.8llion, net of expenses. The Board believes that raising additional capital should enable Foresight to: • take advantage of the encouraging investment opportunities currently under review and should provide shareholders with a greater spread of risk from a larger and more diverse portfolio of technology investments in each fund; • spread administrative costs across a larger capital base; and • make second round 'follow on' investments in existing portfolio companies when attractive investment opportunities arise. Current Trading and Prospects The Directors continue to be pleased with the overall progress made by the investments in the Ordinary Shares fund and in particular with investments in Telecom Plus plc and in Advanced Composites Group Limited. On 8 July 40% of the Company's holding in Telecom Plus Plc sold, realising a profit of £900,000 above the average cost of those shares. Advanced Composites Group Limited is currently considering exit opportunities including a flotation. In addition there has been an increase in the share price of YooMedia Plc. The companies in the 'C' Shares fund have been held for a shorter time than those in the Ordinary Shares fund. Whilst there have not yet been any realisations from this fund, Broadreach Networks Limited, Oxonica Limited and Plc are all making good progress. As a result of the new BVCA guidelines, the most significant effect of which is an uplift in the value of Advanced Composites Group Limited, the net asset value of the Ordinary Shares has increased significantly from the 30 June 2003 valuation. Save as above, there have been no significant changes to the Company's trading or financial position since 30 June 2003. Terms of the Offer Investors are invited to subscribe a lump sum amount for packages of New Shares. On the basis of the net asset values as at 18 September 2003, the net amount to be raised, assuming full subscription, would be approximately £3.8 million. Net asset values will be published as soon as possible following a month end or more frequently if, in the Directors' opinion, there is a significant movement in the net asset value of each fund. Allotments of New Shares will be made on a weekly basis other than at the beginning of the month when allotments will be made as soon as the month end net asset value is available. Shareholders will be given prority under the Offer and will have until 13 October to submit their application forms. After this date New Shares are being offered on a wider basis. Applications will be treated on a first come, first served basis subject to a minimum subscription amount of £2,500. The capital raised by the issue of new Ordinary Shares will be pooled with existing Ordinary Shares fund and the capital raised by the issue of new 'C' Shares will be pooled with existing 'C' Shares fund. The new Ordinary Shares and the new 'C' Shares will rank pari passu with the existing Ordinary Shares and 'C ' Shares respectively, except that the new Ordinary Shares will not rank for the Ordinary Share special dividend and the new 'C' Shares will not rank for the interim 'C' Share dividend both announced on 28 August 2003. The Offer will remain open until 30 April 2004, unless fully subscribed at an earlier date. Application will be made for the New Shares to be listed on the London Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange
rivaldo: A fundraising announcement tonight by FTV: Extracts: "Offer for Subscription of up to 1,101,646 new Ordinary Shares together with 3,304,938 new 'C' Ordinary Shares being offered in packages consisting of one new Ordinary Share and three new 'C' Shares ('New Shares')." And interestingly: "The net asset value of each Ordinary Share and 'C' Share on 18 September 2003 was 142.37p and 68.77p respectively making the subscription cost of each package £368.97. Based on these net asset values the Company will raise, upon full subscription, approximately £3.8llion, net of expenses." And: "Advanced Composites Group Limited is currently considering exit opportunities including a flotation" So NAV last week (before Friday's rise in YOO, which was probably worth another 15p offhand!) was £1.42, compared to a £1.25 share price. It seems the valuation of ACG has been increased, but of course this is before a probable substantial increase in worth following a flotation. I suspect the directors are both taking advantage of outperformance and allowing shareholders (including themselves?) to collect more shares prior to a possible uplift from ACG (and YOO). I'll have to think carefully about this one!
irresponsible: Thanks. FTV's share price seems reluctant to follow its NAV at all. It seems to be at a bigger discount than its peers, but looks to have a fairly good investment portfolio. Probably just overlooked?
irresponsible: I never usually bother reading Net Asset Value RNS's but I clicked on this by mistake. I missed out on both Telecom Plus and YooMedia but this trust didn't and their share price doesn't seem to reflect any of the recent tech growth. In fact, it looks too good to be true. Any one know what the catch is? ========================================= Net Asset Value31/07/2003 08:00:22 Foresight Technology VCT PLC 31 July 2003 Foresight Technology VCT plc Net Asset Value The Company announces that as at 30 June 2003, the unaudited net asset value of the Ordinary Shares was 98.59p per share and the unaudited net asset value of the 'C' Shares was 70.34p per share. The Company also announces that it sold 500,000 shares held in Telecom Plus plc, an investment in the Ordinary Shares fund, at £2.18 per share on 17 July 2003 compared to an average subscription price of 38p per share. The Company further announces that the share price of YooMedia plc, another investment in the Ordinary Shares fund, has increased from 4.5p per share as at 30 June 2003 to 10.75p per share as at 29 July 2003 resulting in an increase in the unaudited net asset value of the Ordinary Shares of 6.93p per share.
Foresight Technology Vct share price data is direct from the London Stock Exchange
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