Foresight Vct Share Discussion Threads

[jmillskeel] 24/9/2003 14:53

nice tick up :))

[rivaldo] 22/9/2003 18:44

A fundraising announcement tonight by FTV:


Extracts:
"Offer for Subscription of up to 1,101,646 new Ordinary Shares together with
3,304,938 new 'C' Ordinary Shares being offered in packages consisting of one
new Ordinary Share and three new 'C' Shares ('New Shares')."

And interestingly:
"The net asset value of each Ordinary Share and 'C' Share on 18
September 2003 was 142.37p and 68.77p respectively making the subscription cost
of each package £368.97. Based on these net asset values the Company will raise, upon full subscription, approximately £3.8llion, net of expenses."

And:
"Advanced Composites Group Limited is currently considering exit opportunities including a flotation"

So NAV last week (before Friday's rise in YOO, which was probably worth another 15p offhand!) was £1.42, compared to a £1.25 share price. It seems the valuation of ACG has been increased, but of course this is before a probable substantial increase in worth following a flotation. I suspect the directors are both taking advantage of outperformance and allowing shareholders (including themselves?) to collect more shares prior to a possible uplift from ACG (and YOO).

I'll have to think carefully about this one!

[rivaldo] 22/9/2003 08:51

FTV failing to keep pace with YOO (mind you, so is everything else!).

YOO up 6p, FTV up only 1.5p when YOO's rise equates to around 8p-9p (and TEP is up 4p as well!).

[rivaldo] 21/9/2003 20:33

Cheers matthewa, though modesty permits me to note that it's been pretty difficult NOT to make money over the last few months in these markets!

Jmillar, I certainly like FTV's selections. YOO could go a lot higher (or a lot lower!), but TEP looks set for another run at some stage and even their smaller investment in CCS is moving nicely now. I suppose many will wait for the float of ACG to be formalised before buying in for the big gains - but no doubt it'll be too late by then (the MM's will have made sure of that).

[matthewa] 21/9/2003 18:39

rivaldo - You seem well on form at the moment EVG coming on strong as well. Keep it up!

[jmillskeel] 21/9/2003 15:36

glass half full (lol) just updated my years trading need to but 20k to one side for the tax man..
Had upto 350k of yoo and sold up will keep the 125k, suprise more people are not getting to ftv it seems like a winner to me...

[rivaldo] 21/9/2003 09:04

Nissi,

A return of 42 times your investment in this timeframe probably constitutes some kind of record, almost something to tell your grandchildren about someday!

Re FTV's NAV, FTV has 12.92m shares, but has 14.26m shares in YOO and (please correct me if I'm wrong), at this point has another 3.75m options in YOO rising as per your prior posting. On that basis FTV's NAV increases by nearer 1.5p for every 1p rise in YOO.

Since I bought in recently at 80p I don't yet have FTV's accounts, so don't have the full story on the YOO options.

Also waiting for further news on a float of ACG. Wolfson Micro's float looks on according to today's Telegraph, so with an improving IPO market ACG may come soon, which would really set a rocket under FTV's price...

[nissi beach] 20/9/2003 19:55

rivaldo

i wish but i only bought 100K at 0.95p so i am not rich just richer.

Rearding the NAV of FTV for every 1p rise in YOO NAV goes up 1p

[rivaldo] 19/9/2003 21:11

With YOO at 100p, and ACG floated, I reckon FTV's NAV would be around £2.90.

Jm, I can see you're a glass half full kinda guy!

[jmillskeel] 19/9/2003 19:36

rivaldo only hold 125k now of yoo sold the rest too soooonnnn. :)

Av for yoo 3.6 so quite happy, if yoo where to reach 100p what would that do for the NAV ??

[rivaldo] 19/9/2003 18:28

Thanks jm. Incidentally, many congrats on you and Nissi re YOO - you must be millionaires by now if you got in at 2 or 3p!

YOO is now at 42p. Today's rise IMO adds £2.5m to FTV's NAV. This represents a mere (!) 20p, taking basic NAV to around £1.57 and potential NAV following a float by ACG to £2.12.

Despite the (nice) rise in FTV today, there's still a big discount to NAV, though I suppose YOO profit-taking might erase some of that.

[jmillskeel] 19/9/2003 08:16

rivaldo busy today i will get to asap..

[cfol] 19/9/2003 08:09

Just stumbled on this last night - interesting reading. Been holding YOO for a while and that investment alone has driven me to get on board here.

You ought to make some of those on the YOO thread aware of the potential. I haven't read up enough on FTV yet personally (jumping in blindly with both feet as usual) - and wouldn't wish to steal anyones thunder when I haven't fully satisfied myself that the risk is acceptable.

cfol

[rivaldo] 19/9/2003 00:53

No probs - if it brings FTV to people's attention and gets the price up that's fine by me!

If/when ACG floats we can start another thread concentrating on that rather than YOO.

[nissi beach] 19/9/2003 00:31

I let you do the new thread. I might be in for some more FTV after CPM rises tomorrow

[nissi beach] 19/9/2003 00:21

you mean like my original thread

[rivaldo] 18/9/2003 20:38

Jmillskeel - will you be updating the opening post with a chart and a summary of why FTV is IYHO a bargain at present, or leaving as is? Sorry, it seems a little short on info at present! Just my opinion.

Anyway, here's my latest take on NAV. With YOO on 28p or so, that's worth an extra £500,000 on FTV's NAV. And TEP is at 310p, so that's another £75,000. Total of £575k is, say, another 4p on NAV (I'm rounding here).

So basic NAV is now around £1.37, and with a float for ACG NAV could be up to £1.92 in the next couple of months.

[jmillskeel] 18/9/2003 16:57

So whats the nav now ??

[jmillskeel] 18/9/2003 14:43

Net Asset Value
Under the terms of the Offer for Subscription announced on 22 September 2003 the
Board announced that the unaudited Ordinary Share and "C" Share net asset values
would be published as soon as possible following a month end or more frequently
if in the Directors' opinion there was a significant movement in the net asset
value of each fund.
On 23 September the Board announced a new unaudited net asset value of 158.99p
per Ordinary Share as it had significantly increased compared to 142.37p per
Ordinary Share as at 12 noon 18 September 2003.
The Board today announces that the unaudited net asset value per Ordinary Share
as at 30 September 2003 has moved significantly and the new unaudited net asset
value is 146.18p per Ordinary Share.
The 30 September 2003 month end unaudited net asset values, based on management
accounts for the Ordinary Shares fund and "C" Shares fund, are expected to be
announced on 20 October 2003

[jmillskeel] 18/9/2003 13:04

i will do one later bit busy now..

[jmillskeel] 18/9/2003 11:16

I agree i suppose what i am getting at is the fact that fvt is not very well known and i think the tie up with yoomedia with fvt holding 17% should be more 'eye catching'.

However fair enough..

[rivaldo] 18/9/2003 11:01

Hi jmillskeel,

To be honest the present title is still pretty relevant IMO - if NAV was to reach £2+ or there was definite ACG float news, perhaps then would be the time for a new thread? Otherwise we'll be starting a new thread every few days.

Having said that, NAV is really cruising now! YOO up 2p to 25p, that's another £360,000 on NAV, or around 3p. So basic NAV is now, say, £1.33, and post ACG float NAV could be £1.88.

[jmillskeel] 18/9/2003 09:23

Rivaldo i suggest we start a new thread with a new title if you want i can set it up.