HHV vct
Posted: January 27th, 2022, 11:08 am
A disturbing post from Mike Dennis of Sharesoc, on their site concerning an unquoted investment, Honest Brew, in this AIM vct which cost £2.8mill + £300k recently for their loan notes and is in the last accounts at £277k + the loan notes at cost.
This is one of the very largest cost prices of any of their investments & while we all know that there are swings & roundabouts in VCT land this is especially intriguing as, according to the post from Mr Dennis, that the % of Honest Brew owned by HHV is 37% "far in excess of any other investee co in their portfolio". HHV then bought, last year, £300k of loan notes & even more intriguing is that apparently the Chair & family of HHV are also investors in Honest Brew to the tune of a further 20%+, all in what is a predominantly AIM vct.
It will be interesting to see if the board comment on this, I have had HHV as a core holding in my VCT portfolio for many years & have been happy to hold it, I for one will be looking forward to hear their explanation or refutal of that post.
This is one of the very largest cost prices of any of their investments & while we all know that there are swings & roundabouts in VCT land this is especially intriguing as, according to the post from Mr Dennis, that the % of Honest Brew owned by HHV is 37% "far in excess of any other investee co in their portfolio". HHV then bought, last year, £300k of loan notes & even more intriguing is that apparently the Chair & family of HHV are also investors in Honest Brew to the tune of a further 20%+, all in what is a predominantly AIM vct.
It will be interesting to see if the board comment on this, I have had HHV as a core holding in my VCT portfolio for many years & have been happy to hold it, I for one will be looking forward to hear their explanation or refutal of that post.