Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Following the merger between Eclipse and Apollo, holders here will now hold 0.355628 Apollo shares for every Eclipse share previously held - or 1 Apollo share for every 2.8119 Eclipse shares. Apollo shares can be found under OAP3 with a current sp of 59p, valuing an Eclipse share at 21p. ATB.
This was never the busiest of boards, but see everyone over on the new board wherever and whatever that might be. ATB.
Hate to say I told you so but........ Unlikely to recover prior to the merger of the Eclipse and Apollo VCT's into one company, with the last day for dealing in these being Dec 16th. ATB.
Drop to be expected, but looking back it manages to hold even after a special dividend. I agree with a slight fall but generally not as steep to offset the dividend.
Just be wary of the sp drop when the div is paid, as these VCT's don't behave like normal shares. Take a look at the 5yr chart, precious little upside as divs are a way of returning cash to holders from the fund in a tax efficient way. The main beneficiaries are those that bought at launch and were able to claim back the then 40% tax relief. ATB
Had to buy and well worth if for the dividend alone!
A Special Dividend of 8p per share is due to be paid on 2nd Dec to shareholders on the register on 18th Nov. This is due to the significant amount of cash received when the company exited its holding in Tristar back in June. ATB.
A Special div of 1p will be paid on 26/2 shortly followed by the Final div of 1p paid on 1/4 - no joke!! ATB.
Yes Bonz I bought most of my shares when they were initially issued, plus other later Octopus VCT initial issues and all of them did well but now I only have OEC1 shares. You should hang on to them as the shares dropped after the big payout last year and I can't see them going lower now. They've paid 2 divis a year for the last 8 years and the 1p paid now giving 3% tax free with probably a second divi later in the year is MUCH better than BS rates - eg my Nationwide '15 yr loyalty account' rate is a measly 0.96% net and I've read it's being reduced again on 1st April.
To be paid 27/3. ATB.
Then I'm guessing you must have originally bought OEC1, whereas I was unlucky enough to purchase OEC3 and 4, and only inherit 1 when they all merged. '06 was not the best time to get into VCT's with what was lurking just around the corner. If I was to sell at today's price I doubt I would break even - even taking into account the upfront tax saving - at the end of the day my money would have been better off tucked away in a B/soc. I can only hope that the financial situation improves along with that of it's core holdings and that OEC1 continues to pay divs without the sp dwindling by a similar amount. ATB.
Good news but I'm not selling anytime soon. This has been a money machine for me and seems as safe a haven as any if (maybe that should be when) the next market crash comes. Now when's our next tax free divi due I wonder...
Due to Octopus Eclipse VCT announcing that the buyback policy of the Company will be changing so that shares will be bought at a 5% discount to the prevailing net asset value - previously 10%. ATB
Nice 8p tax free div paid today. Do love it when the Tax man doesn't get a slice. ATB.
Good set of Half-Yearly results for the six months ended 31 March 2014. The interim dividend of 1.0p per share for the six months ending 31 March 2014 and the special dividend of 7.0p per share will both be paid on 11 July 2014, to those shareholders on the register on 13 June 2014, withy NAV rising to 46.1p. "Since 30 September 2013 the Fund has made a number of successful disposals. In particular, Hydrobolt has been fully realised resulting in a profit in the current period of £5,563,000. The increase in value at the date of disposal represented an uplift in NAV of 5.7p per share. This is a significant return of 4 times the original investment cost in Hydrobolt which at the last year end was our largest investment by value, accounting for 27% of the unquoted portfolio. The realisation of this investment not only delivered a good uplift in value but also provides the opportunity to diversify the portfolio through new investments."
On 31 March 2014, a transaction occurred with Hydrobolt Limited. Should this transaction have occurred by the release date of the Interim Management Statement (IMS) dated 20 January 2014, the Net Asset Value (NAV) stated within the IMS report would have increased by 5.7p from 40.1p to 45.8p. ATB.
