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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 101 to 123 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
The Ventus (1) share price has been very erratic of late, often rising or falling 20p in a day, but with a 20p spread, there are no trading opportunities. I assume the falls are a result of a forced seller out there (presumably due to death, bankruptcy or divorce), so I decided to test the water today with an attempted purchase of some secondhand shares. I managed to pick up 3,000 at 84p/share (with no stamp duty), the trade never showed up on ADVFN, but the trade timing coincided with the tick up in price at 14.52. Has anyone else been buying VEN in the market? Someone has been buying as the share price always seems to rebound after a fall, I'm not sure if the company will be able to do share buy backs right now, as we must be either in, or approaching a closed period (results are due in June).
This looks pretty strong, should breach 100p tomorrow.
You may be interested in Renewable Energy Generation (RWE) also a wind generator, but with a much narrower spread between the bid/offer than Ventus.
The share price is largely irrelevant - usually as people say reflects forced sales (usually death) and a lack of buyers (no income tax relief on buys in market, tho' other perks intact). The only issue here is how quickly qualifying investments are being made and whether they are on the basis of the predicted (at launch) 8p net dividend. I hold a very large bunch of VCTs and frankly ignore the share price I am interested only in the anticipated dividend stream, and the stated NAV so far as that reflects it. IF Ventus manage to invest as planned and starts churning out annual tax free divis of 8% then expect a possible premium to NAV and maybe even an active secondary market.
spin doctor
David, yes, agreed, I guess there was a seller about, although the shares seemed to end up unchanged, so presumably the MM (Wins) were reassured that the company would buy back the shares at 90% of NAV, as per the company's stated policy. As Ventus 2/3 remained unchanged all day, I think we can assume it was not due to an issue concerning one of the Ventus investments.
I guess someone wanted to sell and there are no buyers about. Buy now in the market and there are no tax perks (I think).
Does anyone know what caused todays big drop?
amateur trader
G'day. Thanks. Forgot when I started, had to look - in a small way in '97. Invested each year since, increasing sums, and the divis are now starting to become useful.... Also forgot to say above that the final and least preferred element of the strategy that Ventus mentioned in discussion, that should ensure they meet the 70% criterion, was to target a less demanding yield. Pleased this was the final option offered.... The Falck-keydata thing seems odd. I did not buy keydata (less attractive income and limited capital growth, it seemed very much a dull offer), but had heard that Falck did the running, looking for a tax umbrella within which to shelter a putative project. Generally I think VCTs are over-maligned and misunderstood. High risk? No, often structured to be quite the opposite. Poor performing? Well in many cases, but most (not all) of those were predictable. Illiquid? definitely! Though who cares if holding for 10-20y, and most Cos. will buy back at 10% discount. Consequences of Gordon's changes should be minimal for most. (1) 5 year hold? Well they should be for anyone in their right mind anyway (2) Less than £8M NAV. Does not seem to be limiting for most funds, and much lower new subscriptions may actually mean the average investment prospect that comes thru diligence has a better risk/reward ratio despite being a smaller Co. (3) 30% tax credit. About fair; mustn't forget the taxfree treatment on the way out. Any more than 30% clearly attracted ridiculous amounts of tax punt money. SIPPs, ISAs, sbs, etc all have their place too of course, as I think you have observed elsewhere. I've just discovered there's chat over at the other place - haven't lurked there much before, but will keep an eye. LordLucanWhatsit has obviously been hearing reassuring things from V too.
spin doctor
Hi SD Nice to have some company at last, I see that you are bit of a VCT veteran and you probably pre-date me on VCTs (I started investing in VCTs in 2001, the main purpose was to defer CGT liabilities) The recent interim results from Ventus were really quite reassuring with respect to meeting the VCT investment criteria, alas, the RNS announcements (released on Nov 29th) only had minimal details on investment progress, but the paper version of the interim report (which I received on Dec 12th) had quite a few more details, highlights as follows: The Investment managers are actively looking at over 30 individual companies developing in excess of 200 megawatts of generating capacity and they are also pursuing opportunities with companies developing small scale hydroelectric schemes as well as with companies owning existing operational assets. They state that on the basis of the current rate of investment and an assesment of the potential investments in the pipeline, we are satisfied that sufficient projects are available to fully invest the funds in accordance with the investment strategy and the time period required to satisfy HMRC requirements in respect to maintaining VCT status. They also seem positive about the ongoing DTI review of UK energy policy, and state that the consulation process will continue into 2007 and that the managers believe that the proposals already announced support the company's investment strategy and will result in continued growth in the number of investment opportunities open to the Company.
