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FTV Foresight Vct Plc

79.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 79.00 0.00 08:00:05
Bid Price Offer Price High Price Low Price Open Price
77.50 80.50 79.00 79.00 79.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 16.88M 12.7M 0.0512 15.43 195.88M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 79.00 GBX

Foresight Vct (FTV) Latest News

Foresight Vct News

Date Time Source Headline
15/4/202418:20UKREGFinal Results
09/4/202416:02UKREGIssue of Equity
08/4/202419:33UKREGNet Asset Value(s)
28/3/202416:30UKREGTotal voting rights
21/3/202415:09UKREGIssue of Equity
11/3/202414:30UKREGPortfolio Update: Sale of portfolio company Specac International delivers..
29/2/202416:30UKREGTotal voting rights
22/2/202416:13UKREGIssue of Equity
08/2/202415:35UKREGIssue of Equity
08/2/202412:28UKREGNet Asset Value(s)

Foresight Vct (FTV) Discussions and Chat

Foresight Vct Forums and Chat

Date Time Title Posts
20/1/202118:02Foresight VCT 200762
27/1/200709:05ftv-
13/9/200420:34Foresight VCT - Owns 17.18% of YOOMEDIA38
09/6/200409:20advice on special dividend of 52p xd 9/6/047
01/4/200412:16Foresight VCT - Ј1 share price plays Ј1.78 prospective NAV51

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Foresight Vct (FTV) Most Recent Trades

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Foresight Vct (FTV) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by Foresight Vct Daily Update
Foresight Vct Plc is listed in the Investors, Nec sector of the London Stock Exchange with ticker FTV. The last closing price for Foresight Vct was 79p.
Foresight Vct currently has 247,954,595 shares in issue. The market capitalisation of Foresight Vct is £195,884,130.
Foresight Vct has a price to earnings ratio (PE ratio) of 15.43.
This morning FTV shares opened at 79p
Posted at 20/1/2021 18:02 by damanko
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
Posted at 06/12/2013 10:37 by seekerofvalue
damanko

I made my first purchase of FTV on Wednesday, as a sleep easy investment and income play.
Posted at 03/12/2013 19:59 by damanko
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
Posted at 17/2/2012 14:00 by damanko
Hm. Probably sums up too many brokers. I don't buy Unit Trusts for pretty much the same reasons, costs are too high compared to IT's, and in any case are commission driven, whereas IT's don't pay it to IFA's, so why would they recommend them.

I do my own stuff, these days - as you know - because I can. Run a couple of SIPPs with minimal costs, buy and sell online. Same with ISAs and run of the mill direct investments. What's your email address? You can post it here, wait ten minutes and then edit your post to delete it. I'll be in touch. Regards and happy hoping with FTV etc....
Posted at 17/2/2012 13:15 by damanko
That's right - where I found it. Happen we should look more often. Just happened to be really, really bored this morning.

For info, I think the total income has been 29.5p. Though I have two payments of 5p from 2004 & 2005. On reflection, they may have been 0.05p, I'd have to hunt through old records. In which case the payments would total only 20.5p. Sounds more like it in fact.............

I do occasionally wonder how many holders bother with this thread (or the old "C" one). Not many, I suspect - perhaps many are giving the daisies some upward pressure.

Original holders of Foresight VCT (as opposed to the "C" class) are closing in on £3.00 of tax free returns, plus the current share price to add to that. Nice work if we had got it, and not chosen to be mugs. C'est la vie.....
Posted at 17/2/2012 12:44 by ferrism
Yes, that's right. My holding purchased Dec '99 equates to a price of £1.80. I haven't calculated the income so far but it's not enough!!!!
By the way, where did you find the article about Autologic? There was no RNS, as far as I can see.
Posted at 17/2/2012 12:33 by damanko
To clarify that: If, like me - you bought at flotation in the year 2000, the buying price equates to £1.80. So quite some way to go, though I agree that things look nore hopeful than for many years.
Posted at 13/12/2011 19:16 by damanko
Quite right ferrism, and I guess between us we have 20+ years holding this. What a pair of mugs.......!

Having said that, have to hope for a few more exits like the recent one. As you know the management group will purchase back shares, which may be the best route to sell.

