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HYG Seneca Growth Capital Vct Plc

13.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Seneca Growth Capital Vct Plc LSE:HYG London Ordinary Share GB0031256109 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.50 10.00 17.00 13.50 13.50 13.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -2.19M -2.67M -0.0893 -6.27 4.04M
Seneca Growth Capital Vct Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker HYG. The last closing price for Seneca Growth Capital Vct was 13.50p. Over the last year, Seneca Growth Capital Vct shares have traded in a share price range of 13.50p to 16.50p.

Seneca Growth Capital Vct currently has 29,895,705 shares in issue. The market capitalisation of Seneca Growth Capital Vct is £4.04 million. Seneca Growth Capital Vct has a price to earnings ratio (PE ratio) of -6.27.

Seneca Growth Capital Vct Share Discussion Threads

Showing 801 to 824 of 825 messages
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
05/3/2024
21:37
The problem is there is no liquidity. You can only seem to buy at 17p today which is close to NAV. The last sell was about 9-10p as I recall. Ridiculous spread. So you can avoid CGT if you buy HYG rather than AREC and SCLP but you probably need to hold until the end. I think it is worth having a holding in the shares too in case things go south and you need to exit.
jonesy100
05/3/2024
11:35
>>>>Smithie

The only unique tax advantage to buying new issue shares in a VCT (compared to secondhand VCT shares) is the upfront tax relief, all other tax advantages (notably tax free capital gains, tax free dividends) are applicable to both newly issued VCT shares and secondhand VCT shares, see link below:

timbo003
05/3/2024
09:20
Rivaldo
Is the header truthful ?

"It's worth noting that buying and selling VCT shares on the open market is free of CGT"

Personally I think that is completely false. VCTs used to have certain tax advantages but absolutely none for buying/selling on the open market where I thought it was treated as just another share.
To get the tax benefits you need to invest in new shares issued in a VCT (getting tax relief on that investment) & it used to be that one had to hold for 5 years to be able to sell without paying tax on any gain. The divis are phps tax free.

smithie6
05/4/2023
15:21
Latest sell at 13p. Unreal
jonesy100
14/3/2023
14:04
I see an announcement on a new 2p dividend in May. So presumably selling a few more SCLP and AREC?
jonesy100
07/12/2022
07:33
Indeed :o))

Confirnation this morning of a nice 2p dividend. And that NAV two days ago was 40p per share. SCLP zoomed up again yesterday to 27p, so that should add roughly another 5p of NAV, which would now be 45p.

HYG's holding in SCLP is now 10.5m shares having sold another 500k presumably to fund the new dividend. I'd prefer they held on to them for capital gain, but I suppose it's safe to take small profits along the way:



PS : glad I wasn't persuaded years ago by Charles Breese to invest in OR Productivity, which I see has now gone into administration!

rivaldo
07/12/2022
07:15
Hi Rivaldo, Nice to see you. Small divi as we expected and things getting very interesting on all fronts!
jonesy100
28/11/2022
08:27
Hi Jonesey100, I'm still here and very happy with SCLP's rise - now up to 24.75p this morning. I agree that HYG should now sit on their stake if possible, there's no point in half measures. But they probably won't and will continue to sell small parcels of SCLP shares.

I believe HYG now hold 11m shares in SCLP, so will correct the thread header post. Plus the 223,977 shares in AREC.

rivaldo
25/11/2022
18:38
Nav now 40p. From their recent presentation, reckon the might sell a small portion of SCLP to pay a dividend. 2mn at this price would give us about 5.5p per share. But hope they hold tight and ride out the next phase.
jonesy100
04/11/2022
13:45
If anyone is still here, looks like NAV heading back to 35p with Scancell rise. The spread remains ludicrous so have to hang tight
jonesy100
21/4/2022
11:49
Wow, more sold at 15p. Discount must be approaching 60%, but the offer is still high 20s.
jonesy100
08/4/2022
13:12
Wow, NAV still around 27-29p and 8,000 sold for just 17p. That's a haircut of 40 percent. Hope not a sign of bad things ahead for SCLP
jonesy100
28/3/2022
09:55
Results out end of last week.NAV down to 29.2 due to SCLP drop. Little left now outside the two listed holdings https://www.investegate.co.uk/seneca-growth-capital-vct--hyg-/gnw/final-results-for-the-year-ended-31-december-2021/20220325070000H2863/
jonesy100
21/10/2021
09:24
RNS out - latest NAV at 15/10 is 42.4p per share:



HYG own 11m shares in SCLP and 223,977 shares in AREC.

rivaldo
22/9/2021
14:39
AREC now up almost 50% today to around 450p.....HYG's holding is now worth £1m.

OT : nice one timbo003.

rivaldo
22/9/2021
10:04
I have now settled up on my Mello Charity wager on Arecor made last June at the time of the IPO:


Target price 325p by Dec 31st 2021



Looking at the table of selections, only 15 out of 119 have managed to hit or exceed target so far, hopefully some of the others will catch up as it is a commendable idea.

timbo003
22/9/2021
09:27
AREC is zooming up again - now at 380p.

HYG held 223,977 shares at 30th June, so that's worth £0.85m now, alongside the 11m SCLP shares at 21.75p now worth £2.63m.

rivaldo
20/9/2021
19:33
AREC up 30% on insulin candidate news.Could start to really move HYG NAV if this gathers momentum. Reckon we are now at 41p
jonesy100
26/7/2021
08:27
Half yearly report out. New NAV 39p.Cash offset by performance fee accrual.Some more AREC taken up.
jonesy100
25/6/2021
19:33
You are welcome. I just did a back of envelope on NAV.I have SCLP at 30p. AREC about 6p. The unlisted companies at 4p. Cash ex div at under 0.5p. This puts us somewhere at 40-42p if I am correct.
jonesy100
25/6/2021
19:12
Thanks a lot for the reply Jonesy - appreciate it. Have a good weekend.
drdre
25/6/2021
18:14
Hi DrDre, Personally I might wait and see what new NAV is. They owe us an update but are never very quick. Saw the spread at 43/30 today. Not clear that this is such a good entry point given the ords are essentially as you describe - a play now on SCLP and AREC with some Fuel3D thrown in. Would have to work out whether to hold directly and have more liquidity. 30% spread is steep. GLA
jonesy100
24/6/2021
17:00
Hi All,

Have been looking into HYG and it looks intriguing - I was attracted by the yield and the cumulative 65p or so which has been returned.

I note that they are effectively not going to look for new opps via the ords. Is HYG future performance therefore linked to performance of Arecor and Scancell moving forward?

I did read the AR and I can't see much to come from the unquoted investments - it seems only Fuel3D and Insense have any potential?

Coming from the point of view of a potential investor, I worry that the boat may have sailed here but would welcome more educated views. Mine are based on poring through the last AR. The dividends returned to date have been exceptional and my feeling is that there could be up to 50% to gain here (looking at the NAV) but it is now, in effect, a closed shop? Happy to be corrected.

drdre
09/6/2021
09:33
Going rather well now - buying coming in at 44p this morning.

Cheers Jonesy100. I see SCLP is back up to 23.75p now, so that alone is worth £2.85m, plus AREC has had more good news with large director share buying.

rivaldo
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older

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