foresight 4 VCT offer

[scotia]

From Hargreaves Lansdown yesterday:-

Foresight 4 VCT has announced plans to raise £50 million.

Any Opinions?

[Vulgaris]

My offer document, received last week, has already gone for recycling.

[Kidman]

My offer document, received last week, has already gone for recycling.

Same for me.

[sinterklaas]

It's not just announced, it's open

https://www.wealthclub.co.uk/venture-ca ... st-offers/

Undeterred by failing to raise anywhere near the £50m last year (let alone +£50 million over allotment) they are going again.

Its history kind of goes against it especially the board and audit stuff but I seem to remember they cleaned out the portfolio a bit, maybe in a few years it will have regained its shine. Nobody here a fan then?

[ap8889]

It's reputation ain't great. Barge pole deployed. It can't raise 50 mil during the absolute bonanza of cash from investors VCT feeding frenzy last year? I wonder why...

[parallellines]

I seem to remember they cleaned out the portfolio a bit

I do recall Foresight trying to persuade us along those lines. I think a more realistic take is that after so many of the investments resulted in complete loss, it was inevitable that what's left had to be better quality...

[scotia]

Well - I asked for Any Opinions, and all seem to be Thumbs Down.
Thanks - I'll give it a miss!

[UncleEbenezer]

AIC shows it still on a discount of nearly 20%.

That could make it eligible for a speculative punt in the secondary market. Winning scenarios there would include either investment performance (which admittedly looks like a long shot) or closing of the discount. Another tender offer would bring us the latter.

[Karellan]

Well - I asked for Any Opinions, and all seem to be Thumbs Down.
Thanks - I'll give it a miss!

Leopard spots change their dont ?

[scotia]

Karellan - I'll wait until someone reports a spot change