Note that almost 88,000 shares were traded today, so perhaps volume like this will also drive up the price (in the short term at least).

I too haven't sold any (more fool me), but should the price continue to creep towards what we paid for FTV 'C' all those years ago........ a way to go yet though.
Posted at 10/12/2011 11:45 by damanko
Sorry, behind the curve on this one, dividend of 7.5p being paid in March 2012. So a nailed on yield of seven and a half percent for any new investors, which is starting to show in the price.

TIDMFTV

Foresight VCT plc
Interim Management Statement for the Quarter Ended 30 September 2011

Foresight VCT plc presents its interim management statement for the quarter
ended 30 September 2011. This constitutes the company's second interim
management statement for the financial year ending 31 December 2011, as required
by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

The unaudited net asset value (NAV) per Ordinary Share as at 30 September 2011
was 123.8p (30 June 2011: 108.8p). The principal reason underlying the uplift
in the NAV was the sale of the investment in App-DNA Group Limited to Citrix
Systems Inc on 26 October 2011. Citrix Systems Inc acquired all of the equity in
App-DNA Group Ltd for a total consideration of $92m and Foresight VCT plc
received initial consideration of GBP7.3m, compared to a last reported carrying
value of GBP4.55m. This equates to a return of approximately 32 times the original
cost of investment. In addition a further GBP0.9 million of escrow amounts,
subject to various warranties, could be receivable by the ordinary shares of
Foresight VCT over the next four years.

The unaudited net asset value (NAV) per Planned Exit Share as at 30 September
2011 was 89.8p (30 June 2011: 93.7p). The Board is not aware of any significant
events or transactions between the date of the NAV and the date of publication
of this Interim Management Statement.

The number of Ordinary Shares in issue at 30 September 2011 was 28,694,271.
During the three months ended 30 September 2011 no shares were issued or re-
purchased by the company for cancellation.

The number of Planned Exit Shares in issue at 30 September 2011 was 6,179,833.
During the three months ended 30 June 2011 no shares were issued or re-
purchased by the company for cancellation.


Net assets of the Ordinary Shares fund at 30 September 2011 comprised the
following:
+-------------------------------------------------------+------+---------------+
| | GBP'000 |% of Net Assets|
+-------------------------------------------------------+------+---------------+
|Unquoted Investments at fair value as determined by the| | |
|Directors |28,622| 80.5|
+-------------------------------------------------------+------+---------------+
|Quoted investments at bid price | 1,061| 3.0|
+-------------------------------------------------------+------+---------------+
|Total venture capital investments |29,683| 83.5|
+-------------------------------------------------------+------+---------------+
|Net Current Assets | 5,847| 16.5|
+-------------------------------------------------------+------+---------------+
| | | |
|Net Assets |35,530| 100.0|
+-------------------------------------------------------+------+---------------+


Net assets of the Planned Exit Shares fund at 30 September 2011 comprised the
following:
+--------------------------------------------------------+-----+---------------+
| | GBP'000|% of Net Assets|
+--------------------------------------------------------+-----+---------------+
|Unquoted Investments at fair value as determined by the| | |
|Directors |3,212| 57.9|
+--------------------------------------------------------+-----+---------------+
|Quoted investments at bid price | 0| 0.0|
+--------------------------------------------------------+-----+---------------+
|Total venture capital investments |3,212| 57.9|
+--------------------------------------------------------+-----+---------------+
|Net Current Assets |2,336| 42.1|
+--------------------------------------------------------+-----+---------------+
| | | |
|Net Assets |5,548| 100.0|
+--------------------------------------------------------+-----+---------------+

Quoted investments are carried at bid price as at 30 September 2011. Unquoted
investments are carried at fair value as at 30 September 2011 as determined by
the directors.

