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VCF Value Catalyst

30.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Value Catalyst LSE:VCF London Ordinary Share KYG9315M1134 ORD USD0.00001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 30.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.00 GBX

Value Catalyst Fund (VCF) Latest News

Real-Time news about Value Catalyst (London Stock Exchange): 0 recent articles

Value Catalyst Fund (VCF) Discussions and Chat

Value Catalyst Fund Forums and Chat

Date Time Title Posts
11/5/202219:52Value Catalyst - Laxey Vehicle47

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Value Catalyst Fund (VCF) Top Chat Posts

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Posted at 11/5/2022 14:05 by olliemagern
The last Audited accounts i have are to Year June 2019.
They show the Realisation fund had assets of $21.44mn or $0.47 per share.
Continuation shares fund had $6.47mn or $0.48 per share.

Since then there was a $0.62mn distribution to Realisation holders in August 2020.

Wind up now distributing $0.40mn or $0.118 per share to Realisation share holders.
Continuation holders get $2.35mn.

Totally unacceptable.
Posted at 29/4/2022 13:58 by topvest
Yes. I got the email yesterday, and queried with them where all the value has gone since 31 Dec 2020. Did you get any initial distribution?
I do think we have been mugged by Laxey (greedy) Partners. It's rather irregular to 1. Have anything below US$300 going to charity and 2. Having a US$100 charge levied on top of other charges. 3. Not to receive any financial information on the voluntary liquidation either and where the money has actually gone.
I only had a few so it will be going to charity and I suspect it would have been endless documentation to get any money across from them.
As a point in principle, I decided that I would rather receive zero than to let the bad people at Laxey profit, so didn't accept their offer. At least my money will be going to charity rather than to them!
The assets were Ceiba Investments (should have been worth something as still 50% of the listing price) and CPD SA where the share price seems to have done well.
There is no way forward with the UK Ombudsman I feel. We have been well and truly Laxey'd as the value remaining seems to have reduced by 75% since 31 Dec 2020 which doesn't make much sense to me!
At least I just about broke-even on the original price paid for my shares. Hope you have not lost too much.
Posted at 29/4/2022 11:43 by olliemagern
Yes in the same boat topvest.

Seems the Realisation fund had around $7.25m net assets, but wind up costs must have been around $6.85m, as they are only paying $0.4m out to Realisation shareholders. That's $0.118 per share, its an outrageous fraud.

Been mugged here, the lucky people winding this up are probably now millionaires for very little work.
Is it worth referring to the UK Ombudsmen as the administration wind up costs are scandalous? based in the Cayman Islands they may be able to get away with UK fraud.

The Continuation fund distributed $2.35m, 99% of it to one shareholder, and we can guess who that is.
Posted at 19/2/2021 20:06 by topvest
NAV at 31 Dec increased 22% to 51c a share. In my view the Laxey offer was very dishonest and underhand.
Posted at 21/1/2021 21:02 by topvest
I have responded fairly sharply to Laxey Partners. No accounts for June 2020 and they then offer roughly a 1/3 rd of book value / the latest redemption price to take the shares off your hands.... after bleeding the company dry for years. I've decided that I would rather get nothing for my small holding than sell to Laxey Partners who have shown themselves up for what they really are - greedy predators! And to think they tried to bring down the great institution of Alliance Trust in the past.

I have said I will take a partial dividend in specie (which is not an option I suspect) or chance my arm in the liquidation for at least x2 the Laxey offer. Laxey Partners know perfectly well that most holders can't hold the CDP shares in their portfolio. It's a disgraceful ploy to get your shares for undervalue. I suggest everyone puts Laxey or DBay on their bargepole list and never touch anything to do with them again.

Don't follow my advice though. I only have a very small holding. It is tempting to just take the cash from Laxey, but out of principle I'm not going to let them make more money out of me! Sometimes you have to take an ethical stand of good against evil in this world.
Posted at 20/1/2021 22:49 by olliemagern
It was a posted letter to me, so i believe it only applies to the Realisation holders, not the Continuation pool.

it reads prior to liquidation VCF remind shareholders that there is the option for you to take stock and cash in specie out of the company.

Limited capacity to purchase your VCF for $0.147, this option only available until Friday 29 January 2021.

If you wish to proceed with either option contact Laxey on 01624 690900 or e-mail vcf@laxeypartners.com
Posted at 19/1/2021 15:56 by olliemagern
VCF Latest NAV I have for Y end June 2019 is $0.4687.
The 7th Jan 2021 offer of $0.147 for our shares seems derisory.

With 21 million realisation shares left, surely liquidation will not cost too much.
After waiting 11 years it looks like waiting another two years for liquidation is the best way forward.

Anyone out there with any views?
Posted at 21/5/2011 08:59 by topvest
I think I'm going for the realisation pool; what are others doing? May be an opportunity to buy some more here prior to the delisting at a very good price so will keep watching. It's all a bit of a sad end for this vehicle.
Posted at 29/11/2010 10:53 by chrisdgb
Announcement out:

The Directors of The Value Catalyst Fund Limited ("VCF") note the announcement issued this morning by DouglasBay Capital plc ("DBAY"), one of VCF's largest portfolio holdings, worth GBP25.6m as at the 18th November, 2010 - 42.6% of VCF's portfolio.
Posted at 29/11/2010 09:38 by chrisdgb
At the last results DBAY was 27% of VCF NAV.....stock currently up 47%.....!!!!!
Value Catalyst Fund share price data is direct from the London Stock Exchange

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