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VEN Ventus Vct Plc

80.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 0.00% 80.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ventus Vct Share Discussion Threads

Showing 1 to 23 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/5/2005
12:53
I am not looking for a Tax-oriented investment.

I hope this share has some liquidity BEFORE the end of the three year period

energyi
10/5/2005
12:36
Hmmm... Shortman2 : interesting idea but I am afraid that nuclear power is going to take some time to come on stream and private investors are going to take some convincing that it is the way to go after the British Energy debacle. Indeed the surest way for nuclear not to take off is for the government and electricity energy industry to go back on their agreements on wind energy.

I am, by the way a great supporter of nuclear energy, believing it to be the cleanest fuel of all but I also am a great beleiver in wind power (and other alternative sources of energy) and rather than disliking the wind turbines, think they add to the landscape, rather more so in fact than the grotesque pylons we have dotted all over.

Do you want to clarify "sources close to the government" ?

a0002577
10/5/2005
12:05
Post removed by ADVFN
Abuse team
10/5/2005
12:02
energyi - I think you are missing the point. you can buy them now for less than 60 pence direct from the company. It works out like this. You pay 100 pence per share and then claim back 40 pence in income tax. If you buy through a discoutn broker you will even get another 2% back from them making your net cost 58 pence. If you are considering buying them then buy now or wait for three years in the hope that they will fall to 60 pence - which I don't think they ever will.

Read the header of this thread : Timbo has done a good job in preparing it and he is absolutely correct.

a0002577
10/5/2005
09:37
I tend to agree...
But will wait for lower prices nonetheless

These entities tend to have rather haevy fee structures riding ontop of them.
The prices needs to drop to make risk/rewatd more attractive.
Of course, there is often the odd exception...

energyi
10/5/2005
08:39
energi - very unlikely that it will drift to 60 pence. The yield will keep it above 80 more or less regardless. If it ever got to 60 I would be a buyer in a big way. VCTs have got their act together in buying back shares and this one is largely asset backed and with assets that are subsidised by government as a long term move to get more renewable energy. This is/was the only really sensible VCT offering this/last year and so anyone who got in early should do very nicely. Asset backed VCTs (enterprise VCT and Close Bros have been the only ones to give consistently good returns over the years. I would expect this one to give at least as good a return as Close Bros - which yields nearly nine per cent on the original share price (100 pence) and of course rather more on the 38 pence I actually paid!
a0002577
09/5/2005
21:35
So the price will drift down towards 60P over time?
energyi
07/5/2005
19:57
energyi : you say "Not much (any) liquidity here, is there?" : of course there isn't, the offer is still open and you can buy new shares for an effective 60 pence (minus another couple of pence if you buy through a broker who remits some of his commission) : no one is going to be daft enough to sell the shares while the offer is still open because who would be stupid enough to buy them at more than sixty pence and pay commission and stamp duty on top?
a0002577
06/5/2005
18:37
energyi

There is likely to be virtually zero liquidity in VEN shares for about 3 years as subscribers in the new shares would lose the extremely generous tax break (40p in the pound) if they sell within the first three years. The only sales you are likely to see will be either distressed sales (shareholder having to sell due to unforseen circumstances, i.e. divorce), or executor sales as a result of the premature death of a shareholder.

After three years, if VEN can deliver on the divi, I would expect a much more liquid market, as the original subscribers in the shares will be able to sell out without having to pay back the tax rebate and potential new shareholders are bound to be attracted by the tax free 8p/share divi. If it turns out VEN shares are still illiquid after three years, no problems, I will be very happy to collect an annual tax free divi of 8p/share on my 58p/share investment.

I tend to go for long term buy and hold anyway, I'm a big, big, big energy price bull, I'm a real sucker for a big divi and the chance of achieving such wholesale (legal) tax avoidance is a huge lure for me (Gordon Brown will shortly have to rebate all my income tax for the last tax year as a result of my EIS and VCT investments), this is definitely my sort or investment.

timbo003
06/5/2005
15:17
Not much (any) liquidity here, is there?
energyi
04/5/2005
20:32
nice find..

In the US, I like MKBY and VRB

energyi
03/5/2005
21:30
Yup timbo : very good site.
a0002577
03/5/2005
20:40
ADVFN have (temporarily) suspended HTML (apparently due to sabotage?), so my hit counter at the top of the thread has gone (at least for now), boo hoo! Not that it had recorded many hits, LOL

Meanwhile, I've found an intestesting site (for windy fans)



All interesting stuff, but what is of most interest to me (as a Ventus shareholder), is the comprehensive details of all existing UK wind farms and the outline details of all wind farm projects in the pipeline

Fascinating stuff!

timbo003
29/4/2005
17:27
Hi A00

I wouldn't contemplate starting a thread on a generalist or Aim VCT (too boring), but Ventus are a bit different (VEN could even justify a ramp on windy nights!) I'm sincerely hoping that after 3-4 years (when all shareholders will be able to sell without incurring any tax penalties) there's going to be a genuine market in VEN shares (a bit like CVC, only better). If the projections outlined in the prospectus are met, an eight pence (tax free) annual divi and NAV in excess of 100p, should ensure a healthy demand for the VEN up to 150p per share. I have recently (this week) subscribed for another 8000 shares which takes my holding to 25K. That will definitely do for now!

timbo003
28/4/2005
13:59
Hi Timbo - just found you lurking on the premium board : will keep in touch : keep up the good work.
a0002577
22/4/2005
18:03
asmodeus

The 40% tax offset is due to run until April 5th 2006, although if you want to do VEN, you will probably have to get in before May 31st this year when the offer is due to close, I guess VEN may extend the offer a bit further, but probably not beyond the end of June 2005 (see comment from Bestinvest below)



After the dramatic surge in demand in the final weeks of the tax year, VCT demand has now, unsurprisingly, subsided. Most commentators, including ourselves, expect the record total for 2004/5 to be beaten in this year as more investors become aware of the generous VCT tax breaks, which are almost certain to be scaled back for 2006/7. However, most investors will probably wait until near the end of the tax year before subscribing.