How very nice to hear from you. What with the rise in BT and BP so far i'm having the best year in ages. Also dabbled with the RMG and MERL IPO's.....makes a change for me to buy something new. Had another chunk of building work done and am now all nicely roofed, DG'd, soffits etc, and finally insulated and watertight. Still loads to do outside, but at least we'll be warm and dry this winter. Keenly watching Salmond and his mob from a distance. As an English man it doesn't really bother me one way or the other, but I do fear for Scotland in the long term if he gets his way. Will be interested to hear your take on the current situation at Millwall. My handful of shares are consigned to a box of old share certs and currently sit in my portfolio with a value of £0. ATB.
Hope you are well etc, Not been active share wise for a while, although I am at the moment on a downward spiral with an oil share, not critical but annoying. Been an interesting year, am finally getting organised, will be ready to sell up in the spring, the urgency now is if the demented nationalists finally sink Scotland. Sell up and get out, I am not the only one that thinks escape! The Millwall report arrived the other day, will have read and get back to you. ATB
Thanks for the two posts, nice to catch up. Not on here so often these days as can be seen from my stagnated post count whereas yours is now 5,000+.Though with the FTSE rising and my biggest holdings doing well I do like to check my 'Portfolio' to make sure i'm making more than i'm spending on the builder lol! Well remembered about the B'day, have a meal planned for this evening, but these days they are very low key affairs. My B/band is currently with the PO as at the time we had it connected they were just about the only people who offered an unlimited service. But they are pants, line drops up to 10 times a day - including just now when I lost my first reply to you AARRH!! - so cannot wait until Dec when I can ditch them. Sis next door is with BT and never has a problem, so will be switching soon. Plus I can then get BT Sports without having to go next door when my team is playing. My two finished Uni this summer and are both now working. Daughter is on a 9 month maternity cover with a large firm on the marketing side, and hopefully will be kept on if she does well. Son, who got a 1st, is working as an intern with a football league club on the analysis side, but they are paying for him to do his Masters. Though it did cost me £10k to buy him a nice shiny car to get to and from work. Being 200 miles away wasn't going to be very practical if his £500 motor kept breaking down lol!! All but a handful of my shares are FTSE100 and pay a reasonable div, and most of them offer a DRIP or SCRIP so my holdings grow all the time. It is nice to see growth year on year, but some times it is purely down to owning extra shares and not a growth in sp's. But as long as it is going upwards than I mustn't grumble. We're currently living off of the wife's small occupational pension and savings, very reluctant to sell any shares or funds at the moment with the poor returns to be had on cash. Though am going to give some serious thought to having a little dabble with P2P lending in the new year, returns of 5%+ look attractive. but need to do some more research. As you can see not heard from wag7 for nearly a year so not sure what he is up to now. Am sure we'll catch up again before then, but if not do have a very Merry Christmas, and wishing you a very prosperous New Year. ATVB.
