I have been in these for 10 years or so. Roughly break even on capital but done very well for dividends- and of course got the initial 30% tax relief which was very handy.
VCTs are great when you can utilise that tax relief, which I certainly have over the years. The case for them without that is not so compelling at the moment but in normal times a circa 5% divi isn’t too bad. |
Evening 'all', or rather - both.
In 24 years as a holder, I'm sitting on a capital loss of about 16K. However in that time, including the special at the end of this month, I'll have received a little over 19K in dividends, so things could have turned out worse.
Though I've always taken the dividends in cash, and will continue to do so.
With FTV, I have a lot more faith in cash to spend, rather than the quality of FTV's management... The BOD made a number of fairly nonsensical investment decisions during the early years of this century, and shareholders suffered as a result. Onwards...
d. |
Yes, very nice. Mine will be reinvested through the DRIS.
With latest divis Foresight is now my best performing VCT since I started with them, closely followed by British Smaller Companies. |
I'm still in there! Great Special Divi announced today! |
Yep, still raking in my VCT dividends which are providing an important part of my retirement income. Foresight doing better than many VCTs I hold though with a lot of them having much bigger NAV falls. |
Hello fellow VCT holders, anyone still out there..? He says hopefully... |
elianasgrandpa,
Are you still there, and if so, still invested in Foresight VCT...?
No sunny weather report, Norwich wet and getting wetter. Bit like the FTV share price...
Regards,
damanko
20/01/2021 |
There is a detailed report on Foresight VCT's recent AGM which can be found in our members network:
Our members network is exclusive to full members so to access the report, you'll need to be a full member of ShareSoc. We are a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:
Once you've joined, you'll receive an invitation to register for our "members network", our private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: |
There is a detailed report on Foresight VCT recent AGM which can be found in our members network:
Our members network is exclusive to full members so to access the report, you'll need to be a full member of ShareSoc. We are a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:
Once you've joined, you'll receive an invitation to register for our "members network", our private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: |
damanko
I made my first purchase of FTV on Wednesday, as a sleep easy investment and income play. |
Here's the reason for today's RNS:
hxxp://www.bizjournals.com/atlanta/news/2013/12/03/ncr-to-buy-digital-insight-closes-on.html |
 For the few of us still alive and kicking here:
The following news is good in one respect, but in another sense implies that a quarter of FTV's assets now sit in cash - as a result of the Alaric sale. So the good news is that a special dividend seems quite in order.
The other side is that 25% of FTV's NAV no longer exists, and - given the normal discount to NAV, FTV's share price may well head south...........
Company Foresight VCT PLC
TIDM FTV
Headline Foresight VCT PLC : Portfolio update
Released 14:25 03-Dec-2013
Number HUG1747424
Foresight VCT plc
Portfolio Update
Foresight VCT PLC ("Foresight VCT") announces the sale by its Ordinary Share Class of its investment in Alaric Systems Limited ("Alaric"), which provides payment processing and fraud prevention software, to a subsidiary of NCR Corporation.
Foresight VCT Ordinary Share Class has sold its investment of ordinary shares and loan stock in Alaric for GBP7.13 million, of which GBP1.12 million is held in escrow and in the absence of any claims against Alaric should become payable in tranches over the next four years. The carrying value of the investment in Alaric in Foresight VCT's interim management statement for the period ended 30 September 2013, published on 15 November 2013, was GBP6.375 million.
This represents a return of over five times original cost and 25% of the net asset value of Foresight VCT Ordinary Share Class as at 30 September 2013.
In consequence, the Board will be considering a further distribution to investors and will make an announcement in due course.
For further information please contact:
Gary Fraser, Foresight Group: 01732 471800 |
Damanko
No problem, please spread the word, I tend to use TMF in preference to ADVFN for VCT write ups and commentary, as it keeps everything in one place and I know that the managers and directors regularly view TMF to find out what investors think of them and to find out what investors think of their peers and rivals. The fact that it is moderated, helps too. |
The AGM was yesterday, see report over on TMF: |
Read about this new investment in yesterday's Sunday Times, here is the bumph in a little more detail:
Apologies if I've woken anyone on this thread up................ |
I'm still here. Well, last time I looked I was. |
No. Nobody here. And I'm off out now............ |
Anyone still here...? |
Okay - I have it, thanks. Will reply in the next day.... (I'm a slow, sad old git as well). |
I did reply to your email but it probably, quite reasonably, ended up in your junk folder! |
Done. Look forward to hearing from you. I'll warn you I'm very slow at replying to emails! |
Got it. Delete.......... |
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