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Share Name Share Symbol Market Type Share ISIN Share Description
Foresight Vct Plc 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
  0.00 0.0% 72.50 71.00 74.00 72.50 72.50 72.50 251,603 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.8 0.6 0.3 241.7 127

Foresight Vct Share Discussion Threads

Showing 26 to 49 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
17/9/2003
22:15
YOO is now at 23p, thus adding another £540,000 to NAV. And TEP is up to £3, adding £250,000 to NAV. Total of £790,000 represents almost 6p, so I reckon basic NAV is now around £1.30, or around £1.85 taking into account the potential float value from ACG. There will always be a discount here, but any sniff of confirmation of float details should send these shares up 50p, as with the fund that invested in Wolfson Microelectronics who are also floating..
rivaldo
16/9/2003
21:03
And another 1p on YOO since the last post adds another £180k to FTV's NAV, or 1.5p. Total NAV is now £1.235, or £1.79 with ACG floating per the press speculation.
rivaldo
16/9/2003
16:10
YOO is now up to 18.8p. With FTV's 14.26m shares and (currently) 3.75m options, that's an increase of around £600k on my previous NAV for FTV, or around 5p. That takes NAV to around £1.22, before any uplift on Advanced Composites on flotation. If ACG floats at the mooted valuation, then NAV would be around £1.77.
rivaldo
08/9/2003
16:41
Well, the directors are keen...I suppose if there's no stock around you get in the best way you can with a few warrants. RNS just out: "Director's Shareholding The Company announces that it has been notified that on 5 September 2003 DJG Royds, a director of the Company, purchased 20,000 Ordinary Warrants at a price of 15p per Ordinary Warrant. The Company further announces that it has been notified that on 8 September 2003 BW Fairman, also a director of the Company, purchased 10,000 Ordinary Warrants at a price of 20p per Ordinary Warrant. Following this purchase DJG Royds is interested in 24,000 Ordinary Warrants and BW Fairman is interested in 33,100 Ordinary Warrants representing 1.39 per cent. and 1.91 per cent. of the Ordinary Warrants that are in issue."
rivaldo
08/9/2003
10:51
I also like the look of Actimax. FTV have 42% of Actimax, plus warrants, at a cost (and current valuation) of £600k, valuing Actimax at around £1.5m. But FTV stated that Actimax is now trading profitably. Here's Actimax' web site: http://www.actimax.co.uk On it there's an interview with the "chief", John Massey, in which he states that with flat turnover "profitability has improved significantly". He also states his ambition is to "take Actimax public" (well, he would wouldn't he). But a nicely profitable business, accredited by Cisco and Microsoft which recently delivered a £150,000 call center contract for a local authority - if Actimax was a plc, FTV's £600k for 42% would be valued at a fair bit more than cost.
rivaldo
07/9/2003
22:52
Hotdollar Due to the change in the accounting date the last conversion date will be 30 April 2004. The year end is 31 December. Accounts will be issued in March 2004.
linhur
07/9/2003
21:21
Thanks Nissi, I also found out this weekend that there is only one conversion date left on the FTV warrants: 31 Jan 2004
hotdollar
07/9/2003
16:48
Thanks Nissi, I was in a rush and assumed hotdollar meant the Yoomedia options. Also worth a mention, Advanced Composites got mentioned on the front page of the Sunday Times last week, confirming it had struck a five year deal with Martin-Baker to supply parts re ejection seats. The article also mentioned ACG's intention to float this year.
rivaldo
05/9/2003
18:07
got to correct a few posting here point 3) it is upto 18m if they hold on to 2008 If they excercise this year it is 3.75m at 10p I did not mention about FTV warrants but they are convertable at 100p at 1:1
nissi beach
05/9/2003
17:32
Hotdollar, Nissi Beach explained the conversion rights on the previous FTV thread - sorry, I'm in a rush or I'd post them now myself! Mart, yes this is very illiquid - difficult to buy, but easy to sell at present.
rivaldo
05/9/2003
11:23
Does anyone recall what the conversion rights for teh Foresight VCT warrants are and when they expire?
hotdollar
05/9/2003
11:19
Blimey, doesn' take much to move it!
mart
05/9/2003
10:21
Nissi, I'm starting a new thread on FTV - hope you don't mind. You'll see why, and I think you'll be pleased!
rivaldo
05/9/2003
00:33
They have 375000 loan convertible at prices depending on the year 10p this year dropping by 2p each year. So the longer they hold loan the cheaper the shares They are forced to convert when the price reached 30p In my missing post i said i only got 500 due to most of it in YOO long term or short term money in CPM
nissi beach
05/9/2003
00:07
Hi Nissi, I was looking to buy loads of these at evidently the same time as you, but ended up with just 1,500 at around 80p as there was no stock around (probably 'cause you got it!). I was unaware of the YOO options and am a bit confused about how they work. Do you mind clarifying at what prices and in what years the 18m options are exerciseable? Many thanks
rivaldo
03/9/2003
17:05
Good call Nissi
me me
03/9/2003
14:03
Those who followed my advice please own up
nissi beach
02/9/2003
16:17
FTV has a major holding in YOO 14m with options on upto another 18m at only 2p in 2008 The rise from 4p to 11p has added another 7p to the NAV so the NAV must be in excess of 108p now Now consider the options Value of these ranges with YOO at 15p 2003 3.75m at 5p profit (15-10p exercise price) or 1p per £150K gain approx 2004 1.5p 2005 2p 2008 6p Plus from the sale of telecom plus a special div of 8p to those who hold shares on the 5th September DYOR but at 80p looks undervalued doesn't it?
nissi beach
15/8/2003
13:56
Yes he was but doesn't post here now.
analyst
15/8/2003
13:44
Bullshare were you on the old ESI bbs?
rajgill
15/8/2003
09:53
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
08/8/2003
11:24
No intention to wind up for FTV. As most of the portfolio is unquoted it is hard to get a handle on values. However FTV have a few winners in the locker which they are hoping to IPO or make trade sales from.Cash will be handed back by way of dividend (tax free).This probably will not happen until summer 2004 depending on IPO market. regards Linhur
linhur
02/8/2003
09:08
Thanks - Do you follow these things? When they do get wound up, do you know roughly how close to NAV gets handed back to shareholders?
irresponsible
01/8/2003
23:18
Most VCTs have had a difficult couple of years: NAVs have plummeted, and a limited number of forced sellers have led to crashing prices. The upswing could be both large and steep as early stage investments develop, exit opportunities present, and if tech sentiment continues to improve. If not, some could continue to wither, ending in wind-up or merger with other trusts. Risks are of early stage Cos., tech sector, lumpy portfolio, etc. Illiquidity doesn't help.
spin doctor
Chat Pages: 8  7  6  5  4  3  2  1
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