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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Ventus Vct Plc | VEN | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
80.50 | 80.50 |
Top Posts |
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Posted at 19/5/2023 13:05 by rbcrbc Last night I sent off an email to the brokers:For shareholder enquiries contact: For Shareholder Enquiries contact The City Partnership (UK) Limited (the Companies’ registrar) Address: The Mending Rooms Park Valley Mills Meltham Road Huddersfield HD4 7BH T: 01484 240 910 E: registrars@city.uk.c I got a reply about an hour ago saying that there is a payment outstanding on my account and 'we do not make a charge for dividend reissues' I just have to fill out a form and send a scanned copy back. No proof that the cheque was ever sent or that it got 'lost in the post' Might be worth asking Jarvis to send a quick email. A mystery that will never be solved.,,,, |
Posted at 22/3/2022 11:12 by a0002577 spin doctor & spectotacc.the reason the Ven2 Ords got less in this distribution is perhaps because they got more in the first round paid via the special dividend. What to invest the proceeds in?? Suggest you read this on the lemon fool I started it 3 years ago but it still holds true. There are now more funds of which the battery funds are the most infesting. One of the biggest, Gore Street Energy Storage (GSF), has just announced a massive fund raise (plenty of space for you to invest) and its dividend policy which is a minimum of 7 pence per annum but increasing as NAV increases. See |
Posted at 11/3/2022 21:01 by spin doctor Thanks Spec for the chasing. Def taking longer than was indicated.What are you going to 'recycle' into, do you reckon? In quoted equity, I'm looking at NESF (shd arguably be trading at premium as per peers), HEIT (will take time, but generous divi and NAV/sp growth to come as per GSF) and possibly yet more OMIP (a nanocap version of SONG). |
Posted at 10/2/2022 11:56 by spectoacc Fair points, but my understanding is that they were to be appointed immediately (ie 2nd Feb), and am only going by what the co said:"It is expected that the liquidators will distribute the majority of the remaining net proceeds very shortly after appointment...". The c.10% being held back until end-Feb is surely to cover them, and they already have all the distribution details from the divi paid out on 21st Jan. Not saying anything's amiss, just that I see absolutely no reason why they can't have stuck to "..Very shortly after..". Is in danger of being nearer to the end-Feb 10% than the 2nd Feb appointment! |
Posted at 10/2/2022 11:45 by rbcrbc Well with the meeting only on the 2nd Feb, the liquidators need to find where the bathrooms and fire exits are - LOL.To be fair the resolution said 'the "Liquidators" be appointed as joint liquidators Not that they had been. For some reason my dividend always came by cheque in the post so just the process of ensuring the register was up to date, checking the accounts were in balance (as I guess the liquidators might have some personal responsibility if they were not and they distributed funds) and organising printing and posted is going to take a couple of weeks or so. My expectation is that the end of next week is likely. |
Posted at 31/12/2021 11:12 by rbcrbc Baronsmead BVT - have consistently paid a good divi.hxxps://www.hl.co.uk |
Posted at 31/12/2021 09:15 by spectoacc Completely missed the post-close RNS on the 23rd. Definitely a great outcome, but the tax-free income will indeed be much missed. Been nothing else like Ventus.So (I think): 122.9p from VEN 92.3p VEN2 (not sure why a few are buying at 93p today) 153.7 VENC 155.7p VNC Sometime in March before total payout, with much arriving sooner. Only quibble is with them claiming the result is "materially higher" than the estimates given before the shareholder vote. They're not material (typically 10%+), and the difference accounted for by divi we're foregoing, that would have been paid this month. ie the buyer has got the benefit of the retained earnings. Minor quibble. They've stuck to timescale, and no complaints about prices. |
Posted at 29/11/2021 10:21 by rbcrbc Sale Process UpdateShareholders will be aware that at the General Meeting of the Company held on 19 May 2021 (the “General Meeting”) the shareholders voted overwhelmingly (98.3%) in favour of the resolution proposed by the Directors to sell the assets of the Company and discontinue the Company as a venture capital trust. Since that time the Directors have worked, together with Temporis Capital Limited (“Temporis&rdq “Investment Manager”) and Ernst & Young LLP (“EY”), to implement the resolution by undertaking a formal sale process for all of the Company’s assets. The sales process is progressing well, and the Directors expect to complete the sale process within the expected timescale set out in the circular published on 13 April 2021 (the “Circular&rdqu 6 to 9 months from the date of the General Meeting held on 19 May 2021. Post Sale Timeline Subsequent to the completion of the sale process and receipt of the cash proceeds, the Directors intend to declare a special interim dividend as soon as is practical. This dividend will be equal to the distributable reserves in each share class and the Directors have set out the expected special interim dividend by share class below: Ordinary Shares pence per share "C" Shares pence per share "D" Shares pence per share Expected special interim dividend 47.0 64.0 11.0 At the same time as the transaction is announced, the Company also intends to issue a circular to convene a further General Meeting of the Company with a resolution to place the Company into a Members Voluntary Liquidation (“MVL”). Providing that this resolution is passed, the liquidator will make a liquidation distribution, retaining the minimum funds to cover future operating expenses and the estimated costs of liquidation, with a small contingency. |
Posted at 02/11/2021 16:12 by robertspc1 I think it's just taking a while because of the ridiculously complicated legal structures in place and the fact they don't own 100 per cent of all the assets. Hopefully holding statement soon, another dividend then cash |
Posted at 25/10/2021 14:37 by spectoacc Been quiet hasn't it. "Between 6 & 9 months" from the date of the passing of the vote - which was mid-May. So November-February for it all to be done by. Depending on timing, possibly another dividend first?Meanwhile, we've had low historic wind speeds (bad) and a massive increase in power prices (good). Not sure how those two might affect the sale process/price, nor why it all should take so long. "These are the assets, submit your bids in 30 days, complete the purchase 30 days later". 3 months tops IMO. Agree we're def due an update. |
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