Ventus Vct Share Discussion Threads

[energyi] 12/6/2005 07:59

Ventus Energy to build CAD 18m (USD 14.3m) Norway Wind Park
09 Jun 2005

But will it trade at all?


Established Windpower company, check Novera:

[timbo003] 07/6/2005 19:53

David

I think your only choice nowadays to avoid the dreaded CGT is to invest in EIS companies.

Currypasty's EIS thread should give you a few ideas



I did circa £22K last year in EIS and I have so far done £5K this tax year (mainly asset rich, unquoted pub companies in both cases)

[david77] 07/6/2005 19:31

I could only do £3k 'cos my income tax will only be about £1,200 - but my CGT bill will be around £24k - what can I do to reduce that?

[timbo003] 07/6/2005 19:13

The offer is now closed. Good!



So there are now around 15M shares, which presumably means they have raised around £14.3 Million. For the record, my final tally is 25.2K shares which represents around 0.167% of the total, the missis owns another 10K shares which is circa 0.067% of the total.

I'm now looking forward to the massive (8%) tax free divis (starting in around three years time), meanwhile, I guess I will have to put up with measly 3% (tax free) divis.

Oh, and I must not forget the £10K income tax rebate coming my way soon.

LOL

[david77] 01/6/2005 17:15

From today's Times, page 58

Weather Eye by Paul Simons

Getting up to speed with wind power

BRITAIN is one of the windiest places on Earth. In a global survey of wind speeds, some of the highest average wind speeds, over 33kph (21mph), were found in parts of north and west Scotland, northwest and southwest England. These areas are regularly battered by depressions sweeping off the Atlantic and have enormous potential for generating electricity by wind power.

Researchers at Stanford Uni­versity took data from around the world and calculated aver­age wind speeds at 80m (262ft) above the ground, the height needed for wind turbines to work.

They found that there are enough windy places to make five times the entire world ener­gy needs from wind power alone. Of course, it would be un­economic or highly conten­tious to site wind turbines at every suitable location, especially in areas of natural beauty. Nonetheless, the potential for wind power remains enormous.

Apart from the UK, the world's other windiest regions are sited along the European coast of the North Sea, the southern tip of South America and Tasmania. But the strongest winds of all are found in North America, around the
Great Lakes and along the coastlines of the Pacific, Atlantic and Gulf of Mexico. The US has the windiest location at Mount Washington, New Hampshire, which also holds the world record for the high­est wind speed: 372kph (231mph) logged during a storm on April 13, 1934.

[a0002577] 29/5/2005 17:43

Hi Timbo003 : well spotted : Seems to be a very good offering. How they are going to make a profit though - I don't know. Will certainly keep an eye on them

[timbo003] 29/5/2005 06:28

I found this in todays Sunday Times:



Whilst not directly related to Ventus it is nevertheless of interest and Windsave could be one to consider for the future if and when they float next year.

Their web site is here

[timbo003] 22/5/2005 05:16

I must say, I'm not complaining, hopefully it will mean lots more investment opportunities for Ventus!



The Ventus offer is due to close at the end of this week, so if you are thinking of subscribing you better be quick!

[timbo003] 15/5/2005 12:18

Here's a couple of links to weekend press articles that are relevant:

From todays Independent which begins "Wind power is better than nuclear power stations for tackling global warming, the Government's official environmental advisers will tell Tony Blair this week.". I'm not entirely sure how they work that one out, but I'm quite happy to go along with the conclusion.

From Investors Chronicle "Fuelling the future"

a four page article which discusses London listed companies (and companies coming to AIM) which are involved with wind power, biomass technologies, fuel cells, wave and tidal power, solar power and green energy funds (you will need to subscribe to IC to view). Ventus and Keydata VCTs get a mention along with all the usual suspects including Alkane (ALK), ITM Power (ITM), Ocean Power Technologies (OPT), Solar Intergrated Technologies (SIT), Biofuels (BFC) and D1 Oils (DOO)

[energyi] 12/5/2005 13:28

thnx,
A000
It is for my "own purposes",
but if anyone wants to come and post, you are welcome
Link:

[energyi] 12/5/2005 13:27

VEN prospectus:

[a0002577] 12/5/2005 13:12

Hi energyi : by all means but it may not get much response. Have a look at the boards on the Fool e.g.

