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Octopus Ap Share Discussion Threads
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|I too spread my VCT investments around.
I wait for a tender (Rensburg in this case) or winding up etc then reinvest.
15 year VCT veteran.|
|Rahosi - yes, I think Apollo is a decent choice from the huge VCT universe. I've made two investments there and have now a big exposure, plus getting dividends in shares - a useful thing to consider since you get the 30% tax rebate, though keeping a track of the 5-yr rule is a bind!
Useful to register with Apollo via their website to keep track your holding.
For 2015-16, I'm maybe looking to go elsewhere, and the ProVen top-up might be my choice.|
As I thought - ADVFN error!
The 20 Aug 2015 NAV on hxxp://www.octopusinvestments.com/investors/shareholder-information/apollo-vct/ is 80.9p
Application in post.|
|Rahosi - the NAV issued by OAP3 is, as you say, the 83.4p of 21/08. The NAV used in the merger appears to be the one I posted in #10, above.
On 11 Dec they announced:
Octopus Apollo VCT plc (the "Company") announces that 2,328,139 Ordinary Shares of 10p each have been issued and allotted today at a price of 85.2p per share equivalent to the current NAV of 80.9p grossed up by up to 5.0% (as set out in the Prospectus dated 2 November 2015). These shares were issued pursuant to the Offer for Subscription ...
It's all a bit confusing, and I can't account for the rather large drop to 80.9p above, unless costs are a factor on top of the dividend.
What I would suggest is: never trust numbers given by third parties such as ADVFN. If they have a number, it should be verifiable by going back to a company announcement.|
|Am considering buying some in the offer. What I don't understand is the difference in NAV between
21 August 2015 - 83.4p
and the current NAV - 95.46p (published by ADVFN)
Especially as there was an 2.5p XD on 12 November 2015; thus an increase of 14.56p = 17½%! Yet the share price has dropped ½p over the same period.
Can someone please enlighten me? I can only assume ADVFN has it wrong.|
|NAV at merger with Octopus VCT is 84.3825p.|
|OK, thanks for the clarification, our FA was unsure as to whether you qualified for the 30% relief if shares were bought in the open market. Interesting regarding the relief from divi tax though. :)|
|jbarker - for the 30% relief, purchase has to be by a new issue of shares from the company. They then send you a Certificate which you can present to HMRC if required.
You enter the purchase on your tax return. If it's your first one, they'll want to see it, otherwise probably not.
A purchase in the open market doesn't qualify for the 30% tax rebate, but your shares are independent of CGT or additional dividend tax - ie. leave them off your return.
The 30% tax relief is dependent on you holding the shares for five years.|
|jonwig - Just a question re OAP3, I`m aware of a scheme where one can use the purchase of these shares to offset against tax on your tax return but I don`t know if this has to be done through an FA or whether this can be done one`s self by just buying the shares in the open market and doing the necessary calculations yourself. :)|
|Octopus Apollo VCT plc announces that on 31 July 2013 the Company purchased for cancellation 414,397 shares of 10p each at a price of 82.75 pence per share.
The issued share capital and total voting rights of the Company is now 74,319,046.|
29/04/13 ... 150,000 @ 84.75p
03/05/13 ... 788,540 @ 84.75p
28/05/13 ... 184,200 @ 82.25p
31/07/13 ... 414,397 @ 82.75p|
|Share price rise on the back of:
The Board of Octopus Apollo VCT plc has reviewed the existing policy in relation to share buy backs and is pleased to announce that the Company will be changing its buy back policy with effect from the end of the current close period so that shares will be bought at a 5% discount to the prevailing net asset value (previously 10%).|
|Octopus Apollo VCT plc announces that on 5 April 2013, 5,012,898 Ordinary Shares of 10p each were issued and allotted to 214 applicants at a price of 94.5 pence per share pursuant to the Offer that opened on 1 October 2012. Application has been made to the London Stock Exchange for admission of the new shares.
The issued share capital and total voting rights of the Company is now: 70,464,088 Ordinary Shares.|
|Octopus Apollo VCT plc announces that on 20 March 2013, 4,855,005 Ordinary Shares of 10p each were issued and allotted to 202 applicants at a price of 94.5 pence per share pursuant to the Offer that opened on 1 October 2012. Application has been made to the London Stock Exchange for admission of the new shares. Admission is expected to become effective on or around 25 March 2013.
The issued share capital and total voting rights of the Company is now: 57,532,887 Ordinary Shares.
Price as expected.|
|New shares offer price should be pitched at latest NAV of 89.7p plus costs, ie. 94.5p.
Intermediaries such as H-L should rebate much of that, so price to pay will be between 62.8p and 66.1p.
Target dividend is 5p pa for next five years, hence a yield on cost of some 7% to 8%.|
|. Http://www.octopusinvestments.com/ .
Total number of shares: 74,319,046 (31/07/13).|
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