During the three months ended 30 September 2011 the following significant
investment transactions took place (all companies unquoted except where
otherwise indicated):


Ordinary Shares Portfolio

Follow-on investments:

+-----------------+-----------------------------------+-----------------------+
| Name of Company | Business Activity | Amount Invested GBP'000 |
+-----------------+-----------------------------------+-----------------------+
| Silvigen | Integrated biomass fuel solutions | 94 |
+-----------------+-----------------------------------+-----------------------+

Investment disposals:

+---------------------------+---------------------------+-------------+--------+
|Name of Company |Business Activity |Original Cost|Proceeds|
| | | GBP'000 | |
| | | | GBP'000 |
+---------------------------+---------------------------+-------------+--------+
|Autologic Diagnostics |Automotive diagnostic|0 |376 |
| |equipment | | |
+---------------------------+---------------------------+-------------+--------+
|Clarity Commerce Solutions|Hospitality, leisure and|675 |159 |
|(AIM listed) |customer engagement| | |
| |software | | |
+---------------------------+---------------------------+-------------+--------+
|AppDNA |Application migration|83 |83 |
| |software | | |
+---------------------------+---------------------------+-------------+--------+
|Trilogy Communications |Broadcast and defence|23 |23 |
| |communications | | |
+---------------------------+---------------------------+-------------+--------+
|Rivington Street Holdings |Network security software |17 |16 |
+---------------------------+---------------------------+-------------+--------+
|Sarantel (AIM listed) |Antennas for mobile phones |556 |15 |
+---------------------------+---------------------------+-------------+--------+


Planned Exit Shares Portfolio

New investment:

+-------------------+----------------------------+-----------------------+
| Name of Company | Business Activity | Amount Invested GBP'000 |
+-------------------+----------------------------+-----------------------+
| Porchester Equity | Investment Holding Company | 625 |
+-------------------+----------------------------+-----------------------+

Investment disposals:

None
Posted at 10/12/2011 11:35 by damanko
To any holders still left out there.... (and what a quiet bunch we are...). Note the recent hike in the share price, presumably due to the following:

Foresight Group sells APP-DNA for US$92m - Generating 32x return for its its investors
26/10/2011
•UK software success, App-DNA, attracts a US$92m bid from NASDAQ-listed Citrix Systems
•Leading SME investor Foresight Group's investment of £750k on behalf of Foresight VCT and Income & Growth VCT to generate up to £25m
•Foresight VCT to achieve stellar returns for investors (32x, representing a 240% IRR) on sale of its portfolio company App-DNA to Citrix Systems
Foresight Group has reached conditional agreement for the sale of App-DNA Group Limited (App-DNA) to Citrix Systems Inc. (NASDAQ: CTXS), which is acquiring all of the equity in App-DNA for a total consideration of $92m (£57.6m), subject to completion adjustments. It is expected that completion will occur during November 2011, once certain administrative conditions have been fulfilled.

Foresight invested £771k in the company, on behalf of the Foresight VCT and The Income & Growth VCT. The acquisition by Citrix will return up to £25m in aggregate to the two funds, representing a return of 32x the original investment.

App-DNA, which was spun out of Foresight portfolio company Camwood in 2010, has become the leading specialist in Application Migration and Compatibility Software including App-DNA™ and AppTitude™ which it distributes to blue chip companies around the world. The company has created 80 jobs since the investment by Foresight and has offices in London, Chicago, Sydney and Paris.

Russell Healey, a Partner at Foresight Group, commented: "The App-DNA team has done an incredible job in taking the company from its spin-out from Camwood and developing it into the global leader in its field. App-DNA is typical of the growth capital investments Foresight makes in UK SMEs; an exceptional management team, profitable, high growth, a large global market and a sustainable competitive advantage."

"This transaction highlights the role that VCTs play in funding UK SMEs, and in particular in providing growth capital at a time when traditional bank funding is scarce. Foresight is one of the leading investors in UK SMEs, with an investment team of eight professionals and investments in over 50 companies across a wide range of sectors thoughout the UK."

App-DNA was one of four companies in the Foresight portfolio that were recently profiled in the Sunday Times Tech Track 100 supplement.

Have contacted the group regarding the possibility of a special dividend being paid. Anyone interested still out there? Latest accounts (before the sale of APP DNA to Citrix Systems) shows APP DNA on the books at a cost of £173,212.00 and a valuation of £4,554,321.00. This was dated 30th June 2011.
Foresight Vct share price data is direct from the London Stock Exchange

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