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INOV Schroders Capital Global Innovation Trust Plc

11.50
0.40 (3.60%)
17 Apr 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Schroders Capital Global Innovation Trust Plc LSE:INOV London Ordinary Share GB00BVG1CF25 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 3.60% 11.50 456,029 16:35:06
Bid Price Offer Price High Price Low Price Open Price
11.25 12.00 11.45 11.10 11.10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -31.19M -33.8M -0.0415 -2.76 90.41M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:06 UT 187 11.50 GBX

Schroders Capital Global... (INOV) Latest News

Schroders Capital Global... (INOV) Discussions and Chat

Schroders Capital Global... Forums and Chat

Date Time Title Posts
16/4/202511:07New name. New aspirations85

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Schroders Capital Global... (INOV) Most Recent Trades

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Posted at 18/4/2025 09:20 by Schroders Capital Global... Daily Update
Schroders Capital Global Innovation Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker INOV. The last closing price for Schroders Capital Global... was 11.10p.
Schroders Capital Global... currently has 814,492,025 shares in issue. The market capitalisation of Schroders Capital Global... is £93,259,337.
Schroders Capital Global... has a price to earnings ratio (PE ratio) of -2.76.
This morning INOV shares opened at 11.10p
Posted at 16/4/2025 10:47 by bdbd11
About 5 weeks until the Nav to 31st March is announced. Likely to see an increase, confirming over 20p in value, with about 30% of the current share price to he returned in cash within the next quarter. Topped up small this morning and will buy again if it continues to drift.
Posted at 23/3/2025 12:48 by apple53
Thanks for the info everyone.
I must have somehow cancelled my advfn updates, so the first I knew of the Araris development was a 11.xp share price.
Apart from being super-close to buying more simply due to the windup (but put off by justified cynicism), I guess there was also a chance to buy more on the 17th when the news came out as the share price moved quite slowly in the morning.
My in-price is in the 30s so I a decent chunk under 9p would have at least got me into the 20s.

I now need to grapple with my gremlins about whether I can buy more at this level. Suddenly it looks like it's not going below 11.5p.

Does anyone have a view over the timetable? Can we get 15p back in 12 months and the rest over the next 12-24?
Posted at 17/3/2025 13:49 by bdbd11
The news is incredibly good. The potential additional Araris distributions - beyond the current distribution - are worth up to 4p alone. Luckily I bought more on Friday at under 9, but increased my holding by over 50% on this news and , oh joy, am finally in profit.

How ironic though, so soon after the Wind Up was voted in, the NAV finally looking on the up.

I join bitgold in urging all to hold and wait for the distributions. It will take time, but we now could be looking at 20p+ in total. Downside risk looks very minimal. I will likely add more when funds become available and certainly if the price remains sub 12.

GLA
Posted at 14/3/2025 14:58 by hugepants
I see Armstrong/Rath Dhu have increased their shareholding. I've bought some also.


"...Taking into account the Company's current cash and existing commitments, the Board and the Manager anticipate that the first return of capital to Shareholders will take place in relatively short order following the General Meeting. The Company expects that the initial return of capital will be approximately £10 million by way of a tender offer..."

That's 1.2p per share or about 14% of the current market cap.
NAV 20p versus 8.75p share price and clearly a big question mark over the value of the portfolio but there are some quite high profile names in there eg. Atom Bank, BackMarket etc.
Posted at 05/2/2025 22:15 by bdbd11
I think it's likely that specialist funds will be taking these chunks. It reminds me of the ill fated QPP (then watchstone group) , which was broken up and sold off over an extended period. As time went by 99% of the stock was held by funds - so nearly all retail investors bailed (I held on and bought more at cheap prices) I found my spreadsheet - copied below to give an idea of who buyers might be. This is somewhat dated though.

It's likely something like 13 to 15p will be returned over time, but retail punters won't have the patience. If any of the AI investments come off, it could be more.

If it gets down to a buy price under 9p i'll be topping up, and will hold it all to fruition.

WATCHSTONE: %:

08/06/2017 Beechpoint 17

01/05/2018 Sand Grove 11.25
15/04/2020 UBS 7.93
08/01/2020 polygon 29.237
24/11/2018 HSBC 12.685
23/12/2019 Credit Suisse 9.371
06/11/2018 Deustche Bank below 5
22/10/2019 m&g 6.33
22/10/2019 prudential sold 7.71
17/12/2019 Macquarie grp 5.32
Posted at 05/2/2025 18:21 by scrapheap
19.7m share trade sold out today... some big institutions getting out asap rather than be tortuously repaid at TBA point.

I just hope someone is buying up these to take them private themselves and kick out Schroders and their fees.
Posted at 04/2/2025 15:34 by solonic
From
CITYWIRE INVESTMENT TRUST INSIDER


By
Danielle Levy

The board of Schroders Capital Global Innovation (INOV), formerly the Woodford Patient Capital investment trust, has brought forward its continuation vote from May to February.

