Not much going on

[BusyBumbleBee]

Despite many (some?) VCTs promising regular if not frequent updates there seems to have been a dearth of news since the managers got all the new money in the last tax year. Yes a big sale for a couple of Albion VCTs and the Amati merger but precious little else except some buy backs. Suppose we will have to wait for the results season to get a glimpse of what is happening.

[linhurst20]

BBB

Agree not much happening.

Perhaps we have reached the high point of VCT's over the last 2 years.

The Patient Capital review seems to have controlled the exuberance that
once prevailed and the Government would like to give away less in Tax Reliefs.

Lets see how much the drop in the dividends paid is in 2018/19.

Also not likely to be many providers opening the begging bowl this year.

Kind Regards

Linhur

[UncleEbenezer]

Indeed, not much interesting news here. But to be fair, it is a traditionally quiet season. Are we missing anything in particular that has happened in previous springs?

One thing to watch is that HMRC survey. They're trying to assess the success (or otherwise) of rule changes over the past decade. Or at least, going through the motions of confirming Sir Humphrey's views.

As for dividends, 2016 seems to have been the clear peak. At least, if we exclude last December's Foresight Infra final divi that was really a return of (the whole of our) capital. I won't be at all surprised to see this year's total revert to something in the ballpark of 2013's.

[UncleEbenezer]

Hmmm. BS2 IMS today. FWIW:

A number of investments were being held up due t0 delays in HMRC's advance assurance process, but these have now been received, allowing the Company to have a strong start to the year, with investments totalling £4.3 million to date and a successful fundraising.