Share Name Share Symbol Market Type Share ISIN Share Description
Ventus Vct Plc LSE:VEN London Ordinary Share GB00B03KMY45 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 80.50 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.7 1.4 8.5 9.5 13

Ventus Vct Share Discussion Threads

Showing 226 to 248 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
CHQ arrived today, together with covering paperwork: anticipated final dividends: Ords - 2.5p per share C Shares - 1.5p per share D shares - 1.0p per share. To be paid at conclusion of liquidation - i.e. after liabilities finalised, tax clearances obtained etc. No indication of dates given but IMO probably a few months.
Happy to help :) Can see the payment direct to bank going in today - hooray. Nothing in the 3 share dealing a/c's yet, but at least we know it's sent, & should get credited when cleared. Edit - now been credited in all 3 share a/c's too. Not a bad day for the money to arrive.
My latest payment arrived today. I'm very grateful for the updates here. Despite holding shares from launch I've had no communication from the liquidators, and so I only know what's behind the delays from the updates here.
They really did. Think we sold out about 10-15% too soon, with the power price rises, but still. Slightly surprised after what they told me last week that there's still no update on
Thanks for the updates. Over the years the Ventus share classes delivered a bunch of remarkable opportunities.
spin doctor
3rd May still the latest update on the website - [...] The money surely won't be long if they received it at the end of last week - the hassle of setting up the payments was done previously, so should only be a spreadsheet job. Looking forward to spending the cash in this weak market.
Wouldn't normally post verbatim but this is the reply today: "The proceeds from Achairn took longer to release than expected. However, the liquidator received the money at the end of last week. We are now working with the liquidator to make a distribution as soon as possible. There will be an update made on the Ventus website shortly with details of the amount and timing of the distribution."
Agreed - they stated a date, so if they were going to miss it (as they have), how much effort to send out an email? I'll try to call them again this week.
still nothing by the promised end May date. Contacted liquidator, no answer I guess they are all off celebrating our glorious leader. Can only agree comms have been pretty poor all told.
the 30th - the puttuve date for a big distribution from the ords approaches - and no news from the liquidator - Really bad comms over this.
More than welcome :) Tho sounds like they may have been inundated ;)
Seems that the blame here does not rest with the liquidator - they almost seem hurt and they have revealed more about what has been going on than we could have reasonably expected. The rns was clear - the assets were sold - now we are told they weren't ! My guess is that your excellent work chasing them caused them to be so frank - so a big thank-you, Spectoacc :)
I certainly did miss that, many thanks @A00002577. A lot in it, most of which they could have told us months ago. The fact they didn't hint at most of it even via email suggests they've taken a long time to get to grips with Ventus. Bet that single document has cost us another c.£100k in fees. "Given the quantum of the consideration, the liquidators intend to make an interim distribution of the Achairn proceeds to the Ordinary shareholders of both companies as soon as possible after receipt and are liaising with the registrar to arrange this payment before the end of May." So something else coming back this month at least, then the table at the bottom for the remainder.
Youwu nt to look at this, Spectoacc - latest update from liquidator -
Going to pester them every 6 weeks I think - been radio silence on progress/possible date for winding up. They won't be in any rush. Only pennies left on most of them, but of course the Ords have quite a bit outstanding still.
I'll give it a few more weeks, then contact them again. The explanation I got was that in order to be able to put the co's into liquidation, there had to be an asset still unsold. Not sure that's true - the co had "assets" in the form of bank balances - but seemingly why they hadn't completed one of the sales. Then it turned out to be more complicated than expected due to needing to remove security over an asset. And now, of course, we have largely inept liquidators trying to do it, rather than the directors who knew where the bodies are buried. So agree timescale unknown, and they'll enjoy racking up fees in the £100's an hour for multiple people. Fwiw this was iii's explanation for tardiness on the last payment: "I can advise that we received the payment on the 30th March however unfortunately, we did not receive the accompanying paperwork to reconcile the payments until yesterday (31st March 2022), which was the cause of the short delay."
The only sentences that indicates timescale says: 'Please note that together with Temporis Capital there is still some work to do to confirm and settle the companies final liabilities and therefore the above figures and estimates only' When taken with the statement 'There are further asset realisations to be made in respect of the ordinary shares' I am anticipating months rather than weeks. Pity as the next payment due on the Ords is 50% higher than the amount received today. There are further asset realisations to be made in respect of the ordinary shares today. I am happy to post the paperwork here if someone can tell me how to, or whatsapp / email it on if anyone wants to send me their contact info. or I'm sure Rhiannon would also forward a copy.
Ms McColl one of 3 I've been conversing with. Still awaiting payment into iii, but they seem to be the new Barclays Stockbrokers - by the time they reply to my query, whatever tardiness I'd been complaining about has usually been resolved. So a iii problem, not a liquidator's one. Any idea on timescale on the paperwork @RBCRBC?
Good old fashioned cheque arrived today, together with paperwork. This payment: Ord = 18p per share C Shares = 85p per share D shares = 185p per share The anticipated final distributions will be: Ord = 27p per share C Shares = 6p per share D shares = 6p per share will be paid 'at the conclusion of the liquidation' - No hint when that will be, but: There are further asset realisations to be made in respect of the ordinary shares. Contact name given as 'please do not hesitate to contact my colleague' - Rhiannon McColl 020 8343 5900 Costs of liquidation (so far) £729,645.75)
Money in today with 3 out of 5 a/cs, which is 2 out of 3 brokers (nothing from iii yet).
Full amount of predicted £ received in my bank account this morning
Bank payment for directly-held Ventus gone in this evening - good sign, hope it'll be reflected in the equity a/c's tomorrow. 30th might really mean the 30th. Whether we've missed the rally is another matter. Outstanding questions - when the bulk of the Ventus 2 Ords money is coming; when the rump (c.10%) held back is coming, assuming that still applies.
An explanation this morning? "The distribution to be made to Ventus 2 ordinary shareholders on 30 March is proportionately smaller versus the distributions being made to the C and D shareholders because the consideration for one of the investee companies sold by the ordinary share fund has yet to be received. Receipt of the consideration has been held up because of a technical issue in releasing the security held by the senior lender to that investee company. The total net proceeds to be paid to the Ventus 2 ordinary shareholders are still expected to be in line with those set out in the Circular dated 7th January 2022.’" That would be the same Circular that said 90% of the proceeds back in early Feb, the remainder by 28th Feb? Looking forward to this next payout on 30th March.
Chat Pages: 10  9  8  7  6  5  4  3  2  1
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