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foresight 4 VCT offer

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scotia
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foresight 4 VCT offer

#151559

Postby scotia » July 10th, 2018, 6:18 pm

From Hargreaves Lansdown yesterday:-
Foresight 4 VCT has announced plans to raise £50 million.

Any Opinions?

Vulgaris
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Re: foresight 4 VCT offer

#151633

Postby Vulgaris » July 10th, 2018, 10:16 pm

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

Kidman
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Re: foresight 4 VCT offer

#151704

Postby Kidman » July 11th, 2018, 10:35 am

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

Same for me.

sinterklaas
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Re: foresight 4 VCT offer

#151705

Postby sinterklaas » July 11th, 2018, 10:40 am

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
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Re: foresight 4 VCT offer

#151750

Postby ap8889 » July 11th, 2018, 2:22 pm

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
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Re: foresight 4 VCT offer

#151866

Postby parallellines » July 11th, 2018, 10:46 pm

sinterklaas wrote: 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
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Re: foresight 4 VCT offer

#151868

Postby scotia » July 11th, 2018, 11:02 pm

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

UncleEbenezer
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Re: foresight 4 VCT offer

#151874

Postby UncleEbenezer » July 12th, 2018, 2:13 am

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
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Re: foresight 4 VCT offer

#151994

Postby Karellan » July 12th, 2018, 3:15 pm

scotia wrote: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
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Re: foresight 4 VCT offer

#152044

Postby scotia » July 12th, 2018, 8:28 pm

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


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