Timbo Have just discovered and read this thread. Interesting. I also hold ~55k in V 1/2/3, also for the v long term. Spoke with Ventus team pre-investments. I would be not too worried about hitting the 70% 3 yr investment target as they have contingencies, eg invest in established wind farms, invest in non-wind projects. Perhaps most usefully, if there are delays in a particular project to which they have committed (eg due to turbine manufacture delays) they can invest the money in that project well ahead of turbine delivery - not ideal, but would prevent failing to meet that VCT criterion. The Keydata situation is interesting - their anticipated yield was much less than Ventus I recall. There is a risk that any VCT fund will be identified by investee companies as one that can invest at less than market rate, given that investors benefit from tax reliefs. Maybe Keydata has fallen into that trap, one that Ventus are aware of and very keen to avoid. Indeed they claim to have been made that unattractive offer by investee companies; and told them to go away.
spin doctor
Well {as anticipated), this seems to be more of a blog than a BB thread, so I reckon I might as well post on my recent investment experiences concening Westmill windfarm. You may recall Westmill are a (wannabe) windfarm co-op who recently raised money through a public subscription to fund a Windfarm near Swindon, they tempted me with EIS tax benefits, which I doubt very much will be forthcoming. Westmill's web site is here: Westmill Co-op launched their share offer in November 2005. The objective was to raise £3.75M from the share offer, which combined with a bank loan would fund the £5.8M required to purchase and commission 5 X 1.3MW turbines. There was also a contingency plan which required £2.65M from the share offer, which combined with a bank loan would fund the £4.15M required to purchase and commission 5 X 0.85MW turbines. Rather than allocate shares on a first come, first served basis, the co-op stated that they would prioritise certain categories with respect to share allocation in the event of an oversubscription. For example, investors living within a 50 mile radius and members of other Energy4all co-operatives would get prioritised over other applicants. It is fair enough having priority applicants, I don't have any problems with that, but structuring they offer in such a way gave no incentives for non-priority applicants (such as myself) to apply early for shares, as a result, the share offer got off to a very slow start. In fact, I didn't send my application off until 10 days before the offer closed. What Westmill should have done, is state that a certain percentage of shares would be allocated on a priority basis and the remainder would be on a first come,first served basis. If they had done this I (and I'm sure many others) would have applied for shares much earlier, i.e. during November rather than waiting until February. On March 28th they wrote to shareholders stating that they raised £4.3M, however, Seimens could not supply the 1.3MW turbines in a "reasonable time frame" and that although an alternative 1.3MW turbine was available, it was not well suited to the Westmill site. They stated that they intended to persue the contigency option, scale back applications for non-priority applicants and had enclosed a refund cheque with the letter. On April 28th Westmill wrote to shareholders again, stating that construction was due to start in September 2006 based on 5 X 0.85MW turbines. On 26th July they wrote again, informing shareholders that they had instructed the co-op's advisers to negotiate terms with Gamesa, but Gamesa had suddenly advised them that the delivery time had increased from 9 months to three years. I do find it astonishing that Westmill refunded the money in March, before they had checked that the 5 X 0.85MW project was still viable within an acceptable time frame. By sending out the refunds they effectively ruled out the (preferred) 5 X 1.3MW option unless they initiated a further time consuming fund raising. Finally, one last gripe: in the prospectus why on earth did Westmill state that they intend to pay shareholders annual interest (taxed at 20% for ordinary rate taxpayers and 40% for higher rate taxpayers), rather than dividends (taxed at 10% for ordinary rate taxpayers and at 32.5% for higher rate tax payers)? Needless to say, I now regret investing in Westmill, but, what a relief that I got scaled back in my application. Why didn't I stick all my Westmill investment in Ventus instead, Doohh!
