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HYG Seneca Growth Capital Vct Plc

13.50
0.00 (0.00%)
18 Apr 2024 - Closed
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 Shares Traded Last Trade
  0.00 0.00% 13.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
10.00 17.00 13.50 13.50 13.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -2.26M -2.75M -0.0950 -6.37 17.5M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 13.50 GBX

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Date Time Title Posts
05/3/202421:37HYGEA VCT : medical technology company VCT293
17/1/200519:21Honeygrove Group - was Propan Homes514
23/10/200321:33PETER O'REILLY UPS STAKE, SOMETHING GOING On4
16/10/200316:41HYG Charts2

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Posted at 18/4/2024 09:20 by Seneca Growth Capital Vct Daily Update
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.
Seneca Growth Capital Vct currently has 28,933,093 shares in issue. The market capitalisation of Seneca Growth Capital Vct is £17,504,521.
Seneca Growth Capital Vct has a price to earnings ratio (PE ratio) of -6.37.
This morning HYG shares opened at 13.50p
Posted at 05/3/2024 21:37 by jonesy100
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.
Posted at 05/3/2024 09:20 by smithie6
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.
Posted at 07/12/2022 07:33 by rivaldo
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!
Posted at 28/11/2022 08:27 by rivaldo
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.
Posted at 25/11/2022 18:38 by jonesy100
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.
Posted at 28/3/2022 09:55 by jonesy100
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/
Posted at 21/10/2021 09:24 by rivaldo
RNS out - latest NAV at 15/10 is 42.4p per share:



HYG own 11m shares in SCLP and 223,977 shares in AREC.
Posted at 22/9/2021 09:27 by rivaldo
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.
Posted at 03/6/2021 09:29 by rivaldo
Nice IPO debut for AREC. At the current 247p that would value HYG's stake at almost £0.5m.

HYG have 12m SCLP shares, which at the current 19p are worth £2.28m.

There's also around £1.5m cash, plus holdings in Fuel 3D and Insese worth £320k.

That's around £4.6m of NAV, i.e 57p per share.

The share price is now at quite a discount assuming my calculations are correct (my only query is did the 5/10/20 £400,000 5p dividend come out of that cash pile?).
Posted at 25/5/2021 09:15 by timbo003
>>>>SPB 👍👍👍


>>>All

I have now read and reread the relevant parts of the invetor roadshow slides and the draft AIM prospectus and I think I have now (at last) got my head around the likely valuation of the HYG stakes in Arecor following the IPO price (and also the value of the Oxford Tech VCT stakes in Arecor)

Based on the info available

* £4.4m CLN conversion at a 10% discount
* £20m new money
* 250p/share IPO
* £70m post IPO valuation at 250p/share

I come up with the following valuations for each of the four VCTs



The Hygea and Ox Tech VCT numbers do not correspond exactly and I'm not sure why that is, perhaps it is the different reporting dates and methods for HYG vs OX VCTs? but I am reasonably confident that the post IPO values in the table will be fairly close to reality.
Seneca Growth Capital Vct share price data is direct from the London Stock Exchange

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