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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 176 to 200 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/2/2022
11:21
Agree end of this week feels like the limit. They were appointed on the 2nd and this is no longer "..Very shortly after appointment..". Edit - phoned Begbies to talk to Asher Miller, the liquidator listed on the Co House filing. "Sorry, he's on holiday this week". Couldn't make it up. Hopefully not spending our proceeds.
spectoacc
16/2/2022
10:41
There’s a letter from liquidator on the Ventura website accepting appointment dated 4 Feb. I’d give them a week to put their team in place and a few days to check assets and liabilities. So I’d expect to receive funds by bank transfer by the end of this week.
jontyponty
16/2/2022
08:24
Can see the document appointing Begbies on Companies House now, under Ventus - filed 10th Feb, but date of appointment confirmed as 2nd Feb. Will try contacting Begbies if nothing by the end of the week - "..Very shortly after appointment" now been a fortnight.
spectoacc
11/2/2022
13:19
Nowt received by me as of today.
spin doctor
10/2/2022
11:56
Fair points, but my understanding is that they were to be appointed immediately (ie 2nd Feb), and am only going by what the co said: "It is expected that the liquidators will distribute the majority of the remaining net proceeds very shortly after appointment...". The c.10% being held back until end-Feb is surely to cover them, and they already have all the distribution details from the divi paid out on 21st Jan. Not saying anything's amiss, just that I see absolutely no reason why they can't have stuck to "..Very shortly after..". Is in danger of being nearer to the end-Feb 10% than the 2nd Feb appointment!
spectoacc
10/2/2022
11:45
Well with the meeting only on the 2nd Feb, the liquidators need to find where the bathrooms and fire exits are - LOL. To be fair the resolution said 'the "Liquidators" be appointed as joint liquidators Not that they had been. For some reason my dividend always came by cheque in the post so just the process of ensuring the register was up to date, checking the accounts were in balance (as I guess the liquidators might have some personal responsibility if they were not and they distributed funds) and organising printing and posted is going to take a couple of weeks or so. My expectation is that the end of next week is likely.
rbcrbc
08/2/2022
08:30
More than a few days so far - anyone had 2nd payout yet? Edit - it could be due to the liquidators wanting to earn their fees, but: "It is expected that the liquidators will distribute the majority of the remaining net proceeds very shortly after appointment, although ten percent of the sales proceeds must be retained until the end of February as a condition of the sale." 2nd Feb appointment, now 8th Feb, not sure what "..Very shortly.." is, but surely about now. Personally I'd say about 48hrs.
spectoacc
02/2/2022
07:47
End of an era - circular says 10% to be held back until end-Feb, not sure if that's 10% of what's remaining after the recent payout, or 10% of total. Should know in a few days when the next payment arrives.
spectoacc
31/12/2021
11:12
Baronsmead BVT - have consistently paid a good divi. hxxps://www.hl.co.uk/shares/shares-search-results/b/baronsmead-venture-trust-plc-ordinary-10p/dividends
rbcrbc
31/12/2021
09:15
Completely missed the post-close RNS on the 23rd. Definitely a great outcome, but the tax-free income will indeed be much missed. Been nothing else like Ventus. So (I think): 122.9p from VEN 92.3p VEN2 (not sure why a few are buying at 93p today) 153.7 VENC 155.7p VNC Sometime in March before total payout, with much arriving sooner. Only quibble is with them claiming the result is "materially higher" than the estimates given before the shareholder vote. They're not material (typically 10%+), and the difference accounted for by divi we're foregoing, that would have been paid this month. ie the buyer has got the benefit of the retained earnings. Minor quibble. They've stuck to timescale, and no complaints about prices.
spectoacc
23/12/2021
19:26
Good exit. Now where to deploy proceeds to replace that fantastic yield
robertspc1
29/11/2021
10:50
Missed that, thanks. So we're into the 6 months, the 9 months taking us until 19th Feb. No indication of actual sale prices, but within previous declared levels, or they'd have had to say. Special divi amount just a reflection of distributable reserves.
