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27 th Oct 21 have received 5.5 p final distribution.
Do not think a return of 45 pence or so in the pound over 16 years is a good return. Have had 6 diff VCT and not one good experience. Will not invest again in Vct
Any updates
Where we can find info on progress of wind up? Just wandering how long everyone thinks it will take to get final payouts too. Info seems very sparse which concerns me.
I am surprised that some are still buying AAM when it is proposed to close the trust down.
I mean the last buy at 28p is when the todays NAV is at 23.71p ie 18% over NAV, in a market where there has to be a real risk we will see more falls due to a recession. Seems a bit crazy to me.
As per todays results it looks like the end. Disappointing that they can't continue, but at least principled if AIM does not contain the investments at reasonable value it is better to close, see below :-
"A number of options have been discussed, all of which had various pros and cons, which were considered in detail. The culmination of these discussions will see a proposal and recommendation to shareholders that a members' voluntary liquidation of the Company be undertaken (the 'Proposal'). In addition, in view of the Proposal, the Company will be withdrawing its share buy back policy with immediate effect.
The Board strongly believes that this route will enable the Investment Manager to realise the portfolio in an orderly manner, maximising shareholder returns and minimising the significant ongoing costs incurred in running the Company.
It is intended that a circular (the 'Circular') be issued to shareholders in September 2020, outlining the full details of the Proposal. The Circular will also include a notice for a general meeting of the Company, to be convened prior to the Company's year end, enabling resolutions to be proposed and voted on by shareholders to this effect.
If approved, a liquidator will be appointed by shareholders and the Company will de-list from the London Stock Exchange. The liquidator, with assistance from the Investment Manager, will realise the remaining assets of the Company and distribute the proceeds to shareholders through periodic distributions. Once all of the assets have been realised and the liquidator is satisfied that there are no outstanding creditors or other liabilities the Company will be wound up.
Given the continuing challenges faced by the Company in its operating environment it is your Board's belief that the time is now appropriate for the Company to follow this route."
Yes it is. Goes ex tomorow .
Is this stock still paying Dividend in June?
A whopping 23%?
NAV at 29.54 p today so todays trades at 34 are at a 15 % premium to NAV price.
Seems a bit crazy to me.
I been invested in AAM for quite a while.
However, given NAV is less than 30 and BID : 32 ASK: 35.
It does seem expensive in the current turbulent market.
Any buyers out there ?
I like the stocks this fund invests in and even the bad ones aren't doing that poorly. I look forward to many positive dividends fingers crossed
As a small investor we prefer to invest in companies such as AAM as we would otherwise not be able to invest in so many young companies. AAM and similar ITs have the ability to dig deep in to these tiddlers and select those who they feel have a future. The SP does vary a lot but in the end these small companies generally give better returns than the FTSE 100 big boys. Amar, ESO and FFWD are companies we feel give us a wide coverage, No where else could we invest in the Cannabis medical market as FFWD does. AAM have a wide range of investments which in time will bring a bigger share price. Their experience far out strips our knowledge of AIM / small companies which is why we shall be adding to our investment in them, especially with their SP quite low as well as below NAV which is an asset when dividends are declared, this gives an increase in the %.
The part where it has the potential to become a world class deposit... Hmmm....:)
Rns...
As no one has ever posted thought I would. Not an investment to make your fortune. However like a glacier although you can't see the movement, it does move slowly upwards and the dividend yield is excellent. I did receive the 5 pence special dividend on a very small number of shares, which added to the 2 pence was very welcome. I increased my holding recently and look forward to a steady income stream and slow capital appreciation.
ok 4.30