FORESIGHT VCT PLC (FTV)

FORESIGHT VCT PLC (FTV)

Blog posts

VCT Investors Group Action Plan

23 ShareSoc members who are also members of the VCT investor group met on 26 February 2020 at the East India Club. We reviewed recent successes at Ventus, Albion,...

AIC Press Release on VCTs

To follow on from my last blog post, another interesting press release from the AIC today was that on the performance of Venture Capital Trusts (VCTs). That's particularly so when everyone is considering their tax bills at this time of year, i.e. those just paid and how they can avoid such big ones for the current year and next. VCTs do of course offer upfront income tax relief when investing in new shares, and also tax free dividends thereafter. Many have been ...

Foresight VCT Incentive Fee

In addition to my recent comments on Foresight 4, it’s worth covering the latest news from the original Foresight VCT (FTV). They have announced a General Meeting on the...

Guide to Venture Capital Trusts and Foresight VCTs

The Association of Investment Companies (AIC) have just published a guide to Venture Capital Trusts entitled "Going for Growth".  It provides a good overview of this specialist sector of the market. It can be found here: http://www.theaic.co.uk/sites/default/files/uploads/files/AICVCTConsumerguide.pdf It includes a number of examples of successful investments made by VCT managers including that made by Foresight in Procam. However, the dangers of VCT investment were highlighted recently by the events at Foresight 2 VCT who recently held their Annual General Meeting. In their ...

AGM Reports

Foresight VCT (FTV) AGM 2018

  This year’s Foresight VCT AGM was held on Tuesday 22nd May commencing at 14:00, at the Foresight Offices, 23rd floor, The Shard, SE1 9SG. There were around 25 attendees, which included about 16 ordinary shareholders, the BOD and representatives from the manager. Links to the Annual Report for year ending Dec 2017 and my notes from last year’s AGM are shown below: http://www.foresightgroup.eu/media/843001/f-vct-annual-report-and-a... https://www.sharesoc.org/agm-reports/foresight-vct-agm-2017/ The Chairman (John Gregory) kicked of the meeting by announcing the running order for the meeting, which began with a presentation from ...

Foresight VCT (FTV) AGM 2017

This year’s Foresight VCT AGM was held on Tuesday 23rd May starting at 10:00, at the Foresight Offices, 23rd floor, The Shard, SE1 9SG. There were around 25 attendees, which included about 10 ordinary shareholders, the BOD and representatives from the manager and two investee companies. The Annual report for year ending Dec 2016 can be found here: http://www.foresightgroup.eu/media/130946/2016-annual-report-accoun... The Chairman (John Gregory) kicked of the meeting by announcing that he had received feedback from a number of shareholders who had complained that a 10:00 ...

Foresight 1 VCT (FTV) 2017

Foresight 1 VCT (FTV) held a General Meeting on the 8th March. The purpose of the meeting was to approve share issuance to raise up to £20 million in new capital, and to approve a new performance fee for the manager (Foresight Group CI Ltd) plus a co-investment scheme. Before reporting on the meeting, let me repeat what I said about these proposals beforehand in a blog post: "The covering letter from the Chairman suggests that the VCT is "regarded as one of ...

Foresight VCT Plc (FTV) AGM Report 2015

Yesterday, the 28th May 2015 I attended the annual general meeting of Foresight VCT in Foresights offices on the 17th floor of the Shard (one wonders how high the rent is) in central London. A few headline statistics for Foresight as at year end are as follows: current yield 7%, Nav up 8% on 2013 from the ordinary share class, Nav down 12% on the planned exit share class, Nav approx level on the infrastructure share class (no, I don’t know ...

Foresight VCT (FTV) AGM Report 2012

Foresight VCT is a Venture Capital Trust which I have been holding for many years – locked in effectively by having claimed capital gains roll-over relief on my initial investment (no longer available to new investors in VCTs unfortunately – perhaps that is a good thing because if you sell the shares you get the relief rolled back out and end up with a large tax bill!). I attended the AGM on the 23rd May 2012. This is quite a brief report. ...