Share Name Share Symbol Market Type Share ISIN Share Description
Proven Vct LSE:PVN London Ordinary Share GB00B8GH9P84 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 79.00p 78.00p 80.00p 79.00p 79.00p 79.00p 2,500 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.5 -0.6 -0.6 - 80.18

Proven Vct Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
24/10/2018
13:24
Yup, I've just read it. I think they're raising again, but it may be for 18-19 not 19-20.
jonwig
24/10/2018
13:11
Straight lift of the post by james188 on Lemonfool....pointless typing this as well as summed up perfectly. A happy holder. ..................................... And today we have the full detail in the half-year report just out. A special dividend of 25.25p per share declared, payable on 30th November. ProVen Growth is also pretty good at 4.5p per share, but the ProVen VCT realisations over the last six months have been simply outstanding. It obviously means a big reduction in the NAV because (for ProVen VCT) the dividend equates to 25.3% of the NAV as at 1 March 2018. The manager is also in line for a large performance fee. It should mean that the presentations by ProVen next week will be a happy event. Anyone else going?
steve3sandal
27/7/2018
11:14
@ Jombaston - this fund is showing the way with VCTs. Most of the dross has disappeared but there are still many which take the fees and achieve little.
jonwig
27/7/2018
11:05
IMS out today, confirming the substantial disposals. As discussed, the Watchfinder stake has been sold for 2x the carrying value as of 1/3/18 giving a 8.8x on intial cost and a whacking £23m. Chargemaster has generated £7.6m, which is a £2m uplift on previous valuation, but less than the headline £130m sale implies. I suspect there could be further contingent payments. No mention of specials but surely a large one awaits with 25% of the fund (31 May value)having been realised.
jombaston
29/6/2018
07:57
Seen the BP Chargemaster news now. Never been correct with a guess that quickly before! At £130m and with Proven VCT having 8.5% about £11m. That doubles the Feb 18 valuation being carried. Don’t get too excited it’s about an extra 5.5p to the NAV before costs assuming debt and cash free. Good news probably also for users and the need for a massive network of charging points.
steve3sandal
28/6/2018
13:26
Well BP are buying Chargemaster should be a nice profit for us in there somewhere. Might be a good time as every time I come across a Chargemaster customer they are not happy. Poor service typical of a build up to sell. All good for me as my company have taken work from them and I get a nice divi from the share sale.
takeatip
07/6/2018
12:51
I did note that the possible Chargemaster IPO to include a fund raise didn’t go ahead. Instead they raised privately and I guess at a higher price than the Feb 18 carrying valuation. Chargemaster could be right in the sweet spot. Longer term and speculating I wonder if this is where Shell and BP will find their future. Wish I had a few more.
steve3sandal
07/6/2018
07:31
Chargemaster is another one with lots of potential. They already recognise this, but there's more to come. Another company (Nexus Infrastructure) is rolling out ev charging along with water, broadband, electricity on whole housing estates in the south and midlands. And: "Launch of quality end to end solution to design, install and connect rapid electric vehicle charging points for a variety of customers such as charge point network operators, local authorities, vehicle OEMs, direct B2B and direct B2C". The government has provided £400m towards funding a national charging network.
jonwig
06/6/2018
19:12
And "There are also a number of other companies in the portfolio that are nearing an exit, which could result in further gains being realised by the Company in the coming year."
spin doctor
06/6/2018
19:10
Would be nice but commission exp etc will take its toll. I was going to sell all my shares a little while ago glad I held on now. Feel a cruise coming on.
takeatip
06/6/2018
17:00
Jombaston - I was just looking at the NAV uplift of 10p. I hope you're right, though!
jonwig
06/6/2018
16:30
They must have sold Watchfinder at a big premium to book value. It was already 10% of the fund (at end Feb) so I would venture that the special could be even larger! It was marked at 3.9x purchase - could this turn out to be an 8-bagger?