The introduction of the EC generated Prospectus Directive could cause a hiatus shortly, since all current prospectuses will become invalid on July 1st. The new directive seeks to impose a standard for prospectuses that will apply to every member country. Whether VCT investors will be able to draw any additional comfort from the inclusion of a Working Capital Statement though is debatable.

timbo003
21/4/2005
21:04
Timbo - please would you remind us when the 40% tax-offset on VCTs is due to be terminated? I bought Vane for the 2004/5 tax year rather a sharp fall, (11%)yesterday, I think, and agree with your liking for divs., so VEN could be good for this year's VCT.
asmodeus
20/4/2005
21:48
timbo, you may like to add Cavendish to your list of VCT intermediataries; I think they may offer better discounts than the others.
mangal
17/4/2005
16:52
See article in today's Sunday Times:



I doubt if Ventus are likely to run into such serious opposition with any of their ventures, as they are intending to get mainly involved with much smaller community projects (typically 1-6 small wind turbines located on industrial sites, generating 2-12 megawatts) where planning consent has already been granted, as opposed to twenty seven, 400ft high monsters which are arguably a bit of a blight on the landscape.

The last three paragraphs of the article are of interest as there's a few metrics quoted for ROCs and estimated growth in turbine in the UK (see below)

Companies producing renewable energy sell their electricity at the market rate, about £22 per megawatt hour. This return would be too low for most companies so the government has created "renewable obligation certificates" (ROCs).

Renewable energy producers can claim one ROC for each megawatt hour of electricity they produce. ROCs currently fetch £47 each - meaning wind power costs consumers a total of £69 a megawatt hour.

There has been an explosion in the number of planning applications to build wind farms. Britain has about 1,200 turbines but this is expected to reach 6,000-8,000 by 2020.

timbo003
14/4/2005
21:54
mdchand

I see you are also into Alkane (me too), and thanks for providing all the useful info on that one. My main regret with Alkane is that I didn't load up sufficiently at 10-12p per share price range. Oh well, I will have to be content with my modest holding (60K shares), they are definitely intended to be a (very) long term hold. When oil hits $100/barrel in the next couple of years, Alkanes share price will probably be much higher than the current level and Ventus's prospects will be even brighter than they are now.

timbo003
13/4/2005
19:48
timbo - not alone. I looked at this vct for some clients and know some angles on windfarms, especially from a tax partnership mitigation angle. I agree, when you examine the tax breaks collectively, your looking at perhaps a 15% compound return over 3 years. I wish you well - it looks a very solid investment, but I think your in for a very lonely time on this thread lol
mdchand
13/4/2005
19:24
Well I thought this would be a lonely thread, and I'm correct, (at least up to now), nethertheless, I'll soldier on as a norman no mates for the time being.

It's certainly good to see some big "grown up" energy companies taking wind power seriously, for example see Scotish power's (SPW) announcement earlier this week



I confess I own quite a few shares in Scottish Power in addition to a quite few in Ventus, I have no intention of selling either in the short to medium term. Energy prices are heading up and that's for sure, so I'm very, very happy to hold and collect the juicy divis

timbo003
10/4/2005
16:21
Hits since July 15th 2013






Question: So what's the catch?

Answer: None really, but it is a venture capital trust (VCT), so not suited to everyone's investment style.

According to the prospectus, Ventus plans to focus on investing in companies developing smaller, onshore, wind energy projects, here's a quick summary of what they do



So here's the deal: you pay 100p/share and you claim back 40p from the Inland Revenue, and the IFA (who you bought the shares through) should give you a 2p commission rebate, so, the net purchase price is going to be around 58p

You will probably have to wait 3 years beore the 8p/share/year divi kicks in, meanwhile you will have to make do with just 3p divi per share/year (not that much of a hardship).

Oh, and another bonus, there is no further tax to pay on the divi (even if you are a higher rate tax payer). However, if you sell the shares within the first 3 years you will have to pay back the 40p/share tax rebate.

The shares in many (but not all) VCTs can be fairly illiquid and they can trade at a fairly deep discount to NAV, however, I suspect that Ventus will be one of the exceptions, that's if they deliver on the 8p per share divi. If they do deliver that sort of divi, then I would expect the shares to trade at considerable higher than 100p/share.

I'm in for 17K shares and I may buy a few more before the offer ends (May 31st 2005). The company is raising £25M and they are currently just over half way to the target.

For more info, visit the Ventus web site



If you want to invest, I would suggest you use either Bestinvest, British Taxpayers or Allenbridge (to process your application), all of whom will offer you a nice big commission rebate, Bestinvest are currently the most generous.





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Links to recent articles, events and bulletin board threads:

Ventus and Ventus 2 AGM reports (July 2013):


Greencoat UK Wind thread:


Renewables Infrastructure Group thread:


Investors Chronicle article: Renewable Energy ITs (July 2013):

timbo003
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