Mum in law still has her certificated bp and shell. She's just off the phone. Didn't mention shell to her today. Never know what shares hubby has. Looking at another forthcoming ipo myself but it might depend on when I get my money from the enrc deal. Can't say I have remained loyal all the time to our beloved tht. It has been quite a Merlin roller coaster from £1.23 plus for me down to sub 10p and back up again. The spread is still what denis would call Hotel California like. I try to set trading plans these days but not too often if I am out. I am in nice solid, divi paying shares in the main now like your goodself - lol until they axe the divis but I got the interim at oml today and fres has announced a special one. I see you have renewed your acquaintance with wag7 from the millwall bb on here. I hope you have a nice lunch lined up for Mrs. Bonz's birthday tomorrow. Nice day. All Saints which has just reminded me that a young great niece is on All Souls. ATVB as always. And you will see that I did the part one and two thing as in days of old for comic effect. Take care and have a nice Christmas etc. with your family birthday then as well. Boy is 16 this year so have delayed applying for his passport as he'll be due an adult 10 year one if I wait till his birthday is nearer. x
Hi, I'm sitting here with lots of Tht lollies and the like and not a single child has come here for Hallow'een yet. Merlin ipo - yes have been to Legoland Alton Towers, the Dungeons in Edinburgh, the Sea life places etc. Seem to recall the supermarkets (your beloved Tesco in particular) always giving vouchers for free kid entry with a full paying adult to their locations and think some of them are included in the days out clubcard voucers. Should do well for you and there will possibly be perks. I didn't apply for rmg for a few reasons really. We were going on holiday. LOL the Westminister government knew they would be admitted to trading during the Scottish school holidays and they didn't want us to benefit lol. I am not sure as a user about services post privatisation etc. etc. but I have no objections to anybody who took part in the offer making a few bob as the sell off was a fait accompli. I wished my good mate deniscaff all the best with his. He's another rare breed on the bbs- an ordinary person as you once said and not a trader. We set up in business nearly a year ago now and a lot of our clients are on the islands so we hope postal charges are kept down and that outlining areas will keep getting a decent service. LOL Talking of decent services, we were in the Isle of Wight this October as the kids' passports had expired. The private bus service was so bad that we ended up using taxis evening after paying for a day rover pass. One breakdown in a day is about as much as I can cope with lol. We did complain but we have had to deal with an Inspector Blakey jobs worth guy lol. BT yes it will be interesting to see what they do but I am able to keep my email address for the time being. When we set up in business, a few folk had been trying to contact us and unfortunately we were not in the phone book or on the on-line directory which was a pity and on holiday the hotel had free intenet for bt subscribers only. We were both happy customers for years until we signed up for something supposed to save us money but actually it cost us a lot more. Complained of course but got no where and the regulator receives so many complaints - not just about bt - I gather that few are successful. LOL I remember having no internet access at one house because it was so remote there was no broadband just a slow dial up service. However, we are on a good package at the moment so that's all that matters.
It's always quiet on here so any post should stay in view for a month or two. Only picked up your post on RMG as I happened to be looking at how things were doing. Was a bit naughty and put in 6 applications for the shares using other family members. Didn't get all I wanted but will end up with 1,362 when all the certs are transferred to me. When I found out we'd only get the basic 227 I had planned to buy more in the open market, but it took off a bit too quickly. Never mind, am now looking at getting in on Merlin Entertainments next week. Spent almost every weekend at one or other of their parks when the kids were young. You could get an annual pass for about £15 of Tesco Clubcard vouchers.....bargain of the century. As we only lived about 30 mins from Thorpe Park we even used to pop in after school!! As I mentioned in my reply to you over on RMG i'm having the best year for ages with my big 4 holdings all doing well. All I need is for BP to finally put the GOM disaster behind them (nice increase in div earlier in the week), LLOY to stat paying a div and VOD to sort out the Verizon sale and I should be set for life. BT especially doing well, not one to brag about how much they are worth, but a seriously large sum these days - just so pleased they were all PEP'd years ago. Which can only mean one thing...we are due for a huge market correction back to about 3500 which will wipe out all of my gains and leave me on the breadline waiting for the meagre state pension to kick in!!!! Man the Lifeboats, women and children first!! Hope you see this and speak soon. ATB.
As a long term sufferer in their VCT3 and VCT4 investments, prior to the amalgamation into OEC1 it is hard to disagree with you. VCT's seemed like a good idea back in '05, 3&4 even managed a NAV above £1 in '07 before the financial meltdown, but since then it has been disastrous - Right product.....Wrong time :-(( Yes I had my 40% tax rebate, but will only just see my other 60p a share returned as divs, if i'm lucky. To break even after 10 years is not exactly a disaster, but would have been better off stashing the cash in a savings account, even at todays miserly 2%. Thankfully the majority of my other investments have performed much better. Will never invest in a VCT again. AB.
Tax relief is only relief for an investment with octupus investment management team. Is this a management team to be avoided? Think so at the moment as there are far better vcts to invest in in my opinion
Although it is impossible to confirm either way I should add.