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Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
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Postby 127tolmers » August 30th, 2019, 8:42 pm ... 0507H0089/

Foresight VCT plc announces that, following a formal tender process led by the Audit Committee, the Board has approved the appointment of Deloitte LLP as auditor. KPMG LLP have resigned and Foresight Group will send a copy of their section 519 statement to shareholders alongside the Half-Yearly Financial Report.

So farewell KPMG who signed off a 30x materiality error in F4 a few years ago. ... 0254H0194/

Overall, the value of unquoted investments held rose to £112.8 million, driven by £9.0 million of deployment and an increase in the value of existing investments by £4.8 million. Material changes in valuation, defined as increasing or decreasing by £1.0 million or more since 31 December 2018, are detailed below. Updates on these companies are included below;
Company Valuation (£) Valuation Change (£)
FFX Group Limited 7,408,267 2,320,670
Specac International Limited 6,315,005 1,267,684
Ixaris Systems Limited 5,580,716 1,017,326
Datapath Group Limited 7,782,267 (1,027,677)
Online Poundshop Limited 933,187 (1,041,399)
Powerlinks Media Limited 411,358 (1,129,666)

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Re: Foresight


Postby 127tolmers » September 30th, 2019, 9:34 am ... 00270448O/

The Board of Woodford Patient Capital Trust plc (the "Company" or "WPCT") announces the appointment of Raymond Abbott as an independent non-executive director from 1 October 2019.

Raymond joins the Board with strong experience in the investment trust sector and also brings expertise in early stage technology investments. Raymond is the Chairman of Foresight 4 VCT plc, Scottish Building Society and Integrated Environmental Solutions Ltd and he has recently been appointed as Chair of the advisory panel for the North East Fund.

Raymond is an accountant by background, beginning his career at KPMG before pursuing a career in venture capital and private equity, latterly as Managing Director, Alliance Trust Equity Partners. He has experience as a board director and a fund manager with an emphasis on private equity.

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Re: Foresight


Postby timbo003 » October 7th, 2019, 9:54 pm

Nigel Somerville at Shareprophets have picked up on the appointment of Ray Abbott (Foresight 4 Chairman) as Director at Woodford Patient Capital Trust (WPCT). Needless to say, Nigel has been digging around in the history of Foresight 4 during RA's tenure (which will be familiar to many here at Lemon Fool) and his articles must make uncomfortable reading for Ray Abbott, Susan Searle (Chairman of WPCT) and the KPMG auditor, see links below which will take you to the abstracts, you can access three full Shareprophet articles every month for free when you register, but to access more than three you will need to subscribe.

I would certainly recommend reading the last one which Nigel signs off with the teaser ..... watch this space

Sept 30th: ... areholders

Sept 30th: ... ent-needed

Oct 1st: ... -mr-abbott

Oct 2nd: ... e-the-cash

Oct 3rd: ... nsequences

Oct 6th: ... terfingers

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