Ventus Vct (VEN2)

Company name:	Ventus Vct 2
EPIC:	VEN2	Trading Currency:	GBX
Market Sector:	SQQ3	ISIN:	GB00B0WCHT14
Market Segment:	SSQ3	Share Type:	DE
WWW Address:		Description:	ORD 25P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
70.50	0.0 [0.00]	69.00	72.00	70.50	70.50	70.50	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
17.20	24.39	0.01	1.90	5.00	37.11	7.09	72.00 - 68.50

Ventus Vct Key Figures

(at previous day's close)
Market Cap.	17.20	m
Shares In Issue	24.39	m
Prev. Close	70.50
PE Ratio	37.11
Dividend Yield	7.09	%
EPS - basic	1.90	p
Dividend PS	5.00	p
Dividend Cover	0.38
Cash Flow PS	1.24	p
Return On Equity (ROE)	2.44	%
Operating Margin	60.72	%
PEG Factor	-0.51
EPS Growth Rate	-72.54	%
Dividends PS Growth Rate	-	%
Net Debt	-0.30	m
Gross Gearing	0.43	%
Quick Assets	0.58	m
Net Working Capital	0.50	m
Intangibles / Fixed Assets	-	%
Turnover PS	3.29	p
Pre-Tax Profit PS	2.00	p
Retained Profit PS	-3.10	p
Cash PS	1.57	p
Net Cash PS	1.23	p
Net Tangible Asset Value PS *	78.20	p
Net Asset Value PS	78.20	p
Spread	3.00 (4.17%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Ventus Vct Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	71.50	70.50
4 weeks	71.50	70.50
12 weeks	71.50	70.50
1 year	72.00	68.50

Share Price Chart (5 years)

Ventus Vct Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	71.50	-1.00	-1.40	70.50	0.03		70.50
4 weeks	71.50	-1.00	-1.40	70.50	0.01		70.81
12 weeks	71.50	-1.00	-1.40	70.50	0.01		71.32
26 weeks	70.50	-	-	69.50	0.01		71.01
1 year	69.50	1.00	1.44	68.50	0.02		70.29
3 years	65.63	4.88	7.43	61.25	0.02		69.59
5 years	58.13	12.38	21.29	54.00	0.02		66.15
† periods calculated are whole weeks rather than calendar months

Ventus Vct Key Management Ratios

Ventus Vct Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	0.25
PE Ratio	37.11
Tobin's Q Ratio	0.88
Tobin's Q Ratio (excl. intangibles)	0.88
Dividend Yield	7.09	%
Market-to-Book Ratio	0.90
Price-to-Pre-Tax Profit PS	35.31
Price-to-Retained Profit PS	-22.78
Price-to-Cash Flow PS	56.76
Price-to-Sales PS	21.44
Price-to-Net Tangible Asset Value PS	0.90
Price-to-Cash PS	44.90
Net Working Capital PS	2.05
Price Pct to Working Capital PS	34.46	%
Earnings Yield	2.70	%
Average PE	21.14
Years in average	5
PE to PE average	175.54	%

Ventus Vct Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	-1.57	%
Net Gearing (excl. Intangibles)	-1.57	%
Gross Gearing	0.43	%
Gross Gearing (excl. Intangibles)	0.43	%
Gearing Under 1 Year	0.43	%
Gearing Under 1 Year (excl. Intgbl)	0.43	%
Assets/Equity	1.00
Cash/Equity	2.01
(Liquidity Ratios)
Net Working Capital to Total Assets	2.60	%
Current Ratio	7.01
Quick Ratio (Acid Test)	7.01
Liquidity Ratio	4.61
Cash & Equiv/Current Assets	65.81	%
(Solvency Ratios)
Enterprise Value	16.81	m
CFO/Sales	0.38
CFO/Attributable Profit	0.65
CFO/Assets	0.02
CFO/Debt	3.65
Total Debt/Equity Market Value	0.00
Total Debt/Sales	0.10
Total Debt/Pre-Tax Profit	0.17
Total Debt	0.08	m
Total Debt/Net Current Assets	0.17	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	4

Beta (60-Mnth)	Beta (36-Mnth)
0.0089	0.0068

Ventus Vct Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	2.55	%
Return On Assets (ROA)	2.38	%
Net Profit Margin	57.98	%
Assets Turnover	0.04
Return On Equity (ROE)	2.44	%
Return On Investment (ROI)	2.39	%
Dividend Payout Ratio	263.16	%
Plowback Ratio	-163.16	%
Growth from Plowback Ratio	-3.91	%
Net Income Of Revenues	-94.14	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.04
Fixed Assets Turnover	0.04
Current Assets Turnover	0.88
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	24.32
Debtors-to-Sales	35.60	%
Debt Collection Period	129.93	Days