I found this at the Climate Change Capital Web site, it's dated August 2006, so I'm not exactly sure on which day it was released. So, it looks like all 3 Ventus funds have now invested in the Craig farm project (which is excellent news) with a total of £2.7M invested between the 3 funds. Construction at the Craig farm site should commence this month, with electricity generation commencing summer 2007.
Well Timbo003 - I would never invest in a a company where the Chairman signed himself as Chair. Sorry about this - it will cost you a lot in lost tax relief. Hope it turns out well in the end - kind regards - A000
There's a bit of news in today's Scotland on Sunday concerning Craig Windfarm, which is one of the Ventus investments. They intend to start construction next year, let's just hope they can get hold of the turbines by then!
I recently invested in a windfarm co-op; Westmill windfarm (see earlier posts), hoping to bag some EIS benefits and some nice big divis , their web site is here: Westmill recently sent memebers/shareholders a business update (see below), it seems that they are having big problems sourcing suitable turbines leading to inevitable delays. I only have a modest holding in Westmill (£2.4K), so I'm not too concerned about my Westmill investment, however, it does increase my concerns regarding Ventus 1, 2 and 3 fulfilling the investment criteria for VCTs in the required time span.
Geotrupes are going for an IPO shortly (July/August) and are looking to raise around £6.5M after expenses. Ventus currently hold a 15% stake (cost: £351K) in Geotrupes You can download the prospectus and apply for shares here (you will have to register first) Geotrupes may well qualify for EIS tax reliefs, but the minimum investment is £35K, so probably not one for me.
Ventus and Ventus 2/3; steady as a rock throughout the recent stock market turmoil, not that anyone would sell anyway due to loss of tax reliefs. Until very recently, I had forgotten another advantage of VCTs, i.e. in order to fund them I have to cash in some of my other liquid stock market investments (near the market top so it would seem for my recent VCT investments), so avoiding lots of nasty loses that would have otherwise been incurred over the last couple of weeks.
Note to self: Crude oil now at $73/barrel, you can only pump it up once, $200/barrel here we come, yippee!
Interesting to see that Ventus is one of only two VCTs which are currently open for tax year 2006/2007 (another specialist fund: IBIS is the only other one): Unlike almost all of the other VCT funds on offer earlier this year (especially the AIM funds), there is still a reasonable investment case for Ventus, even under Gordon's new kill-joy VCT rules. However, I will not be investing any more, as I've got plenty already (£54K in Ventus 1, 2 and 3). Note to self: Crude oil now at $69/barrel, you can only pump it up once, $200/barrel here we come, yippee!
The Ventus 2/3 2005/2006 is now closed, they raised £20.7M (between the two companies), not bad for a specialist fund. They are staying open for the 2006/2007 tax year, although I suspect demand will be very, very subdued and I will definitely not be adding to my holding (29K plus a few free ones) under Culpability's new spoil sport reduced tax reliefs
See link below to listen to article on Radio 4 today program earlier today, Is wind power a reliable source of energy?, for Britain the answer is apparently: yes On a related matter, Ventus 2/3 subscriptions are now up to £19.6M (according to Hargreaves Lansdown)
Ventus 2/3 now up to £12.6M subscriptions (according to Hargreaves Lansdown), £29K's worth of them are mine, it would have been more but I have now run out of income tax to reclaim. Oil is now at $67/barrel and going forever upwards (you can only pump it up once!) the pound is down the toilet vs the dollar and its likely to go lower IMHO, so fill yer boots, you have until April 4th to get the 40p in the pound income tax relief, thereafter, it's only 30p in the pound. You know it makes sense!
There was a piece on radio 4's "You and yours" this lunch time entitled "More problems for wind farms" which you can listen to here It highlighted the difficulties that some "would be" windfarms are having getting connected to the Grid. A bit worrying, but presumably not a problem for any of the Ventus investee companies, or they would have told us about it, wouldn't they?
Chat Pages: 10  9  8  7  6  5  4  3  2  1
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