Ventus Vct Dividends - VEN

Ventus Vct Dividends - VEN

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ventus Vct Plc VEN London Ordinary Share GB00B03KMY45 ORD 25P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 100.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
100.50 100.50 100.50 100.50 100.50
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Industry Sector

Ventus Vct VEN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

dave129: Quite - but last few years the latest the divi announcement has been is Nov 1st ... it's been radio silence this year. Most of the time it's last week Oct we've seen the RNS.
dave129: Shouldn't we be getting a dividend announcement around about now?
spectoacc: Mixed feelings so far - they've addressed some of the headline issues, presumably to head off losing the vote, without dealing with some of the more insidious stuff, particularly the more "hidden" fees & conflicts. Share classes to (finally) be merged, debt rescheduled and cheaper, small special divi.
a0002577: The final results are out and while the NAV has gone up (because they have upped the asset life from 20 to 25 years) - I am most displeased with these statements in the VEN2 report - and there are similar ones in the VEN1 report information on the calculation of the management ‘bonus’ It is difficult to find the relevant info in the report but if you look at the VEN2 Annual Report (looking at the C class shares) you will find all the information you need as follows: * start with Note 3 to the accounts (on page 48 of VEN2 report) which sets out the terms for the manager's bonus. i.e. once the total NAV return exceeds 160 pence then the manager is entitled to 20% of the amount by which the return exceeds 7 pence in the year. * then find the total NAV return on page 9 - bottom line - and it is 158.83 pence - i.e. below the 160 pence threshold. * then find the 'return per share’ - bottom line on page 40 – which is 15.92 pence for the C shares - so if target is achieved manager is entitled to 20% of 8.92 pence (the amount left after taking off the 7 pence). * Finally look to page 3 where it says that if the dividend is approved the manager will be entitled to the performance related incentive fee. The logic of the board seems to be that the fee is only paid if the dividend is counted twice - once because it is already in the NAV at the year-end – and again when it is paid. Scarcely in the shareholders’ interests.”
a0002577: I too have rather a lot - and have bought more recently - including a few D shares which are like hen's teeth. If they ever do something about the high charges NAV will go up and the dividend will also go up. Probably add 20% to share price if they ever get their act together. And all tax free income which supplements my pension nicely. Will keep in touch - regards BBB
a0002577: Absolutely right, SpectoAcc. I have written to the chairman about the high costs - and suggested that they reduce them in line with other green infrastructure VCTs - and got a non-committal reply. My letters also included an idea for merging the share classes and a progressive incentive for the manager. i.e. the hurdle increases every year. With the closure of the Fool Boards, most of us have migrated to the Lemon Fool and kept our monikers. Worth a look. It is free and run by ex-Fools. When the Ventus twins release their results, and they don't say they are reducing the costs to say 1 and a half percent, I shall write to the larger shareholders of VEN 2 ( i already have the register) asking them to support removing the whole board. with kind regards - BBB
a0002577: Hello - long time since I have posted here. Back in the early days of this VCT I didn't invest as I had already done my share for that year but thought it was a good bet. I was wrong - terribly mismanaged at the beginning and didn't get anywhere near the yield of 8% they touted at launch - and it is still a long way off. However there does seem to be value emerging BUT there could be even more value emerging in Ventus 2. I bought into that heavily a few weeks ago when they were yielding close on 7%. The yield on my original investment is now up as they have increased the Dividend and I am sitting on a share price gain to boot - but I have no intention of the half year report was quite encouraging
timbo003: It was the AGM yesterday, see my report over on the Motley Fool:
freda: For me, probably the most interesting part of the interim figures is the upward visability of future dividends, 6-8p in the case of VEN. Either the dividend figure will not be met, or the share price will have to increase to make the yield sensible again. A nice long term hold, especially at the current NAV discount. Steady as she goes but in the right direction.
timbo003: Interim results (to 31st August) just out. A very quick perusal, suggests that from the headline figures, it is very much a case of steady as she goes: Ventus Ordinary shares: NAV 121.4p (up 2.71p since Feb 28th), divi 2.5p Ventus C shares: NAV 106.5p (up 1.99p since Feb 28th), divi 2.5p Ventus 2 Ordinary shares: NAV 71.5p (up 1.52p since Feb 28th), divi 1.75p Ventus 2 C shares: NAV 107.0p (up 2.06p since Feb 28th), divi 2.5p All four classes of shares go ex divi 13th Dec, with dividends payable on Jan 15th.
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