spectoacc
29/11/2021
10:21
https://www.rns-pdf.londonstockexchange.com/rns/7975T_1-2021-11-27.pdf Sale Process Update Shareholders will be aware that at the General Meeting of the Company held on 19 May 2021 (the “General Meeting”) the shareholders voted overwhelmingly (98.3%) in favour of the resolution proposed by the Directors to sell the assets of the Company and discontinue the Company as a venture capital trust. Since that time the Directors have worked, together with Temporis Capital Limited (“Temporis”, the “Investment Manager”) and Ernst & Young LLP (“EY”), to implement the resolution by undertaking a formal sale process for all of the Company’s assets. The sales process is progressing well, and the Directors expect to complete the sale process within the expected timescale set out in the circular published on 13 April 2021 (the “Circular”). This timetable was 6 to 9 months from the date of the General Meeting held on 19 May 2021. Post Sale Timeline Subsequent to the completion of the sale process and receipt of the cash proceeds, the Directors intend to declare a special interim dividend as soon as is practical. This dividend will be equal to the distributable reserves in each share class and the Directors have set out the expected special interim dividend by share class below: Ordinary Shares pence per share "C" Shares pence per share "D" Shares pence per share Expected special interim dividend 47.0 64.0 11.0 At the same time as the transaction is announced, the Company also intends to issue a circular to convene a further General Meeting of the Company with a resolution to place the Company into a Members Voluntary Liquidation (“MVL”). Providing that this resolution is passed, the liquidator will make a liquidation distribution, retaining the minimum funds to cover future operating expenses and the estimated costs of liquidation, with a small contingency.
rbcrbc
04/11/2021
12:20
Interesting to see NMS down to a single share on all the classes. Allows them to today give someone 105 for a 2.5k sale of VEN's, and charge 145p (!) for a 4k purchase of VNC's. @robertspc1 - fair point. Also, if any change to the previously-announced timetable, they'd need to RNS it, so def expecting something within the next few months.
spectoacc
02/11/2021
16:12
I think it's just taking a while because of the ridiculously complicated legal structures in place and the fact they don't own 100 per cent of all the assets. Hopefully holding statement soon, another dividend then cash
robertspc1
26/10/2021
07:01
They'd already tested the waters (hence the prices given), so something would have had to have changed - not impossible, but if it had, they'd have had to RNS it.
spectoacc
25/10/2021
22:24
Maybe no bids at the mark at which they marked NAV? In which case, what are their legal obligations?
daemonfunds
25/10/2021
15:37
Been quiet hasn't it. "Between 6 & 9 months" from the date of the passing of the vote - which was mid-May. So November-February for it all to be done by. Depending on timing, possibly another dividend first? Meanwhile, we've had low historic wind speeds (bad) and a massive increase in power prices (good). Not sure how those two might affect the sale process/price, nor why it all should take so long. "These are the assets, submit your bids in 30 days, complete the purchase 30 days later". 3 months tops IMO. Agree we're def due an update.
spectoacc
25/10/2021
15:32
1/2 yearly report issued in Nov last year, so maybe an update as to the sale process in a few short weeks time, can anyone see a date planned for the half-year report ?
rbcrbc
23/7/2021
06:58
We've an XD to enjoy first. My guess is disposal/all monies back in Q4. Not sure why it needs to take so long tho, when they'd already gauged interest pre-circular. Edit, from April's Circular: "f both of the Resolutions are passed the Boards will commence the process of the disposal of the Companies' assets, a process that is expected to take between 6 and 9 months." Both Resolutions passed on 19th May, so "6 to 9 months" is between November and March. If it takes until March 2022 I'll be disappointed! But then we could expect one more divi beyond the one that's coming soon. They'd gauged interest already - surely just put the assets to best & final, 60 day completion, wind up the co. But Circular implies November at the earliest.
spectoacc
22/7/2021
19:37
So when do people expect the first pay-out from the sale of assets ? Can't be too far away ?
rbcrbc
01/3/2021
21:34
I think it will be the quickest way to realise the discount. Considering bigger operators such as UKW trade at a premium, I hope ventus assets can also be sold at a premium. If they can do that I'll be very happy and voting in favour
leopoldalcox
01/3/2021
17:24
Doesn't look like we have a choice.
rbcrbc
01/3/2021
10:53
Interesting news today, any views?
spectoacc
01/2/2021
11:27
Still waiting for my January divi. Anyone had their's ?
dogday
Chat Pages: 10  9  8  7  6  5  4  3  2  1
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