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 Shares Traded Last Trade
  0.00 0.0% 80.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.71 1.38 8.46 9.5 13
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 80.50 GBX

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Date Time Title Posts
05/5/202213:11Ventus (wind farms): NAV 95p, 58p to buy, prospective yield 8p214

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Ventus Vct Daily Update: Ventus Vct Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker VEN. The last closing price for Ventus Vct was 80.50p.
Ventus Vct Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 115.50p while the 1 year low share price is currently 79.50p.
There are currently 16,307,547 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Ventus Vct Plc is £13,127,575.34.
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)
spectoacc: 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.
a0002577: spin doctor & spectotacc. the reason the Ven2 Ords got less in this distribution is perhaps because they got more in the first round paid via the special dividend. What to invest the proceeds in?? Suggest you read this on the lemon fool I started it 3 years ago but it still holds true. There are now more funds of which the battery funds are the most infesting. One of the biggest, Gore Street Energy Storage (GSF), has just announced a massive fund raise (plenty of space for you to invest) and its dividend policy which is a minimum of 7 pence per annum but increasing as NAV increases. See
spectoacc: 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.
rbcrbc: 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.
spectoacc: 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: 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.
rbcrbc: Has anyone else received a phone call that sounds like a scam offering £6-£15 a share !!!
spectoacc: Mixed feelings so far - they've addressed some of the headline issues, presumably to head off losing the vote, without dealing with some of the more insidious stuff, particularly the more "hidden" fees & conflicts. Share classes to (finally) be merged, debt rescheduled and cheaper, small special divi.
a0002577: Hi This is the letter I sent to the Chairman in early April Dear Mr Moore MANAGER’S FEES I trust all is going well. I, and a number of shareholders I have communicated with recently, am still very concerned by the high management charges levied on the assets of Ventus 2 VCT plc which is fully invested. The changes in the rules preventing any new wind farm assets being purchased means that the manager’s work load has been considerably reduced but as yet there has been no commensurate cut in fees. Two announcements made this year by VCTs with a similar business model are interesting in context – and while I am sure you are aware of these I feel it is necessary to draw them to your attention A. Hazel The Hazel Renewable manager has offered a reduction in management fee from 1.9% to 1.4% now it is fully invested. See page 9 of the circular below. ... c_2016.pdf. The rest of the document makes interesting reading as well. B. Foresight Solar & Infrastructure VCT plc The half yearly RNS states, inter alia, “The annual management fee of the Ordinary Shares fund is 1.5%.” and can be viewed in its entirety here ... 2157H8476/ It also includes these statements: “As outlined in my statement last October, the key focus of the Board and the Investment Manager is to optimise the portfolio's performance and valuation through a number of concurrent processes including optimising the debt content of investments through refinancing at historically low interest rates; extending leases and planning permissions from 25 years to 35 years to reflect the expected useful life of the plants; and to lock-in increased power prices by entering into power price agreements (PPAs) that maximise revenues...” If you were to implement some or all of the changes being pursued by other similar VCTs it would a) considerably enhance the dividends and b) have a substantial effect on the NAV and so I – and other shareholders – really hope you are examining and implementing similar moves within Ventus VCT 2 plc. I hope this is useful and shall look forward to hearing from you and seeing the full year results in due course – and, of course, attending the AGM Yours sincerely It looks as though the RNS should have been dated 1st April !!
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