Amati Aim Vct Share Price (AMAT)

Yeah doesn't surprise me that a lot of investments are outside the UK, crazy really as UK government giving tax breaks to support young non UK businesses. On the IPO's more like the UK government giving tax breaks to allow company founders to get away with making a fortune on overpriced IPO's.

I invest in VCTs for one reason....the tax breaks. Every article says you shouldn't do this, quite frankly think this is rubbish, with a VCT 30% tax break on investment, tax free dividends, the investment can perform pretty poorly and still will be ok. People say VCTs are very high risk, well so are all shares!

I hope we get a nice BOJO majority, but no idea, bookies have it about 3/1 that JC will be PM as we are tucking into our Turkey....or probably being required to serve carbon neutral nut roast at the refugee welcome centres. Therefore for me until I know that wont be the case my money in firmly staying in cash. My VCT application will go in the post at 3am on the way to the Conservative Party Central Office celebrations.

I understand how you feel but the other side of the coin is that if you invest, & the shares are issued just before the election, which they surely will do under the circumstances, you have your 30% & tax free divis as Steptoe would have great difficulty in retrospectively removing what you paid for as per prospectus. Worth noting too that at their AGM a few months back they said how much revenue of the companies they invest in comes from overseas, my memory was it was about 1 third each between UK, EU & rest of world (mainly US). It surprised me but that was pretty much what they stated.
So well diversified for a VCT.My major worry is that they seem to have a habit of going in for AIM IPO's/placings & see the stock collapse in the aftermarket (velocys, i-nexus & loop up) are 3 especially illuminating examples of that. Are they losing their touch since Doug Lawson left ?

Should hear soon about Amati's offer for FY19/20. I was planning on investing but definitely will delay until after general election results. If JC is elected I will give it is pass.

Pretty depressing that the annual fees are 2.1%. Doesn't sound bad for a year or two, but over 20-30 years these fees destroy value. Even a VCT held for 5 years will see over a third of the tax rebate lost in the annual fees, not to mention the application fee and the discount one will need to accept between the NAV and the share price when one sells after 5 years.
I still like VCT's for the 30% tax rebate and regular tax free dividends but still...the fees on the product are crazy. Why cannot somebody bring out a really simple VCT that just invests in a pool of AIM companies but has lower fees.

PYU
You make very reasonable points, if we do suffer Corbyn many things could happen, not the least of which could be a "haircut" of larger personal bank accounts (think Greece, it has happened!). The one point I would differ on is that the loss of tax free divis could impact the resale value of VCT's as it is the major reason anybody would buy them on the secondary market.
I would suggest that the largest buyers on the secondary market, by far, are the companies themselves buying them in to control the discount.
I think you are correct to be cautious, but in the scenario you paint, what is safe ?