A general meeting, which looks certain to lead a wind-up after a very chequered history, has been set for 27 February. The board said moving the meeting to an earlier date would provide the trust with more time to ‘dispose of its assets in an orderly manner’ in the hope of maximising potential gains and the return of capital to shareholders.

Articles have been amended so the ‘continuation resolution’ has been replaced with a ‘discontinuation resolution’, which will be presented to shareholders at the meeting.

Tim Edwards, chair of the trust, reiterated the board’s view that a wind-down was in the best interests of shareholders. This followed a consultation with shareholders, including activist value investor City of London which has a 14% stake.

‘Since taking over the management of the portfolio in 2019, Schroders has stabilised the company and repositioned the portfolio so as to seek to give shareholders access to venture and growth companies globally,’ Edwards said.

‘However, recognising the challenges associated with the legacy assets, alongside current market conditions, the board has taken the decision that it is in shareholders’ interest to pursue the managed wind-down.’

In its last set of results for the third quarter of 2024, the trust recorded a 4% drop in net asset value (NAV). Its assets have more than halved since Schroders replaced Woodford Investment Management as fund manager five years ago.

Since launch in April 2015 when it raised a then record £800m with former investment star Neil Woodford, the company’s market value has plunged to £81m with the shares trailing 50% below NAV.

Shares that listed at 100p traded at 10.8p at yesterday’s close.
Posted at 04/12/2024 10:11 by scrapheap
Surely there's a chance some PE will come in and try and take this out rather than see shareholders face a long wind up process - get it for say 14p a share still leaves (currently 6p a share of margin) and manage it down without the expense of Schroders running it and less time pressure too so likely better exit prices than in a wind down?
Posted at 24/7/2024 16:23 by bamboo2
bd, INOV management must take some of the responsibility for driving down the ONT share price and directly causing a fall in their own NAV.

Their policy seemed to be rather than wait, and sell into demand led strength, to get out piecemeal at any price.

A few years ago, they could have placed the lot for a far higher return.
Posted at 13/2/2024 18:03 by bamboo2
ollie, Thanks for checking the figures.
I am not quite sure what happened there, somehow I actually got both figures wrong!
Just shows, you don't want to believe anything you read on advfn!

As far as I can see, the original point of the post stands, that is that the management here are reducing the ONT holding in a piecemeal fashion.

Original read,
As of 30 September 2023 ONT nav was £41.1m [21.6% of INOV p/f] ONT share price was 240p
As of 30 June 2023 ONT nav was £44.0m [22.8% of INOV p/f] ONT share price was 217p

Should read,
As of 30 September 2023 ONT nav was £41.1m [21.6% of INOV p/f] ONT share price was 205.6p
As of 30 June 2023 ONT nav was £44.0m [22.8% of INOV p/f] ONT share price was 213.20p

================================

Edit added 28/3/2024

As of 31 December 2023 ONT nav was £41.669m [20.8% of INOV p/f] ONT share price was 208.2p
Schroders Capital Global... share price data is direct from the London Stock Exchange

Schroders Capital Global... Frequently Asked Questions (FAQ)

What is the current Schroders Capital Global... share price?
The current share price of Schroders Capital Global... is 11.50p
How many Schroders Capital Global... shares are in issue?
Schroders Capital Global... has 814,492,025 shares in issue
What is the market cap of Schroders Capital Global...?
The market capitalisation of Schroders Capital Global... is GBP 90.41M
What is the 1 year trading range for Schroders Capital Global... share price?
Schroders Capital Global... has traded in the range of 8.72p to 12.70p during the past year
What is the PE ratio of Schroders Capital Global...?
The price to earnings ratio of Schroders Capital Global... is -2.76
What is the cash to sales ratio of Schroders Capital Global...?
The cash to sales ratio of Schroders Capital Global... is -2.99
What is the reporting currency for Schroders Capital Global...?
Schroders Capital Global... reports financial results in GBP
What is the latest annual turnover for Schroders Capital Global...?
The latest annual turnover of Schroders Capital Global... is GBP -31.19M
What is the latest annual profit for Schroders Capital Global...?
The latest annual profit of Schroders Capital Global... is GBP -33.8M
What is the registered address of Schroders Capital Global...?
The registered address for Schroders Capital Global... is 1 LONDON WALL PLACE, LONDON, EC2Y 5AU
What is the Schroders Capital Global... website address?
The website address for Schroders Capital Global... is www.schroders.com/en-gb/uk/individual/funds-and-strategies/investment-trusts/schroders-capital-global-innovation-trust
Which industry sector does Schroders Capital Global... operate in?
Schroders Capital Global... operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector

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