I am know as BusyBumbleBee over there. Timbo is still Timbo there.

it is worth putting a link in your new board to

with kind regards

[energyi] 12/5/2005 12:58

I will start a VCT thread about this phenomenon

[a0002577] 12/5/2005 10:06

Hi Mahamamsa: glad to hear from Bratislava : what are you doing there? Sounds a fascinating place to be.

[mahamamsa] 12/5/2005 09:32

I can see about thirty windmills from my balcony in Bratislava, right on the horizon. They're all in Austria. Burgenland is jam-packed with windmills. Have to see if there are any guided tours.

[a0002577] 12/5/2005 09:11

How right you are energyi : I have been acting as the Cassandra for VCTs for the past few months. This has been the year when many inexperienced managers have launched VCTs on the back of supposed tax advantages and many investors have been lured by the same. A disaster waiting to happen in my view.

However, VENTUS is about the only one that I would have invested in as it has a sensible business model. The others of similar type over the years have been enterpise (OK ish), Close Bros VCT (bloody good to me - yielding over 8% consistently on the issue price but of course much more on my actual cost of 38 pence!)

The rest have been pretty poor investments compared to something like UU. or AWG - or indeed any of the other utilities really.

I think I posted on the Venture Capital thread something like 'I am not buying until the distressed sellers come out of the woodwork in three years time, when I can examine the value of the portfolios and buy at less than the 58 pence I would have to pay now'

Murray VCTs have performed exceptionally badly - but I have made some money by buying in the market (and selling again) with Murray VCT3. As you know they are changing their investment manager to Close Bros - so there is some hope that they will improve their performance in the medium term. However investing now (with the large spreads as well) doesn't appeal to me and is only for the really brave.

[energyi] 11/5/2005 22:32

LET'S BE realistic...

Here's what CAN happen in the VCT world



From 84p to 22p...

@:

Sym Company====== Price MnShs MktCap -NAV- .Disc
MVC Murray VCT.. : 22.5 28.3 £ 6.37m 36.40 -38.2%
MRV Murray VCT 2 : 29.5 35.5 £10.47m 43.50 -32.2%
MYV Murray VCT 3 : 35.5 39.9 £14.18m 56.10 -36.7%
MUV Murray VCT 4 : 48.5 37.7 £18.31m 73.70 -34.2%

[a0002577] 11/5/2005 08:39

Hi Timbo: The Swaffham windmill is fascinating (actually there are now two) One is the Safeway car park and as you say it attracts a lot of visitors - me included. Just love the new header : well done!

[timbo003] 10/5/2005 17:27

HTML is now back (yippee!), so I have now reinstalled the hit counter and decorated the header

>>>AOO
I think even some of the latter day windmills are now considered tourist attactions, see link below



Apparently 50,000 paying visitors (£5/adult, £3/child) have climbed the turbine tower at Swaffham!

[a0002577] 10/5/2005 15:15

Thanks for that link energyi. Interesting. I can see where you are coming from on this now. In which case steer clear of Ventus : it is more about financial engineering than energy engineering!

shortman2 : Hmmm. Mr Hislop a source close to government? Good read though. Ten years to bring on board a new nuclear power station? Is that before or after the planning (?) process? Seriously: I hope you are right because otherwise we have and will continue to have a major problem in this country.

[energyi] 10/5/2005 14:20

A,
I appreciate the explanation.

I am watching VEN, along with others:


Only CLE is showing stellar performance

[a0002577] 10/5/2005 13:25

energyi - you are quite right not to buy a stock just because of the tax rebates : but as you have expressed some interest I was merely making the point that it makes no sense to attempt to buy this one in the market. The investment has to stack up in its own right (and this one probably does) BUT if there is also a way of getting tax back then it does make sense to use it.

Why do you want some liquidity before the end of the 3 year period? Are you still intending to buy in the market?

david77 : Wind turbines as art. Interesting idea. Of course their predecessors - great ugly windmills - are now considered to be a tourist attraction where I live and massive amounts of money are spent restoring them. Believe they also boost the tourist industry in Holland.

[Abuse team] 10/5/2005 13:22

Post removed by ADVFN

[david77] 10/5/2005 13:09

Is the "angel of the north" any less of an eyesore than a wind turbine?
Call wind turbines art and everyone will want one.