jombaston
06/6/2018
10:04
NAV 110.0p from 99.7p (28/02): The Board of ProVen VCT plc (the "Company") is pleased to announce that Richemont Holdings UK, a subsidiary of the Swiss luxury group Compagnie Financière Richemont SA, has agreed to acquire 100% of the share capital of portfolio company Watchfinder, subject to legal and regulatory approval. Based on the expected completion proceeds, less a discount to reflect the risk of non-completion, the unaudited net asset value of the Company at 6 June 2018 is 110.0p per share. So, assuming success, we ought to get a special dividend here of up to 10p.
jonwig
03/1/2018
07:49
Just had a quick look. Proven, has 7% of Chargemaster...so potential revaluation of £120m doubles up the £4.2m carrying value in recent interims. I think that’s about 4p of puff if they can get people to stump up. Big gap between this valuation and their Accounts but of course I don’t know what’s happening with their growth. Watching with interest but obviously not going to make me rich...back to work.
steve3sandal
03/1/2018
07:08
One of the ProVen holdings, Chargemaster, is rumoured to be preparing an IPO on AIM in the summer. A profitable exit? Https://www.thetimes.co.uk/edition/business/chargemaster-powers-up-for-summer-float-8bwv036ws
jonwig
17/11/2017
17:04
There is a blog post on 'VCTs – Possible budget changes and pre-planning our response' which mentions PVN available here: hTTps://www.sharesoc.org/blog/vcts/vcts-possible-budget-changes-pre-planning-response/
sharesoc
22/10/2017
17:56
Point taken Jonwig to the extent that they will be paying out £7m in dividends reducing cash as of Aug 31 from £34m to £27m which will one assume be increased by the £4.4m new share issue making it approx 30% of total assets before net cash movements in investments.
cerrito
21/10/2017
19:34
Cerrito - isn't some of that being paid as the special divi? I'm inclined to agree, though - they charge too much in fees to simply hold cash. I won't be subscribing either.
jonwig
21/10/2017
19:05
Note that for the 4th half year end running PVN has a third of its assets in cash which makes me leary of joining the new fund raising.
cerrito
12/7/2017
14:01
For interest, possibly: Https://www.thirdbridge.com/
jonwig
12/7/2017
11:50
Portfolio update: nav 107.9p. Third Bridge (being sold) is up from £2.458m (30 Nov) to £5.092m (31 May). Presumably that's the sale price. Leaves them with over £36m cash to deploy. Https://www.investegate.co.uk/proven-vct-plc/gnw/proven-vct-plc---interim-management-statement/20170712113950H9778/
jonwig
08/6/2017
11:24
Thank you for the prompt...good reading, though I might have hoped for 6.5p to be repeated given liquidity and gains made. The real shame for me is that they are not raising funds this year.
steve3sandal
08/6/2017
07:33
A pretty good performance for the year to Feb: "The Company's net asset value ("NAV") per share increased by 12.1p over the year (after adding back the dividends of 6.5p paid in the year), an increase of 12% on the opening NAV. At 28 February 2017 the NAV per share stood at 106.3p."
jonwig
01/4/2016
17:00
Catching up with things I went into this for a very modest amount for this tax year and just seen that they closed early on March 24 and used £4m of the Over allotment facility ie raised £34m so let's hope that the Investment Team keep their cool and invest this large amount wisely. Given that total assets of PVN were £63m at 30.11.15 -per website- and in the year to Feb 2015 they invested just £18m(and this was before sales etcet of £7m), this represents quite a step change. I note that Proven Growth and Income which were slightly bigger had no share raise. Makes me wonder if I made the right decision but as far as I could determine one had the same issues with other funds.
cerrito
10/3/2016
15:58
First equity issue on the fundraising: http://www.investegate.co.uk/proven-vct-plc--pvn-/gnw/proven-vct-plc---issue-of-equity/20160310152547H3457/ Current number of applications is higher, according to clubfinance. I don't know whether they'll reach the £30m.
jonwig
Chat Pages: 2  1
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