Ventus Vct Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
31 Oct 2018	Interim	GBX	2.50	03/03/2018	31/08/2018	13/12/2018	14/12/2018	16/01/2019	-
01 Jun 2018	Final	GBX	2.50	28/02/2017	28/02/2018	12/07/2018	13/07/2018	08/08/2018	5.00
31 Oct 2017	Interim	GBX	2.50	03/03/2017	31/08/2017	14/12/2017	15/12/2017	17/01/2018	-
01 Jun 2017	Final	GBX	2.50	28/02/2016	28/02/2017	13/07/2017	14/07/2017	09/08/2017	5.00
01 Nov 2016	Interim	GBX	2.50	02/03/2016	31/08/2016	15/12/2016	16/12/2016	18/01/2017	-
17 Jun 2016	Final	GBX	2.75	01/03/2015	29/02/2016	14/07/2016	15/07/2016	10/08/2016	5.25
30 Oct 2015	Interim	GBX	2.50	03/03/2015	31/08/2015	10/12/2015	11/12/2015	13/01/2016	-
29 May 2015	Final	GBX	2.10	28/02/2014	28/02/2015	09/07/2015	10/07/2015	05/08/2015	4.10
29 Oct 2014	Interim	GBX	2.00	03/03/2014	31/08/2014	11/12/2014	12/12/2014	14/01/2015	-
30 May 2014	Final	GBX	1.75	28/02/2013	28/02/2014	09/07/2014	11/07/2014	06/08/2014	3.50
29 Oct 2013	Interim	GBX	1.75	03/03/2013	31/08/2013	11/12/2013	13/12/2013	15/01/2014	-
28 May 2013	Final	GBX	1.75	28/02/2012	28/02/2013	10/07/2013	12/07/2013	07/08/2013	3.50
30 Oct 2012	Interim	GBX	1.75	02/03/2012	31/08/2012	12/12/2012	14/12/2012	16/01/2013	-
31 May 2012	Final	GBX	2.30	01/03/2011	29/02/2012	11/07/2012	13/07/2012	08/08/2012	2.30
22 Jun 2011	Final	GBX	1.00	28/02/2010	28/02/2011	13/07/2011	15/07/2011	10/08/2011	2.50
29 Oct 2010	Interim	GBX	1.50	28/02/2010	28/02/2011	08/12/2010	10/12/2010	12/01/2011	-
29 Oct 2009	Interim	GBX	1.50	28/02/2009	28/02/2010	09/12/2009	11/12/2009	13/01/2010	1.50
31 May 2007	Final	GBX	0.75	28/02/2006	28/02/2007	11/07/2007	13/07/2007	06/08/2007	1.50
31 May 2007	Interim	GBX	0.75	03/03/2006	31/08/2006	-	-	-	-

Ventus Vct Fundamentals

	28 Feb 2015 (GBP)		29 Feb 2016 (GBP)		28 Feb 2017 (GBP)		28 Feb 2018 (GBP)
turnover	-	-	-	-	2.04	100.00%	0.80	-	m
pre tax profit	0.64	-	1.74	-	1.74	85.27%	0.49	-	m
attributable profit	0.64	-	1.69	-	1.69	82.96%	0.47	-	m
retained profit	-0.27	-	0.57	-	0.41	20.04%	-0.76	-	m
eps - basic (p)	2.63		6.92		6.92		1.90
eps - diluted (p)	2.63		6.92		6.92		1.90
dividends per share	4.10		5.25		5.00		5.00

Ventus Vct Balance Sheet

	28 Feb 2015 (GBP)		29 Feb 2016 (GBP)		28 Feb 2017 (GBP)		28 Feb 2018 (GBP)


	28 Feb 2015 (GBP)		29 Feb 2016 (GBP)		28 Feb 2017 (GBP)		28 Feb 2018 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	16.98	91.35%	17.27	89.78%	18.60	93.71%	18.58	96.96%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	1.15	6.18%	1.55	8.03%	0.37	1.87%	0.20	1.04%	m
cash & securities	0.46	2.46%	0.42	2.19%	0.88	4.42%	0.38	2.00%	m

TOTAL	18.58	100%	19.24	100%	19.85	100%	19.16	100%	m

LIABILITIES
creditors - short	0.10	0.55%	0.06	0.33%	0.08	0.42%	0.08	0.43%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	0.10	0.55%	0.06	0.33%	0.08	0.42%	0.08	0.43%	m

EQUITY
ord cap, reserves	18.48	99.45%	19.18	99.67%	19.76	99.58%	19.07	99.57%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	18.48	99.45%	19.18	99.67%	19.76	99.58%	19.07	99.57%	m

OTHER
NAV Basic	75.80		78.60		-		78.20
NAV Diluted	75.80		78.60		-		78.20

Ventus Vct Cash Flow Statement

	28 Feb 2015 (GBP)	29 Feb 2016 (GBP)	28 Feb 2017 (GBP)	28 Feb 2018 (GBP)
Operating CF	0.03	0.92	1.51	0.30	m
Pre-Financing CF	0.81	1.09	1.74	0.73	m
Retained CF	-0.10	-0.04	0.46	-0.49	m

Ventus Vct Brokers

Name	Activity	Type	Mnemonic	Code
Matrix Corporate Capital LLP	Market Maker(MMF)	Broker/Dealer	MATX	MCOCGB21MMK
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC